Can I retire at age 64 with 15,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.8%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,187,091
2 years$613,211$601,790$590,722$579,991$569,581$560,477
3 years$404,746$393,277$382,236$371,606$361,366$352,470
4 years$300,535$289,100$278,170$267,721$257,729$249,109
5 years$238,024$226,658$215,871$205,635$195,922$187,604
6 years$196,364$185,083$174,456$164,448$155,026$147,021
7 years$166,618$155,433$144,974$135,202$126,078$118,388
8 years$144,319$133,234$122,949$113,418$104,594$97,221
9 years$126,984$116,005$105,896$96,607$88,083$81,024
10 years$113,125$102,252$92,323$83,276$75,051$68,302
11 years$101,793$91,029$81,280$72,475$64,546$58,103
12 years$92,356$81,703$72,133$63,570$55,935$49,791
13 years$84,377$73,836$64,446$56,123$48,776$42,925
14 years$77,544$67,114$57,905$49,820$42,757$37,192
15 years$71,628$61,310$52,281$44,430$37,646$32,359
16 years$66,456$56,251$47,400$39,783$33,272$28,255
17 years$61,897$51,805$43,132$35,744$29,501$24,746
18 years$57,849$47,870$39,374$32,213$26,231$21,729
19 years$54,232$44,366$36,045$29,107$23,380$19,123
20 years$50,980$41,227$33,081$26,362$20,884$16,861
21 years$48,042$38,401$30,428$23,925$18,689$14,892
22 years$45,375$35,846$28,044$21,754$16,752$13,173
23 years$42,943$33,526$25,894$19,811$15,037$11,667
24 years$40,717$31,412$23,947$18,069$13,516$10,344
25 years$38,672$29,478$22,180$16,502$12,162$9,181
26 years$36,788$27,705$20,571$15,088$10,955$8,156
27 years$35,046$26,074$19,102$13,811$9,877$7,250
28 years$33,432$24,569$17,757$12,654$8,912$6,450
29 years$31,931$23,178$16,525$11,604$8,048$5,741
30 years$30,534$21,889$15,392$10,649$7,272$5,113
31 years$29,228$20,693$14,350$9,780$6,574$4,556
32 years$28,007$19,579$13,389$8,989$5,947$4,061
33 years$26,863$18,542$12,501$8,266$5,382$3,621
34 years$25,788$17,574$11,680$7,605$4,873$3,230
35 years$24,776$16,668$10,920$7,001$4,413$2,882
36 years$23,823$15,821$10,216$6,448$3,999$2,573
37 years$22,924$15,026$9,562$5,941$3,624$2,297
38 years$22,074$14,280$8,954$5,476$3,286$2,051
39 years$21,270$13,579$8,389$5,049$2,980$1,831
40 years$20,507$12,919$7,863$4,657$2,703$1,636
41 years$19,784$12,298$7,373$4,297$2,452$1,461
42 years$19,097$11,712$6,916$3,965$2,225$1,306
43 years$18,444$11,159$6,490$3,660$2,019$1,167
44 years$17,822$10,637$6,092$3,380$1,833$1,043
45 years$17,230$10,143$5,720$3,121$1,664$932
46 years$16,665$9,676$5,372$2,883$1,511$833
47 years$16,125$9,234$5,047$2,664$1,372$745
48 years$15,610$8,815$4,743$2,461$1,246$666
49 years$15,117$8,418$4,458$2,275$1,131$595
50 years$14,645$8,041$4,191$2,103$1,028$532

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 $5,161 every year, while hoping to spend $31,590 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: 38/45/17 Blend
63$15,000,000$15,000,000$15,000,000$15,000,000
64$16,535,324$15,740,324$15,507,824$17,078,845
65$18,188,315$16,477,988$15,993,724$18,207,226
66$20,008,853$17,250,739$16,494,844$19,422,486
67$22,013,994$18,060,263$17,011,658$20,735,169
68$24,222,532$18,908,327$17,544,660$22,154,066
69$26,655,179$19,796,784$18,094,355$23,688,813
70$29,334,758$20,727,577$18,661,267$25,349,977
71$32,286,418$21,702,742$19,245,933$27,149,146
72$35,537,871$22,724,415$19,848,911$29,099,031
73$39,119,657$23,794,835$20,470,773$31,213,577
74$43,065,429$24,916,348$21,112,110$33,508,088
75$47,412,269$26,091,416$21,773,533$35,999,364
76$52,201,044$27,322,619$22,455,669$38,705,844
77$57,476,784$28,612,661$23,159,168$41,647,778
78$63,289,113$29,964,379$23,884,697$44,847,401
79$69,692,716$31,380,747$24,632,948$48,329,140
80$76,747,852$32,864,882$25,404,630$52,119,824
81$84,520,926$34,420,054$26,200,478$56,248,934
82$93,085,114$36,049,690$27,021,248$60,748,864
83$102,521,055$37,757,385$27,867,720$65,655,216
84$112,917,613$39,546,907$28,740,698$71,007,123
85$124,372,710$41,422,206$29,641,013$76,847,603
86$136,994,259$43,387,427$30,569,519$83,223,950
87$150,901,175$45,446,912$31,527,099$90,188,167
88$166,224,502$47,605,218$32,514,664$97,797,441
89$183,108,647$49,867,120$33,533,151$106,114,663
90$201,712,747$52,237,626$34,583,530$115,209,008
91$222,212,165$54,721,988$35,666,796$125,156,565
92$244,800,153$57,325,713$36,783,981$136,041,041
93$269,689,670$60,054,574$37,936,146$147,954,526
94$297,115,394$62,914,626$39,124,384$160,998,345
95$327,335,940$65,912,218$40,349,827$175,283,991
96$360,636,296$69,054,007$41,613,637$190,934,154
97$397,330,520$72,346,975$42,917,015$208,083,854
98$437,764,699$75,798,442$44,261,200$226,881,692
99$482,320,217$79,416,085$45,647,470$247,491,226
100$531,417,359$83,207,953$47,077,140$270,092,484