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

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,220,561
2 years$645,915$633,886$622,227$610,924$599,959$560,662
3 years$426,333$414,251$402,622$391,425$380,639$342,630
4 years$316,563$304,519$293,006$281,999$271,475$235,046
5 years$250,719$238,746$227,385$216,603$206,371$171,620
6 years$206,836$194,954$183,761$173,219$163,294$130,251
7 years$175,504$163,722$152,706$142,413$132,802$101,464
8 years$152,016$140,340$129,507$119,467$110,172$80,519
9 years$133,757$122,191$111,544$101,759$92,781$64,780
10 years$119,158$107,706$97,247$87,717$79,054$52,663
11 years$107,222$95,884$85,614$76,340$67,989$43,161
12 years$97,282$86,060$75,981$66,961$58,918$35,601
13 years$88,877$77,773$67,884$59,116$51,377$29,516
14 years$81,680$70,694$60,994$52,477$45,037$24,572
15 years$75,448$64,580$55,069$46,800$39,654$20,526
16 years$70,000$59,251$49,928$41,904$35,047$17,194
17 years$65,198$54,568$45,433$37,651$31,075$14,435
18 years$60,935$50,423$41,474$33,931$27,630$12,142
19 years$57,124$46,732$37,968$30,659$24,627$10,230
20 years$53,699$43,425$34,845$27,768$21,998$8,630
21 years$50,604$40,449$32,051$25,201$19,685$7,288
22 years$47,795$37,758$29,540$22,914$17,645$6,161
23 years$45,233$35,314$27,275$20,868$15,839$5,212
24 years$42,889$33,087$25,224$19,033$14,237$4,412
25 years$40,735$31,051$23,363$17,382$12,811$3,737
26 years$38,750$29,182$21,668$15,893$11,540$3,167
27 years$36,915$27,464$20,120$14,547$10,404$2,685
28 years$35,215$25,879$18,705$13,328$9,388$2,277
29 years$33,634$24,414$17,406$12,222$8,477$1,931
30 years$32,162$23,057$16,213$11,217$7,659$1,639
31 years$30,787$21,796$15,115$10,302$6,925$1,391
32 years$29,501$20,624$14,103$9,468$6,264$1,180
33 years$28,295$19,531$13,168$8,707$5,669$1,002
34 years$27,163$18,511$12,303$8,011$5,133$851
35 years$26,098$17,557$11,503$7,374$4,649$722
36 years$25,094$16,664$10,760$6,792$4,212$613
37 years$24,147$15,827$10,072$6,258$3,817$521
38 years$23,251$15,042$9,432$5,768$3,461$443
39 years$22,404$14,303$8,836$5,318$3,138$376
40 years$21,601$13,608$8,282$4,905$2,847$319
41 years$20,839$12,954$7,766$4,526$2,583$271
42 years$20,116$12,337$7,285$4,177$2,343$230
43 years$19,428$11,754$6,836$3,856$2,127$196
44 years$18,773$11,204$6,417$3,560$1,930$166
45 years$18,149$10,684$6,025$3,288$1,753$141
46 years$17,553$10,192$5,659$3,037$1,591$120
47 years$16,985$9,727$5,316$2,806$1,445$102
48 years$16,442$9,285$4,996$2,593$1,312$87
49 years$15,923$8,867$4,696$2,396$1,192$74
50 years$15,426$8,470$4,415$2,215$1,082$62

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 $3,793 every year, while hoping to spend $22,068 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: 50/44/6 Blend
59$15,800,000$15,800,000$15,800,000$15,800,000
60$17,415,512$16,578,112$16,333,212$18,260,272
61$19,168,415$17,366,960$16,856,895$19,624,737
62$21,099,373$18,193,721$17,397,381$21,103,866
63$23,226,526$19,060,231$17,955,211$22,710,522
64$25,569,862$19,968,412$18,530,940$24,456,640
65$28,151,407$20,920,283$19,125,146$26,355,323
66$30,995,432$21,917,958$19,738,419$28,420,960
67$34,128,683$22,963,656$20,371,374$30,669,347
68$37,580,636$24,059,701$21,024,641$33,117,839
69$41,383,768$25,208,535$21,698,875$35,785,499
70$45,573,872$26,412,713$22,394,747$38,693,268
71$50,190,389$27,674,917$23,112,953$41,864,161
72$55,276,782$28,997,962$23,854,210$45,323,469
73$60,880,947$30,384,795$24,619,259$49,098,989
74$67,055,664$31,838,510$25,408,865$53,221,278
75$73,859,095$33,362,350$26,223,815$57,723,929
76$81,355,334$34,959,717$27,064,924$62,643,880
77$89,615,012$36,634,176$27,933,032$68,021,745
78$98,715,962$38,389,470$28,829,008$73,902,192
79$108,743,955$40,229,520$29,753,745$80,334,346
80$119,793,512$42,158,439$30,708,169$87,372,244
81$131,968,790$44,180,542$31,693,232$95,075,327
82$145,384,571$46,300,353$32,709,920$103,508,990
83$160,167,343$48,522,617$33,759,248$112,745,180
84$176,456,494$50,852,307$34,842,265$122,863,061
85$194,405,630$53,294,643$35,960,054$133,949,746
86$214,184,020$55,855,097$37,113,732$146,101,098
87$235,978,201$58,539,407$38,304,453$159,422,618
88$259,993,731$61,353,592$39,533,405$174,030,421
89$286,457,136$64,303,963$40,801,819$190,052,312
90$315,618,046$67,397,139$42,110,963$207,628,972
91$347,751,551$70,640,063$43,462,144$226,915,259
92$383,160,798$74,040,015$44,856,715$248,081,653
93$422,179,854$77,604,630$46,296,069$271,315,835
94$465,176,858$81,341,916$47,781,646$296,824,436
95$512,557,498$85,260,270$49,314,932$324,834,957
96$564,768,841$89,368,501$50,897,460$355,597,892
97$622,303,550$93,675,845$52,530,812$389,389,063
98$685,704,541$98,191,991$54,216,623$426,512,186
99$755,570,103$102,927,097$55,956,579$467,301,715
100$832,559,548$107,891,820$57,752,419$512,125,956