Can I retire at age 55 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,229,952
2 years$637,739$625,862$614,351$603,190$592,365$578,257
3 years$420,936$409,008$397,526$386,470$375,821$362,056
4 years$312,556$300,664$289,297$278,430$268,038$254,724
5 years$247,545$235,724$224,506$213,861$203,758$190,933
6 years$204,218$192,487$181,434$171,026$161,227$148,906
7 years$173,283$161,650$150,773$140,610$131,121$119,310
8 years$150,092$138,564$127,867$117,954$108,777$97,475
9 years$132,064$120,645$110,132$100,471$91,606$80,808
10 years$117,650$106,342$96,016$86,607$78,053$67,752
11 years$105,864$94,670$84,531$75,374$67,128$57,316
12 years$96,050$84,971$75,019$66,113$58,172$48,838
13 years$87,752$76,789$67,024$58,368$50,727$41,859
14 years$80,646$69,799$60,222$51,813$44,467$36,054
15 years$74,493$63,763$54,372$46,208$39,152$31,180
16 years$69,114$58,501$49,296$41,374$34,603$27,058
17 years$64,373$53,877$44,858$37,174$30,681$23,549
18 years$60,163$49,785$40,949$33,501$27,280$20,546
19 years$56,401$46,140$37,487$30,271$24,316$17,964
20 years$53,019$42,876$34,404$27,417$21,719$15,736
21 years$49,964$39,937$31,645$24,882$19,436$13,806
22 years$47,190$37,280$29,166$22,624$17,422$12,130
23 years$44,661$34,867$26,929$20,604$15,639$10,669
24 years$42,346$32,668$24,905$18,792$14,057$9,395
25 years$40,219$30,657$23,067$17,162$12,649$8,280
26 years$38,260$28,813$21,394$15,692$11,394$7,303
27 years$36,448$27,116$19,866$14,363$10,272$6,446
28 years$34,769$25,552$18,468$13,160$9,269$5,693
29 years$33,209$24,105$17,186$12,068$8,369$5,031
30 years$31,755$22,765$16,008$11,075$7,562$4,448
31 years$30,398$21,520$14,924$10,172$6,837$3,934
32 years$29,128$20,362$13,924$9,348$6,185$3,481
33 years$27,937$19,284$13,001$8,596$5,597$3,081
34 years$26,819$18,277$12,147$7,909$5,068$2,728
35 years$25,768$17,335$11,357$7,281$4,590$2,416
36 years$24,776$16,453$10,624$6,706$4,159$2,140
37 years$23,841$15,627$9,944$6,178$3,769$1,896
38 years$22,957$14,851$9,312$5,695$3,417$1,680
39 years$22,120$14,122$8,725$5,251$3,099$1,489
40 years$21,328$13,436$8,177$4,843$2,811$1,319
41 years$20,576$12,790$7,668$4,468$2,550$1,170
42 years$19,861$12,181$7,193$4,124$2,314$1,037
43 years$19,182$11,606$6,749$3,807$2,100$919
44 years$18,535$11,063$6,335$3,515$1,906$815
45 years$17,919$10,549$5,949$3,246$1,730$723
46 years$17,331$10,063$5,587$2,998$1,571$641
47 years$16,770$9,604$5,249$2,770$1,427$569
48 years$16,234$9,168$4,933$2,560$1,296$504
49 years$15,722$8,755$4,636$2,366$1,177$447
50 years$15,231$8,363$4,359$2,187$1,069$397

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $15,600,000, adding $4,916 every year, while hoping to spend $37,995 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: 46/41/13 Blend
54$15,600,000$15,600,000$15,600,000$15,600,000
55$17,196,271$16,369,471$16,127,671$17,923,951
56$18,909,864$17,131,149$16,627,521$19,190,600
57$20,796,970$17,928,875$17,142,844$20,559,633
58$22,875,248$18,764,377$17,674,115$22,043,967
59$25,164,155$19,639,463$18,221,830$23,654,310
60$27,685,133$20,556,030$18,786,496$25,402,416
61$30,461,809$21,516,068$19,368,636$27,301,188
62$33,520,219$22,521,661$19,968,790$29,364,793
63$36,889,053$23,574,994$20,587,516$31,608,788
64$40,599,926$24,678,358$21,225,388$34,050,264
65$44,687,675$25,834,155$21,882,995$36,707,992
66$49,190,692$27,044,903$22,560,950$39,602,598
67$54,151,280$28,313,240$23,259,879$42,756,748
68$59,616,057$29,641,935$23,980,431$46,195,348
69$65,636,394$31,033,889$24,723,274$49,945,779
70$72,268,899$32,492,142$25,489,097$54,038,137
71$79,575,953$34,019,884$26,278,609$58,505,511
72$87,626,300$35,620,458$27,092,541$63,384,284
73$96,495,690$37,297,368$27,931,649$68,714,465
74$106,267,601$39,054,289$28,796,710$74,540,055
75$117,034,021$40,895,074$29,688,524$80,909,451
76$128,896,320$42,823,762$30,607,919$87,875,886
77$141,966,206$44,844,588$31,555,745$95,497,924
78$156,366,778$46,961,991$32,532,881$103,839,993
79$172,233,689$49,180,628$33,540,232$112,972,983
80$189,716,425$51,505,380$34,578,731$122,974,898
81$208,979,721$53,941,363$35,649,338$133,931,572
82$230,205,107$56,493,945$36,753,046$145,937,471
83$253,592,631$59,168,751$37,890,876$159,096,558
84$279,362,740$61,971,680$39,063,881$173,523,263
85$307,758,365$64,908,919$40,273,147$189,343,538
86$339,047,214$67,986,952$41,519,793$206,696,029
87$373,524,297$71,212,579$42,804,973$225,733,363
88$411,514,712$74,592,932$44,129,876$246,623,564
89$453,376,713$78,135,486$45,495,727$269,551,622
90$499,505,095$81,848,082$46,903,791$294,721,205
91$550,334,916$85,738,940$48,355,370$322,356,564
92$606,345,609$89,816,679$49,851,806$352,704,622
93$668,065,503$94,090,338$51,394,483$386,037,273
94$736,076,814$98,569,395$52,984,829$422,653,922
95$811,021,141$103,263,787$54,624,312$462,884,279
96$893,605,521$108,183,936$56,314,450$507,091,443
97$984,609,105$113,340,770$58,056,805$555,675,290
98$1,084,890,513$118,745,746$59,852,987$609,076,218
99$1,195,395,939$124,410,882$61,704,656$667,779,262
100$1,317,168,087$130,348,777$63,613,524$732,318,640