Can I retire at age 60 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,197,861
2 years$625,475$613,826$602,537$591,591$580,973$558,704
3 years$412,841$401,142$389,881$379,038$368,593$346,931
4 years$306,545$294,882$283,734$273,075$262,884$241,996
5 years$242,784$231,191$220,189$209,748$199,840$179,786
6 years$200,291$188,785$177,945$167,737$158,127$138,928
7 years$169,950$158,541$147,873$137,906$128,599$110,262
8 years$147,205$135,899$125,408$115,686$106,686$89,205
9 years$129,524$118,325$108,014$98,539$89,845$73,211
10 years$115,387$104,297$94,169$84,941$76,552$60,750
11 years$103,829$92,850$82,905$73,924$65,837$50,849
12 years$94,203$83,337$73,576$64,842$57,053$42,858
13 years$86,065$75,312$65,735$57,245$49,752$36,327
14 years$79,095$68,457$59,064$50,816$43,612$30,935
15 years$73,060$62,537$53,326$45,319$38,399$26,444
16 years$67,785$57,376$48,348$40,578$33,937$22,678
17 years$63,135$52,841$43,995$36,459$30,091$19,500
18 years$59,006$48,828$40,162$32,857$26,756$16,807
19 years$55,316$45,253$36,766$29,689$23,848$14,513
20 years$52,000$42,051$33,742$26,889$21,302$12,553
21 years$49,003$39,169$31,036$24,404$19,062$10,874
22 years$46,282$36,563$28,605$22,189$17,087$9,430
23 years$43,802$34,197$26,411$20,208$15,338$8,187
24 years$41,531$32,040$24,426$18,431$13,786$7,114
25 years$39,446$30,068$22,623$16,832$12,405$6,186
26 years$37,524$28,259$20,982$15,390$11,174$5,383
27 years$35,747$26,595$19,484$14,087$10,075$4,687
28 years$34,100$25,060$18,113$12,907$9,091$4,083
29 years$32,570$23,642$16,855$11,836$8,209$3,559
30 years$31,144$22,327$15,700$10,862$7,417$3,103
31 years$29,813$21,106$14,637$9,976$6,706$2,706
32 years$28,568$19,971$13,656$9,168$6,066$2,361
33 years$27,400$18,913$12,751$8,431$5,489$2,060
34 years$26,304$17,925$11,914$7,757$4,970$1,798
35 years$25,272$17,002$11,139$7,141$4,502$1,570
36 years$24,300$16,137$10,420$6,577$4,079$1,370
37 years$23,383$15,326$9,753$6,060$3,697$1,197
38 years$22,516$14,566$9,133$5,585$3,351$1,045
39 years$21,695$13,850$8,557$5,150$3,039$913
40 years$20,918$13,178$8,020$4,750$2,757$798
41 years$20,180$12,544$7,520$4,382$2,501$697
42 years$19,479$11,946$7,054$4,044$2,269$609
43 years$18,813$11,382$6,620$3,734$2,059$532
44 years$18,179$10,850$6,214$3,447$1,869$465
45 years$17,574$10,346$5,834$3,184$1,697$406
46 years$16,998$9,870$5,480$2,941$1,541$355
47 years$16,448$9,419$5,148$2,717$1,399$310
48 years$15,922$8,992$4,838$2,511$1,271$271
49 years$15,419$8,587$4,547$2,320$1,154$237
50 years$14,938$8,202$4,275$2,145$1,048$207

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,300,000, adding $4,877 every year, while hoping to spend $44,417 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: 62/19/19 Blend
59$15,300,000$15,300,000$15,300,000$15,300,000
60$16,865,631$16,054,731$15,817,581$17,828,764
61$18,538,666$16,794,153$16,300,210$19,218,121
62$20,380,861$17,568,319$16,797,519$20,728,853
63$22,409,426$18,378,883$17,309,953$22,377,148
64$24,643,320$19,227,580$17,837,968$24,176,397
65$27,103,437$20,116,230$18,382,039$26,141,329
66$29,812,801$21,046,739$18,942,651$28,288,152
67$32,796,782$22,021,104$19,520,305$30,634,696
68$36,083,335$23,041,420$20,115,517$33,200,581
69$39,703,268$24,109,882$20,728,819$36,007,395
70$43,690,525$25,228,791$21,360,758$39,078,900
71$48,082,515$26,400,558$22,011,900$42,441,245
72$52,920,458$27,627,712$22,682,825$46,123,212
73$58,249,777$28,912,902$23,374,132$50,156,481
74$64,120,527$30,258,907$24,086,438$54,575,927
75$70,587,866$31,668,638$24,820,379$59,419,941
76$77,712,575$33,145,148$25,576,608$64,730,788
77$85,561,633$34,691,636$26,355,801$70,555,003
78$94,208,851$36,311,457$27,158,651$76,943,819
79$103,735,562$38,008,127$27,985,874$83,953,649
80$114,231,397$39,785,333$28,838,208$91,646,612
81$125,795,123$41,646,938$29,716,412$100,091,109
82$138,535,581$43,596,993$30,621,267$109,362,465
83$152,572,711$45,639,746$31,553,580$119,543,634
84$168,038,682$47,779,648$32,514,180$130,725,969
85$185,079,144$50,021,368$33,503,922$143,010,082
86$203,854,600$52,369,798$34,523,686$156,506,783
87$224,541,920$54,830,069$35,574,380$171,338,119
88$247,336,013$57,407,559$36,656,939$187,638,514
89$272,451,663$60,107,907$37,772,323$205,556,031
90$300,125,563$62,937,024$38,921,526$225,253,761
91$330,618,540$65,901,108$40,105,567$246,911,347
92$364,218,027$69,006,658$41,325,499$270,726,678
93$401,240,768$72,260,486$42,582,406$296,917,735
94$442,035,812$75,669,736$43,877,402$325,724,648
95$486,987,808$79,241,896$45,211,638$357,411,941
96$536,520,634$82,984,819$46,586,298$392,271,023
97$591,101,401$86,906,737$48,002,601$430,622,924
98$651,244,860$91,016,283$49,461,804$472,821,310
99$717,518,261$95,322,507$50,965,200$519,255,806
100$790,546,712$99,834,898$52,514,123$570,355,666