Can I retire at age 65 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,176,571
2 years$621,387$609,814$598,598$587,724$577,176$541,699
3 years$410,143$398,520$387,333$376,560$366,184$331,841
4 years$304,542$292,955$281,879$271,291$261,166$228,220
5 years$241,198$229,680$218,750$208,377$198,534$167,075
6 years$198,982$187,551$176,782$166,641$157,093$127,150
7 years$168,840$157,505$146,907$137,005$127,759$99,331
8 years$146,243$135,011$124,589$114,930$105,988$79,058
9 years$128,678$117,551$107,308$97,895$89,257$63,798
10 years$114,633$103,616$93,554$84,386$76,052$52,028
11 years$103,150$92,243$82,363$73,441$65,407$42,779
12 years$93,587$82,792$73,095$64,418$56,680$35,402
13 years$85,502$74,820$65,306$56,871$49,426$29,451
14 years$78,578$68,009$58,678$50,484$43,327$24,603
15 years$72,583$62,128$52,978$45,023$38,148$20,624
16 years$67,342$57,001$48,032$40,313$33,716$17,338
17 years$62,722$52,496$43,707$36,221$29,895$14,610
18 years$58,621$48,509$39,899$32,642$26,581$12,335
19 years$54,955$44,957$36,526$29,495$23,692$10,432
20 years$51,660$41,776$33,522$26,714$21,162$8,834
21 years$48,683$38,913$30,833$24,244$18,938$7,489
22 years$45,980$36,324$28,418$22,044$16,975$6,356
23 years$43,515$33,973$26,239$20,076$15,238$5,398
24 years$41,260$31,831$24,266$18,310$13,696$4,588
25 years$39,188$29,871$22,476$16,722$12,324$3,902
26 years$37,279$28,074$20,845$15,290$11,101$3,320
27 years$35,514$26,421$19,356$13,995$10,009$2,826
28 years$33,877$24,897$17,994$12,822$9,031$2,406
29 years$32,357$23,487$16,745$11,758$8,155$2,049
30 years$30,941$22,181$15,598$10,791$7,368$1,746
31 years$29,618$20,968$14,541$9,911$6,662$1,488
32 years$28,381$19,840$13,567$9,108$6,026$1,268
33 years$27,221$18,789$12,668$8,376$5,454$1,081
34 years$26,132$17,808$11,836$7,707$4,938$922
35 years$25,107$16,890$11,066$7,094$4,472$786
36 years$24,141$16,032$10,352$6,534$4,052$670
37 years$23,230$15,226$9,689$6,020$3,672$572
38 years$22,368$14,470$9,073$5,549$3,329$487
39 years$21,553$13,760$8,501$5,116$3,019$416
40 years$20,781$13,091$7,968$4,719$2,739$355
41 years$20,048$12,462$7,471$4,354$2,485$303
42 years$19,352$11,868$7,008$4,018$2,254$258
43 years$18,690$11,308$6,576$3,709$2,046$220
44 years$18,060$10,779$6,173$3,425$1,857$188
45 years$17,459$10,279$5,796$3,163$1,686$160
46 years$16,887$9,805$5,444$2,922$1,531$137
47 years$16,340$9,357$5,115$2,699$1,390$117
48 years$15,818$8,933$4,806$2,494$1,262$100
49 years$15,318$8,530$4,518$2,305$1,147$85
50 years$14,841$8,149$4,247$2,131$1,041$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,200,000, adding $2,144 every year, while hoping to spend $35,147 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: 49/22/29 Blend
64$15,200,000$15,200,000$15,200,000$15,200,000
65$16,752,612$15,947,012$15,711,412$17,435,116
66$18,423,982$16,691,019$16,200,348$18,658,658
67$20,264,654$17,470,305$16,704,485$19,983,608
68$22,291,859$18,286,561$17,224,296$21,422,515
69$24,524,586$19,141,559$17,760,268$22,986,186
70$26,983,759$20,037,160$18,312,901$24,686,501
71$29,692,433$20,975,312$18,882,714$26,536,513
72$32,676,017$21,958,058$19,470,241$28,550,574
73$35,962,507$22,987,540$20,076,030$30,744,461
74$39,582,756$24,066,002$20,700,650$33,135,522
75$43,570,760$25,195,799$21,344,685$35,742,832
76$47,963,984$26,379,399$22,008,738$38,587,373
77$52,803,710$27,619,390$22,693,431$41,692,219
78$58,135,431$28,918,483$23,399,404$45,082,753
79$64,009,279$30,279,522$24,127,317$48,786,901
80$70,480,496$31,705,489$24,877,853$52,835,385
81$77,609,959$33,199,510$25,651,714$57,262,008
82$85,464,751$34,764,863$26,449,622$62,103,969
83$94,118,797$36,404,983$27,272,326$67,402,201
84$103,653,560$38,123,473$28,120,595$73,201,755
85$114,158,811$39,924,110$28,995,222$79,552,215
86$125,733,473$41,810,856$29,897,026$86,508,158
87$138,486,561$43,787,861$30,826,850$94,129,660
88$152,538,204$45,859,480$31,785,563$102,482,854
89$168,020,784$48,030,278$32,774,063$111,640,547
90$185,080,184$50,305,041$33,793,274$121,682,894
91$203,877,162$52,688,788$34,844,148$132,698,145
92$224,588,874$55,186,780$35,927,669$144,783,470
93$247,410,543$57,804,536$37,044,849$158,045,862
94$272,557,301$60,547,840$38,196,734$172,603,136
95$300,266,220$63,422,759$39,384,399$188,585,032
96$330,798,554$66,435,654$40,608,956$206,134,419
97$364,442,199$69,593,193$41,871,548$225,408,639
98$401,514,414$72,902,371$43,173,356$246,580,975
99$442,364,818$76,370,520$44,515,597$269,842,269
100$487,378,685$80,005,331$45,899,525$295,402,714