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%15%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,171,492
2 years$613,211$601,790$590,722$579,991$569,581$544,880
3 years$404,746$393,277$382,236$371,606$361,366$337,363
4 years$300,535$289,100$278,170$267,721$257,729$234,609
5 years$238,024$226,658$215,871$205,635$195,922$173,750
6 years$196,364$185,083$174,456$164,448$155,026$133,828
7 years$166,618$155,433$144,974$135,202$126,078$105,856
8 years$144,319$133,234$122,949$113,418$104,594$85,343
9 years$126,984$116,005$105,896$96,607$88,083$69,790
10 years$113,125$102,252$92,323$83,276$75,051$57,698
11 years$101,793$91,029$81,280$72,475$64,546$48,112
12 years$92,356$81,703$72,133$63,570$55,935$40,394
13 years$84,377$73,836$64,446$56,123$48,776$34,103
14 years$77,544$67,114$57,905$49,820$42,757$28,922
15 years$71,628$61,310$52,281$44,430$37,646$24,621
16 years$66,456$56,251$47,400$39,783$33,272$21,026
17 years$61,897$51,805$43,132$35,744$29,501$18,002
18 years$57,849$47,870$39,374$32,213$26,231$15,448
19 years$54,232$44,366$36,045$29,107$23,380$13,280
20 years$50,980$41,227$33,081$26,362$20,884$11,435
21 years$48,042$38,401$30,428$23,925$18,689$9,860
22 years$45,375$35,846$28,044$21,754$16,752$8,512
23 years$42,943$33,526$25,894$19,811$15,037$7,355
24 years$40,717$31,412$23,947$18,069$13,516$6,361
25 years$38,672$29,478$22,180$16,502$12,162$5,505
26 years$36,788$27,705$20,571$15,088$10,955$4,768
27 years$35,046$26,074$19,102$13,811$9,877$4,131
28 years$33,432$24,569$17,757$12,654$8,912$3,581
29 years$31,931$23,178$16,525$11,604$8,048$3,106
30 years$30,534$21,889$15,392$10,649$7,272$2,695
31 years$29,228$20,693$14,350$9,780$6,574$2,339
32 years$28,007$19,579$13,389$8,989$5,947$2,030
33 years$26,863$18,542$12,501$8,266$5,382$1,763
34 years$25,788$17,574$11,680$7,605$4,873$1,531
35 years$24,776$16,668$10,920$7,001$4,413$1,329
36 years$23,823$15,821$10,216$6,448$3,999$1,155
37 years$22,924$15,026$9,562$5,941$3,624$1,003
38 years$22,074$14,280$8,954$5,476$3,286$872
39 years$21,270$13,579$8,389$5,049$2,980$758
40 years$20,507$12,919$7,863$4,657$2,703$658
41 years$19,784$12,298$7,373$4,297$2,452$572
42 years$19,097$11,712$6,916$3,965$2,225$497
43 years$18,444$11,159$6,490$3,660$2,019$432
44 years$17,822$10,637$6,092$3,380$1,833$376
45 years$17,230$10,143$5,720$3,121$1,664$327
46 years$16,665$9,676$5,372$2,883$1,511$284
47 years$16,125$9,234$5,047$2,664$1,372$247
48 years$15,610$8,815$4,743$2,461$1,246$215
49 years$15,117$8,418$4,458$2,275$1,131$187
50 years$14,645$8,041$4,191$2,103$1,028$162

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 $2,199 every year, while hoping to spend $45,453 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: 77/18/5 Blend
67$15,000,000$15,000,000$15,000,000$15,000,000
68$16,532,268$15,737,268$15,504,768$17,800,809
69$18,170,198$16,460,033$15,975,816$19,355,979
70$19,973,673$17,216,689$16,461,121$21,054,386
71$21,959,531$18,008,851$16,961,112$22,915,019
72$24,146,326$18,838,207$17,476,232$24,953,964
73$26,554,502$19,706,530$18,006,937$27,188,928
74$29,206,588$20,615,676$18,553,695$29,639,400
75$32,127,407$21,567,592$19,116,991$32,326,840
76$35,344,315$22,564,316$19,697,323$35,274,868
77$38,887,454$23,607,987$20,295,203$38,509,494
78$42,790,042$24,700,845$20,911,159$42,059,352
79$47,088,680$25,845,240$21,545,736$45,955,974
80$51,823,701$27,043,633$22,199,494$50,234,077
81$57,039,551$28,298,604$22,873,011$54,931,893
82$62,785,209$29,612,858$23,566,880$60,091,523
83$69,114,643$30,989,232$24,281,713$65,759,330
84$76,087,328$32,430,695$25,018,142$71,986,374
85$83,768,801$33,940,365$25,776,815$78,828,887
86$92,231,282$35,521,506$26,558,402$86,348,803
87$101,554,355$37,177,542$27,363,591$94,614,335
88$111,825,719$38,912,062$28,193,091$103,700,612
89$123,142,017$40,728,827$29,047,633$113,690,387
90$135,609,744$42,631,781$29,927,970$124,674,811
91$149,346,257$44,625,057$30,834,877$136,754,287
92$164,480,880$46,712,991$31,769,151$150,039,411
93$181,156,127$48,900,124$32,731,614$164,652,011
94$199,529,041$51,191,219$33,723,112$180,726,290
95$219,772,685$53,591,271$34,744,519$198,410,085
96$242,077,769$56,105,513$35,796,730$217,866,257
97$266,654,452$58,739,434$36,880,671$239,274,219
98$293,734,326$61,498,786$37,997,293$262,831,621
99$323,572,603$64,389,602$39,147,578$288,756,210
100$356,450,521$67,418,205$40,332,534$317,287,876