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%11%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,199,022
2 years$617,299$605,802$594,660$583,857$573,379$568,257
3 years$407,445$395,899$384,785$374,083$363,775$358,763
4 years$302,538$291,027$280,025$269,506$259,447$254,584
5 years$239,611$228,169$217,311$207,006$197,228$192,527
6 years$197,673$186,317$175,619$165,545$156,060$151,528
7 years$167,729$156,469$145,940$136,103$126,918$122,558
8 years$145,281$134,123$123,769$114,174$105,291$101,103
9 years$127,831$116,778$106,602$97,251$88,670$84,653
10 years$113,879$102,934$92,938$83,831$75,551$71,703
11 years$102,471$91,636$81,821$72,958$64,977$61,295
12 years$92,972$82,248$72,614$63,994$56,307$52,790
13 years$84,940$74,328$64,876$56,497$49,101$45,744
14 years$78,061$67,562$58,292$50,152$43,042$39,841
15 years$72,105$61,719$52,629$44,727$37,897$34,850
16 years$66,899$56,626$47,716$40,048$33,494$30,595
17 years$62,310$52,150$43,420$35,983$29,698$26,944
18 years$58,235$48,189$39,637$32,428$26,406$23,792
19 years$54,593$44,661$36,286$29,301$23,536$21,058
20 years$51,320$41,502$33,301$26,538$21,023$18,676
21 years$48,362$38,657$30,631$24,085$18,813$16,592
22 years$45,677$36,085$28,231$21,899$16,863$14,764
23 years$43,229$33,750$26,066$19,943$15,138$13,155
24 years$40,988$31,621$24,107$18,190$13,606$11,735
25 years$38,930$29,675$22,328$16,612$12,243$10,480
26 years$37,033$27,890$20,708$15,189$11,028$9,367
27 years$35,280$26,247$19,229$13,903$9,943$8,380
28 years$33,655$24,733$17,876$12,738$8,972$7,502
29 years$32,144$23,333$16,635$11,681$8,101$6,721
30 years$30,737$22,035$15,495$10,720$7,320$6,025
31 years$29,423$20,830$14,445$9,846$6,618$5,403
32 years$28,194$19,710$13,478$9,048$5,986$4,848
33 years$27,042$18,666$12,584$8,321$5,418$4,352
34 years$25,960$17,691$11,758$7,656$4,905$3,908
35 years$24,942$16,779$10,993$7,048$4,443$3,510
36 years$23,982$15,926$10,284$6,491$4,025$3,154
37 years$23,077$15,126$9,625$5,980$3,648$2,835
38 years$22,221$14,375$9,014$5,512$3,308$2,548
39 years$21,411$13,669$8,445$5,083$2,999$2,291
40 years$20,644$13,005$7,915$4,688$2,721$2,061
41 years$19,916$12,380$7,422$4,325$2,468$1,854
42 years$19,225$11,790$6,962$3,992$2,240$1,668
43 years$18,567$11,234$6,533$3,685$2,033$1,501
44 years$17,941$10,708$6,132$3,402$1,845$1,350
45 years$17,345$10,211$5,758$3,142$1,675$1,215
46 years$16,776$9,741$5,408$2,902$1,521$1,094
47 years$16,233$9,296$5,081$2,681$1,381$985
48 years$15,714$8,874$4,775$2,478$1,254$886
49 years$15,218$8,474$4,488$2,290$1,139$798
50 years$14,743$8,095$4,219$2,117$1,035$719

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 $4,858 every year, while hoping to spend $48,745 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: 50/23/27 Blend
59$15,100,000$15,100,000$15,100,000$15,100,000
60$16,645,211$15,844,911$15,610,861$17,350,188
61$18,291,158$16,569,447$16,081,961$18,567,428
62$20,103,358$17,327,852$16,567,208$19,884,453
63$22,098,718$18,121,734$17,067,026$21,315,028
64$24,295,865$18,952,777$17,581,850$22,869,945
65$26,715,329$19,822,749$18,112,128$24,561,067
66$29,379,729$20,733,500$18,658,320$26,401,432
67$32,313,989$21,686,969$19,220,902$28,405,375
68$35,545,577$22,685,191$19,800,363$30,588,656
69$39,104,756$23,730,296$20,397,205$32,968,607
70$43,024,878$24,824,517$21,011,948$35,564,288
71$47,342,692$25,970,195$21,645,126$38,396,660
72$52,098,696$27,169,784$22,297,287$41,488,784
73$57,337,514$28,425,855$22,968,997$44,866,026
74$63,108,322$29,741,103$23,660,839$48,556,295
75$69,465,306$31,118,353$24,373,413$52,590,298
76$76,468,181$32,560,566$25,107,336$57,001,822
77$84,182,748$34,070,846$25,863,245$61,828,052
78$92,681,518$35,652,446$26,641,792$67,109,907
79$102,044,393$37,308,777$27,443,653$72,892,428
80$112,359,428$39,043,413$28,269,522$79,225,185
81$123,723,650$40,860,102$29,120,112$86,162,747
82$136,243,985$42,762,770$29,996,158$93,765,182
83$150,038,261$44,755,535$30,898,419$102,098,617
84$165,236,321$46,842,713$31,827,674$111,235,856
85$181,981,250$49,028,830$32,784,724$121,257,053
86$200,430,721$51,318,626$33,770,396$132,250,464
87$220,758,492$53,717,076$34,785,541$144,313,263
88$243,156,035$56,229,390$35,831,035$157,552,457
89$267,834,354$58,861,034$36,907,778$172,085,876
90$295,025,968$61,617,734$38,016,698$188,043,281
91$324,987,111$64,505,497$39,158,752$205,567,572
92$358,000,148$67,530,618$40,334,921$224,816,126
93$394,376,242$70,699,697$41,546,220$245,962,268
94$434,458,289$74,019,653$42,793,689$269,196,897
95$478,624,160$77,497,741$44,078,403$294,730,267
96$527,290,259$81,141,566$45,401,464$322,793,962
97$580,915,464$84,959,100$46,764,011$353,643,063
98$640,005,449$88,958,704$48,167,214$387,558,542
99$705,117,466$93,149,142$49,612,277$424,849,895
100$776,865,600$97,539,603$51,100,441$465,858,046