Can I retire at age 66 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,149,571
2 years$613,211$601,790$590,722$579,991$569,581$523,246
3 years$404,746$393,277$382,236$371,606$361,366$316,703
4 years$300,535$289,100$278,170$267,721$257,729$215,079
5 years$238,024$226,658$215,871$205,635$195,922$155,393
6 years$196,364$185,083$174,456$164,448$155,026$116,646
7 years$166,618$155,433$144,974$135,202$126,078$89,834
8 years$144,319$133,234$122,949$113,418$104,594$70,450
9 years$126,984$116,005$105,896$96,607$88,083$55,989
10 years$113,125$102,252$92,323$83,276$75,051$44,945
11 years$101,793$91,029$81,280$72,475$64,546$36,361
12 years$92,356$81,703$72,133$63,570$55,935$29,595
13 years$84,377$73,836$64,446$56,123$48,776$24,203
14 years$77,544$67,114$57,905$49,820$42,757$19,871
15 years$71,628$61,310$52,281$44,430$37,646$16,364
16 years$66,456$56,251$47,400$39,783$33,272$13,510
17 years$61,897$51,805$43,132$35,744$29,501$11,177
18 years$57,849$47,870$39,374$32,213$26,231$9,262
19 years$54,232$44,366$36,045$29,107$23,380$7,686
20 years$50,980$41,227$33,081$26,362$20,884$6,386
21 years$48,042$38,401$30,428$23,925$18,689$5,310
22 years$45,375$35,846$28,044$21,754$16,752$4,419
23 years$42,943$33,526$25,894$19,811$15,037$3,680
24 years$40,717$31,412$23,947$18,069$13,516$3,066
25 years$38,672$29,478$22,180$16,502$12,162$2,556
26 years$36,788$27,705$20,571$15,088$10,955$2,131
27 years$35,046$26,074$19,102$13,811$9,877$1,778
28 years$33,432$24,569$17,757$12,654$8,912$1,483
29 years$31,931$23,178$16,525$11,604$8,048$1,238
30 years$30,534$21,889$15,392$10,649$7,272$1,033
31 years$29,228$20,693$14,350$9,780$6,574$862
32 years$28,007$19,579$13,389$8,989$5,947$720
33 years$26,863$18,542$12,501$8,266$5,382$601
34 years$25,788$17,574$11,680$7,605$4,873$502
35 years$24,776$16,668$10,920$7,001$4,413$419
36 years$23,823$15,821$10,216$6,448$3,999$350
37 years$22,924$15,026$9,562$5,941$3,624$292
38 years$22,074$14,280$8,954$5,476$3,286$244
39 years$21,270$13,579$8,389$5,049$2,980$204
40 years$20,507$12,919$7,863$4,657$2,703$170
41 years$19,784$12,298$7,373$4,297$2,452$142
42 years$19,097$11,712$6,916$3,965$2,225$119
43 years$18,444$11,159$6,490$3,660$2,019$99
44 years$17,822$10,637$6,092$3,380$1,833$83
45 years$17,230$10,143$5,720$3,121$1,664$69
46 years$16,665$9,676$5,372$2,883$1,511$58
47 years$16,125$9,234$5,047$2,664$1,372$48
48 years$15,610$8,815$4,743$2,461$1,246$40
49 years$15,117$8,418$4,458$2,275$1,131$34
50 years$14,645$8,041$4,191$2,103$1,028$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $15,000,000, adding $6,677 every year, while hoping to spend $48,398 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: 47/40/13 Blend
65$15,000,000$15,000,000$15,000,000$15,000,000
66$16,536,887$15,741,887$15,509,387$17,253,680
67$18,172,155$16,461,745$15,977,457$18,469,787
68$19,972,597$17,215,253$16,459,584$19,783,374
69$21,955,012$18,004,010$16,956,190$21,207,950
70$24,137,907$18,829,690$17,467,706$22,753,862
71$26,541,677$19,694,049$17,994,578$24,432,472
72$29,188,795$20,598,924$18,537,263$26,256,250
73$32,104,025$21,546,244$19,096,234$28,238,897
74$35,314,655$22,538,029$19,671,977$30,395,458
75$38,850,753$23,576,396$20,264,992$32,742,463
76$42,745,455$24,663,565$20,875,794$35,298,074
77$47,035,271$25,801,860$21,504,914$38,082,250
78$51,760,438$26,993,719$22,152,897$41,116,926
79$56,965,289$28,241,698$22,820,306$44,426,212
80$62,698,682$29,548,475$23,507,720$48,036,616
81$69,014,453$30,916,856$24,215,734$51,977,279
82$75,971,929$32,349,784$24,944,963$56,280,246
83$83,636,485$33,850,342$25,696,038$60,980,757
84$92,080,161$35,421,764$26,469,610$66,117,568
85$101,382,344$37,067,436$27,266,348$71,733,308
86$111,630,514$38,790,912$28,086,942$77,874,870
87$122,921,074$40,595,914$28,932,102$84,593,844
88$135,360,255$42,486,345$29,802,559$91,946,985
89$149,065,121$44,466,296$30,699,065$99,996,744
90$164,164,674$46,540,056$31,622,394$108,811,841
91$180,801,072$48,712,119$32,573,345$118,467,897
92$199,130,967$50,987,198$33,552,738$129,048,138
93$219,326,989$53,370,235$34,561,418$140,644,163
94$241,579,373$55,866,407$35,600,256$153,356,790
95$266,097,752$58,481,144$36,670,148$167,296,998
96$293,113,140$61,220,138$37,772,015$182,586,949
97$322,880,110$64,089,354$38,906,808$199,361,129
98$355,679,199$67,095,050$40,075,503$217,767,594
99$391,819,552$70,243,782$41,279,107$237,969,352
100$431,641,844$73,542,426$42,518,656$260,145,876