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%12.6%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,183,137
2 years$613,211$601,790$590,722$579,991$569,581$556,509
3 years$404,746$393,277$382,236$371,606$361,366$348,610
4 years$300,535$289,100$278,170$267,721$257,729$245,388
5 years$238,024$226,658$215,871$205,635$195,922$184,031
6 years$196,364$185,083$174,456$164,448$155,026$143,601
7 years$166,618$155,433$144,974$135,202$126,078$115,123
8 years$144,319$133,234$122,949$113,418$104,594$94,108
9 years$126,984$116,005$105,896$96,607$88,083$78,063
10 years$113,125$102,252$92,323$83,276$75,051$65,490
11 years$101,793$91,029$81,280$72,475$64,546$55,437
12 years$92,356$81,703$72,133$63,570$55,935$47,266
13 years$84,377$73,836$64,446$56,123$48,776$40,539
14 years$77,544$67,114$57,905$49,820$42,757$34,939
15 years$71,628$61,310$52,281$44,430$37,646$30,237
16 years$66,456$56,251$47,400$39,783$33,272$26,257
17 years$61,897$51,805$43,132$35,744$29,501$22,868
18 years$57,849$47,870$39,374$32,213$26,231$19,967
19 years$54,232$44,366$36,045$29,107$23,380$17,470
20 years$50,980$41,227$33,081$26,362$20,884$15,315
21 years$48,042$38,401$30,428$23,925$18,689$13,446
22 years$45,375$35,846$28,044$21,754$16,752$11,822
23 years$42,943$33,526$25,894$19,811$15,037$10,407
24 years$40,717$31,412$23,947$18,069$13,516$9,171
25 years$38,672$29,478$22,180$16,502$12,162$8,089
26 years$36,788$27,705$20,571$15,088$10,955$7,140
27 years$35,046$26,074$19,102$13,811$9,877$6,308
28 years$33,432$24,569$17,757$12,654$8,912$5,575
29 years$31,931$23,178$16,525$11,604$8,048$4,931
30 years$30,534$21,889$15,392$10,649$7,272$4,363
31 years$29,228$20,693$14,350$9,780$6,574$3,862
32 years$28,007$19,579$13,389$8,989$5,947$3,420
33 years$26,863$18,542$12,501$8,266$5,382$3,030
34 years$25,788$17,574$11,680$7,605$4,873$2,684
35 years$24,776$16,668$10,920$7,001$4,413$2,379
36 years$23,823$15,821$10,216$6,448$3,999$2,109
37 years$22,924$15,026$9,562$5,941$3,624$1,870
38 years$22,074$14,280$8,954$5,476$3,286$1,659
39 years$21,270$13,579$8,389$5,049$2,980$1,471
40 years$20,507$12,919$7,863$4,657$2,703$1,305
41 years$19,784$12,298$7,373$4,297$2,452$1,158
42 years$19,097$11,712$6,916$3,965$2,225$1,027
43 years$18,444$11,159$6,490$3,660$2,019$912
44 years$17,822$10,637$6,092$3,380$1,833$809
45 years$17,230$10,143$5,720$3,121$1,664$718
46 years$16,665$9,676$5,372$2,883$1,511$638
47 years$16,125$9,234$5,047$2,664$1,372$566
48 years$15,610$8,815$4,743$2,461$1,246$502
49 years$15,117$8,418$4,458$2,275$1,131$446
50 years$14,645$8,041$4,191$2,103$1,028$396

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 $5,713 every year, while hoping to spend $41,668 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: 39/34/27 Blend
58$15,000,000$15,000,000$15,000,000$15,000,000
59$16,535,893$15,740,893$15,508,393$17,048,097
60$18,178,220$16,467,862$15,983,590$18,149,107
61$19,986,667$17,229,057$16,473,309$19,334,574
62$21,978,136$18,026,109$16,977,993$20,615,668
63$24,171,248$18,860,731$17,498,099$22,001,131
64$26,586,525$19,734,717$18,034,095$23,500,552
65$29,246,580$20,649,947$18,586,466$25,124,456
66$32,176,329$21,608,392$19,155,711$26,884,394
67$35,403,231$22,612,119$19,742,343$28,793,048
68$38,957,541$23,663,294$20,346,892$30,864,342
69$42,872,601$24,764,186$20,969,904$33,113,566
70$47,185,151$25,917,176$21,611,941$35,557,517
71$51,935,677$27,124,758$22,273,581$38,214,647
72$57,168,792$28,389,548$22,955,423$41,105,228
73$62,933,659$29,714,286$23,658,079$44,251,539
74$69,284,452$31,101,845$24,382,185$47,678,065
75$76,280,870$32,555,240$25,128,392$51,411,720
76$83,988,700$34,077,627$25,897,373$55,482,091
77$92,480,433$35,672,317$26,689,822$59,921,709
78$101,835,958$37,342,781$27,506,451$64,766,346
79$112,143,306$39,092,657$28,347,997$70,055,337
80$123,499,485$40,925,760$29,215,218$75,831,949
81$136,011,398$42,846,088$30,108,893$82,143,769
82$149,796,848$44,857,833$31,029,828$89,043,146
83$164,985,650$46,965,391$31,978,851$96,587,672
84$181,720,860$49,173,369$32,956,816$104,840,711
85$200,160,122$51,486,598$33,964,604$113,871,984
86$220,477,157$53,910,143$35,003,120$123,758,212
87$242,863,400$56,449,314$36,073,299$134,583,826
88$267,529,815$59,109,678$37,176,102$146,441,746
89$294,708,875$61,897,072$38,312,521$159,434,244
90$324,656,767$64,817,615$39,483,577$173,673,892
91$357,655,803$67,877,724$40,690,322$189,284,604
92$394,017,088$71,084,125$41,933,841$206,402,789
93$434,083,457$74,443,873$43,215,250$225,178,618
94$478,232,708$77,964,361$44,535,700$245,777,420
95$526,881,175$81,653,345$45,896,376$268,381,224
96$580,487,650$85,518,955$47,298,500$293,190,450
97$639,557,720$89,569,714$48,743,330$320,425,780
98$704,648,538$93,814,560$50,232,162$350,330,218
99$776,374,082$98,262,866$51,766,332$383,171,354
100$855,410,949$102,924,458$53,347,215$419,243,867