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%15.7%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,246,031
2 years$654,092$641,910$630,104$618,657$607,554$577,669
3 years$431,730$419,495$407,719$396,379$385,457$356,452
4 years$320,570$308,373$296,715$285,569$274,911$247,010
5 years$253,892$241,768$230,263$219,344$208,983$182,263
6 years$209,455$197,422$186,087$175,411$165,361$139,850
7 years$177,726$165,795$154,639$144,215$134,483$110,184
8 years$153,940$142,117$131,146$120,979$111,567$88,471
9 years$135,450$123,738$112,956$103,047$93,955$72,045
10 years$120,667$109,069$98,478$88,828$80,054$59,305
11 years$108,579$97,098$86,698$77,307$68,850$49,232
12 years$98,513$87,150$76,942$67,808$59,664$41,146
13 years$90,002$78,758$68,743$59,865$52,028$34,576
14 years$82,714$71,589$61,766$53,141$45,607$29,184
15 years$76,403$65,398$55,766$47,392$40,156$24,724
16 years$70,886$60,001$50,560$42,435$35,490$21,009
17 years$66,023$55,259$46,008$38,127$31,468$17,897
18 years$61,706$51,062$41,999$34,360$27,980$15,279
19 years$57,847$47,323$38,448$31,048$24,939$13,067
20 years$54,379$43,975$35,286$28,120$22,276$11,192
21 years$51,245$40,961$32,456$25,520$19,935$9,599
22 years$48,400$38,236$29,913$23,204$17,869$8,242
23 years$45,806$35,761$27,620$21,132$16,040$7,083
24 years$43,431$33,506$25,544$19,274$14,417$6,092
25 years$41,250$31,444$23,659$17,602$12,973$5,243
26 years$39,241$29,552$21,942$16,094$11,686$4,515
27 years$37,383$27,812$20,375$14,731$10,536$3,890
28 years$35,661$26,207$18,941$13,497$9,506$3,353
29 years$34,060$24,723$17,627$12,377$8,584$2,892
30 years$32,569$23,348$16,418$11,359$7,756$2,494
31 years$31,177$22,072$15,306$10,433$7,012$2,152
32 years$29,875$20,885$14,281$9,588$6,343$1,857
33 years$28,654$19,778$13,334$8,817$5,741$1,603
34 years$27,507$18,745$12,459$8,112$5,197$1,384
35 years$26,428$17,779$11,648$7,468$4,708$1,195
36 years$25,412$16,875$10,897$6,878$4,265$1,032
37 years$24,452$16,028$10,199$6,337$3,866$891
38 years$23,546$15,232$9,551$5,841$3,505$770
39 years$22,688$14,484$8,948$5,385$3,178$665
40 years$21,875$13,780$8,387$4,967$2,883$575
41 years$21,103$13,118$7,864$4,583$2,615$496
42 years$20,370$12,493$7,377$4,230$2,373$429
43 years$19,674$11,903$6,922$3,904$2,154$371
44 years$19,010$11,346$6,498$3,605$1,955$320
45 years$18,378$10,820$6,101$3,329$1,775$277
46 years$17,776$10,322$5,731$3,075$1,611$239
47 years$17,200$9,850$5,384$2,841$1,463$207
48 years$16,650$9,403$5,059$2,625$1,329$179
49 years$16,125$8,979$4,755$2,426$1,207$154
50 years$15,622$8,577$4,471$2,243$1,096$133

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 $5,308 every year, while hoping to spend $29,271 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: 49/44/7 Blend
59$16,000,000$16,000,000$16,000,000$16,000,000
60$17,637,475$16,789,475$16,541,475$18,469,523
61$19,405,354$17,581,015$17,064,471$19,830,026
62$21,352,574$18,410,360$17,604,005$21,303,384
63$23,497,400$19,279,331$18,160,602$22,902,971
64$25,859,954$20,189,837$18,734,801$24,640,574
65$28,462,412$21,143,881$19,327,160$26,529,131
66$31,329,209$22,143,563$19,938,251$28,582,849
67$34,487,275$23,191,084$20,568,669$30,817,327
68$37,966,281$24,288,751$21,219,024$33,249,698
69$41,798,928$25,438,986$21,889,947$35,898,780
70$46,021,246$26,644,324$22,582,088$38,785,250
71$50,672,945$27,907,428$23,296,119$41,931,825
72$55,797,779$29,231,085$24,032,733$45,363,469
73$61,443,966$30,618,222$24,792,643$49,107,622
74$67,664,641$32,071,905$25,576,587$53,194,443
75$74,518,356$33,595,351$26,385,325$57,657,091
76$82,069,636$35,191,931$27,219,641$62,532,019
77$90,389,585$36,865,181$28,080,344$67,859,313
78$99,556,557$38,618,809$28,968,270$73,683,055
79$109,656,897$40,456,702$29,884,279$80,051,727
80$120,785,759$42,382,938$30,829,260$87,018,654
81$133,047,995$44,401,791$31,804,129$94,642,496
82$146,559,155$46,517,744$32,809,833$102,987,784
83$161,446,572$48,735,497$33,847,345$112,125,515
84$177,850,565$51,059,978$34,917,674$122,133,807
85$195,925,763$53,496,358$36,021,856$133,098,617
86$215,842,566$56,050,054$37,160,963$145,114,538
87$237,788,752$58,726,752$38,336,100$158,285,669
88$261,971,253$61,532,410$39,548,407$172,726,582
89$288,618,101$64,473,279$40,799,060$188,563,381
90$317,980,591$67,555,913$42,089,272$205,934,872
91$350,335,643$70,787,185$43,420,294$224,993,849
92$385,988,423$74,174,301$44,793,418$245,908,517
93$425,275,220$77,724,820$46,209,976$268,864,050
94$468,566,624$81,446,668$47,671,341$294,064,316
95$516,271,021$85,348,156$49,178,933$321,733,776
96$568,838,451$89,438,001$50,734,213$352,119,570
97$626,764,854$93,725,344$52,338,690$385,493,826
98$690,596,753$98,219,770$53,993,920$422,156,191
99$760,936,416$102,931,333$55,701,510$462,436,635
100$838,447,536$107,870,574$57,463,117$506,698,525