Can I retire at age 55 with 15,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,183,248
2 years$621,387$609,814$598,598$587,724$577,176$548,308
3 years$410,143$398,520$387,333$376,560$366,184$338,171
4 years$304,542$292,955$281,879$271,291$261,166$234,223
5 years$241,198$229,680$218,750$208,377$198,534$172,737
6 years$198,982$187,551$176,782$166,641$157,093$132,469
7 years$168,840$157,505$146,907$137,005$127,759$104,310
8 years$146,243$135,011$124,589$114,930$105,988$83,705
9 years$128,678$117,551$107,308$97,895$89,257$68,123
10 years$114,633$103,616$93,554$84,386$76,052$56,042
11 years$103,150$92,243$82,363$73,441$65,407$46,494
12 years$93,587$82,792$73,095$64,418$56,680$38,832
13 years$85,502$74,820$65,306$56,871$49,426$32,610
14 years$78,578$68,009$58,678$50,484$43,327$27,506
15 years$72,583$62,128$52,978$45,023$38,148$23,285
16 years$67,342$57,001$48,032$40,313$33,716$19,772
17 years$62,722$52,496$43,707$36,221$29,895$16,832
18 years$58,621$48,509$39,899$32,642$26,581$14,359
19 years$54,955$44,957$36,526$29,495$23,692$12,271
20 years$51,660$41,776$33,522$26,714$21,162$10,503
21 years$48,683$38,913$30,833$24,244$18,938$9,001
22 years$45,980$36,324$28,418$22,044$16,975$7,722
23 years$43,515$33,973$26,239$20,076$15,238$6,631
24 years$41,260$31,831$24,266$18,310$13,696$5,699
25 years$39,188$29,871$22,476$16,722$12,324$4,901
26 years$37,279$28,074$20,845$15,290$11,101$4,217
27 years$35,514$26,421$19,356$13,995$10,009$3,630
28 years$33,877$24,897$17,994$12,822$9,031$3,127
29 years$32,357$23,487$16,745$11,758$8,155$2,694
30 years$30,941$22,181$15,598$10,791$7,368$2,322
31 years$29,618$20,968$14,541$9,911$6,662$2,002
32 years$28,381$19,840$13,567$9,108$6,026$1,726
33 years$27,221$18,789$12,668$8,376$5,454$1,489
34 years$26,132$17,808$11,836$7,707$4,938$1,284
35 years$25,107$16,890$11,066$7,094$4,472$1,108
36 years$24,141$16,032$10,352$6,534$4,052$956
37 years$23,230$15,226$9,689$6,020$3,672$825
38 years$22,368$14,470$9,073$5,549$3,329$712
39 years$21,553$13,760$8,501$5,116$3,019$615
40 years$20,781$13,091$7,968$4,719$2,739$530
41 years$20,048$12,462$7,471$4,354$2,485$458
42 years$19,352$11,868$7,008$4,018$2,254$395
43 years$18,690$11,308$6,576$3,709$2,046$341
44 years$18,060$10,779$6,173$3,425$1,857$295
45 years$17,459$10,279$5,796$3,163$1,686$254
46 years$16,887$9,805$5,444$2,922$1,531$220
47 years$16,340$9,357$5,115$2,699$1,390$190
48 years$15,818$8,933$4,806$2,494$1,262$164
49 years$15,318$8,530$4,518$2,305$1,147$141
50 years$14,841$8,149$4,247$2,131$1,041$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $15,200,000, adding $3,813 every year, while hoping to spend $50,983 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: 77/10/13 Blend
54$15,200,000$15,200,000$15,200,000$15,200,000
55$16,754,333$15,948,733$15,713,133$18,000,537
56$18,409,030$16,675,976$16,185,278$19,549,443
57$20,230,796$17,437,144$16,671,530$21,240,612
58$22,236,621$18,233,847$17,172,310$23,093,646
59$24,445,221$19,067,771$17,688,047$25,124,662
60$26,877,224$19,940,681$18,219,186$27,351,407
61$29,555,356$20,854,430$18,766,184$29,793,423
62$32,504,662$21,810,957$19,329,512$32,472,228
63$35,752,739$22,812,296$19,909,652$35,411,518
64$39,329,997$23,860,577$20,507,104$38,637,386
65$43,269,946$24,958,034$21,122,381$42,178,571
66$47,609,510$26,107,008$21,756,011$46,066,722
67$52,389,380$27,309,951$22,408,537$50,336,696
68$57,654,393$28,569,435$23,080,519$55,026,886
69$63,453,959$29,888,155$23,772,534$60,179,576
70$69,842,522$31,268,934$24,485,174$65,841,343
71$76,880,082$32,714,734$25,219,049$72,063,489
72$84,632,751$34,228,657$25,974,788$78,902,526
73$93,173,387$35,813,956$26,753,039$86,420,703
74$102,582,272$37,474,040$27,554,465$94,686,591
75$112,947,877$39,212,481$28,379,753$103,775,728
76$124,367,694$41,033,026$29,229,608$113,771,327
77$136,949,154$42,939,600$30,104,756$124,765,058
78$150,810,646$44,936,319$31,005,943$136,857,911
79$166,082,630$47,027,496$31,933,940$150,161,143
80$182,908,869$49,217,654$32,889,538$164,797,323
81$201,447,787$51,511,533$33,873,551$180,901,487
82$221,873,965$53,914,102$34,886,819$198,622,409
83$244,379,786$56,430,569$35,930,203$218,123,995
84$269,177,253$59,066,395$37,004,594$239,586,832
85$296,499,989$61,827,305$38,110,904$263,209,882
86$326,605,444$64,719,299$39,250,076$289,212,358
87$359,777,323$67,748,669$40,423,077$317,835,784
88$396,328,264$70,922,008$41,630,905$349,346,273
89$436,602,792$74,246,231$42,874,584$384,037,031
90$480,980,566$77,728,586$44,155,173$422,231,117
91$529,879,969$81,376,671$45,473,756$464,284,489
92$583,762,051$85,198,454$46,831,452$510,589,354
93$643,134,887$89,202,284$48,229,412$561,577,863
94$708,558,369$93,396,920$49,668,821$617,726,186
95$780,649,493$97,791,539$51,150,897$679,558,996
96$860,088,184$102,395,768$52,676,895$747,654,415
97$947,623,714$107,219,696$54,248,106$822,649,462
98$1,044,081,774$112,273,901$55,865,858$905,246,058
99$1,150,372,269$117,569,477$57,531,519$996,217,643
100$1,267,497,911$123,118,052$59,246,496$1,096,416,466