Can I retire at age 65 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,192,487
2 years$625,475$613,826$602,537$591,591$580,973$553,358
3 years$412,841$401,142$389,881$379,038$368,593$341,782
4 years$306,545$294,882$283,734$273,075$262,884$237,083
5 years$242,784$231,191$220,189$209,748$199,840$175,122
6 years$200,291$188,785$177,945$167,737$158,127$134,518
7 years$169,950$158,541$147,873$137,906$128,599$106,103
8 years$147,205$135,899$125,408$115,686$106,686$85,293
9 years$129,524$118,325$108,014$98,539$89,845$69,541
10 years$115,387$104,297$94,169$84,941$76,552$57,315
11 years$103,829$92,850$82,905$73,924$65,837$47,640
12 years$94,203$83,337$73,576$64,842$57,053$39,868
13 years$86,065$75,312$65,735$57,245$49,752$33,547
14 years$79,095$68,457$59,064$50,816$43,612$28,354
15 years$73,060$62,537$53,326$45,319$38,399$24,054
16 years$67,785$57,376$48,348$40,578$33,937$20,468
17 years$63,135$52,841$43,995$36,459$30,091$17,462
18 years$59,006$48,828$40,162$32,857$26,756$14,929
19 years$55,316$45,253$36,766$29,689$23,848$12,787
20 years$52,000$42,051$33,742$26,889$21,302$10,969
21 years$49,003$39,169$31,036$24,404$19,062$9,422
22 years$46,282$36,563$28,605$22,189$17,087$8,102
23 years$43,802$34,197$26,411$20,208$15,338$6,974
24 years$41,531$32,040$24,426$18,431$13,786$6,008
25 years$39,446$30,068$22,623$16,832$12,405$5,179
26 years$37,524$28,259$20,982$15,390$11,174$4,467
27 years$35,747$26,595$19,484$14,087$10,075$3,855
28 years$34,100$25,060$18,113$12,907$9,091$3,328
29 years$32,570$23,642$16,855$11,836$8,209$2,875
30 years$31,144$22,327$15,700$10,862$7,417$2,484
31 years$29,813$21,106$14,637$9,976$6,706$2,147
32 years$28,568$19,971$13,656$9,168$6,066$1,856
33 years$27,400$18,913$12,751$8,431$5,489$1,604
34 years$26,304$17,925$11,914$7,757$4,970$1,388
35 years$25,272$17,002$11,139$7,141$4,502$1,200
36 years$24,300$16,137$10,420$6,577$4,079$1,038
37 years$23,383$15,326$9,753$6,060$3,697$898
38 years$22,516$14,566$9,133$5,585$3,351$777
39 years$21,695$13,850$8,557$5,150$3,039$672
40 years$20,918$13,178$8,020$4,750$2,757$582
41 years$20,180$12,544$7,520$4,382$2,501$504
42 years$19,479$11,946$7,054$4,044$2,269$436
43 years$18,813$11,382$6,620$3,734$2,059$377
44 years$18,179$10,850$6,214$3,447$1,869$327
45 years$17,574$10,346$5,834$3,184$1,697$283
46 years$16,998$9,870$5,480$2,941$1,541$245
47 years$16,448$9,419$5,148$2,717$1,399$212
48 years$15,922$8,992$4,838$2,511$1,271$183
49 years$15,419$8,587$4,547$2,320$1,154$159
50 years$14,938$8,202$4,275$2,145$1,048$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,300,000, adding $6,856 every year, while hoping to spend $30,448 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: 50/36/14 Blend
64$15,300,000$15,300,000$15,300,000$15,300,000
65$16,867,672$16,056,772$15,819,622$17,646,189
66$18,555,778$16,811,157$16,317,183$18,936,108
67$20,415,051$17,601,487$16,830,392$20,333,358
68$22,462,916$18,429,490$17,359,740$21,851,088
69$24,718,578$19,296,980$17,905,736$23,500,636
70$27,203,198$20,205,857$18,468,903$25,294,457
71$29,940,093$21,158,113$19,049,781$27,246,228
72$32,954,961$22,155,838$19,648,926$29,370,979
73$36,276,115$23,201,223$20,266,913$31,685,221
74$39,934,759$24,296,564$20,904,336$34,207,100
75$43,965,278$25,444,268$21,561,804$36,956,559
76$48,405,560$26,646,861$22,239,948$39,955,521
77$53,297,359$27,906,989$22,939,418$43,228,086
78$58,686,686$29,227,428$23,660,885$46,800,750
79$64,624,244$30,611,088$24,405,041$50,702,651
80$71,165,906$32,061,021$25,172,599$54,965,829
81$78,373,242$33,580,424$25,964,294$59,625,524
82$86,314,101$35,172,653$26,780,887$64,720,499
83$95,063,252$36,841,226$27,623,159$70,293,392
84$104,703,087$38,589,829$28,491,918$76,391,112
85$115,324,402$40,422,331$29,387,998$83,065,267
86$127,027,252$42,342,786$30,312,256$90,372,643
87$139,921,894$44,355,445$31,265,579$98,375,727
88$154,129,833$46,464,768$32,248,882$107,143,284
89$169,784,963$48,675,428$33,263,106$116,750,990
90$187,034,833$50,992,328$34,309,224$127,282,138
91$206,042,042$53,420,608$35,388,239$138,828,406
92$226,985,770$55,965,657$36,501,185$151,490,707
93$250,063,473$58,633,129$37,649,129$165,380,129
94$275,492,744$61,428,949$38,833,172$180,618,963
95$303,513,368$64,359,332$40,054,448$197,341,842
96$334,389,588$67,430,796$41,314,128$215,696,994
97$368,412,595$70,650,174$42,613,420$235,847,621
98$405,903,280$74,024,632$43,953,569$257,973,420
99$447,215,261$77,561,686$45,335,860$282,272,260
100$492,738,224$81,269,215$46,761,619$308,962,026