Can I retire at age 60 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,439,976
2 years$764,470$750,232$736,434$723,055$710,078$659,028
3 years$504,584$490,285$476,521$463,268$450,503$401,194
4 years$374,667$360,411$346,785$333,759$321,302$274,112
5 years$296,736$282,567$269,120$256,359$244,249$199,302
6 years$244,800$230,737$217,489$205,012$193,266$150,598
7 years$207,717$193,773$180,734$168,552$157,177$116,780
8 years$179,918$166,099$153,277$141,394$130,393$92,236
9 years$158,307$144,619$132,017$120,436$109,810$73,845
10 years$141,029$127,475$115,096$103,817$93,564$59,731
11 years$126,902$113,483$101,328$90,352$80,468$48,702
12 years$115,137$101,856$89,926$79,251$69,732$39,958
13 years$105,190$92,048$80,343$69,967$60,807$32,948
14 years$96,672$83,669$72,189$62,109$53,303$27,278
15 years$89,296$76,434$65,177$55,390$46,933$22,657
16 years$82,848$70,126$59,092$49,596$41,479$18,869
17 years$77,165$64,584$53,772$44,561$36,778$15,749
18 years$72,119$59,678$49,087$40,159$32,702$13,169
19 years$67,609$55,309$44,936$36,287$29,148$11,028
20 years$63,555$51,396$41,240$32,865$26,035$9,247
21 years$59,893$47,873$37,933$29,827$23,299$7,761
22 years$56,567$44,688$34,961$27,119$20,884$6,520
23 years$53,535$41,796$32,281$24,698$18,747$5,481
24 years$50,760$39,160$29,854$22,526$16,850$4,610
25 years$48,211$36,750$27,651$20,572$15,162$3,880
26 years$45,862$34,539$25,645$18,810$13,658$3,267
27 years$43,691$32,505$23,813$17,217$12,314$2,752
28 years$41,678$30,629$22,138$15,775$11,111$2,318
29 years$39,808$28,895$20,601$14,466$10,033$1,954
30 years$38,065$27,288$19,189$13,276$9,065$1,647
31 years$36,438$25,797$17,889$12,193$8,196$1,388
32 years$34,916$24,409$16,691$11,206$7,414$1,171
33 years$33,489$23,116$15,585$10,305$6,709$987
34 years$32,149$21,908$14,561$9,481$6,075$833
35 years$30,888$20,780$13,614$8,728$5,502$702
36 years$29,700$19,723$12,735$8,038$4,985$592
37 years$28,579$18,732$11,920$7,406$4,518$500
38 years$27,519$17,802$11,163$6,826$4,096$422
39 years$26,516$16,928$10,458$6,294$3,714$356
40 years$25,566$16,106$9,802$5,806$3,369$300
41 years$24,664$15,331$9,192$5,356$3,057$253
42 years$23,808$14,601$8,622$4,943$2,774$214
43 years$22,993$13,912$8,091$4,563$2,517$180
44 years$22,218$13,261$7,594$4,213$2,285$152
45 years$21,480$12,645$7,131$3,891$2,074$128
46 years$20,775$12,063$6,698$3,594$1,883$108
47 years$20,103$11,512$6,292$3,321$1,710$91
48 years$19,460$10,990$5,913$3,068$1,553$77
49 years$18,846$10,495$5,558$2,836$1,410$65
50 years$18,258$10,025$5,225$2,621$1,281$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,700,000, adding $5,980 every year, while hoping to spend $46,321 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: 68/17/15 Blend
59$18,700,000$18,700,000$18,700,000$18,700,000
60$20,613,568$19,622,468$19,332,618$21,942,787
61$22,666,867$20,534,684$19,930,976$23,741,470
62$24,928,050$21,490,046$20,547,826$25,702,035
63$27,418,272$22,490,619$21,183,739$27,845,255
64$30,160,845$23,538,569$21,839,303$30,189,076
65$33,181,456$24,636,164$22,515,125$32,753,246
66$36,508,413$25,785,784$23,211,830$35,559,497
67$40,172,905$26,989,922$23,930,061$38,631,749
68$44,209,307$28,251,193$24,670,483$41,996,328
69$48,655,492$29,572,337$25,433,780$45,682,211
70$53,553,198$30,956,228$26,220,658$49,721,295
71$58,948,418$32,405,877$27,031,844$54,148,697
72$64,891,834$33,924,442$27,868,087$59,003,075
73$71,439,294$35,515,233$28,730,161$64,326,989
74$78,652,343$37,181,720$29,618,863$70,167,301
75$86,598,799$38,927,541$30,535,012$76,575,608
76$95,353,397$40,756,512$31,479,455$83,608,725
77$104,998,493$42,672,629$32,453,066$91,329,213
78$115,624,838$44,680,087$33,456,742$99,805,966
79$127,332,439$46,783,280$34,491,412$109,114,854
80$140,231,503$48,986,815$35,558,029$119,339,430
81$154,443,473$51,295,526$36,657,580$130,571,714
82$170,102,178$53,714,477$37,791,078$142,913,051
83$187,355,092$56,248,978$38,959,572$156,475,065
84$206,364,732$58,904,599$40,164,138$171,380,698
85$227,310,187$61,687,177$41,405,889$187,765,365
86$250,388,810$64,602,833$42,685,971$205,778,227
87$275,818,083$67,657,985$44,005,564$225,583,580
88$303,837,663$70,859,362$45,365,887$247,362,406
89$334,711,654$74,214,021$46,768,193$271,314,066
90$368,731,093$77,729,357$48,213,778$297,658,170
91$406,216,698$81,413,129$49,703,973$326,636,643
92$447,521,898$85,273,470$51,240,153$358,515,994
93$493,036,169$89,318,907$52,823,735$393,589,821
94$543,188,706$93,558,381$54,456,178$432,181,568
95$598,452,482$98,001,270$56,138,988$474,647,567
96$659,348,707$102,657,404$57,873,716$521,380,385
97$726,451,750$107,537,092$59,661,961$572,812,519
98$800,394,562$112,651,143$61,505,370$629,420,460
99$881,874,650$118,010,891$63,405,642$691,729,177
100$971,660,662$123,628,222$65,364,529$760,317,055