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%15.6%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,168,629
2 years$613,211$601,790$590,722$579,991$569,581$542,036
3 years$404,746$393,277$382,236$371,606$361,366$334,627
4 years$300,535$289,100$278,170$267,721$257,729$232,003
5 years$238,024$226,658$215,871$205,635$195,922$171,280
6 years$196,364$185,083$174,456$164,448$155,026$131,494
7 years$166,618$155,433$144,974$135,202$126,078$103,659
8 years$144,319$133,234$122,949$113,418$104,594$83,281
9 years$126,984$116,005$105,896$96,607$88,083$67,859
10 years$113,125$102,252$92,323$83,276$75,051$55,894
11 years$101,793$91,029$81,280$72,475$64,546$46,430
12 years$92,356$81,703$72,133$63,570$55,935$38,830
13 years$84,377$73,836$64,446$56,123$48,776$32,651
14 years$77,544$67,114$57,905$49,820$42,757$27,579
15 years$71,628$61,310$52,281$44,430$37,646$23,380
16 years$66,456$56,251$47,400$39,783$33,272$19,880
17 years$61,897$51,805$43,132$35,744$29,501$16,948
18 years$57,849$47,870$39,374$32,213$26,231$14,479
19 years$54,232$44,366$36,045$29,107$23,380$12,393
20 years$50,980$41,227$33,081$26,362$20,884$10,623
21 years$48,042$38,401$30,428$23,925$18,689$9,118
22 years$45,375$35,846$28,044$21,754$16,752$7,834
23 years$42,943$33,526$25,894$19,811$15,037$6,738
24 years$40,717$31,412$23,947$18,069$13,516$5,800
25 years$38,672$29,478$22,180$16,502$12,162$4,996
26 years$36,788$27,705$20,571$15,088$10,955$4,306
27 years$35,046$26,074$19,102$13,811$9,877$3,713
28 years$33,432$24,569$17,757$12,654$8,912$3,203
29 years$31,931$23,178$16,525$11,604$8,048$2,764
30 years$30,534$21,889$15,392$10,649$7,272$2,386
31 years$29,228$20,693$14,350$9,780$6,574$2,061
32 years$28,007$19,579$13,389$8,989$5,947$1,780
33 years$26,863$18,542$12,501$8,266$5,382$1,538
34 years$25,788$17,574$11,680$7,605$4,873$1,329
35 years$24,776$16,668$10,920$7,001$4,413$1,148
36 years$23,823$15,821$10,216$6,448$3,999$992
37 years$22,924$15,026$9,562$5,941$3,624$858
38 years$22,074$14,280$8,954$5,476$3,286$742
39 years$21,270$13,579$8,389$5,049$2,980$641
40 years$20,507$12,919$7,863$4,657$2,703$554
41 years$19,784$12,298$7,373$4,297$2,452$479
42 years$19,097$11,712$6,916$3,965$2,225$415
43 years$18,444$11,159$6,490$3,660$2,019$358
44 years$17,822$10,637$6,092$3,380$1,833$310
45 years$17,230$10,143$5,720$3,121$1,664$268
46 years$16,665$9,676$5,372$2,883$1,511$232
47 years$16,125$9,234$5,047$2,664$1,372$201
48 years$15,610$8,815$4,743$2,461$1,246$173
49 years$15,117$8,418$4,458$2,275$1,131$150
50 years$14,645$8,041$4,191$2,103$1,028$130

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 $6,622 every year, while hoping to spend $49,482 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: 57/16/27 Blend
62$15,000,000$15,000,000$15,000,000$15,000,000
63$16,536,831$15,741,831$15,509,331$17,356,842
64$18,170,939$16,460,532$15,976,245$18,638,670
65$19,970,068$17,212,791$16,457,142$20,029,351
66$21,950,997$18,000,200$16,952,439$21,544,149
67$24,132,217$18,824,428$17,462,563$23,195,079
68$26,534,101$19,687,223$17,987,957$24,995,354
69$29,179,099$20,590,417$18,529,074$26,959,513
70$32,091,951$21,535,931$19,086,381$29,103,546
71$35,299,916$22,525,778$19,660,361$31,445,049
72$38,833,033$23,562,066$20,251,509$34,003,383
73$42,724,402$24,647,007$20,860,334$36,799,854
74$47,010,499$25,782,919$21,487,363$39,857,907
75$51,731,516$26,972,228$22,133,136$43,203,350
76$56,931,744$28,217,480$22,798,210$46,864,585
77$62,659,989$29,521,344$23,483,157$50,872,877
78$68,970,034$30,886,616$24,188,568$55,262,643
79$75,921,142$32,316,225$24,915,051$60,071,772
80$83,578,623$33,813,244$25,663,229$65,341,975
81$92,014,443$35,380,894$26,433,748$71,119,179
82$101,307,907$37,022,548$27,227,269$77,453,950
83$111,546,406$38,741,746$28,044,475$84,401,965
84$122,826,242$40,542,194$28,886,068$92,024,535
85$135,253,538$42,427,780$29,752,770$100,389,174
86$148,945,237$44,402,580$30,645,326$109,570,230
87$164,030,208$46,470,863$31,564,501$119,649,582
88$180,650,462$48,637,108$32,511,085$130,717,404
89$198,962,491$50,906,008$33,485,887$142,873,010
90$219,138,745$53,282,483$34,489,745$156,225,781
91$241,369,263$55,771,690$35,523,518$170,896,195
92$265,863,463$58,379,038$36,588,090$187,016,950
93$292,852,118$61,110,193$37,684,373$204,734,210
94$322,589,540$63,971,098$38,813,306$224,208,977
95$355,355,974$66,967,983$39,975,852$245,618,600
96$391,460,246$70,107,377$41,173,006$269,158,439
97$431,242,680$73,396,127$42,405,791$295,043,699
98$475,078,307$76,841,411$43,675,259$323,511,451
99$523,380,408$80,450,754$44,982,493$354,822,859
100$576,604,413$84,232,044$46,328,610$389,265,633