Can I retire at age 55 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,191,664
2 years$633,651$621,850$610,413$599,324$588,568$544,387
3 years$418,238$406,386$394,978$383,993$373,411$330,768
4 years$310,552$298,737$287,443$276,645$266,320$225,539
5 years$245,958$234,213$223,067$212,490$202,452$163,640
6 years$202,909$191,253$180,271$169,930$160,194$123,379
7 years$172,172$160,614$149,806$139,709$130,280$95,455
8 years$149,130$137,676$127,048$117,198$108,080$75,214
9 years$131,217$119,871$109,426$99,827$91,019$60,070
10 years$116,896$105,661$95,400$86,052$77,553$48,467
11 years$105,186$94,064$83,989$74,891$66,698$39,414
12 years$95,434$84,426$74,538$65,689$57,799$32,252
13 years$87,190$76,297$66,595$57,994$50,402$26,522
14 years$80,129$69,352$59,836$51,480$44,182$21,896
15 years$74,015$63,354$54,024$45,911$38,901$18,135
16 years$68,671$58,126$48,980$41,109$34,381$15,060
17 years$63,960$53,532$44,570$36,936$30,485$12,533
18 years$59,778$49,466$40,687$33,287$27,106$10,448
19 years$56,040$45,845$37,247$30,077$24,160$8,723
20 years$52,680$42,601$34,183$27,241$21,580$7,291
21 years$49,644$39,681$31,442$24,723$19,312$6,101
22 years$46,887$37,041$28,979$22,479$17,310$5,109
23 years$44,374$34,644$26,757$20,472$15,539$4,282
24 years$42,074$32,459$24,745$18,671$13,966$3,590
25 years$39,961$30,461$22,919$17,052$12,568$3,012
26 years$38,014$28,628$21,256$15,591$11,320$2,528
27 years$36,214$26,943$19,738$14,271$10,206$2,122
28 years$34,546$25,388$18,349$13,075$9,209$1,782
29 years$32,996$23,951$17,076$11,990$8,316$1,497
30 years$31,551$22,619$15,905$11,004$7,514$1,258
31 years$30,203$21,382$14,828$10,106$6,793$1,057
32 years$28,941$20,232$13,835$9,288$6,145$888
33 years$27,758$19,160$12,918$8,541$5,561$747
34 years$26,647$18,159$12,070$7,859$5,035$628
35 years$25,602$17,224$11,284$7,234$4,560$528
36 years$24,618$16,348$10,556$6,663$4,132$444
37 years$23,688$15,527$9,880$6,139$3,745$373
38 years$22,810$14,756$9,252$5,658$3,395$314
39 years$21,979$14,031$8,669$5,217$3,079$264
40 years$21,191$13,350$8,125$4,812$2,793$222
41 years$20,444$12,708$7,619$4,440$2,534$186
42 years$19,734$12,102$7,147$4,097$2,299$157
43 years$19,059$11,531$6,706$3,782$2,086$132
44 years$18,416$10,992$6,295$3,492$1,894$111
45 years$17,804$10,482$5,911$3,225$1,719$93
46 years$17,220$9,999$5,551$2,979$1,561$78
47 years$16,663$9,542$5,216$2,752$1,417$66
48 years$16,130$9,109$4,901$2,543$1,287$55
49 years$15,621$8,699$4,607$2,351$1,169$47
50 years$15,133$8,309$4,331$2,173$1,062$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $15,500,000, adding $4,117 every year, while hoping to spend $28,435 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: 53/21/26 Blend
54$15,500,000$15,500,000$15,500,000$15,500,000
55$17,085,247$16,263,747$16,023,497$17,866,913
56$18,797,687$17,030,416$16,530,029$19,174,602
57$20,683,844$17,833,698$17,052,578$20,593,669
58$22,761,405$18,675,359$17,591,648$22,137,425
59$25,049,864$19,557,247$18,147,764$23,817,801
60$27,570,699$20,481,301$18,721,463$25,647,915
61$30,347,581$21,449,556$19,313,303$27,642,189
62$33,406,592$22,464,141$19,923,856$29,816,481
63$36,776,474$23,527,294$20,553,715$32,188,230
64$40,488,900$24,641,357$21,203,490$34,776,614
65$44,578,772$25,808,788$21,873,811$37,602,729
66$49,084,551$27,032,162$22,565,328$40,689,781
67$54,048,620$28,314,183$23,278,711$44,063,300
68$59,517,683$29,657,682$24,014,652$47,751,373
69$65,543,208$31,065,630$24,773,864$51,784,907
70$72,181,911$32,541,141$25,557,084$56,197,911
71$79,496,290$34,087,481$26,365,071$61,027,812
72$87,555,218$35,708,075$27,198,607$66,315,800
73$96,434,591$37,406,511$28,058,501$72,107,212
74$106,218,046$39,186,557$28,945,588$78,451,950
75$116,997,747$41,052,159$29,860,726$85,404,945
76$128,875,261$43,007,458$30,804,803$93,026,667
77$141,962,508$45,056,794$31,778,735$101,383,687
78$156,382,827$47,204,720$32,783,466$110,549,300
79$172,272,133$49,456,009$33,819,969$120,604,201
80$189,780,203$51,815,666$34,889,251$131,637,242
81$209,072,090$54,288,940$35,992,347$143,746,259
82$230,329,681$56,881,336$37,130,328$157,038,984
83$253,753,411$59,598,624$38,304,297$171,634,052
84$279,564,160$62,446,857$39,515,392$187,662,110
85$308,005,334$65,432,383$40,764,787$205,267,034
86$339,345,165$68,561,857$42,053,694$224,607,281
87$373,879,242$71,842,258$43,383,364$245,857,366
88$411,933,303$75,280,907$44,755,084$269,209,498
89$453,866,307$78,885,478$46,170,187$294,875,379
90$500,073,825$82,664,021$47,630,043$323,088,189
91$550,991,774$86,624,978$49,136,068$354,104,770
92$607,100,533$90,777,199$50,689,724$388,208,033
93$668,929,474$95,129,969$52,292,517$425,709,615
94$737,061,964$99,693,021$53,946,000$466,952,799
95$812,140,872$104,476,567$55,651,779$512,315,739
96$894,874,634$109,491,312$57,411,506$562,215,008
97$986,043,945$114,748,484$59,226,890$617,109,511
98$1,086,509,126$120,259,858$61,099,689$677,504,793
99$1,197,218,250$126,037,784$63,031,722$743,957,796
100$1,319,216,087$132,095,212$65,024,861$817,082,085