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

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,213,401
2 years$637,739$625,862$614,351$603,190$592,365$561,760
3 years$420,936$409,008$397,526$386,470$375,821$346,132
4 years$312,556$300,664$289,297$278,430$268,038$239,495
5 years$247,545$235,724$224,506$213,861$203,758$176,440
6 years$204,218$192,487$181,434$171,026$161,227$135,161
7 years$173,283$161,650$150,773$140,610$131,121$106,309
8 years$150,092$138,564$127,867$117,954$108,777$85,210
9 years$132,064$120,645$110,132$100,471$91,606$69,264
10 years$117,650$106,342$96,016$86,607$78,053$56,910
11 years$105,864$94,670$84,531$75,374$67,128$47,154
12 years$96,050$84,971$75,019$66,113$58,172$39,332
13 years$87,752$76,789$67,024$58,368$50,727$32,985
14 years$80,646$69,799$60,222$51,813$44,467$27,784
15 years$74,493$63,763$54,372$46,208$39,152$23,488
16 years$69,114$58,501$49,296$41,374$34,603$19,916
17 years$64,373$53,877$44,858$37,174$30,681$16,930
18 years$60,163$49,785$40,949$33,501$27,280$14,421
19 years$56,401$46,140$37,487$30,271$24,316$12,306
20 years$53,019$42,876$34,404$27,417$21,719$10,517
21 years$49,964$39,937$31,645$24,882$19,436$8,999
22 years$47,190$37,280$29,166$22,624$17,422$7,708
23 years$44,661$34,867$26,929$20,604$15,639$6,609
24 years$42,346$32,668$24,905$18,792$14,057$5,671
25 years$40,219$30,657$23,067$17,162$12,649$4,869
26 years$38,260$28,813$21,394$15,692$11,394$4,183
27 years$36,448$27,116$19,866$14,363$10,272$3,595
28 years$34,769$25,552$18,468$13,160$9,269$3,091
29 years$33,209$24,105$17,186$12,068$8,369$2,659
30 years$31,755$22,765$16,008$11,075$7,562$2,288
31 years$30,398$21,520$14,924$10,172$6,837$1,969
32 years$29,128$20,362$13,924$9,348$6,185$1,695
33 years$27,937$19,284$13,001$8,596$5,597$1,460
34 years$26,819$18,277$12,147$7,909$5,068$1,257
35 years$25,768$17,335$11,357$7,281$4,590$1,083
36 years$24,776$16,453$10,624$6,706$4,159$933
37 years$23,841$15,627$9,944$6,178$3,769$803
38 years$22,957$14,851$9,312$5,695$3,417$692
39 years$22,120$14,122$8,725$5,251$3,099$596
40 years$21,328$13,436$8,177$4,843$2,811$514
41 years$20,576$12,790$7,668$4,468$2,550$443
42 years$19,861$12,181$7,193$4,124$2,314$382
43 years$19,182$11,606$6,749$3,807$2,100$329
44 years$18,535$11,063$6,335$3,515$1,906$284
45 years$17,919$10,549$5,949$3,246$1,730$244
46 years$17,331$10,063$5,587$2,998$1,571$211
47 years$16,770$9,604$5,249$2,770$1,427$182
48 years$16,234$9,168$4,933$2,560$1,296$156
49 years$15,722$8,755$4,636$2,366$1,177$135
50 years$15,231$8,363$4,359$2,187$1,069$116

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 $2,511 every year, while hoping to spend $28,070 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: 44/28/28 Blend
54$15,600,000$15,600,000$15,600,000$15,600,000
55$17,193,790$16,366,990$16,125,190$17,810,369
56$18,917,690$17,139,106$16,635,518$19,022,924
57$20,816,488$17,948,116$17,162,000$20,333,653
58$22,907,992$18,795,796$17,705,150$21,754,005
59$25,211,829$19,684,011$18,265,494$23,294,196
60$27,749,624$20,614,717$18,843,577$24,965,445
61$30,545,210$21,589,962$19,439,961$26,780,072
62$33,624,847$22,611,895$20,055,225$28,751,608
63$37,017,473$23,682,770$20,689,967$30,894,921
64$40,754,979$24,804,949$21,344,804$33,226,346
65$44,872,504$25,980,910$22,020,373$35,763,832
66$49,408,774$27,213,248$22,717,329$38,527,111
67$54,406,460$28,504,688$23,436,351$41,537,868
68$59,912,586$29,858,086$24,178,136$44,819,946
69$65,978,973$31,276,434$24,943,407$48,399,560
70$72,662,723$32,762,875$25,732,905$52,305,535
71$80,026,763$34,320,698$26,547,400$56,569,572
72$88,140,437$35,953,356$27,387,683$61,226,537
73$97,080,161$37,664,470$28,254,569$66,314,784
74$106,930,142$39,457,834$29,148,902$71,876,500
75$117,783,178$41,337,429$30,071,552$77,958,103
76$129,741,527$43,307,429$31,023,414$84,610,660
77$142,917,879$45,372,208$32,005,414$91,890,367
78$157,436,414$47,536,358$33,018,507$99,859,060
79$173,433,978$49,804,689$34,063,677$108,584,791
80$191,061,374$52,182,249$35,141,940$118,142,458
81$210,484,784$54,674,329$36,254,345$128,614,497
82$231,887,339$57,286,478$37,401,972$140,091,648
83$255,470,847$60,024,516$38,585,938$152,673,795
84$281,457,700$62,894,543$39,807,394$166,470,897
85$310,092,970$65,902,960$41,067,526$181,604,008
86$341,646,725$69,056,477$42,367,559$198,206,405
87$376,416,577$72,362,131$43,708,759$216,424,826
88$414,730,493$75,827,301$45,092,428$236,420,841
89$456,949,891$79,459,726$46,519,912$258,372,356
90$503,473,050$83,267,523$47,992,599$282,475,275
91$554,738,870$87,259,200$49,511,920$308,945,327
92$611,231,018$91,443,685$51,079,353$338,020,079
93$673,482,492$95,830,335$52,696,421$369,961,164
94$742,080,653$100,428,968$54,364,698$405,056,718
95$817,672,769$105,249,877$56,085,805$443,624,082
96$900,972,127$110,303,857$57,861,415$486,012,770
97$992,764,767$115,602,228$59,693,255$532,607,742
98$1,093,916,901$121,156,865$61,583,107$583,833,010
99$1,205,383,091$126,980,218$63,532,807$640,155,611
100$1,328,215,263$133,085,346$65,544,253$702,089,987