Can I retire at age 67 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,163,431
2 years$613,211$601,790$590,722$579,991$569,581$536,886
3 years$404,746$393,277$382,236$371,606$361,366$329,688
4 years$300,535$289,100$278,170$267,721$257,729$227,312
5 years$238,024$226,658$215,871$205,635$195,922$166,849
6 years$196,364$185,083$174,456$164,448$155,026$127,326
7 years$166,618$155,433$144,974$135,202$126,078$99,751
8 years$144,319$133,234$122,949$113,418$104,594$79,626
9 years$126,984$116,005$105,896$96,607$88,083$64,452
10 years$113,125$102,252$92,323$83,276$75,051$52,726
11 years$101,793$91,029$81,280$72,475$64,546$43,491
12 years$92,356$81,703$72,133$63,570$55,935$36,111
13 years$84,377$73,836$64,446$56,123$48,776$30,142
14 years$77,544$67,114$57,905$49,820$42,757$25,267
15 years$71,628$61,310$52,281$44,430$37,646$21,256
16 years$66,456$56,251$47,400$39,783$33,272$17,934
17 years$61,897$51,805$43,132$35,744$29,501$15,167
18 years$57,849$47,870$39,374$32,213$26,231$12,853
19 years$54,232$44,366$36,045$29,107$23,380$10,910
20 years$50,980$41,227$33,081$26,362$20,884$9,275
21 years$48,042$38,401$30,428$23,925$18,689$7,893
22 years$45,375$35,846$28,044$21,754$16,752$6,725
23 years$42,943$33,526$25,894$19,811$15,037$5,734
24 years$40,717$31,412$23,947$18,069$13,516$4,893
25 years$38,672$29,478$22,180$16,502$12,162$4,178
26 years$36,788$27,705$20,571$15,088$10,955$3,569
27 years$35,046$26,074$19,102$13,811$9,877$3,050
28 years$33,432$24,569$17,757$12,654$8,912$2,608
29 years$31,931$23,178$16,525$11,604$8,048$2,230
30 years$30,534$21,889$15,392$10,649$7,272$1,908
31 years$29,228$20,693$14,350$9,780$6,574$1,633
32 years$28,007$19,579$13,389$8,989$5,947$1,397
33 years$26,863$18,542$12,501$8,266$5,382$1,196
34 years$25,788$17,574$11,680$7,605$4,873$1,024
35 years$24,776$16,668$10,920$7,001$4,413$877
36 years$23,823$15,821$10,216$6,448$3,999$751
37 years$22,924$15,026$9,562$5,941$3,624$643
38 years$22,074$14,280$8,954$5,476$3,286$551
39 years$21,270$13,579$8,389$5,049$2,980$472
40 years$20,507$12,919$7,863$4,657$2,703$404
41 years$19,784$12,298$7,373$4,297$2,452$346
42 years$19,097$11,712$6,916$3,965$2,225$297
43 years$18,444$11,159$6,490$3,660$2,019$254
44 years$17,822$10,637$6,092$3,380$1,833$218
45 years$17,230$10,143$5,720$3,121$1,664$187
46 years$16,665$9,676$5,372$2,883$1,511$160
47 years$16,125$9,234$5,047$2,664$1,372$137
48 years$15,610$8,815$4,743$2,461$1,246$117
49 years$15,117$8,418$4,458$2,275$1,131$101
50 years$14,645$8,041$4,191$2,103$1,028$86

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 $2,040 every year, while hoping to spend $50,761 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: 58/23/19 Blend
66$15,000,000$15,000,000$15,000,000$15,000,000
67$16,532,104$15,737,104$15,504,604$17,407,951
68$18,164,370$16,454,213$15,969,999$18,719,943
69$19,961,425$17,204,759$16,449,284$20,143,878
70$21,940,025$17,990,327$16,942,869$21,695,112
71$24,118,631$18,812,577$17,451,180$23,385,928
72$26,517,589$19,673,250$17,974,651$25,229,835
73$29,159,314$20,574,171$18,513,733$27,241,690
74$32,068,509$21,517,250$19,068,888$29,437,833
75$35,272,392$22,504,490$19,640,591$31,836,238
76$38,800,957$23,537,992$20,229,332$34,456,679
77$42,687,256$24,619,954$20,835,616$37,320,912
78$46,967,708$25,752,684$21,459,961$40,452,871
79$51,682,446$26,938,598$22,102,902$43,878,898
80$56,875,695$28,180,228$22,764,988$47,627,977
81$62,596,187$29,480,230$23,446,786$51,732,009
82$68,897,622$30,841,386$24,148,878$56,226,103
83$75,839,178$32,266,612$24,871,863$61,148,902
84$83,486,063$33,758,965$25,616,360$66,542,947
85$91,910,137$35,321,649$26,383,003$72,455,063
86$101,190,583$36,958,023$27,172,446$78,936,801
87$111,414,662$38,671,605$27,985,362$86,044,916
88$122,678,530$40,466,086$28,822,444$93,841,893
89$135,088,149$42,345,333$29,684,405$102,396,533
90$148,760,285$44,313,400$30,571,978$111,784,590
91$163,823,614$46,374,537$31,485,919$122,089,483
92$180,419,931$48,533,197$32,427,005$133,403,067
93$198,705,491$50,794,050$33,396,037$145,826,501
94$218,852,483$53,161,991$34,393,836$159,471,182
95$241,050,659$55,642,151$35,421,252$174,459,797
96$265,509,117$58,239,908$36,479,156$190,927,463
97$292,458,284$60,960,900$37,568,444$209,022,997
98$322,152,085$63,811,039$38,690,043$228,910,303
99$354,870,339$66,796,522$39,844,900$250,769,914
100$390,921,405$69,923,843$41,033,996$274,800,681