Can I retire at age 57 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,163,225
2 years$617,299$605,802$594,660$583,857$573,379$532,612
3 years$407,445$395,899$384,785$374,083$363,775$324,393
4 years$302,538$291,027$280,025$269,506$259,447$221,750
5 years$239,611$228,169$217,311$207,006$197,228$161,316
6 years$197,673$186,317$175,619$165,545$156,060$121,961
7 years$167,729$156,469$145,940$136,103$126,918$94,628
8 years$145,281$134,123$123,769$114,174$105,291$74,784
9 years$127,831$116,778$106,602$97,251$88,670$59,909
10 years$113,879$102,934$92,938$83,831$75,551$48,490
11 years$102,471$91,636$81,821$72,958$64,977$39,561
12 years$92,972$82,248$72,614$63,994$56,307$32,480
13 years$84,940$74,328$64,876$56,497$49,101$26,801
14 years$78,061$67,562$58,292$50,152$43,042$22,204
15 years$72,105$61,719$52,629$44,727$37,897$18,456
16 years$66,899$56,626$47,716$40,048$33,494$15,381
17 years$62,310$52,150$43,420$35,983$29,698$12,848
18 years$58,235$48,189$39,637$32,428$26,406$10,751
19 years$54,593$44,661$36,286$29,301$23,536$9,010
20 years$51,320$41,502$33,301$26,538$21,023$7,560
21 years$48,362$38,657$30,631$24,085$18,813$6,350
22 years$45,677$36,085$28,231$21,899$16,863$5,339
23 years$43,229$33,750$26,066$19,943$15,138$4,492
24 years$40,988$31,621$24,107$18,190$13,606$3,781
25 years$38,930$29,675$22,328$16,612$12,243$3,185
26 years$37,033$27,890$20,708$15,189$11,028$2,684
27 years$35,280$26,247$19,229$13,903$9,943$2,262
28 years$33,655$24,733$17,876$12,738$8,972$1,908
29 years$32,144$23,333$16,635$11,681$8,101$1,609
30 years$30,737$22,035$15,495$10,720$7,320$1,357
31 years$29,423$20,830$14,445$9,846$6,618$1,145
32 years$28,194$19,710$13,478$9,048$5,986$966
33 years$27,042$18,666$12,584$8,321$5,418$816
34 years$25,960$17,691$11,758$7,656$4,905$689
35 years$24,942$16,779$10,993$7,048$4,443$581
36 years$23,982$15,926$10,284$6,491$4,025$491
37 years$23,077$15,126$9,625$5,980$3,648$414
38 years$22,221$14,375$9,014$5,512$3,308$350
39 years$21,411$13,669$8,445$5,083$2,999$295
40 years$20,644$13,005$7,915$4,688$2,721$249
41 years$19,916$12,380$7,422$4,325$2,468$211
42 years$19,225$11,790$6,962$3,992$2,240$178
43 years$18,567$11,234$6,533$3,685$2,033$150
44 years$17,941$10,708$6,132$3,402$1,845$127
45 years$17,345$10,211$5,758$3,142$1,675$107
46 years$16,776$9,741$5,408$2,902$1,521$90
47 years$16,233$9,296$5,081$2,681$1,381$76
48 years$15,714$8,874$4,775$2,478$1,254$65
49 years$15,218$8,474$4,488$2,290$1,139$54
50 years$14,743$8,095$4,219$2,117$1,035$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,100,000, adding $5,346 every year, while hoping to spend $37,185 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: 51/40/9 Blend
56$15,100,000$15,100,000$15,100,000$15,100,000
57$16,645,714$15,845,414$15,611,364$17,455,640
58$18,304,013$16,582,275$16,094,781$18,745,153
59$20,130,211$17,353,996$16,593,145$20,141,775
60$22,141,396$18,162,245$17,106,919$21,659,128
61$24,356,396$19,008,773$17,636,578$23,308,570
62$26,795,959$19,895,412$18,182,613$25,102,578
63$29,482,945$20,824,087$18,745,530$27,054,855
64$32,442,549$21,796,810$19,325,849$29,180,454
65$35,702,532$22,815,696$19,924,107$31,495,913
66$39,293,484$23,882,959$20,540,858$34,019,406
67$43,249,116$25,000,921$21,176,674$36,770,907
68$47,606,575$26,172,015$21,832,142$39,772,368
69$52,406,795$27,398,794$22,507,868$43,047,924
70$57,694,885$28,683,931$23,204,478$46,624,106
71$63,520,551$30,030,233$23,922,617$50,530,087
72$69,938,571$31,440,637$24,662,948$54,797,950
73$77,009,305$32,918,228$25,426,156$59,462,974
74$84,799,269$34,466,236$26,212,947$64,563,965
75$93,381,762$36,088,049$27,024,048$70,143,608
76$102,837,558$37,787,220$27,860,210$76,248,860
77$113,255,667$39,567,472$28,722,206$82,931,380
78$124,734,177$41,432,710$29,610,831$90,248,009
79$137,381,177$43,387,027$30,526,908$98,261,290
80$151,315,781$45,434,715$31,471,284$107,040,045
81$166,669,249$47,580,274$32,444,830$116,660,016
82$183,586,227$49,828,423$33,448,446$127,204,561
83$202,226,113$52,184,107$34,483,061$138,765,425
84$222,764,562$54,652,513$35,549,628$151,443,596
85$245,395,141$57,239,080$36,649,135$165,350,237
86$270,331,160$59,949,509$37,782,595$180,607,718
87$297,807,683$62,789,780$38,951,057$197,350,757
88$328,083,748$65,766,160$40,155,598$215,727,669
89$361,444,811$68,885,223$41,397,332$235,901,748
90$398,205,443$72,153,860$42,677,404$258,052,788
91$438,712,297$75,579,299$43,996,996$282,378,757
92$483,347,383$79,169,115$45,357,326$309,097,645
93$532,531,669$82,931,255$46,759,650$338,449,495
94$586,729,063$86,874,050$48,205,262$370,698,650
95$646,450,784$91,006,236$49,695,495$406,136,215
96$712,260,195$95,336,972$51,231,725$445,082,783
97$784,778,116$99,875,864$52,815,368$487,891,429
98$864,688,687$104,632,985$54,447,887$534,951,016
99$952,745,827$109,618,895$56,130,785$586,689,835
100$1,049,780,351$114,844,671$57,865,616$643,579,610