Can I retire at age 57 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,198,353
2 years$625,475$613,826$602,537$591,591$580,973$559,194
3 years$412,841$401,142$389,881$379,038$368,593$347,404
4 years$306,545$294,882$283,734$273,075$262,884$242,448
5 years$242,784$231,191$220,189$209,748$199,840$180,216
6 years$200,291$188,785$177,945$167,737$158,127$139,337
7 years$169,950$158,541$147,873$137,906$128,599$110,648
8 years$147,205$135,899$125,408$115,686$106,686$89,570
9 years$129,524$118,325$108,014$98,539$89,845$73,554
10 years$115,387$104,297$94,169$84,941$76,552$61,072
11 years$103,829$92,850$82,905$73,924$65,837$51,151
12 years$94,203$83,337$73,576$64,842$57,053$43,140
13 years$86,065$75,312$65,735$57,245$49,752$36,590
14 years$79,095$68,457$59,064$50,816$43,612$31,180
15 years$73,060$62,537$53,326$45,319$38,399$26,672
16 years$67,785$57,376$48,348$40,578$33,937$22,889
17 years$63,135$52,841$43,995$36,459$30,091$19,696
18 years$59,006$48,828$40,162$32,857$26,756$16,988
19 years$55,316$45,253$36,766$29,689$23,848$14,680
20 years$52,000$42,051$33,742$26,889$21,302$12,708
21 years$49,003$39,169$31,036$24,404$19,062$11,016
22 years$46,282$36,563$28,605$22,189$17,087$9,561
23 years$43,802$34,197$26,411$20,208$15,338$8,306
24 years$41,531$32,040$24,426$18,431$13,786$7,223
25 years$39,446$30,068$22,623$16,832$12,405$6,287
26 years$37,524$28,259$20,982$15,390$11,174$5,475
27 years$35,747$26,595$19,484$14,087$10,075$4,771
28 years$34,100$25,060$18,113$12,907$9,091$4,160
29 years$32,570$23,642$16,855$11,836$8,209$3,628
30 years$31,144$22,327$15,700$10,862$7,417$3,166
31 years$29,813$21,106$14,637$9,976$6,706$2,763
32 years$28,568$19,971$13,656$9,168$6,066$2,413
33 years$27,400$18,913$12,751$8,431$5,489$2,107
34 years$26,304$17,925$11,914$7,757$4,970$1,841
35 years$25,272$17,002$11,139$7,141$4,502$1,608
36 years$24,300$16,137$10,420$6,577$4,079$1,405
37 years$23,383$15,326$9,753$6,060$3,697$1,228
38 years$22,516$14,566$9,133$5,585$3,351$1,074
39 years$21,695$13,850$8,557$5,150$3,039$939
40 years$20,918$13,178$8,020$4,750$2,757$821
41 years$20,180$12,544$7,520$4,382$2,501$718
42 years$19,479$11,946$7,054$4,044$2,269$627
43 years$18,813$11,382$6,620$3,734$2,059$549
44 years$18,179$10,850$6,214$3,447$1,869$480
45 years$17,574$10,346$5,834$3,184$1,697$420
46 years$16,998$9,870$5,480$2,941$1,541$367
47 years$16,448$9,419$5,148$2,717$1,399$321
48 years$15,922$8,992$4,838$2,511$1,271$281
49 years$15,419$8,587$4,547$2,320$1,154$246
50 years$14,938$8,202$4,275$2,145$1,048$215

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,300,000, adding $2,336 every year, while hoping to spend $37,553 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: 48/44/8 Blend
56$15,300,000$15,300,000$15,300,000$15,300,000
57$16,863,010$16,052,110$15,814,960$17,636,274
58$18,543,080$16,798,707$16,304,805$18,913,165
59$20,393,260$17,580,629$16,809,801$20,294,585
60$22,430,859$18,399,567$17,330,416$21,793,522
61$24,674,955$19,257,293$17,867,133$23,420,925
62$27,146,567$20,155,667$18,420,448$25,188,812
63$29,868,858$21,096,636$18,990,875$27,110,376
64$32,867,354$22,082,244$19,578,941$29,200,106
65$36,170,180$23,114,629$20,185,192$31,473,912
66$39,808,330$24,196,038$20,810,188$33,949,273
67$43,815,959$25,328,823$21,454,508$36,645,387
68$48,230,702$26,515,451$22,118,749$39,583,350
69$53,094,033$27,758,507$22,803,526$42,786,345
70$58,451,653$29,060,702$23,509,473$46,279,851
71$64,353,924$30,424,879$24,237,243$50,091,871
72$70,856,343$31,854,017$24,987,510$54,253,193
73$78,020,066$33,351,240$25,760,967$58,797,666
74$85,912,484$34,919,822$26,558,331$63,762,508
75$94,607,862$36,563,198$27,380,340$69,188,646
76$104,188,036$38,284,967$28,227,753$75,121,095
77$114,743,188$40,088,903$29,101,355$81,609,363
78$126,372,697$41,978,962$30,001,954$88,707,912
79$139,186,075$43,959,295$30,930,383$96,476,652
80$153,304,004$46,034,250$31,887,500$104,981,499
81$168,859,471$48,208,387$32,874,190$114,294,976
82$185,999,028$50,486,488$33,891,366$124,496,884
83$204,884,170$52,873,568$34,939,968$135,675,042
84$225,692,864$55,374,881$36,020,966$147,926,091
85$248,621,225$57,995,939$37,135,357$161,356,397
86$273,885,371$60,742,521$38,284,173$176,083,030
87$301,723,461$63,620,687$39,468,475$192,234,849
88$332,397,942$66,636,789$40,689,357$209,953,704
89$366,198,029$69,797,488$41,947,947$229,395,744
90$403,442,433$73,109,770$43,245,409$250,732,876
91$444,482,371$76,580,959$44,582,939$274,154,359
92$489,704,880$80,218,732$45,961,775$299,868,567
93$539,536,472$84,031,145$47,383,188$328,104,929
94$594,447,159$88,026,638$48,848,493$359,116,071
95$654,954,893$92,214,067$50,359,041$393,180,165
96$721,630,451$96,602,715$51,916,227$430,603,530
97$795,102,825$101,202,316$53,521,489$471,723,492
98$876,065,163$106,023,079$55,176,308$516,911,531
99$965,281,307$111,075,708$56,882,212$566,576,756
100$1,063,593,009$116,371,426$58,640,775$621,169,733