Can I retire at age 64 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%11%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,191,081
2 years$613,211$601,790$590,722$579,991$569,581$564,493
3 years$404,746$393,277$382,236$371,606$361,366$356,387
4 years$300,535$289,100$278,170$267,721$257,729$252,898
5 years$238,024$226,658$215,871$205,635$195,922$191,252
6 years$196,364$185,083$174,456$164,448$155,026$150,525
7 years$166,618$155,433$144,974$135,202$126,078$121,747
8 years$144,319$133,234$122,949$113,418$104,594$100,433
9 years$126,984$116,005$105,896$96,607$88,083$84,092
10 years$113,125$102,252$92,323$83,276$75,051$71,228
11 years$101,793$91,029$81,280$72,475$64,546$60,889
12 years$92,356$81,703$72,133$63,570$55,935$52,440
13 years$84,377$73,836$64,446$56,123$48,776$45,441
14 years$77,544$67,114$57,905$49,820$42,757$39,577
15 years$71,628$61,310$52,281$44,430$37,646$34,619
16 years$66,456$56,251$47,400$39,783$33,272$30,393
17 years$61,897$51,805$43,132$35,744$29,501$26,765
18 years$57,849$47,870$39,374$32,213$26,231$23,634
19 years$54,232$44,366$36,045$29,107$23,380$20,918
20 years$50,980$41,227$33,081$26,362$20,884$18,552
21 years$48,042$38,401$30,428$23,925$18,689$16,482
22 years$45,375$35,846$28,044$21,754$16,752$14,666
23 years$42,943$33,526$25,894$19,811$15,037$13,068
24 years$40,717$31,412$23,947$18,069$13,516$11,657
25 years$38,672$29,478$22,180$16,502$12,162$10,410
26 years$36,788$27,705$20,571$15,088$10,955$9,305
27 years$35,046$26,074$19,102$13,811$9,877$8,325
28 years$33,432$24,569$17,757$12,654$8,912$7,453
29 years$31,931$23,178$16,525$11,604$8,048$6,677
30 years$30,534$21,889$15,392$10,649$7,272$5,985
31 years$29,228$20,693$14,350$9,780$6,574$5,367
32 years$28,007$19,579$13,389$8,989$5,947$4,816
33 years$26,863$18,542$12,501$8,266$5,382$4,323
34 years$25,788$17,574$11,680$7,605$4,873$3,882
35 years$24,776$16,668$10,920$7,001$4,413$3,487
36 years$23,823$15,821$10,216$6,448$3,999$3,133
37 years$22,924$15,026$9,562$5,941$3,624$2,816
38 years$22,074$14,280$8,954$5,476$3,286$2,531
39 years$21,270$13,579$8,389$5,049$2,980$2,276
40 years$20,507$12,919$7,863$4,657$2,703$2,047
41 years$19,784$12,298$7,373$4,297$2,452$1,841
42 years$19,097$11,712$6,916$3,965$2,225$1,657
43 years$18,444$11,159$6,490$3,660$2,019$1,491
44 years$17,822$10,637$6,092$3,380$1,833$1,341
45 years$17,230$10,143$5,720$3,121$1,664$1,207
46 years$16,665$9,676$5,372$2,883$1,511$1,087
47 years$16,125$9,234$5,047$2,664$1,372$978
48 years$15,610$8,815$4,743$2,461$1,246$881
49 years$15,117$8,418$4,458$2,275$1,131$793
50 years$14,645$8,041$4,191$2,103$1,028$714

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $15,000,000, adding $3,787 every year, while hoping to spend $31,281 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: 65/20/15 Blend
63$15,000,000$15,000,000$15,000,000$15,000,000
64$16,533,906$15,738,906$15,506,406$17,548,823
65$18,187,082$16,476,830$15,992,588$18,966,197
66$20,007,833$17,249,863$16,494,009$20,510,401
67$22,013,220$18,059,694$17,011,145$22,197,019
68$24,222,040$18,908,091$17,544,491$24,039,963
69$26,655,009$19,796,909$18,094,552$26,054,539
70$29,334,955$20,728,092$18,661,854$28,257,589
71$32,287,030$21,703,678$19,246,937$30,667,640
72$35,538,955$22,725,806$19,850,356$33,305,084
73$39,121,273$23,796,715$20,472,688$36,192,357
74$43,067,644$24,918,755$21,114,524$39,354,156
75$47,415,158$26,094,389$21,776,476$42,817,661
76$52,204,690$27,326,200$22,459,173$46,612,787
77$57,481,279$28,616,895$23,163,266$50,772,467
78$63,294,559$29,969,312$23,889,425$55,332,953
79$69,699,225$31,386,429$24,638,342$60,334,155
80$76,755,548$32,871,366$25,410,728$65,820,009
81$84,529,947$34,427,396$26,207,321$71,838,893
82$93,095,612$36,057,949$27,028,877$78,444,071
83$102,533,199$37,766,623$27,876,179$85,694,191
84$112,931,588$39,557,190$28,750,033$93,653,836
85$124,388,722$41,433,605$29,651,271$102,394,121
86$137,012,535$43,400,015$30,580,752$111,993,362
87$150,921,965$45,460,767$31,539,359$122,537,804
88$166,248,084$47,620,423$32,528,006$134,122,431
89$183,135,326$49,883,762$33,547,632$146,851,853
90$201,742,861$52,255,798$34,599,209$160,841,283
91$222,246,088$54,741,786$35,683,737$176,217,618
92$244,838,296$57,347,241$36,802,249$193,120,629
93$269,732,486$60,077,940$37,955,809$211,704,266
94$297,163,386$62,939,945$39,145,515$232,138,105
95$327,389,660$65,939,612$40,372,499$254,608,937
96$360,696,356$69,083,603$41,637,928$279,322,522
97$397,397,593$72,378,909$42,943,008$306,505,515
98$437,839,528$75,832,855$44,288,979$336,407,600
99$482,403,623$79,453,128$45,677,122$369,303,828
100$531,510,246$83,247,784$47,108,759$405,497,204