Can I retire at age 72 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%19.6%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,150,026
2 years$613,211$601,790$590,722$579,991$569,581$523,691
3 years$404,746$393,277$382,236$371,606$361,366$317,125
4 years$300,535$289,100$278,170$267,721$257,729$215,474
5 years$238,024$226,658$215,871$205,635$195,922$155,761
6 years$196,364$185,083$174,456$164,448$155,026$116,987
7 years$166,618$155,433$144,974$135,202$126,078$90,147
8 years$144,319$133,234$122,949$113,418$104,594$70,738
9 years$126,984$116,005$105,896$96,607$88,083$56,252
10 years$113,125$102,252$92,323$83,276$75,051$45,186
11 years$101,793$91,029$81,280$72,475$64,546$36,579
12 years$92,356$81,703$72,133$63,570$55,935$29,792
13 years$84,377$73,836$64,446$56,123$48,776$24,382
14 years$77,544$67,114$57,905$49,820$42,757$20,031
15 years$71,628$61,310$52,281$44,430$37,646$16,508
16 years$66,456$56,251$47,400$39,783$33,272$13,639
17 years$61,897$51,805$43,132$35,744$29,501$11,292
18 years$57,849$47,870$39,374$32,213$26,231$9,364
19 years$54,232$44,366$36,045$29,107$23,380$7,777
20 years$50,980$41,227$33,081$26,362$20,884$6,466
21 years$48,042$38,401$30,428$23,925$18,689$5,381
22 years$45,375$35,846$28,044$21,754$16,752$4,482
23 years$42,943$33,526$25,894$19,811$15,037$3,735
24 years$40,717$31,412$23,947$18,069$13,516$3,114
25 years$38,672$29,478$22,180$16,502$12,162$2,598
26 years$36,788$27,705$20,571$15,088$10,955$2,168
27 years$35,046$26,074$19,102$13,811$9,877$1,810
28 years$33,432$24,569$17,757$12,654$8,912$1,511
29 years$31,931$23,178$16,525$11,604$8,048$1,262
30 years$30,534$21,889$15,392$10,649$7,272$1,055
31 years$29,228$20,693$14,350$9,780$6,574$881
32 years$28,007$19,579$13,389$8,989$5,947$736
33 years$26,863$18,542$12,501$8,266$5,382$615
34 years$25,788$17,574$11,680$7,605$4,873$514
35 years$24,776$16,668$10,920$7,001$4,413$430
36 years$23,823$15,821$10,216$6,448$3,999$359
37 years$22,924$15,026$9,562$5,941$3,624$300
38 years$22,074$14,280$8,954$5,476$3,286$251
39 years$21,270$13,579$8,389$5,049$2,980$210
40 years$20,507$12,919$7,863$4,657$2,703$175
41 years$19,784$12,298$7,373$4,297$2,452$147
42 years$19,097$11,712$6,916$3,965$2,225$123
43 years$18,444$11,159$6,490$3,660$2,019$102
44 years$17,822$10,637$6,092$3,380$1,833$86
45 years$17,230$10,143$5,720$3,121$1,664$72
46 years$16,665$9,676$5,372$2,883$1,511$60
47 years$16,125$9,234$5,047$2,664$1,372$50
48 years$15,610$8,815$4,743$2,461$1,246$42
49 years$15,117$8,418$4,458$2,275$1,131$35
50 years$14,645$8,041$4,191$2,103$1,028$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $15,000,000, adding $2,199 every year, while hoping to spend $30,616 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: 75/7/18 Blend
71$15,000,000$15,000,000$15,000,000$15,000,000
72$16,532,268$15,737,268$15,504,768$17,703,664
73$18,185,984$16,475,819$15,991,603$19,218,254
74$20,007,354$17,249,533$16,493,720$20,873,926
75$22,013,444$18,060,100$17,011,600$22,687,912
76$24,223,064$18,909,294$17,545,737$24,675,978
77$26,656,938$19,798,972$18,096,642$26,855,486
78$29,337,907$20,731,082$18,664,840$29,245,553
79$32,291,136$21,707,667$19,250,874$31,867,231
80$35,544,358$22,730,869$19,855,305$34,743,701
81$39,128,134$23,802,933$20,478,709$37,900,495
82$43,076,140$24,926,214$21,121,682$41,365,730
83$47,425,486$26,103,178$21,784,839$45,170,373
84$52,217,067$27,336,414$22,468,812$49,348,530
85$57,495,945$28,628,636$23,174,254$53,937,768
86$63,311,780$29,982,688$23,901,840$58,979,465
87$69,719,294$31,401,553$24,652,265$64,519,196
88$76,778,791$32,888,358$25,426,245$70,607,166
89$84,556,723$34,446,382$26,224,519$77,298,676
90$93,126,318$36,079,064$27,047,850$84,654,643
91$102,568,274$37,790,010$27,897,024$92,742,175
92$112,971,515$39,582,998$28,772,852$101,635,198
93$124,434,038$41,461,993$29,676,170$111,415,151
94$137,063,830$43,431,150$30,607,842$122,171,752
95$150,979,892$45,494,829$31,568,757$134,003,842
96$166,313,363$47,657,597$32,559,832$147,020,312
97$183,208,754$49,924,247$33,582,014$161,341,129
98$201,825,315$52,299,803$34,636,279$177,098,464
99$222,338,536$54,789,533$35,723,634$194,437,935
100$244,941,808$57,398,961$36,845,117$213,519,977