Can I retire at age 60 with 18,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,417,245
2 years$756,293$742,208$728,557$715,322$702,484$644,788
3 years$499,187$485,041$471,425$458,314$445,685$390,081
4 years$370,659$356,557$343,077$330,189$317,866$264,778
5 years$293,563$279,545$266,242$253,617$241,637$191,199
6 years$242,182$228,269$215,163$202,820$191,199$143,445
7 years$205,496$191,700$178,801$166,749$155,496$110,409
8 years$177,994$164,322$151,638$139,882$128,999$86,534
9 years$156,614$143,072$130,605$119,148$108,636$68,729
10 years$139,521$126,111$113,865$102,707$92,563$55,138
11 years$125,544$112,269$100,245$89,386$79,607$44,577
12 years$113,906$100,767$88,965$78,403$68,986$36,258
13 years$104,065$91,064$79,484$69,218$60,157$29,633
14 years$95,638$82,775$71,417$61,444$52,733$24,311
15 years$88,341$75,616$64,480$54,798$46,431$20,006
16 years$81,962$69,376$58,460$49,065$41,036$16,505
17 years$76,340$63,893$53,197$44,085$36,385$13,645
18 years$71,347$59,040$48,562$39,729$32,352$11,299
19 years$66,886$54,718$44,456$35,899$28,836$9,369
20 years$62,876$50,846$40,799$32,513$25,757$7,778
21 years$59,252$47,361$37,528$29,508$23,049$6,463
22 years$55,962$44,210$34,587$26,829$20,660$5,374
23 years$52,963$41,349$31,935$24,434$18,546$4,472
24 years$50,218$38,741$29,535$22,285$16,670$3,723
25 years$47,696$36,357$27,355$20,352$15,000$3,101
26 years$45,372$34,169$25,371$18,609$13,512$2,584
27 years$43,224$32,157$23,559$17,033$12,182$2,153
28 years$41,232$30,302$21,901$15,606$10,992$1,795
29 years$39,382$28,586$20,381$14,311$9,925$1,497
30 years$37,658$26,997$18,984$13,134$8,968$1,248
31 years$36,048$25,521$17,698$12,063$8,108$1,041
32 years$34,543$24,148$16,513$11,086$7,334$869
33 years$33,131$22,868$15,418$10,194$6,638$725
34 years$31,805$21,674$14,406$9,380$6,010$605
35 years$30,558$20,557$13,468$8,635$5,443$505
36 years$29,382$19,512$12,599$7,952$4,932$421
37 years$28,273$18,532$11,793$7,327$4,470$351
38 years$27,225$17,612$11,043$6,753$4,052$293
39 years$26,233$16,747$10,346$6,227$3,675$245
40 years$25,292$15,934$9,698$5,743$3,333$204
41 years$24,400$15,167$9,093$5,299$3,024$170
42 years$23,553$14,445$8,530$4,890$2,744$142
43 years$22,748$13,763$8,004$4,514$2,490$119
44 years$21,981$13,119$7,513$4,168$2,260$99
45 years$21,250$12,510$7,055$3,850$2,052$83
46 years$20,553$11,934$6,626$3,556$1,863$69
47 years$19,888$11,389$6,225$3,285$1,692$58
48 years$19,252$10,872$5,850$3,036$1,536$48
49 years$18,644$10,382$5,498$2,805$1,395$40
50 years$18,062$9,918$5,169$2,593$1,267$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,500,000, adding $6,480 every year, while hoping to spend $32,536 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 73/16/11 Blend
59$18,500,000$18,500,000$18,500,000$18,500,000
60$20,393,684$19,413,184$19,126,434$21,838,026
61$22,439,222$20,329,812$19,732,552$23,709,884
62$24,692,314$21,290,264$20,357,884$25,754,793
63$27,174,097$22,296,654$21,003,039$27,993,642
64$29,907,861$23,351,196$21,668,648$30,445,610
65$32,919,272$24,456,215$22,355,357$33,131,807
66$36,236,613$25,614,144$23,063,836$36,075,472
67$39,891,050$26,827,539$23,794,777$39,302,182
68$43,916,925$28,099,077$24,548,890$42,840,097
69$48,352,084$29,431,565$25,326,911$46,720,216
70$53,238,233$30,827,947$26,129,598$50,976,670
71$58,621,327$32,291,311$26,957,734$55,647,035
72$64,552,010$33,824,893$27,812,126$60,772,688
73$71,086,088$35,432,086$28,693,605$66,399,187
74$78,285,060$37,116,449$29,603,032$72,576,700
75$86,216,696$38,881,715$30,541,293$79,360,472
76$94,955,675$40,731,795$31,509,303$86,811,341
77$104,584,293$42,670,792$32,508,004$94,996,308
78$115,193,239$44,703,009$33,538,370$103,989,159
79$126,882,451$46,832,958$34,601,407$113,871,163
80$139,762,056$49,065,368$35,698,149$124,731,825
81$153,953,415$51,405,200$36,829,666$136,669,728
82$169,590,265$53,857,657$37,997,062$149,793,459
83$186,819,982$56,428,192$39,201,474$164,222,619
84$205,804,973$59,122,526$40,444,076$180,088,953
85$226,724,208$61,946,658$41,726,080$197,537,579
86$249,774,909$64,906,876$43,048,735$216,728,352
87$275,174,414$68,009,777$44,413,332$237,837,367
88$303,162,226$71,262,278$45,821,201$261,058,605
89$334,002,275$74,671,632$47,273,713$286,605,763
90$367,985,411$78,245,445$48,772,286$314,714,254
91$405,432,146$81,991,695$50,318,381$345,643,423
92$446,695,684$85,918,747$51,913,505$379,678,984
93$492,165,250$90,035,372$53,559,214$417,135,703
94$542,269,769$94,350,769$55,257,112$458,360,360
95$597,481,915$98,874,586$57,008,855$503,735,008
96$658,322,570$103,616,941$58,816,151$553,680,570
97$725,365,743$108,588,442$60,680,763$608,660,794
98$799,243,989$113,800,216$62,604,509$669,186,619
99$880,654,381$119,263,931$64,589,265$735,820,985
100$970,365,090$124,991,825$66,636,966$809,184,129