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%14.4%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,213,519
2 years$633,651$621,850$610,413$599,324$588,568$566,007
3 years$418,238$406,386$394,978$383,993$373,411$351,466
4 years$310,552$298,737$287,443$276,645$266,320$245,159
5 years$245,958$234,213$223,067$212,490$202,452$182,136
6 years$202,909$191,253$180,271$169,930$160,194$140,744
7 years$172,172$160,614$149,806$139,709$130,280$111,704
8 years$149,130$137,676$127,048$117,198$108,080$90,371
9 years$131,217$119,871$109,426$99,827$91,019$74,168
10 years$116,896$105,661$95,400$86,052$77,553$61,544
11 years$105,186$94,064$83,989$74,891$66,698$51,514
12 years$95,434$84,426$74,538$65,689$57,799$43,418
13 years$87,190$76,297$66,595$57,994$50,402$36,802
14 years$80,129$69,352$59,836$51,480$44,182$31,339
15 years$74,015$63,354$54,024$45,911$38,901$26,789
16 years$68,671$58,126$48,980$41,109$34,381$22,974
17 years$63,960$53,532$44,570$36,936$30,485$19,755
18 years$59,778$49,466$40,687$33,287$27,106$17,026
19 years$56,040$45,845$37,247$30,077$24,160$14,703
20 years$52,680$42,601$34,183$27,241$21,580$12,717
21 years$49,644$39,681$31,442$24,723$19,312$11,016
22 years$46,887$37,041$28,979$22,479$17,310$9,553
23 years$44,374$34,644$26,757$20,472$15,539$8,294
24 years$42,074$32,459$24,745$18,671$13,966$7,207
25 years$39,961$30,461$22,919$17,052$12,568$6,267
26 years$38,014$28,628$21,256$15,591$11,320$5,454
27 years$36,214$26,943$19,738$14,271$10,206$4,748
28 years$34,546$25,388$18,349$13,075$9,209$4,137
29 years$32,996$23,951$17,076$11,990$8,316$3,605
30 years$31,551$22,619$15,905$11,004$7,514$3,143
31 years$30,203$21,382$14,828$10,106$6,793$2,741
32 years$28,941$20,232$13,835$9,288$6,145$2,392
33 years$27,758$19,160$12,918$8,541$5,561$2,087
34 years$26,647$18,159$12,070$7,859$5,035$1,821
35 years$25,602$17,224$11,284$7,234$4,560$1,590
36 years$24,618$16,348$10,556$6,663$4,132$1,388
37 years$23,688$15,527$9,880$6,139$3,745$1,212
38 years$22,810$14,756$9,252$5,658$3,395$1,059
39 years$21,979$14,031$8,669$5,217$3,079$925
40 years$21,191$13,350$8,125$4,812$2,793$808
41 years$20,444$12,708$7,619$4,440$2,534$706
42 years$19,734$12,102$7,147$4,097$2,299$617
43 years$19,059$11,531$6,706$3,782$2,086$539
44 years$18,416$10,992$6,295$3,492$1,894$471
45 years$17,804$10,482$5,911$3,225$1,719$411
46 years$17,220$9,999$5,551$2,979$1,561$360
47 years$16,663$9,542$5,216$2,752$1,417$314
48 years$16,130$9,109$4,901$2,543$1,287$275
49 years$15,621$8,699$4,607$2,351$1,169$240
50 years$15,133$8,309$4,331$2,173$1,062$210

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 $4,667 every year, while hoping to spend $57,542 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: 30/41/29 Blend
59$15,500,000$15,500,000$15,500,000$15,500,000
60$17,085,814$16,264,314$16,024,064$17,446,050
61$18,767,343$17,000,041$16,499,646$18,464,921
62$20,618,459$17,769,890$16,989,231$19,554,857
63$22,656,400$18,575,473$17,493,228$20,726,249
64$24,900,158$19,418,477$18,012,057$21,986,228
65$27,370,664$20,300,672$18,546,151$23,342,604
66$30,090,977$21,223,911$19,095,953$24,803,931
67$33,086,511$22,190,136$19,661,921$26,379,583
68$36,385,266$23,201,384$20,244,526$28,079,835
69$40,018,098$24,259,786$20,844,253$29,915,950
70$44,019,007$25,367,579$21,461,598$31,900,278
71$48,425,460$26,527,104$22,097,075$34,046,367
72$53,278,740$27,740,816$22,751,211$36,369,080
73$58,624,343$29,011,287$23,424,548$38,884,726
74$64,512,399$30,341,213$24,117,643$41,611,205
75$70,998,150$31,733,419$24,831,071$44,568,168
76$78,142,471$33,190,866$25,565,422$47,777,190
77$86,012,442$34,716,657$26,321,302$51,261,964
78$94,681,982$36,314,044$27,099,336$55,048,514
79$104,232,548$37,986,436$27,900,168$59,165,428
80$114,753,900$39,737,405$28,724,456$63,644,117
81$126,344,955$41,570,694$29,572,882$68,519,095
82$139,114,711$43,490,228$30,446,144$73,828,295
83$153,183,283$45,500,121$31,344,962$79,613,412
84$168,683,033$47,604,683$32,270,074$85,920,281
85$185,759,823$49,808,433$33,222,241$92,799,295
86$204,574,385$52,116,106$34,202,247$100,305,865
87$225,303,845$54,532,668$35,210,895$108,500,923
88$248,143,391$57,063,322$36,249,013$117,451,486
89$273,308,115$59,713,523$37,317,453$127,231,265
90$301,035,044$62,488,987$38,417,090$137,921,343
91$331,585,380$65,395,709$39,548,823$149,610,920
92$365,246,960$68,439,970$40,713,580$162,398,135
93$402,336,977$71,628,355$41,912,312$176,390,970
94$443,204,973$74,967,769$43,145,998$191,708,246
95$488,236,137$78,465,447$44,415,647$208,480,722
96$537,854,944$82,128,975$45,722,292$226,852,303
97$592,529,160$85,966,306$47,067,000$246,981,370
98$652,774,255$89,985,776$48,450,866$269,042,253
99$719,158,275$94,196,124$49,875,015$293,226,845
100$792,307,197$98,606,513$51,340,606$319,746,380