Can I retire at age 67 with 15,500,000?

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 $15,500,000?

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$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,219,031
2 years$633,651$621,850$610,413$599,324$588,568$571,510
3 years$418,238$406,386$394,978$383,993$373,411$356,787
4 years$310,552$298,737$287,443$276,645$266,320$250,258
5 years$245,958$234,213$223,067$212,490$202,452$186,998
6 years$202,909$191,253$180,271$169,930$160,194$145,365
7 years$172,172$160,614$149,806$139,709$130,280$116,084
8 years$149,130$137,676$127,048$117,198$108,080$94,513
9 years$131,217$119,871$109,426$99,827$91,019$78,076
10 years$116,896$105,661$95,400$86,052$77,553$65,224
11 years$105,186$94,064$83,989$74,891$66,698$54,971
12 years$95,434$84,426$74,538$65,689$57,799$46,661
13 years$87,190$76,297$66,595$57,994$50,402$39,838
14 years$80,129$69,352$59,836$51,480$44,182$34,176
15 years$74,015$63,354$54,024$45,911$38,901$29,435
16 years$68,671$58,126$48,980$41,109$34,381$25,438
17 years$63,960$53,532$44,570$36,936$30,485$22,046
18 years$59,778$49,466$40,687$33,287$27,106$19,152
19 years$56,040$45,845$37,247$30,077$24,160$16,673
20 years$52,680$42,601$34,183$27,241$21,580$14,540
21 years$49,644$39,681$31,442$24,723$19,312$12,700
22 years$46,887$37,041$28,979$22,479$17,310$11,107
23 years$44,374$34,644$26,757$20,472$15,539$9,725
24 years$42,074$32,459$24,745$18,671$13,966$8,523
25 years$39,961$30,461$22,919$17,052$12,568$7,476
26 years$38,014$28,628$21,256$15,591$11,320$6,563
27 years$36,214$26,943$19,738$14,271$10,206$5,765
28 years$34,546$25,388$18,349$13,075$9,209$5,068
29 years$32,996$23,951$17,076$11,990$8,316$4,456
30 years$31,551$22,619$15,905$11,004$7,514$3,921
31 years$30,203$21,382$14,828$10,106$6,793$3,451
32 years$28,941$20,232$13,835$9,288$6,145$3,038
33 years$27,758$19,160$12,918$8,541$5,561$2,675
34 years$26,647$18,159$12,070$7,859$5,035$2,357
35 years$25,602$17,224$11,284$7,234$4,560$2,077
36 years$24,618$16,348$10,556$6,663$4,132$1,830
37 years$23,688$15,527$9,880$6,139$3,745$1,613
38 years$22,810$14,756$9,252$5,658$3,395$1,422
39 years$21,979$14,031$8,669$5,217$3,079$1,254
40 years$21,191$13,350$8,125$4,812$2,793$1,106
41 years$20,444$12,708$7,619$4,440$2,534$975
42 years$19,734$12,102$7,147$4,097$2,299$860
43 years$19,059$11,531$6,706$3,782$2,086$759
44 years$18,416$10,992$6,295$3,492$1,894$669
45 years$17,804$10,482$5,911$3,225$1,719$590
46 years$17,220$9,999$5,551$2,979$1,561$521
47 years$16,663$9,542$5,216$2,752$1,417$460
48 years$16,130$9,109$4,901$2,543$1,287$405
49 years$15,621$8,699$4,607$2,351$1,169$358
50 years$15,133$8,309$4,331$2,173$1,062$316

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $15,500,000, adding $4,622 every year, while hoping to spend $27,471 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: 70/15/15 Blend
66$15,500,000$15,500,000$15,500,000$15,500,000
67$17,085,768$16,264,268$16,024,018$18,222,868
68$18,799,287$17,031,988$16,531,593$19,747,012
69$20,686,665$17,836,406$17,055,252$21,410,768
70$22,765,605$18,679,290$17,595,504$23,230,922
71$25,055,618$19,562,496$18,152,874$25,222,899
72$27,578,201$20,487,969$18,727,906$27,403,672
73$30,357,046$21,457,748$19,321,159$29,791,924
74$33,418,258$22,473,971$19,933,211$32,408,219
75$36,790,604$23,538,879$20,564,657$35,275,193
76$40,505,786$24,654,824$21,216,113$38,417,766
77$44,598,736$25,824,271$21,888,213$41,863,371
78$49,107,950$27,049,803$22,581,611$45,642,212
79$54,075,848$28,334,131$23,296,983$49,787,544
80$59,549,177$29,680,096$24,035,024$54,335,981
81$65,579,450$31,090,677$24,796,454$59,327,841
82$72,223,433$32,568,999$25,582,014$64,807,520
83$79,543,680$34,118,337$26,392,469$70,823,907
84$87,609,127$35,742,127$27,228,608$77,430,841
85$96,495,736$37,443,970$28,091,245$84,687,614
86$106,287,221$39,227,643$28,981,221$92,659,525
87$117,075,827$41,097,108$29,899,401$101,418,492
88$128,963,212$43,056,516$30,846,682$111,043,724
89$142,061,397$45,110,224$31,823,984$121,622,465
90$156,493,832$47,262,797$32,832,259$133,250,809
91$172,396,554$49,519,025$33,872,491$146,034,600
92$189,919,474$51,883,929$34,945,691$160,090,429
93$209,227,794$54,362,775$36,052,905$175,546,722
94$230,503,564$56,961,085$37,195,212$192,544,948
95$253,947,399$59,684,651$38,373,724$211,240,947
96$279,780,379$62,539,544$39,589,589$231,806,393
97$308,246,129$65,532,132$40,843,991$254,430,404
98$339,613,122$68,669,095$42,138,152$279,321,320
99$374,177,213$71,957,434$43,473,334$306,708,662
100$412,264,434$75,404,493$44,850,836$336,845,288