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%14%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,176,306
2 years$613,211$601,790$590,722$579,991$569,581$549,675
3 years$404,746$393,277$382,236$371,606$361,366$341,989
4 years$300,535$289,100$278,170$267,721$257,729$239,031
5 years$238,024$226,658$215,871$205,635$195,922$177,956
6 years$196,364$185,083$174,456$164,448$155,026$137,813
7 years$166,618$155,433$144,974$135,202$126,078$109,623
8 years$144,319$133,234$122,949$113,418$104,594$88,893
9 years$126,984$116,005$105,896$96,607$88,083$73,129
10 years$113,125$102,252$92,323$83,276$75,051$60,831
11 years$101,793$91,029$81,280$72,475$64,546$51,045
12 years$92,356$81,703$72,133$63,570$55,935$43,134
13 years$84,377$73,836$64,446$56,123$48,776$36,658
14 years$77,544$67,114$57,905$49,820$42,757$31,300
15 years$71,628$61,310$52,281$44,430$37,646$26,830
16 years$66,456$56,251$47,400$39,783$33,272$23,074
17 years$61,897$51,805$43,132$35,744$29,501$19,898
18 years$57,849$47,870$39,374$32,213$26,231$17,199
19 years$54,232$44,366$36,045$29,107$23,380$14,896
20 years$50,980$41,227$33,081$26,362$20,884$12,923
21 years$48,042$38,401$30,428$23,925$18,689$11,228
22 years$45,375$35,846$28,044$21,754$16,752$9,767
23 years$42,943$33,526$25,894$19,811$15,037$8,506
24 years$40,717$31,412$23,947$18,069$13,516$7,414
25 years$38,672$29,478$22,180$16,502$12,162$6,468
26 years$36,788$27,705$20,571$15,088$10,955$5,646
27 years$35,046$26,074$19,102$13,811$9,877$4,932
28 years$33,432$24,569$17,757$12,654$8,912$4,311
29 years$31,931$23,178$16,525$11,604$8,048$3,769
30 years$30,534$21,889$15,392$10,649$7,272$3,297
31 years$29,228$20,693$14,350$9,780$6,574$2,885
32 years$28,007$19,579$13,389$8,989$5,947$2,525
33 years$26,863$18,542$12,501$8,266$5,382$2,211
34 years$25,788$17,574$11,680$7,605$4,873$1,936
35 years$24,776$16,668$10,920$7,001$4,413$1,696
36 years$23,823$15,821$10,216$6,448$3,999$1,486
37 years$22,924$15,026$9,562$5,941$3,624$1,302
38 years$22,074$14,280$8,954$5,476$3,286$1,141
39 years$21,270$13,579$8,389$5,049$2,980$1,000
40 years$20,507$12,919$7,863$4,657$2,703$877
41 years$19,784$12,298$7,373$4,297$2,452$768
42 years$19,097$11,712$6,916$3,965$2,225$674
43 years$18,444$11,159$6,490$3,660$2,019$591
44 years$17,822$10,637$6,092$3,380$1,833$518
45 years$17,230$10,143$5,720$3,121$1,664$454
46 years$16,665$9,676$5,372$2,883$1,511$398
47 years$16,125$9,234$5,047$2,664$1,372$349
48 years$15,610$8,815$4,743$2,461$1,246$306
49 years$15,117$8,418$4,458$2,275$1,131$269
50 years$14,645$8,041$4,191$2,103$1,028$236

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 $5,410 every year, while hoping to spend $22,043 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: 46/48/6 Blend
67$15,000,000$15,000,000$15,000,000$15,000,000
68$16,535,580$15,740,580$15,508,080$17,269,165
69$18,198,756$16,488,415$16,004,148$18,521,677
70$20,030,837$17,272,155$16,516,094$19,876,823
71$22,049,028$18,093,536$17,044,429$21,346,284
72$24,272,288$18,954,379$17,589,677$22,940,618
73$26,721,510$19,856,592$18,152,380$24,671,412
74$29,419,716$20,802,178$18,733,097$26,551,379
75$32,392,277$21,793,234$19,332,405$28,594,472
76$35,667,149$22,831,962$19,950,900$30,816,007
77$39,275,140$23,920,670$20,589,197$33,232,804
78$43,250,199$25,061,778$21,247,930$35,863,328
79$47,629,738$26,257,824$21,927,754$38,727,863
80$52,454,982$27,511,468$22,629,345$41,848,690
81$57,771,362$28,825,501$23,353,400$45,250,285
82$63,628,941$30,202,851$24,100,638$48,959,546
83$70,082,887$31,646,585$24,871,804$53,006,029
84$77,193,995$33,159,921$25,667,663$57,422,221
85$85,029,260$34,746,234$26,489,007$62,243,831
86$93,662,508$36,409,064$27,336,653$67,510,115
87$103,175,096$38,152,120$28,211,443$73,264,236
88$113,656,677$39,979,295$29,114,247$79,553,655
89$125,206,047$41,894,670$30,045,963$86,430,563
90$137,932,080$43,902,524$31,007,519$93,952,364
91$151,954,750$46,007,346$31,999,869$102,182,195
92$167,406,272$48,213,843$33,024,001$111,189,507
93$184,432,340$50,526,950$34,080,935$121,050,708
94$203,193,513$52,951,845$35,171,720$131,849,856
95$223,866,721$55,493,955$36,297,442$143,679,445
96$246,646,942$58,158,974$37,459,222$156,641,246
97$271,749,038$60,952,872$38,658,214$170,847,258
98$299,409,788$63,881,910$39,895,612$186,420,733
99$329,890,118$66,952,655$41,172,646$203,497,324
100$363,477,568$70,171,994$42,490,588$222,226,337