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%16.4%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,164,843
2 years$613,211$601,790$590,722$579,991$569,581$538,282
3 years$404,746$393,277$382,236$371,606$361,366$331,025
4 years$300,535$289,100$278,170$267,721$257,729$228,580
5 years$238,024$226,658$215,871$205,635$195,922$168,045
6 years$196,364$185,083$174,456$164,448$155,026$128,449
7 years$166,618$155,433$144,974$135,202$126,078$100,802
8 years$144,319$133,234$122,949$113,418$104,594$80,607
9 years$126,984$116,005$105,896$96,607$88,083$65,364
10 years$113,125$102,252$92,323$83,276$75,051$53,572
11 years$101,793$91,029$81,280$72,475$64,546$44,275
12 years$92,356$81,703$72,133$63,570$55,935$36,834
13 years$84,377$73,836$64,446$56,123$48,776$30,807
14 years$77,544$67,114$57,905$49,820$42,757$25,879
15 years$71,628$61,310$52,281$44,430$37,646$21,816
16 years$66,456$56,251$47,400$39,783$33,272$18,446
17 years$61,897$51,805$43,132$35,744$29,501$15,634
18 years$57,849$47,870$39,374$32,213$26,231$13,278
19 years$54,232$44,366$36,045$29,107$23,380$11,297
20 years$50,980$41,227$33,081$26,362$20,884$9,625
21 years$48,042$38,401$30,428$23,925$18,689$8,211
22 years$45,375$35,846$28,044$21,754$16,752$7,011
23 years$42,943$33,526$25,894$19,811$15,037$5,992
24 years$40,717$31,412$23,947$18,069$13,516$5,126
25 years$38,672$29,478$22,180$16,502$12,162$4,387
26 years$36,788$27,705$20,571$15,088$10,955$3,757
27 years$35,046$26,074$19,102$13,811$9,877$3,218
28 years$33,432$24,569$17,757$12,654$8,912$2,758
29 years$31,931$23,178$16,525$11,604$8,048$2,365
30 years$30,534$21,889$15,392$10,649$7,272$2,028
31 years$29,228$20,693$14,350$9,780$6,574$1,740
32 years$28,007$19,579$13,389$8,989$5,947$1,493
33 years$26,863$18,542$12,501$8,266$5,382$1,281
34 years$25,788$17,574$11,680$7,605$4,873$1,100
35 years$24,776$16,668$10,920$7,001$4,413$944
36 years$23,823$15,821$10,216$6,448$3,999$810
37 years$22,924$15,026$9,562$5,941$3,624$696
38 years$22,074$14,280$8,954$5,476$3,286$597
39 years$21,270$13,579$8,389$5,049$2,980$513
40 years$20,507$12,919$7,863$4,657$2,703$441
41 years$19,784$12,298$7,373$4,297$2,452$378
42 years$19,097$11,712$6,916$3,965$2,225$325
43 years$18,444$11,159$6,490$3,660$2,019$279
44 years$17,822$10,637$6,092$3,380$1,833$240
45 years$17,230$10,143$5,720$3,121$1,664$206
46 years$16,665$9,676$5,372$2,883$1,511$177
47 years$16,125$9,234$5,047$2,664$1,372$152
48 years$15,610$8,815$4,743$2,461$1,246$131
49 years$15,117$8,418$4,458$2,275$1,131$112
50 years$14,645$8,041$4,191$2,103$1,028$96

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 $2,850 every year, while hoping to spend $38,773 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: 50/40/10 Blend
63$15,000,000$15,000,000$15,000,000$15,000,000
64$16,532,940$15,737,940$15,505,440$17,315,559
65$18,178,045$16,467,845$15,983,618$18,580,968
66$19,989,652$17,232,215$16,476,515$19,950,931
67$21,984,703$18,032,700$16,984,585$21,438,695
68$24,181,866$18,871,025$17,508,291$23,055,320
69$26,601,713$19,749,003$18,048,116$24,812,952
70$29,266,914$20,668,530$18,604,554$26,724,928
71$32,202,447$21,631,596$19,178,115$28,805,899
72$35,435,840$22,640,287$19,769,325$31,071,962
73$38,997,424$23,696,790$20,378,726$33,540,805
74$42,920,624$24,803,395$21,006,876$36,231,862
75$47,242,273$25,962,507$21,654,351$39,166,498
76$52,002,958$27,176,643$22,321,745$42,368,193
77$57,247,405$28,448,444$23,009,669$45,862,763
78$63,024,900$29,780,677$23,718,753$49,678,591
79$69,389,755$31,176,245$24,449,646$53,846,888
80$76,401,819$32,638,190$25,203,018$58,401,977
81$84,127,044$34,169,701$25,979,559$63,381,606
82$92,638,108$35,774,122$26,779,979$68,827,299
83$102,015,098$37,454,957$27,605,012$74,784,729
84$112,346,271$39,215,883$28,455,412$81,304,146
85$123,728,880$41,060,751$29,331,958$88,440,835
86$136,270,100$42,993,601$30,235,453$96,255,625
87$150,088,031$45,018,669$31,166,721$104,815,455
88$165,312,820$47,140,393$32,126,617$114,193,985
89$182,087,886$49,363,431$33,116,016$124,472,283
90$200,571,273$51,692,662$34,135,825$135,739,574
91$220,937,144$54,133,203$35,186,976$148,094,065
92$243,377,423$56,690,420$36,270,430$161,643,857
93$268,103,608$59,369,939$37,387,178$176,507,949
94$295,348,767$62,177,657$38,538,240$192,817,342
95$325,369,738$65,119,759$39,724,667$210,716,256
96$358,449,553$68,202,729$40,947,546$230,363,477
97$394,900,111$71,433,366$42,207,991$251,933,827
98$435,065,119$74,818,798$43,507,156$275,619,802
99$479,323,342$78,366,500$44,846,227$301,633,359
100$528,092,174$82,084,309$46,226,426$330,207,898