Can I retire at age 65 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,208,567
2 years$633,651$621,850$610,413$599,324$588,568$561,080
3 years$418,238$406,386$394,978$383,993$373,411$346,720
4 years$310,552$298,737$287,443$276,645$266,320$240,630
5 years$245,958$234,213$223,067$212,490$202,452$177,836
6 years$202,909$191,253$180,271$169,930$160,194$136,676
7 years$172,172$160,614$149,806$139,709$130,280$107,866
8 years$149,130$137,676$127,048$117,198$108,080$86,761
9 years$131,217$119,871$109,426$99,827$91,019$70,780
10 years$116,896$105,661$95,400$86,052$77,553$58,372
11 years$105,186$94,064$83,989$74,891$66,698$48,550
12 years$95,434$84,426$74,538$65,689$57,799$40,656
13 years$87,190$76,297$66,595$57,994$50,402$34,233
14 years$80,129$69,352$59,836$51,480$44,182$28,954
15 years$74,015$63,354$54,024$45,911$38,901$24,580
16 years$68,671$58,126$48,980$41,109$34,381$20,931
17 years$63,960$53,532$44,570$36,936$30,485$17,869
18 years$59,778$49,466$40,687$33,287$27,106$15,289
19 years$56,040$45,845$37,247$30,077$24,160$13,105
20 years$52,680$42,601$34,183$27,241$21,580$11,250
21 years$49,644$39,681$31,442$24,723$19,312$9,671
22 years$46,887$37,041$28,979$22,479$17,310$8,323
23 years$44,374$34,644$26,757$20,472$15,539$7,169
24 years$42,074$32,459$24,745$18,671$13,966$6,181
25 years$39,961$30,461$22,919$17,052$12,568$5,332
26 years$38,014$28,628$21,256$15,591$11,320$4,603
27 years$36,214$26,943$19,738$14,271$10,206$3,976
28 years$34,546$25,388$18,349$13,075$9,209$3,435
29 years$32,996$23,951$17,076$11,990$8,316$2,970
30 years$31,551$22,619$15,905$11,004$7,514$2,568
31 years$30,203$21,382$14,828$10,106$6,793$2,221
32 years$28,941$20,232$13,835$9,288$6,145$1,922
33 years$27,758$19,160$12,918$8,541$5,561$1,663
34 years$26,647$18,159$12,070$7,859$5,035$1,439
35 years$25,602$17,224$11,284$7,234$4,560$1,246
36 years$24,618$16,348$10,556$6,663$4,132$1,079
37 years$23,688$15,527$9,880$6,139$3,745$934
38 years$22,810$14,756$9,252$5,658$3,395$809
39 years$21,979$14,031$8,669$5,217$3,079$700
40 years$21,191$13,350$8,125$4,812$2,793$607
41 years$20,444$12,708$7,619$4,440$2,534$526
42 years$19,734$12,102$7,147$4,097$2,299$455
43 years$19,059$11,531$6,706$3,782$2,086$394
44 years$18,416$10,992$6,295$3,492$1,894$342
45 years$17,804$10,482$5,911$3,225$1,719$296
46 years$17,220$9,999$5,551$2,979$1,561$256
47 years$16,663$9,542$5,216$2,752$1,417$222
48 years$16,130$9,109$4,901$2,543$1,287$192
49 years$15,621$8,699$4,607$2,351$1,169$167
50 years$15,133$8,309$4,331$2,173$1,062$144

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,500,000, adding $3,570 every year, while hoping to spend $39,391 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: 70/20/10 Blend
64$15,500,000$15,500,000$15,500,000$15,500,000
65$17,084,682$16,263,182$16,022,932$18,246,798
66$18,785,408$17,018,167$16,517,789$19,772,132
67$20,658,288$17,808,825$17,027,903$21,435,584
68$22,720,840$18,636,864$17,553,744$23,254,820
69$24,992,367$19,504,071$18,095,796$25,245,156
70$27,494,141$20,412,324$18,654,558$27,423,446
71$30,249,601$21,363,585$19,230,543$29,808,237
72$33,284,577$22,359,917$19,824,283$32,419,941
73$36,627,530$23,403,479$20,436,323$35,281,023
74$40,309,824$24,496,536$21,067,225$38,416,211
75$44,366,020$25,641,460$21,717,571$41,852,721
76$48,834,202$26,840,740$22,387,958$45,620,518
77$53,756,339$28,096,984$23,079,003$49,752,586
78$59,178,677$29,412,928$23,791,341$54,285,240
79$65,152,177$30,791,437$24,525,626$59,258,460
80$71,732,999$32,235,517$25,282,535$64,716,268
81$78,983,027$33,748,319$26,062,762$70,707,134
82$86,970,456$35,333,147$26,867,024$77,284,431
83$95,770,433$36,993,462$27,696,060$84,506,932
84$105,465,772$38,732,896$28,550,633$92,439,359
85$116,147,728$40,555,255$29,431,526$101,152,986
86$127,916,863$42,464,530$30,339,549$110,726,308
87$140,883,996$44,464,904$31,275,536$121,245,775
88$155,171,243$46,560,765$32,240,347$132,806,596
89$170,913,178$48,756,710$33,234,867$145,513,639
90$188,258,096$51,057,563$34,260,009$159,482,404
91$207,369,417$53,468,378$35,316,714$174,840,111
92$228,427,226$55,994,457$36,405,952$191,726,891
93$251,629,974$58,641,357$37,528,722$210,297,099
94$277,196,352$61,414,904$38,686,056$230,720,762
95$305,367,355$64,321,209$39,879,013$253,185,174
96$336,408,555$67,366,678$41,108,690$277,896,656
97$370,612,609$70,558,027$42,376,213$305,082,491
98$408,302,025$73,902,300$43,682,745$334,993,056
99$449,832,198$77,406,880$45,029,485$367,904,180
100$495,594,776$81,079,510$46,417,666$404,119,729