Can I retire at age 60 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,229,456
2 years$645,915$633,886$622,227$610,924$599,959$569,456
3 years$426,333$414,251$402,622$391,425$380,639$351,044
4 years$316,563$304,519$293,006$281,999$271,475$243,017
5 years$250,719$238,746$227,385$216,603$206,371$179,128
6 years$206,836$194,954$183,761$173,219$163,294$137,295
7 years$175,504$163,722$152,706$142,413$132,802$108,049
8 years$152,016$140,340$129,507$119,467$110,172$86,655
9 years$133,757$122,191$111,544$101,759$92,781$70,481
10 years$119,158$107,706$97,247$87,717$79,054$57,946
11 years$107,222$95,884$85,614$76,340$67,989$48,043
12 years$97,282$86,060$75,981$66,961$58,918$40,100
13 years$88,877$77,773$67,884$59,116$51,377$33,652
14 years$81,680$70,694$60,994$52,477$45,037$28,365
15 years$75,448$64,580$55,069$46,800$39,654$23,996
16 years$70,000$59,251$49,928$41,904$35,047$20,361
17 years$65,198$54,568$45,433$37,651$31,075$17,321
18 years$60,935$50,423$41,474$33,931$27,630$14,765
19 years$57,124$46,732$37,968$30,659$24,627$12,609
20 years$53,699$43,425$34,845$27,768$21,998$10,784
21 years$50,604$40,449$32,051$25,201$19,685$9,234
22 years$47,795$37,758$29,540$22,914$17,645$7,916
23 years$45,233$35,314$27,275$20,868$15,839$6,792
24 years$42,889$33,087$25,224$19,033$14,237$5,833
25 years$40,735$31,051$23,363$17,382$12,811$5,012
26 years$38,750$29,182$21,668$15,893$11,540$4,309
27 years$36,915$27,464$20,120$14,547$10,404$3,707
28 years$35,215$25,879$18,705$13,328$9,388$3,190
29 years$33,634$24,414$17,406$12,222$8,477$2,746
30 years$32,162$23,057$16,213$11,217$7,659$2,365
31 years$30,787$21,796$15,115$10,302$6,925$2,037
32 years$29,501$20,624$14,103$9,468$6,264$1,755
33 years$28,295$19,531$13,168$8,707$5,669$1,513
34 years$27,163$18,511$12,303$8,011$5,133$1,304
35 years$26,098$17,557$11,503$7,374$4,649$1,124
36 years$25,094$16,664$10,760$6,792$4,212$969
37 years$24,147$15,827$10,072$6,258$3,817$835
38 years$23,251$15,042$9,432$5,768$3,461$720
39 years$22,404$14,303$8,836$5,318$3,138$621
40 years$21,601$13,608$8,282$4,905$2,847$536
41 years$20,839$12,954$7,766$4,526$2,583$462
42 years$20,116$12,337$7,285$4,177$2,343$399
43 years$19,428$11,754$6,836$3,856$2,127$344
44 years$18,773$11,204$6,417$3,560$1,930$297
45 years$18,149$10,684$6,025$3,288$1,753$256
46 years$17,553$10,192$5,659$3,037$1,591$221
47 years$16,985$9,727$5,316$2,806$1,445$190
48 years$16,442$9,285$4,996$2,593$1,312$164
49 years$15,923$8,867$4,696$2,396$1,192$142
50 years$15,426$8,470$4,415$2,215$1,082$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $15,800,000, adding $4,983 every year, while hoping to spend $25,092 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: 66/20/14 Blend
59$15,800,000$15,800,000$15,800,000$15,800,000
60$17,416,740$16,579,340$16,334,440$18,508,898
61$19,166,550$17,365,030$16,854,946$20,024,325
62$21,093,999$18,188,378$17,392,048$21,676,717
63$23,217,181$19,051,202$17,946,276$23,482,233
64$25,556,032$19,955,410$18,518,175$25,455,850
65$28,132,524$20,903,001$19,108,310$27,614,051
66$30,970,865$21,896,072$19,717,262$29,974,967
67$34,097,736$22,936,822$20,345,632$32,558,551
68$37,542,534$24,027,555$20,994,040$35,386,758
69$41,337,656$25,170,689$21,663,125$38,483,751
70$45,518,803$26,368,760$22,353,546$41,876,124
71$50,125,316$27,624,423$23,065,984$45,593,144
72$55,200,546$28,940,468$23,801,142$49,667,031
73$60,792,267$30,319,816$24,559,745$54,133,247
74$66,953,123$31,765,532$25,342,542$59,030,835
75$73,741,127$33,280,829$26,150,303$64,402,774
76$81,220,210$34,869,077$26,983,826$70,296,383
77$89,460,820$36,533,811$27,843,933$76,763,764
78$98,540,592$38,278,735$28,731,472$83,862,279
79$108,545,075$40,107,736$29,647,319$91,655,094
80$119,568,545$42,024,888$30,592,377$100,211,764
81$131,714,894$44,034,464$31,567,579$109,608,881
82$145,098,606$46,140,946$32,573,886$119,930,793
83$159,845,844$48,349,033$33,612,291$131,270,390
84$176,095,636$50,663,652$34,683,820$143,729,972
85$194,001,191$53,089,971$35,789,528$157,422,207
86$213,731,343$55,633,409$36,930,507$172,471,187
87$235,472,144$58,299,650$38,107,882$189,013,587
88$259,428,622$61,094,653$39,322,817$207,199,948
89$285,826,719$64,024,668$40,576,508$227,196,085
90$314,915,418$67,096,250$41,870,195$249,184,642
91$346,969,096$70,316,272$43,205,152$273,366,809
92$382,290,118$73,691,943$44,582,698$299,964,201
93$421,211,684$77,230,823$46,004,192$329,220,947
94$464,100,981$80,940,838$47,471,038$361,405,976
95$511,362,645$84,830,304$48,984,683$396,815,540
96$563,442,586$88,907,940$50,546,621$435,776,005
97$620,832,191$93,182,890$52,158,393$478,646,908
98$684,072,967$97,664,744$53,821,592$525,824,340
99$753,761,652$102,363,559$55,537,858$577,744,670
100$830,555,851$107,289,884$57,308,887$634,888,643