Can I retire at age 55 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%18.8%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,153,682
2 years$613,211$601,790$590,722$579,991$569,581$527,277
3 years$404,746$393,277$382,236$371,606$361,366$320,526
4 years$300,535$289,100$278,170$267,721$257,729$218,665
5 years$238,024$226,658$215,871$205,635$195,922$158,736
6 years$196,364$185,083$174,456$164,448$155,026$119,748
7 years$166,618$155,433$144,974$135,202$126,078$92,699
8 years$144,319$133,234$122,949$113,418$104,594$73,086
9 years$126,984$116,005$105,896$96,607$88,083$58,406
10 years$113,125$102,252$92,323$83,276$75,051$47,154
11 years$101,793$91,029$81,280$72,475$64,546$38,371
12 years$92,356$81,703$72,133$63,570$55,935$31,420
13 years$84,377$73,836$64,446$56,123$48,776$25,855
14 years$77,544$67,114$57,905$49,820$42,757$21,360
15 years$71,628$61,310$52,281$44,430$37,646$17,704
16 years$66,456$56,251$47,400$39,783$33,272$14,712
17 years$61,897$51,805$43,132$35,744$29,501$12,253
18 years$57,849$47,870$39,374$32,213$26,231$10,222
19 years$54,232$44,366$36,045$29,107$23,380$8,541
20 years$50,980$41,227$33,081$26,362$20,884$7,145
21 years$48,042$38,401$30,428$23,925$18,689$5,983
22 years$45,375$35,846$28,044$21,754$16,752$5,014
23 years$42,943$33,526$25,894$19,811$15,037$4,205
24 years$40,717$31,412$23,947$18,069$13,516$3,529
25 years$38,672$29,478$22,180$16,502$12,162$2,963
26 years$36,788$27,705$20,571$15,088$10,955$2,489
27 years$35,046$26,074$19,102$13,811$9,877$2,091
28 years$33,432$24,569$17,757$12,654$8,912$1,757
29 years$31,931$23,178$16,525$11,604$8,048$1,477
30 years$30,534$21,889$15,392$10,649$7,272$1,242
31 years$29,228$20,693$14,350$9,780$6,574$1,045
32 years$28,007$19,579$13,389$8,989$5,947$879
33 years$26,863$18,542$12,501$8,266$5,382$739
34 years$25,788$17,574$11,680$7,605$4,873$622
35 years$24,776$16,668$10,920$7,001$4,413$523
36 years$23,823$15,821$10,216$6,448$3,999$440
37 years$22,924$15,026$9,562$5,941$3,624$370
38 years$22,074$14,280$8,954$5,476$3,286$312
39 years$21,270$13,579$8,389$5,049$2,980$262
40 years$20,507$12,919$7,863$4,657$2,703$221
41 years$19,784$12,298$7,373$4,297$2,452$186
42 years$19,097$11,712$6,916$3,965$2,225$156
43 years$18,444$11,159$6,490$3,660$2,019$132
44 years$17,822$10,637$6,092$3,380$1,833$111
45 years$17,230$10,143$5,720$3,121$1,664$93
46 years$16,665$9,676$5,372$2,883$1,511$78
47 years$16,125$9,234$5,047$2,664$1,372$66
48 years$15,610$8,815$4,743$2,461$1,246$56
49 years$15,117$8,418$4,458$2,275$1,131$47
50 years$14,645$8,041$4,191$2,103$1,028$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $15,000,000, adding $4,132 every year, while hoping to spend $29,416 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: 68/9/23 Blend
54$15,000,000$15,000,000$15,000,000$15,000,000
55$16,534,262$15,739,262$15,506,762$17,561,746
56$18,189,459$16,479,188$15,994,940$18,990,880
57$20,012,499$17,254,384$16,498,486$20,549,956
58$22,020,473$18,066,547$17,017,885$22,254,874
59$24,232,211$18,917,458$17,553,633$24,120,032
60$26,668,464$19,808,981$18,106,248$26,161,278
61$29,352,099$20,743,072$18,676,259$28,396,060
62$32,308,313$21,721,783$19,264,214$30,843,583
63$35,564,874$22,747,263$19,870,678$33,524,991
64$39,152,379$23,821,767$20,496,233$36,463,565
65$43,104,546$24,947,658$21,141,481$39,684,938
66$47,458,530$26,127,414$21,807,042$43,217,334
67$52,255,277$27,363,634$22,493,555$47,091,832
68$57,539,905$28,659,042$23,201,679$51,342,658
69$63,362,135$30,016,495$23,932,094$56,007,502
70$69,776,757$31,438,987$24,685,503$61,127,869
71$76,844,148$32,929,659$25,462,630$66,749,475
72$84,630,843$34,491,805$26,264,220$72,922,665
73$93,210,162$36,128,876$27,091,044$79,702,891
74$102,662,901$37,844,493$27,943,896$87,151,230
75$113,078,096$39,642,453$28,823,596$95,334,956
76$124,553,864$41,526,735$29,730,989$104,328,169
77$137,198,327$43,501,514$30,666,946$114,212,494
78$151,130,635$45,571,166$31,632,367$125,077,843
79$166,482,087$47,740,281$32,628,178$137,023,262
80$183,397,375$50,013,670$33,655,338$150,157,858
81$202,035,947$52,396,380$34,714,832$164,601,826
82$222,573,513$54,893,702$35,807,678$180,487,578
83$245,203,703$57,511,185$36,934,926$197,960,986
84$270,139,894$60,254,646$38,097,660$217,182,753
85$297,617,227$63,130,188$39,296,995$238,329,927
86$327,894,825$66,144,207$40,534,085$261,597,561
87$361,258,238$69,303,414$41,810,118$287,200,552
88$398,022,140$72,614,844$43,126,319$315,375,659
89$438,533,300$76,085,873$44,483,953$346,383,736
90$483,173,856$79,724,240$45,884,324$380,512,179
91$532,364,918$83,538,056$47,328,777$418,077,640
92$586,570,549$87,535,830$48,818,701$459,429,002
93$646,302,143$91,726,485$50,355,526$504,950,665
94$712,123,255$96,119,375$51,940,728$555,066,170
95$784,654,915$100,724,313$53,575,832$610,242,180
96$864,581,501$105,551,588$55,262,406$670,992,886
97$952,657,189$110,611,991$57,002,072$737,884,841
98$1,049,713,081$115,916,838$58,796,500$811,542,306
99$1,156,665,048$121,477,995$60,647,415$892,653,128
100$1,274,522,373$127,307,908$62,556,594$981,975,222