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

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,196,427
2 years$621,387$609,814$598,598$587,724$577,176$561,439
3 years$410,143$398,520$387,333$376,560$366,184$350,842
4 years$304,542$292,955$281,879$271,291$261,166$246,336
5 years$241,198$229,680$218,750$208,377$198,534$184,260
6 years$198,982$187,551$176,782$166,641$157,093$143,392
7 years$168,840$157,505$146,907$137,005$127,759$114,636
8 years$146,243$135,011$124,589$114,930$105,988$93,442
9 years$128,678$117,551$107,308$97,895$89,257$77,282
10 years$114,633$103,616$93,554$84,386$76,052$64,639
11 years$103,150$92,243$82,363$73,441$65,407$54,546
12 years$93,587$82,792$73,095$64,418$56,680$46,360
13 years$85,502$74,820$65,306$56,871$49,426$39,632
14 years$78,578$68,009$58,678$50,484$43,327$34,045
15 years$72,583$62,128$52,978$45,023$38,148$29,363
16 years$67,342$57,001$48,032$40,313$33,716$25,410
17 years$62,722$52,496$43,707$36,221$29,895$22,053
18 years$58,621$48,509$39,899$32,642$26,581$19,186
19 years$54,955$44,957$36,526$29,495$23,692$16,727
20 years$51,660$41,776$33,522$26,714$21,162$14,609
21 years$48,683$38,913$30,833$24,244$18,938$12,779
22 years$45,980$36,324$28,418$22,044$16,975$11,193
23 years$43,515$33,973$26,239$20,076$15,238$9,815
24 years$41,260$31,831$24,266$18,310$13,696$8,616
25 years$39,188$29,871$22,476$16,722$12,324$7,570
26 years$37,279$28,074$20,845$15,290$11,101$6,656
27 years$35,514$26,421$19,356$13,995$10,009$5,856
28 years$33,877$24,897$17,994$12,822$9,031$5,155
29 years$32,357$23,487$16,745$11,758$8,155$4,541
30 years$30,941$22,181$15,598$10,791$7,368$4,002
31 years$29,618$20,968$14,541$9,911$6,662$3,528
32 years$28,381$19,840$13,567$9,108$6,026$3,111
33 years$27,221$18,789$12,668$8,376$5,454$2,744
34 years$26,132$17,808$11,836$7,707$4,938$2,422
35 years$25,107$16,890$11,066$7,094$4,472$2,137
36 years$24,141$16,032$10,352$6,534$4,052$1,887
37 years$23,230$15,226$9,689$6,020$3,672$1,666
38 years$22,368$14,470$9,073$5,549$3,329$1,471
39 years$21,553$13,760$8,501$5,116$3,019$1,299
40 years$20,781$13,091$7,968$4,719$2,739$1,148
41 years$20,048$12,462$7,471$4,354$2,485$1,014
42 years$19,352$11,868$7,008$4,018$2,254$896
43 years$18,690$11,308$6,576$3,709$2,046$792
44 years$18,060$10,779$6,173$3,425$1,857$699
45 years$17,459$10,279$5,796$3,163$1,686$618
46 years$16,887$9,805$5,444$2,922$1,531$546
47 years$16,340$9,357$5,115$2,699$1,390$483
48 years$15,818$8,933$4,806$2,494$1,262$427
49 years$15,318$8,530$4,518$2,305$1,147$377
50 years$14,841$8,149$4,247$2,131$1,041$333

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 $3,120 every year, while hoping to spend $29,846 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: 74/8/18 Blend
54$15,200,000$15,200,000$15,200,000$15,200,000
55$16,753,618$15,948,018$15,712,418$17,923,305
56$18,430,731$16,697,715$16,207,028$19,448,872
57$20,277,910$17,483,147$16,717,208$21,116,116
58$22,312,469$18,306,033$17,243,446$22,942,299
59$24,553,488$19,168,177$17,786,249$24,943,225
60$27,021,994$20,071,467$18,346,138$27,136,296
61$29,741,154$21,017,886$18,923,651$29,540,672
62$32,736,501$22,009,512$19,519,343$32,177,451
63$36,036,169$23,048,522$20,133,785$35,069,866
64$39,671,159$24,137,201$20,767,568$38,243,499
65$43,675,637$25,277,944$21,421,301$41,726,525
66$48,087,249$26,473,260$22,095,612$45,549,972
67$52,947,482$27,725,783$22,791,148$49,748,013
68$58,302,051$29,038,272$23,508,578$54,358,285
69$64,201,335$30,413,622$24,248,590$59,422,241
70$70,700,849$31,854,868$25,011,895$64,985,539
71$77,861,769$33,365,190$25,799,227$71,098,472
72$85,751,510$34,947,924$26,611,342$77,816,435
73$94,444,361$36,606,570$27,449,020$85,200,449
74$104,022,189$38,344,795$28,313,065$93,317,730
75$114,575,207$40,166,445$29,204,307$102,242,326
76$126,202,830$42,075,552$30,123,603$112,055,802
77$139,014,610$44,076,345$31,071,835$122,848,018
78$153,131,273$46,173,259$32,049,914$134,717,963
79$168,685,856$48,370,943$33,058,780$147,774,693
80$185,824,966$50,674,271$34,099,401$162,138,350
81$204,710,159$53,088,357$35,172,778$177,941,298
82$225,519,470$55,618,561$36,279,941$195,329,361
83$248,449,090$58,270,505$37,421,953$214,463,198
84$273,715,220$61,050,083$38,599,911$235,519,817
85$301,556,112$63,963,476$39,814,948$258,694,237
86$332,234,316$67,017,167$41,068,229$284,201,322
87$366,039,160$70,217,952$42,360,958$312,277,809
88$403,289,482$73,572,960$43,694,378$343,184,534
89$444,336,639$77,089,664$45,069,769$377,208,885
90$489,567,821$80,775,903$46,488,452$414,667,515
91$539,409,713$84,639,896$47,951,789$455,909,317
92$594,332,516$88,690,263$49,461,186$501,318,717
93$654,854,390$92,936,043$51,018,093$551,319,293
94$721,546,343$97,386,715$52,624,005$606,377,764
95$795,037,625$102,052,219$54,280,464$667,008,393
96$876,021,665$106,942,980$55,989,062$733,777,828
97$965,262,618$112,069,929$57,751,439$807,310,444
98$1,063,602,581$117,444,532$59,569,288$888,294,233
99$1,171,969,541$123,078,810$61,444,355$977,487,283
100$1,291,386,134$128,985,372$63,378,441$1,075,724,927