Can I retire at age 60 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,221,179
2 years$641,827$629,874$618,289$607,057$596,162$565,361
3 years$423,635$411,630$400,074$388,947$378,230$348,351
4 years$314,560$302,591$291,151$280,215$269,757$241,030
5 years$249,132$237,235$225,945$215,232$205,065$177,571
6 years$205,527$193,720$182,598$172,122$162,261$136,027
7 years$174,394$162,686$151,739$141,511$131,961$106,991
8 years$151,054$139,452$128,687$118,710$109,475$85,756
9 years$132,910$121,418$110,838$101,115$92,194$69,708
10 years$118,404$107,024$96,631$87,162$78,553$57,275
11 years$106,543$95,277$85,073$75,857$67,559$47,456
12 years$96,666$85,516$75,500$66,537$58,545$39,584
13 years$88,315$77,281$67,454$58,742$51,052$33,197
14 years$81,163$70,247$60,608$52,145$44,752$27,963
15 years$74,970$64,171$54,721$46,504$39,403$23,639
16 years$69,557$58,876$49,612$41,639$34,825$20,044
17 years$64,785$54,223$45,145$37,412$30,878$17,038
18 years$60,549$50,104$41,212$33,716$27,455$14,514
19 years$56,763$46,436$37,727$30,465$24,472$12,385
20 years$53,359$43,151$34,624$27,592$21,858$10,584
21 years$50,284$40,193$31,848$25,042$19,561$9,056
22 years$47,492$37,519$29,353$22,769$17,533$7,758
23 years$44,947$35,091$27,102$20,736$15,739$6,651
24 years$42,617$32,878$25,065$18,912$14,147$5,707
25 years$40,477$30,854$23,215$17,272$12,730$4,900
26 years$38,505$28,998$21,531$15,792$11,467$4,210
27 years$36,682$27,290$19,993$14,455$10,338$3,618
28 years$34,992$25,716$18,586$13,244$9,328$3,111
29 years$33,421$24,260$17,296$12,145$8,423$2,676
30 years$31,958$22,911$16,111$11,146$7,611$2,303
31 years$30,592$21,658$15,019$10,237$6,881$1,982
32 years$29,314$20,493$14,013$9,408$6,224$1,706
33 years$28,116$19,407$13,084$8,651$5,633$1,469
34 years$26,991$18,394$12,225$7,960$5,100$1,265
35 years$25,933$17,446$11,430$7,328$4,619$1,090
36 years$24,935$16,559$10,692$6,749$4,185$939
37 years$23,994$15,727$10,008$6,218$3,793$809
38 years$23,104$14,946$9,372$5,731$3,439$697
39 years$22,262$14,213$8,780$5,284$3,119$600
40 years$21,464$13,522$8,230$4,874$2,829$517
41 years$20,707$12,872$7,717$4,497$2,566$446
42 years$19,988$12,259$7,239$4,150$2,329$384
43 years$19,305$11,680$6,793$3,831$2,113$331
44 years$18,654$11,133$6,376$3,537$1,918$285
45 years$18,034$10,617$5,987$3,267$1,741$246
46 years$17,442$10,128$5,623$3,018$1,581$212
47 years$16,878$9,665$5,283$2,788$1,436$183
48 years$16,338$9,227$4,964$2,576$1,304$157
49 years$15,822$8,811$4,666$2,381$1,184$136
50 years$15,329$8,417$4,387$2,201$1,076$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,700,000, adding $3,136 every year, while hoping to spend $54,407 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: 51/32/17 Blend
59$15,700,000$15,700,000$15,700,000$15,700,000
60$17,304,635$16,472,535$16,229,185$18,106,201
61$19,011,819$17,221,800$16,714,974$19,407,022
62$20,891,312$18,005,956$17,215,213$20,814,584
63$22,960,633$18,826,655$17,730,330$22,343,718
64$25,239,084$19,685,628$18,260,763$24,005,930
65$27,747,937$20,584,689$18,806,964$25,813,863
66$30,510,627$21,525,740$19,369,398$27,781,411
67$33,552,983$22,510,773$19,948,545$29,923,841
68$36,903,463$23,541,877$20,544,896$32,257,936
69$40,593,425$24,621,238$21,158,960$34,802,143
70$44,657,428$25,751,152$21,791,258$37,576,746
71$49,133,547$26,934,020$22,442,327$40,604,046
72$54,063,745$28,172,363$23,112,721$43,908,570
73$59,494,257$29,468,819$23,803,008$47,517,290
74$65,476,037$30,826,156$24,513,773$51,459,872
75$72,065,228$32,247,274$25,245,621$55,768,953
76$79,323,703$33,735,212$25,999,170$60,480,433
77$87,319,638$35,293,154$26,775,060$65,633,812
78$96,128,163$36,924,441$27,573,947$71,272,550
79$105,832,069$38,632,572$28,396,507$77,444,470
80$116,522,586$40,421,214$29,243,436$84,202,201
81$128,300,248$42,294,212$30,115,450$91,603,661
82$141,275,842$44,255,597$31,013,286$99,712,596
83$155,571,449$46,309,592$31,937,702$108,599,170
84$171,321,600$48,460,625$32,889,478$118,340,615
85$188,674,544$50,713,337$33,869,417$129,021,952
86$207,793,651$53,072,594$34,878,346$140,736,773
87$228,858,947$55,543,495$35,917,114$153,588,120
88$252,068,820$58,131,386$36,986,597$167,689,438
89$277,641,886$60,841,871$38,087,695$183,165,635
90$305,819,060$63,680,824$39,221,334$200,154,243
91$336,865,823$66,654,403$40,388,467$218,806,704
92$371,074,732$69,769,064$41,590,076$239,289,781
93$408,768,181$73,031,574$42,827,170$261,787,114
94$450,301,442$76,449,028$44,100,787$286,500,937
95$496,066,021$80,028,862$45,411,995$313,653,970
96$546,493,353$83,778,874$46,761,895$343,491,498
97$602,058,873$87,707,238$48,151,617$376,283,668
98$663,286,508$91,822,522$49,582,325$412,328,019
99$730,753,616$96,133,710$51,055,218$451,952,264
100$805,096,444$100,650,221$52,571,527$495,517,366