Can I retire at age 68 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%12%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,186,099
2 years$613,211$601,790$590,722$579,991$569,581$559,481
3 years$404,746$393,277$382,236$371,606$361,366$351,499
4 years$300,535$289,100$278,170$267,721$257,729$248,173
5 years$238,024$226,658$215,871$205,635$195,922$186,704
6 years$196,364$185,083$174,456$164,448$155,026$146,158
7 years$166,618$155,433$144,974$135,202$126,078$117,563
8 years$144,319$133,234$122,949$113,418$104,594$96,433
9 years$126,984$116,005$105,896$96,607$88,083$80,274
10 years$113,125$102,252$92,323$83,276$75,051$67,589
11 years$101,793$91,029$81,280$72,475$64,546$57,425
12 years$92,356$81,703$72,133$63,570$55,935$49,148
13 years$84,377$73,836$64,446$56,123$48,776$42,317
14 years$77,544$67,114$57,905$49,820$42,757$36,616
15 years$71,628$61,310$52,281$44,430$37,646$31,816
16 years$66,456$56,251$47,400$39,783$33,272$27,743
17 years$61,897$51,805$43,132$35,744$29,501$24,264
18 years$57,849$47,870$39,374$32,213$26,231$21,275
19 years$54,232$44,366$36,045$29,107$23,380$18,696
20 years$50,980$41,227$33,081$26,362$20,884$16,462
21 years$48,042$38,401$30,428$23,925$18,689$14,518
22 years$45,375$35,846$28,044$21,754$16,752$12,822
23 years$42,943$33,526$25,894$19,811$15,037$11,339
24 years$40,717$31,412$23,947$18,069$13,516$10,038
25 years$38,672$29,478$22,180$16,502$12,162$8,896
26 years$36,788$27,705$20,571$15,088$10,955$7,890
27 years$35,046$26,074$19,102$13,811$9,877$7,003
28 years$33,432$24,569$17,757$12,654$8,912$6,220
29 years$31,931$23,178$16,525$11,604$8,048$5,527
30 years$30,534$21,889$15,392$10,649$7,272$4,915
31 years$29,228$20,693$14,350$9,780$6,574$4,372
32 years$28,007$19,579$13,389$8,989$5,947$3,891
33 years$26,863$18,542$12,501$8,266$5,382$3,464
34 years$25,788$17,574$11,680$7,605$4,873$3,085
35 years$24,776$16,668$10,920$7,001$4,413$2,748
36 years$23,823$15,821$10,216$6,448$3,999$2,448
37 years$22,924$15,026$9,562$5,941$3,624$2,182
38 years$22,074$14,280$8,954$5,476$3,286$1,945
39 years$21,270$13,579$8,389$5,049$2,980$1,734
40 years$20,507$12,919$7,863$4,657$2,703$1,546
41 years$19,784$12,298$7,373$4,297$2,452$1,379
42 years$19,097$11,712$6,916$3,965$2,225$1,230
43 years$18,444$11,159$6,490$3,660$2,019$1,097
44 years$17,822$10,637$6,092$3,380$1,833$979
45 years$17,230$10,143$5,720$3,121$1,664$873
46 years$16,665$9,676$5,372$2,883$1,511$779
47 years$16,125$9,234$5,047$2,664$1,372$695
48 years$15,610$8,815$4,743$2,461$1,246$620
49 years$15,117$8,418$4,458$2,275$1,131$554
50 years$14,645$8,041$4,191$2,103$1,028$494

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $15,000,000, adding $2,401 every year, while hoping to spend $36,651 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: 78/7/15 Blend
67$15,000,000$15,000,000$15,000,000$15,000,000
68$16,532,477$15,737,477$15,504,977$17,769,700
69$18,179,793$16,469,617$15,985,397$19,317,555
70$19,993,907$17,236,403$16,480,683$21,010,090
71$21,991,794$18,039,495$16,991,294$22,865,634
72$24,192,158$18,880,631$17,517,704$24,900,465
73$26,615,611$19,761,635$18,060,400$27,132,510
74$29,284,866$20,684,418$18,619,885$29,581,512
75$32,224,950$21,650,982$19,196,679$32,269,209
76$35,463,443$22,663,429$19,791,317$35,219,546
77$39,030,736$23,723,959$20,404,348$38,458,893
78$42,960,319$24,834,880$21,036,341$42,016,293
79$47,289,095$25,998,614$21,687,882$45,923,737
80$52,057,732$27,217,694$22,359,575$50,216,460
81$57,311,042$28,494,782$23,052,042$54,933,274
82$63,098,407$29,832,666$23,765,924$60,116,928
83$69,474,245$31,234,267$24,501,883$65,814,517
84$76,498,522$32,702,650$25,260,600$72,077,915
85$84,237,319$34,241,028$26,042,779$78,964,268
86$92,763,456$35,852,769$26,849,142$86,536,528
87$102,157,178$37,541,404$27,680,438$94,864,047
88$112,506,913$39,310,635$28,537,435$104,023,225
89$123,910,106$41,164,344$29,420,927$114,098,230
90$136,474,141$43,106,601$30,331,732$125,181,790
91$150,317,351$45,141,672$31,270,693$137,376,065
92$165,570,138$47,274,032$32,238,679$150,793,606
93$182,376,203$49,508,370$33,236,586$165,558,416
94$200,893,901$51,849,606$34,265,336$181,807,115
95$221,297,737$54,302,894$35,325,883$199,690,227
96$243,780,012$56,873,642$36,419,206$219,373,596
97$268,552,642$59,567,519$37,546,318$241,039,949
98$295,849,153$62,390,469$38,708,261$264,890,615
99$325,926,888$65,348,724$39,906,110$291,147,420
100$359,069,438$68,448,818$41,140,971$320,054,779