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%13.7%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,177,760
2 years$613,211$601,790$590,722$579,991$569,581$551,128
3 years$404,746$393,277$382,236$371,606$361,366$343,394
4 years$300,535$289,100$278,170$267,721$257,729$240,377
5 years$238,024$226,658$215,871$205,635$195,922$179,239
6 years$196,364$185,083$174,456$164,448$155,026$139,033
7 years$166,618$155,433$144,974$135,202$126,078$110,779
8 years$144,319$133,234$122,949$113,418$104,594$89,986
9 years$126,984$116,005$105,896$96,607$88,083$74,160
10 years$113,125$102,252$92,323$83,276$75,051$61,802
11 years$101,793$91,029$81,280$72,475$64,546$51,957
12 years$92,356$81,703$72,133$63,570$55,935$43,990
13 years$84,377$73,836$64,446$56,123$48,776$37,459
14 years$77,544$67,114$57,905$49,820$42,757$32,049
15 years$71,628$61,310$52,281$44,430$37,646$27,529
16 years$66,456$56,251$47,400$39,783$33,272$23,724
17 years$61,897$51,805$43,132$35,744$29,501$20,502
18 years$57,849$47,870$39,374$32,213$26,231$17,760
19 years$54,232$44,366$36,045$29,107$23,380$15,415
20 years$50,980$41,227$33,081$26,362$20,884$13,404
21 years$48,042$38,401$30,428$23,925$18,689$11,672
22 years$45,375$35,846$28,044$21,754$16,752$10,177
23 years$42,943$33,526$25,894$19,811$15,037$8,883
24 years$40,717$31,412$23,947$18,069$13,516$7,761
25 years$38,672$29,478$22,180$16,502$12,162$6,787
26 years$36,788$27,705$20,571$15,088$10,955$5,939
27 years$35,046$26,074$19,102$13,811$9,877$5,200
28 years$33,432$24,569$17,757$12,654$8,912$4,556
29 years$31,931$23,178$16,525$11,604$8,048$3,993
30 years$30,534$21,889$15,392$10,649$7,272$3,502
31 years$29,228$20,693$14,350$9,780$6,574$3,072
32 years$28,007$19,579$13,389$8,989$5,947$2,695
33 years$26,863$18,542$12,501$8,266$5,382$2,366
34 years$25,788$17,574$11,680$7,605$4,873$2,077
35 years$24,776$16,668$10,920$7,001$4,413$1,824
36 years$23,823$15,821$10,216$6,448$3,999$1,602
37 years$22,924$15,026$9,562$5,941$3,624$1,407
38 years$22,074$14,280$8,954$5,476$3,286$1,237
39 years$21,270$13,579$8,389$5,049$2,980$1,087
40 years$20,507$12,919$7,863$4,657$2,703$955
41 years$19,784$12,298$7,373$4,297$2,452$839
42 years$19,097$11,712$6,916$3,965$2,225$738
43 years$18,444$11,159$6,490$3,660$2,019$648
44 years$17,822$10,637$6,092$3,380$1,833$570
45 years$17,230$10,143$5,720$3,121$1,664$501
46 years$16,665$9,676$5,372$2,883$1,511$441
47 years$16,125$9,234$5,047$2,664$1,372$387
48 years$15,610$8,815$4,743$2,461$1,246$341
49 years$15,117$8,418$4,458$2,275$1,131$299
50 years$14,645$8,041$4,191$2,103$1,028$263

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 $5,955 every year, while hoping to spend $35,314 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: 59/12/29 Blend
58$15,000,000$15,000,000$15,000,000$15,000,000
59$16,536,143$15,741,143$15,508,643$17,380,672
60$18,185,255$16,474,885$15,990,608$18,693,020
61$20,001,394$17,243,397$16,487,536$20,119,604
62$22,001,558$18,048,345$16,999,890$21,675,050
63$24,204,479$18,891,476$17,528,149$23,371,901
64$26,630,800$19,774,622$18,072,806$25,223,957
65$29,303,265$20,699,702$18,634,368$27,246,399
66$32,246,939$21,668,729$19,213,361$29,455,936
67$35,489,443$22,683,812$19,810,324$31,870,953
68$39,061,211$23,747,164$20,425,815$34,511,683
69$42,995,783$24,861,104$21,060,409$37,400,398
70$47,330,116$26,028,062$21,714,696$40,561,610
71$52,104,938$27,250,586$22,389,288$44,022,303
72$57,365,127$28,531,350$23,084,814$47,812,180
73$63,160,137$29,873,154$23,801,923$51,963,945
74$69,544,468$31,278,935$24,541,284$56,513,601
75$76,578,173$32,751,772$25,303,587$61,500,788
76$84,327,431$34,294,894$26,089,541$66,969,154
77$92,865,170$35,911,684$26,899,882$72,966,761
78$102,271,753$37,605,692$27,735,363$79,546,533
79$112,635,738$39,380,638$28,596,765$86,766,751
80$124,054,717$41,240,422$29,484,890$94,691,598
81$136,636,231$43,189,136$30,400,566$103,391,759
82$150,498,789$45,231,066$31,344,647$112,945,083
83$165,772,986$47,370,709$32,318,014$123,437,309
84$182,602,736$49,612,779$33,321,573$134,962,872
85$201,146,629$51,962,219$34,356,259$147,625,787
86$221,579,429$54,424,211$35,423,038$161,540,625
87$244,093,723$57,004,191$36,522,903$176,833,584
88$268,901,742$59,707,855$37,656,878$193,643,676
89$296,237,358$62,541,178$38,826,022$212,124,028
90$326,358,297$65,510,424$40,031,422$232,443,326
91$359,548,570$68,622,162$41,274,202$254,787,392
92$396,121,157$71,883,280$42,555,520$279,360,930
93$436,420,954$75,301,000$43,876,569$306,389,455
94$480,828,036$78,882,894$45,238,579$336,121,405
95$529,761,244$82,636,904$46,642,820$368,830,482
96$583,682,134$86,571,356$48,090,597$404,818,221
97$643,099,340$90,694,981$49,583,261$444,416,830
98$708,573,373$95,016,935$51,122,200$487,992,309
99$780,721,910$99,546,818$52,708,848$535,947,901
100$860,225,631$104,294,699$54,344,680$588,727,878