Can I retire at age 65 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,249,880
2 years$645,915$633,886$622,227$610,924$599,959$589,844
3 years$426,333$414,251$402,622$391,425$380,639$370,756
4 years$316,563$304,519$293,006$281,999$271,475$261,901
5 years$250,719$238,746$227,385$216,603$206,371$197,135
6 years$206,836$194,954$183,761$173,219$163,294$154,407
7 years$175,504$163,722$152,706$142,413$132,802$124,267
8 years$152,016$140,340$129,507$119,467$110,172$101,990
9 years$133,757$122,191$111,544$101,759$92,781$84,949
10 years$119,158$107,706$97,247$87,717$79,054$71,568
11 years$107,222$95,884$85,614$76,340$67,989$60,844
12 years$97,282$86,060$75,981$66,961$58,918$52,107
13 years$88,877$77,773$67,884$59,116$51,377$44,893
14 years$81,680$70,694$60,994$52,477$45,037$38,871
15 years$75,448$64,580$55,069$46,800$39,654$33,798
16 years$70,000$59,251$49,928$41,904$35,047$29,491
17 years$65,198$54,568$45,433$37,651$31,075$25,811
18 years$60,935$50,423$41,474$33,931$27,630$22,648
19 years$57,124$46,732$37,968$30,659$24,627$19,917
20 years$53,699$43,425$34,845$27,768$21,998$17,549
21 years$50,604$40,449$32,051$25,201$19,685$15,488
22 years$47,795$37,758$29,540$22,914$17,645$13,690
23 years$45,233$35,314$27,275$20,868$15,839$12,115
24 years$42,889$33,087$25,224$19,033$14,237$10,734
25 years$40,735$31,051$23,363$17,382$12,811$9,519
26 years$38,750$29,182$21,668$15,893$11,540$8,449
27 years$36,915$27,464$20,120$14,547$10,404$7,506
28 years$35,215$25,879$18,705$13,328$9,388$6,672
29 years$33,634$24,414$17,406$12,222$8,477$5,934
30 years$32,162$23,057$16,213$11,217$7,659$5,280
31 years$30,787$21,796$15,115$10,302$6,925$4,701
32 years$29,501$20,624$14,103$9,468$6,264$4,187
33 years$28,295$19,531$13,168$8,707$5,669$3,731
34 years$27,163$18,511$12,303$8,011$5,133$3,325
35 years$26,098$17,557$11,503$7,374$4,649$2,964
36 years$25,094$16,664$10,760$6,792$4,212$2,644
37 years$24,147$15,827$10,072$6,258$3,817$2,358
38 years$23,251$15,042$9,432$5,768$3,461$2,104
39 years$22,404$14,303$8,836$5,318$3,138$1,877
40 years$21,601$13,608$8,282$4,905$2,847$1,675
41 years$20,839$12,954$7,766$4,526$2,583$1,495
42 years$20,116$12,337$7,285$4,177$2,343$1,335
43 years$19,428$11,754$6,836$3,856$2,127$1,192
44 years$18,773$11,204$6,417$3,560$1,930$1,064
45 years$18,149$10,684$6,025$3,288$1,753$950
46 years$17,553$10,192$5,659$3,037$1,591$849
47 years$16,985$9,727$5,316$2,806$1,445$758
48 years$16,442$9,285$4,996$2,593$1,312$677
49 years$15,923$8,867$4,696$2,396$1,192$605
50 years$15,426$8,470$4,415$2,215$1,082$540

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $15,800,000, adding $5,751 every year, while hoping to spend $34,132 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: 58/19/23 Blend
64$15,800,000$15,800,000$15,800,000$15,800,000
65$17,417,532$16,580,132$16,335,232$18,319,690
66$19,157,804$17,356,242$16,846,146$19,711,354
67$21,074,440$18,169,238$17,373,032$21,223,760
68$23,185,393$19,020,891$17,916,388$22,871,988
69$25,510,446$19,913,057$18,476,730$24,669,175
70$28,071,398$20,847,684$19,054,588$26,629,769
71$30,892,273$21,826,813$19,650,509$28,769,662
72$33,999,541$22,852,583$20,265,057$31,106,333
73$37,422,373$23,927,238$20,898,815$33,659,011
74$41,192,912$25,053,129$21,552,382$36,448,855
75$45,346,580$26,232,724$22,226,378$39,499,142
76$49,922,410$27,468,606$22,921,440$42,835,488
77$54,963,414$28,763,486$23,638,227$46,486,082
78$60,516,992$30,120,207$24,377,417$50,481,947
79$66,635,375$31,541,747$25,139,711$54,857,227
80$73,376,121$33,031,230$25,925,829$59,649,506
81$80,802,658$34,591,932$26,736,516$64,900,153
82$88,984,879$36,227,287$27,572,540$70,654,710
83$97,999,808$37,940,896$28,434,691$76,963,312
84$107,932,322$39,736,533$29,323,787$83,881,156
85$118,875,952$41,618,157$30,240,667$91,469,013
86$130,933,771$43,589,919$31,186,202$99,793,796
87$144,219,361$45,656,170$32,161,284$108,929,182
88$158,857,886$47,821,472$33,166,838$118,956,301
89$174,987,278$50,090,612$34,203,814$129,964,492
90$192,759,533$52,468,605$35,273,195$142,052,139
91$212,342,150$54,960,711$36,375,991$155,327,590
92$233,919,710$57,572,446$37,513,248$169,910,169
93$257,695,619$60,309,595$38,686,040$185,931,294
94$283,894,028$63,178,221$39,895,478$203,535,705
95$312,761,948$66,184,683$41,142,706$222,882,823
96$344,571,585$69,335,650$42,428,904$244,148,240
97$379,622,903$72,638,114$43,755,290$267,525,364
98$418,246,464$76,099,406$45,123,117$293,227,236
99$460,806,542$79,727,216$46,533,680$321,488,528
100$507,704,565$83,529,605$47,988,313$352,567,738