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

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,198,399
2 years$637,739$625,862$614,351$603,190$592,365$546,965
3 years$420,936$409,008$397,526$386,470$375,821$332,014
4 years$312,556$300,664$289,297$278,430$268,038$226,160
5 years$247,545$235,724$224,506$213,861$203,758$163,918
6 years$204,218$192,487$181,434$171,026$161,227$123,452
7 years$173,283$161,650$150,773$140,610$131,121$95,403
8 years$150,092$138,564$127,867$117,954$108,777$75,084
9 years$132,064$120,645$110,132$100,471$91,606$59,892
10 years$117,650$106,342$96,016$86,607$78,053$48,262
11 years$105,864$94,670$84,531$75,374$67,128$39,197
12 years$96,050$84,971$75,019$66,113$58,172$32,031
13 years$87,752$76,789$67,024$58,368$50,727$26,304
14 years$80,646$69,799$60,222$51,813$44,467$21,686
15 years$74,493$63,763$54,372$46,208$39,152$17,936
16 years$69,114$58,501$49,296$41,374$34,603$14,873
17 years$64,373$53,877$44,858$37,174$30,681$12,359
18 years$60,163$49,785$40,949$33,501$27,280$10,288
19 years$56,401$46,140$37,487$30,271$24,316$8,576
20 years$53,019$42,876$34,404$27,417$21,719$7,158
21 years$49,964$39,937$31,645$24,882$19,436$5,980
22 years$47,190$37,280$29,166$22,624$17,422$5,000
23 years$44,661$34,867$26,929$20,604$15,639$4,183
24 years$42,346$32,668$24,905$18,792$14,057$3,502
25 years$40,219$30,657$23,067$17,162$12,649$2,933
26 years$38,260$28,813$21,394$15,692$11,394$2,458
27 years$36,448$27,116$19,866$14,363$10,272$2,060
28 years$34,769$25,552$18,468$13,160$9,269$1,727
29 years$33,209$24,105$17,186$12,068$8,369$1,449
30 years$31,755$22,765$16,008$11,075$7,562$1,215
31 years$30,398$21,520$14,924$10,172$6,837$1,019
32 years$29,128$20,362$13,924$9,348$6,185$855
33 years$27,937$19,284$13,001$8,596$5,597$718
34 years$26,819$18,277$12,147$7,909$5,068$602
35 years$25,768$17,335$11,357$7,281$4,590$505
36 years$24,776$16,453$10,624$6,706$4,159$424
37 years$23,841$15,627$9,944$6,178$3,769$356
38 years$22,957$14,851$9,312$5,695$3,417$299
39 years$22,120$14,122$8,725$5,251$3,099$251
40 years$21,328$13,436$8,177$4,843$2,811$211
41 years$20,576$12,790$7,668$4,468$2,550$177
42 years$19,861$12,181$7,193$4,124$2,314$148
43 years$19,182$11,606$6,749$3,807$2,100$125
44 years$18,535$11,063$6,335$3,515$1,906$105
45 years$17,919$10,549$5,949$3,246$1,730$88
46 years$17,331$10,063$5,587$2,998$1,571$74
47 years$16,770$9,604$5,249$2,770$1,427$62
48 years$16,234$9,168$4,933$2,560$1,296$52
49 years$15,722$8,755$4,636$2,366$1,177$44
50 years$15,231$8,363$4,359$2,187$1,069$37

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 $5,041 every year, while hoping to spend $28,651 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: 67/12/21 Blend
59$15,600,000$15,600,000$15,600,000$15,600,000
60$17,196,400$16,369,600$16,127,800$18,257,270
61$18,919,948$17,141,226$16,637,597$19,740,510
62$20,818,338$17,949,701$17,163,511$21,358,158
63$22,909,373$18,796,801$17,706,054$23,126,517
64$25,212,673$19,684,388$18,265,750$25,060,421
65$27,749,854$20,614,412$18,843,142$27,176,195
66$30,544,742$21,588,920$19,438,789$29,491,808
67$33,623,586$22,610,058$20,053,269$32,027,037
68$37,015,316$23,680,075$20,687,178$34,803,655
69$40,751,809$24,801,330$21,341,129$37,845,629
70$44,868,194$25,976,295$22,015,757$41,179,343
71$49,403,181$27,207,564$22,711,716$44,833,848
72$54,399,427$28,497,856$23,429,680$48,841,128
73$59,903,939$29,850,022$24,170,345$53,236,400
74$65,968,518$31,267,051$24,934,429$58,058,443
75$72,650,248$32,752,077$25,722,673$63,349,959
76$80,012,031$34,308,387$26,535,841$69,157,973
77$88,123,187$35,939,427$27,374,721$75,534,270
78$97,060,104$37,648,810$28,240,125$82,535,882
79$106,906,960$39,440,327$29,132,895$90,225,620
80$117,756,516$41,317,950$30,053,893$98,672,662
81$129,710,997$43,285,845$31,004,014$107,953,202
82$142,883,048$45,348,382$31,984,179$118,151,161
83$157,396,808$47,510,141$32,995,337$129,358,979
84$173,389,070$49,775,926$34,038,470$141,678,474
85$191,010,585$52,150,775$35,114,587$155,221,803
86$210,427,472$54,639,971$36,224,733$170,112,512
87$231,822,796$57,249,052$37,369,984$186,486,696
88$255,398,293$59,983,827$38,551,450$204,494,276
89$281,376,272$62,850,387$39,770,277$224,300,408
90$310,001,717$65,855,121$41,027,646$246,087,034
91$341,544,596$69,004,727$42,324,777$270,054,590
92$376,302,414$72,306,228$43,662,926$296,423,894
93$414,603,018$75,766,991$45,043,392$325,438,217
94$456,807,694$79,394,741$46,467,513$357,365,572
95$503,314,574$83,197,578$47,936,670$392,501,239
96$554,562,399$87,183,998$49,452,287$431,170,535
97$611,034,659$91,362,910$51,015,834$473,731,880
98$673,264,157$95,743,655$52,628,828$520,580,170
99$741,838,039$100,336,032$54,292,831$572,150,491
100$817,403,336$105,150,314$56,009,458$628,922,216