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%14.9%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,218,849
2 years$637,739$625,862$614,351$603,190$592,365$567,171
3 years$420,936$409,008$397,526$386,470$375,821$351,334
4 years$312,556$300,664$289,297$278,430$268,038$244,449
5 years$247,545$235,724$224,506$213,861$203,758$181,133
6 years$204,218$192,487$181,434$171,026$161,227$139,590
7 years$173,283$161,650$150,773$140,610$131,121$110,476
8 years$150,092$138,564$127,867$117,954$108,777$89,120
9 years$132,064$120,645$110,132$100,471$91,606$72,922
10 years$117,650$106,342$96,016$86,607$78,053$60,325
11 years$105,864$94,670$84,531$75,374$67,128$50,334
12 years$96,050$84,971$75,019$66,113$58,172$42,287
13 years$87,752$76,789$67,024$58,368$50,727$35,724
14 years$80,646$69,799$60,222$51,813$44,467$30,318
15 years$74,493$63,763$54,372$46,208$39,152$25,828
16 years$69,114$58,501$49,296$41,374$34,603$22,071
17 years$64,373$53,877$44,858$37,174$30,681$18,911
18 years$60,163$49,785$40,949$33,501$27,280$16,239
19 years$56,401$46,140$37,487$30,271$24,316$13,972
20 years$53,019$42,876$34,404$27,417$21,719$12,040
21 years$49,964$39,937$31,645$24,882$19,436$10,389
22 years$47,190$37,280$29,166$22,624$17,422$8,975
23 years$44,661$34,867$26,929$20,604$15,639$7,762
24 years$42,346$32,668$24,905$18,792$14,057$6,718
25 years$40,219$30,657$23,067$17,162$12,649$5,819
26 years$38,260$28,813$21,394$15,692$11,394$5,043
27 years$36,448$27,116$19,866$14,363$10,272$4,374
28 years$34,769$25,552$18,468$13,160$9,269$3,795
29 years$33,209$24,105$17,186$12,068$8,369$3,294
30 years$31,755$22,765$16,008$11,075$7,562$2,860
31 years$30,398$21,520$14,924$10,172$6,837$2,484
32 years$29,128$20,362$13,924$9,348$6,185$2,158
33 years$27,937$19,284$13,001$8,596$5,597$1,875
34 years$26,819$18,277$12,147$7,909$5,068$1,630
35 years$25,768$17,335$11,357$7,281$4,590$1,417
36 years$24,776$16,453$10,624$6,706$4,159$1,232
37 years$23,841$15,627$9,944$6,178$3,769$1,071
38 years$22,957$14,851$9,312$5,695$3,417$932
39 years$22,120$14,122$8,725$5,251$3,099$810
40 years$21,328$13,436$8,177$4,843$2,811$705
41 years$20,576$12,790$7,668$4,468$2,550$613
42 years$19,861$12,181$7,193$4,124$2,314$533
43 years$19,182$11,606$6,749$3,807$2,100$464
44 years$18,535$11,063$6,335$3,515$1,906$404
45 years$17,919$10,549$5,949$3,246$1,730$351
46 years$17,331$10,063$5,587$2,998$1,571$306
47 years$16,770$9,604$5,249$2,770$1,427$266
48 years$16,234$9,168$4,933$2,560$1,296$231
49 years$15,722$8,755$4,636$2,366$1,177$201
50 years$15,231$8,363$4,359$2,187$1,069$175

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 $4,593 every year, while hoping to spend $53,747 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: 54/16/30 Blend
59$15,600,000$15,600,000$15,600,000$15,600,000
60$17,195,938$16,369,138$16,127,338$17,980,290
61$18,892,737$17,114,039$16,610,417$19,269,343
62$20,760,808$17,893,639$17,107,878$20,666,212
63$22,817,565$18,709,582$17,620,146$22,186,059
64$25,082,194$19,563,589$18,147,659$23,840,726
65$27,575,838$20,457,465$18,690,866$25,643,238
66$30,321,795$21,393,102$19,250,231$27,607,919
67$33,345,736$22,372,481$19,826,231$29,750,527
68$36,675,948$23,397,681$20,419,358$32,088,397
69$40,343,605$24,470,877$21,030,116$34,640,600
70$44,383,054$25,594,351$21,659,026$37,428,121
71$48,832,145$26,770,494$22,306,623$40,474,051
72$53,732,587$28,001,811$22,973,458$43,803,802
73$59,130,340$29,290,930$23,660,099$47,445,340
74$65,076,051$30,640,601$24,367,128$51,429,448
75$71,625,528$32,053,711$25,095,147$55,790,006
76$78,840,271$33,533,282$25,844,773$60,564,311
77$86,788,050$35,082,483$26,616,644$65,793,421
78$95,543,543$36,704,637$27,411,414$71,522,537
79$105,189,045$38,403,225$28,229,756$77,801,422
80$115,815,239$40,181,895$29,072,365$84,684,871
81$127,522,058$42,044,472$29,939,954$92,233,213
82$140,419,623$43,994,966$30,833,258$100,512,880
83$154,629,285$46,037,580$31,753,032$109,597,026
84$170,284,768$48,176,717$32,700,055$119,566,208
85$187,533,435$50,416,997$33,675,127$130,509,142
86$206,537,673$52,763,258$34,679,071$142,523,531
87$227,476,433$55,220,574$35,712,737$155,716,977
88$250,546,911$57,794,264$36,776,996$170,207,993
89$275,966,416$60,489,903$37,872,745$186,127,109
90$303,974,418$63,313,336$39,000,910$203,618,096
91$334,834,808$66,270,689$40,162,440$222,839,315
92$368,838,390$69,368,384$41,358,313$243,965,198
93$406,305,626$72,613,156$42,589,537$267,187,888
94$447,589,661$76,012,061$43,857,148$292,719,041
95$493,079,654$79,572,500$45,162,210$320,791,810
96$543,204,456$83,302,230$46,505,821$351,663,039
97$598,436,654$87,209,382$47,889,109$385,615,670
98$659,297,034$91,302,484$49,313,236$422,961,403
99$726,359,499$95,590,472$50,779,396$464,043,627
100$800,256,480$100,082,718$52,288,819$509,240,645