Can I retire at age 71 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%19.9%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,148,664
2 years$613,211$601,790$590,722$579,991$569,581$522,357
3 years$404,746$393,277$382,236$371,606$361,366$315,862
4 years$300,535$289,100$278,170$267,721$257,729$214,292
5 years$238,024$226,658$215,871$205,635$195,922$154,661
6 years$196,364$185,083$174,456$164,448$155,026$115,969
7 years$166,618$155,433$144,974$135,202$126,078$89,209
8 years$144,319$133,234$122,949$113,418$104,594$69,877
9 years$126,984$116,005$105,896$96,607$88,083$55,465
10 years$113,125$102,252$92,323$83,276$75,051$44,469
11 years$101,793$91,029$81,280$72,475$64,546$35,928
12 years$92,356$81,703$72,133$63,570$55,935$29,203
13 years$84,377$73,836$64,446$56,123$48,776$23,851
14 years$77,544$67,114$57,905$49,820$42,757$19,553
15 years$71,628$61,310$52,281$44,430$37,646$16,080
16 years$66,456$56,251$47,400$39,783$33,272$13,256
17 years$61,897$51,805$43,132$35,744$29,501$10,951
18 years$57,849$47,870$39,374$32,213$26,231$9,061
19 years$54,232$44,366$36,045$29,107$23,380$7,508
20 years$50,980$41,227$33,081$26,362$20,884$6,228
21 years$48,042$38,401$30,428$23,925$18,689$5,171
22 years$45,375$35,846$28,044$21,754$16,752$4,296
23 years$42,943$33,526$25,894$19,811$15,037$3,572
24 years$40,717$31,412$23,947$18,069$13,516$2,972
25 years$38,672$29,478$22,180$16,502$12,162$2,473
26 years$36,788$27,705$20,571$15,088$10,955$2,059
27 years$35,046$26,074$19,102$13,811$9,877$1,715
28 years$33,432$24,569$17,757$12,654$8,912$1,428
29 years$31,931$23,178$16,525$11,604$8,048$1,190
30 years$30,534$21,889$15,392$10,649$7,272$992
31 years$29,228$20,693$14,350$9,780$6,574$826
32 years$28,007$19,579$13,389$8,989$5,947$689
33 years$26,863$18,542$12,501$8,266$5,382$574
34 years$25,788$17,574$11,680$7,605$4,873$479
35 years$24,776$16,668$10,920$7,001$4,413$399
36 years$23,823$15,821$10,216$6,448$3,999$333
37 years$22,924$15,026$9,562$5,941$3,624$278
38 years$22,074$14,280$8,954$5,476$3,286$231
39 years$21,270$13,579$8,389$5,049$2,980$193
40 years$20,507$12,919$7,863$4,657$2,703$161
41 years$19,784$12,298$7,373$4,297$2,452$134
42 years$19,097$11,712$6,916$3,965$2,225$112
43 years$18,444$11,159$6,490$3,660$2,019$93
44 years$17,822$10,637$6,092$3,380$1,833$78
45 years$17,230$10,143$5,720$3,121$1,664$65
46 years$16,665$9,676$5,372$2,883$1,511$54
47 years$16,125$9,234$5,047$2,664$1,372$45
48 years$15,610$8,815$4,743$2,461$1,246$38
49 years$15,117$8,418$4,458$2,275$1,131$31
50 years$14,645$8,041$4,191$2,103$1,028$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $15,000,000, adding $3,392 every year, while hoping to spend $31,688 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: 59/25/16 Blend
70$15,000,000$15,000,000$15,000,000$15,000,000
71$16,533,499$15,738,499$15,505,999$17,440,971
72$18,186,200$16,475,970$15,991,734$18,792,142
73$20,006,415$17,248,514$16,492,679$20,261,128
74$22,011,195$18,057,818$17,009,311$21,862,352
75$24,219,334$18,905,648$17,542,119$23,608,576
76$26,651,537$19,793,856$18,091,611$25,513,833
77$29,330,623$20,724,383$18,658,309$27,593,554
78$32,281,735$21,699,267$19,242,751$29,864,711
79$35,532,581$22,720,640$19,845,492$32,345,971
80$39,113,694$23,790,741$20,467,106$35,057,865
81$43,058,719$24,911,916$21,108,183$38,022,984
82$47,404,733$26,086,624$21,769,331$41,266,180
83$52,192,592$27,317,445$22,451,180$44,814,796
84$57,467,319$28,607,083$23,154,377$48,698,922
85$63,278,528$29,958,371$23,879,591$52,951,670
86$69,680,889$31,374,284$24,627,509$57,609,480
87$76,734,653$32,857,936$25,398,843$62,712,459
88$84,506,209$34,412,597$26,194,326$68,304,752
89$93,068,719$36,041,691$27,014,713$74,434,950
90$102,502,807$37,748,811$27,860,784$81,156,543
91$112,897,314$39,537,725$28,733,342$88,528,418
92$124,350,148$41,412,381$29,633,216$96,615,401
93$136,969,195$43,376,920$30,561,261$105,488,869
94$150,873,348$45,435,684$31,518,358$115,227,406
95$166,193,624$47,593,227$32,505,418$125,917,542
96$183,074,400$49,854,321$33,523,376$137,654,556
97$201,674,780$52,223,974$34,573,200$150,543,365
98$222,170,093$54,707,434$35,655,887$164,699,507
99$244,753,549$57,310,204$36,772,466$180,250,218
100$269,638,063$60,038,057$37,923,996$197,335,618