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

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,156,778
2 years$617,299$605,802$594,660$583,857$573,379$526,287
3 years$407,445$395,899$384,785$374,083$363,775$318,391
4 years$302,538$291,027$280,025$269,506$259,447$216,116
5 years$239,611$228,169$217,311$207,006$197,228$156,060
6 years$197,673$186,317$175,619$165,545$156,060$117,082
7 years$167,729$156,469$145,940$136,103$126,918$90,118
8 years$145,281$134,123$123,769$114,174$105,291$70,631
9 years$127,831$116,778$106,602$97,251$88,670$56,098
10 years$113,879$102,934$92,938$83,831$75,551$45,005
11 years$102,471$91,636$81,821$72,958$64,977$36,385
12 years$92,972$82,248$72,614$63,994$56,307$29,594
13 years$84,940$74,328$64,876$56,497$49,101$24,187
14 years$78,061$67,562$58,292$50,152$43,042$19,843
15 years$72,105$61,719$52,629$44,727$37,897$16,329
16 years$66,899$56,626$47,716$40,048$33,494$13,472
17 years$62,310$52,150$43,420$35,983$29,698$11,137
18 years$58,235$48,189$39,637$32,428$26,406$9,222
19 years$54,593$44,661$36,286$29,301$23,536$7,647
20 years$51,320$41,502$33,301$26,538$21,023$6,348
21 years$48,362$38,657$30,631$24,085$18,813$5,275
22 years$45,677$36,085$28,231$21,899$16,863$4,386
23 years$43,229$33,750$26,066$19,943$15,138$3,650
24 years$40,988$31,621$24,107$18,190$13,606$3,039
25 years$38,930$29,675$22,328$16,612$12,243$2,531
26 years$37,033$27,890$20,708$15,189$11,028$2,109
27 years$35,280$26,247$19,229$13,903$9,943$1,758
28 years$33,655$24,733$17,876$12,738$8,972$1,465
29 years$32,144$23,333$16,635$11,681$8,101$1,222
30 years$30,737$22,035$15,495$10,720$7,320$1,019
31 years$29,423$20,830$14,445$9,846$6,618$850
32 years$28,194$19,710$13,478$9,048$5,986$709
33 years$27,042$18,666$12,584$8,321$5,418$592
34 years$25,960$17,691$11,758$7,656$4,905$494
35 years$24,942$16,779$10,993$7,048$4,443$412
36 years$23,982$15,926$10,284$6,491$4,025$344
37 years$23,077$15,126$9,625$5,980$3,648$287
38 years$22,221$14,375$9,014$5,512$3,308$239
39 years$21,411$13,669$8,445$5,083$2,999$200
40 years$20,644$13,005$7,915$4,688$2,721$167
41 years$19,916$12,380$7,422$4,325$2,468$139
42 years$19,225$11,790$6,962$3,992$2,240$116
43 years$18,567$11,234$6,533$3,685$2,033$97
44 years$17,941$10,708$6,132$3,402$1,845$81
45 years$17,345$10,211$5,758$3,142$1,675$68
46 years$16,776$9,741$5,408$2,902$1,521$56
47 years$16,233$9,296$5,081$2,681$1,381$47
48 years$15,714$8,874$4,775$2,478$1,254$39
49 years$15,218$8,474$4,488$2,290$1,139$33
50 years$14,743$8,095$4,219$2,117$1,035$27

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 $5,293 every year, while hoping to spend $59,496 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: 29/47/24 Blend
56$15,100,000$15,100,000$15,100,000$15,100,000
57$16,645,660$15,845,360$15,611,310$17,003,756
58$18,280,214$16,558,479$16,070,985$17,995,904
59$20,079,498$17,304,547$16,544,066$19,056,217
60$22,060,253$18,085,116$17,030,938$20,194,959
61$24,240,923$18,901,811$17,531,999$21,418,924
62$26,641,833$19,756,335$18,047,656$22,735,550
63$29,285,378$20,650,474$18,578,331$24,152,977
64$32,196,236$21,586,097$19,124,455$25,680,121
65$35,401,600$22,565,163$19,686,472$27,326,748
66$38,931,433$23,589,726$20,264,839$29,103,561
67$42,818,754$24,661,938$20,860,026$31,022,289
68$47,099,946$25,784,051$21,472,515$33,095,789
69$51,815,099$26,958,429$22,102,804$35,338,163
70$57,008,394$28,187,547$22,751,402$37,764,877
71$62,728,512$29,473,998$23,418,836$40,392,897
72$69,029,098$30,820,501$24,105,644$43,240,842
73$75,969,264$32,229,905$24,812,382$46,329,144
74$83,614,153$33,705,194$25,539,621$49,680,237
75$92,035,545$35,249,497$26,287,947$53,318,746
76$101,312,541$36,866,093$27,057,963$57,271,718
77$111,532,306$38,558,416$27,850,290$61,568,857
78$122,790,892$40,330,070$28,665,565$66,242,793
79$135,194,145$42,184,826$29,504,445$71,329,376
80$148,858,706$44,126,640$30,367,602$76,867,999
81$163,913,107$46,159,659$31,255,729$82,901,954
82$180,498,988$48,288,226$32,169,540$89,478,825
83$198,772,431$50,516,895$33,109,766$96,650,921
84$218,905,435$52,850,439$34,077,159$104,475,749
85$241,087,540$55,293,861$35,072,494$113,016,540
86$265,527,612$57,852,403$36,096,566$122,342,826
87$292,455,820$60,531,562$37,150,192$132,531,078
88$322,125,803$63,337,098$38,234,213$143,665,403
89$354,817,068$66,275,050$39,349,493$155,838,316
90$390,837,628$69,351,745$40,496,919$169,151,594
91$430,526,904$72,573,819$41,677,404$183,717,206
92$474,258,938$75,948,226$42,891,887$199,658,350
93$522,445,915$79,482,255$44,141,331$217,110,585
94$575,542,060$83,183,547$45,426,727$236,223,087
95$634,047,921$87,060,112$46,749,093$257,160,022
96$698,515,098$91,120,346$48,109,477$280,102,070
97$769,551,447$95,373,052$49,508,954$305,248,098
98$847,826,820$99,827,457$50,948,629$332,816,999
99$934,079,387$104,493,234$52,429,639$363,049,730
100$1,029,122,603$109,380,521$53,953,151$396,211,544