Can I retire at age 60 with 16,000,000?

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 $16,000,000?

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 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,249,591
2 years$654,092$641,910$630,104$618,657$607,554$581,205
3 years$431,730$419,495$407,719$396,379$385,457$359,853
4 years$320,570$308,373$296,715$285,569$274,911$250,250
5 years$253,892$241,768$230,263$219,344$208,983$185,334
6 years$209,455$197,422$186,087$175,411$165,361$142,749
7 years$177,726$165,795$154,639$144,215$134,483$112,914
8 years$153,940$142,117$131,146$120,979$111,567$91,033
9 years$135,450$123,738$112,956$103,047$93,955$74,443
10 years$120,667$109,069$98,478$88,828$80,054$61,545
11 years$108,579$97,098$86,698$77,307$68,850$51,319
12 years$98,513$87,150$76,942$67,808$59,664$43,087
13 years$90,002$78,758$68,743$59,865$52,028$36,376
14 years$82,714$71,589$61,766$53,141$45,607$30,851
15 years$76,403$65,398$55,766$47,392$40,156$26,263
16 years$70,886$60,001$50,560$42,435$35,490$22,427
17 years$66,023$55,259$46,008$38,127$31,468$19,202
18 years$61,706$51,062$41,999$34,360$27,980$16,477
19 years$57,847$47,323$38,448$31,048$24,939$14,166
20 years$54,379$43,975$35,286$28,120$22,276$12,198
21 years$51,245$40,961$32,456$25,520$19,935$10,518
22 years$48,400$38,236$29,913$23,204$17,869$9,079
23 years$45,806$35,761$27,620$21,132$16,040$7,845
24 years$43,431$33,506$25,544$19,274$14,417$6,785
25 years$41,250$31,444$23,659$17,602$12,973$5,872
26 years$39,241$29,552$21,942$16,094$11,686$5,086
27 years$37,383$27,812$20,375$14,731$10,536$4,407
28 years$35,661$26,207$18,941$13,497$9,506$3,820
29 years$34,060$24,723$17,627$12,377$8,584$3,313
30 years$32,569$23,348$16,418$11,359$7,756$2,874
31 years$31,177$22,072$15,306$10,433$7,012$2,494
32 years$29,875$20,885$14,281$9,588$6,343$2,165
33 years$28,654$19,778$13,334$8,817$5,741$1,880
34 years$27,507$18,745$12,459$8,112$5,197$1,633
35 years$26,428$17,779$11,648$7,468$4,708$1,418
36 years$25,412$16,875$10,897$6,878$4,265$1,232
37 years$24,452$16,028$10,199$6,337$3,866$1,070
38 years$23,546$15,232$9,551$5,841$3,505$930
39 years$22,688$14,484$8,948$5,385$3,178$808
40 years$21,875$13,780$8,387$4,967$2,883$702
41 years$21,103$13,118$7,864$4,583$2,615$610
42 years$20,370$12,493$7,377$4,230$2,373$531
43 years$19,674$11,903$6,922$3,904$2,154$461
44 years$19,010$11,346$6,498$3,605$1,955$401
45 years$18,378$10,820$6,101$3,329$1,775$349
46 years$17,776$10,322$5,731$3,075$1,611$303
47 years$17,200$9,850$5,384$2,841$1,463$263
48 years$16,650$9,403$5,059$2,625$1,329$229
49 years$16,125$8,979$4,755$2,426$1,207$199
50 years$15,622$8,577$4,471$2,243$1,096$173

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $16,000,000, adding $5,002 every year, while hoping to spend $30,769 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: 42/29/29 Blend
59$16,000,000$16,000,000$16,000,000$16,000,000
60$17,637,160$16,789,160$16,541,160$18,227,902
61$19,403,412$17,579,090$17,062,550$19,444,498
62$21,348,791$18,406,697$17,600,377$20,757,927
63$23,491,534$19,273,792$18,155,156$22,179,800
64$25,851,741$20,182,277$18,727,424$23,720,159
65$28,451,556$21,134,147$19,317,731$25,390,025
66$31,315,385$22,131,491$19,926,645$27,201,501
67$34,470,121$23,176,500$20,554,754$29,167,875
68$37,945,398$24,271,473$21,202,662$31,303,744
69$41,773,871$25,418,818$21,870,995$33,625,143
70$45,991,527$26,621,061$22,560,394$36,149,689
71$50,638,021$27,880,851$23,271,525$38,896,741
72$55,757,051$29,200,965$24,005,073$41,887,574
73$61,396,771$30,584,313$24,761,744$45,145,573
74$67,610,247$32,033,949$25,542,268$48,696,446
75$74,455,954$33,553,074$26,347,395$52,568,458
76$81,998,331$35,145,045$27,177,903$56,792,687
77$90,308,388$36,813,380$28,034,590$61,403,310
78$99,464,377$38,561,769$28,918,282$66,437,914
79$109,552,530$40,394,082$29,829,831$71,937,845
80$120,667,873$42,314,377$30,770,115$77,948,580
81$132,915,121$44,326,906$31,740,039$84,520,153
82$146,409,671$46,436,133$32,740,539$91,707,611
83$161,278,687$48,646,733$33,772,576$99,571,522
84$177,662,303$50,963,612$34,837,147$108,178,537
85$195,714,943$53,391,914$35,935,277$117,602,001
86$215,606,781$55,937,032$37,068,023$127,922,636
87$237,525,348$58,604,622$38,236,477$139,229,285
88$261,677,299$61,400,614$39,441,764$151,619,740
89$288,290,366$64,331,227$40,685,046$165,201,643
90$317,615,509$67,402,982$41,967,520$180,093,491
91$349,929,281$70,622,719$43,290,422$196,425,737
92$385,536,443$73,997,607$44,655,027$214,341,998
93$424,772,839$77,535,168$46,062,649$234,000,398
94$468,008,565$81,243,288$47,514,644$255,575,039
95$515,651,465$85,130,235$49,012,411$279,257,621
96$568,150,980$89,204,683$50,557,393$305,259,237
97$626,002,393$93,475,725$52,151,078$333,812,334
98$689,751,500$97,952,899$53,795,002$365,172,891
99$759,999,768$102,646,206$55,490,749$399,622,808
100$837,410,007$107,566,133$57,239,953$437,472,540