Can I retire at age 60 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,464,829
2 years$776,734$762,268$748,248$734,655$721,470$671,324
3 years$512,679$498,150$484,166$470,701$457,730$409,270
4 years$380,677$366,193$352,349$339,113$326,457$280,054
5 years$301,497$287,100$273,437$260,471$248,167$203,945
6 years$248,727$234,439$220,978$208,301$196,366$154,360
7 years$211,050$196,881$183,634$171,256$159,698$119,903
8 years$182,804$168,764$155,736$143,662$132,485$94,871
9 years$160,847$146,939$134,135$122,368$111,572$76,093
10 years$143,292$129,520$116,942$105,483$95,065$61,667
11 years$128,937$115,304$102,954$91,802$81,759$50,377
12 years$116,984$103,490$91,369$80,522$70,850$41,415
13 years$106,878$93,525$81,632$71,089$61,783$34,220
14 years$98,223$85,012$73,347$63,105$54,159$28,390
15 years$90,728$77,660$66,222$56,279$47,686$23,631
16 years$84,177$71,251$60,040$50,391$42,145$19,723
17 years$78,403$65,620$54,634$45,276$37,368$16,498
18 years$73,276$60,636$49,874$40,803$33,226$13,826
19 years$68,694$56,197$45,657$36,869$29,615$11,605
20 years$64,575$52,221$41,902$33,392$26,453$9,752
21 years$60,853$48,641$38,542$30,305$23,672$8,205
22 years$57,475$45,405$35,522$27,554$21,219$6,909
23 years$54,394$42,466$32,798$25,094$19,047$5,822
24 years$51,575$39,788$30,333$22,888$17,120$4,909
25 years$48,985$37,339$28,094$20,902$15,406$4,141
26 years$46,598$35,093$26,056$19,112$13,877$3,495
27 years$44,392$33,026$24,195$17,494$12,511$2,951
28 years$42,347$31,121$22,493$16,028$11,289$2,492
29 years$40,446$29,359$20,931$14,698$10,194$2,106
30 years$38,676$27,726$19,497$13,489$9,211$1,779
31 years$37,023$26,211$18,176$12,389$8,327$1,504
32 years$35,476$24,800$16,959$11,385$7,533$1,271
33 years$34,026$23,486$15,835$10,470$6,817$1,075
34 years$32,665$22,260$14,795$9,633$6,172$909
35 years$31,384$21,113$13,832$8,868$5,590$768
36 years$30,176$20,039$12,940$8,167$5,065$650
37 years$29,037$19,033$12,111$7,525$4,591$549
38 years$27,961$18,088$11,342$6,936$4,162$465
39 years$26,942$17,200$10,626$6,395$3,774$393
40 years$25,976$16,364$9,960$5,899$3,423$332
41 years$25,060$15,577$9,339$5,442$3,106$281
42 years$24,190$14,835$8,760$5,023$2,818$238
43 years$23,362$14,135$8,220$4,636$2,558$201
44 years$22,575$13,474$7,716$4,281$2,321$170
45 years$21,824$12,848$7,245$3,954$2,107$144
46 years$21,108$12,257$6,805$3,652$1,913$122
47 years$20,425$11,697$6,393$3,374$1,738$103
48 years$19,772$11,166$6,008$3,118$1,578$87
49 years$19,148$10,663$5,647$2,881$1,433$74
50 years$18,551$10,186$5,309$2,663$1,302$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,000,000, adding $2,078 every year, while hoping to spend $34,732 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: 79/8/13 Blend
59$19,000,000$19,000,000$19,000,000$19,000,000
60$20,940,143$19,933,143$19,638,643$22,541,219
61$23,039,084$20,872,913$20,259,583$24,534,280
62$25,350,951$21,857,567$20,900,161$26,715,746
63$27,897,429$22,889,268$21,560,997$29,108,133
64$30,702,409$23,970,285$22,242,732$31,732,515
65$33,792,219$25,102,993$22,946,028$34,612,104
66$37,195,872$26,289,886$23,671,567$37,772,457
67$40,945,338$27,533,578$24,420,052$41,241,722
68$45,075,848$28,836,809$25,192,209$45,050,896
69$49,626,223$30,202,451$25,988,786$49,234,119
70$54,639,245$31,633,518$26,810,558$53,828,992
71$60,162,056$33,133,169$27,658,320$58,876,930
72$66,246,607$34,704,715$28,532,894$64,423,546
73$72,950,144$36,351,629$29,435,129$70,519,086
74$80,335,753$38,077,554$30,365,901$77,218,893
75$88,472,952$39,886,306$31,326,111$84,583,930
76$97,438,349$41,781,890$32,316,691$92,681,352
77$107,316,362$43,768,505$33,338,602$101,585,133
78$118,200,021$45,850,551$34,392,835$111,376,765
79$130,191,841$48,032,646$35,480,412$122,146,022
80$143,404,792$50,319,629$36,602,389$133,991,800
81$157,963,365$52,716,575$37,759,854$147,023,053
82$174,004,749$55,228,808$38,953,930$161,359,809
83$191,680,121$57,861,907$40,185,774$177,134,307
84$211,156,078$60,621,725$41,456,582$194,492,233
85$232,616,207$63,514,398$42,767,586$213,594,097
86$256,262,818$66,546,362$44,120,059$234,616,735
87$282,318,856$69,724,365$45,515,312$257,754,983
88$311,030,003$73,055,483$46,954,698$283,223,501
89$342,666,998$76,547,135$48,439,615$311,258,800
90$377,528,192$80,207,105$49,971,502$342,121,467
91$415,942,367$84,043,552$51,551,846$376,098,615
92$458,271,835$88,065,034$53,182,180$413,506,592
93$504,915,865$92,280,523$54,864,086$454,693,958
94$556,314,445$96,699,431$56,599,195$500,044,769
95$612,952,442$101,331,625$58,389,191$549,982,192
96$675,364,172$106,187,456$60,235,810$604,972,497
97$744,138,452$111,277,776$62,140,844$665,529,447
98$819,924,154$116,613,967$64,106,142$732,219,139
99$903,436,330$122,207,963$66,133,610$805,665,344
100$995,462,965$128,072,283$68,225,215$886,555,379