Can I retire at age 57 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,167,671
2 years$621,387$609,814$598,598$587,724$577,176$532,940
3 years$410,143$398,520$387,333$376,560$366,184$323,501
4 years$304,542$292,955$281,879$271,291$261,166$220,361
5 years$241,198$229,680$218,750$208,377$198,534$159,715
6 years$198,982$187,551$176,782$166,641$157,093$120,287
7 years$168,840$157,505$146,907$137,005$127,759$92,956
8 years$146,243$135,011$124,589$114,930$105,988$73,159
9 years$128,678$117,551$107,308$97,895$89,257$58,357
10 years$114,633$103,616$93,554$84,386$76,052$47,025
11 years$103,150$92,243$82,363$73,441$65,407$38,192
12 years$93,587$82,792$73,095$64,418$56,680$31,210
13 years$85,502$74,820$65,306$56,871$49,426$25,630
14 years$78,578$68,009$58,678$50,484$43,327$21,130
15 years$72,583$62,128$52,978$45,023$38,148$17,476
16 years$67,342$57,001$48,032$40,313$33,716$14,491
17 years$62,722$52,496$43,707$36,221$29,895$12,042
18 years$58,621$48,509$39,899$32,642$26,581$10,024
19 years$54,955$44,957$36,526$29,495$23,692$8,356
20 years$51,660$41,776$33,522$26,714$21,162$6,974
21 years$48,683$38,913$30,833$24,244$18,938$5,826
22 years$45,980$36,324$28,418$22,044$16,975$4,872
23 years$43,515$33,973$26,239$20,076$15,238$4,076
24 years$41,260$31,831$24,266$18,310$13,696$3,412
25 years$39,188$29,871$22,476$16,722$12,324$2,858
26 years$37,279$28,074$20,845$15,290$11,101$2,395
27 years$35,514$26,421$19,356$13,995$10,009$2,007
28 years$33,877$24,897$17,994$12,822$9,031$1,683
29 years$32,357$23,487$16,745$11,758$8,155$1,411
30 years$30,941$22,181$15,598$10,791$7,368$1,184
31 years$29,618$20,968$14,541$9,911$6,662$993
32 years$28,381$19,840$13,567$9,108$6,026$833
33 years$27,221$18,789$12,668$8,376$5,454$699
34 years$26,132$17,808$11,836$7,707$4,938$587
35 years$25,107$16,890$11,066$7,094$4,472$492
36 years$24,141$16,032$10,352$6,534$4,052$413
37 years$23,230$15,226$9,689$6,020$3,672$347
38 years$22,368$14,470$9,073$5,549$3,329$291
39 years$21,553$13,760$8,501$5,116$3,019$244
40 years$20,781$13,091$7,968$4,719$2,739$205
41 years$20,048$12,462$7,471$4,354$2,485$172
42 years$19,352$11,868$7,008$4,018$2,254$145
43 years$18,690$11,308$6,576$3,709$2,046$121
44 years$18,060$10,779$6,173$3,425$1,857$102
45 years$17,459$10,279$5,796$3,163$1,686$86
46 years$16,887$9,805$5,444$2,922$1,531$72
47 years$16,340$9,357$5,115$2,699$1,390$60
48 years$15,818$8,933$4,806$2,494$1,262$51
49 years$15,318$8,530$4,518$2,305$1,147$43
50 years$14,841$8,149$4,247$2,131$1,041$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,200,000, adding $6,349 every year, while hoping to spend $41,842 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: 76/13/11 Blend
56$15,200,000$15,200,000$15,200,000$15,200,000
57$16,756,949$15,951,349$15,715,749$17,995,637
58$18,421,638$16,688,446$16,197,707$19,549,629
59$20,254,723$17,460,257$16,694,408$21,246,717
60$22,273,337$18,268,442$17,206,302$23,105,879
61$24,496,356$19,114,735$17,733,853$25,143,217
62$26,944,585$20,000,957$18,277,537$27,376,455
63$29,640,946$20,929,017$18,837,848$29,825,108
64$32,610,697$21,900,913$19,415,291$32,510,662
65$35,881,674$22,918,744$20,010,389$35,456,774
66$39,484,549$23,984,706$20,623,680$38,689,493
67$43,453,119$25,101,103$21,255,720$42,237,504
68$47,824,629$26,270,350$21,907,079$46,132,394
69$52,640,121$27,494,977$22,578,346$50,408,948
70$57,944,821$28,777,638$23,270,128$55,105,475
71$63,788,566$30,121,115$23,983,051$60,264,164
72$70,226,274$31,528,324$24,717,757$65,931,483
73$77,318,463$33,002,321$25,474,911$72,158,609
74$85,131,823$34,546,311$26,255,197$79,001,910
75$93,739,841$36,163,653$27,059,319$86,523,474
76$103,223,502$37,857,869$27,888,003$94,791,686
77$113,672,045$39,632,651$28,741,997$103,881,878
78$125,183,812$41,491,869$29,622,072$113,877,027
79$137,867,171$43,439,581$30,529,022$124,868,539
80$151,841,544$45,480,041$31,463,665$136,957,103
81$167,238,527$47,617,709$32,426,844$150,253,640
82$184,203,141$49,857,261$33,419,427$164,880,344
83$202,895,194$52,203,599$34,442,310$180,971,827
84$223,490,791$54,661,863$35,496,415$198,676,388
85$246,183,998$57,237,440$36,582,691$218,157,402
86$271,188,672$59,935,981$37,702,117$239,594,863
87$298,740,481$62,763,409$38,855,703$263,187,068
88$329,099,127$65,725,933$40,044,486$289,152,489
89$362,550,799$68,830,065$41,269,538$317,731,826
90$399,410,874$72,082,632$42,531,961$349,190,268
91$440,026,894$75,490,791$43,832,891$383,819,995
92$484,781,845$79,062,047$45,173,501$421,942,923
93$534,097,775$82,804,270$46,554,996$463,913,735
94$588,439,778$86,725,709$47,978,618$510,123,224
95$648,320,382$90,835,016$49,445,648$561,001,969
96$714,304,390$95,141,260$50,957,407$617,024,389
97$787,014,210$99,653,954$52,515,251$678,713,215
98$867,135,730$104,383,069$54,120,583$746,644,414
99$955,424,797$109,339,061$55,774,845$821,452,612
100$1,052,714,347$114,532,896$57,479,523$903,837,073