Can I retire at age 60 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,518,035
2 years$809,438$794,363$779,753$765,588$751,848$691,273
3 years$534,265$519,125$504,552$490,519$477,003$418,605
4 years$396,706$381,612$367,185$353,392$340,203$284,426
5 years$314,192$299,188$284,950$271,439$258,617$205,604
6 years$259,200$244,310$230,282$217,072$204,634$154,422
7 years$219,936$205,171$191,366$178,467$166,423$118,995
8 years$190,501$175,869$162,293$149,711$138,064$93,374
9 years$167,619$153,126$139,783$127,521$116,270$74,253
10 years$149,325$134,973$121,866$109,924$99,067$59,645
11 years$134,366$120,159$107,289$95,667$85,201$48,284
12 years$121,910$107,848$95,216$83,913$73,834$39,326
13 years$111,378$97,463$85,069$74,082$64,384$32,184
14 years$102,358$88,591$76,435$65,762$56,439$26,441
15 years$94,548$80,930$69,011$58,648$49,693$21,790
16 years$87,721$74,251$62,569$52,513$43,919$18,003
17 years$81,704$68,383$56,935$47,183$38,942$14,905
18 years$76,361$63,189$51,974$42,521$34,625$12,361
19 years$71,586$58,563$47,580$38,421$30,862$10,265
20 years$67,294$54,419$43,666$34,798$27,567$8,535
21 years$63,416$50,689$40,165$31,581$24,669$7,103
22 years$59,895$47,317$37,018$28,715$22,112$5,916
23 years$56,685$44,254$34,179$26,151$19,849$4,930
24 years$53,746$41,463$31,610$23,851$17,841$4,111
25 years$51,047$38,911$29,277$21,782$16,054$3,430
26 years$48,560$36,570$27,153$19,917$14,461$2,862
27 years$46,261$34,417$25,214$18,230$13,038$2,389
28 years$44,130$32,431$23,440$16,703$11,764$1,995
29 years$42,149$30,595$21,813$15,317$10,623$1,666
30 years$40,304$28,894$20,318$14,057$9,598$1,392
31 years$38,582$27,314$18,942$12,910$8,678$1,163
32 years$36,970$25,845$17,673$11,865$7,850$972
33 years$35,459$24,475$16,501$10,911$7,104$812
34 years$34,040$23,197$15,418$10,039$6,432$679
35 years$32,705$22,002$14,415$9,241$5,826$567
36 years$31,447$20,883$13,485$8,511$5,278$474
37 years$30,260$19,834$12,621$7,842$4,784$396
38 years$29,138$18,850$11,819$7,228$4,337$331
39 years$28,076$17,924$11,073$6,664$3,933$277
40 years$27,070$17,053$10,379$6,147$3,567$232
41 years$26,115$16,233$9,732$5,671$3,236$194
42 years$25,208$15,460$9,129$5,234$2,937$162
43 years$24,346$14,730$8,567$4,832$2,665$135
44 years$23,525$14,041$8,041$4,461$2,419$113
45 years$22,743$13,389$7,550$4,120$2,196$95
46 years$21,997$12,773$7,092$3,806$1,994$79
47 years$21,285$12,189$6,662$3,516$1,811$66
48 years$20,605$11,636$6,261$3,249$1,644$55
49 years$19,954$11,112$5,885$3,003$1,493$46
50 years$19,332$10,615$5,533$2,775$1,357$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $19,800,000, adding $2,976 every year, while hoping to spend $50,188 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: 63/14/23 Blend
59$19,800,000$19,800,000$19,800,000$19,800,000
60$21,822,670$20,773,270$20,466,370$23,066,086
61$23,995,182$21,737,760$21,098,593$24,870,753
62$26,387,609$22,747,829$21,750,315$26,835,108
63$29,022,329$23,805,656$22,422,133$28,979,472
64$31,924,000$24,913,526$23,114,668$31,321,448
65$35,119,795$26,073,836$23,828,557$33,880,405
66$38,639,657$27,289,097$24,564,457$36,677,655
67$42,516,581$28,561,942$25,323,045$39,736,653
68$46,786,925$29,895,130$26,105,020$43,083,213
69$51,490,754$31,291,554$26,911,101$46,745,746
70$56,672,218$32,754,247$27,742,030$50,755,527
71$62,379,968$34,286,389$28,598,571$55,146,979
72$68,667,614$35,891,312$29,481,513$59,957,999
73$75,594,234$37,572,509$30,391,667$65,230,310
74$83,224,929$39,333,646$31,329,871$71,009,845
75$91,631,438$41,178,560$32,296,987$77,347,179
76$100,892,814$43,111,278$33,293,906$84,297,998
77$111,096,171$45,136,022$34,321,542$91,923,620
78$122,337,509$47,257,215$35,380,841$100,291,568
79$134,722,612$49,479,496$36,472,778$109,476,197
80$148,368,057$51,807,730$37,598,354$119,559,395
81$163,402,305$54,247,014$38,758,605$130,631,342
82$179,966,918$56,802,696$39,954,596$142,791,357
83$198,217,896$59,480,380$41,187,427$156,148,830
84$218,327,145$62,285,943$42,458,230$170,824,241
85$240,484,105$65,225,545$43,768,172$186,950,293
86$264,897,534$68,305,648$45,118,456$204,673,152
87$291,797,481$71,533,022$46,510,323$224,153,823
88$321,437,455$74,914,771$47,945,049$245,569,653
89$354,096,819$78,458,339$49,423,952$269,116,001
90$390,083,431$82,171,534$50,948,391$295,008,068
91$429,736,542$86,062,540$52,519,763$323,482,919
92$473,430,005$90,139,940$54,139,511$354,801,708
93$521,575,802$94,412,734$55,809,121$389,252,133
94$574,627,933$98,890,356$57,530,125$427,151,138
95$633,086,699$103,582,702$59,304,102$468,847,891
96$697,503,432$108,500,143$61,132,679$514,727,070
97$768,485,691$113,653,559$63,017,532$565,212,475
98$846,703,002$119,054,355$64,960,391$620,771,019
99$932,893,181$124,714,490$66,963,036$681,917,117
100$1,027,869,291$130,646,506$69,027,304$749,217,524