Can I retire at age 60 with 15,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,180,374
2 years$621,387$609,814$598,598$587,724$577,176$545,459
3 years$410,143$398,520$387,333$376,560$366,184$335,439
4 years$304,542$292,955$281,879$271,291$261,166$231,628
5 years$241,198$229,680$218,750$208,377$198,534$170,285
6 years$198,982$187,551$176,782$166,641$157,093$130,161
7 years$168,840$157,505$146,907$137,005$127,759$102,146
8 years$146,243$135,011$124,589$114,930$105,988$81,681
9 years$128,678$117,551$107,308$97,895$89,257$66,235
10 years$114,633$103,616$93,554$84,386$76,052$54,286
11 years$103,150$92,243$82,363$73,441$65,407$44,865
12 years$93,587$82,792$73,095$64,418$56,680$37,325
13 years$85,502$74,820$65,306$56,871$49,426$31,218
14 years$78,578$68,009$58,678$50,484$43,327$26,224
15 years$72,583$62,128$52,978$45,023$38,148$22,107
16 years$67,342$57,001$48,032$40,313$33,716$18,692
17 years$62,722$52,496$43,707$36,221$29,895$15,843
18 years$58,621$48,509$39,899$32,642$26,581$13,455
19 years$54,955$44,957$36,526$29,495$23,692$11,447
20 years$51,660$41,776$33,522$26,714$21,162$9,753
21 years$48,683$38,913$30,833$24,244$18,938$8,320
22 years$45,980$36,324$28,418$22,044$16,975$7,105
23 years$43,515$33,973$26,239$20,076$15,238$6,072
24 years$41,260$31,831$24,266$18,310$13,696$5,194
25 years$39,188$29,871$22,476$16,722$12,324$4,445
26 years$37,279$28,074$20,845$15,290$11,101$3,807
27 years$35,514$26,421$19,356$13,995$10,009$3,261
28 years$33,877$24,897$17,994$12,822$9,031$2,795
29 years$32,357$23,487$16,745$11,758$8,155$2,396
30 years$30,941$22,181$15,598$10,791$7,368$2,055
31 years$29,618$20,968$14,541$9,911$6,662$1,763
32 years$28,381$19,840$13,567$9,108$6,026$1,513
33 years$27,221$18,789$12,668$8,376$5,454$1,298
34 years$26,132$17,808$11,836$7,707$4,938$1,114
35 years$25,107$16,890$11,066$7,094$4,472$956
36 years$24,141$16,032$10,352$6,534$4,052$821
37 years$23,230$15,226$9,689$6,020$3,672$705
38 years$22,368$14,470$9,073$5,549$3,329$605
39 years$21,553$13,760$8,501$5,116$3,019$520
40 years$20,781$13,091$7,968$4,719$2,739$446
41 years$20,048$12,462$7,471$4,354$2,485$383
42 years$19,352$11,868$7,008$4,018$2,254$329
43 years$18,690$11,308$6,576$3,709$2,046$283
44 years$18,060$10,779$6,173$3,425$1,857$243
45 years$17,459$10,279$5,796$3,163$1,686$209
46 years$16,887$9,805$5,444$2,922$1,531$179
47 years$16,340$9,357$5,115$2,699$1,390$154
48 years$15,818$8,933$4,806$2,494$1,262$132
49 years$15,318$8,530$4,518$2,305$1,147$114
50 years$14,841$8,149$4,247$2,131$1,041$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,200,000, adding $6,744 every year, while hoping to spend $34,611 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: 56/37/7 Blend
59$15,200,000$15,200,000$15,200,000$15,200,000
60$16,757,356$15,951,756$15,716,156$17,669,101
61$18,429,781$16,696,567$16,205,822$19,029,093
62$20,271,633$17,476,713$16,710,731$20,505,152
63$22,300,157$18,293,889$17,231,358$22,111,923
64$24,534,356$19,149,873$17,768,192$23,861,858
65$26,995,171$20,046,527$18,321,737$25,768,639
66$29,705,675$20,985,804$18,892,512$27,847,302
67$32,691,297$21,969,751$19,481,053$30,114,371
68$35,980,054$23,000,514$20,087,914$32,588,011
69$39,602,823$24,080,343$20,713,663$35,288,190
70$43,593,628$25,211,597$21,358,888$38,236,863
71$47,989,962$26,396,748$22,024,194$41,458,172
72$52,833,140$27,638,391$22,710,206$44,978,665
73$58,168,691$28,939,242$23,417,569$48,827,540
74$64,046,784$30,302,152$24,146,944$53,036,913
75$70,522,707$31,730,109$24,899,018$57,642,111
76$77,657,384$33,226,245$25,674,495$62,681,999
77$85,517,950$34,793,844$26,474,104$68,199,335
78$94,178,389$36,436,350$27,298,595$74,241,166
79$103,720,228$38,157,374$28,148,740$80,859,263
80$114,233,306$39,960,701$29,025,338$88,110,594
81$125,816,627$41,850,299$29,929,211$96,057,856
82$138,579,291$43,830,331$30,861,207$104,770,053
83$152,641,521$45,905,159$31,822,200$114,323,135
84$168,135,803$48,079,359$32,813,091$124,800,703
85$185,208,135$50,357,728$33,834,809$136,294,783
86$204,019,402$52,745,295$34,888,313$148,906,685
87$224,746,901$55,247,333$35,974,591$162,747,937
88$247,586,006$57,869,374$37,094,661$177,941,331
89$272,752,019$60,617,214$38,249,573$194,622,061
90$300,482,202$63,496,934$39,440,411$212,938,982
91$331,038,012$66,514,909$40,668,290$233,056,003
92$364,707,573$69,677,824$41,934,361$255,153,606
93$401,808,396$72,992,687$43,239,812$279,430,542
94$442,690,372$76,466,849$44,585,866$306,105,677
95$487,739,083$80,108,017$45,973,785$335,420,043
96$537,379,432$83,924,273$47,404,870$367,639,089
97$592,079,661$87,924,090$48,880,461$403,055,162
98$652,355,772$92,116,355$50,401,941$441,990,246
99$718,776,391$96,510,387$51,970,737$484,798,972
100$791,968,144$101,115,957$53,588,317$531,871,942