Can I retire at age 57 with 15,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,198,347
2 years$633,651$621,850$610,413$599,324$588,568$550,964
3 years$418,238$406,386$394,978$383,993$373,411$337,028
4 years$310,552$298,737$287,443$276,645$266,320$231,437
5 years$245,958$234,213$223,067$212,490$202,452$169,163
6 years$202,909$191,253$180,271$169,930$160,194$128,527
7 years$172,172$160,614$149,806$139,709$130,280$100,235
8 years$149,130$137,676$127,048$117,198$108,080$79,638
9 years$131,217$119,871$109,426$99,827$91,019$64,149
10 years$116,896$105,661$95,400$86,052$77,553$52,216
11 years$105,186$94,064$83,989$74,891$66,698$42,850
12 years$95,434$84,426$74,538$65,689$57,799$35,391
13 years$87,190$76,297$66,595$57,994$50,402$29,381
14 years$80,129$69,352$59,836$51,480$44,182$24,494
15 years$74,015$63,354$54,024$45,911$38,901$20,490
16 years$68,671$58,126$48,980$41,109$34,381$17,188
17 years$63,960$53,532$44,570$36,936$30,485$14,452
18 years$59,778$49,466$40,687$33,287$27,106$12,174
19 years$56,040$45,845$37,247$30,077$24,160$10,272
20 years$52,680$42,601$34,183$27,241$21,580$8,679
21 years$49,644$39,681$31,442$24,723$19,312$7,341
22 years$46,887$37,041$28,979$22,479$17,310$6,215
23 years$44,374$34,644$26,757$20,472$15,539$5,266
24 years$42,074$32,459$24,745$18,671$13,966$4,465
25 years$39,961$30,461$22,919$17,052$12,568$3,788
26 years$38,014$28,628$21,256$15,591$11,320$3,215
27 years$36,214$26,943$19,738$14,271$10,206$2,730
28 years$34,546$25,388$18,349$13,075$9,209$2,319
29 years$32,996$23,951$17,076$11,990$8,316$1,971
30 years$31,551$22,619$15,905$11,004$7,514$1,675
31 years$30,203$21,382$14,828$10,106$6,793$1,424
32 years$28,941$20,232$13,835$9,288$6,145$1,210
33 years$27,758$19,160$12,918$8,541$5,561$1,029
34 years$26,647$18,159$12,070$7,859$5,035$875
35 years$25,602$17,224$11,284$7,234$4,560$744
36 years$24,618$16,348$10,556$6,663$4,132$633
37 years$23,688$15,527$9,880$6,139$3,745$539
38 years$22,810$14,756$9,252$5,658$3,395$458
39 years$21,979$14,031$8,669$5,217$3,079$390
40 years$21,191$13,350$8,125$4,812$2,793$332
41 years$20,444$12,708$7,619$4,440$2,534$282
42 years$19,734$12,102$7,147$4,097$2,299$240
43 years$19,059$11,531$6,706$3,782$2,086$204
44 years$18,416$10,992$6,295$3,492$1,894$174
45 years$17,804$10,482$5,911$3,225$1,719$148
46 years$17,220$9,999$5,551$2,979$1,561$126
47 years$16,663$9,542$5,216$2,752$1,417$107
48 years$16,130$9,109$4,901$2,543$1,287$91
49 years$15,621$8,699$4,607$2,351$1,169$78
50 years$15,133$8,309$4,331$2,173$1,062$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,500,000, adding $2,702 every year, while hoping to spend $23,325 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: 66/23/11 Blend
56$15,500,000$15,500,000$15,500,000$15,500,000
57$17,083,787$16,262,287$16,022,037$18,170,218
58$18,801,516$17,034,322$16,533,958$19,666,294
59$20,693,671$17,843,404$17,062,246$21,297,826
60$22,778,020$18,691,325$17,607,425$23,080,438
61$25,074,140$19,579,962$18,170,037$25,028,883
62$27,603,607$20,511,285$18,750,637$27,159,391
63$30,390,194$21,487,357$19,349,803$29,489,818
64$33,460,101$22,510,345$19,968,128$32,039,807
65$36,842,196$23,582,516$20,606,225$34,830,975
66$40,568,294$24,706,253$21,264,728$37,887,106
67$44,673,451$25,884,051$21,944,288$41,234,375
68$49,196,302$27,118,528$22,645,580$44,901,588
69$54,179,417$28,412,428$23,369,299$48,920,451
70$59,669,710$29,768,630$24,116,163$53,325,859
71$65,718,879$31,190,151$24,886,913$58,156,227
72$72,383,893$32,680,157$25,682,313$63,453,840
73$79,727,531$34,241,967$26,503,152$69,265,250
74$87,818,977$35,879,060$27,350,245$75,641,705
75$96,734,465$37,595,087$28,224,431$82,639,631
76$106,558,009$39,393,874$29,126,577$90,321,154
77$117,382,188$41,279,436$30,057,580$98,754,679
78$129,309,024$43,255,981$31,018,362$108,015,529
79$142,450,943$45,327,924$32,009,876$118,186,647
80$156,931,839$47,499,892$33,033,106$129,359,373
81$172,888,240$49,776,740$34,089,069$141,634,291
82$190,470,598$52,163,558$35,178,810$155,122,178
83$209,844,711$54,665,684$36,303,413$169,945,032
84$231,193,287$57,288,717$37,463,992$186,237,217
85$254,717,666$60,038,528$38,661,699$204,146,721
86$280,639,725$62,921,274$39,897,724$223,836,539
87$309,203,972$65,943,411$41,173,292$245,486,204
88$340,679,850$69,111,711$42,489,670$269,293,466
89$375,364,285$72,433,275$43,848,165$295,476,148
90$413,584,489$75,915,552$45,250,125$324,274,185
91$455,701,044$79,566,351$46,696,941$355,951,881
92$502,111,312$83,393,864$48,190,050$390,800,384
93$553,253,183$87,406,681$49,730,934$429,140,422
94$609,609,211$91,613,811$51,321,124$471,325,314
95$671,711,166$96,024,703$52,962,197$517,744,285
96$740,145,057$100,649,266$54,655,783$568,826,129
97$815,556,665$105,497,893$56,403,563$625,043,233
98$898,657,636$110,581,481$58,207,275$686,916,020
99$990,232,204$115,911,462$60,068,707$755,017,838
100$1,091,144,589$121,499,824$61,989,709$829,980,357