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%14.1%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,199,338
2 years$625,475$613,826$602,537$591,591$580,973$560,177
3 years$412,841$401,142$389,881$379,038$368,593$348,353
4 years$306,545$294,882$283,734$273,075$262,884$243,356
5 years$242,784$231,191$220,189$209,748$199,840$181,081
6 years$200,291$188,785$177,945$167,737$158,127$140,157
7 years$169,950$158,541$147,873$137,906$128,599$111,425
8 years$147,205$135,899$125,408$115,686$106,686$90,303
9 years$129,524$118,325$108,014$98,539$89,845$74,244
10 years$115,387$104,297$94,169$84,941$76,552$61,721
11 years$103,829$92,850$82,905$73,924$65,837$51,759
12 years$94,203$83,337$73,576$64,842$57,053$43,710
13 years$86,065$75,312$65,735$57,245$49,752$37,122
14 years$79,095$68,457$59,064$50,816$43,612$31,676
15 years$73,060$62,537$53,326$45,319$38,399$27,133
16 years$67,785$57,376$48,348$40,578$33,937$23,318
17 years$63,135$52,841$43,995$36,459$30,091$20,094
18 years$59,006$48,828$40,162$32,857$26,756$17,356
19 years$55,316$45,253$36,766$29,689$23,848$15,021
20 years$52,000$42,051$33,742$26,889$21,302$13,022
21 years$49,003$39,169$31,036$24,404$19,062$11,305
22 years$46,282$36,563$28,605$22,189$17,087$9,827
23 years$43,802$34,197$26,411$20,208$15,338$8,551
24 years$41,531$32,040$24,426$18,431$13,786$7,448
25 years$39,446$30,068$22,623$16,832$12,405$6,492
26 years$37,524$28,259$20,982$15,390$11,174$5,663
27 years$35,747$26,595$19,484$14,087$10,075$4,943
28 years$34,100$25,060$18,113$12,907$9,091$4,316
29 years$32,570$23,642$16,855$11,836$8,209$3,771
30 years$31,144$22,327$15,700$10,862$7,417$3,296
31 years$29,813$21,106$14,637$9,976$6,706$2,882
32 years$28,568$19,971$13,656$9,168$6,066$2,520
33 years$27,400$18,913$12,751$8,431$5,489$2,205
34 years$26,304$17,925$11,914$7,757$4,970$1,929
35 years$25,272$17,002$11,139$7,141$4,502$1,688
36 years$24,300$16,137$10,420$6,577$4,079$1,478
37 years$23,383$15,326$9,753$6,060$3,697$1,294
38 years$22,516$14,566$9,133$5,585$3,351$1,133
39 years$21,695$13,850$8,557$5,150$3,039$992
40 years$20,918$13,178$8,020$4,750$2,757$869
41 years$20,180$12,544$7,520$4,382$2,501$761
42 years$19,479$11,946$7,054$4,044$2,269$667
43 years$18,813$11,382$6,620$3,734$2,059$584
44 years$18,179$10,850$6,214$3,447$1,869$512
45 years$17,574$10,346$5,834$3,184$1,697$448
46 years$16,998$9,870$5,480$2,941$1,541$393
47 years$16,448$9,419$5,148$2,717$1,399$344
48 years$15,922$8,992$4,838$2,511$1,271$301
49 years$15,419$8,587$4,547$2,320$1,154$264
50 years$14,938$8,202$4,275$2,145$1,048$231

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 $3,358 every year, while hoping to spend $53,628 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: 71/24/5 Blend
56$15,300,000$15,300,000$15,300,000$15,300,000
57$16,864,064$16,053,164$15,816,014$18,053,320
58$18,527,139$16,782,709$16,288,790$19,567,841
59$20,358,049$17,546,205$16,775,608$21,217,910
60$22,373,859$18,345,257$17,276,879$23,022,352
61$24,593,369$19,181,552$17,793,031$24,996,323
62$27,037,297$20,056,851$18,324,502$27,156,499
63$29,728,470$20,973,006$18,871,742$29,521,232
64$32,692,044$21,931,954$19,435,215$32,110,713
65$35,955,738$22,935,724$20,015,400$34,947,169
66$39,550,095$23,986,447$20,612,788$38,055,058
67$43,508,773$25,086,351$21,227,885$41,461,301
68$47,868,861$26,237,775$21,861,211$45,195,534
69$52,671,226$27,443,167$22,513,303$49,290,378
70$57,960,904$28,705,096$23,184,712$53,781,743
71$63,787,522$30,026,251$23,876,005$58,709,166
72$70,205,765$31,409,452$24,587,767$64,116,173
73$77,275,893$32,857,657$25,320,598$70,050,691
74$85,064,313$34,373,960$26,075,117$76,565,486
75$93,644,200$35,961,611$26,851,960$83,718,665
76$103,096,190$37,624,011$27,651,782$91,574,209
77$113,509,141$39,364,728$28,475,257$100,202,576
78$124,980,974$41,187,500$29,323,078$109,681,358
79$137,619,591$43,096,246$30,195,959$120,096,004
80$151,543,900$45,095,072$31,094,634$131,540,621
81$166,884,932$47,188,285$32,019,859$144,118,855
82$183,787,082$49,380,398$32,972,411$157,944,859
83$202,409,467$51,676,140$33,953,090$173,144,364
84$222,927,433$54,080,472$34,962,719$189,855,853
85$245,534,206$56,598,589$36,002,144$208,231,863
86$270,442,717$59,235,942$37,072,238$228,440,414
87$297,887,613$61,998,242$38,173,897$250,666,582
88$328,127,470$64,891,476$39,308,043$275,114,238
89$361,447,235$67,921,922$40,475,625$302,007,959
90$398,160,915$71,096,158$41,677,621$331,595,139
91$438,614,541$74,421,083$42,915,034$364,148,308
92$483,189,436$77,903,927$44,188,899$399,967,695
93$532,305,810$81,552,272$45,500,279$439,384,044
94$586,426,733$85,374,063$46,850,269$482,761,728
95$646,062,500$89,377,633$48,239,993$530,502,169
96$711,775,454$93,571,715$49,670,611$583,047,614
97$784,185,287$97,965,466$51,143,314$640,885,290
98$863,974,899$102,568,487$52,659,328$704,551,992
99$951,896,837$107,390,840$54,219,913$774,639,127
100$1,048,780,402$112,443,079$55,826,368$851,798,281