Can I retire at age 75 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%18.1%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,156,906
2 years$613,211$601,790$590,722$579,991$569,581$530,448
3 years$404,746$393,277$382,236$371,606$361,366$323,541
4 years$300,535$289,100$278,170$267,721$257,729$221,503
5 years$238,024$226,658$215,871$205,635$195,922$161,391
6 years$196,364$185,083$174,456$164,448$155,026$122,220
7 years$166,618$155,433$144,974$135,202$126,078$94,991
8 years$144,319$133,234$122,949$113,418$104,594$75,204
9 years$126,984$116,005$105,896$96,607$88,083$60,356
10 years$113,125$102,252$92,323$83,276$75,051$48,944
11 years$101,793$91,029$81,280$72,475$64,546$40,010
12 years$92,356$81,703$72,133$63,570$55,935$32,914
13 years$84,377$73,836$64,446$56,123$48,776$27,214
14 years$77,544$67,114$57,905$49,820$42,757$22,593
15 years$71,628$61,310$52,281$44,430$37,646$18,819
16 years$66,456$56,251$47,400$39,783$33,272$15,719
17 years$61,897$51,805$43,132$35,744$29,501$13,158
18 years$57,849$47,870$39,374$32,213$26,231$11,035
19 years$54,232$44,366$36,045$29,107$23,380$9,269
20 years$50,980$41,227$33,081$26,362$20,884$7,796
21 years$48,042$38,401$30,428$23,925$18,689$6,563
22 years$45,375$35,846$28,044$21,754$16,752$5,531
23 years$42,943$33,526$25,894$19,811$15,037$4,664
24 years$40,717$31,412$23,947$18,069$13,516$3,936
25 years$38,672$29,478$22,180$16,502$12,162$3,323
26 years$36,788$27,705$20,571$15,088$10,955$2,807
27 years$35,046$26,074$19,102$13,811$9,877$2,372
28 years$33,432$24,569$17,757$12,654$8,912$2,005
29 years$31,931$23,178$16,525$11,604$8,048$1,695
30 years$30,534$21,889$15,392$10,649$7,272$1,434
31 years$29,228$20,693$14,350$9,780$6,574$1,213
32 years$28,007$19,579$13,389$8,989$5,947$1,026
33 years$26,863$18,542$12,501$8,266$5,382$868
34 years$25,788$17,574$11,680$7,605$4,873$735
35 years$24,776$16,668$10,920$7,001$4,413$622
36 years$23,823$15,821$10,216$6,448$3,999$526
37 years$22,924$15,026$9,562$5,941$3,624$445
38 years$22,074$14,280$8,954$5,476$3,286$377
39 years$21,270$13,579$8,389$5,049$2,980$319
40 years$20,507$12,919$7,863$4,657$2,703$270
41 years$19,784$12,298$7,373$4,297$2,452$229
42 years$19,097$11,712$6,916$3,965$2,225$194
43 years$18,444$11,159$6,490$3,660$2,019$164
44 years$17,822$10,637$6,092$3,380$1,833$139
45 years$17,230$10,143$5,720$3,121$1,664$117
46 years$16,665$9,676$5,372$2,883$1,511$99
47 years$16,125$9,234$5,047$2,664$1,372$84
48 years$15,610$8,815$4,743$2,461$1,246$71
49 years$15,117$8,418$4,458$2,275$1,131$60
50 years$14,645$8,041$4,191$2,103$1,028$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $15,000,000, adding $6,640 every year, while hoping to spend $43,321 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: 34/48/18 Blend
74$15,000,000$15,000,000$15,000,000$15,000,000
75$16,536,849$15,741,849$15,509,349$17,007,127
76$18,177,515$16,467,107$15,982,819$18,078,513
77$19,984,076$17,226,450$16,470,698$19,228,593
78$21,973,409$18,021,503$16,973,424$20,467,900
79$24,164,109$18,853,969$17,491,446$21,804,342
80$26,576,667$19,725,632$18,025,228$23,246,581
81$29,233,662$20,638,363$18,575,249$24,804,108
82$32,159,975$21,594,123$19,141,999$26,487,324
83$35,383,023$22,594,965$19,725,987$28,307,632
84$38,933,018$23,643,045$20,327,734$30,277,532
85$42,843,252$24,740,621$20,947,779$32,410,736
86$47,150,410$25,890,058$21,586,676$34,722,284
87$51,894,919$27,093,837$22,244,997$37,228,678
88$57,121,325$28,354,559$22,923,328$39,948,028
89$62,878,718$29,674,951$23,622,278$42,900,212
90$69,221,192$31,057,868$24,342,469$46,107,054
91$76,208,357$32,506,307$25,084,545$49,592,515
92$83,905,901$34,023,408$25,849,169$53,382,913
93$92,386,210$35,612,461$26,637,023$57,507,153
94$101,729,050$37,276,919$27,448,810$61,996,991
95$112,022,322$39,020,397$28,285,254$66,887,317
96$123,362,891$40,846,688$29,147,102$72,216,473
97$135,857,498$42,759,768$30,035,122$78,026,598
98$149,623,771$44,763,804$30,950,106$84,364,011
99$164,791,330$46,863,165$31,892,869$91,279,629
100$181,503,017$49,062,432$32,864,252$98,829,435