Can I retire at age 57 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,157,369
2 years$613,211$601,790$590,722$579,991$569,581$530,903
3 years$404,746$393,277$382,236$371,606$361,366$323,975
4 years$300,535$289,100$278,170$267,721$257,729$221,912
5 years$238,024$226,658$215,871$205,635$195,922$161,775
6 years$196,364$185,083$174,456$164,448$155,026$122,577
7 years$166,618$155,433$144,974$135,202$126,078$95,323
8 years$144,319$133,234$122,949$113,418$104,594$75,512
9 years$126,984$116,005$105,896$96,607$88,083$60,640
10 years$113,125$102,252$92,323$83,276$75,051$49,205
11 years$101,793$91,029$81,280$72,475$64,546$40,249
12 years$92,356$81,703$72,133$63,570$55,935$33,133
13 years$84,377$73,836$64,446$56,123$48,776$27,414
14 years$77,544$67,114$57,905$49,820$42,757$22,775
15 years$71,628$61,310$52,281$44,430$37,646$18,984
16 years$66,456$56,251$47,400$39,783$33,272$15,868
17 years$61,897$51,805$43,132$35,744$29,501$13,293
18 years$57,849$47,870$39,374$32,213$26,231$11,156
19 years$54,232$44,366$36,045$29,107$23,380$9,378
20 years$50,980$41,227$33,081$26,362$20,884$7,893
21 years$48,042$38,401$30,428$23,925$18,689$6,651
22 years$45,375$35,846$28,044$21,754$16,752$5,609
23 years$42,943$33,526$25,894$19,811$15,037$4,734
24 years$40,717$31,412$23,947$18,069$13,516$3,998
25 years$38,672$29,478$22,180$16,502$12,162$3,378
26 years$36,788$27,705$20,571$15,088$10,955$2,856
27 years$35,046$26,074$19,102$13,811$9,877$2,415
28 years$33,432$24,569$17,757$12,654$8,912$2,043
29 years$31,931$23,178$16,525$11,604$8,048$1,729
30 years$30,534$21,889$15,392$10,649$7,272$1,463
31 years$29,228$20,693$14,350$9,780$6,574$1,239
32 years$28,007$19,579$13,389$8,989$5,947$1,049
33 years$26,863$18,542$12,501$8,266$5,382$888
34 years$25,788$17,574$11,680$7,605$4,873$752
35 years$24,776$16,668$10,920$7,001$4,413$637
36 years$23,823$15,821$10,216$6,448$3,999$540
37 years$22,924$15,026$9,562$5,941$3,624$457
38 years$22,074$14,280$8,954$5,476$3,286$387
39 years$21,270$13,579$8,389$5,049$2,980$328
40 years$20,507$12,919$7,863$4,657$2,703$278
41 years$19,784$12,298$7,373$4,297$2,452$236
42 years$19,097$11,712$6,916$3,965$2,225$200
43 years$18,444$11,159$6,490$3,660$2,019$169
44 years$17,822$10,637$6,092$3,380$1,833$143
45 years$17,230$10,143$5,720$3,121$1,664$121
46 years$16,665$9,676$5,372$2,883$1,511$103
47 years$16,125$9,234$5,047$2,664$1,372$87
48 years$15,610$8,815$4,743$2,461$1,246$74
49 years$15,117$8,418$4,458$2,275$1,131$63
50 years$14,645$8,041$4,191$2,103$1,028$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,000,000, adding $4,276 every year, while hoping to spend $20,072 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: 80/10/10 Blend
56$15,000,000$15,000,000$15,000,000$15,000,000
57$16,534,411$15,739,411$15,506,911$17,830,044
58$18,199,564$16,489,285$16,005,036$19,430,501
59$20,033,890$17,275,231$16,519,175$21,183,286
60$22,054,624$18,098,994$17,049,845$23,106,084
61$24,280,757$18,962,406$17,597,575$25,215,887
62$26,733,217$19,867,387$18,162,917$27,531,403
63$29,435,066$20,815,950$18,746,436$30,073,233
64$32,411,719$21,810,207$19,348,717$32,864,063
65$35,691,179$22,852,373$19,970,365$35,928,879
66$39,304,309$23,944,769$20,612,001$39,295,195
67$43,285,116$25,089,830$21,274,271$42,993,314
68$47,671,076$26,290,109$21,957,837$47,056,612
69$52,503,486$27,548,285$22,663,385$51,521,848
70$57,827,856$28,867,166$23,391,623$56,429,512
71$63,694,336$30,249,695$24,143,280$61,824,199
72$70,158,190$31,698,962$24,919,112$67,755,034
73$77,280,318$33,218,204$25,719,895$74,276,125
74$85,127,833$34,810,818$26,546,433$81,447,078
75$93,774,688$36,480,365$27,399,556$89,333,551
76$103,302,384$38,230,580$28,280,118$98,007,873
77$113,800,728$40,065,379$29,189,003$107,549,723
78$125,368,691$41,988,872$30,127,124$118,046,877
79$138,115,336$44,005,364$31,095,420$129,596,035
80$152,160,847$46,119,375$32,094,864$142,303,726
81$167,637,670$48,335,640$33,126,459$156,287,314
82$184,691,756$50,659,131$34,191,239$171,676,099
83$203,483,943$53,095,056$35,290,273$188,612,532
84$224,191,472$55,648,880$36,424,664$207,253,556
85$247,009,662$58,326,335$37,595,550$227,772,084
86$272,153,754$61,133,432$38,804,107$250,358,624
87$299,860,939$64,076,472$40,051,547$275,223,070
88$330,392,604$67,162,069$41,339,123$302,596,685
89$364,036,793$70,397,153$42,668,127$332,734,268
90$401,110,930$73,788,998$44,039,893$365,916,561
91$441,964,814$77,345,227$45,455,799$402,452,891
92$486,983,921$81,073,840$46,917,265$442,684,078
93$536,593,047$84,983,224$48,425,759$486,985,654
94$591,260,312$89,082,176$49,982,796$535,771,394
95$651,501,583$93,379,922$51,589,939$589,497,215
96$717,885,344$97,886,138$53,248,801$648,665,475
97$791,038,063$102,610,973$54,961,050$713,829,704
98$871,650,105$107,565,069$56,728,404$785,599,823
99$960,482,248$112,759,591$58,552,639$864,647,890
100$1,058,372,871$118,206,244$60,435,586$951,714,435