Can I retire at age 65 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%18.6%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,154,600
2 years$613,211$601,790$590,722$579,991$569,581$528,180
3 years$404,746$393,277$382,236$371,606$361,366$321,383
4 years$300,535$289,100$278,170$267,721$257,729$219,472
5 years$238,024$226,658$215,871$205,635$195,922$159,490
6 years$196,364$185,083$174,456$164,448$155,026$120,448
7 years$166,618$155,433$144,974$135,202$126,078$93,348
8 years$144,319$133,234$122,949$113,418$104,594$73,685
9 years$126,984$116,005$105,896$96,607$88,083$58,957
10 years$113,125$102,252$92,323$83,276$75,051$47,659
11 years$101,793$91,029$81,280$72,475$64,546$38,833
12 years$92,356$81,703$72,133$63,570$55,935$31,840
13 years$84,377$73,836$64,446$56,123$48,776$26,236
14 years$77,544$67,114$57,905$49,820$42,757$21,706
15 years$71,628$61,310$52,281$44,430$37,646$18,016
16 years$66,456$56,251$47,400$39,783$33,272$14,993
17 years$61,897$51,805$43,132$35,744$29,501$12,505
18 years$57,849$47,870$39,374$32,213$26,231$10,448
19 years$54,232$44,366$36,045$29,107$23,380$8,743
20 years$50,980$41,227$33,081$26,362$20,884$7,325
21 years$48,042$38,401$30,428$23,925$18,689$6,143
22 years$45,375$35,846$28,044$21,754$16,752$5,157
23 years$42,943$33,526$25,894$19,811$15,037$4,332
24 years$40,717$31,412$23,947$18,069$13,516$3,641
25 years$38,672$29,478$22,180$16,502$12,162$3,062
26 years$36,788$27,705$20,571$15,088$10,955$2,576
27 years$35,046$26,074$19,102$13,811$9,877$2,168
28 years$33,432$24,569$17,757$12,654$8,912$1,825
29 years$31,931$23,178$16,525$11,604$8,048$1,537
30 years$30,534$21,889$15,392$10,649$7,272$1,294
31 years$29,228$20,693$14,350$9,780$6,574$1,090
32 years$28,007$19,579$13,389$8,989$5,947$919
33 years$26,863$18,542$12,501$8,266$5,382$774
34 years$25,788$17,574$11,680$7,605$4,873$652
35 years$24,776$16,668$10,920$7,001$4,413$550
36 years$23,823$15,821$10,216$6,448$3,999$463
37 years$22,924$15,026$9,562$5,941$3,624$390
38 years$22,074$14,280$8,954$5,476$3,286$329
39 years$21,270$13,579$8,389$5,049$2,980$277
40 years$20,507$12,919$7,863$4,657$2,703$234
41 years$19,784$12,298$7,373$4,297$2,452$197
42 years$19,097$11,712$6,916$3,965$2,225$166
43 years$18,444$11,159$6,490$3,660$2,019$140
44 years$17,822$10,637$6,092$3,380$1,833$118
45 years$17,230$10,143$5,720$3,121$1,664$100
46 years$16,665$9,676$5,372$2,883$1,511$84
47 years$16,125$9,234$5,047$2,664$1,372$71
48 years$15,610$8,815$4,743$2,461$1,246$60
49 years$15,117$8,418$4,458$2,275$1,131$50
50 years$14,645$8,041$4,191$2,103$1,028$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,000,000, adding $4,187 every year, while hoping to spend $41,067 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: 56/27/17 Blend
64$15,000,000$15,000,000$15,000,000$15,000,000
65$16,534,319$15,739,319$15,506,819$17,385,648
66$18,177,124$16,466,851$15,982,602$18,692,759
67$19,986,120$17,228,655$16,472,948$20,111,148
68$21,978,213$18,026,368$16,978,301$21,655,341
69$24,172,035$18,861,704$17,499,118$23,337,401
70$26,588,116$19,736,462$18,035,873$25,170,591
71$29,249,080$20,652,524$18,589,050$27,169,490
72$32,179,854$21,611,866$19,159,152$29,350,130
73$35,407,910$22,616,558$19,746,694$31,730,141
74$38,963,517$23,668,769$20,352,208$34,328,911
75$42,880,032$24,770,776$20,976,243$37,167,766
76$47,194,212$25,924,960$21,619,364$40,270,164
77$51,946,562$27,133,823$22,282,153$43,661,912
78$57,181,715$28,399,985$22,965,209$47,371,401
79$62,948,857$29,726,191$23,669,151$51,429,872
80$69,302,188$31,115,321$24,394,614$55,871,700
81$76,301,433$32,570,394$25,142,256$60,734,713
82$84,012,410$34,094,574$25,912,752$66,060,544
83$92,507,646$35,691,178$26,706,799$71,895,012
84$101,867,064$37,363,684$27,525,115$78,288,551
85$112,178,737$39,115,737$28,368,439$85,296,675
86$123,539,719$40,951,160$29,237,533$92,980,495
87$136,056,963$42,873,958$30,133,183$101,407,287
88$149,848,325$44,888,334$31,056,196$110,651,114
89$165,043,683$46,998,692$32,007,408$120,793,520
90$181,786,159$49,209,648$32,987,676$131,924,287
91$200,233,470$51,526,043$33,997,886$144,142,274
92$220,559,418$53,952,953$35,038,949$157,556,333
93$242,955,530$56,495,700$36,111,805$172,286,334
94$267,632,865$59,159,860$37,217,422$188,464,274
95$294,824,009$61,951,285$38,356,797$206,235,520
96$324,785,265$64,876,106$39,530,958$225,760,159
97$357,799,081$67,940,753$40,740,963$247,214,502
98$394,176,705$71,151,968$41,987,903$270,792,729
99$434,261,134$74,516,819$43,272,903$296,708,709
100$478,430,344$78,042,718$44,597,120$325,198,002