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%11.8%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,187,091
2 years$613,211$601,790$590,722$579,991$569,581$560,477
3 years$404,746$393,277$382,236$371,606$361,366$352,470
4 years$300,535$289,100$278,170$267,721$257,729$249,109
5 years$238,024$226,658$215,871$205,635$195,922$187,604
6 years$196,364$185,083$174,456$164,448$155,026$147,021
7 years$166,618$155,433$144,974$135,202$126,078$118,388
8 years$144,319$133,234$122,949$113,418$104,594$97,221
9 years$126,984$116,005$105,896$96,607$88,083$81,024
10 years$113,125$102,252$92,323$83,276$75,051$68,302
11 years$101,793$91,029$81,280$72,475$64,546$58,103
12 years$92,356$81,703$72,133$63,570$55,935$49,791
13 years$84,377$73,836$64,446$56,123$48,776$42,925
14 years$77,544$67,114$57,905$49,820$42,757$37,192
15 years$71,628$61,310$52,281$44,430$37,646$32,359
16 years$66,456$56,251$47,400$39,783$33,272$28,255
17 years$61,897$51,805$43,132$35,744$29,501$24,746
18 years$57,849$47,870$39,374$32,213$26,231$21,729
19 years$54,232$44,366$36,045$29,107$23,380$19,123
20 years$50,980$41,227$33,081$26,362$20,884$16,861
21 years$48,042$38,401$30,428$23,925$18,689$14,892
22 years$45,375$35,846$28,044$21,754$16,752$13,173
23 years$42,943$33,526$25,894$19,811$15,037$11,667
24 years$40,717$31,412$23,947$18,069$13,516$10,344
25 years$38,672$29,478$22,180$16,502$12,162$9,181
26 years$36,788$27,705$20,571$15,088$10,955$8,156
27 years$35,046$26,074$19,102$13,811$9,877$7,250
28 years$33,432$24,569$17,757$12,654$8,912$6,450
29 years$31,931$23,178$16,525$11,604$8,048$5,741
30 years$30,534$21,889$15,392$10,649$7,272$5,113
31 years$29,228$20,693$14,350$9,780$6,574$4,556
32 years$28,007$19,579$13,389$8,989$5,947$4,061
33 years$26,863$18,542$12,501$8,266$5,382$3,621
34 years$25,788$17,574$11,680$7,605$4,873$3,230
35 years$24,776$16,668$10,920$7,001$4,413$2,882
36 years$23,823$15,821$10,216$6,448$3,999$2,573
37 years$22,924$15,026$9,562$5,941$3,624$2,297
38 years$22,074$14,280$8,954$5,476$3,286$2,051
39 years$21,270$13,579$8,389$5,049$2,980$1,831
40 years$20,507$12,919$7,863$4,657$2,703$1,636
41 years$19,784$12,298$7,373$4,297$2,452$1,461
42 years$19,097$11,712$6,916$3,965$2,225$1,306
43 years$18,444$11,159$6,490$3,660$2,019$1,167
44 years$17,822$10,637$6,092$3,380$1,833$1,043
45 years$17,230$10,143$5,720$3,121$1,664$932
46 years$16,665$9,676$5,372$2,883$1,511$833
47 years$16,125$9,234$5,047$2,664$1,372$745
48 years$15,610$8,815$4,743$2,461$1,246$666
49 years$15,117$8,418$4,458$2,275$1,131$595
50 years$14,645$8,041$4,191$2,103$1,028$532

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 $2,233 every year, while hoping to spend $55,472 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: 54/35/11 Blend
65$15,000,000$15,000,000$15,000,000$15,000,000
66$16,532,303$15,737,303$15,504,803$17,378,483
67$18,159,577$16,449,409$15,965,192$18,665,285
68$19,950,972$17,194,550$16,439,145$20,058,910
69$21,923,173$17,974,284$16,927,058$21,574,420
70$24,094,560$18,790,247$17,429,338$23,223,401
71$26,485,387$19,644,152$17,946,403$25,018,584
72$29,117,975$20,537,793$18,478,686$26,973,957
73$32,016,915$21,473,052$19,026,628$29,104,896
74$35,209,308$22,451,899$19,590,688$31,428,304
75$38,725,015$23,476,399$20,171,333$33,962,762
76$42,596,941$24,548,717$20,769,048$36,728,702
77$46,861,346$25,671,121$21,384,328$39,748,589
78$51,558,185$26,845,988$22,017,684$43,047,132
79$56,731,486$28,075,808$22,669,643$46,651,505
80$62,429,767$29,363,192$23,340,746$50,591,600
81$68,706,490$30,710,875$24,031,547$54,900,299
82$75,620,568$32,121,724$24,742,621$59,613,779
83$83,236,923$33,598,745$25,474,555$64,771,841
84$91,627,091$35,145,086$26,227,955$70,418,284
85$100,869,907$36,764,048$27,003,444$76,601,301
86$111,052,241$38,459,090$27,801,663$83,373,931
87$122,269,821$40,233,837$28,623,271$90,794,547
88$134,628,138$42,092,090$29,468,945$98,927,394
89$148,243,437$44,037,831$30,339,383$107,843,192
90$163,243,818$46,075,235$31,235,303$117,619,783
91$179,770,444$48,208,678$32,157,443$128,342,863
92$197,978,872$50,442,746$33,106,560$140,106,770
93$218,040,523$52,782,247$34,083,435$153,015,367
94$240,144,298$55,232,219$35,088,872$167,183,008
95$264,498,363$57,797,944$36,123,696$182,735,601
96$291,332,112$60,484,959$37,188,755$199,811,783
97$320,898,333$63,299,068$38,284,924$218,564,215
98$353,475,594$66,246,353$39,413,101$239,161,003
99$389,370,874$69,333,194$40,574,209$261,787,269
100$428,922,456$72,566,273$41,769,198$286,646,883