Can I retire at age 67 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%19.5%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,150,481
2 years$613,211$601,790$590,722$579,991$569,581$524,137
3 years$404,746$393,277$382,236$371,606$361,366$317,547
4 years$300,535$289,100$278,170$267,721$257,729$215,870
5 years$238,024$226,658$215,871$205,635$195,922$156,129
6 years$196,364$185,083$174,456$164,448$155,026$117,328
7 years$166,618$155,433$144,974$135,202$126,078$90,462
8 years$144,319$133,234$122,949$113,418$104,594$71,027
9 years$126,984$116,005$105,896$96,607$88,083$56,517
10 years$113,125$102,252$92,323$83,276$75,051$45,427
11 years$101,793$91,029$81,280$72,475$64,546$36,799
12 years$92,356$81,703$72,133$63,570$55,935$29,991
13 years$84,377$73,836$64,446$56,123$48,776$24,561
14 years$77,544$67,114$57,905$49,820$42,757$20,193
15 years$71,628$61,310$52,281$44,430$37,646$16,653
16 years$66,456$56,251$47,400$39,783$33,272$13,769
17 years$61,897$51,805$43,132$35,744$29,501$11,408
18 years$57,849$47,870$39,374$32,213$26,231$9,468
19 years$54,232$44,366$36,045$29,107$23,380$7,869
20 years$50,980$41,227$33,081$26,362$20,884$6,547
21 years$48,042$38,401$30,428$23,925$18,689$5,453
22 years$45,375$35,846$28,044$21,754$16,752$4,545
23 years$42,943$33,526$25,894$19,811$15,037$3,791
24 years$40,717$31,412$23,947$18,069$13,516$3,163
25 years$38,672$29,478$22,180$16,502$12,162$2,641
26 years$36,788$27,705$20,571$15,088$10,955$2,206
27 years$35,046$26,074$19,102$13,811$9,877$1,843
28 years$33,432$24,569$17,757$12,654$8,912$1,540
29 years$31,931$23,178$16,525$11,604$8,048$1,287
30 years$30,534$21,889$15,392$10,649$7,272$1,076
31 years$29,228$20,693$14,350$9,780$6,574$900
32 years$28,007$19,579$13,389$8,989$5,947$753
33 years$26,863$18,542$12,501$8,266$5,382$629
34 years$25,788$17,574$11,680$7,605$4,873$527
35 years$24,776$16,668$10,920$7,001$4,413$440
36 years$23,823$15,821$10,216$6,448$3,999$368
37 years$22,924$15,026$9,562$5,941$3,624$308
38 years$22,074$14,280$8,954$5,476$3,286$258
39 years$21,270$13,579$8,389$5,049$2,980$216
40 years$20,507$12,919$7,863$4,657$2,703$181
41 years$19,784$12,298$7,373$4,297$2,452$151
42 years$19,097$11,712$6,916$3,965$2,225$126
43 years$18,444$11,159$6,490$3,660$2,019$106
44 years$17,822$10,637$6,092$3,380$1,833$88
45 years$17,230$10,143$5,720$3,121$1,664$74
46 years$16,665$9,676$5,372$2,883$1,511$62
47 years$16,125$9,234$5,047$2,664$1,372$52
48 years$15,610$8,815$4,743$2,461$1,246$43
49 years$15,117$8,418$4,458$2,275$1,131$36
50 years$14,645$8,041$4,191$2,103$1,028$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $15,000,000, adding $5,428 every year, while hoping to spend $43,221 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: 66/29/5 Blend
66$15,000,000$15,000,000$15,000,000$15,000,000
67$16,535,599$15,740,599$15,508,099$17,616,035
68$18,176,243$16,465,902$15,981,633$19,058,714
69$19,982,785$17,225,295$16,469,583$20,628,999
70$21,972,099$18,020,405$16,972,384$22,343,854
71$24,162,782$18,852,934$17,490,488$24,217,346
72$26,575,325$19,724,667$18,024,359$26,264,947
73$29,232,308$20,637,475$18,574,474$28,503,673
74$32,158,611$21,593,319$19,141,327$30,952,242
75$35,381,652$22,594,255$19,725,424$33,631,247
76$38,931,644$23,642,437$20,327,289$36,563,346
77$42,841,878$24,740,123$20,947,460$39,773,466
78$47,149,042$25,889,680$21,586,491$43,289,040
79$51,893,560$27,093,591$22,244,955$47,140,256
80$57,119,982$28,354,455$22,923,440$51,360,335
81$62,877,397$29,675,001$23,622,552$55,985,842
82$69,219,901$31,058,085$24,342,917$61,057,025
83$76,207,104$32,506,704$25,085,178$66,618,185
84$83,904,695$34,023,999$25,849,997$72,718,087
85$92,385,060$35,613,262$26,638,059$79,410,417
86$101,727,969$37,277,944$27,450,067$86,754,279
87$112,021,323$39,021,665$28,286,745$94,814,745
88$123,361,988$40,848,216$29,148,841$103,663,458
89$135,856,707$42,761,575$30,037,123$113,379,306
90$149,623,109$44,765,910$30,952,385$124,049,152
91$164,790,818$46,865,591$31,895,441$135,768,645
92$181,502,677$49,065,201$32,867,134$148,643,116
93$199,916,096$51,369,542$33,868,330$162,788,558
94$220,204,539$53,783,650$34,899,920$178,332,713
95$242,559,159$56,312,806$35,962,823$195,416,265
96$267,190,603$58,962,543$37,057,988$214,194,154
97$294,331,002$61,738,665$38,186,388$234,837,031
98$324,236,161$64,647,257$39,349,029$257,532,850
99$357,187,973$67,694,696$40,546,945$282,488,631
100$393,497,082$70,887,672$41,781,203$309,932,402