Can I retire at age 60 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,484,404
2 years$788,998$774,304$760,063$746,255$732,861$678,429
3 years$520,774$506,016$491,811$478,133$464,957$412,410
4 years$386,688$371,975$357,912$344,468$331,612$281,349
5 years$306,257$291,633$277,755$264,584$252,086$204,241
6 years$252,655$238,140$224,467$211,590$199,467$154,075
7 years$214,382$199,990$186,533$173,960$162,220$119,272
8 years$185,691$171,428$158,195$145,931$134,577$94,037
9 years$163,387$149,259$136,253$124,301$113,333$75,149
10 years$145,554$131,565$118,789$107,148$96,566$60,671
11 years$130,973$117,124$104,580$93,251$83,050$49,371
12 years$118,831$105,124$92,812$81,794$71,969$40,426
13 years$108,565$95,002$82,921$72,212$62,759$33,266
14 years$99,774$86,354$74,505$64,101$55,014$27,484
15 years$92,161$78,886$67,268$57,167$48,438$22,779
16 years$85,506$72,376$60,988$51,187$42,810$18,930
17 years$79,641$66,656$55,497$45,991$37,958$15,765
18 years$74,433$61,593$50,662$41,447$33,751$13,153
19 years$69,778$57,084$46,378$37,451$30,083$10,989
20 years$65,595$53,045$42,564$33,919$26,871$9,193
21 years$61,814$49,409$39,150$30,784$24,046$7,698
22 years$58,382$46,122$36,083$27,990$21,554$6,452
23 years$55,253$43,137$33,316$25,491$19,348$5,411
24 years$52,389$40,416$30,812$23,249$17,390$4,541
25 years$49,758$37,929$28,538$21,232$15,649$3,812
26 years$47,334$35,647$26,468$19,414$14,096$3,202
27 years$45,093$33,548$24,578$17,770$12,709$2,690
28 years$43,015$31,612$22,848$16,281$11,467$2,261
29 years$41,085$29,822$21,262$14,930$10,355$1,901
30 years$39,286$28,164$19,805$13,702$9,356$1,598
31 years$37,607$26,624$18,463$12,584$8,459$1,344
32 years$36,036$25,192$17,227$11,565$7,652$1,131
33 years$34,563$23,857$16,085$10,635$6,925$951
34 years$33,180$22,611$15,029$9,785$6,269$800
35 years$31,879$21,446$14,051$9,008$5,678$673
36 years$30,653$20,356$13,144$8,296$5,145$566
37 years$29,496$19,333$12,303$7,644$4,663$477
38 years$28,402$18,374$11,521$7,045$4,228$401
39 years$27,367$17,471$10,794$6,496$3,834$338
40 years$26,386$16,623$10,117$5,992$3,477$284
41 years$25,456$15,823$9,487$5,528$3,155$239
42 years$24,572$15,070$8,899$5,102$2,863$201
43 years$23,731$14,358$8,350$4,710$2,598$169
44 years$22,931$13,686$7,838$4,349$2,358$143
45 years$22,169$13,051$7,360$4,016$2,141$120
46 years$21,442$12,450$6,912$3,710$1,944$101
47 years$20,748$11,881$6,494$3,427$1,765$85
48 years$20,085$11,342$6,103$3,167$1,603$72
49 years$19,450$10,831$5,736$2,927$1,456$60
50 years$18,844$10,347$5,393$2,705$1,322$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,300,000, adding $2,678 every year, while hoping to spend $27,724 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: 54/21/25 Blend
59$19,300,000$19,300,000$19,300,000$19,300,000
60$21,271,362$20,248,462$19,949,312$22,272,896
61$23,411,543$21,211,139$20,588,116$23,925,973
62$25,769,093$22,220,057$21,247,391$25,721,567
63$28,366,155$23,277,454$21,927,793$27,675,830
64$31,227,128$24,385,675$22,629,999$29,803,973
65$34,378,901$25,547,179$23,354,710$32,122,721
66$37,851,103$26,764,545$24,102,647$34,650,458
67$41,676,384$28,040,476$24,874,554$37,407,403
68$45,890,725$29,377,809$25,671,201$40,415,790
69$50,533,774$30,779,517$26,493,382$43,700,074
70$55,649,223$32,248,718$27,341,914$47,287,153
71$61,285,220$33,788,681$28,217,644$51,206,617
72$67,494,821$35,402,835$29,121,444$55,491,022
73$74,336,495$37,094,775$30,054,214$60,176,183
74$81,874,671$38,868,273$31,016,884$65,301,514
75$90,180,351$40,727,282$32,010,413$70,910,385
76$99,331,775$42,675,947$33,035,790$77,050,523
77$109,415,165$44,718,618$34,094,038$83,774,461
78$120,525,535$46,859,853$35,186,211$91,140,015
79$132,767,588$49,104,434$36,313,398$99,210,828
80$146,256,707$51,457,376$37,476,722$108,056,956
81$161,120,041$53,923,937$38,677,342$117,755,521
82$177,497,707$56,509,632$39,916,454$128,391,429
83$195,544,113$59,220,244$41,195,295$140,058,156
84$215,429,414$62,061,837$42,515,139$152,858,626
85$237,341,119$65,040,772$43,877,301$166,906,162
86$261,485,862$68,163,719$45,283,140$182,325,547
87$288,091,352$71,437,673$46,734,057$199,254,191
88$317,408,520$74,869,969$48,231,498$217,843,406
89$349,713,892$78,468,301$49,776,957$238,259,830
90$385,312,199$82,240,737$51,371,974$260,686,976
91$424,539,248$86,195,739$53,018,141$285,326,953
92$467,765,101$90,342,179$54,717,097$312,402,354
93$515,397,560$94,689,365$56,470,539$342,158,344
94$567,886,023$99,247,056$58,280,214$374,864,952
95$625,725,724$104,025,488$60,147,928$410,819,604
96$689,462,407$109,035,396$62,075,543$450,349,906
97$759,697,480$114,288,038$64,064,981$493,816,722
98$837,093,693$119,795,222$66,118,228$541,617,555
99$922,381,393$125,569,330$68,237,331$594,190,276
100$1,016,365,418$131,623,351$70,424,405$652,017,238