Can I retire at age 55 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,247,276
2 years$645,915$633,886$622,227$610,924$599,959$587,230
3 years$426,333$414,251$402,622$391,425$380,639$368,213
4 years$316,563$304,519$293,006$281,999$271,475$259,449
5 years$250,719$238,746$227,385$216,603$206,371$194,779
6 years$206,836$194,954$183,761$173,219$163,294$152,152
7 years$175,504$163,722$152,706$142,413$132,802$122,114
8 years$152,016$140,340$129,507$119,467$110,172$99,937
9 years$133,757$122,191$111,544$101,759$92,781$82,996
10 years$119,158$107,706$97,247$87,717$79,054$69,713
11 years$107,222$95,884$85,614$76,340$67,989$59,084
12 years$97,282$86,060$75,981$66,961$58,918$50,440
13 years$88,877$77,773$67,884$59,116$51,377$43,317
14 years$81,680$70,694$60,994$52,477$45,037$37,383
15 years$75,448$64,580$55,069$46,800$39,654$32,395
16 years$70,000$59,251$49,928$41,904$35,047$28,170
17 years$65,198$54,568$45,433$37,651$31,075$24,569
18 years$60,935$50,423$41,474$33,931$27,630$21,482
19 years$57,124$46,732$37,968$30,659$24,627$18,824
20 years$53,699$43,425$34,845$27,768$21,998$16,525
21 years$50,604$40,449$32,051$25,201$19,685$14,531
22 years$47,795$37,758$29,540$22,914$17,645$12,795
23 years$45,233$35,314$27,275$20,868$15,839$11,281
24 years$42,889$33,087$25,224$19,033$14,237$9,956
25 years$40,735$31,051$23,363$17,382$12,811$8,795
26 years$38,750$29,182$21,668$15,893$11,540$7,776
27 years$36,915$27,464$20,120$14,547$10,404$6,880
28 years$35,215$25,879$18,705$13,328$9,388$6,091
29 years$33,634$24,414$17,406$12,222$8,477$5,396
30 years$32,162$23,057$16,213$11,217$7,659$4,782
31 years$30,787$21,796$15,115$10,302$6,925$4,240
32 years$29,501$20,624$14,103$9,468$6,264$3,761
33 years$28,295$19,531$13,168$8,707$5,669$3,337
34 years$27,163$18,511$12,303$8,011$5,133$2,962
35 years$26,098$17,557$11,503$7,374$4,649$2,630
36 years$25,094$16,664$10,760$6,792$4,212$2,335
37 years$24,147$15,827$10,072$6,258$3,817$2,074
38 years$23,251$15,042$9,432$5,768$3,461$1,842
39 years$22,404$14,303$8,836$5,318$3,138$1,637
40 years$21,601$13,608$8,282$4,905$2,847$1,455
41 years$20,839$12,954$7,766$4,526$2,583$1,293
42 years$20,116$12,337$7,285$4,177$2,343$1,149
43 years$19,428$11,754$6,836$3,856$2,127$1,022
44 years$18,773$11,204$6,417$3,560$1,930$908
45 years$18,149$10,684$6,025$3,288$1,753$808
46 years$17,553$10,192$5,659$3,037$1,591$718
47 years$16,985$9,727$5,316$2,806$1,445$638
48 years$16,442$9,285$4,996$2,593$1,312$568
49 years$15,923$8,867$4,696$2,396$1,192$505
50 years$15,426$8,470$4,415$2,215$1,082$449

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $15,800,000, adding $5,308 every year, while hoping to spend $53,170 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: 75/10/15 Blend
54$15,800,000$15,800,000$15,800,000$15,800,000
55$17,417,075$16,579,675$16,334,775$18,666,246
56$19,137,044$17,335,507$16,825,418$20,248,512
57$21,030,668$18,126,592$17,330,715$21,975,064
58$23,115,604$18,954,603$17,851,101$23,865,954
59$25,411,307$19,821,289$18,387,024$25,937,513
60$27,939,216$20,728,488$18,938,945$28,207,725
61$30,722,954$21,678,122$19,507,338$30,696,391
62$33,788,552$22,672,207$20,092,691$33,425,311
63$37,164,695$23,712,856$20,695,506$36,418,495
64$40,882,990$24,802,282$21,316,302$39,702,377
65$44,978,268$25,942,807$21,955,611$43,306,071
66$49,488,908$27,136,861$22,613,981$47,261,639
67$54,457,204$28,386,994$23,291,976$51,604,390
68$59,929,759$29,695,877$23,990,177$56,373,214
69$65,957,929$31,066,310$24,709,183$61,610,942
70$72,598,305$32,501,227$25,449,609$67,364,751
71$79,913,249$34,003,704$26,212,087$73,686,603
72$87,971,480$35,576,964$26,997,271$80,633,734
73$96,848,723$37,224,388$27,805,832$88,269,191
74$106,628,426$38,949,516$28,638,461$96,662,420
75$117,402,544$40,756,061$29,495,868$105,889,924
76$129,272,410$42,647,914$30,378,786$116,035,975
77$142,349,688$44,629,155$31,287,968$127,193,411
78$156,757,431$46,704,058$32,224,189$139,464,501
79$172,631,238$48,877,106$33,188,249$152,961,913
80$190,120,537$51,152,996$34,180,967$167,809,770
81$209,389,993$53,536,654$35,203,191$184,144,815
82$230,621,064$56,033,242$36,255,789$202,117,701
83$254,013,713$58,648,171$37,339,659$221,894,403
84$279,788,295$61,387,115$38,455,721$243,657,783
85$308,187,637$64,256,020$39,604,924$267,609,311
86$339,479,332$67,261,121$40,788,245$293,970,955
87$373,958,262$70,408,954$42,006,689$322,987,277
88$411,949,381$73,706,369$43,261,290$354,927,734
89$453,810,787$77,160,550$44,553,112$390,089,210
90$499,937,098$80,779,028$45,883,251$428,798,817
91$550,763,177$84,569,695$47,252,835$471,416,974
92$606,768,239$88,540,828$48,663,023$518,340,800
93$668,480,375$92,701,105$50,115,011$570,007,858
94$736,481,535$97,059,620$51,610,025$626,900,275
95$811,413,022$101,625,913$53,149,332$689,549,285
96$893,981,548$106,409,980$54,734,232$758,540,236
97$984,965,902$111,422,305$56,366,065$834,518,105
98$1,085,224,305$116,673,878$58,046,208$918,193,578
99$1,195,702,508$122,176,223$59,776,081$1,010,349,749
100$1,317,442,727$127,941,420$61,557,142$1,111,849,502