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

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,186,335
2 years$629,563$617,838$606,475$595,457$584,770$543,194
3 years$415,540$403,764$392,429$381,515$371,002$330,837
4 years$308,549$296,809$285,588$274,860$264,602$226,156
5 years$244,371$232,702$221,628$211,119$201,146$164,521
6 years$201,600$190,019$179,108$168,834$159,160$124,384
7 years$171,061$159,577$148,840$138,807$129,440$96,508
8 years$148,168$136,787$126,228$116,442$107,383$76,270
9 years$130,371$119,098$108,720$99,183$90,432$61,100
10 years$116,142$104,979$94,785$85,497$77,052$49,453
11 years$104,507$93,457$83,447$74,408$66,268$40,347
12 years$94,819$83,882$74,057$65,265$57,426$33,126
13 years$86,627$75,805$66,165$57,620$50,077$27,333
14 years$79,612$68,904$59,450$51,148$43,897$22,645
15 years$73,538$62,945$53,675$45,615$38,650$18,822
16 years$68,228$57,751$48,664$40,844$34,159$15,687
17 years$63,548$53,187$44,283$36,698$30,288$13,103
18 years$59,392$49,147$40,424$33,072$26,931$10,964
19 years$55,678$45,549$37,006$29,883$24,004$9,189
20 years$52,340$42,326$33,963$27,065$21,441$7,710
21 years$49,323$39,425$31,239$24,563$19,187$6,476
22 years$46,585$36,802$28,792$22,334$17,198$5,445
23 years$44,088$34,420$26,584$20,340$15,438$4,581
24 years$41,803$32,249$24,586$18,551$13,876$3,856
25 years$39,704$30,264$22,771$16,942$12,487$3,248
26 years$37,769$28,444$21,119$15,491$11,247$2,737
27 years$35,981$26,769$19,611$14,179$10,141$2,307
28 years$34,323$25,224$18,231$12,991$9,150$1,945
29 years$32,783$23,796$16,966$11,913$8,262$1,641
30 years$31,348$22,473$15,803$10,933$7,465$1,384
31 years$30,008$21,244$14,732$10,041$6,749$1,168
32 years$28,754$20,101$13,746$9,228$6,105$986
33 years$27,579$19,036$12,834$8,486$5,525$832
34 years$26,475$18,042$11,992$7,808$5,003$702
35 years$25,437$17,113$11,211$7,188$4,531$593
36 years$24,459$16,242$10,488$6,620$4,105$500
37 years$23,535$15,427$9,817$6,099$3,721$423
38 years$22,663$14,661$9,193$5,622$3,373$357
39 years$21,837$13,941$8,613$5,183$3,059$301
40 years$21,054$13,264$8,073$4,781$2,775$254
41 years$20,312$12,626$7,570$4,411$2,517$215
42 years$19,606$12,024$7,101$4,071$2,284$181
43 years$18,936$11,457$6,663$3,758$2,073$153
44 years$18,297$10,921$6,254$3,470$1,882$129
45 years$17,689$10,414$5,873$3,204$1,708$109
46 years$17,109$9,934$5,516$2,960$1,551$92
47 years$16,555$9,481$5,182$2,735$1,408$78
48 years$16,026$9,050$4,869$2,527$1,279$66
49 years$15,520$8,643$4,577$2,335$1,162$56
50 years$15,036$8,256$4,303$2,159$1,055$47

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 $3,420 every year, while hoping to spend $34,775 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: 44/42/14 Blend
59$15,400,000$15,400,000$15,400,000$15,400,000
60$16,974,328$16,158,128$15,919,428$17,652,594
61$18,668,709$16,912,876$16,415,728$18,881,346
62$20,534,751$17,703,441$16,927,489$20,208,588
63$22,589,928$18,531,541$17,455,192$21,646,384
64$24,853,492$19,398,979$17,999,333$23,204,936
65$27,346,661$20,307,641$18,560,423$24,895,436
66$30,092,814$21,259,509$19,138,991$26,730,170
67$33,117,713$22,256,657$19,735,579$28,722,622
68$36,449,748$23,301,262$20,350,749$30,887,599
69$40,120,203$24,395,604$20,985,080$33,241,357
70$44,163,550$25,542,075$21,639,166$35,801,752
71$48,617,778$26,743,182$22,313,624$38,588,397
72$53,524,748$28,001,554$23,009,087$41,622,840
73$58,930,589$29,319,948$23,726,208$44,928,757
74$64,886,135$30,701,251$24,465,662$48,532,168
75$71,447,402$32,148,494$25,228,144$52,461,667
76$78,676,120$33,664,853$26,014,369$56,748,690
77$86,640,311$35,253,657$26,825,077$61,427,794
78$95,414,935$36,918,399$27,661,030$66,536,974
79$105,082,596$38,662,738$28,523,012$72,118,009
80$115,734,321$40,490,513$29,411,833$78,216,845
81$127,470,422$42,405,748$30,328,329$84,884,015
82$140,401,437$44,412,662$31,273,361$92,175,101
83$154,649,181$46,515,679$32,247,816$100,151,245
84$170,347,889$48,719,439$33,252,608$108,879,711
85$187,645,486$51,028,804$34,288,683$118,434,507
86$206,704,985$53,448,874$35,357,014$128,897,060
87$227,706,022$55,984,998$36,458,602$140,356,975
88$250,846,554$58,642,781$37,594,483$152,912,856
89$276,344,727$61,428,102$38,765,723$166,673,223
90$304,440,937$64,347,127$39,973,423$181,757,514
91$335,400,096$67,406,319$41,218,715$198,297,192
92$369,514,133$70,612,456$42,502,770$216,436,963
93$407,104,754$73,972,646$43,826,792$236,336,122
94$448,526,474$77,494,340$45,192,024$258,170,030
95$494,169,965$81,185,354$46,599,749$282,131,744
96$544,465,748$85,053,882$48,051,286$308,433,817
97$599,888,249$89,108,518$49,547,999$337,310,272
98$660,960,286$93,358,270$51,091,292$369,018,786
99$728,257,998$97,812,589$52,682,614$403,843,091
100$802,416,290$102,481,382$54,323,458$442,095,619