Can I retire at age 66 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,150,937
2 years$613,211$601,790$590,722$579,991$569,581$524,584
3 years$404,746$393,277$382,236$371,606$361,366$317,970
4 years$300,535$289,100$278,170$267,721$257,729$216,267
5 years$238,024$226,658$215,871$205,635$195,922$156,499
6 years$196,364$185,083$174,456$164,448$155,026$117,671
7 years$166,618$155,433$144,974$135,202$126,078$90,778
8 years$144,319$133,234$122,949$113,418$104,594$71,318
9 years$126,984$116,005$105,896$96,607$88,083$56,783
10 years$113,125$102,252$92,323$83,276$75,051$45,670
11 years$101,793$91,029$81,280$72,475$64,546$37,019
12 years$92,356$81,703$72,133$63,570$55,935$30,191
13 years$84,377$73,836$64,446$56,123$48,776$24,742
14 years$77,544$67,114$57,905$49,820$42,757$20,356
15 years$71,628$61,310$52,281$44,430$37,646$16,799
16 years$66,456$56,251$47,400$39,783$33,272$13,900
17 years$61,897$51,805$43,132$35,744$29,501$11,525
18 years$57,849$47,870$39,374$32,213$26,231$9,572
19 years$54,232$44,366$36,045$29,107$23,380$7,961
20 years$50,980$41,227$33,081$26,362$20,884$6,629
21 years$48,042$38,401$30,428$23,925$18,689$5,526
22 years$45,375$35,846$28,044$21,754$16,752$4,609
23 years$42,943$33,526$25,894$19,811$15,037$3,847
24 years$40,717$31,412$23,947$18,069$13,516$3,213
25 years$38,672$29,478$22,180$16,502$12,162$2,685
26 years$36,788$27,705$20,571$15,088$10,955$2,244
27 years$35,046$26,074$19,102$13,811$9,877$1,877
28 years$33,432$24,569$17,757$12,654$8,912$1,570
29 years$31,931$23,178$16,525$11,604$8,048$1,313
30 years$30,534$21,889$15,392$10,649$7,272$1,099
31 years$29,228$20,693$14,350$9,780$6,574$919
32 years$28,007$19,579$13,389$8,989$5,947$770
33 years$26,863$18,542$12,501$8,266$5,382$644
34 years$25,788$17,574$11,680$7,605$4,873$539
35 years$24,776$16,668$10,920$7,001$4,413$451
36 years$23,823$15,821$10,216$6,448$3,999$378
37 years$22,924$15,026$9,562$5,941$3,624$316
38 years$22,074$14,280$8,954$5,476$3,286$265
39 years$21,270$13,579$8,389$5,049$2,980$222
40 years$20,507$12,919$7,863$4,657$2,703$186
41 years$19,784$12,298$7,373$4,297$2,452$156
42 years$19,097$11,712$6,916$3,965$2,225$130
43 years$18,444$11,159$6,490$3,660$2,019$109
44 years$17,822$10,637$6,092$3,380$1,833$91
45 years$17,230$10,143$5,720$3,121$1,664$77
46 years$16,665$9,676$5,372$2,883$1,511$64
47 years$16,125$9,234$5,047$2,664$1,372$54
48 years$15,610$8,815$4,743$2,461$1,246$45
49 years$15,117$8,418$4,458$2,275$1,131$38
50 years$14,645$8,041$4,191$2,103$1,028$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,000,000, adding $5,160 every year, while hoping to spend $44,977 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: 45/36/19 Blend
65$15,000,000$15,000,000$15,000,000$15,000,000
66$16,535,323$15,740,323$15,507,823$17,188,863
67$18,174,070$16,463,743$15,979,479$18,371,045
68$19,978,463$17,221,104$16,465,429$19,647,382
69$21,965,348$18,014,021$16,966,104$21,030,539
70$24,153,293$18,844,186$17,481,947$22,530,450
71$26,562,753$19,713,375$18,013,416$24,158,020
72$29,216,271$20,623,448$18,560,983$25,925,222
73$32,138,688$21,576,355$19,125,133$27,845,206
74$35,357,376$22,574,138$19,706,367$29,932,417
75$38,902,496$23,618,939$20,305,199$32,202,722
76$42,807,288$24,713,004$20,922,160$34,673,555
77$47,108,375$25,858,685$21,557,796$37,364,075
78$51,846,118$27,058,448$22,212,670$40,295,339
79$57,064,990$28,314,880$22,887,363$43,490,490
80$62,813,999$29,630,690$23,582,470$46,974,975
81$69,147,152$31,008,719$24,298,608$50,776,766
82$76,123,959$32,451,944$25,036,409$54,926,625
83$83,810,001$33,963,487$25,796,526$59,458,380
84$92,277,542$35,546,619$26,579,631$64,409,236
85$101,606,219$37,204,771$27,386,416$69,820,114
86$111,883,787$38,941,538$28,217,594$75,736,031
87$123,206,948$40,760,689$29,073,900$82,206,509
88$135,682,270$42,666,175$29,956,088$89,286,036
89$149,427,183$44,662,139$30,864,938$97,034,562
90$164,571,094$46,752,923$31,801,253$105,518,059
91$181,256,609$48,943,079$32,765,857$114,809,126
92$199,640,872$51,237,379$33,759,603$124,987,661
93$219,897,057$53,640,827$34,783,366$136,141,601
94$242,215,997$56,158,667$35,838,048$148,367,739
95$266,807,986$58,796,400$36,924,580$161,772,620
96$293,904,766$61,559,788$38,043,919$176,473,529
97$323,761,711$64,454,877$39,197,049$192,599,583
98$356,660,243$67,488,003$40,384,988$210,292,932
99$392,910,482$70,665,810$41,608,780$229,710,078
100$432,854,179$73,995,263$42,869,501$251,023,338