Can I retire at age 57 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,185,390
2 years$629,563$617,838$606,475$595,457$584,770$542,264
3 years$415,540$403,764$392,429$381,515$371,002$329,954
4 years$308,549$296,809$285,588$274,860$264,602$225,324
5 years$244,371$232,702$221,628$211,119$201,146$163,743
6 years$201,600$190,019$179,108$168,834$159,160$123,660
7 years$171,061$159,577$148,840$138,807$129,440$95,837
8 years$148,168$136,787$126,228$116,442$107,383$75,650
9 years$130,371$119,098$108,720$99,183$90,432$60,529
10 years$116,142$104,979$94,785$85,497$77,052$48,929
11 years$104,507$93,457$83,447$74,408$66,268$39,868
12 years$94,819$83,882$74,057$65,265$57,426$32,689
13 years$86,627$75,805$66,165$57,620$50,077$26,936
14 years$79,612$68,904$59,450$51,148$43,897$22,285
15 years$73,538$62,945$53,675$45,615$38,650$18,496
16 years$68,228$57,751$48,664$40,844$34,159$15,393
17 years$63,548$53,187$44,283$36,698$30,288$12,838
18 years$59,392$49,147$40,424$33,072$26,931$10,727
19 years$55,678$45,549$37,006$29,883$24,004$8,976
20 years$52,340$42,326$33,963$27,065$21,441$7,521
21 years$49,323$39,425$31,239$24,563$19,187$6,307
22 years$46,585$36,802$28,792$22,334$17,198$5,294
23 years$44,088$34,420$26,584$20,340$15,438$4,447
24 years$41,803$32,249$24,586$18,551$13,876$3,738
25 years$39,704$30,264$22,771$16,942$12,487$3,143
26 years$37,769$28,444$21,119$15,491$11,247$2,645
27 years$35,981$26,769$19,611$14,179$10,141$2,226
28 years$34,323$25,224$18,231$12,991$9,150$1,874
29 years$32,783$23,796$16,966$11,913$8,262$1,578
30 years$31,348$22,473$15,803$10,933$7,465$1,329
31 years$30,008$21,244$14,732$10,041$6,749$1,119
32 years$28,754$20,101$13,746$9,228$6,105$943
33 years$27,579$19,036$12,834$8,486$5,525$795
34 years$26,475$18,042$11,992$7,808$5,003$670
35 years$25,437$17,113$11,211$7,188$4,531$564
36 years$24,459$16,242$10,488$6,620$4,105$476
37 years$23,535$15,427$9,817$6,099$3,721$401
38 years$22,663$14,661$9,193$5,622$3,373$338
39 years$21,837$13,941$8,613$5,183$3,059$285
40 years$21,054$13,264$8,073$4,781$2,775$240
41 years$20,312$12,626$7,570$4,411$2,517$202
42 years$19,606$12,024$7,101$4,071$2,284$171
43 years$18,936$11,457$6,663$3,758$2,073$144
44 years$18,297$10,921$6,254$3,470$1,882$121
45 years$17,689$10,414$5,873$3,204$1,708$102
46 years$17,109$9,934$5,516$2,960$1,551$86
47 years$16,555$9,481$5,182$2,735$1,408$73
48 years$16,026$9,050$4,869$2,527$1,279$61
49 years$15,520$8,643$4,577$2,335$1,162$52
50 years$15,036$8,256$4,303$2,159$1,055$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,400,000, adding $3,004 every year, while hoping to spend $43,592 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: 63/13/24 Blend
56$15,400,000$15,400,000$15,400,000$15,400,000
57$16,973,899$16,157,699$15,918,999$17,936,029
58$18,658,855$16,903,044$16,405,904$19,332,134
59$20,514,215$17,683,451$16,907,659$20,851,231
60$22,557,316$18,500,590$17,424,716$22,509,476
61$24,807,258$19,356,215$17,957,540$24,320,487
62$27,285,090$20,252,162$18,506,610$26,299,244
63$30,014,008$21,190,356$19,072,419$28,462,238
64$33,019,569$22,172,816$19,655,478$30,827,613
65$36,329,938$23,201,657$20,256,309$33,415,341
66$39,976,149$24,279,095$20,875,452$36,247,405
67$43,992,401$25,407,456$21,513,465$39,348,002
68$48,416,379$26,589,174$22,170,919$42,743,771
69$53,289,611$27,826,805$22,848,406$46,464,037
70$58,657,857$29,123,024$23,546,534$50,541,087
71$64,571,545$30,480,639$24,265,929$55,010,467
72$71,086,242$31,902,590$25,007,237$59,911,318
73$78,263,183$33,391,961$25,771,124$65,286,739
74$86,169,845$34,951,985$26,558,274$71,184,187
75$94,880,588$36,586,051$27,369,395$77,655,923
76$104,477,351$38,297,710$28,205,212$84,759,502
77$115,050,430$40,090,687$29,066,477$92,558,305
78$126,699,330$41,968,887$29,953,959$101,122,138
79$139,533,700$43,936,401$30,868,456$110,527,884
80$153,674,374$45,997,522$31,810,786$120,860,220
81$169,254,507$48,156,747$32,781,794$132,212,412
82$186,420,831$50,418,792$33,782,349$144,687,192
83$205,335,045$52,788,602$34,813,346$158,397,716
84$226,175,337$55,271,360$35,875,710$173,468,628
85$249,138,066$57,872,501$36,970,391$190,037,232
86$274,439,617$60,597,723$38,098,368$208,254,775
87$302,318,446$63,452,999$39,260,651$228,287,871
88$333,037,323$66,444,592$40,458,279$250,320,064
89$366,885,822$69,579,068$41,692,323$274,553,555
90$404,183,046$72,863,313$42,963,886$301,211,097
91$445,280,645$76,304,544$44,274,104$330,538,094
92$490,566,134$79,910,329$45,624,150$362,804,904
93$540,466,548$83,688,604$47,015,228$398,309,382
94$595,452,479$87,647,689$48,448,581$437,379,684
95$656,042,513$91,796,307$49,925,489$480,377,351
96$722,808,128$96,143,604$51,447,272$527,700,713
97$796,379,087$100,699,171$53,015,286$579,788,633
98$877,449,387$105,473,064$54,630,931$637,124,645
99$966,783,806$110,475,825$56,295,649$700,241,500
100$1,065,225,126$115,718,512$58,010,924$769,726,182