Can I retire at age 65 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,239,381
2 years$641,827$629,874$618,289$607,057$596,162$583,513
3 years$423,635$411,630$400,074$388,947$378,230$365,882
4 years$314,560$302,591$291,151$280,215$269,757$257,806
5 years$249,132$237,235$225,945$215,232$205,065$193,547
6 years$205,527$193,720$182,598$172,122$162,261$151,189
7 years$174,394$162,686$151,739$141,511$131,961$121,341
8 years$151,054$139,452$128,687$118,710$109,475$99,305
9 years$132,910$121,418$110,838$101,115$92,194$82,470
10 years$118,404$107,024$96,631$87,162$78,553$69,271
11 years$106,543$95,277$85,073$75,857$67,559$58,710
12 years$96,666$85,516$75,500$66,537$58,545$50,121
13 years$88,315$77,281$67,454$58,742$51,052$43,043
14 years$81,163$70,247$60,608$52,145$44,752$37,146
15 years$74,970$64,171$54,721$46,504$39,403$32,190
16 years$69,557$58,876$49,612$41,639$34,825$27,992
17 years$64,785$54,223$45,145$37,412$30,878$24,413
18 years$60,549$50,104$41,212$33,716$27,455$21,346
19 years$56,763$46,436$37,727$30,465$24,472$18,705
20 years$53,359$43,151$34,624$27,592$21,858$16,421
21 years$50,284$40,193$31,848$25,042$19,561$14,439
22 years$47,492$37,519$29,353$22,769$17,533$12,714
23 years$44,947$35,091$27,102$20,736$15,739$11,209
24 years$42,617$32,878$25,065$18,912$14,147$9,893
25 years$40,477$30,854$23,215$17,272$12,730$8,740
26 years$38,505$28,998$21,531$15,792$11,467$7,727
27 years$36,682$27,290$19,993$14,455$10,338$6,837
28 years$34,992$25,716$18,586$13,244$9,328$6,053
29 years$33,421$24,260$17,296$12,145$8,423$5,362
30 years$31,958$22,911$16,111$11,146$7,611$4,752
31 years$30,592$21,658$15,019$10,237$6,881$4,213
32 years$29,314$20,493$14,013$9,408$6,224$3,737
33 years$28,116$19,407$13,084$8,651$5,633$3,316
34 years$26,991$18,394$12,225$7,960$5,100$2,943
35 years$25,933$17,446$11,430$7,328$4,619$2,613
36 years$24,935$16,559$10,692$6,749$4,185$2,320
37 years$23,994$15,727$10,008$6,218$3,793$2,061
38 years$23,104$14,946$9,372$5,731$3,439$1,831
39 years$22,262$14,213$8,780$5,284$3,119$1,627
40 years$21,464$13,522$8,230$4,874$2,829$1,446
41 years$20,707$12,872$7,717$4,497$2,566$1,285
42 years$19,988$12,259$7,239$4,150$2,329$1,142
43 years$19,305$11,680$6,793$3,831$2,113$1,015
44 years$18,654$11,133$6,376$3,537$1,918$903
45 years$18,034$10,617$5,987$3,267$1,741$802
46 years$17,442$10,128$5,623$3,018$1,581$713
47 years$16,878$9,665$5,283$2,788$1,436$634
48 years$16,338$9,227$4,964$2,576$1,304$564
49 years$15,822$8,811$4,666$2,381$1,184$502
50 years$15,329$8,417$4,387$2,201$1,076$446

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,700,000, adding $3,599 every year, while hoping to spend $52,984 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: 64/8/28 Blend
64$15,700,000$15,700,000$15,700,000$15,700,000
65$17,305,112$16,473,012$16,229,662$18,283,613
66$19,013,859$17,223,815$16,716,981$19,697,507
67$20,895,123$18,009,632$17,218,850$21,235,641
68$22,966,443$18,832,122$17,735,699$22,915,235
69$25,247,149$19,693,024$18,267,974$24,750,196
70$27,758,537$20,594,162$18,816,130$26,755,830
71$30,524,077$21,537,445$19,380,640$28,948,986
72$33,569,629$22,524,875$19,961,987$31,348,211
73$36,923,687$23,558,551$20,560,670$33,973,922
74$40,617,653$24,640,670$21,177,203$36,848,600
75$44,686,128$25,773,537$21,812,113$39,996,993
76$49,167,240$26,959,567$22,465,946$43,446,354
77$54,103,004$28,201,291$23,139,260$47,226,689
78$59,539,718$29,501,362$23,832,633$51,371,041
79$65,528,400$30,862,559$24,546,657$55,915,797
80$72,125,270$32,287,798$25,281,943$60,901,030
81$79,392,279$33,780,132$26,039,120$66,370,870
82$87,397,696$35,342,763$26,818,835$72,373,922
83$96,216,749$36,979,046$27,621,753$78,963,718
84$105,932,336$38,692,498$28,448,561$86,199,219
85$116,635,810$40,486,806$29,299,963$94,145,365
86$128,427,836$42,365,833$30,176,686$102,873,692
87$141,419,348$44,333,632$31,079,477$112,462,992
88$155,732,588$46,394,446$32,009,106$123,000,061
89$171,502,265$48,552,727$32,966,364$134,580,509
90$188,876,825$50,813,139$33,952,066$147,309,660
91$208,019,851$53,180,574$34,967,051$161,303,539
92$229,111,611$55,660,157$36,012,182$176,689,965
93$252,350,753$58,257,262$37,088,348$193,609,749
94$277,956,185$60,977,523$38,196,463$212,218,021
95$306,169,139$63,826,844$39,337,467$232,685,685
96$337,255,449$66,811,418$40,512,330$255,201,028
97$371,508,060$69,937,732$41,722,049$279,971,492
98$409,249,793$73,212,592$42,967,648$307,225,624
99$450,836,391$76,643,129$44,250,184$337,215,227
100$496,659,881$80,236,820$45,570,743$370,217,733