Can I retire at age 60 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,198,828
2 years$633,651$621,850$610,413$599,324$588,568$551,439
3 years$418,238$406,386$394,978$383,993$373,411$337,482
4 years$310,552$298,737$287,443$276,645$266,320$231,865
5 years$245,958$234,213$223,067$212,490$202,452$169,565
6 years$202,909$191,253$180,271$169,930$160,194$128,903
7 years$172,172$160,614$149,806$139,709$130,280$100,586
8 years$149,130$137,676$127,048$117,198$108,080$79,963
9 years$131,217$119,871$109,426$99,827$91,019$64,450
10 years$116,896$105,661$95,400$86,052$77,553$52,494
11 years$105,186$94,064$83,989$74,891$66,698$43,106
12 years$95,434$84,426$74,538$65,689$57,799$35,626
13 years$87,190$76,297$66,595$57,994$50,402$29,597
14 years$80,129$69,352$59,836$51,480$44,182$24,691
15 years$74,015$63,354$54,024$45,911$38,901$20,669
16 years$68,671$58,126$48,980$41,109$34,381$17,351
17 years$63,960$53,532$44,570$36,936$30,485$14,599
18 years$59,778$49,466$40,687$33,287$27,106$12,308
19 years$56,040$45,845$37,247$30,077$24,160$10,393
20 years$52,680$42,601$34,183$27,241$21,580$8,787
21 years$49,644$39,681$31,442$24,723$19,312$7,439
22 years$46,887$37,041$28,979$22,479$17,310$6,303
23 years$44,374$34,644$26,757$20,472$15,539$5,345
24 years$42,074$32,459$24,745$18,671$13,966$4,535
25 years$39,961$30,461$22,919$17,052$12,568$3,851
26 years$38,014$28,628$21,256$15,591$11,320$3,271
27 years$36,214$26,943$19,738$14,271$10,206$2,780
28 years$34,546$25,388$18,349$13,075$9,209$2,363
29 years$32,996$23,951$17,076$11,990$8,316$2,010
30 years$31,551$22,619$15,905$11,004$7,514$1,709
31 years$30,203$21,382$14,828$10,106$6,793$1,454
32 years$28,941$20,232$13,835$9,288$6,145$1,237
33 years$27,758$19,160$12,918$8,541$5,561$1,053
34 years$26,647$18,159$12,070$7,859$5,035$896
35 years$25,602$17,224$11,284$7,234$4,560$763
36 years$24,618$16,348$10,556$6,663$4,132$650
37 years$23,688$15,527$9,880$6,139$3,745$553
38 years$22,810$14,756$9,252$5,658$3,395$471
39 years$21,979$14,031$8,669$5,217$3,079$401
40 years$21,191$13,350$8,125$4,812$2,793$341
41 years$20,444$12,708$7,619$4,440$2,534$291
42 years$19,734$12,102$7,147$4,097$2,299$248
43 years$19,059$11,531$6,706$3,782$2,086$211
44 years$18,416$10,992$6,295$3,492$1,894$180
45 years$17,804$10,482$5,911$3,225$1,719$153
46 years$17,220$9,999$5,551$2,979$1,561$130
47 years$16,663$9,542$5,216$2,752$1,417$111
48 years$16,130$9,109$4,901$2,543$1,287$95
49 years$15,621$8,699$4,607$2,351$1,169$80
50 years$15,133$8,309$4,331$2,173$1,062$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,500,000, adding $6,304 every year, while hoping to spend $28,991 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: 56/29/15 Blend
59$15,500,000$15,500,000$15,500,000$15,500,000
60$17,087,503$16,266,003$16,025,753$17,977,216
61$18,799,582$17,032,191$16,531,769$19,348,153
62$20,685,321$17,834,950$17,053,765$20,837,085
63$22,762,404$18,676,042$17,592,247$22,458,317
64$25,050,315$19,557,315$18,147,733$24,224,518
65$27,570,527$20,480,703$18,720,762$26,149,610
66$30,346,700$21,448,237$19,311,887$28,248,899
67$33,404,909$22,462,045$19,921,680$30,539,211
68$36,773,884$23,524,360$20,550,731$33,039,048
69$40,485,287$24,637,521$21,199,648$35,768,755
70$44,574,009$25,803,982$21,869,058$38,750,706
71$49,078,495$27,026,315$22,559,609$42,009,511
72$54,041,115$28,307,217$23,271,969$45,572,241
73$59,508,554$29,649,516$24,006,825$49,468,674
74$65,532,263$31,056,179$24,764,890$53,731,572
75$72,168,936$32,530,313$25,546,896$58,396,984
76$79,481,049$34,075,181$26,353,599$63,504,573
77$87,537,451$35,694,200$27,185,780$69,097,988
78$96,414,010$37,390,954$28,044,242$75,225,265
79$106,194,332$39,169,204$28,929,817$81,939,270
80$116,970,548$41,032,889$29,843,360$89,298,193
81$128,844,187$42,986,144$30,785,756$97,366,081
82$141,927,130$45,033,301$31,757,915$106,213,439
83$156,342,670$47,178,905$32,760,778$115,917,883
84$172,226,673$49,427,722$33,795,314$126,564,857
85$189,728,861$51,784,748$34,862,525$138,248,434
86$209,014,227$54,255,222$35,963,441$151,072,187
87$230,264,590$56,844,640$37,099,129$165,150,159
88$253,680,314$59,558,764$38,270,685$180,607,921
89$279,482,197$62,403,634$39,479,244$197,583,746
90$307,913,557$65,385,588$40,725,974$216,229,897
91$339,242,526$68,511,269$42,012,082$236,714,056
92$373,764,587$71,787,644$43,338,810$259,220,881
93$411,805,357$75,222,021$44,707,442$283,953,738
94$453,723,665$78,822,060$46,119,302$311,136,606
95$499,914,935$82,595,798$47,575,755$341,016,165
96$550,814,926$86,551,660$49,078,211$373,864,111
97$606,903,839$90,698,482$50,628,121$409,979,700
98$668,710,854$95,045,531$52,226,986$449,692,551
99$736,819,123$99,602,524$53,876,352$493,365,736
100$811,871,278$104,379,652$55,577,815$541,399,182