Can I retire at age 65 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,206,078
2 years$637,739$625,862$614,351$603,190$592,365$554,519
3 years$420,936$409,008$397,526$386,470$375,821$339,203
4 years$312,556$300,664$289,297$278,430$268,038$232,930
5 years$247,545$235,724$224,506$213,861$203,758$170,254
6 years$204,218$192,487$181,434$171,026$161,227$129,356
7 years$173,283$161,650$150,773$140,610$131,121$100,882
8 years$150,092$138,564$127,867$117,954$108,777$80,151
9 years$132,064$120,645$110,132$100,471$91,606$64,562
10 years$117,650$106,342$96,016$86,607$78,053$52,552
11 years$105,864$94,670$84,531$75,374$67,128$43,126
12 years$96,050$84,971$75,019$66,113$58,172$35,619
13 years$87,752$76,789$67,024$58,368$50,727$29,571
14 years$80,646$69,799$60,222$51,813$44,467$24,652
15 years$74,493$63,763$54,372$46,208$39,152$20,622
16 years$69,114$58,501$49,296$41,374$34,603$17,299
17 years$64,373$53,877$44,858$37,174$30,681$14,545
18 years$60,163$49,785$40,949$33,501$27,280$12,253
19 years$56,401$46,140$37,487$30,271$24,316$10,339
20 years$53,019$42,876$34,404$27,417$21,719$8,735
21 years$49,964$39,937$31,645$24,882$19,436$7,389
22 years$47,190$37,280$29,166$22,624$17,422$6,256
23 years$44,661$34,867$26,929$20,604$15,639$5,300
24 years$42,346$32,668$24,905$18,792$14,057$4,494
25 years$40,219$30,657$23,067$17,162$12,649$3,813
26 years$38,260$28,813$21,394$15,692$11,394$3,236
27 years$36,448$27,116$19,866$14,363$10,272$2,748
28 years$34,769$25,552$18,468$13,160$9,269$2,334
29 years$33,209$24,105$17,186$12,068$8,369$1,983
30 years$31,755$22,765$16,008$11,075$7,562$1,686
31 years$30,398$21,520$14,924$10,172$6,837$1,433
32 years$29,128$20,362$13,924$9,348$6,185$1,218
33 years$27,937$19,284$13,001$8,596$5,597$1,036
34 years$26,819$18,277$12,147$7,909$5,068$881
35 years$25,768$17,335$11,357$7,281$4,590$749
36 years$24,776$16,453$10,624$6,706$4,159$637
37 years$23,841$15,627$9,944$6,178$3,769$542
38 years$22,957$14,851$9,312$5,695$3,417$461
39 years$22,120$14,122$8,725$5,251$3,099$392
40 years$21,328$13,436$8,177$4,843$2,811$334
41 years$20,576$12,790$7,668$4,468$2,550$284
42 years$19,861$12,181$7,193$4,124$2,314$242
43 years$19,182$11,606$6,749$3,807$2,100$206
44 years$18,535$11,063$6,335$3,515$1,906$175
45 years$17,919$10,549$5,949$3,246$1,730$149
46 years$17,331$10,063$5,587$2,998$1,571$127
47 years$16,770$9,604$5,249$2,770$1,427$108
48 years$16,234$9,168$4,933$2,560$1,296$92
49 years$15,722$8,755$4,636$2,366$1,177$78
50 years$15,231$8,363$4,359$2,187$1,069$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,600,000, adding $5,439 every year, while hoping to spend $36,937 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: 29/50/21 Blend
64$15,600,000$15,600,000$15,600,000$15,600,000
65$17,196,810$16,370,010$16,128,210$17,581,870
66$18,911,584$17,132,840$16,629,205$18,641,460
67$20,800,027$17,931,811$17,145,744$19,776,212
68$22,879,814$18,768,654$17,678,311$20,995,458
69$25,170,423$19,645,185$18,227,402$22,306,483
70$27,693,314$20,563,308$18,793,528$23,717,257
71$30,472,139$21,525,017$19,377,219$25,236,497
72$33,532,959$22,532,404$19,979,017$26,873,748
73$36,904,491$23,587,662$20,599,484$28,639,459
74$40,618,381$24,693,089$21,239,199$30,545,075
75$44,709,502$25,851,096$21,898,757$32,603,135
76$49,216,280$27,064,209$22,578,775$34,827,376
77$54,181,061$28,335,076$23,279,885$37,232,859
78$59,650,509$29,666,474$24,002,740$39,836,095
79$65,676,044$31,061,315$24,748,015$42,655,190
80$72,314,331$32,522,650$25,516,405$45,710,004
81$79,627,812$34,053,679$26,308,624$49,022,328
82$87,685,298$35,657,758$27,125,411$52,616,070
83$96,562,613$37,338,403$27,967,527$56,517,474
84$106,343,317$39,099,302$28,835,757$60,755,347
85$117,119,489$40,944,322$29,730,908$65,361,321
86$128,992,599$42,877,516$30,653,816$70,370,129
87$142,074,465$44,903,135$31,605,339$75,819,923
88$156,488,306$47,025,634$32,586,364$81,752,612
89$172,369,910$49,249,687$33,597,804$88,214,238
90$189,868,911$51,580,192$34,640,601$95,255,396
91$209,150,204$54,022,286$35,715,725$102,931,689
92$230,395,501$56,581,354$36,824,178$111,304,229
93$253,805,046$59,263,044$37,966,992$120,440,198
94$279,599,504$62,073,276$39,145,229$130,413,451
95$308,022,047$65,018,260$40,359,988$141,305,197
96$339,340,646$68,104,504$41,612,397$153,204,733
97$373,850,602$71,338,836$42,903,624$166,210,265
98$411,877,337$74,728,412$44,234,868$180,429,806
99$453,779,459$78,280,738$45,607,370$195,982,166
100$499,952,152$82,003,683$47,022,405$212,998,042