Can I retire at age 65 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,159,529
2 years$617,299$605,802$594,660$583,857$573,379$528,982
3 years$407,445$395,899$384,785$374,083$363,775$320,945
4 years$302,538$291,027$280,025$269,506$259,447$218,510
5 years$239,611$228,169$217,311$207,006$197,228$158,289
6 years$197,673$186,317$175,619$165,545$156,060$119,148
7 years$167,729$156,469$145,940$136,103$126,918$92,023
8 years$145,281$134,123$123,769$114,174$105,291$72,382
9 years$127,831$116,778$106,602$97,251$88,670$57,701
10 years$113,879$102,934$92,938$83,831$75,551$46,467
11 years$102,471$91,636$81,821$72,958$64,977$37,715
12 years$92,972$82,248$72,614$63,994$56,307$30,799
13 years$84,940$74,328$64,876$56,497$49,101$25,275
14 years$78,061$67,562$58,292$50,152$43,042$20,823
15 years$72,105$61,719$52,629$44,727$37,897$17,210
16 years$66,899$56,626$47,716$40,048$33,494$14,260
17 years$62,310$52,150$43,420$35,983$29,698$11,841
18 years$58,235$48,189$39,637$32,428$26,406$9,849
19 years$54,593$44,661$36,286$29,301$23,536$8,204
20 years$51,320$41,502$33,301$26,538$21,023$6,842
21 years$48,362$38,657$30,631$24,085$18,813$5,712
22 years$45,677$36,085$28,231$21,899$16,863$4,772
23 years$43,229$33,750$26,066$19,943$15,138$3,990
24 years$40,988$31,621$24,107$18,190$13,606$3,337
25 years$38,930$29,675$22,328$16,612$12,243$2,793
26 years$37,033$27,890$20,708$15,189$11,028$2,339
27 years$35,280$26,247$19,229$13,903$9,943$1,959
28 years$33,655$24,733$17,876$12,738$8,972$1,641
29 years$32,144$23,333$16,635$11,681$8,101$1,375
30 years$30,737$22,035$15,495$10,720$7,320$1,152
31 years$29,423$20,830$14,445$9,846$6,618$966
32 years$28,194$19,710$13,478$9,048$5,986$810
33 years$27,042$18,666$12,584$8,321$5,418$679
34 years$25,960$17,691$11,758$7,656$4,905$569
35 years$24,942$16,779$10,993$7,048$4,443$477
36 years$23,982$15,926$10,284$6,491$4,025$400
37 years$23,077$15,126$9,625$5,980$3,648$336
38 years$22,221$14,375$9,014$5,512$3,308$282
39 years$21,411$13,669$8,445$5,083$2,999$236
40 years$20,644$13,005$7,915$4,688$2,721$198
41 years$19,916$12,380$7,422$4,325$2,468$166
42 years$19,225$11,790$6,962$3,992$2,240$139
43 years$18,567$11,234$6,533$3,685$2,033$117
44 years$17,941$10,708$6,132$3,402$1,845$98
45 years$17,345$10,211$5,758$3,142$1,675$82
46 years$16,776$9,741$5,408$2,902$1,521$69
47 years$16,233$9,296$5,081$2,681$1,381$58
48 years$15,714$8,874$4,775$2,478$1,254$49
49 years$15,218$8,474$4,488$2,290$1,139$41
50 years$14,743$8,095$4,219$2,117$1,035$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,100,000, adding $4,392 every year, while hoping to spend $44,155 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: 53/37/10 Blend
64$15,100,000$15,100,000$15,100,000$15,100,000
65$16,644,730$15,844,430$15,610,380$17,484,211
66$18,295,512$16,573,827$16,086,348$18,784,549
67$20,113,194$17,337,484$16,576,780$20,193,381
68$22,114,753$18,137,034$17,082,115$21,725,082
69$24,318,896$18,974,187$17,602,804$23,391,290
70$26,746,238$19,850,736$18,139,312$25,204,789
71$29,419,493$20,768,561$18,692,118$27,179,625
72$32,363,692$21,729,631$19,261,715$29,331,233
73$35,606,417$22,736,012$19,848,611$31,676,575
74$39,178,061$23,789,866$20,453,329$34,234,299
75$43,112,116$24,893,462$21,076,408$37,024,900
76$47,445,488$26,049,178$21,718,404$40,070,916
77$52,218,846$27,259,506$22,379,889$43,397,125
78$57,477,006$28,527,059$23,061,452$47,030,777
79$63,269,350$29,854,575$23,763,701$51,001,842
80$69,650,299$31,244,924$24,487,260$55,343,283
81$76,679,820$32,701,116$25,232,773$60,091,358
82$84,423,995$34,226,304$26,000,905$65,285,957
83$92,955,646$35,823,796$26,792,339$70,970,966
84$102,355,018$37,497,058$27,607,778$77,194,671
85$112,710,540$39,249,724$28,447,948$84,010,206
86$124,119,657$41,085,602$29,313,597$91,476,041
87$136,689,752$43,008,687$30,205,492$99,656,523
88$150,539,158$45,023,164$31,124,428$108,622,472
89$165,798,276$47,133,423$32,071,220$118,451,840
90$182,610,804$49,344,065$33,046,710$129,230,426
91$201,135,094$51,659,912$34,051,763$141,052,681
92$221,545,649$54,086,023$35,087,272$154,022,578
93$244,034,766$56,627,699$36,154,156$168,254,585
94$268,814,353$59,290,498$37,253,362$183,874,724
95$296,117,932$62,080,247$38,385,865$201,021,749
96$326,202,839$65,003,056$39,552,668$219,848,433
97$359,352,653$68,065,331$40,754,807$240,522,999
98$395,879,878$71,273,786$41,993,348$263,230,683
99$436,128,887$74,635,463$43,269,386$288,175,467
100$480,479,177$78,157,744$44,584,054$315,581,982