Can I retire at age 60 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,155,061
2 years$613,211$601,790$590,722$579,991$569,581$528,632
3 years$404,746$393,277$382,236$371,606$361,366$321,813
4 years$300,535$289,100$278,170$267,721$257,729$219,876
5 years$238,024$226,658$215,871$205,635$195,922$159,868
6 years$196,364$185,083$174,456$164,448$155,026$120,801
7 years$166,618$155,433$144,974$135,202$126,078$93,674
8 years$144,319$133,234$122,949$113,418$104,594$73,986
9 years$126,984$116,005$105,896$96,607$88,083$59,234
10 years$113,125$102,252$92,323$83,276$75,051$47,913
11 years$101,793$91,029$81,280$72,475$64,546$39,065
12 years$92,356$81,703$72,133$63,570$55,935$32,052
13 years$84,377$73,836$64,446$56,123$48,776$26,429
14 years$77,544$67,114$57,905$49,820$42,757$21,880
15 years$71,628$61,310$52,281$44,430$37,646$18,174
16 years$66,456$56,251$47,400$39,783$33,272$15,136
17 years$61,897$51,805$43,132$35,744$29,501$12,633
18 years$57,849$47,870$39,374$32,213$26,231$10,563
19 years$54,232$44,366$36,045$29,107$23,380$8,846
20 years$50,980$41,227$33,081$26,362$20,884$7,417
21 years$48,042$38,401$30,428$23,925$18,689$6,225
22 years$45,375$35,846$28,044$21,754$16,752$5,230
23 years$42,943$33,526$25,894$19,811$15,037$4,396
24 years$40,717$31,412$23,947$18,069$13,516$3,698
25 years$38,672$29,478$22,180$16,502$12,162$3,112
26 years$36,788$27,705$20,571$15,088$10,955$2,621
27 years$35,046$26,074$19,102$13,811$9,877$2,207
28 years$33,432$24,569$17,757$12,654$8,912$1,860
29 years$31,931$23,178$16,525$11,604$8,048$1,567
30 years$30,534$21,889$15,392$10,649$7,272$1,321
31 years$29,228$20,693$14,350$9,780$6,574$1,114
32 years$28,007$19,579$13,389$8,989$5,947$939
33 years$26,863$18,542$12,501$8,266$5,382$792
34 years$25,788$17,574$11,680$7,605$4,873$668
35 years$24,776$16,668$10,920$7,001$4,413$563
36 years$23,823$15,821$10,216$6,448$3,999$475
37 years$22,924$15,026$9,562$5,941$3,624$401
38 years$22,074$14,280$8,954$5,476$3,286$338
39 years$21,270$13,579$8,389$5,049$2,980$285
40 years$20,507$12,919$7,863$4,657$2,703$241
41 years$19,784$12,298$7,373$4,297$2,452$203
42 years$19,097$11,712$6,916$3,965$2,225$171
43 years$18,444$11,159$6,490$3,660$2,019$145
44 years$17,822$10,637$6,092$3,380$1,833$122
45 years$17,230$10,143$5,720$3,121$1,664$103
46 years$16,665$9,676$5,372$2,883$1,511$87
47 years$16,125$9,234$5,047$2,664$1,372$73
48 years$15,610$8,815$4,743$2,461$1,246$62
49 years$15,117$8,418$4,458$2,275$1,131$52
50 years$14,645$8,041$4,191$2,103$1,028$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,000,000, adding $6,312 every year, while hoping to spend $50,663 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: 58/17/25 Blend
59$15,000,000$15,000,000$15,000,000$15,000,000
60$16,536,511$15,741,511$15,509,011$17,383,307
61$18,169,330$16,458,940$15,974,658$18,679,773
62$19,966,998$17,209,825$16,454,206$20,086,709
63$21,946,278$17,995,752$16,948,067$21,619,673
64$24,125,637$18,818,382$17,456,666$23,290,879
65$26,525,427$19,679,458$17,980,440$25,113,755
66$29,168,074$20,580,805$18,519,837$27,103,079
67$32,078,287$21,524,334$19,075,322$29,275,105
68$35,283,297$22,512,051$19,647,370$31,647,717
69$38,813,109$23,546,057$20,236,472$34,240,594
70$42,700,785$24,628,553$20,843,133$37,075,394
71$46,982,759$25,761,846$21,467,872$40,175,948
72$51,699,179$26,948,355$22,111,224$43,568,487
73$56,894,286$28,190,615$22,773,741$47,281,883
74$62,616,830$29,491,282$23,455,988$51,347,914
75$68,920,532$30,853,140$24,158,549$55,801,566
76$75,864,590$32,279,108$24,882,025$60,681,350
77$83,514,239$33,772,245$25,627,033$66,029,667
78$91,941,363$35,335,757$26,394,210$71,893,200
79$101,225,177$36,973,003$27,184,211$78,323,347
80$111,452,972$38,687,508$27,997,709$85,376,705
81$122,720,941$40,482,962$28,835,398$93,115,594
82$135,135,086$42,363,236$29,697,993$101,608,640
83$148,812,217$44,332,387$30,586,228$110,931,419
84$163,881,056$46,394,666$31,500,859$121,167,157
85$180,483,451$48,554,532$32,442,665$132,407,515
86$198,775,716$50,816,657$33,412,448$144,753,442
87$218,930,105$53,185,940$34,411,031$158,316,124
88$241,136,439$55,667,514$35,439,263$173,218,021
89$265,603,895$58,266,762$36,498,019$189,594,019
90$292,562,986$60,989,327$37,588,196$207,592,688
91$322,267,731$63,841,123$38,710,720$227,377,682
92$354,998,053$66,828,352$39,866,543$249,129,270
93$391,062,428$69,957,515$41,056,645$273,046,028
94$430,800,787$73,235,425$42,282,035$299,346,706
95$474,587,735$76,669,228$43,543,750$328,272,275
96$522,836,076$80,266,413$44,842,859$360,088,198
97$576,000,721$84,034,832$46,180,460$395,086,919
98$634,582,974$87,982,718$47,557,684$433,590,612
99$699,135,267$92,118,701$48,975,696$475,954,210
100$770,266,376$96,451,829$50,435,694$522,568,742