Can I retire at age 72 with 15,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,186,595
2 years$613,211$601,790$590,722$579,991$569,581$559,979
3 years$404,746$393,277$382,236$371,606$361,366$351,984
4 years$300,535$289,100$278,170$267,721$257,729$248,641
5 years$238,024$226,658$215,871$205,635$195,922$187,153
6 years$196,364$185,083$174,456$164,448$155,026$146,589
7 years$166,618$155,433$144,974$135,202$126,078$117,975
8 years$144,319$133,234$122,949$113,418$104,594$96,826
9 years$126,984$116,005$105,896$96,607$88,083$80,648
10 years$113,125$102,252$92,323$83,276$75,051$67,945
11 years$101,793$91,029$81,280$72,475$64,546$57,763
12 years$92,356$81,703$72,133$63,570$55,935$49,469
13 years$84,377$73,836$64,446$56,123$48,776$42,620
14 years$77,544$67,114$57,905$49,820$42,757$36,903
15 years$71,628$61,310$52,281$44,430$37,646$32,087
16 years$66,456$56,251$47,400$39,783$33,272$27,998
17 years$61,897$51,805$43,132$35,744$29,501$24,504
18 years$57,849$47,870$39,374$32,213$26,231$21,501
19 years$54,232$44,366$36,045$29,107$23,380$18,908
20 years$50,980$41,227$33,081$26,362$20,884$16,660
21 years$48,042$38,401$30,428$23,925$18,689$14,704
22 years$45,375$35,846$28,044$21,754$16,752$12,996
23 years$42,943$33,526$25,894$19,811$15,037$11,502
24 years$40,717$31,412$23,947$18,069$13,516$10,190
25 years$38,672$29,478$22,180$16,502$12,162$9,037
26 years$36,788$27,705$20,571$15,088$10,955$8,022
27 years$35,046$26,074$19,102$13,811$9,877$7,126
28 years$33,432$24,569$17,757$12,654$8,912$6,334
29 years$31,931$23,178$16,525$11,604$8,048$5,633
30 years$30,534$21,889$15,392$10,649$7,272$5,013
31 years$29,228$20,693$14,350$9,780$6,574$4,463
32 years$28,007$19,579$13,389$8,989$5,947$3,975
33 years$26,863$18,542$12,501$8,266$5,382$3,542
34 years$25,788$17,574$11,680$7,605$4,873$3,157
35 years$24,776$16,668$10,920$7,001$4,413$2,814
36 years$23,823$15,821$10,216$6,448$3,999$2,510
37 years$22,924$15,026$9,562$5,941$3,624$2,239
38 years$22,074$14,280$8,954$5,476$3,286$1,997
39 years$21,270$13,579$8,389$5,049$2,980$1,782
40 years$20,507$12,919$7,863$4,657$2,703$1,590
41 years$19,784$12,298$7,373$4,297$2,452$1,420
42 years$19,097$11,712$6,916$3,965$2,225$1,267
43 years$18,444$11,159$6,490$3,660$2,019$1,131
44 years$17,822$10,637$6,092$3,380$1,833$1,010
45 years$17,230$10,143$5,720$3,121$1,664$902
46 years$16,665$9,676$5,372$2,883$1,511$806
47 years$16,125$9,234$5,047$2,664$1,372$720
48 years$15,610$8,815$4,743$2,461$1,246$643
49 years$15,117$8,418$4,458$2,275$1,131$574
50 years$14,645$8,041$4,191$2,103$1,028$513

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 $4,495 every year, while hoping to spend $36,358 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: 54/24/22 Blend
71$15,000,000$15,000,000$15,000,000$15,000,000
72$16,534,637$15,739,637$15,507,137$17,327,556
73$18,182,485$16,472,194$15,987,941$18,605,122
74$19,997,195$17,239,428$16,483,634$19,990,974
75$21,995,749$18,043,000$16,994,675$21,498,870
76$24,196,859$18,884,651$17,521,540$23,140,490
77$26,621,144$19,766,204$18,064,718$24,928,675
78$29,291,327$20,689,575$18,624,712$26,877,544
79$32,232,446$21,656,767$19,202,044$29,002,618
80$35,472,091$22,669,885$19,797,248$31,320,969
81$39,040,666$23,731,131$20,410,877$33,851,369
82$42,971,674$24,842,816$21,043,502$36,614,467
83$47,302,034$26,007,363$21,695,708$39,632,976
84$52,072,428$27,227,311$22,368,101$42,931,882
85$57,327,690$28,505,323$23,061,306$46,538,676
86$63,117,219$29,844,189$23,775,965$50,483,605
87$69,495,457$31,246,836$24,512,742$54,799,954
88$76,522,394$32,716,331$25,272,319$59,524,348
89$84,264,139$34,255,892$26,055,402$64,697,099
90$92,793,540$35,868,889$26,862,717$70,362,571
91$102,190,875$37,558,859$27,695,012$76,569,596
92$112,544,608$39,329,507$28,553,059$83,371,926
93$123,952,226$41,184,721$29,437,654$90,828,734
94$136,521,155$43,128,574$30,349,618$99,005,158
95$150,369,778$45,165,339$31,289,795$107,972,914
96$165,628,549$47,299,495$32,259,057$117,810,958
97$182,441,228$49,535,737$33,258,302$128,606,227
98$200,966,236$51,878,990$34,288,457$140,454,442
99$221,378,148$54,334,416$35,350,477$153,461,008
100$243,869,345$56,907,430$36,445,344$167,741,995