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

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,165,786
2 years$613,211$601,790$590,722$579,991$569,581$539,216
3 years$404,746$393,277$382,236$371,606$361,366$331,921
4 years$300,535$289,100$278,170$267,721$257,729$229,430
5 years$238,024$226,658$215,871$205,635$195,922$168,847
6 years$196,364$185,083$174,456$164,448$155,026$129,203
7 years$166,618$155,433$144,974$135,202$126,078$101,509
8 years$144,319$133,234$122,949$113,418$104,594$81,267
9 years$126,984$116,005$105,896$96,607$88,083$65,979
10 years$113,125$102,252$92,323$83,276$75,051$54,144
11 years$101,793$91,029$81,280$72,475$64,546$44,804
12 years$92,356$81,703$72,133$63,570$55,935$37,323
13 years$84,377$73,836$64,446$56,123$48,776$31,259
14 years$77,544$67,114$57,905$49,820$42,757$26,294
15 years$71,628$61,310$52,281$44,430$37,646$22,197
16 years$66,456$56,251$47,400$39,783$33,272$18,795
17 years$61,897$51,805$43,132$35,744$29,501$15,953
18 years$57,849$47,870$39,374$32,213$26,231$13,569
19 years$54,232$44,366$36,045$29,107$23,380$11,562
20 years$50,980$41,227$33,081$26,362$20,884$9,866
21 years$48,042$38,401$30,428$23,925$18,689$8,429
22 years$45,375$35,846$28,044$21,754$16,752$7,209
23 years$42,943$33,526$25,894$19,811$15,037$6,171
24 years$40,717$31,412$23,947$18,069$13,516$5,287
25 years$38,672$29,478$22,180$16,502$12,162$4,532
26 years$36,788$27,705$20,571$15,088$10,955$3,887
27 years$35,046$26,074$19,102$13,811$9,877$3,336
28 years$33,432$24,569$17,757$12,654$8,912$2,864
29 years$31,931$23,178$16,525$11,604$8,048$2,459
30 years$30,534$21,889$15,392$10,649$7,272$2,112
31 years$29,228$20,693$14,350$9,780$6,574$1,815
32 years$28,007$19,579$13,389$8,989$5,947$1,560
33 years$26,863$18,542$12,501$8,266$5,382$1,341
34 years$25,788$17,574$11,680$7,605$4,873$1,153
35 years$24,776$16,668$10,920$7,001$4,413$991
36 years$23,823$15,821$10,216$6,448$3,999$852
37 years$22,924$15,026$9,562$5,941$3,624$733
38 years$22,074$14,280$8,954$5,476$3,286$631
39 years$21,270$13,579$8,389$5,049$2,980$542
40 years$20,507$12,919$7,863$4,657$2,703$467
41 years$19,784$12,298$7,373$4,297$2,452$401
42 years$19,097$11,712$6,916$3,965$2,225$345
43 years$18,444$11,159$6,490$3,660$2,019$297
44 years$17,822$10,637$6,092$3,380$1,833$256
45 years$17,230$10,143$5,720$3,121$1,664$220
46 years$16,665$9,676$5,372$2,883$1,511$189
47 years$16,125$9,234$5,047$2,664$1,372$163
48 years$15,610$8,815$4,743$2,461$1,246$140
49 years$15,117$8,418$4,458$2,275$1,131$121
50 years$14,645$8,041$4,191$2,103$1,028$104

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 $4,818 every year, while hoping to spend $42,725 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: 67/25/8 Blend
56$15,000,000$15,000,000$15,000,000$15,000,000
57$16,534,970$15,739,970$15,507,470$17,617,980
58$18,176,078$16,465,769$15,981,511$19,063,410
59$19,983,147$17,225,701$16,470,001$20,637,441
60$21,973,059$18,021,392$16,973,377$22,357,085
61$24,164,420$18,854,549$17,492,094$24,236,564
62$26,577,727$19,726,958$18,026,616$26,291,520
63$29,235,571$20,640,495$18,577,423$28,539,163
64$32,162,843$21,597,123$19,145,010$30,998,428
65$35,386,971$22,598,900$19,729,887$33,690,148
66$38,938,182$23,647,986$20,332,577$36,637,250
67$42,849,781$24,746,641$20,953,623$39,864,964
68$47,158,470$25,897,238$21,593,581$43,401,054
69$51,904,692$27,102,261$22,253,024$47,276,083
70$57,133,015$28,364,317$22,932,545$51,523,687
71$62,892,550$29,686,135$23,632,752$56,180,895
72$69,237,413$31,070,579$24,354,273$61,288,466
73$76,227,243$32,520,651$25,097,754$66,891,273
74$83,927,755$34,039,496$25,863,862$73,038,718
75$92,411,367$35,630,412$26,653,283$79,785,191
76$101,757,881$37,296,858$27,466,723$87,190,579
77$112,055,238$39,042,456$28,304,910$95,320,822
78$123,400,343$40,871,007$29,168,596$104,248,529
79$135,899,986$42,786,495$30,058,552$114,053,656
80$149,671,847$44,793,095$30,975,576$124,824,250
81$164,845,604$46,895,186$31,920,486$136,657,277
82$181,564,162$49,097,357$32,894,129$149,659,520
83$199,984,999$51,404,419$33,897,375$163,948,587
84$220,281,652$53,821,419$34,931,120$179,654,005
85$242,645,356$56,353,644$35,996,288$196,918,434
86$267,286,850$59,006,640$37,093,831$215,899,003
87$294,438,363$61,786,220$38,224,729$236,768,783
88$324,355,811$64,698,480$39,389,993$259,718,409
89$357,321,208$67,749,810$40,590,662$284,957,865
90$393,645,330$70,946,909$41,827,808$312,718,456
91$433,670,650$74,296,804$43,102,535$343,254,976
92$477,774,567$77,806,858$44,415,981$376,848,101
93$526,372,973$81,484,794$45,769,317$413,807,024
94$579,924,177$85,338,710$47,163,749$454,472,353
95$638,933,230$89,377,094$48,600,522$499,219,321
96$703,956,696$93,608,847$50,080,915$548,461,298
97$775,607,901$98,043,303$51,606,249$602,653,687
98$854,562,730$102,690,248$53,177,881$662,298,199
99$941,566,000$107,559,942$54,797,211$727,947,569
100$1,037,438,496$112,663,143$56,465,682$800,210,757