Can I retire at age 60 with 15,400,000?

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 $15,400,000?

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$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,203,223
2 years$629,563$617,838$606,475$595,457$584,770$559,899
3 years$415,540$403,764$392,429$381,515$371,002$346,830
4 years$308,549$296,809$285,588$274,860$264,602$241,315
5 years$244,371$232,702$221,628$211,119$201,146$178,810
6 years$201,600$190,019$179,108$168,834$159,160$137,800
7 years$171,061$159,577$148,840$138,807$129,440$109,060
8 years$148,168$136,787$126,228$116,442$107,383$87,977
9 years$130,371$119,098$108,720$99,183$90,432$71,987
10 years$116,142$104,979$94,785$85,497$77,052$59,551
11 years$104,507$93,457$83,447$74,408$66,268$49,689
12 years$94,819$83,882$74,057$65,265$57,426$41,745
13 years$86,627$75,805$66,165$57,620$50,077$35,266
14 years$79,612$68,904$59,450$51,148$43,897$29,930
15 years$73,538$62,945$53,675$45,615$38,650$25,496
16 years$68,228$57,751$48,664$40,844$34,159$21,788
17 years$63,548$53,187$44,283$36,698$30,288$18,669
18 years$59,392$49,147$40,424$33,072$26,931$16,031
19 years$55,678$45,549$37,006$29,883$24,004$13,792
20 years$52,340$42,326$33,963$27,065$21,441$11,885
21 years$49,323$39,425$31,239$24,563$19,187$10,256
22 years$46,585$36,802$28,792$22,334$17,198$8,860
23 years$44,088$34,420$26,584$20,340$15,438$7,662
24 years$41,803$32,249$24,586$18,551$13,876$6,632
25 years$39,704$30,264$22,771$16,942$12,487$5,744
26 years$37,769$28,444$21,119$15,491$11,247$4,979
27 years$35,981$26,769$19,611$14,179$10,141$4,317
28 years$34,323$25,224$18,231$12,991$9,150$3,746
29 years$32,783$23,796$16,966$11,913$8,262$3,251
30 years$31,348$22,473$15,803$10,933$7,465$2,823
31 years$30,008$21,244$14,732$10,041$6,749$2,452
32 years$28,754$20,101$13,746$9,228$6,105$2,130
33 years$27,579$19,036$12,834$8,486$5,525$1,851
34 years$26,475$18,042$11,992$7,808$5,003$1,609
35 years$25,437$17,113$11,211$7,188$4,531$1,399
36 years$24,459$16,242$10,488$6,620$4,105$1,216
37 years$23,535$15,427$9,817$6,099$3,721$1,057
38 years$22,663$14,661$9,193$5,622$3,373$920
39 years$21,837$13,941$8,613$5,183$3,059$800
40 years$21,054$13,264$8,073$4,781$2,775$696
41 years$20,312$12,626$7,570$4,411$2,517$605
42 years$19,606$12,024$7,101$4,071$2,284$526
43 years$18,936$11,457$6,663$3,758$2,073$458
44 years$18,297$10,921$6,254$3,470$1,882$398
45 years$17,689$10,414$5,873$3,204$1,708$347
46 years$17,109$9,934$5,516$2,960$1,551$302
47 years$16,555$9,481$5,182$2,735$1,408$262
48 years$16,026$9,050$4,869$2,527$1,279$228
49 years$15,520$8,643$4,577$2,335$1,162$199
50 years$15,036$8,256$4,303$2,159$1,055$173

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,400,000, adding $6,766 every year, while hoping to spend $41,321 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: 58/32/10 Blend
59$15,400,000$15,400,000$15,400,000$15,400,000
60$16,977,779$16,161,579$15,922,879$17,921,720
61$18,665,547$16,909,531$16,412,330$19,306,115
62$20,524,083$17,692,748$16,916,793$20,809,171
63$22,570,761$18,512,914$17,436,727$22,446,486
64$24,824,726$19,371,795$17,972,605$24,230,938
65$27,307,076$20,271,241$18,524,916$26,176,683
66$30,041,058$21,213,191$19,094,160$28,299,283
67$33,052,289$22,199,681$19,680,857$30,615,847
68$36,368,997$23,232,840$20,285,541$33,145,190
69$40,022,289$24,314,903$20,908,760$35,907,999
70$44,046,441$25,448,212$21,551,083$38,927,028
71$48,479,227$26,635,223$22,213,093$42,227,305
72$53,362,267$27,878,509$22,895,391$45,836,359
73$58,741,431$29,180,767$23,598,598$49,784,476
74$64,667,259$30,544,827$24,323,354$54,104,976
75$71,195,449$31,973,654$25,070,316$58,834,524
76$78,387,377$33,470,355$25,840,164$64,013,460
77$86,310,676$35,038,189$26,633,596$69,686,180
78$95,039,877$36,680,572$27,451,334$75,901,542
79$104,657,110$38,401,086$28,294,119$82,713,320
80$115,252,881$40,203,485$29,162,717$90,180,701
81$126,926,924$42,091,704$30,057,917$98,368,834
82$139,789,144$44,069,871$30,980,531$107,349,435
83$153,960,654$46,142,312$31,931,396$117,201,454
84$169,574,918$48,313,563$32,911,375$128,011,808
85$186,779,011$50,588,379$33,921,358$139,876,188
86$205,735,006$52,971,745$34,962,259$152,899,956
87$226,621,505$55,468,890$36,035,024$167,199,117
88$249,635,326$58,085,292$37,140,624$182,901,411
89$274,993,356$60,826,699$38,280,062$200,147,496
90$302,934,606$63,699,134$39,454,371$219,092,267
91$333,722,458$66,708,915$40,664,615$239,906,299
92$367,647,160$69,862,663$41,911,891$262,777,442
93$405,028,559$73,167,322$43,197,329$287,912,579
94$446,219,125$76,630,174$44,522,092$315,539,557
95$491,607,275$80,258,851$45,887,381$345,909,325
96$541,621,041$84,061,358$47,294,432$379,298,279
97$596,732,110$88,046,088$48,744,518$416,010,851
98$657,460,278$92,221,840$50,238,953$456,382,364
99$724,378,357$96,597,840$51,779,088$500,782,173
100$798,117,579$101,183,764$53,366,317$549,617,130