Can I retire at age 60 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,172,134
2 years$617,299$605,802$594,660$583,857$573,379$541,401
3 years$407,445$395,899$384,785$374,083$363,775$332,782
4 years$302,538$291,027$280,025$269,506$259,447$229,677
5 years$239,611$228,169$217,311$207,006$197,228$168,763
6 years$197,673$186,317$175,619$165,545$156,060$128,927
7 years$167,729$156,469$145,940$136,103$126,918$101,120
8 years$145,281$134,123$123,769$114,174$105,291$80,814
9 years$127,831$116,778$106,602$97,251$88,670$65,492
10 years$113,879$102,934$92,938$83,831$75,551$53,644
11 years$102,471$91,636$81,821$72,958$64,977$44,306
12 years$92,972$82,248$72,614$63,994$56,307$36,835
13 years$84,940$74,328$64,876$56,497$49,101$30,788
14 years$78,061$67,562$58,292$50,152$43,042$25,845
15 years$72,105$61,719$52,629$44,727$37,897$21,772
16 years$66,899$56,626$47,716$40,048$33,494$18,395
17 years$62,310$52,150$43,420$35,983$29,698$15,580
18 years$58,235$48,189$39,637$32,428$26,406$13,223
19 years$54,593$44,661$36,286$29,301$23,536$11,241
20 years$51,320$41,502$33,301$26,538$21,023$9,570
21 years$48,362$38,657$30,631$24,085$18,813$8,158
22 years$45,677$36,085$28,231$21,899$16,863$6,961
23 years$43,229$33,750$26,066$19,943$15,138$5,944
24 years$40,988$31,621$24,107$18,190$13,606$5,080
25 years$38,930$29,675$22,328$16,612$12,243$4,345
26 years$37,033$27,890$20,708$15,189$11,028$3,718
27 years$35,280$26,247$19,229$13,903$9,943$3,182
28 years$33,655$24,733$17,876$12,738$8,972$2,725
29 years$32,144$23,333$16,635$11,681$8,101$2,335
30 years$30,737$22,035$15,495$10,720$7,320$2,001
31 years$29,423$20,830$14,445$9,846$6,618$1,715
32 years$28,194$19,710$13,478$9,048$5,986$1,470
33 years$27,042$18,666$12,584$8,321$5,418$1,260
34 years$25,960$17,691$11,758$7,656$4,905$1,081
35 years$24,942$16,779$10,993$7,048$4,443$927
36 years$23,982$15,926$10,284$6,491$4,025$795
37 years$23,077$15,126$9,625$5,980$3,648$682
38 years$22,221$14,375$9,014$5,512$3,308$585
39 years$21,411$13,669$8,445$5,083$2,999$502
40 years$20,644$13,005$7,915$4,688$2,721$431
41 years$19,916$12,380$7,422$4,325$2,468$370
42 years$19,225$11,790$6,962$3,992$2,240$317
43 years$18,567$11,234$6,533$3,685$2,033$272
44 years$17,941$10,708$6,132$3,402$1,845$234
45 years$17,345$10,211$5,758$3,142$1,675$201
46 years$16,776$9,741$5,408$2,902$1,521$172
47 years$16,233$9,296$5,081$2,681$1,381$148
48 years$15,714$8,874$4,775$2,478$1,254$127
49 years$15,218$8,474$4,488$2,290$1,139$109
50 years$14,743$8,095$4,219$2,117$1,035$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,100,000, adding $2,468 every year, while hoping to spend $53,295 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: 58/16/26 Blend
59$15,100,000$15,100,000$15,100,000$15,100,000
60$16,642,746$15,842,446$15,608,396$17,490,313
61$18,283,600$16,562,020$16,074,572$18,789,607
62$20,090,036$17,315,067$16,554,578$20,199,717
63$22,078,885$18,103,172$17,048,822$21,736,134
64$24,268,697$18,927,992$17,557,723$23,411,102
65$26,679,909$19,791,269$18,081,712$25,238,094
66$29,335,042$20,694,824$18,621,232$27,231,929
67$32,258,914$21,640,567$19,176,740$29,408,913
68$35,478,868$22,630,500$19,748,706$31,786,985
69$39,025,039$23,666,721$20,337,614$34,385,889
70$42,930,630$24,751,427$20,943,961$37,227,348
71$47,232,229$25,886,922$21,568,259$40,335,274
72$51,970,156$27,075,621$22,211,035$43,735,983
73$57,188,840$28,320,054$22,872,832$47,458,444
74$62,937,237$29,622,872$23,554,208$51,534,544
75$69,269,298$30,986,855$24,255,736$55,999,385
76$76,244,471$32,414,916$24,978,008$60,891,613
77$83,928,268$33,910,108$25,721,633$66,253,776
78$92,392,878$35,475,630$26,487,234$72,132,720
79$101,717,852$37,114,837$27,275,457$78,580,028
80$111,990,852$38,831,243$28,086,964$85,652,496
81$123,308,478$40,628,533$28,922,436$93,412,671
82$135,777,181$42,510,568$29,782,575$101,929,427
83$149,514,265$44,481,398$30,668,103$111,278,615
84$164,648,997$46,545,264$31,579,762$121,543,769
85$181,323,827$48,706,614$32,518,317$132,816,890
86$199,695,730$50,970,111$33,484,553$145,199,302
87$219,937,688$53,340,640$34,479,279$158,802,609
88$242,240,326$55,823,324$35,503,328$173,749,731
89$266,813,705$58,423,533$36,557,556$190,176,065
90$293,889,313$61,146,896$37,642,843$208,230,750
91$323,722,242$63,999,313$38,760,098$228,078,064
92$356,593,600$66,986,969$39,910,251$249,898,970
93$392,813,165$70,116,349$41,094,262$273,892,812
94$432,722,307$73,394,249$42,313,119$300,279,186
95$476,697,211$76,827,795$43,567,837$329,300,003
96$525,152,427$80,424,458$44,859,460$361,221,764
97$578,544,787$84,192,069$46,189,064$396,338,058
98$637,377,712$88,138,837$47,557,755$434,972,330
99$702,205,968$92,273,370$48,966,669$477,480,914
100$773,640,902$96,604,690$50,416,977$524,256,387