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%20%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,194,139
2 years$637,739$625,862$614,351$603,190$592,365$542,790
3 years$420,936$409,008$397,526$386,470$375,821$328,060
4 years$312,556$300,664$289,297$278,430$268,038$222,455
5 years$247,545$235,724$224,506$213,861$203,758$160,468
6 years$204,218$192,487$181,434$171,026$161,227$120,257
7 years$173,283$161,650$150,773$140,610$131,121$92,455
8 years$150,092$138,564$127,867$117,954$108,777$72,376
9 years$132,064$120,645$110,132$100,471$91,606$57,414
10 years$117,650$106,342$96,016$86,607$78,053$46,002
11 years$105,864$94,670$84,531$75,374$67,128$37,142
12 years$96,050$84,971$75,019$66,113$58,172$30,170
13 years$87,752$76,789$67,024$58,368$50,727$24,623
14 years$80,646$69,799$60,222$51,813$44,467$20,173
15 years$74,493$63,763$54,372$46,208$39,152$16,577
16 years$69,114$58,501$49,296$41,374$34,603$13,656
17 years$64,373$53,877$44,858$37,174$30,681$11,273
18 years$60,163$49,785$40,949$33,501$27,280$9,321
19 years$56,401$46,140$37,487$30,271$24,316$7,717
20 years$53,019$42,876$34,404$27,417$21,719$6,396
21 years$49,964$39,937$31,645$24,882$19,436$5,307
22 years$47,190$37,280$29,166$22,624$17,422$4,406
23 years$44,661$34,867$26,929$20,604$15,639$3,660
24 years$42,346$32,668$24,905$18,792$14,057$3,043
25 years$40,219$30,657$23,067$17,162$12,649$2,530
26 years$38,260$28,813$21,394$15,692$11,394$2,105
27 years$36,448$27,116$19,866$14,363$10,272$1,751
28 years$34,769$25,552$18,468$13,160$9,269$1,458
29 years$33,209$24,105$17,186$12,068$8,369$1,213
30 years$31,755$22,765$16,008$11,075$7,562$1,010
31 years$30,398$21,520$14,924$10,172$6,837$841
32 years$29,128$20,362$13,924$9,348$6,185$701
33 years$27,937$19,284$13,001$8,596$5,597$584
34 years$26,819$18,277$12,147$7,909$5,068$486
35 years$25,768$17,335$11,357$7,281$4,590$405
36 years$24,776$16,453$10,624$6,706$4,159$337
37 years$23,841$15,627$9,944$6,178$3,769$281
38 years$22,957$14,851$9,312$5,695$3,417$234
39 years$22,120$14,122$8,725$5,251$3,099$195
40 years$21,328$13,436$8,177$4,843$2,811$163
41 years$20,576$12,790$7,668$4,468$2,550$135
42 years$19,861$12,181$7,193$4,124$2,314$113
43 years$19,182$11,606$6,749$3,807$2,100$94
44 years$18,535$11,063$6,335$3,515$1,906$78
45 years$17,919$10,549$5,949$3,246$1,730$65
46 years$17,331$10,063$5,587$2,998$1,571$54
47 years$16,770$9,604$5,249$2,770$1,427$45
48 years$16,234$9,168$4,933$2,560$1,296$38
49 years$15,722$8,755$4,636$2,366$1,177$31
50 years$15,231$8,363$4,359$2,187$1,069$26

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 $2,417 every year, while hoping to spend $37,904 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: 54/35/11 Blend
54$15,600,000$15,600,000$15,600,000$15,600,000
55$17,193,693$16,366,893$16,125,093$18,073,720
56$18,907,120$17,128,541$16,624,954$19,433,063
57$20,794,047$17,926,240$17,140,290$20,907,492
58$22,872,129$18,761,715$17,671,580$22,511,361
59$25,160,824$19,636,777$18,219,315$24,256,969
60$27,681,572$20,553,323$18,784,006$26,157,828
61$30,457,998$21,513,342$19,366,176$28,228,788
62$33,516,136$22,518,917$19,966,365$30,486,167
63$36,884,673$23,572,236$20,585,130$32,947,902
64$40,595,224$24,675,589$21,223,045$35,633,714
65$44,682,622$25,831,378$21,880,703$38,565,280
66$49,185,255$27,042,122$22,558,712$41,766,439
67$54,145,425$28,310,460$23,257,703$45,263,403
68$59,609,745$29,639,159$23,978,323$49,085,002
69$65,629,582$31,031,121$24,721,240$53,262,944
70$72,261,542$32,489,388$25,487,144$57,832,110
71$79,568,001$34,017,150$26,276,744$62,830,869
72$87,617,695$35,617,748$27,090,774$68,301,438
73$96,486,372$37,294,690$27,929,986$74,290,263
74$106,257,501$39,051,649$28,795,160$80,848,455
75$117,023,065$40,892,479$29,687,097$88,032,256
76$128,884,427$42,821,220$30,606,624$95,903,563
77$141,953,286$44,842,106$31,554,593$104,530,497
78$156,352,731$46,959,580$32,531,882$113,988,037
79$172,218,407$49,178,296$33,539,397$124,358,715
80$189,699,788$51,503,137$34,578,072$135,733,380
81$208,961,597$53,939,221$35,648,867$148,212,042
82$230,185,352$56,491,915$36,752,776$161,904,802
83$253,571,084$59,166,845$37,890,820$176,932,879
84$279,339,226$61,969,912$39,064,054$193,429,733
85$307,732,691$64,907,302$40,273,564$211,542,312
86$339,019,167$67,985,501$41,520,470$231,432,420
87$373,493,642$71,211,310$42,805,926$253,278,228
88$411,481,191$74,591,862$44,131,122$277,275,936
89$453,340,043$78,134,633$45,497,285$303,641,602
90$499,464,962$81,847,465$46,905,679$332,613,167
91$550,290,976$85,738,580$48,357,607$364,452,673
92$606,297,483$89,816,597$49,854,414$399,448,719
93$668,012,773$94,090,557$51,397,484$437,919,157
94$736,019,021$98,569,939$52,988,244$480,214,070
95$810,957,777$103,264,683$54,628,167$526,719,048
96$893,536,029$108,185,210$56,318,769$577,858,805
97$984,532,870$113,342,452$58,061,613$634,101,155
98$1,084,806,857$118,747,867$59,858,312$695,961,399
99$1,195,304,119$124,413,474$61,710,527$764,007,161
100$1,317,067,279$130,351,875$63,619,971$838,863,708