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%13.2%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,180,196
2 years$613,211$601,790$590,722$579,991$569,581$553,563
3 years$404,746$393,277$382,236$371,606$361,366$345,751
4 years$300,535$289,100$278,170$267,721$257,729$242,639
5 years$238,024$226,658$215,871$205,635$195,922$181,400
6 years$196,364$185,083$174,456$164,448$155,026$141,090
7 years$166,618$155,433$144,974$135,202$126,078$112,732
8 years$144,319$133,234$122,949$113,418$104,594$91,838
9 years$126,984$116,005$105,896$96,607$88,083$75,910
10 years$113,125$102,252$92,323$83,276$75,051$63,453
11 years$101,793$91,029$81,280$72,475$64,546$53,512
12 years$92,356$81,703$72,133$63,570$55,935$45,452
13 years$84,377$73,836$64,446$56,123$48,776$38,831
14 years$77,544$67,114$57,905$49,820$42,757$33,334
15 years$71,628$61,310$52,281$44,430$37,646$28,730
16 years$66,456$56,251$47,400$39,783$33,272$24,846
17 years$61,897$51,805$43,132$35,744$29,501$21,548
18 years$57,849$47,870$39,374$32,213$26,231$18,733
19 years$54,232$44,366$36,045$29,107$23,380$16,320
20 years$50,980$41,227$33,081$26,362$20,884$14,243
21 years$48,042$38,401$30,428$23,925$18,689$12,449
22 years$45,375$35,846$28,044$21,754$16,752$10,896
23 years$42,943$33,526$25,894$19,811$15,037$9,548
24 years$40,717$31,412$23,947$18,069$13,516$8,374
25 years$38,672$29,478$22,180$16,502$12,162$7,352
26 years$36,788$27,705$20,571$15,088$10,955$6,459
27 years$35,046$26,074$19,102$13,811$9,877$5,678
28 years$33,432$24,569$17,757$12,654$8,912$4,995
29 years$31,931$23,178$16,525$11,604$8,048$4,396
30 years$30,534$21,889$15,392$10,649$7,272$3,871
31 years$29,228$20,693$14,350$9,780$6,574$3,410
32 years$28,007$19,579$13,389$8,989$5,947$3,004
33 years$26,863$18,542$12,501$8,266$5,382$2,648
34 years$25,788$17,574$11,680$7,605$4,873$2,335
35 years$24,776$16,668$10,920$7,001$4,413$2,059
36 years$23,823$15,821$10,216$6,448$3,999$1,816
37 years$22,924$15,026$9,562$5,941$3,624$1,602
38 years$22,074$14,280$8,954$5,476$3,286$1,413
39 years$21,270$13,579$8,389$5,049$2,980$1,247
40 years$20,507$12,919$7,863$4,657$2,703$1,101
41 years$19,784$12,298$7,373$4,297$2,452$972
42 years$19,097$11,712$6,916$3,965$2,225$858
43 years$18,444$11,159$6,490$3,660$2,019$757
44 years$17,822$10,637$6,092$3,380$1,833$669
45 years$17,230$10,143$5,720$3,121$1,664$590
46 years$16,665$9,676$5,372$2,883$1,511$521
47 years$16,125$9,234$5,047$2,664$1,372$460
48 years$15,610$8,815$4,743$2,461$1,246$406
49 years$15,117$8,418$4,458$2,275$1,131$359
50 years$14,645$8,041$4,191$2,103$1,028$317

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 $4,910 every year, while hoping to spend $27,009 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: 32/39/29 Blend
59$15,000,000$15,000,000$15,000,000$15,000,000
60$16,535,065$15,740,065$15,507,565$16,917,882
61$18,192,904$16,482,590$15,998,331$17,955,444
62$20,018,937$17,260,595$16,504,632$19,069,468
63$22,030,293$18,075,788$17,026,961$20,268,863
64$24,245,843$18,929,962$17,565,825$21,561,171
65$26,686,386$19,824,997$18,121,747$22,954,651
66$29,374,840$20,762,864$18,695,268$24,458,354
67$32,336,459$21,745,629$19,286,944$26,082,197
68$35,599,072$22,775,460$19,897,352$27,837,055
69$39,193,348$23,854,628$20,527,083$29,734,847
70$43,153,079$24,985,514$21,176,750$31,788,650
71$47,515,506$26,170,618$21,846,985$34,012,807
72$52,321,667$27,412,557$22,538,437$36,423,056
73$57,616,782$28,714,078$23,251,781$39,036,669
74$63,450,686$30,078,060$23,987,708$41,872,604
75$69,878,294$31,507,522$24,746,933$44,951,678
76$76,960,120$33,005,631$25,530,196$48,296,746
77$84,762,851$34,575,705$26,338,256$51,932,910
78$93,359,973$36,221,227$27,171,899$55,887,746
79$102,832,469$37,945,845$28,031,936$60,191,545
80$113,269,577$39,753,388$28,919,202$64,877,595
81$124,769,638$41,647,868$29,834,559$69,982,474
82$137,441,022$43,633,494$30,778,898$75,546,386
83$151,403,151$45,714,680$31,753,136$81,613,526
84$166,787,626$47,896,054$32,758,220$88,232,478
85$183,739,471$50,182,467$33,795,127$95,456,661
86$202,418,498$52,579,009$34,864,865$103,344,816
87$223,000,820$55,091,016$35,968,473$111,961,542
88$245,680,511$57,724,083$37,107,025$121,377,888
89$270,671,440$60,484,080$38,281,627$131,672,006
90$298,209,286$63,377,159$39,493,421$142,929,865
91$328,553,768$66,409,774$40,743,584$155,246,045
92$361,991,091$69,588,692$42,033,333$168,724,608
93$398,836,654$72,921,009$43,363,921$183,480,055
94$439,438,022$76,414,168$44,736,642$199,638,382
95$484,178,210$80,075,972$46,152,829$217,338,250
96$533,479,299$83,914,606$47,613,861$236,732,263
97$587,806,419$87,938,653$49,121,156$257,988,380
98$647,672,140$92,157,114$50,676,182$281,291,477
99$713,641,313$96,579,427$52,280,449$306,845,057
100$786,336,400$101,215,493$53,935,517$334,873,143