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%18.9%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,207,040
2 years$641,827$629,874$618,289$607,057$596,162$551,412
3 years$423,635$411,630$400,074$388,947$378,230$335,036
4 years$314,560$302,591$291,151$280,215$269,757$228,449
5 years$249,132$237,235$225,945$215,232$205,065$165,751
6 years$205,527$193,720$182,598$172,122$162,261$124,971
7 years$174,394$162,686$151,739$141,511$131,961$96,687
8 years$151,054$139,452$128,687$118,710$109,475$76,185
9 years$132,910$121,418$110,838$101,115$92,194$60,845
10 years$118,404$107,024$96,631$87,162$78,553$49,092
11 years$106,543$95,277$85,073$75,857$67,559$39,923
12 years$96,666$85,516$75,500$66,537$58,545$32,668
13 years$88,315$77,281$67,454$58,742$51,052$26,864
14 years$81,163$70,247$60,608$52,145$44,752$22,178
15 years$74,970$64,171$54,721$46,504$39,403$18,369
16 years$69,557$58,876$49,612$41,639$34,825$15,254
17 years$64,785$54,223$45,145$37,412$30,878$12,694
18 years$60,549$50,104$41,212$33,716$27,455$10,583
19 years$56,763$46,436$37,727$30,465$24,472$8,835
20 years$53,359$43,151$34,624$27,592$21,858$7,386
21 years$50,284$40,193$31,848$25,042$19,561$6,180
22 years$47,492$37,519$29,353$22,769$17,533$5,175
23 years$44,947$35,091$27,102$20,736$15,739$4,337
24 years$42,617$32,878$25,065$18,912$14,147$3,637
25 years$40,477$30,854$23,215$17,272$12,730$3,051
26 years$38,505$28,998$21,531$15,792$11,467$2,560
27 years$36,682$27,290$19,993$14,455$10,338$2,150
28 years$34,992$25,716$18,586$13,244$9,328$1,805
29 years$33,421$24,260$17,296$12,145$8,423$1,516
30 years$31,958$22,911$16,111$11,146$7,611$1,274
31 years$30,592$21,658$15,019$10,237$6,881$1,070
32 years$29,314$20,493$14,013$9,408$6,224$900
33 years$28,116$19,407$13,084$8,651$5,633$756
34 years$26,991$18,394$12,225$7,960$5,100$636
35 years$25,933$17,446$11,430$7,328$4,619$534
36 years$24,935$16,559$10,692$6,749$4,185$449
37 years$23,994$15,727$10,008$6,218$3,793$378
38 years$23,104$14,946$9,372$5,731$3,439$318
39 years$22,262$14,213$8,780$5,284$3,119$267
40 years$21,464$13,522$8,230$4,874$2,829$225
41 years$20,707$12,872$7,717$4,497$2,566$189
42 years$19,988$12,259$7,239$4,150$2,329$159
43 years$19,305$11,680$6,793$3,831$2,113$134
44 years$18,654$11,133$6,376$3,537$1,918$112
45 years$18,034$10,617$5,987$3,267$1,741$94
46 years$17,442$10,128$5,623$3,018$1,581$79
47 years$16,878$9,665$5,283$2,788$1,436$67
48 years$16,338$9,227$4,964$2,576$1,304$56
49 years$15,822$8,811$4,666$2,381$1,184$47
50 years$15,329$8,417$4,387$2,201$1,076$40

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 $5,951 every year, while hoping to spend $59,525 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: 55/32/13 Blend
59$15,700,000$15,700,000$15,700,000$15,700,000
60$17,307,538$16,475,438$16,232,088$18,200,969
61$19,009,573$17,219,401$16,712,529$19,552,145
62$20,883,221$17,997,822$17,207,070$21,015,659
63$22,945,922$18,812,329$17,716,120$22,607,826
64$25,216,896$19,664,623$18,240,100$24,340,922
65$27,717,320$20,556,490$18,779,444$26,228,442
66$30,470,529$21,489,800$19,334,598$28,285,215
67$33,502,236$22,466,513$19,906,019$30,527,546
68$36,840,773$23,488,682$20,494,180$32,973,360
69$40,517,363$24,558,458$21,099,566$35,642,369
70$44,566,408$25,678,096$21,722,675$38,556,248
71$49,025,818$26,849,959$22,364,021$41,738,836
72$53,937,368$28,076,523$23,024,132$45,216,356
73$59,347,089$29,360,383$23,703,551$49,017,651
74$65,305,707$30,704,257$24,402,835$53,174,454
75$71,869,119$32,110,995$25,122,560$57,721,677
76$79,098,919$33,583,584$25,863,315$62,697,736
77$87,062,982$35,125,153$26,625,709$68,144,902
78$95,836,103$36,738,982$27,410,367$74,109,692
79$105,500,701$38,428,508$28,217,930$80,643,303
80$116,147,602$40,197,334$29,049,061$87,802,082
81$127,876,891$42,049,237$29,904,438$95,648,048
82$140,798,858$43,988,173$30,784,760$104,249,473
83$155,035,038$46,018,291$31,690,746$113,681,507
84$170,719,362$48,143,937$32,623,137$124,026,884
85$187,999,416$50,369,669$33,582,690$135,376,689
86$207,037,836$52,700,262$34,570,190$147,831,204
87$228,013,842$55,140,722$35,586,438$161,500,843
88$251,124,933$57,696,296$36,632,263$176,507,182
89$276,588,746$60,372,484$37,708,513$192,984,093
90$304,645,113$63,175,052$38,816,064$211,078,990
91$335,558,326$66,110,040$39,955,813$230,954,209
92$369,619,628$69,183,785$41,128,686$252,788,526
93$407,149,965$72,402,926$42,335,632$276,778,820
94$448,503,014$75,774,422$43,577,628$303,141,925
95$494,068,522$79,305,569$44,855,679$332,116,651
96$544,275,986$83,004,016$46,170,819$363,966,021
97$599,598,704$86,877,780$47,524,109$398,979,736
98$660,558,245$90,935,265$48,916,640$437,476,888
99$727,729,375$95,185,282$50,349,537$479,808,951
100$801,745,477$99,637,067$51,823,952$526,363,075