Can I retire at age 64 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%13.3%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,179,708
2 years$613,211$601,790$590,722$579,991$569,581$553,074
3 years$404,746$393,277$382,236$371,606$361,366$345,278
4 years$300,535$289,100$278,170$267,721$257,729$242,185
5 years$238,024$226,658$215,871$205,635$195,922$180,965
6 years$196,364$185,083$174,456$164,448$155,026$140,676
7 years$166,618$155,433$144,974$135,202$126,078$112,339
8 years$144,319$133,234$122,949$113,418$104,594$91,464
9 years$126,984$116,005$105,896$96,607$88,083$75,557
10 years$113,125$102,252$92,323$83,276$75,051$63,120
11 years$101,793$91,029$81,280$72,475$64,546$53,198
12 years$92,356$81,703$72,133$63,570$55,935$45,156
13 years$84,377$73,836$64,446$56,123$48,776$38,553
14 years$77,544$67,114$57,905$49,820$42,757$33,073
15 years$71,628$61,310$52,281$44,430$37,646$28,486
16 years$66,456$56,251$47,400$39,783$33,272$24,617
17 years$61,897$51,805$43,132$35,744$29,501$21,335
18 years$57,849$47,870$39,374$32,213$26,231$18,534
19 years$54,232$44,366$36,045$29,107$23,380$16,135
20 years$50,980$41,227$33,081$26,362$20,884$14,071
21 years$48,042$38,401$30,428$23,925$18,689$12,290
22 years$45,375$35,846$28,044$21,754$16,752$10,748
23 years$42,943$33,526$25,894$19,811$15,037$9,411
24 years$40,717$31,412$23,947$18,069$13,516$8,248
25 years$38,672$29,478$22,180$16,502$12,162$7,235
26 years$36,788$27,705$20,571$15,088$10,955$6,352
27 years$35,046$26,074$19,102$13,811$9,877$5,579
28 years$33,432$24,569$17,757$12,654$8,912$4,904
29 years$31,931$23,178$16,525$11,604$8,048$4,313
30 years$30,534$21,889$15,392$10,649$7,272$3,794
31 years$29,228$20,693$14,350$9,780$6,574$3,339
32 years$28,007$19,579$13,389$8,989$5,947$2,940
33 years$26,863$18,542$12,501$8,266$5,382$2,589
34 years$25,788$17,574$11,680$7,605$4,873$2,281
35 years$24,776$16,668$10,920$7,001$4,413$2,010
36 years$23,823$15,821$10,216$6,448$3,999$1,771
37 years$22,924$15,026$9,562$5,941$3,624$1,561
38 years$22,074$14,280$8,954$5,476$3,286$1,376
39 years$21,270$13,579$8,389$5,049$2,980$1,213
40 years$20,507$12,919$7,863$4,657$2,703$1,070
41 years$19,784$12,298$7,373$4,297$2,452$944
42 years$19,097$11,712$6,916$3,965$2,225$832
43 years$18,444$11,159$6,490$3,660$2,019$734
44 years$17,822$10,637$6,092$3,380$1,833$648
45 years$17,230$10,143$5,720$3,121$1,664$571
46 years$16,665$9,676$5,372$2,883$1,511$504
47 years$16,125$9,234$5,047$2,664$1,372$445
48 years$15,610$8,815$4,743$2,461$1,246$392
49 years$15,117$8,418$4,458$2,275$1,131$346
50 years$14,645$8,041$4,191$2,103$1,028$305

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,000,000, adding $6,643 every year, while hoping to spend $35,607 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: 55/15/30 Blend
63$15,000,000$15,000,000$15,000,000$15,000,000
64$16,536,852$15,741,852$15,509,352$17,308,138
65$18,185,726$16,475,317$15,991,030$18,575,563
66$20,001,591$17,243,529$16,487,651$19,951,102
67$22,001,443$18,048,152$16,999,677$21,448,664
68$24,204,010$18,890,932$17,527,586$23,080,023
69$26,629,930$19,773,698$18,071,871$24,858,128
70$29,301,942$20,698,369$18,633,038$26,797,221
71$32,245,106$21,666,955$19,211,611$28,912,968
72$35,487,036$22,681,564$19,808,128$31,222,606
73$39,058,159$23,744,406$20,423,146$33,745,098
74$42,992,008$24,857,798$21,057,238$36,501,308
75$47,325,531$26,024,169$21,710,994$39,514,198
76$52,099,446$27,246,065$22,385,024$42,809,036
77$57,358,622$28,526,154$23,079,955$46,413,631
78$63,152,503$29,867,237$23,796,434$50,358,594
79$69,535,574$31,272,247$24,535,130$54,677,615
80$76,567,875$32,744,260$25,296,730$59,407,783
81$84,315,571$34,286,501$26,081,943$64,589,929
82$92,851,572$35,902,352$26,891,500$70,269,000
83$102,256,223$37,595,358$27,726,156$76,494,487
84$112,618,062$39,369,236$28,586,687$83,320,879
85$124,034,658$41,227,882$29,473,895$90,808,172
86$136,613,528$43,175,383$30,388,605$99,022,434
87$150,473,153$45,216,022$31,331,669$108,036,412
88$165,744,100$47,354,292$32,303,964$117,930,223
89$182,570,247$49,594,901$33,306,396$128,792,094
90$201,110,149$51,942,788$34,339,898$140,719,191
91$221,538,530$54,403,131$35,405,430$153,818,526
92$244,047,933$56,981,357$36,503,984$168,207,962
93$268,850,538$59,683,159$37,636,584$184,017,315
94$296,180,164$62,514,505$38,804,281$201,389,567
95$326,294,479$65,481,654$40,008,163$220,482,213
96$359,477,428$68,591,168$41,249,348$241,468,733
97$396,041,917$71,849,926$42,528,992$264,540,218
98$436,332,764$75,265,144$43,848,285$289,907,168
99$480,729,956$78,844,386$45,208,453$317,801,464
100$529,652,236$82,595,586$46,610,761$348,478,547