Can I retire at age 60 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,190,530
2 years$617,299$605,802$594,660$583,857$573,379$559,723
3 years$407,445$395,899$384,785$374,083$363,775$350,452
4 years$302,538$291,027$280,025$269,506$259,447$246,560
5 years$239,611$228,169$217,311$207,006$197,228$184,814
6 years$197,673$186,317$175,619$165,545$156,060$144,134
7 years$167,729$156,469$145,940$136,103$126,918$115,486
8 years$145,281$134,123$123,769$114,174$105,291$94,351
9 years$127,831$116,778$106,602$97,251$88,670$78,218
10 years$113,879$102,934$92,938$83,831$75,551$65,581
11 years$102,471$91,636$81,821$72,958$64,977$55,479
12 years$92,972$82,248$72,614$63,994$56,307$47,272
13 years$84,940$74,328$64,876$56,497$49,101$40,518
14 years$78,061$67,562$58,292$50,152$43,042$34,898
15 years$72,105$61,719$52,629$44,727$37,897$30,180
16 years$66,899$56,626$47,716$40,048$33,494$26,190
17 years$62,310$52,150$43,420$35,983$29,698$22,794
18 years$58,235$48,189$39,637$32,428$26,406$19,888
19 years$54,593$44,661$36,286$29,301$23,536$17,389
20 years$51,320$41,502$33,301$26,538$21,023$15,232
21 years$48,362$38,657$30,631$24,085$18,813$13,364
22 years$45,677$36,085$28,231$21,899$16,863$11,741
23 years$43,229$33,750$26,066$19,943$15,138$10,327
24 years$40,988$31,621$24,107$18,190$13,606$9,094
25 years$38,930$29,675$22,328$16,612$12,243$8,015
26 years$37,033$27,890$20,708$15,189$11,028$7,069
27 years$35,280$26,247$19,229$13,903$9,943$6,240
28 years$33,655$24,733$17,876$12,738$8,972$5,511
29 years$32,144$23,333$16,635$11,681$8,101$4,870
30 years$30,737$22,035$15,495$10,720$7,320$4,305
31 years$29,423$20,830$14,445$9,846$6,618$3,808
32 years$28,194$19,710$13,478$9,048$5,986$3,369
33 years$27,042$18,666$12,584$8,321$5,418$2,982
34 years$25,960$17,691$11,758$7,656$4,905$2,640
35 years$24,942$16,779$10,993$7,048$4,443$2,338
36 years$23,982$15,926$10,284$6,491$4,025$2,071
37 years$23,077$15,126$9,625$5,980$3,648$1,835
38 years$22,221$14,375$9,014$5,512$3,308$1,626
39 years$21,411$13,669$8,445$5,083$2,999$1,441
40 years$20,644$13,005$7,915$4,688$2,721$1,277
41 years$19,916$12,380$7,422$4,325$2,468$1,132
42 years$19,225$11,790$6,962$3,992$2,240$1,004
43 years$18,567$11,234$6,533$3,685$2,033$890
44 years$17,941$10,708$6,132$3,402$1,845$789
45 years$17,345$10,211$5,758$3,142$1,675$700
46 years$16,776$9,741$5,408$2,902$1,521$621
47 years$16,233$9,296$5,081$2,681$1,381$550
48 years$15,714$8,874$4,775$2,478$1,254$488
49 years$15,218$8,474$4,488$2,290$1,139$433
50 years$14,743$8,095$4,219$2,117$1,035$384

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,100,000, adding $3,463 every year, while hoping to spend $38,247 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: 50/36/14 Blend
59$15,100,000$15,100,000$15,100,000$15,100,000
60$16,643,772$15,843,472$15,609,422$17,412,113
61$18,300,742$16,579,108$16,091,643$18,675,927
62$20,125,442$17,349,508$16,588,737$20,044,289
63$22,134,938$18,156,335$17,101,161$21,530,451
64$24,348,039$19,001,333$17,629,387$23,145,504
65$26,785,470$19,886,329$18,173,902$24,901,627
66$29,470,067$20,813,238$18,735,207$26,812,200
67$32,426,996$21,784,069$19,313,819$28,891,922
68$35,683,988$22,800,927$19,910,271$31,156,944
69$39,271,601$23,866,018$20,525,111$33,625,018
70$43,223,507$24,981,656$21,158,905$36,315,652
71$47,576,813$26,150,265$21,812,236$39,250,292
72$52,372,409$27,374,389$22,485,706$42,452,516
73$57,655,351$28,656,691$23,179,935$45,948,246
74$63,475,295$29,999,966$23,895,560$49,765,989
75$69,886,954$31,407,144$24,633,240$53,937,095
76$76,950,623$32,881,294$25,393,654$58,496,045
77$84,732,746$34,425,636$26,177,500$63,480,764
78$93,306,539$36,043,546$26,985,500$68,932,975
79$102,752,688$37,738,561$27,818,396$74,898,580
80$113,160,103$39,514,392$28,676,953$81,428,079
81$124,626,764$41,374,928$29,561,962$88,577,044
82$137,260,641$43,324,246$30,474,235$96,406,622
83$151,180,715$45,366,622$31,414,610$104,984,109
84$166,518,100$47,506,539$32,383,951$114,383,566
85$183,417,282$49,748,696$33,383,150$124,686,510
86$202,037,483$52,098,019$34,413,123$135,982,663
87$222,554,160$54,559,677$35,474,817$148,370,794
88$245,160,668$57,139,084$36,569,207$161,959,625
89$270,070,078$59,841,921$37,697,297$176,868,849
90$297,517,193$62,674,142$38,860,123$193,230,243
91$327,760,762$65,641,991$40,058,753$211,188,889
92$361,085,926$68,752,014$41,294,287$230,904,531
93$397,806,903$72,011,076$42,567,859$252,553,060
94$438,269,962$75,426,373$43,880,637$276,328,158
95$482,856,685$79,005,453$45,233,825$302,443,101
96$531,987,575$82,756,228$46,628,666$331,132,753
97$586,126,020$86,686,995$48,066,439$362,655,761
98$645,782,671$90,806,455$49,548,462$397,296,970
99$711,520,262$95,123,730$51,076,094$435,370,087
100$783,958,922$99,648,386$52,650,737$477,220,621