Can I retire at age 60 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,221,179
2 years$641,827$629,874$618,289$607,057$596,162$565,361
3 years$423,635$411,630$400,074$388,947$378,230$348,351
4 years$314,560$302,591$291,151$280,215$269,757$241,030
5 years$249,132$237,235$225,945$215,232$205,065$177,571
6 years$205,527$193,720$182,598$172,122$162,261$136,027
7 years$174,394$162,686$151,739$141,511$131,961$106,991
8 years$151,054$139,452$128,687$118,710$109,475$85,756
9 years$132,910$121,418$110,838$101,115$92,194$69,708
10 years$118,404$107,024$96,631$87,162$78,553$57,275
11 years$106,543$95,277$85,073$75,857$67,559$47,456
12 years$96,666$85,516$75,500$66,537$58,545$39,584
13 years$88,315$77,281$67,454$58,742$51,052$33,197
14 years$81,163$70,247$60,608$52,145$44,752$27,963
15 years$74,970$64,171$54,721$46,504$39,403$23,639
16 years$69,557$58,876$49,612$41,639$34,825$20,044
17 years$64,785$54,223$45,145$37,412$30,878$17,038
18 years$60,549$50,104$41,212$33,716$27,455$14,514
19 years$56,763$46,436$37,727$30,465$24,472$12,385
20 years$53,359$43,151$34,624$27,592$21,858$10,584
21 years$50,284$40,193$31,848$25,042$19,561$9,056
22 years$47,492$37,519$29,353$22,769$17,533$7,758
23 years$44,947$35,091$27,102$20,736$15,739$6,651
24 years$42,617$32,878$25,065$18,912$14,147$5,707
25 years$40,477$30,854$23,215$17,272$12,730$4,900
26 years$38,505$28,998$21,531$15,792$11,467$4,210
27 years$36,682$27,290$19,993$14,455$10,338$3,618
28 years$34,992$25,716$18,586$13,244$9,328$3,111
29 years$33,421$24,260$17,296$12,145$8,423$2,676
30 years$31,958$22,911$16,111$11,146$7,611$2,303
31 years$30,592$21,658$15,019$10,237$6,881$1,982
32 years$29,314$20,493$14,013$9,408$6,224$1,706
33 years$28,116$19,407$13,084$8,651$5,633$1,469
34 years$26,991$18,394$12,225$7,960$5,100$1,265
35 years$25,933$17,446$11,430$7,328$4,619$1,090
36 years$24,935$16,559$10,692$6,749$4,185$939
37 years$23,994$15,727$10,008$6,218$3,793$809
38 years$23,104$14,946$9,372$5,731$3,439$697
39 years$22,262$14,213$8,780$5,284$3,119$600
40 years$21,464$13,522$8,230$4,874$2,829$517
41 years$20,707$12,872$7,717$4,497$2,566$446
42 years$19,988$12,259$7,239$4,150$2,329$384
43 years$19,305$11,680$6,793$3,831$2,113$331
44 years$18,654$11,133$6,376$3,537$1,918$285
45 years$18,034$10,617$5,987$3,267$1,741$246
46 years$17,442$10,128$5,623$3,018$1,581$212
47 years$16,878$9,665$5,283$2,788$1,436$183
48 years$16,338$9,227$4,964$2,576$1,304$157
49 years$15,822$8,811$4,666$2,381$1,184$136
50 years$15,329$8,417$4,387$2,201$1,076$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,700,000, adding $4,026 every year, while hoping to spend $47,178 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: 63/23/14 Blend
59$15,700,000$15,700,000$15,700,000$15,700,000
60$17,305,553$16,473,453$16,230,103$18,337,103
61$19,020,522$17,230,455$16,723,614$19,786,146
62$20,908,837$18,022,969$17,232,077$21,362,034
63$22,988,129$18,852,685$17,755,942$23,081,718
64$25,277,827$19,721,375$18,295,675$24,959,181
65$27,799,338$20,630,896$18,851,753$27,009,804
66$30,576,254$21,583,192$19,424,670$29,250,504
67$33,634,568$22,580,305$20,014,932$31,699,896
68$37,002,926$23,624,372$20,623,065$34,378,458
69$40,712,892$24,717,634$21,249,605$37,308,722
70$44,799,247$25,862,439$21,895,107$40,515,482
71$49,300,321$27,061,249$22,560,144$44,026,027
72$54,258,348$28,316,644$23,245,303$47,870,384
73$59,719,870$29,631,330$23,951,191$52,081,608
74$65,736,173$31,008,141$24,678,432$56,696,078
75$72,363,772$32,450,050$25,427,669$61,753,842
76$79,664,946$33,960,171$26,199,565$67,298,983
77$87,708,321$35,541,770$26,994,801$73,380,034
78$96,569,524$37,198,271$27,814,081$80,050,426
79$106,331,890$38,933,261$28,658,127$87,368,987
80$117,087,254$40,750,502$29,527,686$95,400,490
81$128,936,815$42,653,938$30,423,525$104,216,256
82$141,992,091$44,647,702$31,346,434$113,894,819
83$156,375,973$46,736,127$32,297,227$124,522,661
84$172,223,882$48,923,757$33,276,744$136,195,017
85$189,685,050$51,215,354$34,285,848$149,016,768
86$208,923,930$53,615,911$35,325,428$163,103,418
87$230,121,742$56,130,662$36,396,401$178,582,180
88$253,478,189$58,765,094$37,499,710$195,593,158
89$279,213,341$61,524,960$38,636,327$214,290,668
90$307,569,710$64,416,292$39,807,252$234,844,675
91$338,814,542$67,445,411$41,013,517$257,442,394
92$373,242,338$70,618,949$42,256,182$282,290,038
93$411,177,633$73,943,854$43,536,341$309,614,754
94$452,978,062$77,427,414$44,855,119$339,666,755
95$499,037,735$81,077,268$46,213,676$372,721,666
96$549,790,956$84,901,426$47,613,206$409,083,114
97$605,716,324$88,908,285$49,054,939$449,085,574
98$667,341,249$93,106,652$50,540,140$493,097,516
99$735,246,936$97,505,758$52,070,114$541,524,862
100$810,073,865$102,115,281$53,646,204$594,814,802