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%17.2%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,238,495
2 years$654,092$641,910$630,104$618,657$607,554$570,210
3 years$431,730$419,495$407,719$396,379$385,457$349,306
4 years$320,570$308,373$296,715$285,569$274,911$240,231
5 years$253,892$241,768$230,263$219,344$208,983$175,869
6 years$209,455$197,422$186,087$175,411$165,361$133,842
7 years$177,726$165,795$154,639$144,215$134,483$104,559
8 years$153,940$142,117$131,146$120,979$111,567$83,219
9 years$135,450$123,738$112,956$103,047$93,955$67,156
10 years$120,667$109,069$98,478$88,828$80,054$54,766
11 years$108,579$97,098$86,698$77,307$68,850$45,030
12 years$98,513$87,150$76,942$67,808$59,664$37,265
13 years$90,002$78,758$68,743$59,865$52,028$31,001
14 years$82,714$71,589$61,766$53,141$45,607$25,898
15 years$76,403$65,398$55,766$47,392$40,156$21,710
16 years$70,886$60,001$50,560$42,435$35,490$18,251
17 years$66,023$55,259$46,008$38,127$31,468$15,379
18 years$61,706$51,062$41,999$34,360$27,980$12,984
19 years$57,847$47,323$38,448$31,048$24,939$10,981
20 years$54,379$43,975$35,286$28,120$22,276$9,299
21 years$51,245$40,961$32,456$25,520$19,935$7,884
22 years$48,400$38,236$29,913$23,204$17,869$6,690
23 years$45,806$35,761$27,620$21,132$16,040$5,682
24 years$43,431$33,506$25,544$19,274$14,417$4,829
25 years$41,250$31,444$23,659$17,602$12,973$4,107
26 years$39,241$29,552$21,942$16,094$11,686$3,494
27 years$37,383$27,812$20,375$14,731$10,536$2,974
28 years$35,661$26,207$18,941$13,497$9,506$2,533
29 years$34,060$24,723$17,627$12,377$8,584$2,157
30 years$32,569$23,348$16,418$11,359$7,756$1,838
31 years$31,177$22,072$15,306$10,433$7,012$1,566
32 years$29,875$20,885$14,281$9,588$6,343$1,335
33 years$28,654$19,778$13,334$8,817$5,741$1,138
34 years$27,507$18,745$12,459$8,112$5,197$970
35 years$26,428$17,779$11,648$7,468$4,708$827
36 years$25,412$16,875$10,897$6,878$4,265$705
37 years$24,452$16,028$10,199$6,337$3,866$602
38 years$23,546$15,232$9,551$5,841$3,505$513
39 years$22,688$14,484$8,948$5,385$3,178$438
40 years$21,875$13,780$8,387$4,967$2,883$373
41 years$21,103$13,118$7,864$4,583$2,615$318
42 years$20,370$12,493$7,377$4,230$2,373$272
43 years$19,674$11,903$6,922$3,904$2,154$232
44 years$19,010$11,346$6,498$3,605$1,955$198
45 years$18,378$10,820$6,101$3,329$1,775$169
46 years$17,776$10,322$5,731$3,075$1,611$144
47 years$17,200$9,850$5,384$2,841$1,463$123
48 years$16,650$9,403$5,059$2,625$1,329$105
49 years$16,125$8,979$4,755$2,426$1,207$89
50 years$15,622$8,577$4,471$2,243$1,096$76

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 $4,597 every year, while hoping to spend $21,154 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: 34/49/17 Blend
59$16,000,000$16,000,000$16,000,000$16,000,000
60$17,636,742$16,788,742$16,540,742$18,143,536
61$19,413,182$17,588,882$17,072,349$19,315,568
62$21,370,110$18,427,521$17,621,056$20,576,309
63$23,525,913$19,306,522$18,187,413$21,935,414
64$25,900,854$20,227,839$18,771,989$23,401,578
65$28,517,260$21,193,522$19,375,370$24,984,326
66$31,399,738$22,205,722$19,998,162$26,694,086
67$34,575,400$23,266,691$20,640,990$28,542,287
68$38,074,125$24,378,794$21,304,498$30,541,451
69$41,928,840$25,544,509$21,989,352$32,705,307
70$46,175,827$26,766,435$22,696,241$35,048,906
71$50,855,070$28,047,299$23,425,873$37,588,754
72$56,010,628$29,389,958$24,178,981$40,342,959
73$61,691,057$30,797,410$24,956,321$43,331,385
74$67,949,860$32,272,798$25,758,674$46,575,833
75$74,846,000$33,819,420$26,586,844$50,100,232
76$82,444,452$35,440,731$27,441,663$53,930,848
77$90,816,817$37,140,358$28,323,989$58,096,524
78$100,041,998$38,922,102$29,234,709$62,628,933
79$110,206,947$40,789,950$30,174,737$67,562,864
80$121,407,482$42,748,084$31,145,017$72,936,534
81$133,749,193$44,800,888$32,146,523$78,791,930
82$147,348,441$46,952,961$33,180,262$85,175,191
83$162,333,452$49,209,126$34,247,270$92,137,022
84$178,845,531$51,574,440$35,348,621$99,733,155
85$197,040,395$54,054,208$36,485,420$108,024,855
86$217,089,643$56,653,992$37,658,809$117,079,477
87$239,182,375$59,379,626$38,869,968$126,971,079
88$263,526,978$62,237,228$40,120,112$137,781,097
89$290,353,092$65,233,215$41,410,498$149,599,092
90$319,913,780$68,374,315$42,742,423$162,523,569
91$352,487,916$71,667,586$44,117,224$176,662,878
92$388,382,816$75,120,430$45,536,283$192,136,213
93$427,937,141$78,740,609$47,001,027$209,074,703
94$471,524,094$82,536,265$48,512,926$227,622,624
95$519,554,944$86,515,934$50,073,501$247,938,725
96$572,482,905$90,688,572$51,684,321$270,197,695
97$630,807,420$95,063,569$53,347,003$294,591,777
98$695,078,869$99,650,777$55,063,220$321,332,544
99$765,903,772$104,460,524$56,834,697$350,652,860
100$843,950,512$109,503,644$58,663,214$382,809,037