Can I retire at age 60 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,226,811
2 years$650,004$637,898$626,165$614,790$603,756$562,757
3 years$429,031$416,873$405,171$393,902$383,048$343,414
4 years$318,567$306,446$294,860$283,784$273,193$235,227
5 years$252,305$240,257$228,824$217,973$207,677$171,481
6 years$208,146$196,188$184,924$174,315$164,328$129,932
7 years$176,615$164,759$153,672$143,314$133,642$101,043
8 years$152,978$141,229$130,326$120,223$110,869$80,043
9 years$134,604$122,965$112,250$102,403$93,368$64,279
10 years$119,912$108,387$97,862$88,272$79,554$52,157
11 years$107,900$96,491$86,156$76,823$68,419$42,664
12 years$97,897$86,605$76,461$67,384$59,291$35,121
13 years$89,440$78,266$68,313$59,490$51,703$29,059
14 years$82,197$71,141$61,380$52,809$45,322$24,141
15 years$75,925$64,989$55,418$47,096$39,905$20,123
16 years$70,443$59,626$50,244$42,170$35,268$16,820
17 years$65,611$54,913$45,720$37,889$31,271$14,090
18 years$61,320$50,742$41,737$34,146$27,805$11,826
19 years$57,486$47,028$38,208$30,854$24,783$9,941
20 years$54,039$43,700$35,065$27,944$22,137$8,367
21 years$50,925$40,705$32,253$25,361$19,810$7,050
22 years$48,097$37,997$29,726$23,059$17,757$5,945
23 years$45,519$35,538$27,447$21,000$15,940$5,018
24 years$43,160$33,296$25,384$19,153$14,327$4,238
25 years$40,993$31,247$23,511$17,492$12,892$3,581
26 years$38,995$29,367$21,805$15,994$11,613$3,027
27 years$37,149$27,638$20,248$14,639$10,470$2,560
28 years$35,438$26,043$18,823$13,413$9,447$2,166
29 years$33,847$24,569$17,516$12,300$8,530$1,833
30 years$32,366$23,203$16,316$11,288$7,708$1,551
31 years$30,982$21,934$15,211$10,367$6,969$1,313
32 years$29,688$20,754$14,192$9,528$6,304$1,112
33 years$28,475$19,654$13,251$8,762$5,705$941
34 years$27,335$18,628$12,381$8,061$5,165$797
35 years$26,263$17,668$11,575$7,421$4,678$675
36 years$25,253$16,770$10,829$6,835$4,239$572
37 years$24,300$15,927$10,135$6,297$3,842$485
38 years$23,399$15,137$9,491$5,804$3,483$411
39 years$22,546$14,394$8,892$5,352$3,158$348
40 years$21,738$13,694$8,335$4,936$2,865$295
41 years$20,971$13,036$7,815$4,554$2,599$250
42 years$20,243$12,415$7,331$4,203$2,358$212
43 years$19,551$11,829$6,879$3,880$2,140$179
44 years$18,891$11,275$6,457$3,582$1,943$152
45 years$18,263$10,752$6,063$3,309$1,764$129
46 years$17,664$10,257$5,695$3,056$1,601$109
47 years$17,093$9,788$5,350$2,823$1,454$92
48 years$16,546$9,344$5,028$2,609$1,320$78
49 years$16,024$8,923$4,726$2,411$1,199$66
50 years$15,524$8,524$4,443$2,229$1,089$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,900,000, adding $2,114 every year, while hoping to spend $55,099 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: 56/19/25 Blend
59$15,900,000$15,900,000$15,900,000$15,900,000
60$17,523,981$16,681,281$16,434,831$18,385,331
61$19,252,802$17,440,038$16,926,773$19,735,103
62$21,156,116$18,234,129$17,433,348$21,198,971
63$23,251,663$19,065,225$17,954,988$22,792,743
64$25,558,992$19,935,079$18,492,139$24,528,945
65$28,099,641$20,845,530$19,045,258$26,421,356
66$30,897,345$21,798,502$19,614,815$28,485,128
67$33,978,260$22,796,014$20,201,297$30,736,929
68$37,371,203$23,840,179$20,805,201$33,195,095
69$41,107,931$24,933,214$21,427,041$35,879,797
70$45,223,440$26,077,441$22,067,346$38,813,232
71$49,756,289$27,275,294$22,726,660$42,019,820
72$54,748,970$28,529,323$23,405,543$45,526,439
73$60,248,307$29,842,202$24,104,571$49,362,666
74$66,305,898$31,216,733$24,824,338$53,561,054
75$72,978,599$32,655,852$25,565,452$58,157,434
76$80,329,064$34,162,638$26,328,544$63,191,248
77$88,426,337$35,740,315$27,114,258$68,705,913
78$97,346,498$37,392,266$27,923,261$74,749,226
79$107,173,387$39,122,033$28,756,236$81,373,810
80$117,999,392$40,933,331$29,613,889$88,637,601
81$129,926,319$42,830,054$30,496,944$96,604,391
82$143,066,360$44,816,283$31,406,147$105,344,420
83$157,543,143$46,896,295$32,342,267$114,935,034
84$173,492,904$49,074,574$33,306,094$125,461,406
85$191,065,772$51,355,820$34,298,440$137,017,329
86$210,427,185$53,744,959$35,320,142$149,706,096
87$231,759,453$56,247,157$36,372,062$163,641,468
88$255,263,476$58,867,827$37,455,084$178,948,732
89$281,160,642$61,612,642$38,570,122$195,765,877
90$309,694,919$64,487,553$39,718,112$214,244,890
91$341,135,153$67,498,795$40,900,021$234,553,173
92$375,777,608$70,652,906$42,116,841$256,875,117
93$413,948,764$73,956,738$43,369,595$281,413,829
94$456,008,395$77,417,475$44,659,334$308,393,037
95$502,352,970$81,042,650$45,987,141$338,059,191
96$553,419,391$84,840,158$47,354,128$370,683,774
97$609,689,118$88,818,276$48,761,441$406,565,850
98$671,692,718$92,985,681$50,210,259$446,034,878
99$740,014,868$97,351,471$51,701,795$489,453,799
100$815,299,875$101,925,185$53,237,296$537,222,454