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%19.3%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,205,125
2 years$641,827$629,874$618,289$607,057$596,162$549,533
3 years$423,635$411,630$400,074$388,947$378,230$333,253
4 years$314,560$302,591$291,151$280,215$269,757$226,775
5 years$249,132$237,235$225,945$215,232$205,065$164,190
6 years$205,527$193,720$182,598$172,122$162,261$123,521
7 years$174,394$162,686$151,739$141,511$131,961$95,347
8 years$151,054$139,452$128,687$118,710$109,475$74,951
9 years$132,910$121,418$110,838$101,115$92,194$59,713
10 years$118,404$107,024$96,631$87,162$78,553$48,057
11 years$106,543$95,277$85,073$75,857$67,559$38,979
12 years$96,666$85,516$75,500$66,537$58,545$31,811
13 years$88,315$77,281$67,454$58,742$51,052$26,087
14 years$81,163$70,247$60,608$52,145$44,752$21,477
15 years$74,970$64,171$54,721$46,504$39,403$17,738
16 years$69,557$58,876$49,612$41,639$34,825$14,687
17 years$64,785$54,223$45,145$37,412$30,878$12,187
18 years$60,549$50,104$41,212$33,716$27,455$10,129
19 years$56,763$46,436$37,727$30,465$24,472$8,431
20 years$53,359$43,151$34,624$27,592$21,858$7,026
21 years$50,284$40,193$31,848$25,042$19,561$5,861
22 years$47,492$37,519$29,353$22,769$17,533$4,893
23 years$44,947$35,091$27,102$20,736$15,739$4,087
24 years$42,617$32,878$25,065$18,912$14,147$3,416
25 years$40,477$30,854$23,215$17,272$12,730$2,857
26 years$38,505$28,998$21,531$15,792$11,467$2,390
27 years$36,682$27,290$19,993$14,455$10,338$2,000
28 years$34,992$25,716$18,586$13,244$9,328$1,674
29 years$33,421$24,260$17,296$12,145$8,423$1,402
30 years$31,958$22,911$16,111$11,146$7,611$1,174
31 years$30,592$21,658$15,019$10,237$6,881$983
32 years$29,314$20,493$14,013$9,408$6,224$823
33 years$28,116$19,407$13,084$8,651$5,633$690
34 years$26,991$18,394$12,225$7,960$5,100$578
35 years$25,933$17,446$11,430$7,328$4,619$484
36 years$24,935$16,559$10,692$6,749$4,185$406
37 years$23,994$15,727$10,008$6,218$3,793$340
38 years$23,104$14,946$9,372$5,731$3,439$285
39 years$22,262$14,213$8,780$5,284$3,119$239
40 years$21,464$13,522$8,230$4,874$2,829$200
41 years$20,707$12,872$7,717$4,497$2,566$168
42 years$19,988$12,259$7,239$4,150$2,329$141
43 years$19,305$11,680$6,793$3,831$2,113$118
44 years$18,654$11,133$6,376$3,537$1,918$99
45 years$18,034$10,617$5,987$3,267$1,741$83
46 years$17,442$10,128$5,623$3,018$1,581$69
47 years$16,878$9,665$5,283$2,788$1,436$58
48 years$16,338$9,227$4,964$2,576$1,304$49
49 years$15,822$8,811$4,666$2,381$1,184$41
50 years$15,329$8,417$4,387$2,201$1,076$34

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 $6,946 every year, while hoping to spend $26,006 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: 39/45/16 Blend
54$15,700,000$15,700,000$15,700,000$15,700,000
55$17,308,565$16,476,465$16,233,115$17,900,417
56$19,046,368$17,256,141$16,749,254$19,103,025
57$20,960,556$18,073,151$17,281,812$20,399,497
58$23,069,092$18,929,294$17,831,312$21,800,771
59$25,391,771$19,826,461$18,398,293$23,316,338
60$27,950,407$20,766,633$18,983,311$24,956,600
61$30,769,037$21,751,886$19,586,940$26,732,962
62$33,874,149$22,784,399$20,209,773$28,657,935
63$37,294,933$23,866,456$20,852,421$30,745,243
64$41,063,554$25,000,450$21,515,515$33,009,945
65$45,215,457$26,188,893$22,199,706$35,468,567
66$49,789,702$27,434,417$22,905,664$38,139,250
67$54,829,332$28,739,783$23,634,084$41,041,912
68$60,381,778$30,107,887$24,385,680$44,198,422
69$66,499,308$31,541,762$25,161,189$47,632,798
70$73,239,523$33,044,594$25,961,374$51,371,425
71$80,665,893$34,619,718$26,787,019$55,443,287
72$88,848,366$36,270,636$27,638,936$59,880,232
73$97,864,019$38,001,017$28,517,960$64,717,258
74$107,797,792$39,814,710$29,424,955$69,992,828
75$118,743,287$41,715,750$30,360,811$75,749,225
76$130,803,651$43,708,371$31,326,447$82,032,928
77$144,092,551$45,797,009$32,322,811$88,895,040
78$158,735,247$47,986,318$33,350,881$96,391,756
79$174,869,774$50,281,180$34,411,667$104,584,870
80$192,648,244$52,686,711$35,506,211$113,542,345
81$212,238,283$55,208,278$36,635,587$123,338,935
82$233,824,614$57,851,509$37,800,905$134,056,869
83$257,610,798$60,622,306$39,003,309$145,786,611
84$283,821,159$63,526,859$40,243,980$158,627,687
85$312,702,900$66,571,658$41,524,136$172,689,605
86$344,528,436$69,763,509$42,845,034$188,092,865
87$379,597,967$73,109,551$44,207,973$204,970,071
88$418,242,310$76,617,270$45,614,291$223,467,157
89$460,826,024$80,294,515$47,065,368$243,744,737
90$507,750,852$84,149,519$48,562,631$265,979,595
91$559,459,510$88,190,917$50,107,551$290,366,320
92$616,439,871$92,427,763$51,701,645$317,119,115
93$679,229,567$96,869,552$53,346,479$346,473,786
94$748,421,065$101,526,243$55,043,668$378,689,931
95$824,667,264$106,408,279$56,794,882$414,053,358
96$908,687,654$111,526,614$58,601,839$452,878,746
97$1,001,275,110$116,892,733$60,466,316$495,512,572
98$1,103,303,378$122,518,683$62,390,144$542,336,344
99$1,215,735,322$128,417,099$64,375,214$593,770,159
100$1,339,632,018$134,601,229$66,423,476$650,276,622