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%14.9%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,195,410
2 years$625,475$613,826$602,537$591,591$580,973$556,263
3 years$412,841$401,142$389,881$379,038$368,593$344,578
4 years$306,545$294,882$283,734$273,075$262,884$239,748
5 years$242,784$231,191$220,189$209,748$199,840$177,649
6 years$200,291$188,785$177,945$167,737$158,127$136,905
7 years$169,950$158,541$147,873$137,906$128,599$108,352
8 years$147,205$135,899$125,408$115,686$106,686$87,406
9 years$129,524$118,325$108,014$98,539$89,845$71,520
10 years$115,387$104,297$94,169$84,941$76,552$59,165
11 years$103,829$92,850$82,905$73,924$65,837$49,366
12 years$94,203$83,337$73,576$64,842$57,053$41,474
13 years$86,065$75,312$65,735$57,245$49,752$35,037
14 years$79,095$68,457$59,064$50,816$43,612$29,735
15 years$73,060$62,537$53,326$45,319$38,399$25,331
16 years$67,785$57,376$48,348$40,578$33,937$21,647
17 years$63,135$52,841$43,995$36,459$30,091$18,547
18 years$59,006$48,828$40,162$32,857$26,756$15,927
19 years$55,316$45,253$36,766$29,689$23,848$13,703
20 years$52,000$42,051$33,742$26,889$21,302$11,808
21 years$49,003$39,169$31,036$24,404$19,062$10,189
22 years$46,282$36,563$28,605$22,189$17,087$8,803
23 years$43,802$34,197$26,411$20,208$15,338$7,612
24 years$41,531$32,040$24,426$18,431$13,786$6,589
25 years$39,446$30,068$22,623$16,832$12,405$5,707
26 years$37,524$28,259$20,982$15,390$11,174$4,946
27 years$35,747$26,595$19,484$14,087$10,075$4,289
28 years$34,100$25,060$18,113$12,907$9,091$3,722
29 years$32,570$23,642$16,855$11,836$8,209$3,230
30 years$31,144$22,327$15,700$10,862$7,417$2,805
31 years$29,813$21,106$14,637$9,976$6,706$2,436
32 years$28,568$19,971$13,656$9,168$6,066$2,116
33 years$27,400$18,913$12,751$8,431$5,489$1,839
34 years$26,304$17,925$11,914$7,757$4,970$1,598
35 years$25,272$17,002$11,139$7,141$4,502$1,390
36 years$24,300$16,137$10,420$6,577$4,079$1,208
37 years$23,383$15,326$9,753$6,060$3,697$1,051
38 years$22,516$14,566$9,133$5,585$3,351$914
39 years$21,695$13,850$8,557$5,150$3,039$795
40 years$20,918$13,178$8,020$4,750$2,757$691
41 years$20,180$12,544$7,520$4,382$2,501$601
42 years$19,479$11,946$7,054$4,044$2,269$523
43 years$18,813$11,382$6,620$3,734$2,059$455
44 years$18,179$10,850$6,214$3,447$1,869$396
45 years$17,574$10,346$5,834$3,184$1,697$344
46 years$16,998$9,870$5,480$2,941$1,541$300
47 years$16,448$9,419$5,148$2,717$1,399$261
48 years$15,922$8,992$4,838$2,511$1,271$227
49 years$15,419$8,587$4,547$2,320$1,154$197
50 years$14,938$8,202$4,275$2,145$1,048$172

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 $4,547 every year, while hoping to spend $34,162 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: 50/20/30 Blend
59$15,300,000$15,300,000$15,300,000$15,300,000
60$16,865,290$16,054,390$15,817,240$17,564,789
61$18,549,202$16,804,707$16,310,770$18,805,967
62$20,403,727$17,590,645$16,819,687$20,150,571
63$22,446,233$18,413,912$17,344,473$21,611,507
64$24,695,857$19,276,302$17,885,620$23,199,848
65$27,173,685$20,179,692$18,443,640$24,927,766
66$29,902,956$21,126,051$19,019,056$26,808,640
67$32,909,275$22,117,446$19,612,413$28,857,181
68$36,220,860$23,156,039$20,224,267$31,089,565
69$39,868,804$24,244,101$20,855,196$33,523,578
70$43,887,371$25,384,011$21,505,794$36,178,783
71$48,314,318$26,578,263$22,176,673$39,076,698
72$53,191,252$27,829,471$22,868,466$42,240,993
73$58,564,023$29,140,379$23,581,823$45,697,709
74$64,483,155$30,513,859$24,317,416$49,475,495
75$71,004,326$31,952,927$25,075,938$53,605,878
76$78,188,888$33,460,742$25,858,103$58,123,547
77$86,104,453$35,040,616$26,664,647$63,066,678
78$94,825,524$36,696,023$27,496,330$68,477,290
79$104,434,205$38,430,606$28,353,935$74,401,626
80$115,020,971$40,248,182$29,238,268$80,890,591
81$126,685,522$42,152,756$30,150,163$88,000,217
82$139,537,729$44,148,524$31,090,477$95,792,191
83$153,698,665$46,239,889$32,060,095$104,334,420
84$169,301,751$48,431,466$33,059,930$113,701,673
85$186,494,015$50,728,093$34,090,923$123,976,268
86$205,437,480$53,134,845$35,154,045$135,248,845
87$226,310,692$55,657,042$36,250,295$147,619,210
88$249,310,407$58,300,262$37,380,704$161,197,266
89$274,653,448$61,070,354$38,546,337$176,104,039
90$302,578,751$63,973,453$39,748,291$192,472,810
91$333,349,620$67,015,988$40,987,695$210,450,360
92$367,256,215$70,204,705$42,265,716$230,198,342
93$404,618,287$73,546,675$43,583,557$251,894,798
94$445,788,203$77,049,312$44,942,456$275,735,820
95$491,154,263$80,720,391$46,343,691$301,937,391
96$541,144,375$84,568,068$47,788,582$330,737,406
97$596,230,088$88,600,890$49,278,487$362,397,905
98$656,931,047$92,827,824$50,814,806$397,207,528
99$723,819,897$97,258,270$52,398,985$435,484,222
100$797,527,688$101,902,087$54,032,513$477,578,227