Can I retire at age 48 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%12.8%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,182,155
2 years$613,211$601,790$590,722$579,991$569,581$555,524
3 years$404,746$393,277$382,236$371,606$361,366$347,653
4 years$300,535$289,100$278,170$267,721$257,729$244,467
5 years$238,024$226,658$215,871$205,635$195,922$183,149
6 years$196,364$185,083$174,456$164,448$155,026$142,759
7 years$166,618$155,433$144,974$135,202$126,078$114,320
8 years$144,319$133,234$122,949$113,418$104,594$93,345
9 years$126,984$116,005$105,896$96,607$88,083$77,339
10 years$113,125$102,252$92,323$83,276$75,051$64,804
11 years$101,793$91,029$81,280$72,475$64,546$54,788
12 years$92,356$81,703$72,133$63,570$55,935$46,654
13 years$84,377$73,836$64,446$56,123$48,776$39,962
14 years$77,544$67,114$57,905$49,820$42,757$34,396
15 years$71,628$61,310$52,281$44,430$37,646$29,726
16 years$66,456$56,251$47,400$39,783$33,272$25,779
17 years$61,897$51,805$43,132$35,744$29,501$22,420
18 years$57,849$47,870$39,374$32,213$26,231$19,547
19 years$54,232$44,366$36,045$29,107$23,380$17,079
20 years$50,980$41,227$33,081$26,362$20,884$14,949
21 years$48,042$38,401$30,428$23,925$18,689$13,106
22 years$45,375$35,846$28,044$21,754$16,752$11,506
23 years$42,943$33,526$25,894$19,811$15,037$10,113
24 years$40,717$31,412$23,947$18,069$13,516$8,898
25 years$38,672$29,478$22,180$16,502$12,162$7,836
26 years$36,788$27,705$20,571$15,088$10,955$6,906
27 years$35,046$26,074$19,102$13,811$9,877$6,091
28 years$33,432$24,569$17,757$12,654$8,912$5,375
29 years$31,931$23,178$16,525$11,604$8,048$4,746
30 years$30,534$21,889$15,392$10,649$7,272$4,193
31 years$29,228$20,693$14,350$9,780$6,574$3,705
32 years$28,007$19,579$13,389$8,989$5,947$3,276
33 years$26,863$18,542$12,501$8,266$5,382$2,897
34 years$25,788$17,574$11,680$7,605$4,873$2,563
35 years$24,776$16,668$10,920$7,001$4,413$2,267
36 years$23,823$15,821$10,216$6,448$3,999$2,007
37 years$22,924$15,026$9,562$5,941$3,624$1,776
38 years$22,074$14,280$8,954$5,476$3,286$1,573
39 years$21,270$13,579$8,389$5,049$2,980$1,393
40 years$20,507$12,919$7,863$4,657$2,703$1,233
41 years$19,784$12,298$7,373$4,297$2,452$1,092
42 years$19,097$11,712$6,916$3,965$2,225$968
43 years$18,444$11,159$6,490$3,660$2,019$857
44 years$17,822$10,637$6,092$3,380$1,833$759
45 years$17,230$10,143$5,720$3,121$1,664$673
46 years$16,665$9,676$5,372$2,883$1,511$596
47 years$16,125$9,234$5,047$2,664$1,372$528
48 years$15,610$8,815$4,743$2,461$1,246$468
49 years$15,117$8,418$4,458$2,275$1,131$415
50 years$14,645$8,041$4,191$2,103$1,028$368

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $15,000,000, adding $4,730 every year, while hoping to spend $27,744 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: 52/23/25 Blend
47$15,000,000$15,000,000$15,000,000$15,000,000
48$16,534,879$15,739,879$15,507,379$17,279,072
49$18,191,917$16,481,614$15,997,357$18,536,678
50$20,017,044$17,258,763$16,502,819$19,900,718
51$22,027,374$18,073,034$17,024,255$21,383,972
52$24,241,768$18,926,215$17,562,170$22,997,811
53$26,681,010$19,820,182$18,117,084$24,754,732
54$29,368,002$20,756,900$18,689,535$26,668,471
55$32,327,981$21,738,431$19,280,078$28,754,132
56$35,588,759$22,766,937$19,889,284$31,028,321
57$39,180,980$23,844,685$20,517,743$33,509,297
58$43,138,416$24,974,050$21,166,063$36,217,145
59$47,498,281$26,157,526$21,834,873$39,173,952
60$52,301,585$27,397,723$22,524,820$42,404,017
61$57,593,517$28,697,383$23,236,573$45,934,069
62$63,423,878$30,059,376$23,970,820$49,793,516
63$69,847,544$31,486,716$24,728,272$54,014,716
64$76,924,988$32,982,560$25,509,664$58,633,273
65$84,722,851$34,550,220$26,315,752$63,688,370
66$93,314,568$36,193,167$27,147,317$69,223,129
67$102,781,066$37,915,044$28,005,163$75,285,008
68$113,211,521$39,719,667$28,890,123$81,926,247
69$124,704,206$41,611,041$29,803,052$89,204,347
70$137,367,416$43,593,363$30,744,835$97,182,607
71$151,320,490$45,671,036$31,716,385$105,930,710
72$166,694,938$47,848,674$32,718,642$115,525,375
73$183,635,682$50,131,120$33,752,576$126,051,065
74$202,302,424$52,523,447$34,819,191$137,600,781
75$222,871,155$55,030,980$35,919,517$150,276,922
76$245,535,815$57,659,299$37,054,622$164,192,247
77$270,510,121$60,414,258$38,225,605$179,470,921
78$298,029,590$63,301,993$39,433,600$196,249,679
79$328,353,759$66,328,942$40,679,777$214,679,100
80$361,768,636$69,501,854$41,965,343$234,925,019
81$398,589,399$72,827,806$43,291,543$257,170,075
82$439,163,370$76,314,222$44,659,663$281,615,421
83$483,873,299$79,968,884$46,071,027$308,482,609
84$533,140,972$83,799,955$47,527,002$338,015,660
85$587,431,194$87,815,996$49,029,000$370,483,358
86$647,256,179$92,025,983$50,578,474$406,181,762
87$713,180,382$96,439,330$52,176,927$445,436,989
88$785,825,833$101,065,909$53,825,906$488,608,268
89$865,878,003$105,916,073$55,527,008$536,091,311
90$954,092,280$111,000,681$57,281,883$588,322,033
91$1,051,301,096$116,331,118$59,092,230$645,780,637
92$1,158,421,790$121,919,325$60,959,802$708,996,129
93$1,276,465,267$127,777,827$62,886,410$778,551,288
94$1,406,545,539$133,919,755$64,873,920$855,088,137
95$1,549,890,244$140,358,883$66,924,256$939,313,984
96$1,707,852,237$147,109,656$69,039,406$1,032,008,067
97$1,881,922,358$154,187,222$71,221,420$1,134,028,881
98$2,073,743,512$161,607,469$73,472,410$1,246,322,257
99$2,285,126,172$169,387,057$75,794,558$1,369,930,252
100$2,518,065,480$177,543,461$78,190,114$1,506,000,959