Can I retire at age 55 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,229,178
2 years$641,827$629,874$618,289$607,057$596,162$573,310
3 years$423,635$411,630$400,074$388,947$378,230$356,001
4 years$314,560$302,591$291,151$280,215$269,757$248,322
5 years$249,132$237,235$225,945$215,232$205,065$184,486
6 years$205,527$193,720$182,598$172,122$162,261$142,560
7 years$174,394$162,686$151,739$141,511$131,961$113,145
8 years$151,054$139,452$128,687$118,710$109,475$91,538
9 years$132,910$121,418$110,838$101,115$92,194$75,125
10 years$118,404$107,024$96,631$87,162$78,553$62,338
11 years$106,543$95,277$85,073$75,857$67,559$52,178
12 years$96,666$85,516$75,500$66,537$58,545$43,979
13 years$88,315$77,281$67,454$58,742$51,052$37,277
14 years$81,163$70,247$60,608$52,145$44,752$31,743
15 years$74,970$64,171$54,721$46,504$39,403$27,135
16 years$69,557$58,876$49,612$41,639$34,825$23,270
17 years$64,785$54,223$45,145$37,412$30,878$20,010
18 years$60,549$50,104$41,212$33,716$27,455$17,246
19 years$56,763$46,436$37,727$30,465$24,472$14,892
20 years$53,359$43,151$34,624$27,592$21,858$12,881
21 years$50,284$40,193$31,848$25,042$19,561$11,158
22 years$47,492$37,519$29,353$22,769$17,533$9,677
23 years$44,947$35,091$27,102$20,736$15,739$8,401
24 years$42,617$32,878$25,065$18,912$14,147$7,300
25 years$40,477$30,854$23,215$17,272$12,730$6,348
26 years$38,505$28,998$21,531$15,792$11,467$5,524
27 years$36,682$27,290$19,993$14,455$10,338$4,810
28 years$34,992$25,716$18,586$13,244$9,328$4,190
29 years$33,421$24,260$17,296$12,145$8,423$3,652
30 years$31,958$22,911$16,111$11,146$7,611$3,184
31 years$30,592$21,658$15,019$10,237$6,881$2,777
32 years$29,314$20,493$14,013$9,408$6,224$2,422
33 years$28,116$19,407$13,084$8,651$5,633$2,114
34 years$26,991$18,394$12,225$7,960$5,100$1,845
35 years$25,933$17,446$11,430$7,328$4,619$1,611
36 years$24,935$16,559$10,692$6,749$4,185$1,406
37 years$23,994$15,727$10,008$6,218$3,793$1,228
38 years$23,104$14,946$9,372$5,731$3,439$1,073
39 years$22,262$14,213$8,780$5,284$3,119$937
40 years$21,464$13,522$8,230$4,874$2,829$818
41 years$20,707$12,872$7,717$4,497$2,566$715
42 years$19,988$12,259$7,239$4,150$2,329$625
43 years$19,305$11,680$6,793$3,831$2,113$546
44 years$18,654$11,133$6,376$3,537$1,918$477
45 years$18,034$10,617$5,987$3,267$1,741$417
46 years$17,442$10,128$5,623$3,018$1,581$364
47 years$16,878$9,665$5,283$2,788$1,436$318
48 years$16,338$9,227$4,964$2,576$1,304$278
49 years$15,822$8,811$4,666$2,381$1,184$243
50 years$15,329$8,417$4,387$2,201$1,076$212

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $15,700,000, adding $4,767 every year, while hoping to spend $44,969 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: 46/29/25 Blend
54$15,700,000$15,700,000$15,700,000$15,700,000
55$17,306,317$16,474,217$16,230,867$17,977,848
56$19,023,715$17,233,607$16,726,755$19,211,238
57$20,914,780$18,028,700$17,237,747$20,543,864
58$22,997,179$18,861,198$17,764,303$21,988,885
59$25,290,379$19,732,884$18,306,895$23,556,834
60$27,815,832$20,645,630$18,866,010$25,259,278
61$30,597,174$21,601,393$19,442,149$27,108,928
62$33,660,453$22,602,229$20,035,828$29,119,744
63$37,034,372$23,650,290$20,647,581$31,307,069
64$40,750,557$24,747,834$21,277,954$33,687,764
65$44,843,862$25,897,226$21,927,513$36,280,363
66$49,352,691$27,100,945$22,596,841$39,105,238
67$54,319,366$28,361,592$23,286,535$42,184,789
68$59,790,522$29,681,890$23,997,214$45,543,644
69$65,817,548$31,064,696$24,729,515$49,208,888
70$72,457,076$32,513,004$25,484,091$53,210,308
71$79,771,509$34,029,953$26,261,620$57,580,667
72$87,829,615$35,618,832$27,062,796$62,356,005
73$96,707,171$37,283,091$27,888,335$67,575,971
74$106,487,685$39,026,345$28,738,977$73,284,187
75$117,263,178$40,852,384$29,615,481$79,528,648
76$129,135,053$42,765,182$30,518,631$86,362,172
77$142,215,058$44,768,905$31,449,234$93,842,880
78$156,626,332$46,867,920$32,408,121$102,034,738
79$172,504,574$49,066,804$33,396,150$111,008,148
80$189,999,321$51,370,358$34,414,201$120,840,602
81$209,275,360$53,783,613$35,463,185$131,617,400
82$230,514,282$56,311,846$36,544,037$143,432,440
83$253,916,198$58,960,586$37,657,722$156,389,096
84$279,701,628$61,735,632$38,805,233$170,601,173
85$308,113,580$64,643,064$39,987,595$186,193,972
86$339,419,846$67,689,255$41,205,860$203,305,453
87$373,915,530$70,880,888$42,461,116$222,087,524
88$411,925,831$74,224,969$43,754,481$242,707,456
89$453,809,118$77,728,844$45,087,107$265,349,445
90$499,960,305$81,400,215$46,460,183$290,216,333
91$550,814,587$85,247,157$47,874,930$317,531,500
92$606,851,543$89,278,136$49,332,608$347,540,956
93$668,599,666$93,502,030$50,834,516$380,515,640
94$736,641,349$97,928,146$52,381,989$416,753,957
95$811,618,386$102,566,245$53,976,406$456,584,571
96$894,238,029$107,426,558$55,619,183$500,369,480
97$985,279,664$112,519,816$57,311,782$548,507,413
98$1,085,602,171$117,857,268$59,055,707$601,437,565
99$1,196,152,029$123,450,710$60,852,510$659,643,714
100$1,317,972,253$129,312,512$62,703,786$723,658,762