Can I retire at age 65 with 15,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,247,911
2 years$650,004$637,898$626,165$614,790$603,756$583,682
3 years$429,031$416,873$405,171$393,902$383,048$363,500
4 years$318,567$306,446$294,860$283,784$273,193$254,323
5 years$252,305$240,257$228,824$217,973$207,677$189,539
6 years$208,146$196,188$184,924$174,315$164,328$146,942
7 years$176,615$164,759$153,672$143,314$133,642$117,016
8 years$152,978$141,229$130,326$120,223$110,869$94,998
9 years$134,604$122,965$112,250$102,403$93,368$78,244
10 years$119,912$108,387$97,862$88,272$79,554$65,165
11 years$107,900$96,491$86,156$76,823$68,419$54,751
12 years$97,897$86,605$76,461$67,384$59,291$46,325
13 years$89,440$78,266$68,313$59,490$51,703$39,422
14 years$82,197$71,141$61,380$52,809$45,322$33,706
15 years$75,925$64,989$55,418$47,096$39,905$28,932
16 years$70,443$59,626$50,244$42,170$35,268$24,916
17 years$65,611$54,913$45,720$37,889$31,271$21,517
18 years$61,320$50,742$41,737$34,146$27,805$18,625
19 years$57,486$47,028$38,208$30,854$24,783$16,155
20 years$54,039$43,700$35,065$27,944$22,137$14,036
21 years$50,925$40,705$32,253$25,361$19,810$12,213
22 years$48,097$37,997$29,726$23,059$17,757$10,641
23 years$45,519$35,538$27,447$21,000$15,940$9,281
24 years$43,160$33,296$25,384$19,153$14,327$8,102
25 years$40,993$31,247$23,511$17,492$12,892$7,080
26 years$38,995$29,367$21,805$15,994$11,613$6,190
27 years$37,149$27,638$20,248$14,639$10,470$5,416
28 years$35,438$26,043$18,823$13,413$9,447$4,741
29 years$33,847$24,569$17,516$12,300$8,530$4,152
30 years$32,366$23,203$16,316$11,288$7,708$3,638
31 years$30,982$21,934$15,211$10,367$6,969$3,189
32 years$29,688$20,754$14,192$9,528$6,304$2,796
33 years$28,475$19,654$13,251$8,762$5,705$2,452
34 years$27,335$18,628$12,381$8,061$5,165$2,151
35 years$26,263$17,668$11,575$7,421$4,678$1,887
36 years$25,253$16,770$10,829$6,835$4,239$1,656
37 years$24,300$15,927$10,135$6,297$3,842$1,454
38 years$23,399$15,137$9,491$5,804$3,483$1,276
39 years$22,546$14,394$8,892$5,352$3,158$1,120
40 years$21,738$13,694$8,335$4,936$2,865$984
41 years$20,971$13,036$7,815$4,554$2,599$864
42 years$20,243$12,415$7,331$4,203$2,358$759
43 years$19,551$11,829$6,879$3,880$2,140$666
44 years$18,891$11,275$6,457$3,582$1,943$585
45 years$18,263$10,752$6,063$3,309$1,764$514
46 years$17,664$10,257$5,695$3,056$1,601$451
47 years$17,093$9,788$5,350$2,823$1,454$397
48 years$16,546$9,344$5,028$2,609$1,320$348
49 years$16,024$8,923$4,726$2,411$1,199$306
50 years$15,524$8,524$4,443$2,229$1,089$269

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,900,000, adding $2,954 every year, while hoping to spend $48,432 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: 55/33/12 Blend
64$15,900,000$15,900,000$15,900,000$15,900,000
65$17,524,847$16,682,147$16,435,697$18,434,791
66$19,260,850$17,448,041$16,934,762$19,818,170
67$21,172,302$18,249,840$17,448,922$21,318,150
68$23,277,048$19,089,254$17,978,632$22,950,239
69$25,594,751$19,968,071$18,524,360$24,727,032
70$28,147,078$20,888,169$19,086,588$26,662,371
71$30,957,905$21,851,514$19,665,814$28,771,470
72$34,053,541$22,860,168$20,262,548$31,071,052
73$37,462,976$23,916,290$20,877,318$33,579,502
74$41,218,157$25,022,146$21,510,665$36,317,032
75$45,354,286$26,180,108$22,163,149$39,305,872
76$49,910,155$27,392,664$22,835,346$42,570,464
77$54,928,508$28,662,423$23,527,848$46,137,693
78$60,456,450$29,992,116$24,241,265$50,037,131
79$66,545,887$31,384,609$24,976,227$54,301,307
80$73,254,018$32,842,904$25,733,380$58,966,011
81$80,643,872$34,370,151$26,513,393$64,070,617
82$88,784,906$35,969,648$27,316,951$69,658,450
83$97,753,660$37,644,854$28,144,762$75,777,186
84$107,634,476$39,399,395$28,997,554$82,479,292
85$118,520,299$41,237,071$29,876,079$89,822,509
86$130,513,550$43,161,868$30,781,108$97,870,389
87$143,727,094$45,177,961$31,713,436$106,692,887
88$158,285,306$47,289,730$32,673,885$116,367,003
89$174,325,244$49,501,764$33,663,297$126,977,501
90$191,997,943$51,818,874$34,682,542$138,617,697
91$211,469,841$54,246,106$35,732,514$151,390,328
92$232,924,347$56,788,748$36,814,136$165,408,502
93$256,563,578$59,452,344$37,928,357$180,796,760
94$282,610,259$62,242,706$39,076,154$197,692,229
95$311,309,834$65,165,927$40,258,533$216,245,907
96$342,932,776$68,228,396$41,476,533$236,624,067
97$377,777,142$71,436,810$42,731,219$259,009,814
98$416,171,387$74,798,191$44,023,692$283,604,792
99$458,477,467$78,319,900$45,355,084$310,631,070
100$505,094,249$82,009,656$46,726,560$340,333,220