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%15.3%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,224,661
2 years$641,827$629,874$618,289$607,057$596,162$568,816
3 years$423,635$411,630$400,074$388,947$378,230$351,671
4 years$314,560$302,591$291,151$280,215$269,757$244,189
5 years$249,132$237,235$225,945$215,232$205,065$180,561
6 years$205,527$193,720$182,598$172,122$162,261$138,846
7 years$174,394$162,686$151,739$141,511$131,961$109,641
8 years$151,054$139,452$128,687$118,710$109,475$88,240
9 years$132,910$121,418$110,838$101,115$92,194$72,030
10 years$118,404$107,024$96,631$87,162$78,553$59,439
11 years$106,543$95,277$85,073$75,857$67,559$49,469
12 years$96,666$85,516$75,500$66,537$58,545$41,453
13 years$88,315$77,281$67,454$58,742$51,052$34,927
14 years$81,163$70,247$60,608$52,145$44,752$29,561
15 years$74,970$64,171$54,721$46,504$39,403$25,112
16 years$69,557$58,876$49,612$41,639$34,825$21,400
17 years$64,785$54,223$45,145$37,412$30,878$18,283
18 years$60,549$50,104$41,212$33,716$27,455$15,654
19 years$56,763$46,436$37,727$30,465$24,472$13,428
20 years$53,359$43,151$34,624$27,592$21,858$11,536
21 years$50,284$40,193$31,848$25,042$19,561$9,924
22 years$47,492$37,519$29,353$22,769$17,533$8,547
23 years$44,947$35,091$27,102$20,736$15,739$7,369
24 years$42,617$32,878$25,065$18,912$14,147$6,358
25 years$40,477$30,854$23,215$17,272$12,730$5,489
26 years$38,505$28,998$21,531$15,792$11,467$4,742
27 years$36,682$27,290$19,993$14,455$10,338$4,099
28 years$34,992$25,716$18,586$13,244$9,328$3,545
29 years$33,421$24,260$17,296$12,145$8,423$3,067
30 years$31,958$22,911$16,111$11,146$7,611$2,654
31 years$30,592$21,658$15,019$10,237$6,881$2,298
32 years$29,314$20,493$14,013$9,408$6,224$1,990
33 years$28,116$19,407$13,084$8,651$5,633$1,723
34 years$26,991$18,394$12,225$7,960$5,100$1,493
35 years$25,933$17,446$11,430$7,328$4,619$1,293
36 years$24,935$16,559$10,692$6,749$4,185$1,121
37 years$23,994$15,727$10,008$6,218$3,793$971
38 years$23,104$14,946$9,372$5,731$3,439$842
39 years$22,262$14,213$8,780$5,284$3,119$730
40 years$21,464$13,522$8,230$4,874$2,829$632
41 years$20,707$12,872$7,717$4,497$2,566$548
42 years$19,988$12,259$7,239$4,150$2,329$475
43 years$19,305$11,680$6,793$3,831$2,113$412
44 years$18,654$11,133$6,376$3,537$1,918$357
45 years$18,034$10,617$5,987$3,267$1,741$310
46 years$17,442$10,128$5,623$3,018$1,581$269
47 years$16,878$9,665$5,283$2,788$1,436$233
48 years$16,338$9,227$4,964$2,576$1,304$202
49 years$15,822$8,811$4,666$2,381$1,184$175
50 years$15,329$8,417$4,387$2,201$1,076$152

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 $4,472 every year, while hoping to spend $58,726 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: 73/22/5 Blend
54$15,700,000$15,700,000$15,700,000$15,700,000
55$17,306,013$16,473,913$16,230,563$18,562,158
56$19,008,742$17,218,651$16,711,803$20,134,506
57$20,883,182$17,997,912$17,207,196$21,848,026
58$22,946,784$18,813,327$17,717,154$23,722,822
59$25,218,779$19,666,604$18,242,102$25,774,779
60$27,720,357$20,559,530$18,782,476$28,021,380
61$30,474,869$21,493,982$19,338,724$30,481,865
62$33,508,042$22,471,924$19,911,308$33,177,408
63$36,848,228$23,495,414$20,500,702$36,131,319
64$40,526,667$24,566,610$21,107,396$39,369,250
65$44,577,785$25,687,771$21,731,891$42,919,444
66$49,039,515$26,861,268$22,374,705$46,812,990
67$53,953,658$28,089,582$23,036,370$51,084,116
68$59,366,274$29,375,315$23,717,432$55,770,506
69$65,328,122$30,721,193$24,418,453$60,913,649
70$71,895,132$32,130,073$25,140,014$66,559,230
71$79,128,939$33,604,950$25,882,708$72,757,553
72$87,097,460$35,148,962$26,647,148$79,564,012
73$95,875,538$36,765,398$27,433,964$87,039,605
74$105,545,645$38,457,704$28,243,803$95,251,508
75$116,198,663$40,229,494$29,077,333$104,273,700
76$127,934,740$42,084,553$29,935,238$114,187,656
77$140,864,238$44,026,851$30,818,222$125,083,109
78$155,108,769$46,060,545$31,727,012$137,058,891
79$170,802,349$48,189,997$32,662,352$150,223,855
80$188,092,657$50,419,775$33,625,009$164,697,899
81$207,142,433$52,754,669$34,615,772$180,613,086
82$228,131,012$55,199,699$35,635,451$198,114,886
83$251,256,018$57,760,128$36,684,882$217,363,537
84$276,735,228$60,441,470$37,764,921$238,535,548
85$304,808,626$63,249,507$38,876,451$261,825,359
86$335,740,673$66,190,299$40,020,379$287,447,162
87$369,822,798$69,270,200$41,197,638$315,636,917
88$407,376,151$72,495,869$42,409,188$346,654,561
89$448,754,637$75,874,285$43,656,014$380,786,460
90$494,348,251$79,412,766$44,939,131$418,348,091
91$544,586,764$83,118,983$46,259,584$459,687,011
92$599,943,778$87,000,976$47,618,443$505,186,127
93$660,941,196$91,067,177$49,016,813$555,267,290
94$728,154,149$95,326,420$50,455,828$610,395,271
95$802,216,428$99,787,970$51,936,654$671,082,126
96$883,826,461$104,461,538$53,460,490$737,892,017
97$973,753,913$109,357,306$55,028,569$811,446,522
98$1,072,846,945$114,485,947$56,642,159$892,430,483
99$1,182,040,226$119,858,651$58,302,563$981,598,453
100$1,302,363,752$125,487,148$60,011,123$1,079,781,800