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

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,213,882
2 years$625,475$613,826$602,537$591,591$580,973$574,755
3 years$412,841$401,142$389,881$379,038$368,593$362,510
4 years$306,545$294,882$283,734$273,075$262,884$256,983
5 years$242,784$231,191$220,189$209,748$199,840$194,140
6 years$200,291$188,785$177,945$167,737$158,127$152,634
7 years$169,950$158,541$147,873$137,906$128,599$123,316
8 years$147,205$135,899$125,408$115,686$106,686$101,613
9 years$129,524$118,325$108,014$98,539$89,845$84,981
10 years$115,387$104,297$94,169$84,941$76,552$71,896
11 years$103,829$92,850$82,905$73,924$65,837$61,385
12 years$94,203$83,337$73,576$64,842$57,053$52,801
13 years$86,065$75,312$65,735$57,245$49,752$45,696
14 years$79,095$68,457$59,064$50,816$43,612$39,748
15 years$73,060$62,537$53,326$45,319$38,399$34,722
16 years$67,785$57,376$48,348$40,578$33,937$30,442
17 years$63,135$52,841$43,995$36,459$30,091$26,772
18 years$59,006$48,828$40,162$32,857$26,756$23,607
19 years$55,316$45,253$36,766$29,689$23,848$20,865
20 years$52,000$42,051$33,742$26,889$21,302$18,477
21 years$49,003$39,169$31,036$24,404$19,062$16,392
22 years$46,282$36,563$28,605$22,189$17,087$14,564
23 years$43,802$34,197$26,411$20,208$15,338$12,957
24 years$41,531$32,040$24,426$18,431$13,786$11,542
25 years$39,446$30,068$22,623$16,832$12,405$10,291
26 years$37,524$28,259$20,982$15,390$11,174$9,185
27 years$35,747$26,595$19,484$14,087$10,075$8,204
28 years$34,100$25,060$18,113$12,907$9,091$7,333
29 years$32,570$23,642$16,855$11,836$8,209$6,559
30 years$31,144$22,327$15,700$10,862$7,417$5,870
31 years$29,813$21,106$14,637$9,976$6,706$5,256
32 years$28,568$19,971$13,656$9,168$6,066$4,708
33 years$27,400$18,913$12,751$8,431$5,489$4,219
34 years$26,304$17,925$11,914$7,757$4,970$3,782
35 years$25,272$17,002$11,139$7,141$4,502$3,392
36 years$24,300$16,137$10,420$6,577$4,079$3,043
37 years$23,383$15,326$9,753$6,060$3,697$2,730
38 years$22,516$14,566$9,133$5,585$3,351$2,450
39 years$21,695$13,850$8,557$5,150$3,039$2,199
40 years$20,918$13,178$8,020$4,750$2,757$1,975
41 years$20,180$12,544$7,520$4,382$2,501$1,773
42 years$19,479$11,946$7,054$4,044$2,269$1,592
43 years$18,813$11,382$6,620$3,734$2,059$1,430
44 years$18,179$10,850$6,214$3,447$1,869$1,285
45 years$17,574$10,346$5,834$3,184$1,697$1,154
46 years$16,998$9,870$5,480$2,941$1,541$1,037
47 years$16,448$9,419$5,148$2,717$1,399$932
48 years$15,922$8,992$4,838$2,511$1,271$838
49 years$15,419$8,587$4,547$2,320$1,154$753
50 years$14,938$8,202$4,275$2,145$1,048$677

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 $6,902 every year, while hoping to spend $27,909 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: 51/34/15 Blend
54$15,300,000$15,300,000$15,300,000$15,300,000
55$16,867,719$16,056,819$15,819,669$17,658,740
56$18,558,532$16,813,909$16,319,933$18,959,301
57$20,420,872$17,607,160$16,836,021$20,368,970
58$22,472,205$18,438,315$17,368,432$21,900,908
59$24,731,780$19,309,202$17,917,684$23,566,666
60$27,220,804$20,221,736$18,484,310$25,378,929
61$29,962,650$21,177,925$19,068,858$27,351,633
62$32,983,073$22,179,875$19,671,897$29,500,093
63$36,310,451$23,229,794$20,294,010$31,841,136
64$39,976,060$24,329,997$20,935,802$34,393,260
65$44,014,362$25,482,911$21,597,896$37,176,794
66$48,463,334$26,691,081$22,280,933$40,214,090
67$53,364,826$27,957,176$22,985,576$43,529,723
68$58,764,955$29,283,994$23,712,509$47,150,716
69$64,714,539$30,674,469$24,462,437$51,106,786
70$71,269,582$32,131,677$25,236,088$55,430,617
71$78,491,794$33,658,844$26,034,212$60,158,160
72$86,449,183$35,259,353$26,857,584$65,328,963
73$95,216,689$36,936,751$27,707,002$70,986,531
74$104,876,896$38,694,756$28,583,291$77,178,735
75$115,520,809$40,537,269$29,487,302$83,958,242
76$127,248,715$42,468,379$30,419,910$91,383,011
77$140,171,129$44,492,374$31,382,021$99,516,824
78$154,409,834$46,613,751$32,374,569$108,429,873
79$170,099,037$48,837,224$33,398,517$118,199,417
80$187,386,629$51,167,739$34,454,858$128,910,491
81$206,435,587$53,610,480$35,544,617$140,656,699
82$227,425,508$56,170,884$36,668,853$153,541,082
83$250,554,305$58,854,653$37,828,655$167,677,075
84$276,040,079$61,667,765$39,025,149$183,189,560
85$304,123,172$64,616,491$40,259,497$200,216,032
86$335,068,442$67,707,406$41,532,897$218,907,876
87$369,167,757$70,947,403$42,846,583$239,431,780
88$406,742,756$74,343,714$44,201,832$261,971,286
89$448,147,882$77,903,920$45,599,957$286,728,509
90$493,773,727$81,635,973$47,042,317$313,926,014
91$544,050,724$85,548,212$48,530,311$343,808,905
92$599,453,204$89,649,381$50,065,383$376,647,109
93$660,503,881$93,948,651$51,649,023$412,737,902
94$727,778,780$98,455,638$53,282,769$452,408,691
95$801,912,679$103,180,428$54,968,205$496,020,077
96$883,605,100$108,133,596$56,706,968$543,969,232
97$973,626,914$113,326,237$58,500,745$596,693,618
98$1,072,827,617$118,769,980$60,351,278$654,675,087
99$1,182,143,351$124,477,026$62,260,362$718,444,400
100$1,302,605,740$130,460,167$64,229,852$788,586,201