Can I retire at age 65 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,236,645
2 years$637,739$625,862$614,351$603,190$592,365$584,979
3 years$420,936$409,008$397,526$386,470$375,821$368,598
4 years$312,556$300,664$289,297$278,430$268,038$261,035
5 years$247,545$235,724$224,506$213,861$203,758$196,995
6 years$204,218$192,487$181,434$171,026$161,227$154,713
7 years$173,283$161,650$150,773$140,610$131,121$124,858
8 years$150,092$138,564$127,867$117,954$108,777$102,767
9 years$132,064$120,645$110,132$100,471$91,606$85,846
10 years$117,650$106,342$96,016$86,607$78,053$72,541
11 years$105,864$94,670$84,531$75,374$67,128$61,860
12 years$96,050$84,971$75,019$66,113$58,172$53,144
13 years$87,752$76,789$67,024$58,368$50,727$45,933
14 years$80,646$69,799$60,222$51,813$44,467$39,902
15 years$74,493$63,763$54,372$46,208$39,152$34,811
16 years$69,114$58,501$49,296$41,374$34,603$30,478
17 years$64,373$53,877$44,858$37,174$30,681$26,767
18 years$60,163$49,785$40,949$33,501$27,280$23,570
19 years$56,401$46,140$37,487$30,271$24,316$20,802
20 years$53,019$42,876$34,404$27,417$21,719$18,395
21 years$49,964$39,937$31,645$24,882$19,436$16,295
22 years$47,190$37,280$29,166$22,624$17,422$14,457
23 years$44,661$34,867$26,929$20,604$15,639$12,843
24 years$42,346$32,668$24,905$18,792$14,057$11,422
25 years$40,219$30,657$23,067$17,162$12,649$10,169
26 years$38,260$28,813$21,394$15,692$11,394$9,061
27 years$36,448$27,116$19,866$14,363$10,272$8,081
28 years$34,769$25,552$18,468$13,160$9,269$7,212
29 years$33,209$24,105$17,186$12,068$8,369$6,440
30 years$31,755$22,765$16,008$11,075$7,562$5,754
31 years$30,398$21,520$14,924$10,172$6,837$5,144
32 years$29,128$20,362$13,924$9,348$6,185$4,600
33 years$27,937$19,284$13,001$8,596$5,597$4,116
34 years$26,819$18,277$12,147$7,909$5,068$3,683
35 years$25,768$17,335$11,357$7,281$4,590$3,298
36 years$24,776$16,453$10,624$6,706$4,159$2,953
37 years$23,841$15,627$9,944$6,178$3,769$2,645
38 years$22,957$14,851$9,312$5,695$3,417$2,370
39 years$22,120$14,122$8,725$5,251$3,099$2,124
40 years$21,328$13,436$8,177$4,843$2,811$1,904
41 years$20,576$12,790$7,668$4,468$2,550$1,706
42 years$19,861$12,181$7,193$4,124$2,314$1,530
43 years$19,182$11,606$6,749$3,807$2,100$1,372
44 years$18,535$11,063$6,335$3,515$1,906$1,230
45 years$17,919$10,549$5,949$3,246$1,730$1,103
46 years$17,331$10,063$5,587$2,998$1,571$990
47 years$16,770$9,604$5,249$2,770$1,427$888
48 years$16,234$9,168$4,933$2,560$1,296$796
49 years$15,722$8,755$4,636$2,366$1,177$714
50 years$15,231$8,363$4,359$2,187$1,069$641

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,600,000, adding $3,604 every year, while hoping to spend $43,014 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: 63/18/19 Blend
64$15,600,000$15,600,000$15,600,000$15,600,000
65$17,194,918$16,368,118$16,126,318$18,194,720
66$18,903,033$17,124,389$16,620,783$19,624,422
67$20,783,934$17,916,276$17,130,371$21,179,961
68$22,855,200$18,745,478$17,655,543$22,877,771
69$25,136,201$19,613,777$18,196,774$24,731,732
70$27,648,282$20,523,041$18,754,555$26,757,111
71$30,414,963$21,475,226$19,329,389$28,970,706
72$33,462,163$22,472,385$19,921,797$31,391,000
73$36,818,440$23,516,669$20,532,313$34,038,333
74$40,515,266$24,610,331$21,161,491$36,935,087
75$44,587,321$25,755,735$21,809,899$40,105,899
76$49,072,820$26,955,358$22,478,123$43,577,881
77$54,013,873$28,211,797$23,166,766$47,380,879
78$59,456,887$29,527,773$23,876,451$51,547,747
79$65,452,996$30,906,141$24,607,818$56,114,650
80$72,058,550$32,349,891$25,361,529$61,121,405
81$79,335,646$33,862,159$26,138,264$66,611,848
82$87,352,710$35,446,233$26,938,724$72,634,245
83$96,185,147$37,105,558$27,763,632$79,241,737
84$105,916,049$38,843,748$28,613,731$86,492,842
85$116,636,984$40,664,590$29,489,789$94,451,997
86$128,448,856$42,572,054$30,392,596$103,190,161
87$141,462,858$44,570,303$31,322,967$112,785,477
88$155,801,523$46,663,702$32,281,740$123,324,003
89$171,599,880$48,856,825$33,269,779$134,900,519
90$189,006,727$51,154,468$34,287,976$147,619,409
91$208,186,038$53,561,662$35,337,248$161,595,645
92$229,318,508$56,083,677$36,418,540$176,955,857
93$252,603,261$58,726,043$37,532,827$193,839,525
94$278,259,728$61,494,554$38,681,111$212,400,281
95$306,529,719$64,395,286$39,864,427$232,807,357
96$337,679,706$67,434,610$41,083,841$255,247,163
97$372,003,336$70,619,206$42,340,449$279,925,046
98$409,824,205$73,956,077$43,635,384$307,067,211
99$451,498,914$77,452,564$44,969,809$336,922,844
100$497,420,432$81,116,368$46,344,926$369,766,460