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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,228,673
2 years$641,827$629,874$618,289$607,057$596,162$572,808
3 years$423,635$411,630$400,074$388,947$378,230$355,516
4 years$314,560$302,591$291,151$280,215$269,757$247,859
5 years$249,132$237,235$225,945$215,232$205,065$184,045
6 years$205,527$193,720$182,598$172,122$162,261$142,143
7 years$174,394$162,686$151,739$141,511$131,961$112,750
8 years$151,054$139,452$128,687$118,710$109,475$91,165
9 years$132,910$121,418$110,838$101,115$92,194$74,775
10 years$118,404$107,024$96,631$87,162$78,553$62,010
11 years$106,543$95,277$85,073$75,857$67,559$51,871
12 years$96,666$85,516$75,500$66,537$58,545$43,691
13 years$88,315$77,281$67,454$58,742$51,052$37,009
14 years$81,163$70,247$60,608$52,145$44,752$31,493
15 years$74,970$64,171$54,721$46,504$39,403$26,903
16 years$69,557$58,876$49,612$41,639$34,825$23,055
17 years$64,785$54,223$45,145$37,412$30,878$19,811
18 years$60,549$50,104$41,212$33,716$27,455$17,062
19 years$56,763$46,436$37,727$30,465$24,472$14,723
20 years$53,359$43,151$34,624$27,592$21,858$12,725
21 years$50,284$40,193$31,848$25,042$19,561$11,014
22 years$47,492$37,519$29,353$22,769$17,533$9,544
23 years$44,947$35,091$27,102$20,736$15,739$8,280
24 years$42,617$32,878$25,065$18,912$14,147$7,189
25 years$40,477$30,854$23,215$17,272$12,730$6,246
26 years$38,505$28,998$21,531$15,792$11,467$5,431
27 years$36,682$27,290$19,993$14,455$10,338$4,725
28 years$34,992$25,716$18,586$13,244$9,328$4,113
29 years$33,421$24,260$17,296$12,145$8,423$3,582
30 years$31,958$22,911$16,111$11,146$7,611$3,120
31 years$30,592$21,658$15,019$10,237$6,881$2,719
32 years$29,314$20,493$14,013$9,408$6,224$2,370
33 years$28,116$19,407$13,084$8,651$5,633$2,066
34 years$26,991$18,394$12,225$7,960$5,100$1,802
35 years$25,933$17,446$11,430$7,328$4,619$1,572
36 years$24,935$16,559$10,692$6,749$4,185$1,371
37 years$23,994$15,727$10,008$6,218$3,793$1,196
38 years$23,104$14,946$9,372$5,731$3,439$1,044
39 years$22,262$14,213$8,780$5,284$3,119$911
40 years$21,464$13,522$8,230$4,874$2,829$795
41 years$20,707$12,872$7,717$4,497$2,566$694
42 years$19,988$12,259$7,239$4,150$2,329$606
43 years$19,305$11,680$6,793$3,831$2,113$529
44 years$18,654$11,133$6,376$3,537$1,918$462
45 years$18,034$10,617$5,987$3,267$1,741$403
46 years$17,442$10,128$5,623$3,018$1,581$352
47 years$16,878$9,665$5,283$2,788$1,436$307
48 years$16,338$9,227$4,964$2,576$1,304$268
49 years$15,822$8,811$4,666$2,381$1,184$234
50 years$15,329$8,417$4,387$2,201$1,076$205

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 $2,049 every year, while hoping to spend $21,508 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: 58/13/29 Blend
54$15,700,000$15,700,000$15,700,000$15,700,000
55$17,303,514$16,471,414$16,228,064$18,169,555
56$19,045,588$17,255,628$16,748,819$19,547,922
57$20,964,632$18,077,549$17,286,300$21,047,729
58$23,078,676$18,939,000$17,841,042$22,682,738
59$25,407,585$19,841,895$18,413,601$24,466,074
60$27,973,252$20,788,241$19,004,550$26,412,174
61$30,799,801$21,780,142$19,614,479$28,536,923
62$33,913,816$22,819,805$20,243,999$30,857,796
63$37,344,592$23,909,542$20,893,740$33,394,020
64$41,124,412$25,051,781$21,564,352$36,166,757
65$45,288,849$26,249,066$22,256,505$39,199,291
66$49,877,106$27,504,064$22,970,893$42,517,250
67$54,932,383$28,819,575$23,708,229$46,148,841
68$60,502,283$30,198,532$24,469,253$50,125,113
69$66,639,268$31,644,012$25,254,724$54,480,245
70$73,401,146$33,159,241$26,065,430$59,251,861
71$80,851,623$34,747,604$26,902,182$64,481,384
72$89,060,901$36,412,649$27,765,818$70,214,419
73$98,106,341$38,158,097$28,657,201$76,501,179
74$108,073,195$39,987,851$29,577,224$83,396,953
75$119,055,408$41,906,002$30,526,808$90,962,622
76$131,156,507$43,916,844$31,506,904$99,265,227
77$144,490,578$46,024,877$32,518,493$108,378,593
78$159,183,342$48,234,820$33,562,587$118,384,025
79$175,373,341$50,551,625$34,640,232$129,371,061
80$193,213,249$52,980,482$35,752,507$141,438,316
81$212,871,311$55,526,836$36,900,526$154,694,402
82$234,532,929$58,196,396$38,085,439$169,258,943
83$258,402,418$60,995,149$39,308,431$185,263,703
84$284,704,929$63,929,376$40,570,728$202,853,811
85$313,688,579$67,005,663$41,873,594$222,189,132
86$345,626,789$70,230,915$43,218,335$243,445,758
87$380,820,869$73,612,377$44,606,296$266,817,666
88$419,602,859$77,157,645$46,038,869$292,518,537
89$462,338,668$80,874,687$47,517,488$320,783,760
90$509,431,523$84,771,858$49,043,635$351,872,646
91$561,325,781$88,857,920$50,618,839$386,070,864
92$618,511,118$93,142,066$52,244,677$423,693,122
93$681,527,157$97,633,933$53,922,780$465,086,128
94$750,968,562$102,343,631$55,654,828$510,631,849
95$827,490,648$107,281,761$57,442,557$560,751,104
96$911,815,570$112,459,443$59,287,758$615,907,518
97$1,004,739,142$117,888,340$61,192,282$676,611,889
98$1,107,138,347$123,580,681$63,158,036$743,426,989
99$1,219,979,620$129,549,295$65,186,991$816,972,864
100$1,344,327,966$135,807,636$67,281,181$897,932,669