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

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,216,016
2 years$633,651$621,850$610,413$599,324$588,568$568,498
3 years$418,238$406,386$394,978$383,993$373,411$353,872
4 years$310,552$298,737$287,443$276,645$266,320$247,461
5 years$245,958$234,213$223,067$212,490$202,452$184,328
6 years$202,909$191,253$180,271$169,930$160,194$142,826
7 years$172,172$160,614$149,806$139,709$130,280$113,674
8 years$149,130$137,676$127,048$117,198$108,080$92,232
9 years$131,217$119,871$109,426$99,827$91,019$75,920
10 years$116,896$105,661$95,400$86,052$77,553$63,191
11 years$105,186$94,064$83,989$74,891$66,698$53,059
12 years$95,434$84,426$74,538$65,689$57,799$44,865
13 years$87,190$76,297$66,595$57,994$50,402$38,154
14 years$80,129$69,352$59,836$51,480$44,182$32,600
15 years$74,015$63,354$54,024$45,911$38,901$27,963
16 years$68,671$58,126$48,980$41,109$34,381$24,065
17 years$63,960$53,532$44,570$36,936$30,485$20,767
18 years$59,778$49,466$40,687$33,287$27,106$17,963
19 years$56,040$45,845$37,247$30,077$24,160$15,569
20 years$52,680$42,601$34,183$27,241$21,580$13,517
21 years$49,644$39,681$31,442$24,723$19,312$11,753
22 years$46,887$37,041$28,979$22,479$17,310$10,232
23 years$44,374$34,644$26,757$20,472$15,539$8,917
24 years$42,074$32,459$24,745$18,671$13,966$7,779
25 years$39,961$30,461$22,919$17,052$12,568$6,792
26 years$38,014$28,628$21,256$15,591$11,320$5,934
27 years$36,214$26,943$19,738$14,271$10,206$5,187
28 years$34,546$25,388$18,349$13,075$9,209$4,537
29 years$32,996$23,951$17,076$11,990$8,316$3,971
30 years$31,551$22,619$15,905$11,004$7,514$3,476
31 years$30,203$21,382$14,828$10,106$6,793$3,044
32 years$28,941$20,232$13,835$9,288$6,145$2,667
33 years$27,758$19,160$12,918$8,541$5,561$2,337
34 years$26,647$18,159$12,070$7,859$5,035$2,048
35 years$25,602$17,224$11,284$7,234$4,560$1,796
36 years$24,618$16,348$10,556$6,663$4,132$1,574
37 years$23,688$15,527$9,880$6,139$3,745$1,381
38 years$22,810$14,756$9,252$5,658$3,395$1,211
39 years$21,979$14,031$8,669$5,217$3,079$1,062
40 years$21,191$13,350$8,125$4,812$2,793$932
41 years$20,444$12,708$7,619$4,440$2,534$818
42 years$19,734$12,102$7,147$4,097$2,299$717
43 years$19,059$11,531$6,706$3,782$2,086$630
44 years$18,416$10,992$6,295$3,492$1,894$552
45 years$17,804$10,482$5,911$3,225$1,719$485
46 years$17,220$9,999$5,551$2,979$1,561$426
47 years$16,663$9,542$5,216$2,752$1,417$374
48 years$16,130$9,109$4,901$2,543$1,287$328
49 years$15,621$8,699$4,607$2,351$1,169$288
50 years$15,133$8,309$4,331$2,173$1,062$253

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 $5,566 every year, while hoping to spend $26,512 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: 70/9/21 Blend
59$15,500,000$15,500,000$15,500,000$15,500,000
60$17,086,741$16,265,241$16,024,991$18,193,822
61$18,801,380$17,034,030$16,533,620$19,702,279
62$20,690,024$17,839,600$17,058,399$21,349,201
63$22,770,393$18,683,727$17,599,842$23,151,280
64$25,062,014$19,568,270$18,158,477$25,123,868
65$27,586,405$20,495,181$18,734,852$27,283,867
66$30,367,278$21,466,505$19,329,529$29,649,884
67$33,430,762$22,484,385$19,943,091$32,242,404
68$36,805,652$23,551,072$20,576,136$35,083,982
69$40,523,676$24,668,922$21,229,284$38,199,450
70$44,619,800$25,840,409$21,903,174$41,616,152
71$49,132,554$27,068,123$22,598,465$45,364,198
72$54,104,397$28,354,784$23,315,836$49,476,747
73$59,582,119$29,703,241$24,055,990$53,990,312
74$65,617,278$31,116,483$24,819,649$58,945,106
75$72,266,694$32,597,645$25,607,561$64,385,416
76$79,592,979$34,150,012$26,420,496$70,360,021
77$87,665,131$35,777,029$27,259,250$76,922,641
78$96,559,182$37,482,311$28,124,643$84,132,449
79$106,358,920$39,269,647$29,017,521$92,054,620
80$117,156,680$41,143,009$29,938,757$100,760,945
81$129,054,208$43,106,564$30,889,253$110,330,501
82$142,163,633$45,164,681$31,869,938$120,850,398
83$156,608,515$47,321,941$32,881,772$132,416,592
84$172,525,016$49,583,150$33,925,744$145,134,786
85$190,063,187$51,953,344$35,002,876$159,121,427
86$209,388,382$54,437,807$36,114,222$174,504,796
87$230,682,816$57,042,079$37,260,868$191,426,214
88$254,147,293$59,771,970$38,443,937$210,041,373
89$280,003,094$62,633,574$39,664,586$230,521,795
90$308,494,069$65,633,278$40,924,008$253,056,449
91$339,888,939$68,777,784$42,223,438$277,853,527
92$374,483,833$72,074,117$43,564,145$305,142,402
93$412,605,081$75,529,647$44,947,442$335,175,786
94$454,612,301$79,152,100$46,374,682$368,232,111
95$500,901,783$82,949,581$47,847,262$404,618,144
96$551,910,242$86,930,588$49,366,622$444,671,882
97$608,118,934$91,104,033$50,934,250$488,765,730
98$670,058,197$95,479,263$52,551,680$537,310,007
99$738,312,467$100,066,080$54,220,495$590,756,815
100$813,525,784$104,874,764$55,942,327$649,604,293