Can I retire at age 74 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%14.6%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,173,411
2 years$613,211$601,790$590,722$579,991$569,581$546,790
3 years$404,746$393,277$382,236$371,606$361,366$339,203
4 years$300,535$289,100$278,170$267,721$257,729$236,366
5 years$238,024$226,658$215,871$205,635$195,922$175,419
6 years$196,364$185,083$174,456$164,448$155,026$135,407
7 years$166,618$155,433$144,974$135,202$126,078$107,347
8 years$144,319$133,234$122,949$113,418$104,594$86,746
9 years$126,984$116,005$105,896$96,607$88,083$71,108
10 years$113,125$102,252$92,323$83,276$75,051$58,932
11 years$101,793$91,029$81,280$72,475$64,546$49,265
12 years$92,356$81,703$72,133$63,570$55,935$41,470
13 years$84,377$73,836$64,446$56,123$48,776$35,104
14 years$77,544$67,114$57,905$49,820$42,757$29,852
15 years$71,628$61,310$52,281$44,430$37,646$25,483
16 years$66,456$56,251$47,400$39,783$33,272$21,823
17 years$61,897$51,805$43,132$35,744$29,501$18,739
18 years$57,849$47,870$39,374$32,213$26,231$16,127
19 years$54,232$44,366$36,045$29,107$23,380$13,906
20 years$50,980$41,227$33,081$26,362$20,884$12,010
21 years$48,042$38,401$30,428$23,925$18,689$10,387
22 years$45,375$35,846$28,044$21,754$16,752$8,994
23 years$42,943$33,526$25,894$19,811$15,037$7,796
24 years$40,717$31,412$23,947$18,069$13,516$6,764
25 years$38,672$29,478$22,180$16,502$12,162$5,873
26 years$36,788$27,705$20,571$15,088$10,955$5,102
27 years$35,046$26,074$19,102$13,811$9,877$4,435
28 years$33,432$24,569$17,757$12,654$8,912$3,857
29 years$31,931$23,178$16,525$11,604$8,048$3,356
30 years$30,534$21,889$15,392$10,649$7,272$2,922
31 years$29,228$20,693$14,350$9,780$6,574$2,544
32 years$28,007$19,579$13,389$8,989$5,947$2,216
33 years$26,863$18,542$12,501$8,266$5,382$1,930
34 years$25,788$17,574$11,680$7,605$4,873$1,682
35 years$24,776$16,668$10,920$7,001$4,413$1,466
36 years$23,823$15,821$10,216$6,448$3,999$1,278
37 years$22,924$15,026$9,562$5,941$3,624$1,114
38 years$22,074$14,280$8,954$5,476$3,286$971
39 years$21,270$13,579$8,389$5,049$2,980$847
40 years$20,507$12,919$7,863$4,657$2,703$738
41 years$19,784$12,298$7,373$4,297$2,452$644
42 years$19,097$11,712$6,916$3,965$2,225$562
43 years$18,444$11,159$6,490$3,660$2,019$490
44 years$17,822$10,637$6,092$3,380$1,833$427
45 years$17,230$10,143$5,720$3,121$1,664$373
46 years$16,665$9,676$5,372$2,883$1,511$325
47 years$16,125$9,234$5,047$2,664$1,372$284
48 years$15,610$8,815$4,743$2,461$1,246$247
49 years$15,117$8,418$4,458$2,275$1,131$216
50 years$14,645$8,041$4,191$2,103$1,028$188

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $15,000,000, adding $2,579 every year, while hoping to spend $46,441 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: 47/27/26 Blend
73$15,000,000$15,000,000$15,000,000$15,000,000
74$16,532,660$15,737,660$15,505,160$17,186,509
75$18,169,579$16,459,393$15,975,170$18,368,686
76$19,971,906$17,214,934$16,459,369$19,646,394
77$21,956,466$18,005,890$16,958,183$21,032,448
78$24,141,794$18,833,948$17,472,051$22,537,045
79$26,548,318$19,700,872$18,001,426$24,171,386
80$29,198,545$20,608,514$18,546,772$25,947,779
81$32,117,278$21,558,812$19,108,570$27,879,748
82$35,331,846$22,553,800$19,687,313$29,982,157
83$38,872,367$23,595,608$20,283,510$32,271,345
84$42,772,026$24,686,470$20,897,685$34,765,274
85$47,067,392$25,828,727$21,530,378$37,483,692
86$51,798,764$27,024,832$22,182,143$40,448,315
87$57,010,546$28,277,357$22,853,552$43,683,026
88$62,751,671$29,588,997$23,545,196$47,214,089
89$69,076,062$30,962,578$24,257,680$51,070,398
90$76,043,137$32,401,062$24,991,630$55,283,735
91$83,718,376$33,907,553$25,747,689$59,889,065
92$92,173,933$35,485,305$26,526,519$64,924,861
93$101,489,319$37,137,731$27,328,802$70,433,454
94$111,752,155$38,868,405$28,155,242$76,461,429
95$123,058,994$40,681,076$29,006,562$83,060,050
96$135,516,236$42,579,673$29,883,507$90,285,740
97$149,241,132$44,568,317$30,786,844$98,200,601
98$164,362,888$46,651,325$31,717,363$106,872,988
99$181,023,886$48,833,223$32,675,879$116,378,149
100$199,381,029$51,118,758$33,663,228$126,798,920