Can I retire at age 60 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,233,467
2 years$645,915$633,886$622,227$610,924$599,959$573,439
3 years$426,333$414,251$402,622$391,425$380,639$354,873
4 years$316,563$304,519$293,006$281,999$271,475$246,662
5 years$250,719$238,746$227,385$216,603$206,371$182,581
6 years$206,836$194,954$183,761$173,219$163,294$140,552
7 years$175,504$163,722$152,706$142,413$132,802$111,113
8 years$152,016$140,340$129,507$119,467$110,172$89,529
9 years$133,757$122,191$111,544$101,759$92,781$73,170
10 years$119,158$107,706$97,247$87,717$79,054$60,455
11 years$107,222$95,884$85,614$76,340$67,989$50,378
12 years$97,282$86,060$75,981$66,961$58,918$42,269
13 years$88,877$77,773$67,884$59,116$51,377$35,662
14 years$81,680$70,694$60,994$52,477$45,037$30,225
15 years$75,448$64,580$55,069$46,800$39,654$25,712
16 years$70,000$59,251$49,928$41,904$35,047$21,941
17 years$65,198$54,568$45,433$37,651$31,075$18,773
18 years$60,935$50,423$41,474$33,931$27,630$16,097
19 years$57,124$46,732$37,968$30,659$24,627$13,829
20 years$53,699$43,425$34,845$27,768$21,998$11,898
21 years$50,604$40,449$32,051$25,201$19,685$10,252
22 years$47,795$37,758$29,540$22,914$17,645$8,843
23 years$45,233$35,314$27,275$20,868$15,839$7,635
24 years$42,889$33,087$25,224$19,033$14,237$6,598
25 years$40,735$31,051$23,363$17,382$12,811$5,706
26 years$38,750$29,182$21,668$15,893$11,540$4,938
27 years$36,915$27,464$20,120$14,547$10,404$4,275
28 years$35,215$25,879$18,705$13,328$9,388$3,703
29 years$33,634$24,414$17,406$12,222$8,477$3,209
30 years$32,162$23,057$16,213$11,217$7,659$2,782
31 years$30,787$21,796$15,115$10,302$6,925$2,412
32 years$29,501$20,624$14,103$9,468$6,264$2,092
33 years$28,295$19,531$13,168$8,707$5,669$1,815
34 years$27,163$18,511$12,303$8,011$5,133$1,575
35 years$26,098$17,557$11,503$7,374$4,649$1,367
36 years$25,094$16,664$10,760$6,792$4,212$1,186
37 years$24,147$15,827$10,072$6,258$3,817$1,030
38 years$23,251$15,042$9,432$5,768$3,461$894
39 years$22,404$14,303$8,836$5,318$3,138$776
40 years$21,601$13,608$8,282$4,905$2,847$674
41 years$20,839$12,954$7,766$4,526$2,583$585
42 years$20,116$12,337$7,285$4,177$2,343$508
43 years$19,428$11,754$6,836$3,856$2,127$441
44 years$18,773$11,204$6,417$3,560$1,930$383
45 years$18,149$10,684$6,025$3,288$1,753$333
46 years$17,553$10,192$5,659$3,037$1,591$289
47 years$16,985$9,727$5,316$2,806$1,445$251
48 years$16,442$9,285$4,996$2,593$1,312$218
49 years$15,923$8,867$4,696$2,396$1,192$190
50 years$15,426$8,470$4,415$2,215$1,082$165

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,800,000, adding $3,687 every year, while hoping to spend $51,785 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: 47/38/15 Blend
59$15,800,000$15,800,000$15,800,000$15,800,000
60$17,415,403$16,578,003$16,333,103$18,160,225
61$19,136,675$17,335,226$16,825,163$19,434,083
62$21,031,782$18,127,818$17,331,972$20,810,269
63$23,118,399$18,957,456$17,853,968$22,302,773
64$25,416,004$19,825,900$18,391,605$23,922,453
65$27,946,060$20,734,993$18,945,347$25,681,233
66$30,732,217$21,686,667$19,515,675$27,592,207
67$33,800,536$22,682,946$20,103,082$29,669,756
68$37,179,732$23,725,951$20,708,077$31,929,679
69$40,901,450$24,817,908$21,331,183$34,389,333
70$45,000,558$25,961,146$21,972,938$37,067,790
71$49,515,481$27,158,109$22,633,898$39,986,012
72$54,488,560$28,411,356$23,314,633$43,167,038
73$59,966,452$29,723,571$24,015,732$46,636,195
74$66,000,570$31,097,566$24,737,799$50,421,327
75$72,647,571$32,536,289$25,481,458$54,553,050
76$79,969,886$34,042,831$26,247,350$59,065,032
77$88,036,314$35,620,429$27,036,136$63,994,299
78$96,922,667$37,272,479$27,848,495$69,381,577
79$106,712,488$39,002,539$28,685,128$75,271,663
80$117,497,836$40,814,338$29,546,755$81,713,837
81$129,380,162$42,711,787$30,434,118$88,762,317
82$142,471,258$44,698,984$31,347,980$96,476,758
83$156,894,316$46,780,225$32,289,128$104,922,801
84$172,785,093$48,960,012$33,258,370$114,172,679
85$190,293,187$51,243,067$34,256,540$124,305,887
86$209,583,453$53,634,338$35,284,495$135,409,917
87$230,837,557$56,139,013$36,343,117$147,581,064
88$254,255,693$58,762,529$37,433,317$160,925,325
89$280,058,469$61,510,588$38,556,028$175,559,382
90$308,488,992$64,389,166$39,712,214$191,611,679
91$339,815,161$67,404,528$40,902,866$209,223,625
92$374,332,200$70,563,242$42,129,003$228,550,904
93$412,365,436$73,872,193$43,391,677$249,764,923
94$454,273,381$77,338,600$44,691,969$273,054,416
95$500,451,106$80,970,032$46,030,990$298,627,196
96$551,333,977$84,774,422$47,409,886$326,712,096
97$607,401,762$88,760,087$48,829,836$357,561,106
98$669,183,160$92,935,750$50,292,054$391,451,726
99$737,260,792$97,310,552$51,797,788$428,689,556
100$812,276,703$101,894,080$53,348,324$469,611,159