Can I retire at age 65 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,226,663
2 years$641,827$629,874$618,289$607,057$596,162$570,806
3 years$423,635$411,630$400,074$388,947$378,230$353,586
4 years$314,560$302,591$291,151$280,215$269,757$246,016
5 years$249,132$237,235$225,945$215,232$205,065$182,294
6 years$205,527$193,720$182,598$172,122$162,261$140,484
7 years$174,394$162,686$151,739$141,511$131,961$111,184
8 years$151,054$139,452$128,687$118,710$109,475$89,691
9 years$132,910$121,418$110,838$101,115$92,194$73,390
10 years$118,404$107,024$96,631$87,162$78,553$60,711
11 years$106,543$95,277$85,073$75,857$67,559$50,656
12 years$96,666$85,516$75,500$66,537$58,545$42,558
13 years$88,315$77,281$67,454$58,742$51,052$35,953
14 years$81,163$70,247$60,608$52,145$44,752$30,513
15 years$74,970$64,171$54,721$46,504$39,403$25,993
16 years$69,557$58,876$49,612$41,639$34,825$22,213
17 years$64,785$54,223$45,145$37,412$30,878$19,032
18 years$60,549$50,104$41,212$33,716$27,455$16,344
19 years$56,763$46,436$37,727$30,465$24,472$14,061
20 years$53,359$43,151$34,624$27,592$21,858$12,117
21 years$50,284$40,193$31,848$25,042$19,561$10,456
22 years$47,492$37,519$29,353$22,769$17,533$9,033
23 years$44,947$35,091$27,102$20,736$15,739$7,811
24 years$42,617$32,878$25,065$18,912$14,147$6,761
25 years$40,477$30,854$23,215$17,272$12,730$5,856
26 years$38,505$28,998$21,531$15,792$11,467$5,076
27 years$36,682$27,290$19,993$14,455$10,338$4,402
28 years$34,992$25,716$18,586$13,244$9,328$3,819
29 years$33,421$24,260$17,296$12,145$8,423$3,315
30 years$31,958$22,911$16,111$11,146$7,611$2,878
31 years$30,592$21,658$15,019$10,237$6,881$2,500
32 years$29,314$20,493$14,013$9,408$6,224$2,172
33 years$28,116$19,407$13,084$8,651$5,633$1,887
34 years$26,991$18,394$12,225$7,960$5,100$1,640
35 years$25,933$17,446$11,430$7,328$4,619$1,426
36 years$24,935$16,559$10,692$6,749$4,185$1,240
37 years$23,994$15,727$10,008$6,218$3,793$1,078
38 years$23,104$14,946$9,372$5,731$3,439$938
39 years$22,262$14,213$8,780$5,284$3,119$815
40 years$21,464$13,522$8,230$4,874$2,829$709
41 years$20,707$12,872$7,717$4,497$2,566$617
42 years$19,988$12,259$7,239$4,150$2,329$537
43 years$19,305$11,680$6,793$3,831$2,113$467
44 years$18,654$11,133$6,376$3,537$1,918$406
45 years$18,034$10,617$5,987$3,267$1,741$353
46 years$17,442$10,128$5,623$3,018$1,581$308
47 years$16,878$9,665$5,283$2,788$1,436$268
48 years$16,338$9,227$4,964$2,576$1,304$233
49 years$15,822$8,811$4,666$2,381$1,184$203
50 years$15,329$8,417$4,387$2,201$1,076$176

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,700,000, adding $4,407 every year, while hoping to spend $44,557 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: 31/39/30 Blend
64$15,700,000$15,700,000$15,700,000$15,700,000
65$17,305,946$16,473,846$16,230,496$17,683,661
66$19,023,744$17,233,656$16,726,809$18,738,381
67$20,915,264$18,029,203$17,238,256$19,868,693
68$22,998,179$18,862,192$17,765,295$21,084,545
69$25,291,962$19,734,409$18,308,401$22,393,466
70$27,818,073$20,647,725$18,868,063$23,803,706
71$30,600,155$21,604,103$19,444,782$25,324,299
72$33,664,267$22,605,599$20,039,078$26,965,151
73$37,039,119$23,654,371$20,651,484$28,737,116
74$40,756,350$24,752,676$21,282,550$30,652,099
75$44,850,825$25,902,885$21,932,843$32,723,155
76$49,360,963$27,107,479$22,602,947$34,964,606
77$54,329,098$28,369,063$23,293,462$37,392,165
78$59,801,882$29,690,363$24,005,009$40,023,077
79$65,830,724$31,074,240$24,738,227$42,876,274
80$72,472,273$32,523,693$25,493,772$45,972,538
81$79,788,954$34,041,863$26,272,323$49,334,691
82$87,849,558$35,632,046$27,074,577$52,987,798
83$96,729,892$37,297,695$27,901,254$56,959,391
84$106,513,489$39,042,430$28,753,095$61,279,720
85$117,292,404$40,870,048$29,630,862$65,982,020
86$129,168,076$42,784,527$30,535,343$71,102,817
87$142,252,289$44,790,039$31,467,346$76,682,257
88$156,668,228$46,890,956$32,427,708$82,764,471
89$172,551,638$49,091,864$33,417,287$89,397,973
90$190,052,109$51,397,568$34,436,969$96,636,109
91$209,334,484$53,813,109$35,487,668$104,537,535
92$230,580,418$56,343,769$36,570,322$113,166,764
93$253,990,093$58,995,086$37,685,900$122,594,745
94$279,784,105$61,772,867$38,835,400$132,899,526
95$308,205,547$64,683,201$40,019,849$144,166,961
96$339,522,306$67,732,470$41,240,307$156,491,504
97$374,029,587$70,927,367$42,497,863$169,977,081
98$412,052,705$74,274,909$43,793,641$184,738,045
99$453,950,152$77,782,450$45,128,800$200,900,232
100$500,116,983$81,457,706$46,504,530$218,602,127