Can I retire at age 75 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%14.9%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,171,971
2 years$613,211$601,790$590,722$579,991$569,581$545,356
3 years$404,746$393,277$382,236$371,606$361,366$337,821
4 years$300,535$289,100$278,170$267,721$257,729$235,047
5 years$238,024$226,658$215,871$205,635$195,922$174,166
6 years$196,364$185,083$174,456$164,448$155,026$134,221
7 years$166,618$155,433$144,974$135,202$126,078$106,227
8 years$144,319$133,234$122,949$113,418$104,594$85,692
9 years$126,984$116,005$105,896$96,607$88,083$70,118
10 years$113,125$102,252$92,323$83,276$75,051$58,005
11 years$101,793$91,029$81,280$72,475$64,546$48,398
12 years$92,356$81,703$72,133$63,570$55,935$40,660
13 years$84,377$73,836$64,446$56,123$48,776$34,350
14 years$77,544$67,114$57,905$49,820$42,757$29,152
15 years$71,628$61,310$52,281$44,430$37,646$24,834
16 years$66,456$56,251$47,400$39,783$33,272$21,222
17 years$61,897$51,805$43,132$35,744$29,501$18,184
18 years$57,849$47,870$39,374$32,213$26,231$15,615
19 years$54,232$44,366$36,045$29,107$23,380$13,434
20 years$50,980$41,227$33,081$26,362$20,884$11,577
21 years$48,042$38,401$30,428$23,925$18,689$9,989
22 years$45,375$35,846$28,044$21,754$16,752$8,630
23 years$42,943$33,526$25,894$19,811$15,037$7,463
24 years$40,717$31,412$23,947$18,069$13,516$6,459
25 years$38,672$29,478$22,180$16,502$12,162$5,595
26 years$36,788$27,705$20,571$15,088$10,955$4,849
27 years$35,046$26,074$19,102$13,811$9,877$4,205
28 years$33,432$24,569$17,757$12,654$8,912$3,649
29 years$31,931$23,178$16,525$11,604$8,048$3,167
30 years$30,534$21,889$15,392$10,649$7,272$2,750
31 years$29,228$20,693$14,350$9,780$6,574$2,388
32 years$28,007$19,579$13,389$8,989$5,947$2,075
33 years$26,863$18,542$12,501$8,266$5,382$1,803
34 years$25,788$17,574$11,680$7,605$4,873$1,567
35 years$24,776$16,668$10,920$7,001$4,413$1,362
36 years$23,823$15,821$10,216$6,448$3,999$1,184
37 years$22,924$15,026$9,562$5,941$3,624$1,030
38 years$22,074$14,280$8,954$5,476$3,286$896
39 years$21,270$13,579$8,389$5,049$2,980$779
40 years$20,507$12,919$7,863$4,657$2,703$678
41 years$19,784$12,298$7,373$4,297$2,452$589
42 years$19,097$11,712$6,916$3,965$2,225$513
43 years$18,444$11,159$6,490$3,660$2,019$446
44 years$17,822$10,637$6,092$3,380$1,833$388
45 years$17,230$10,143$5,720$3,121$1,664$338
46 years$16,665$9,676$5,372$2,883$1,511$294
47 years$16,125$9,234$5,047$2,664$1,372$256
48 years$15,610$8,815$4,743$2,461$1,246$222
49 years$15,117$8,418$4,458$2,275$1,131$194
50 years$14,645$8,041$4,191$2,103$1,028$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $15,000,000, adding $5,259 every year, while hoping to spend $59,363 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: 51/19/30 Blend
74$15,000,000$15,000,000$15,000,000$15,000,000
75$16,535,425$15,740,425$15,507,925$17,238,308
76$18,158,876$16,448,544$15,964,278$18,438,244
77$19,945,930$17,189,371$16,433,930$19,736,016
78$21,913,211$17,964,447$16,917,263$21,146,151
79$24,079,038$18,775,384$17,414,671$22,679,390
80$26,463,596$19,623,873$17,926,558$24,347,538
81$29,089,127$20,511,687$18,453,342$26,163,579
82$31,980,138$21,440,680$18,995,449$28,141,788
83$35,163,635$22,412,796$19,553,320$30,297,869
84$38,669,378$23,430,075$20,127,408$32,649,093
85$42,530,156$24,494,651$20,718,178$35,214,458
86$46,782,103$25,608,760$21,326,108$38,014,867
87$51,465,036$26,774,748$21,951,691$41,073,318
88$56,622,830$27,995,070$22,595,433$44,415,116
89$62,303,832$29,272,302$23,257,853$48,068,107
90$68,561,319$30,609,141$23,939,487$52,062,938
91$75,453,998$32,008,413$24,640,884$56,433,338
92$83,046,562$33,473,081$25,362,610$61,216,431
93$91,410,299$35,006,251$26,105,246$66,453,082
94$100,623,767$36,611,174$26,869,389$72,188,276
95$110,773,532$38,291,262$27,655,654$78,471,535
96$121,954,986$40,050,088$28,464,672$85,357,379
97$134,273,249$41,891,397$29,297,093$92,905,837
98$147,844,158$43,819,113$30,153,584$101,183,000
99$162,795,364$45,837,352$31,034,831$110,261,643
100$179,267,533$47,950,423$31,941,539$120,221,902