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%19%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,152,765
2 years$613,211$601,790$590,722$579,991$569,581$526,377
3 years$404,746$393,277$382,236$371,606$361,366$319,671
4 years$300,535$289,100$278,170$267,721$257,729$217,862
5 years$238,024$226,658$215,871$205,635$195,922$157,987
6 years$196,364$185,083$174,456$164,448$155,026$119,051
7 years$166,618$155,433$144,974$135,202$126,078$92,054
8 years$144,319$133,234$122,949$113,418$104,594$72,492
9 years$126,984$116,005$105,896$96,607$88,083$57,860
10 years$113,125$102,252$92,323$83,276$75,051$46,654
11 years$101,793$91,029$81,280$72,475$64,546$37,915
12 years$92,356$81,703$72,133$63,570$55,935$31,005
13 years$84,377$73,836$64,446$56,123$48,776$25,479
14 years$77,544$67,114$57,905$49,820$42,757$21,020
15 years$71,628$61,310$52,281$44,430$37,646$17,397
16 years$66,456$56,251$47,400$39,783$33,272$14,437
17 years$61,897$51,805$43,132$35,744$29,501$12,005
18 years$57,849$47,870$39,374$32,213$26,231$10,001
19 years$54,232$44,366$36,045$29,107$23,380$8,343
20 years$50,980$41,227$33,081$26,362$20,884$6,969
21 years$48,042$38,401$30,428$23,925$18,689$5,827
22 years$45,375$35,846$28,044$21,754$16,752$4,876
23 years$42,943$33,526$25,894$19,811$15,037$4,083
24 years$40,717$31,412$23,947$18,069$13,516$3,421
25 years$38,672$29,478$22,180$16,502$12,162$2,867
26 years$36,788$27,705$20,571$15,088$10,955$2,404
27 years$35,046$26,074$19,102$13,811$9,877$2,017
28 years$33,432$24,569$17,757$12,654$8,912$1,692
29 years$31,931$23,178$16,525$11,604$8,048$1,420
30 years$30,534$21,889$15,392$10,649$7,272$1,192
31 years$29,228$20,693$14,350$9,780$6,574$1,001
32 years$28,007$19,579$13,389$8,989$5,947$841
33 years$26,863$18,542$12,501$8,266$5,382$706
34 years$25,788$17,574$11,680$7,605$4,873$593
35 years$24,776$16,668$10,920$7,001$4,413$498
36 years$23,823$15,821$10,216$6,448$3,999$418
37 years$22,924$15,026$9,562$5,941$3,624$352
38 years$22,074$14,280$8,954$5,476$3,286$295
39 years$21,270$13,579$8,389$5,049$2,980$248
40 years$20,507$12,919$7,863$4,657$2,703$208
41 years$19,784$12,298$7,373$4,297$2,452$175
42 years$19,097$11,712$6,916$3,965$2,225$147
43 years$18,444$11,159$6,490$3,660$2,019$124
44 years$17,822$10,637$6,092$3,380$1,833$104
45 years$17,230$10,143$5,720$3,121$1,664$87
46 years$16,665$9,676$5,372$2,883$1,511$73
47 years$16,125$9,234$5,047$2,664$1,372$62
48 years$15,610$8,815$4,743$2,461$1,246$52
49 years$15,117$8,418$4,458$2,275$1,131$44
50 years$14,645$8,041$4,191$2,103$1,028$37

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 $4,281 every year, while hoping to spend $50,609 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: 68/5/27 Blend
54$15,000,000$15,000,000$15,000,000$15,000,000
55$16,534,416$15,739,416$15,506,916$17,542,533
56$18,167,079$16,456,800$15,972,550$18,938,255
57$19,964,577$17,207,639$16,452,087$20,458,560
58$21,943,670$17,993,520$16,945,938$22,120,781
59$24,122,827$18,816,104$17,454,529$23,938,963
60$26,522,395$19,677,134$17,978,296$25,928,570
61$29,164,799$20,578,433$18,517,689$28,106,626
62$32,074,748$21,521,916$19,073,171$30,491,875
63$35,279,469$22,509,586$19,645,218$33,104,960
64$38,808,963$23,543,544$20,234,322$35,968,610
65$42,696,293$24,625,993$20,840,986$39,107,856
66$46,977,887$25,759,239$21,465,732$42,550,264
67$51,693,891$26,945,701$22,109,093$46,326,192
68$56,888,542$28,187,914$22,771,622$50,469,078
69$62,610,586$29,488,535$23,453,884$55,015,747
70$68,913,740$30,850,347$24,156,463$60,006,762
71$75,857,197$32,276,270$24,879,961$65,486,801
72$83,506,186$33,769,362$25,624,994$71,505,076
73$91,932,586$35,332,830$26,392,200$78,115,797
74$101,215,604$36,970,034$27,182,234$85,378,679
75$111,442,527$38,684,496$27,995,770$93,359,502
76$122,709,537$40,479,909$28,833,501$102,130,730
77$135,122,629$42,360,144$29,696,142$111,772,194
78$148,798,603$44,329,257$30,584,429$122,371,837
79$163,866,171$46,391,500$31,499,117$134,026,544
80$180,467,169$48,551,332$32,440,986$146,843,055
81$198,757,898$50,813,425$33,410,837$160,938,963
82$218,910,598$53,182,678$34,409,494$176,443,826
83$241,115,074$55,664,225$35,437,808$193,500,383
84$265,580,489$58,263,449$36,496,652$212,265,897
85$292,537,334$60,985,992$37,586,924$232,913,637
86$322,239,607$63,837,771$38,709,551$255,634,509
87$354,967,211$66,824,986$39,865,486$280,638,852
88$391,028,595$69,954,139$41,055,708$308,158,418
89$430,763,664$73,232,044$42,281,226$338,448,560
90$474,546,989$76,665,846$43,543,079$371,790,631
91$522,791,345$80,263,035$44,842,335$408,494,639
92$575,951,603$84,031,464$46,180,094$448,902,165
93$634,529,026$87,979,366$47,557,487$493,389,584
94$699,076,004$92,115,372$48,975,679$542,371,612
95$770,201,260$96,448,530$50,435,869$596,305,213
96$848,575,608$100,988,326$51,939,290$655,693,908
97$934,938,274$105,744,709$53,487,210$721,092,522
98$1,030,103,883$110,728,104$55,080,937$793,112,412
99$1,134,970,144$115,949,446$56,721,813$872,427,235
100$1,250,526,327$121,420,197$58,411,222$959,779,299