Can I retire at age 67 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%18.9%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,153,223
2 years$613,211$601,790$590,722$579,991$569,581$526,826
3 years$404,746$393,277$382,236$371,606$361,366$320,098
4 years$300,535$289,100$278,170$267,721$257,729$218,263
5 years$238,024$226,658$215,871$205,635$195,922$158,361
6 years$196,364$185,083$174,456$164,448$155,026$119,399
7 years$166,618$155,433$144,974$135,202$126,078$92,376
8 years$144,319$133,234$122,949$113,418$104,594$72,788
9 years$126,984$116,005$105,896$96,607$88,083$58,132
10 years$113,125$102,252$92,323$83,276$75,051$46,903
11 years$101,793$91,029$81,280$72,475$64,546$38,143
12 years$92,356$81,703$72,133$63,570$55,935$31,211
13 years$84,377$73,836$64,446$56,123$48,776$25,666
14 years$77,544$67,114$57,905$49,820$42,757$21,190
15 years$71,628$61,310$52,281$44,430$37,646$17,550
16 years$66,456$56,251$47,400$39,783$33,272$14,574
17 years$61,897$51,805$43,132$35,744$29,501$12,128
18 years$57,849$47,870$39,374$32,213$26,231$10,111
19 years$54,232$44,366$36,045$29,107$23,380$8,442
20 years$50,980$41,227$33,081$26,362$20,884$7,056
21 years$48,042$38,401$30,428$23,925$18,689$5,904
22 years$45,375$35,846$28,044$21,754$16,752$4,944
23 years$42,943$33,526$25,894$19,811$15,037$4,144
24 years$40,717$31,412$23,947$18,069$13,516$3,474
25 years$38,672$29,478$22,180$16,502$12,162$2,915
26 years$36,788$27,705$20,571$15,088$10,955$2,446
27 years$35,046$26,074$19,102$13,811$9,877$2,054
28 years$33,432$24,569$17,757$12,654$8,912$1,725
29 years$31,931$23,178$16,525$11,604$8,048$1,449
30 years$30,534$21,889$15,392$10,649$7,272$1,217
31 years$29,228$20,693$14,350$9,780$6,574$1,023
32 years$28,007$19,579$13,389$8,989$5,947$860
33 years$26,863$18,542$12,501$8,266$5,382$722
34 years$25,788$17,574$11,680$7,605$4,873$607
35 years$24,776$16,668$10,920$7,001$4,413$511
36 years$23,823$15,821$10,216$6,448$3,999$429
37 years$22,924$15,026$9,562$5,941$3,624$361
38 years$22,074$14,280$8,954$5,476$3,286$303
39 years$21,270$13,579$8,389$5,049$2,980$255
40 years$20,507$12,919$7,863$4,657$2,703$215
41 years$19,784$12,298$7,373$4,297$2,452$180
42 years$19,097$11,712$6,916$3,965$2,225$152
43 years$18,444$11,159$6,490$3,660$2,019$128
44 years$17,822$10,637$6,092$3,380$1,833$107
45 years$17,230$10,143$5,720$3,121$1,664$90
46 years$16,665$9,676$5,372$2,883$1,511$76
47 years$16,125$9,234$5,047$2,664$1,372$64
48 years$15,610$8,815$4,743$2,461$1,246$54
49 years$15,117$8,418$4,458$2,275$1,131$45
50 years$14,645$8,041$4,191$2,103$1,028$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $15,000,000, adding $4,447 every year, while hoping to spend $33,042 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: 59/11/30 Blend
66$15,000,000$15,000,000$15,000,000$15,000,000
67$16,534,587$15,739,587$15,507,087$17,374,274
68$18,185,959$16,475,670$15,991,418$18,686,072
69$20,004,662$17,246,714$16,490,867$20,112,465
70$22,007,732$18,054,397$17,005,905$21,667,793
71$24,213,936$18,900,478$17,537,018$23,364,613
72$26,643,958$19,786,802$18,084,708$25,216,741
73$29,320,588$20,715,302$18,649,492$27,239,378
74$32,268,941$21,688,005$19,231,904$29,449,253
75$35,516,692$22,707,036$19,832,492$31,864,775
76$39,094,338$23,774,624$20,451,823$34,506,206
77$43,035,485$24,893,105$21,090,484$37,395,846
78$47,377,164$26,064,927$21,749,075$40,558,243
79$52,160,185$27,292,659$22,428,219$44,020,418
80$57,429,516$28,578,991$23,128,557$47,812,119
81$63,234,713$29,926,747$23,850,749$51,966,096
82$69,630,381$31,338,886$24,595,477$56,518,407
83$76,676,699$32,818,510$25,363,444$61,508,753
84$84,439,978$34,368,872$26,155,375$66,980,849
85$92,993,292$35,993,383$26,972,016$72,982,833
86$102,417,167$37,695,619$27,814,139$79,567,711
87$112,800,343$39,479,329$28,682,537$86,793,860
88$124,240,606$41,348,445$29,578,030$94,725,566
89$136,845,717$43,307,088$30,501,464$103,433,631
90$150,734,426$45,359,580$31,453,708$112,996,033
91$166,037,591$47,510,454$32,435,661$123,498,654
92$182,899,419$49,764,460$33,448,250$135,036,092
93$201,478,823$52,126,581$34,492,429$147,712,538
94$221,950,921$54,602,042$35,569,184$161,642,760
95$244,508,693$57,196,320$36,679,529$176,953,176
96$269,364,799$59,915,159$37,824,513$193,783,041
97$296,753,589$62,764,582$39,005,215$212,285,756
98$326,933,314$65,750,905$40,222,747$232,630,303
99$360,188,562$68,880,750$41,478,260$255,002,836
100$396,832,949$72,161,060$42,772,935$279,608,432