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

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,250,490
2 years$650,004$637,898$626,165$614,790$603,756$586,259
3 years$429,031$416,873$405,171$393,902$383,048$365,995
4 years$318,567$306,446$294,860$283,784$273,193$256,716
5 years$252,305$240,257$228,824$217,973$207,677$191,823
6 years$208,146$196,188$184,924$174,315$164,328$149,117
7 years$176,615$164,759$153,672$143,314$133,642$119,079
8 years$152,978$141,229$130,326$120,223$110,869$96,952
9 years$134,604$122,965$112,250$102,403$93,368$80,091
10 years$119,912$108,387$97,862$88,272$79,554$66,907
11 years$107,900$96,491$86,156$76,823$68,419$56,390
12 years$97,897$86,605$76,461$67,384$59,291$47,865
13 years$89,440$78,266$68,313$59,490$51,703$40,866
14 years$82,197$71,141$61,380$52,809$45,322$35,058
15 years$75,925$64,989$55,418$47,096$39,905$30,195
16 years$70,443$59,626$50,244$42,170$35,268$26,094
17 years$65,611$54,913$45,720$37,889$31,271$22,615
18 years$61,320$50,742$41,737$34,146$27,805$19,646
19 years$57,486$47,028$38,208$30,854$24,783$17,103
20 years$54,039$43,700$35,065$27,944$22,137$14,915
21 years$50,925$40,705$32,253$25,361$19,810$13,027
22 years$48,097$37,997$29,726$23,059$17,757$11,393
23 years$45,519$35,538$27,447$21,000$15,940$9,976
24 years$43,160$33,296$25,384$19,153$14,327$8,743
25 years$40,993$31,247$23,511$17,492$12,892$7,669
26 years$38,995$29,367$21,805$15,994$11,613$6,733
27 years$37,149$27,638$20,248$14,639$10,470$5,914
28 years$35,438$26,043$18,823$13,413$9,447$5,198
29 years$33,847$24,569$17,516$12,300$8,530$4,571
30 years$32,366$23,203$16,316$11,288$7,708$4,022
31 years$30,982$21,934$15,211$10,367$6,969$3,540
32 years$29,688$20,754$14,192$9,528$6,304$3,116
33 years$28,475$19,654$13,251$8,762$5,705$2,744
34 years$27,335$18,628$12,381$8,061$5,165$2,418
35 years$26,263$17,668$11,575$7,421$4,678$2,130
36 years$25,253$16,770$10,829$6,835$4,239$1,877
37 years$24,300$15,927$10,135$6,297$3,842$1,655
38 years$23,399$15,137$9,491$5,804$3,483$1,459
39 years$22,546$14,394$8,892$5,352$3,158$1,286
40 years$21,738$13,694$8,335$4,936$2,865$1,134
41 years$20,971$13,036$7,815$4,554$2,599$1,000
42 years$20,243$12,415$7,331$4,203$2,358$882
43 years$19,551$11,829$6,879$3,880$2,140$778
44 years$18,891$11,275$6,457$3,582$1,943$686
45 years$18,263$10,752$6,063$3,309$1,764$606
46 years$17,664$10,257$5,695$3,056$1,601$534
47 years$17,093$9,788$5,350$2,823$1,454$471
48 years$16,546$9,344$5,028$2,609$1,320$416
49 years$16,024$8,923$4,726$2,411$1,199$367
50 years$15,524$8,524$4,443$2,229$1,089$324

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 $2,747 every year, while hoping to spend $28,485 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: 27/43/30 Blend
64$15,900,000$15,900,000$15,900,000$15,900,000
65$17,524,634$16,681,934$16,435,484$17,834,655
66$19,281,838$17,469,040$16,955,764$18,875,791
67$21,217,323$18,293,761$17,492,520$19,990,159
68$23,349,243$19,157,908$18,046,272$21,186,030
69$25,697,603$20,063,382$18,617,559$22,470,380
70$28,284,447$21,012,177$19,206,937$23,850,841
71$31,134,069$22,006,382$19,814,977$25,335,760
72$34,273,238$23,048,188$20,442,273$26,934,274
73$37,731,452$24,139,893$21,089,432$28,656,385
74$41,541,217$25,283,905$21,757,086$30,513,048
75$45,738,355$26,482,751$22,445,882$32,516,260
76$50,362,339$27,739,077$23,156,491$34,679,170
77$55,456,668$29,055,662$23,889,603$37,016,186
78$61,069,275$30,435,416$24,645,932$39,543,106
79$67,252,983$31,881,394$25,426,212$42,277,251
80$74,066,000$33,396,795$26,231,204$45,237,619
81$81,572,472$34,984,977$27,061,688$48,445,054
82$89,843,083$36,649,460$27,918,474$51,922,426
83$98,955,728$38,393,935$28,802,394$55,694,834
84$108,996,246$40,222,271$29,714,308$59,789,831
85$120,059,228$42,138,528$30,655,102$64,237,668
86$132,248,914$44,146,960$31,625,692$69,071,563
87$145,680,172$46,252,030$32,627,022$74,327,999
88$160,479,587$48,458,417$33,660,065$80,047,055
89$176,786,654$50,771,028$34,725,826$86,272,759
90$194,755,093$53,195,009$35,825,341$93,053,493
91$214,554,304$55,735,756$36,959,681$100,442,424
92$236,370,961$58,398,926$38,129,949$108,497,992
93$260,410,778$61,190,453$39,337,282$117,284,432
94$286,900,452$64,116,559$40,582,855$126,872,368
95$316,089,797$67,183,769$41,867,879$137,339,447
96$348,254,108$70,398,926$43,193,605$148,771,056
97$383,696,759$73,769,205$44,561,323$161,261,097
98$422,752,063$77,302,131$45,972,361$174,912,848
99$465,788,432$81,005,594$47,428,094$189,839,911
100$513,211,854$84,887,870$48,929,938$206,167,257