Can I retire at age 60 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,215,374
2 years$637,739$625,862$614,351$603,190$592,365$563,717
3 years$420,936$409,008$397,526$386,470$375,821$348,012
4 years$312,556$300,664$289,297$278,430$268,038$241,283
5 years$247,545$235,724$224,506$213,861$203,758$178,131
6 years$204,218$192,487$181,434$171,026$161,227$136,754
7 years$173,283$161,650$150,773$140,610$131,121$107,806
8 years$150,092$138,564$127,867$117,954$108,777$86,612
9 years$132,064$120,645$110,132$100,471$91,606$70,573
10 years$117,650$106,342$96,016$86,607$78,053$58,130
11 years$105,864$94,670$84,531$75,374$67,128$48,287
12 years$96,050$84,971$75,019$66,113$58,172$40,383
13 years$87,752$76,789$67,024$58,368$50,727$33,957
14 years$80,646$69,799$60,222$51,813$44,467$28,682
15 years$74,493$63,763$54,372$46,208$39,152$24,315
16 years$69,114$58,501$49,296$41,374$34,603$20,676
17 years$64,373$53,877$44,858$37,174$30,681$17,626
18 years$60,163$49,785$40,949$33,501$27,280$15,059
19 years$56,401$46,140$37,487$30,271$24,316$12,888
20 years$53,019$42,876$34,404$27,417$21,719$11,048
21 years$49,964$39,937$31,645$24,882$19,436$9,482
22 years$47,190$37,280$29,166$22,624$17,422$8,148
23 years$44,661$34,867$26,929$20,604$15,639$7,008
24 years$42,346$32,668$24,905$18,792$14,057$6,032
25 years$40,219$30,657$23,067$17,162$12,649$5,196
26 years$38,260$28,813$21,394$15,692$11,394$4,478
27 years$36,448$27,116$19,866$14,363$10,272$3,861
28 years$34,769$25,552$18,468$13,160$9,269$3,331
29 years$33,209$24,105$17,186$12,068$8,369$2,875
30 years$31,755$22,765$16,008$11,075$7,562$2,482
31 years$30,398$21,520$14,924$10,172$6,837$2,143
32 years$29,128$20,362$13,924$9,348$6,185$1,851
33 years$27,937$19,284$13,001$8,596$5,597$1,599
34 years$26,819$18,277$12,147$7,909$5,068$1,382
35 years$25,768$17,335$11,357$7,281$4,590$1,194
36 years$24,776$16,453$10,624$6,706$4,159$1,032
37 years$23,841$15,627$9,944$6,178$3,769$892
38 years$22,957$14,851$9,312$5,695$3,417$771
39 years$22,120$14,122$8,725$5,251$3,099$667
40 years$21,328$13,436$8,177$4,843$2,811$577
41 years$20,576$12,790$7,668$4,468$2,550$499
42 years$19,861$12,181$7,193$4,124$2,314$431
43 years$19,182$11,606$6,749$3,807$2,100$373
44 years$18,535$11,063$6,335$3,515$1,906$322
45 years$17,919$10,549$5,949$3,246$1,730$279
46 years$17,331$10,063$5,587$2,998$1,571$241
47 years$16,770$9,604$5,249$2,770$1,427$209
48 years$16,234$9,168$4,933$2,560$1,296$180
49 years$15,722$8,755$4,636$2,366$1,177$156
50 years$15,231$8,363$4,359$2,187$1,069$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,600,000, adding $2,529 every year, while hoping to spend $22,391 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: 22/48/30 Blend
59$15,600,000$15,600,000$15,600,000$15,600,000
60$17,193,809$16,367,009$16,125,209$17,409,058
61$18,923,753$17,145,168$16,641,579$18,381,866
62$20,829,402$17,960,707$17,174,498$19,419,785
63$22,928,652$18,815,433$17,724,495$20,529,669
64$25,241,228$19,711,243$18,292,119$21,717,424
65$27,788,863$20,650,123$18,877,934$22,989,496
66$30,595,507$21,634,159$19,482,525$24,352,922
67$33,687,552$22,665,537$20,106,493$25,815,387
68$37,094,082$23,746,548$20,750,461$27,385,289
69$40,847,146$24,879,596$21,415,068$29,071,808
70$44,982,060$26,067,201$22,100,978$30,884,980
71$49,537,744$27,312,008$22,808,875$32,835,784
72$54,557,084$28,616,786$23,539,462$34,936,231
73$60,087,341$29,984,443$24,293,469$37,199,468
74$66,180,595$31,418,026$25,071,645$39,639,889
75$72,894,238$32,920,732$25,874,768$42,273,258
76$80,291,515$34,495,912$26,703,637$45,116,844
77$88,442,118$36,147,081$27,559,078$48,189,569
78$97,422,851$37,877,925$28,441,944$51,512,174
79$107,318,347$39,692,308$29,353,114$55,107,396
80$118,221,872$41,594,285$30,293,497$59,000,169
81$130,236,203$43,588,105$31,264,029$63,217,841
82$143,474,601$45,678,228$32,265,680$67,790,417
83$158,061,876$47,869,327$33,299,446$72,750,818
84$174,135,569$50,166,305$34,366,358$78,135,178
85$191,847,247$52,574,304$35,467,481$83,983,161
86$211,363,936$55,098,714$36,603,912$90,338,318
87$232,869,698$57,745,192$37,776,783$97,248,469
88$256,567,367$60,519,666$38,987,265$104,766,139
89$282,680,464$63,428,355$40,236,564$112,949,024
90$311,455,309$66,477,782$41,525,927$121,860,512
91$343,163,343$69,674,786$42,856,638$131,570,253
92$378,103,694$73,026,541$44,230,025$142,154,793
93$416,605,998$76,540,569$45,647,458$153,698,260
94$459,033,512$80,224,759$47,110,351$166,293,133
95$505,786,545$84,087,387$48,620,162$180,041,082
96$557,306,232$88,137,129$50,178,397$195,053,893
97$614,078,706$92,383,086$51,786,612$211,454,487
98$676,639,680$96,834,803$53,446,409$229,378,047
99$745,579,510$101,502,290$55,159,446$248,973,252
100$821,548,763$106,396,046$56,927,430$270,403,642