Can I retire at age 60 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,530,124
2 years$801,262$786,339$771,877$757,855$744,253$711,355
3 years$528,869$513,882$499,455$485,565$472,185$440,222
4 years$392,699$377,757$363,476$349,822$336,766$305,985
5 years$311,018$296,166$282,072$268,697$256,004$226,492
6 years$256,582$241,842$227,956$214,879$202,567$174,356
7 years$217,714$203,099$189,433$176,664$164,742$137,836
8 years$188,577$174,093$160,654$148,199$136,669$111,061
9 years$165,926$151,579$138,371$126,233$115,095$90,767
10 years$147,817$133,610$120,635$108,814$98,067$74,995
11 years$133,009$118,945$106,205$94,701$84,341$62,495
12 years$120,678$106,759$94,254$83,065$73,088$52,435
13 years$110,253$96,479$84,210$73,334$63,734$44,239
14 years$101,324$87,696$75,663$65,098$55,869$37,494
15 years$93,593$80,112$68,314$58,056$49,191$31,896
16 years$86,835$73,501$61,936$51,983$43,475$27,218
17 years$80,879$67,692$56,360$46,706$38,548$23,288
18 years$75,590$62,550$51,449$42,092$34,275$19,969
19 years$70,863$57,971$47,099$38,033$30,550$17,154
20 years$66,614$53,870$43,225$34,446$27,288$14,760
21 years$62,775$50,177$39,759$31,262$24,420$12,717
22 years$59,290$46,839$36,644$28,425$21,889$10,970
23 years$56,112$43,807$33,834$25,887$19,649$9,472
24 years$53,204$41,045$31,291$23,610$17,661$8,185
25 years$50,532$38,518$28,982$21,562$15,892$7,078
26 years$48,070$36,201$26,879$19,715$14,315$6,125
27 years$45,794$34,069$24,960$18,046$12,906$5,303
28 years$43,684$32,103$23,203$16,534$11,645$4,594
29 years$41,724$30,286$21,592$15,162$10,516$3,980
30 years$39,897$28,602$20,113$13,915$9,501$3,450
31 years$38,192$27,038$18,750$12,780$8,590$2,992
32 years$36,596$25,584$17,494$11,745$7,770$2,595
33 years$35,101$24,228$16,335$10,800$7,032$2,251
34 years$33,696$22,963$15,262$9,937$6,367$1,953
35 years$32,375$21,780$14,269$9,148$5,767$1,695
36 years$31,129$20,672$13,348$8,425$5,225$1,471
37 years$29,954$19,634$12,494$7,763$4,736$1,277
38 years$28,843$18,659$11,700$7,155$4,293$1,109
39 years$27,792$17,743$10,962$6,597$3,893$963
40 years$26,796$16,881$10,274$6,085$3,531$836
41 years$25,851$16,069$9,634$5,614$3,204$726
42 years$24,954$15,304$9,037$5,181$2,907$631
43 years$24,100$14,581$8,480$4,783$2,638$548
44 years$23,288$13,899$7,960$4,416$2,395$476
45 years$22,513$13,254$7,474$4,078$2,174$413
46 years$21,775$12,644$7,020$3,767$1,974$359
47 years$21,070$12,066$6,595$3,481$1,792$312
48 years$20,397$11,519$6,198$3,216$1,628$271
49 years$19,753$11,000$5,825$2,972$1,478$235
50 years$19,136$10,507$5,477$2,747$1,343$204

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,600,000, adding $5,820 every year, while hoping to spend $43,964 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: 82/6/12 Blend
59$19,600,000$19,600,000$19,600,000$19,600,000
60$21,605,203$20,566,403$20,262,603$23,330,200
61$23,762,157$21,527,380$20,894,623$25,422,958
62$26,137,646$22,533,971$21,546,342$27,713,859
63$28,753,915$23,588,364$22,218,374$30,227,871
64$31,635,476$24,692,856$22,911,351$32,987,367
65$34,809,339$25,849,850$23,625,926$36,016,985
66$38,305,267$27,061,869$24,362,770$39,343,866
67$42,156,060$28,331,556$25,122,579$42,997,897
68$46,397,859$29,661,683$25,906,066$47,012,004
69$51,070,491$31,055,155$26,713,969$51,422,448
70$56,217,842$32,515,019$27,547,048$56,269,174
71$61,888,276$34,044,469$28,406,088$61,596,182
72$68,135,084$35,646,852$29,291,896$67,451,942
73$75,016,995$37,325,680$30,205,307$73,889,846
74$82,598,722$39,084,632$31,147,178$80,968,711
75$90,951,580$40,927,568$32,118,398$88,753,333
76$100,154,156$42,858,533$33,119,878$97,315,093
77$110,293,047$44,881,769$34,152,562$106,732,629
78$121,463,686$47,001,723$35,217,420$117,092,578
79$133,771,233$49,223,058$36,315,455$128,490,385
80$147,331,575$51,550,664$37,447,699$141,031,206
81$162,272,415$53,989,667$38,615,216$154,830,894
82$178,734,481$56,545,440$39,819,106$170,017,091
83$196,872,852$59,223,620$41,060,500$186,730,427
84$216,858,422$62,030,116$42,340,565$205,125,845
85$238,879,512$64,971,124$43,660,505$225,374,062
86$263,143,652$68,053,138$45,021,562$247,663,171
87$289,879,535$71,282,973$46,425,015$272,200,416
88$319,339,177$74,667,768$47,872,183$299,214,143
89$351,800,299$78,215,015$49,364,427$328,955,951
90$387,568,944$81,932,565$50,903,150$361,703,063
91$426,982,369$85,828,653$52,489,797$397,760,934
92$470,412,227$89,911,913$54,125,862$437,466,134
93$518,268,076$94,191,399$55,812,881$481,189,518
94$571,001,247$98,676,605$57,552,439$529,339,720
95$629,109,101$103,377,485$59,346,173$582,367,005
96$693,139,727$108,304,479$61,195,767$640,767,514
97$763,697,113$113,468,533$63,102,959$705,087,942
98$841,446,853$118,881,125$65,069,542$775,930,688
99$927,122,424$124,554,292$67,097,364$853,959,541
100$1,021,532,115$130,500,656$69,188,329$939,905,934