Can I retire at age 60 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,505,312
2 years$793,086$778,316$764,001$750,121$736,659$694,973
3 years$523,472$508,638$494,359$480,610$467,367$426,972
4 years$388,691$373,903$359,767$346,252$333,330$294,536
5 years$307,844$293,144$279,194$265,955$253,392$216,306
6 years$253,964$239,374$225,630$212,686$200,500$165,157
7 years$215,493$201,026$187,500$174,861$163,061$129,462
8 years$186,653$172,317$159,015$146,687$135,274$103,404
9 years$164,233$150,033$136,959$124,945$113,921$83,749
10 years$146,308$132,246$119,404$107,703$97,066$68,555
11 years$131,652$117,731$105,121$93,734$83,480$56,585
12 years$119,447$105,669$93,293$82,218$72,342$47,013
13 years$109,128$95,494$83,351$72,586$63,084$39,268
14 years$100,290$86,801$74,891$64,434$55,299$32,941
15 years$92,638$79,295$67,617$57,463$48,689$27,731
16 years$85,949$72,751$61,304$51,452$43,032$23,413
17 years$80,053$67,001$55,784$46,229$38,155$19,815
18 years$74,818$61,912$50,924$41,662$33,926$16,805
19 years$70,140$57,380$46,619$37,645$30,239$14,275
20 years$65,934$53,320$42,784$34,095$27,010$12,144
21 years$62,135$49,665$39,353$30,943$24,171$10,344
22 years$58,685$46,361$36,270$28,135$21,666$8,819
23 years$55,539$43,360$33,489$25,623$19,448$7,526
24 years$52,661$40,626$30,972$23,369$17,481$6,427
25 years$50,016$38,125$28,686$21,342$15,730$5,492
26 years$47,579$35,832$26,605$19,514$14,169$4,695
27 years$45,326$33,722$24,705$17,862$12,774$4,016
28 years$43,238$31,776$22,966$16,365$11,527$3,436
29 years$41,298$29,977$21,372$15,007$10,408$2,941
30 years$39,490$28,310$19,907$13,773$9,404$2,518
31 years$37,802$26,762$18,559$12,649$8,503$2,157
32 years$36,223$25,323$17,316$11,625$7,691$1,847
33 years$34,743$23,981$16,168$10,690$6,961$1,583
34 years$33,352$22,728$15,106$9,836$6,302$1,356
35 years$32,044$21,558$14,123$9,055$5,708$1,162
36 years$30,812$20,461$13,212$8,339$5,172$996
37 years$29,648$19,434$12,366$7,683$4,687$854
38 years$28,549$18,469$11,581$7,082$4,249$732
39 years$27,509$17,562$10,850$6,530$3,854$627
40 years$26,523$16,709$10,169$6,023$3,495$538
41 years$25,587$15,905$9,536$5,557$3,171$461
42 years$24,699$15,148$8,945$5,128$2,877$395
43 years$23,854$14,433$8,393$4,734$2,611$339
44 years$23,050$13,757$7,879$4,371$2,370$291
45 years$22,284$13,119$7,398$4,037$2,152$249
46 years$21,553$12,515$6,948$3,729$1,954$214
47 years$20,855$11,943$6,528$3,445$1,774$183
48 years$20,189$11,401$6,134$3,183$1,611$157
49 years$19,551$10,887$5,766$2,942$1,463$135
50 years$18,941$10,400$5,421$2,719$1,329$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,400,000, adding $2,816 every year, while hoping to spend $21,101 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: 24/47/29 Blend
59$19,400,000$19,400,000$19,400,000$19,400,000
60$21,381,705$20,353,505$20,052,805$21,699,882
61$23,540,187$21,328,375$20,702,122$22,947,459
62$25,918,128$22,350,307$21,372,485$24,281,178
63$28,537,889$23,421,584$22,064,575$25,709,696
64$31,424,113$24,544,601$22,779,098$27,240,922
65$34,603,956$25,721,870$23,516,781$28,883,494
66$38,107,342$26,956,024$24,278,376$30,646,852
67$41,967,248$28,249,826$25,064,658$32,541,311
68$46,220,012$29,606,173$25,876,430$34,578,151
69$50,905,680$31,028,102$26,714,516$36,769,707
70$56,068,379$32,518,799$27,579,772$39,129,478
71$61,756,739$34,081,605$28,473,080$41,672,237
72$68,024,347$35,720,024$29,395,349$44,414,157
73$74,930,256$37,437,731$30,347,519$47,372,949
74$82,539,542$39,238,580$31,330,561$50,568,017
75$90,923,917$41,126,612$32,345,476$54,020,618
76$100,162,406$43,106,065$33,393,299$57,754,055
77$110,342,095$45,181,386$34,475,098$61,793,870
78$121,558,951$47,357,236$35,591,976$66,168,075
79$133,918,727$49,638,504$36,745,071$70,907,391
80$147,537,965$52,030,319$37,935,558$76,045,521
81$162,545,091$54,538,057$39,164,652$81,619,447
82$179,081,628$57,167,360$40,433,606$87,669,755
83$197,303,535$59,924,142$41,743,713$94,240,998
84$217,382,678$62,814,607$43,096,310$101,382,089
85$239,508,450$65,845,262$44,492,775$109,146,741
86$263,889,562$69,022,930$45,934,533$117,593,945
87$290,756,012$72,354,768$47,423,055$126,788,500
88$320,361,256$75,848,282$48,959,858$136,801,596
89$352,984,601$79,511,345$50,546,510$147,711,455
90$388,933,842$83,352,212$52,184,629$159,604,038
91$428,548,167$87,379,544$53,875,888$172,573,825
92$472,201,360$91,602,421$55,622,010$186,724,668
93$520,305,328$96,030,370$57,424,777$202,170,740
94$573,313,994$100,673,380$59,286,029$219,037,569
95$631,727,576$105,541,930$61,207,665$237,463,190
96$696,097,312$110,647,009$63,191,646$257,599,400
97$767,030,668$116,000,142$65,239,996$279,613,151
98$845,197,066$121,613,419$67,354,806$303,688,077
99$931,334,209$127,499,519$69,538,234$330,026,186
100$1,026,255,043$133,671,739$71,792,509$358,849,710