Can I retire at age 55 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,169,105
2 years$613,211$601,790$590,722$579,991$569,581$542,508
3 years$404,746$393,277$382,236$371,606$361,366$335,081
4 years$300,535$289,100$278,170$267,721$257,729$232,435
5 years$238,024$226,658$215,871$205,635$195,922$171,689
6 years$196,364$185,083$174,456$164,448$155,026$131,880
7 years$166,618$155,433$144,974$135,202$126,078$104,022
8 years$144,319$133,234$122,949$113,418$104,594$83,621
9 years$126,984$116,005$105,896$96,607$88,083$68,177
10 years$113,125$102,252$92,323$83,276$75,051$56,191
11 years$101,793$91,029$81,280$72,475$64,546$46,706
12 years$92,356$81,703$72,133$63,570$55,935$39,086
13 years$84,377$73,836$64,446$56,123$48,776$32,889
14 years$77,544$67,114$57,905$49,820$42,757$27,798
15 years$71,628$61,310$52,281$44,430$37,646$23,582
16 years$66,456$56,251$47,400$39,783$33,272$20,067
17 years$61,897$51,805$43,132$35,744$29,501$17,120
18 years$57,849$47,870$39,374$32,213$26,231$14,637
19 years$54,232$44,366$36,045$29,107$23,380$12,537
20 years$50,980$41,227$33,081$26,362$20,884$10,754
21 years$48,042$38,401$30,428$23,925$18,689$9,238
22 years$45,375$35,846$28,044$21,754$16,752$7,944
23 years$42,943$33,526$25,894$19,811$15,037$6,837
24 years$40,717$31,412$23,947$18,069$13,516$5,890
25 years$38,672$29,478$22,180$16,502$12,162$5,077
26 years$36,788$27,705$20,571$15,088$10,955$4,380
27 years$35,046$26,074$19,102$13,811$9,877$3,780
28 years$33,432$24,569$17,757$12,654$8,912$3,263
29 years$31,931$23,178$16,525$11,604$8,048$2,818
30 years$30,534$21,889$15,392$10,649$7,272$2,435
31 years$29,228$20,693$14,350$9,780$6,574$2,105
32 years$28,007$19,579$13,389$8,989$5,947$1,819
33 years$26,863$18,542$12,501$8,266$5,382$1,573
34 years$25,788$17,574$11,680$7,605$4,873$1,360
35 years$24,776$16,668$10,920$7,001$4,413$1,177
36 years$23,823$15,821$10,216$6,448$3,999$1,018
37 years$22,924$15,026$9,562$5,941$3,624$881
38 years$22,074$14,280$8,954$5,476$3,286$762
39 years$21,270$13,579$8,389$5,049$2,980$659
40 years$20,507$12,919$7,863$4,657$2,703$571
41 years$19,784$12,298$7,373$4,297$2,452$494
42 years$19,097$11,712$6,916$3,965$2,225$427
43 years$18,444$11,159$6,490$3,660$2,019$370
44 years$17,822$10,637$6,092$3,380$1,833$320
45 years$17,230$10,143$5,720$3,121$1,664$277
46 years$16,665$9,676$5,372$2,883$1,511$240
47 years$16,125$9,234$5,047$2,664$1,372$208
48 years$15,610$8,815$4,743$2,461$1,246$180
49 years$15,117$8,418$4,458$2,275$1,131$156
50 years$14,645$8,041$4,191$2,103$1,028$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $15,000,000, adding $5,901 every year, while hoping to spend $51,287 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: 65/22/13 Blend
54$15,000,000$15,000,000$15,000,000$15,000,000
55$16,536,087$15,741,087$15,508,587$17,560,688
56$18,168,199$16,457,831$15,973,556$18,962,590
57$19,965,067$17,207,977$16,452,382$20,487,278
58$21,943,443$17,993,107$16,945,476$22,151,975
59$24,121,784$18,814,879$17,453,259$23,970,342
60$26,520,430$19,675,032$17,976,167$25,957,407
61$29,161,791$20,575,386$18,514,646$28,129,703
62$32,070,565$21,517,850$19,069,157$30,505,424
63$35,273,962$22,504,425$19,640,174$33,104,587
64$38,801,970$23,537,206$20,228,184$35,949,221
65$42,687,632$24,618,390$20,833,689$39,063,568
66$46,967,360$25,750,280$21,457,207$42,474,312
67$51,681,275$26,935,289$22,099,268$46,210,821
68$56,873,593$28,175,945$22,760,421$50,305,423
69$62,593,032$29,474,900$23,441,228$54,793,703
70$68,893,282$30,834,930$24,142,270$59,714,838
71$75,833,504$32,258,949$24,864,143$65,111,957
72$83,478,891$33,750,008$25,607,461$71,032,546
73$91,901,285$35,311,305$26,372,858$77,528,888
74$101,179,850$36,946,193$27,160,983$84,658,549
75$111,401,826$38,658,187$27,972,506$92,484,921
76$122,663,343$40,450,969$28,808,117$101,077,805
77$135,070,340$42,328,402$29,668,524$110,514,071
78$148,739,553$44,294,533$30,554,459$120,878,370
79$163,799,625$46,353,602$31,466,671$132,263,929
80$180,392,317$48,510,059$32,405,934$144,773,422
81$198,673,845$50,768,563$33,373,044$158,519,928
82$218,816,356$53,134,002$34,368,820$173,627,996
83$241,009,553$55,611,497$35,394,105$190,234,806
84$265,462,485$58,206,418$36,449,765$208,491,453
85$292,405,520$60,924,394$37,536,694$228,564,372
86$322,092,519$63,771,325$38,655,809$250,636,887
87$354,803,234$66,753,398$39,808,056$274,910,940
88$390,845,946$69,877,096$40,994,408$301,608,980
89$430,560,377$73,149,219$42,215,865$330,976,053
90$474,320,896$76,576,891$43,473,458$363,282,105
91$522,540,055$80,167,586$44,768,245$398,824,512
92$575,672,478$83,929,135$46,101,319$437,930,877
93$634,219,158$87,869,750$47,473,801$480,962,106
94$698,732,184$91,998,040$48,886,845$528,315,804
95$769,819,954$96,323,031$50,341,641$580,430,009
96$848,152,914$100,854,184$51,839,411$637,787,309
97$934,469,892$105,601,420$53,381,413$700,919,388
98$1,029,585,072$110,575,141$54,968,941$770,412,018
99$1,134,395,677$115,786,250$56,603,328$846,910,577
100$1,249,890,441$121,246,181$58,285,944$931,126,118