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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,245,094
2 years$641,827$629,874$618,289$607,057$596,162$589,254
3 years$423,635$411,630$400,074$388,947$378,230$371,474
4 years$314,560$302,591$291,151$280,215$269,757$263,205
5 years$249,132$237,235$225,945$215,232$205,065$198,736
6 years$205,527$193,720$182,598$172,122$162,261$156,163
7 years$174,394$162,686$151,739$141,511$131,961$126,099
8 years$151,054$139,452$128,687$118,710$109,475$103,847
9 years$132,910$121,418$110,838$101,115$92,194$86,799
10 years$118,404$107,024$96,631$87,162$78,553$73,390
11 years$106,543$95,277$85,073$75,857$67,559$62,622
12 years$96,666$85,516$75,500$66,537$58,545$53,832
13 years$88,315$77,281$67,454$58,742$51,052$46,558
14 years$81,163$70,247$60,608$52,145$44,752$40,471
15 years$74,970$64,171$54,721$46,504$39,403$35,330
16 years$69,557$58,876$49,612$41,639$34,825$30,954
17 years$64,785$54,223$45,145$37,412$30,878$27,204
18 years$60,549$50,104$41,212$33,716$27,455$23,971
19 years$56,763$46,436$37,727$30,465$24,472$21,171
20 years$53,359$43,151$34,624$27,592$21,858$18,736
21 years$50,284$40,193$31,848$25,042$19,561$16,609
22 years$47,492$37,519$29,353$22,769$17,533$14,746
23 years$44,947$35,091$27,102$20,736$15,739$13,109
24 years$42,617$32,878$25,065$18,912$14,147$11,668
25 years$40,477$30,854$23,215$17,272$12,730$10,396
26 years$38,505$28,998$21,531$15,792$11,467$9,271
27 years$36,682$27,290$19,993$14,455$10,338$8,274
28 years$34,992$25,716$18,586$13,244$9,328$7,390
29 years$33,421$24,260$17,296$12,145$8,423$6,605
30 years$31,958$22,911$16,111$11,146$7,611$5,906
31 years$30,592$21,658$15,019$10,237$6,881$5,284
32 years$29,314$20,493$14,013$9,408$6,224$4,729
33 years$28,116$19,407$13,084$8,651$5,633$4,235
34 years$26,991$18,394$12,225$7,960$5,100$3,793
35 years$25,933$17,446$11,430$7,328$4,619$3,399
36 years$24,935$16,559$10,692$6,749$4,185$3,046
37 years$23,994$15,727$10,008$6,218$3,793$2,731
38 years$23,104$14,946$9,372$5,731$3,439$2,449
39 years$22,262$14,213$8,780$5,284$3,119$2,196
40 years$21,464$13,522$8,230$4,874$2,829$1,970
41 years$20,707$12,872$7,717$4,497$2,566$1,768
42 years$19,988$12,259$7,239$4,150$2,329$1,586
43 years$19,305$11,680$6,793$3,831$2,113$1,424
44 years$18,654$11,133$6,376$3,537$1,918$1,278
45 years$18,034$10,617$5,987$3,267$1,741$1,147
46 years$17,442$10,128$5,623$3,018$1,581$1,030
47 years$16,878$9,665$5,283$2,788$1,436$924
48 years$16,338$9,227$4,964$2,576$1,304$830
49 years$15,822$8,811$4,666$2,381$1,184$745
50 years$15,329$8,417$4,387$2,201$1,076$669

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 $5,268 every year, while hoping to spend $44,141 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: 61/17/22 Blend
59$15,700,000$15,700,000$15,700,000$15,700,000
60$17,306,834$16,474,734$16,231,384$18,262,046
61$19,025,165$17,235,030$16,728,170$19,669,763
62$20,917,287$18,031,102$17,240,118$21,200,166
63$23,000,879$18,864,654$17,767,691$22,869,519
64$25,295,424$19,737,477$18,311,363$24,691,345
65$27,822,388$20,651,445$18,871,625$26,680,522
66$30,605,428$21,608,522$19,448,981$28,853,417
67$33,670,610$22,610,768$20,043,951$31,228,037
68$37,046,659$23,660,343$20,657,070$33,824,199
69$40,765,227$24,759,508$21,288,890$36,663,709
70$44,861,193$25,910,636$21,939,980$39,770,566
71$49,372,991$27,116,214$22,610,927$43,171,183
72$54,342,976$28,378,848$23,302,332$46,894,634
73$59,817,818$29,701,270$24,014,819$50,972,920
74$65,848,947$31,086,345$24,749,027$55,441,271
75$72,493,038$32,537,074$25,505,618$60,338,468
76$79,812,542$34,056,605$26,285,270$65,707,211
77$87,876,280$35,648,237$27,088,685$71,594,508
78$96,760,089$37,315,429$27,916,585$78,052,121
79$106,547,540$39,061,807$28,769,712$85,137,044
80$117,330,726$40,891,172$29,648,834$92,912,035
81$129,211,129$42,807,509$30,554,740$101,446,204
82$142,300,583$44,814,995$31,488,242$110,815,657
83$156,722,324$46,918,011$32,450,179$121,104,207
84$172,612,155$49,121,148$33,441,415$132,404,160
85$190,119,730$51,429,220$34,462,837$144,817,177
86$209,409,963$53,847,272$35,515,363$158,455,224
87$230,664,588$56,380,597$36,599,936$173,441,625
88$254,083,871$59,034,741$37,717,529$189,912,215
89$279,888,503$61,815,521$38,869,143$208,016,609
90$308,321,682$64,729,033$40,055,811$227,919,615
91$339,651,408$67,781,670$41,278,596$249,802,768
92$374,173,016$70,980,135$42,538,592$273,866,043
93$412,211,958$74,331,456$43,836,929$300,329,726
94$454,126,880$77,843,001$45,174,770$329,436,485
95$500,313,008$81,522,494$46,553,310$361,453,648
96$551,205,875$85,378,036$47,973,786$396,675,713
97$607,285,433$89,418,119$49,437,467$435,427,121
98$669,080,588$93,651,647$50,945,663$478,065,295
99$737,174,188$98,087,958$52,499,722$524,984,012
100$812,208,527$102,736,840$54,101,036$576,617,096