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%12.9%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,244,686
2 years$645,915$633,886$622,227$610,924$599,959$584,634
3 years$426,333$414,251$402,622$391,425$380,639$365,693
4 years$316,563$304,519$293,006$281,999$271,475$257,023
5 years$250,719$238,746$227,385$216,603$206,371$192,455
6 years$206,836$194,954$183,761$173,219$163,294$149,931
7 years$175,504$163,722$152,706$142,413$132,802$119,997
8 years$152,016$140,340$129,507$119,467$110,172$97,924
9 years$133,757$122,191$111,544$101,759$92,781$81,085
10 years$119,158$107,706$97,247$87,717$79,054$67,902
11 years$107,222$95,884$85,614$76,340$67,989$57,371
12 years$97,282$86,060$75,981$66,961$58,918$48,823
13 years$88,877$77,773$67,884$59,116$51,377$41,792
14 years$81,680$70,694$60,994$52,477$45,037$35,948
15 years$75,448$64,580$55,069$46,800$39,654$31,046
16 years$70,000$59,251$49,928$41,904$35,047$26,905
17 years$65,198$54,568$45,433$37,651$31,075$23,383
18 years$60,935$50,423$41,474$33,931$27,630$20,372
19 years$57,124$46,732$37,968$30,659$24,627$17,787
20 years$53,699$43,425$34,845$27,768$21,998$15,557
21 years$50,604$40,449$32,051$25,201$19,685$13,629
22 years$47,795$37,758$29,540$22,914$17,645$11,956
23 years$45,233$35,314$27,275$20,868$15,839$10,500
24 years$42,889$33,087$25,224$19,033$14,237$9,232
25 years$40,735$31,051$23,363$17,382$12,811$8,123
26 years$38,750$29,182$21,668$15,893$11,540$7,154
27 years$36,915$27,464$20,120$14,547$10,404$6,304
28 years$35,215$25,879$18,705$13,328$9,388$5,559
29 years$33,634$24,414$17,406$12,222$8,477$4,904
30 years$32,162$23,057$16,213$11,217$7,659$4,329
31 years$30,787$21,796$15,115$10,302$6,925$3,823
32 years$29,501$20,624$14,103$9,468$6,264$3,377
33 years$28,295$19,531$13,168$8,707$5,669$2,984
34 years$27,163$18,511$12,303$8,011$5,133$2,637
35 years$26,098$17,557$11,503$7,374$4,649$2,331
36 years$25,094$16,664$10,760$6,792$4,212$2,062
37 years$24,147$15,827$10,072$6,258$3,817$1,823
38 years$23,251$15,042$9,432$5,768$3,461$1,613
39 years$22,404$14,303$8,836$5,318$3,138$1,427
40 years$21,601$13,608$8,282$4,905$2,847$1,263
41 years$20,839$12,954$7,766$4,526$2,583$1,117
42 years$20,116$12,337$7,285$4,177$2,343$989
43 years$19,428$11,754$6,836$3,856$2,127$875
44 years$18,773$11,204$6,417$3,560$1,930$775
45 years$18,149$10,684$6,025$3,288$1,753$686
46 years$17,553$10,192$5,659$3,037$1,591$607
47 years$16,985$9,727$5,316$2,806$1,445$538
48 years$16,442$9,285$4,996$2,593$1,312$476
49 years$15,923$8,867$4,696$2,396$1,192$421
50 years$15,426$8,470$4,415$2,215$1,082$373

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 $6,251 every year, while hoping to spend $56,106 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: 31/44/25 Blend
64$15,800,000$15,800,000$15,800,000$15,800,000
65$17,418,048$16,580,648$16,335,748$17,823,669
66$19,134,992$17,333,403$16,823,299$18,887,696
67$21,025,185$18,121,163$17,325,303$20,026,843
68$23,106,237$18,945,584$17,842,184$21,251,961
69$25,397,556$19,808,400$18,374,380$22,570,592
70$27,920,526$20,711,431$18,922,341$23,990,998
71$30,698,710$21,656,581$19,486,529$25,522,228
72$33,758,073$22,645,848$20,067,422$27,174,197
73$37,127,225$23,681,324$20,665,510$28,957,771
74$40,837,695$24,765,202$21,281,298$30,884,865
75$44,924,223$25,899,779$21,915,304$32,968,540
76$49,425,091$27,087,466$22,568,064$35,223,124
77$54,382,483$28,330,784$23,240,127$37,664,337
78$59,842,884$29,632,381$23,932,059$40,309,425
79$65,857,518$30,995,027$24,644,443$43,177,317
80$72,482,830$32,421,629$25,377,877$46,288,793
81$79,781,021$33,915,231$26,132,978$49,666,666
82$87,820,634$35,479,025$26,910,381$53,335,989
83$96,677,198$37,116,357$27,710,739$57,324,278
84$106,433,946$38,830,732$28,534,722$61,661,758
85$117,182,596$40,625,826$29,383,023$66,381,637
86$129,024,218$42,505,489$30,256,352$71,520,404
87$142,070,189$44,473,759$31,155,440$77,118,161
88$156,443,243$46,534,867$32,081,042$83,218,983
89$172,278,628$48,693,250$33,033,931$89,871,322
90$189,725,384$50,953,555$34,014,904$97,128,445
91$208,947,751$53,320,658$35,024,781$105,048,920
92$230,126,717$55,799,665$36,064,406$113,697,154
93$253,461,725$58,395,932$37,134,647$123,143,975
94$279,172,560$61,115,071$38,236,397$133,467,288
95$307,501,419$63,962,967$39,370,574$144,752,787
96$338,715,199$66,945,788$40,538,123$157,094,739
97$373,108,016$70,069,999$41,740,018$170,596,857
98$411,003,983$73,342,378$42,977,257$185,373,251
99$452,760,265$76,770,030$44,250,871$201,549,482
100$498,770,456$80,360,405$45,561,919$219,263,720