Can I retire at age 65 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,168,599
2 years$621,387$609,814$598,598$587,724$577,176$533,851
3 years$410,143$398,520$387,333$376,560$366,184$324,366
4 years$304,542$292,955$281,879$271,291$261,166$221,173
5 years$241,198$229,680$218,750$208,377$198,534$160,472
6 years$198,982$187,551$176,782$166,641$157,093$120,991
7 years$168,840$157,505$146,907$137,005$127,759$93,607
8 years$146,243$135,011$124,589$114,930$105,988$73,759
9 years$128,678$117,551$107,308$97,895$89,257$58,907
10 years$114,633$103,616$93,554$84,386$76,052$47,528
11 years$103,150$92,243$82,363$73,441$65,407$38,651
12 years$93,587$82,792$73,095$64,418$56,680$31,628
13 years$85,502$74,820$65,306$56,871$49,426$26,008
14 years$78,578$68,009$58,678$50,484$43,327$21,472
15 years$72,583$62,128$52,978$45,023$38,148$17,784
16 years$67,342$57,001$48,032$40,313$33,716$14,768
17 years$62,722$52,496$43,707$36,221$29,895$12,290
18 years$58,621$48,509$39,899$32,642$26,581$10,246
19 years$54,955$44,957$36,526$29,495$23,692$8,554
20 years$51,660$41,776$33,522$26,714$21,162$7,150
21 years$48,683$38,913$30,833$24,244$18,938$5,983
22 years$45,980$36,324$28,418$22,044$16,975$5,010
23 years$43,515$33,973$26,239$20,076$15,238$4,199
24 years$41,260$31,831$24,266$18,310$13,696$3,521
25 years$39,188$29,871$22,476$16,722$12,324$2,954
26 years$37,279$28,074$20,845$15,290$11,101$2,479
27 years$35,514$26,421$19,356$13,995$10,009$2,081
28 years$33,877$24,897$17,994$12,822$9,031$1,748
29 years$32,357$23,487$16,745$11,758$8,155$1,468
30 years$30,941$22,181$15,598$10,791$7,368$1,233
31 years$29,618$20,968$14,541$9,911$6,662$1,036
32 years$28,381$19,840$13,567$9,108$6,026$871
33 years$27,221$18,789$12,668$8,376$5,454$732
34 years$26,132$17,808$11,836$7,707$4,938$615
35 years$25,107$16,890$11,066$7,094$4,472$517
36 years$24,141$16,032$10,352$6,534$4,052$435
37 years$23,230$15,226$9,689$6,020$3,672$366
38 years$22,368$14,470$9,073$5,549$3,329$307
39 years$21,553$13,760$8,501$5,116$3,019$259
40 years$20,781$13,091$7,968$4,719$2,739$217
41 years$20,048$12,462$7,471$4,354$2,485$183
42 years$19,352$11,868$7,008$4,018$2,254$154
43 years$18,690$11,308$6,576$3,709$2,046$129
44 years$18,060$10,779$6,173$3,425$1,857$109
45 years$17,459$10,279$5,796$3,163$1,686$91
46 years$16,887$9,805$5,444$2,922$1,531$77
47 years$16,340$9,357$5,115$2,699$1,390$65
48 years$15,818$8,933$4,806$2,494$1,262$54
49 years$15,318$8,530$4,518$2,305$1,147$46
50 years$14,841$8,149$4,247$2,131$1,041$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,200,000, adding $3,685 every year, while hoping to spend $47,762 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: 36/39/25 Blend
64$15,200,000$15,200,000$15,200,000$15,200,000
65$16,754,201$15,948,601$15,713,001$17,231,061
66$18,412,311$16,679,264$16,188,568$18,314,170
67$20,237,948$17,444,129$16,678,466$19,478,030
68$22,248,148$18,244,821$17,183,124$20,733,585
69$24,461,686$19,083,043$17,702,985$22,089,094
70$26,899,247$19,960,582$18,238,505$23,553,610
71$29,583,628$20,879,308$18,790,152$25,137,066
72$32,539,946$21,841,182$19,358,410$26,850,353
73$35,795,880$22,848,260$19,943,777$28,705,420
74$39,381,931$23,902,696$20,546,764$30,715,383
75$43,331,707$25,006,747$21,167,900$32,894,635
76$47,682,244$26,162,781$21,807,728$35,258,976
77$52,474,353$27,373,277$22,466,807$37,825,758
78$57,753,006$28,640,837$23,145,714$40,614,033
79$63,567,759$29,968,184$23,845,042$43,644,731
80$69,973,221$31,358,175$24,565,401$46,940,842
81$77,029,569$32,813,805$25,307,421$50,527,627
82$84,803,115$34,338,212$26,071,750$54,432,845
83$93,366,934$35,934,685$26,859,055$58,687,005
84$102,801,550$37,606,674$27,670,022$63,323,641
85$113,195,699$39,357,792$28,505,359$68,379,618
86$124,647,166$41,191,830$29,365,795$73,895,468
87$137,263,707$43,112,759$30,252,078$79,915,757
88$151,164,063$45,124,743$31,164,981$86,489,498
89$166,479,090$47,232,147$32,105,300$93,670,593
90$183,352,982$49,439,547$33,073,852$101,518,333
91$201,944,641$51,751,740$34,071,482$110,097,936
92$222,429,174$54,173,755$35,099,056$119,481,153
93$244,999,544$56,710,863$36,157,468$129,746,924
94$269,868,393$59,368,591$37,247,639$140,982,107
95$297,270,050$62,152,732$38,370,516$153,282,281
96$327,462,741$65,069,362$39,527,074$166,752,626
97$360,731,027$68,124,848$40,718,318$181,508,899
98$397,388,493$71,325,866$41,945,282$197,678,503
99$437,780,700$74,679,415$43,209,031$215,401,668
100$482,288,459$78,192,834$44,510,660$234,832,755