Can I retire at age 60 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,235,608
2 years$637,739$625,862$614,351$603,190$592,365$583,936
3 years$420,936$409,008$397,526$386,470$375,821$367,581
4 years$312,556$300,664$289,297$278,430$268,038$260,052
5 years$247,545$235,724$224,506$213,861$203,758$196,049
6 years$204,218$192,487$181,434$171,026$161,227$153,804
7 years$173,283$161,650$150,773$140,610$131,121$123,988
8 years$150,092$138,564$127,867$117,954$108,777$101,935
9 years$132,064$120,645$110,132$100,471$91,606$85,052
10 years$117,650$106,342$96,016$86,607$78,053$71,784
11 years$105,864$94,670$84,531$75,374$67,128$61,140
12 years$96,050$84,971$75,019$66,113$58,172$52,459
13 years$87,752$76,789$67,024$58,368$50,727$45,283
14 years$80,646$69,799$60,222$51,813$44,467$39,286
15 years$74,493$63,763$54,372$46,208$39,152$34,228
16 years$69,114$58,501$49,296$41,374$34,603$29,927
17 years$64,373$53,877$44,858$37,174$30,681$26,247
18 years$60,163$49,785$40,949$33,501$27,280$23,079
19 years$56,401$46,140$37,487$30,271$24,316$20,340
20 years$53,019$42,876$34,404$27,417$21,719$17,961
21 years$49,964$39,937$31,645$24,882$19,436$15,887
22 years$47,190$37,280$29,166$22,624$17,422$14,074
23 years$44,661$34,867$26,929$20,604$15,639$12,483
24 years$42,346$32,668$24,905$18,792$14,057$11,085
25 years$40,219$30,657$23,067$17,162$12,649$9,854
26 years$38,260$28,813$21,394$15,692$11,394$8,767
27 years$36,448$27,116$19,866$14,363$10,272$7,806
28 years$34,769$25,552$18,468$13,160$9,269$6,955
29 years$33,209$24,105$17,186$12,068$8,369$6,201
30 years$31,755$22,765$16,008$11,075$7,562$5,532
31 years$30,398$21,520$14,924$10,172$6,837$4,937
32 years$29,128$20,362$13,924$9,348$6,185$4,408
33 years$27,937$19,284$13,001$8,596$5,597$3,937
34 years$26,819$18,277$12,147$7,909$5,068$3,518
35 years$25,768$17,335$11,357$7,281$4,590$3,144
36 years$24,776$16,453$10,624$6,706$4,159$2,811
37 years$23,841$15,627$9,944$6,178$3,769$2,514
38 years$22,957$14,851$9,312$5,695$3,417$2,248
39 years$22,120$14,122$8,725$5,251$3,099$2,011
40 years$21,328$13,436$8,177$4,843$2,811$1,800
41 years$20,576$12,790$7,668$4,468$2,550$1,610
42 years$19,861$12,181$7,193$4,124$2,314$1,441
43 years$19,182$11,606$6,749$3,807$2,100$1,290
44 years$18,535$11,063$6,335$3,515$1,906$1,155
45 years$17,919$10,549$5,949$3,246$1,730$1,034
46 years$17,331$10,063$5,587$2,998$1,571$926
47 years$16,770$9,604$5,249$2,770$1,427$829
48 years$16,234$9,168$4,933$2,560$1,296$743
49 years$15,722$8,755$4,636$2,366$1,177$665
50 years$15,231$8,363$4,359$2,187$1,069$596

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,600,000, adding $5,624 every year, while hoping to spend $48,251 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: 30/41/29 Blend
59$15,600,000$15,600,000$15,600,000$15,600,000
60$17,197,001$16,370,201$16,128,401$17,559,562
61$18,899,757$17,121,002$16,617,364$18,595,406
62$20,774,576$17,906,976$17,121,090$19,704,332
63$22,838,959$18,729,793$17,640,022$20,896,335
64$25,112,188$19,591,209$18,174,618$22,178,681
65$27,615,512$20,493,058$18,725,349$23,559,326
66$30,372,343$21,437,268$19,292,698$25,046,983
67$33,408,484$22,425,855$19,877,164$26,651,201
68$36,752,363$23,460,936$20,479,263$28,382,440
69$40,435,308$24,544,726$21,099,522$30,252,171
70$44,491,841$25,679,549$21,738,488$32,272,970
71$48,960,002$26,867,841$22,396,721$34,458,628
72$53,881,711$28,112,153$23,074,799$36,824,275
73$59,303,159$29,415,163$23,773,319$39,386,511
74$65,275,249$30,779,673$24,492,893$42,163,555
75$71,854,072$32,208,624$25,234,152$45,175,404
76$79,101,438$33,705,098$25,997,747$48,444,014
77$87,085,460$35,272,323$26,784,347$51,993,491
78$95,881,197$36,913,687$27,594,642$55,850,313
79$105,571,358$38,632,737$28,429,342$60,043,565
80$116,247,090$40,433,195$29,289,179$64,605,197
81$128,008,832$42,318,959$30,174,905$69,570,319
82$140,967,264$44,294,120$31,087,295$74,977,512
83$155,244,354$46,362,961$32,027,149$80,869,182
84$170,974,508$48,529,976$32,995,288$87,291,941
85$188,305,838$50,799,874$33,992,560$94,297,036
86$207,401,559$53,177,594$35,019,836$101,940,810
87$228,441,532$55,668,310$36,078,015$110,285,222
88$251,623,960$58,277,449$37,168,020$119,398,407
89$277,167,259$61,010,700$38,290,805$129,355,307
90$305,312,122$63,874,026$39,447,349$140,238,353
91$336,323,785$66,873,680$40,638,662$152,138,224
92$370,494,537$70,016,217$41,865,783$165,154,683
93$408,146,477$73,308,508$43,129,784$179,397,491
94$449,634,551$76,757,759$44,431,765$194,987,424
95$495,349,909$80,371,522$45,772,863$212,057,383
96$545,723,591$84,157,719$47,154,245$230,753,629
97$601,230,601$88,124,650$48,577,116$251,237,129
98$662,394,386$92,281,022$50,042,713$273,685,050
99$729,791,783$96,635,961$51,552,314$298,292,403
100$804,058,459$101,199,038$53,107,230$325,273,849