Can I retire at age 63 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%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,166,732
2 years$613,211$601,790$590,722$579,991$569,581$540,154
3 years$404,746$393,277$382,236$371,606$361,366$332,819
4 years$300,535$289,100$278,170$267,721$257,729$230,284
5 years$238,024$226,658$215,871$205,635$195,922$169,654
6 years$196,364$185,083$174,456$164,448$155,026$129,962
7 years$166,618$155,433$144,974$135,202$126,078$102,220
8 years$144,319$133,234$122,949$113,418$104,594$81,933
9 years$126,984$116,005$105,896$96,607$88,083$66,600
10 years$113,125$102,252$92,323$83,276$75,051$54,721
11 years$101,793$91,029$81,280$72,475$64,546$45,340
12 years$92,356$81,703$72,133$63,570$55,935$37,819
13 years$84,377$73,836$64,446$56,123$48,776$31,717
14 years$77,544$67,114$57,905$49,820$42,757$26,716
15 years$71,628$61,310$52,281$44,430$37,646$22,585
16 years$66,456$56,251$47,400$39,783$33,272$19,150
17 years$61,897$51,805$43,132$35,744$29,501$16,279
18 years$57,849$47,870$39,374$32,213$26,231$13,866
19 years$54,232$44,366$36,045$29,107$23,380$11,833
20 years$50,980$41,227$33,081$26,362$20,884$10,112
21 years$48,042$38,401$30,428$23,925$18,689$8,653
22 years$45,375$35,846$28,044$21,754$16,752$7,412
23 years$42,943$33,526$25,894$19,811$15,037$6,355
24 years$40,717$31,412$23,947$18,069$13,516$5,453
25 years$38,672$29,478$22,180$16,502$12,162$4,682
26 years$36,788$27,705$20,571$15,088$10,955$4,022
27 years$35,046$26,074$19,102$13,811$9,877$3,457
28 years$33,432$24,569$17,757$12,654$8,912$2,973
29 years$31,931$23,178$16,525$11,604$8,048$2,557
30 years$30,534$21,889$15,392$10,649$7,272$2,200
31 years$29,228$20,693$14,350$9,780$6,574$1,894
32 years$28,007$19,579$13,389$8,989$5,947$1,630
33 years$26,863$18,542$12,501$8,266$5,382$1,404
34 years$25,788$17,574$11,680$7,605$4,873$1,209
35 years$24,776$16,668$10,920$7,001$4,413$1,041
36 years$23,823$15,821$10,216$6,448$3,999$897
37 years$22,924$15,026$9,562$5,941$3,624$773
38 years$22,074$14,280$8,954$5,476$3,286$666
39 years$21,270$13,579$8,389$5,049$2,980$574
40 years$20,507$12,919$7,863$4,657$2,703$494
41 years$19,784$12,298$7,373$4,297$2,452$426
42 years$19,097$11,712$6,916$3,965$2,225$367
43 years$18,444$11,159$6,490$3,660$2,019$316
44 years$17,822$10,637$6,092$3,380$1,833$273
45 years$17,230$10,143$5,720$3,121$1,664$235
46 years$16,665$9,676$5,372$2,883$1,511$203
47 years$16,125$9,234$5,047$2,664$1,372$175
48 years$15,610$8,815$4,743$2,461$1,246$150
49 years$15,117$8,418$4,458$2,275$1,131$130
50 years$14,645$8,041$4,191$2,103$1,028$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $15,000,000, adding $4,533 every year, while hoping to spend $55,869 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: 52/29/19 Blend
62$15,000,000$15,000,000$15,000,000$15,000,000
63$16,534,676$15,739,676$15,507,176$17,307,920
64$18,161,769$16,451,476$15,967,222$18,551,903
65$19,952,952$17,196,281$16,440,807$19,898,033
66$21,924,905$17,975,651$16,928,326$21,361,007
67$24,096,005$18,791,217$17,430,185$22,951,932
68$26,486,502$19,644,692$17,946,800$24,683,014
69$29,118,710$20,537,866$18,478,603$26,567,671
70$32,017,216$21,472,620$19,026,034$28,620,649
71$35,209,115$22,450,921$19,589,549$30,858,165
72$38,724,261$23,474,832$20,169,615$33,298,044
73$42,595,552$24,546,515$20,766,713$35,959,891
74$46,859,239$25,668,235$21,381,339$38,865,266
75$51,555,269$26,842,366$22,014,001$42,037,882
76$56,727,660$28,071,396$22,665,224$45,503,823
77$62,424,919$29,357,931$23,335,546$49,291,785
78$68,700,495$30,704,704$24,025,522$53,433,337
79$75,613,289$32,114,579$24,735,721$57,963,213
80$83,228,207$33,590,556$25,466,730$62,919,637
81$91,616,771$35,135,780$26,219,152$68,344,668
82$100,857,796$36,753,547$26,993,608$74,284,596
83$111,038,134$38,447,313$27,790,736$80,790,365
84$122,253,490$40,220,698$28,611,192$87,918,052
85$134,609,330$42,077,497$29,455,651$95,729,378
86$148,221,875$44,021,687$30,324,809$104,292,290
87$163,219,195$46,057,439$31,219,379$113,681,585
88$179,742,420$48,189,120$32,140,095$123,979,610
89$197,947,073$50,421,313$33,087,714$135,277,029
90$218,004,534$52,758,817$34,063,012$147,673,662
91$240,103,662$55,206,665$35,066,789$161,279,422
92$264,452,575$57,770,131$36,099,866$176,215,334
93$291,280,616$60,454,745$37,163,089$192,614,669
94$320,840,513$63,266,302$38,257,327$210,624,185
95$353,410,772$66,210,878$39,383,474$230,405,501
96$389,298,300$69,294,840$40,542,450$252,136,605
97$428,841,305$72,524,865$41,735,200$276,013,520
98$472,412,485$75,907,950$42,962,696$302,252,139
99$520,422,550$79,451,432$44,225,938$331,090,241
100$573,324,098$83,163,000$45,525,955$362,789,726