Can I retire at age 55 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,178,632
2 years$625,475$613,826$602,537$591,591$580,973$539,667
3 years$412,841$401,142$389,881$379,038$368,593$328,689
4 years$306,545$294,882$283,734$273,075$262,884$224,687
5 years$242,784$231,191$220,189$209,748$199,840$163,452
6 years$200,291$188,785$177,945$167,737$158,127$123,577
7 years$169,950$158,541$147,873$137,906$128,599$95,882
8 years$147,205$135,899$125,408$115,686$106,686$75,775
9 years$129,524$118,325$108,014$98,539$89,845$60,703
10 years$115,387$104,297$94,169$84,941$76,552$49,132
11 years$103,829$92,850$82,905$73,924$65,837$40,085
12 years$94,203$83,337$73,576$64,842$57,053$32,911
13 years$86,065$75,312$65,735$57,245$49,752$27,156
14 years$79,095$68,457$59,064$50,816$43,612$22,498
15 years$73,060$62,537$53,326$45,319$38,399$18,700
16 years$67,785$57,376$48,348$40,578$33,937$15,585
17 years$63,135$52,841$43,995$36,459$30,091$13,018
18 years$59,006$48,828$40,162$32,857$26,756$10,893
19 years$55,316$45,253$36,766$29,689$23,848$9,129
20 years$52,000$42,051$33,742$26,889$21,302$7,660
21 years$49,003$39,169$31,036$24,404$19,062$6,434
22 years$46,282$36,563$28,605$22,189$17,087$5,410
23 years$43,802$34,197$26,411$20,208$15,338$4,551
24 years$41,531$32,040$24,426$18,431$13,786$3,831
25 years$39,446$30,068$22,623$16,832$12,405$3,227
26 years$37,524$28,259$20,982$15,390$11,174$2,719
27 years$35,747$26,595$19,484$14,087$10,075$2,292
28 years$34,100$25,060$18,113$12,907$9,091$1,933
29 years$32,570$23,642$16,855$11,836$8,209$1,630
30 years$31,144$22,327$15,700$10,862$7,417$1,375
31 years$29,813$21,106$14,637$9,976$6,706$1,160
32 years$28,568$19,971$13,656$9,168$6,066$979
33 years$27,400$18,913$12,751$8,431$5,489$826
34 years$26,304$17,925$11,914$7,757$4,970$698
35 years$25,272$17,002$11,139$7,141$4,502$589
36 years$24,300$16,137$10,420$6,577$4,079$497
37 years$23,383$15,326$9,753$6,060$3,697$420
38 years$22,516$14,566$9,133$5,585$3,351$354
39 years$21,695$13,850$8,557$5,150$3,039$299
40 years$20,918$13,178$8,020$4,750$2,757$253
41 years$20,180$12,544$7,520$4,382$2,501$213
42 years$19,479$11,946$7,054$4,044$2,269$180
43 years$18,813$11,382$6,620$3,734$2,059$152
44 years$18,179$10,850$6,214$3,447$1,869$129
45 years$17,574$10,346$5,834$3,184$1,697$109
46 years$16,998$9,870$5,480$2,941$1,541$92
47 years$16,448$9,419$5,148$2,717$1,399$77
48 years$15,922$8,992$4,838$2,511$1,271$65
49 years$15,419$8,587$4,547$2,320$1,154$55
50 years$14,938$8,202$4,275$2,145$1,048$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $15,300,000, adding $5,800 every year, while hoping to spend $46,878 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: 72/23/5 Blend
54$15,300,000$15,300,000$15,300,000$15,300,000
55$16,866,583$16,055,683$15,818,533$18,073,282
56$18,537,096$16,792,533$16,298,576$19,606,146
57$20,376,431$17,563,918$16,793,129$21,277,352
58$22,401,758$18,371,481$17,302,629$23,105,635
59$24,631,995$19,216,942$17,827,526$25,106,448
60$27,087,993$20,102,107$18,368,282$27,296,791
61$29,792,724$21,028,865$18,925,376$29,695,374
62$32,771,503$21,999,201$19,499,297$32,322,785
63$36,052,225$23,015,190$20,090,552$35,201,685
64$39,665,628$24,079,011$20,699,661$38,357,016
65$43,645,585$25,192,945$21,327,163$41,816,232
66$48,029,421$26,359,385$21,973,609$45,609,554
67$52,858,265$27,580,838$22,639,568$49,770,251
68$58,177,441$28,859,933$23,325,627$54,334,948
69$64,036,894$30,199,423$24,032,389$59,343,970
70$70,491,660$31,602,198$24,760,476$64,841,714
71$77,602,386$33,071,282$25,510,529$70,877,063
72$85,435,905$34,609,850$26,283,207$77,503,845
73$94,065,861$36,221,228$27,079,189$84,781,330
74$103,573,412$37,908,901$27,899,175$92,774,788
75$114,047,987$39,676,524$28,743,884$101,556,097
76$125,588,136$41,527,928$29,614,059$111,204,412
77$138,302,459$43,467,130$30,510,463$121,806,910
78$152,310,630$45,498,339$31,433,883$133,459,601
79$167,744,525$47,625,968$32,385,130$146,268,228
80$184,749,472$49,854,646$33,365,036$160,349,259
81$203,485,615$52,189,221$34,374,463$175,830,976
82$224,129,434$54,634,779$35,414,293$192,854,675
83$246,875,403$57,196,650$36,485,439$211,575,995
84$271,937,832$59,880,423$37,588,838$232,166,374
85$299,552,884$62,691,957$38,725,457$254,814,658
86$329,980,809$65,637,393$39,896,291$279,728,872
87$363,508,398$68,723,173$41,102,364$307,138,177
88$400,451,693$71,956,046$42,344,731$337,295,014
89$441,158,964$75,343,091$43,624,479$370,477,482
90$486,014,006$78,891,730$44,942,725$406,991,944
91$535,439,751$82,609,741$46,300,624$447,175,911
92$589,902,271$86,505,284$47,699,360$491,401,211
93$649,915,169$90,586,909$49,140,154$540,077,486
94$716,044,432$94,863,584$50,624,266$593,656,042
95$788,913,776$99,344,711$52,152,990$652,634,093
96$869,210,525$104,040,146$53,727,660$717,559,440
97$957,692,111$108,960,226$55,349,649$789,035,622
98$1,055,193,215$114,115,785$57,020,371$867,727,599
99$1,162,633,652$119,518,188$58,741,282$954,368,004
100$1,281,027,051$125,179,346$60,513,882$1,049,764,044