Can I retire at age 65 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,214,246
2 years$645,915$633,886$622,227$610,924$599,959$554,450
3 years$426,333$414,251$402,622$391,425$380,639$336,720
4 years$316,563$304,519$293,006$281,999$271,475$229,481
5 years$250,719$238,746$227,385$216,603$206,371$166,413
6 years$206,836$194,954$183,761$173,219$163,294$125,400
7 years$175,504$163,722$152,706$142,413$132,802$96,963
8 years$152,016$140,340$129,507$119,467$110,172$76,358
9 years$133,757$122,191$111,544$101,759$92,781$60,946
10 years$119,158$107,706$97,247$87,717$79,054$49,142
11 years$107,222$95,884$85,614$76,340$67,989$39,938
12 years$97,282$86,060$75,981$66,961$58,918$32,658
13 years$88,877$77,773$67,884$59,116$51,377$26,837
14 years$81,680$70,694$60,994$52,477$45,037$22,141
15 years$75,448$64,580$55,069$46,800$39,654$18,325
16 years$70,000$59,251$49,928$41,904$35,047$15,207
17 years$65,198$54,568$45,433$37,651$31,075$12,646
18 years$60,935$50,423$41,474$33,931$27,630$10,534
19 years$57,124$46,732$37,968$30,659$24,627$8,788
20 years$53,699$43,425$34,845$27,768$21,998$7,340
21 years$50,604$40,449$32,051$25,201$19,685$6,137
22 years$47,795$37,758$29,540$22,914$17,645$5,136
23 years$45,233$35,314$27,275$20,868$15,839$4,300
24 years$42,889$33,087$25,224$19,033$14,237$3,603
25 years$40,735$31,051$23,363$17,382$12,811$3,020
26 years$38,750$29,182$21,668$15,893$11,540$2,533
27 years$36,915$27,464$20,120$14,547$10,404$2,125
28 years$35,215$25,879$18,705$13,328$9,388$1,783
29 years$33,634$24,414$17,406$12,222$8,477$1,496
30 years$32,162$23,057$16,213$11,217$7,659$1,256
31 years$30,787$21,796$15,115$10,302$6,925$1,055
32 years$29,501$20,624$14,103$9,468$6,264$886
33 years$28,295$19,531$13,168$8,707$5,669$744
34 years$27,163$18,511$12,303$8,011$5,133$625
35 years$26,098$17,557$11,503$7,374$4,649$525
36 years$25,094$16,664$10,760$6,792$4,212$441
37 years$24,147$15,827$10,072$6,258$3,817$370
38 years$23,251$15,042$9,432$5,768$3,461$311
39 years$22,404$14,303$8,836$5,318$3,138$261
40 years$21,601$13,608$8,282$4,905$2,847$220
41 years$20,839$12,954$7,766$4,526$2,583$184
42 years$20,116$12,337$7,285$4,177$2,343$155
43 years$19,428$11,754$6,836$3,856$2,127$130
44 years$18,773$11,204$6,417$3,560$1,930$109
45 years$18,149$10,684$6,025$3,288$1,753$92
46 years$17,553$10,192$5,659$3,037$1,591$77
47 years$16,985$9,727$5,316$2,806$1,445$65
48 years$16,442$9,285$4,996$2,593$1,312$55
49 years$15,923$8,867$4,696$2,396$1,192$46
50 years$15,426$8,470$4,415$2,215$1,082$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,800,000, adding $6,283 every year, while hoping to spend $20,378 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: 44/45/11 Blend
64$15,800,000$15,800,000$15,800,000$15,800,000
65$17,418,081$16,580,681$16,335,781$18,129,265
66$19,173,043$17,371,452$16,861,348$19,415,233
67$21,106,329$18,200,288$17,403,838$20,805,617
68$23,236,105$19,069,033$17,963,797$22,312,103
69$25,582,391$19,979,619$18,541,788$23,945,373
70$28,167,249$20,934,075$19,138,392$25,717,147
71$31,014,989$21,934,526$19,754,209$27,640,286
72$34,152,402$22,983,201$20,389,858$29,728,902
73$37,609,008$24,082,439$21,045,979$31,998,485
74$41,417,339$25,234,690$21,723,232$34,466,043
75$45,613,244$26,442,527$22,422,297$37,150,248
76$50,236,229$27,708,645$23,143,878$40,071,608
77$55,329,827$29,035,871$23,888,701$43,252,650
78$60,942,011$30,427,171$24,657,514$46,718,119
79$67,125,648$31,885,653$25,451,092$50,495,205
80$73,938,993$33,414,579$26,270,233$54,613,786
81$81,446,245$35,017,368$27,115,760$59,106,697
82$89,718,149$36,697,606$27,988,525$64,010,031
83$98,832,665$38,459,054$28,889,406$69,363,465
84$108,875,705$40,305,656$29,819,309$75,210,621
85$119,941,941$42,241,548$30,779,170$81,599,461
86$132,135,703$44,271,067$31,769,956$88,582,731
87$145,571,958$46,398,763$32,792,663$96,218,437
88$160,377,401$48,629,405$33,848,320$104,570,380
89$176,691,648$50,967,998$34,937,991$113,708,740
90$194,668,554$53,419,789$36,062,772$123,710,719
91$214,477,668$55,990,279$37,223,796$134,661,254
92$236,305,827$58,685,240$38,422,231$146,653,798
93$260,358,930$61,510,725$39,659,283$159,791,178
94$286,863,870$64,473,080$40,936,199$174,186,551
95$316,070,687$67,578,964$42,254,264$189,964,444
96$348,254,921$70,835,356$43,614,806$207,261,907
97$383,720,215$74,249,580$45,019,193$226,229,784
98$422,801,182$77,829,315$46,468,842$247,034,106
99$465,866,566$81,582,615$47,965,211$269,857,639
100$513,322,718$85,517,925$49,509,808$294,901,573