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%12.8%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,229,441
2 years$637,739$625,862$614,351$603,190$592,365$577,745
3 years$420,936$409,008$397,526$386,470$375,821$361,559
4 years$312,556$300,664$289,297$278,430$268,038$254,246
5 years$247,545$235,724$224,506$213,861$203,758$190,475
6 years$204,218$192,487$181,434$171,026$161,227$148,469
7 years$173,283$161,650$150,773$140,610$131,121$118,893
8 years$150,092$138,564$127,867$117,954$108,777$97,079
9 years$132,064$120,645$110,132$100,471$91,606$80,433
10 years$117,650$106,342$96,016$86,607$78,053$67,397
11 years$105,864$94,670$84,531$75,374$67,128$56,980
12 years$96,050$84,971$75,019$66,113$58,172$48,520
13 years$87,752$76,789$67,024$58,368$50,727$41,560
14 years$80,646$69,799$60,222$51,813$44,467$35,772
15 years$74,493$63,763$54,372$46,208$39,152$30,916
16 years$69,114$58,501$49,296$41,374$34,603$26,810
17 years$64,373$53,877$44,858$37,174$30,681$23,317
18 years$60,163$49,785$40,949$33,501$27,280$20,329
19 years$56,401$46,140$37,487$30,271$24,316$17,762
20 years$53,019$42,876$34,404$27,417$21,719$15,547
21 years$49,964$39,937$31,645$24,882$19,436$13,630
22 years$47,190$37,280$29,166$22,624$17,422$11,966
23 years$44,661$34,867$26,929$20,604$15,639$10,517
24 years$42,346$32,668$24,905$18,792$14,057$9,254
25 years$40,219$30,657$23,067$17,162$12,649$8,149
26 years$38,260$28,813$21,394$15,692$11,394$7,182
27 years$36,448$27,116$19,866$14,363$10,272$6,334
28 years$34,769$25,552$18,468$13,160$9,269$5,590
29 years$33,209$24,105$17,186$12,068$8,369$4,936
30 years$31,755$22,765$16,008$11,075$7,562$4,360
31 years$30,398$21,520$14,924$10,172$6,837$3,853
32 years$29,128$20,362$13,924$9,348$6,185$3,407
33 years$27,937$19,284$13,001$8,596$5,597$3,013
34 years$26,819$18,277$12,147$7,909$5,068$2,665
35 years$25,768$17,335$11,357$7,281$4,590$2,358
36 years$24,776$16,453$10,624$6,706$4,159$2,087
37 years$23,841$15,627$9,944$6,178$3,769$1,847
38 years$22,957$14,851$9,312$5,695$3,417$1,636
39 years$22,120$14,122$8,725$5,251$3,099$1,448
40 years$21,328$13,436$8,177$4,843$2,811$1,283
41 years$20,576$12,790$7,668$4,468$2,550$1,136
42 years$19,861$12,181$7,193$4,124$2,314$1,006
43 years$19,182$11,606$6,749$3,807$2,100$891
44 years$18,535$11,063$6,335$3,515$1,906$790
45 years$17,919$10,549$5,949$3,246$1,730$700
46 years$17,331$10,063$5,587$2,998$1,571$620
47 years$16,770$9,604$5,249$2,770$1,427$549
48 years$16,234$9,168$4,933$2,560$1,296$487
49 years$15,722$8,755$4,636$2,366$1,177$431
50 years$15,231$8,363$4,359$2,187$1,069$382

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 $2,918 every year, while hoping to spend $23,428 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: 58/18/24 Blend
54$15,600,000$15,600,000$15,600,000$15,600,000
55$17,194,210$16,367,410$16,125,610$18,079,913
56$18,923,092$17,144,486$16,640,891$19,461,607
57$20,827,535$17,958,853$17,172,648$20,964,576
58$22,925,421$18,812,315$17,721,409$22,602,788
59$25,236,456$19,706,760$18,287,719$24,389,330
60$27,782,355$20,644,172$18,872,138$26,338,593
61$30,587,047$21,626,628$19,475,246$28,466,410
62$33,676,901$22,656,307$20,097,641$30,790,193
63$37,080,973$23,735,495$20,739,941$33,329,100
64$40,831,286$24,866,587$21,402,782$36,104,208
65$44,963,124$26,052,097$22,086,822$39,138,708
66$49,515,371$27,294,659$22,792,740$42,458,117
67$54,530,877$28,597,035$23,521,235$46,090,520
68$60,056,860$29,962,123$24,273,030$50,066,823
69$66,145,354$31,392,962$25,048,871$54,421,042
70$72,853,700$32,892,736$25,849,527$59,190,619
71$80,245,084$34,464,788$26,675,793$64,416,771
72$88,389,140$36,112,619$27,528,489$70,144,866
73$97,362,599$37,839,905$28,408,461$76,424,855
74$107,250,021$39,650,497$29,316,581$83,311,727
75$118,144,588$41,548,436$30,253,751$90,866,027
76$130,148,985$43,537,958$31,220,901$99,154,418
77$143,376,371$45,623,507$32,218,990$108,250,304
78$157,951,443$47,809,742$33,249,009$118,234,513
79$174,011,620$50,101,549$34,311,980$129,196,052
80$191,708,332$52,504,052$35,408,959$141,232,940
81$211,208,456$55,022,624$36,541,033$154,453,121
82$232,695,888$57,662,902$37,709,327$168,975,479
83$256,373,279$60,430,795$38,915,000$184,930,942
84$282,463,950$63,332,500$40,159,249$202,463,717
85$311,213,998$66,374,518$41,443,309$221,732,632
86$342,894,621$69,563,664$42,768,455$242,912,630
87$377,804,677$72,907,088$44,136,002$266,196,404
88$416,273,505$76,412,286$45,547,309$291,796,208
89$458,664,034$80,087,120$47,003,776$319,945,844
90$505,376,213$83,939,836$48,506,849$350,902,858
91$556,850,779$87,979,081$50,058,022$384,950,957
92$613,573,427$92,213,924$51,658,834$422,402,670
93$676,079,387$96,653,877$53,310,875$463,602,285
94$744,958,481$101,308,913$55,015,786$508,929,085
95$820,860,690$106,189,495$56,775,259$558,800,906
96$904,502,294$111,306,593$58,591,043$613,678,071
97$996,672,625$116,671,713$60,464,941$674,067,710
98$1,098,241,531$122,296,925$62,398,814$740,528,535
99$1,210,167,576$128,194,883$64,394,583$813,676,089
100$1,333,507,098$134,378,861$66,454,231$894,188,538