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%16.2%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,204,646
2 years$633,651$621,850$610,413$599,324$588,568$557,190
3 years$418,238$406,386$394,978$383,993$373,411$342,985
4 years$310,552$298,737$287,443$276,645$266,320$237,078
5 years$245,958$234,213$223,067$212,490$202,452$174,475
6 years$202,909$191,253$180,271$169,930$160,194$133,510
7 years$172,172$160,614$149,806$139,709$130,280$104,892
8 years$149,130$137,676$127,048$117,198$108,080$83,976
9 years$131,217$119,871$109,426$99,827$91,019$68,178
10 years$116,896$105,661$95,400$86,052$77,553$55,948
11 years$105,186$94,064$83,989$74,891$66,698$46,298
12 years$95,434$84,426$74,538$65,689$57,799$38,568
13 years$87,190$76,297$66,595$57,994$50,402$32,301
14 years$80,129$69,352$59,836$51,480$44,182$27,171
15 years$74,015$63,354$54,024$45,911$38,901$22,937
16 years$68,671$58,126$48,980$41,109$34,381$19,421
17 years$63,960$53,532$44,570$36,936$30,485$16,485
18 years$59,778$49,466$40,687$33,287$27,106$14,022
19 years$56,040$45,845$37,247$30,077$24,160$11,947
20 years$52,680$42,601$34,183$27,241$21,580$10,195
21 years$49,644$39,681$31,442$24,723$19,312$8,710
22 years$46,887$37,041$28,979$22,479$17,310$7,449
23 years$44,374$34,644$26,757$20,472$15,539$6,377
24 years$42,074$32,459$24,745$18,671$13,966$5,463
25 years$39,961$30,461$22,919$17,052$12,568$4,683
26 years$38,014$28,628$21,256$15,591$11,320$4,017
27 years$36,214$26,943$19,738$14,271$10,206$3,447
28 years$34,546$25,388$18,349$13,075$9,209$2,959
29 years$32,996$23,951$17,076$11,990$8,316$2,541
30 years$31,551$22,619$15,905$11,004$7,514$2,183
31 years$30,203$21,382$14,828$10,106$6,793$1,876
32 years$28,941$20,232$13,835$9,288$6,145$1,612
33 years$27,758$19,160$12,918$8,541$5,561$1,386
34 years$26,647$18,159$12,070$7,859$5,035$1,191
35 years$25,602$17,224$11,284$7,234$4,560$1,024
36 years$24,618$16,348$10,556$6,663$4,132$881
37 years$23,688$15,527$9,880$6,139$3,745$758
38 years$22,810$14,756$9,252$5,658$3,395$652
39 years$21,979$14,031$8,669$5,217$3,079$561
40 years$21,191$13,350$8,125$4,812$2,793$482
41 years$20,444$12,708$7,619$4,440$2,534$415
42 years$19,734$12,102$7,147$4,097$2,299$357
43 years$19,059$11,531$6,706$3,782$2,086$307
44 years$18,416$10,992$6,295$3,492$1,894$264
45 years$17,804$10,482$5,911$3,225$1,719$227
46 years$17,220$9,999$5,551$2,979$1,561$196
47 years$16,663$9,542$5,216$2,752$1,417$168
48 years$16,130$9,109$4,901$2,543$1,287$145
49 years$15,621$8,699$4,607$2,351$1,169$125
50 years$15,133$8,309$4,331$2,173$1,062$107

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 $6,358 every year, while hoping to spend $58,563 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: 61/10/29 Blend
59$15,500,000$15,500,000$15,500,000$15,500,000
60$17,087,558$16,266,058$16,025,808$17,995,579
61$18,768,179$17,000,785$16,500,362$19,349,921
62$20,618,260$17,769,550$16,988,851$20,820,784
63$22,655,024$18,573,960$17,491,680$22,425,181
64$24,897,450$19,415,697$18,009,264$24,176,172
65$27,366,449$20,296,526$18,542,034$26,088,126
66$30,085,065$21,218,293$19,090,430$28,176,860
67$33,078,687$22,182,935$19,654,905$30,459,781
68$36,375,294$23,192,480$20,235,925$32,956,050
69$40,005,717$24,249,054$20,833,971$35,686,758
70$44,003,927$25,354,885$21,449,536$38,675,124
71$48,407,359$26,512,306$22,083,128$41,946,709
72$53,257,266$27,723,765$22,735,269$45,529,657
73$58,599,102$28,991,824$23,406,495$49,454,955
74$64,482,958$30,319,171$24,097,360$53,756,720
75$70,964,029$31,708,620$24,808,431$58,472,524
76$78,103,140$33,163,122$25,540,293$63,643,737
77$85,967,314$34,685,770$26,293,548$69,315,920
78$94,630,411$36,279,803$27,068,812$75,539,246
79$104,173,818$37,948,618$27,866,722$82,368,975
80$114,687,222$39,695,775$28,687,932$89,865,965
81$126,269,455$41,525,005$29,533,114$98,097,246
82$139,029,426$43,440,217$30,402,960$107,136,646
83$153,087,150$45,445,510$31,298,182$117,065,485
84$168,574,878$47,545,179$32,219,510$127,973,335
85$185,638,349$49,743,726$33,167,697$139,958,862
86$204,438,162$52,045,870$34,143,516$153,130,753
87$225,151,295$54,456,557$35,147,764$167,608,731
88$247,972,770$56,980,972$36,181,257$183,524,686
89$273,117,502$59,624,549$37,244,839$201,023,908
90$300,822,319$62,392,983$38,339,372$220,266,457
91$331,348,202$65,292,246$39,465,748$241,428,661
92$364,982,748$68,328,596$40,624,880$264,704,780
93$402,042,885$71,508,593$41,817,710$290,308,831
94$442,877,860$74,839,115$43,045,204$318,476,595
95$487,872,541$78,327,371$44,308,358$349,467,843
96$537,451,045$81,980,917$45,608,193$383,568,775
97$592,080,745$85,807,675$46,945,760$421,094,714
98$652,276,679$89,815,950$48,322,142$462,393,076
99$718,606,416$94,014,447$49,738,449$507,846,637
100$791,695,407$98,412,291$51,195,824$557,877,140