Can I retire at age 59 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%16.9%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,162,493
2 years$613,211$601,790$590,722$579,991$569,581$535,958
3 years$404,746$393,277$382,236$371,606$361,366$328,800
4 years$300,535$289,100$278,170$267,721$257,729$226,471
5 years$238,024$226,658$215,871$205,635$195,922$166,057
6 years$196,364$185,083$174,456$164,448$155,026$126,583
7 years$166,618$155,433$144,974$135,202$126,078$99,056
8 years$144,319$133,234$122,949$113,418$104,594$78,979
9 years$126,984$116,005$105,896$96,607$88,083$63,850
10 years$113,125$102,252$92,323$83,276$75,051$52,168
11 years$101,793$91,029$81,280$72,475$64,546$42,977
12 years$92,356$81,703$72,133$63,570$55,935$35,637
13 years$84,377$73,836$64,446$56,123$48,776$29,706
14 years$77,544$67,114$57,905$49,820$42,757$24,868
15 years$71,628$61,310$52,281$44,430$37,646$20,890
16 years$66,456$56,251$47,400$39,783$33,272$17,600
17 years$61,897$51,805$43,132$35,744$29,501$14,863
18 years$57,849$47,870$39,374$32,213$26,231$12,577
19 years$54,232$44,366$36,045$29,107$23,380$10,660
20 years$50,980$41,227$33,081$26,362$20,884$9,048
21 years$48,042$38,401$30,428$23,925$18,689$7,689
22 years$45,375$35,846$28,044$21,754$16,752$6,540
23 years$42,943$33,526$25,894$19,811$15,037$5,568
24 years$40,717$31,412$23,947$18,069$13,516$4,743
25 years$38,672$29,478$22,180$16,502$12,162$4,044
26 years$36,788$27,705$20,571$15,088$10,955$3,449
27 years$35,046$26,074$19,102$13,811$9,877$2,943
28 years$33,432$24,569$17,757$12,654$8,912$2,512
29 years$31,931$23,178$16,525$11,604$8,048$2,145
30 years$30,534$21,889$15,392$10,649$7,272$1,832
31 years$29,228$20,693$14,350$9,780$6,574$1,565
32 years$28,007$19,579$13,389$8,989$5,947$1,337
33 years$26,863$18,542$12,501$8,266$5,382$1,143
34 years$25,788$17,574$11,680$7,605$4,873$977
35 years$24,776$16,668$10,920$7,001$4,413$835
36 years$23,823$15,821$10,216$6,448$3,999$714
37 years$22,924$15,026$9,562$5,941$3,624$610
38 years$22,074$14,280$8,954$5,476$3,286$522
39 years$21,270$13,579$8,389$5,049$2,980$446
40 years$20,507$12,919$7,863$4,657$2,703$382
41 years$19,784$12,298$7,373$4,297$2,452$326
42 years$19,097$11,712$6,916$3,965$2,225$279
43 years$18,444$11,159$6,490$3,660$2,019$239
44 years$17,822$10,637$6,092$3,380$1,833$204
45 years$17,230$10,143$5,720$3,121$1,664$175
46 years$16,665$9,676$5,372$2,883$1,511$149
47 years$16,125$9,234$5,047$2,664$1,372$128
48 years$15,610$8,815$4,743$2,461$1,246$109
49 years$15,117$8,418$4,458$2,275$1,131$93
50 years$14,645$8,041$4,191$2,103$1,028$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,000,000, adding $5,005 every year, while hoping to spend $55,654 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: 56/27/17 Blend
58$15,000,000$15,000,000$15,000,000$15,000,000
59$16,535,163$15,740,163$15,507,663$17,386,492
60$18,162,534$16,452,215$15,967,954$18,678,216
61$19,954,032$17,197,293$16,441,800$20,078,208
62$21,926,338$17,976,956$16,929,595$21,602,031
63$24,097,835$18,792,837$17,431,747$23,261,564
64$26,488,778$19,646,650$17,948,674$25,069,865
65$29,121,485$20,540,187$18,480,807$27,041,292
66$32,020,550$21,475,330$19,028,587$29,191,631
67$35,213,073$22,454,048$19,592,472$31,538,246
68$38,728,916$23,478,406$20,172,929$34,100,231
69$42,600,984$24,550,566$20,770,441$36,898,591
70$46,865,537$25,672,797$21,385,503$39,956,433
71$51,562,531$26,847,473$22,018,627$43,299,175
72$56,735,995$28,077,085$22,670,337$46,954,788
73$62,434,445$29,364,241$23,341,172$50,954,046
74$68,711,347$30,711,677$24,031,689$55,330,814
75$75,625,612$32,122,258$24,742,459$60,122,362
76$83,242,163$33,598,986$25,474,070$65,369,708
77$91,632,538$35,145,011$26,227,125$71,117,997
78$100,875,571$36,763,631$27,002,248$77,416,925
79$111,058,134$38,458,303$27,800,078$84,321,193
80$122,275,955$40,232,652$28,621,272$91,891,019
81$134,634,526$42,090,475$29,466,508$100,192,699
82$148,250,093$44,035,754$30,336,482$109,299,222
83$163,250,758$46,072,661$31,231,910$119,290,948
84$179,777,685$48,205,571$32,153,528$130,256,362
85$197,986,431$50,439,066$33,102,093$142,292,893
86$218,048,419$52,777,952$34,078,385$155,507,827
87$240,152,552$55,227,266$35,083,206$170,019,309
88$264,506,997$57,792,287$36,117,378$185,957,441
89$291,341,150$60,478,549$37,181,750$203,465,507
90$320,907,802$63,291,853$38,277,193$222,701,304
91$353,485,523$66,238,279$39,404,604$243,838,623
92$389,381,293$69,324,201$40,564,905$267,068,877
93$428,933,400$72,556,301$41,759,044$292,602,887
94$472,514,630$75,941,583$42,987,995$320,672,865
95$520,535,791$79,487,390$44,252,762$351,534,583
96$573,449,589$83,201,419$45,554,376$385,469,777
97$631,754,896$87,091,738$46,893,897$422,788,784
98$696,001,469$91,166,806$48,272,416$463,833,456
99$766,795,130$95,435,491$49,691,054$508,980,369
100$844,803,493$99,907,089$51,150,963$558,644,354