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

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,223,084
2 years$633,651$621,850$610,413$599,324$588,568$575,569
3 years$418,238$406,386$394,978$383,993$373,411$360,725
4 years$310,552$298,737$287,443$276,645$266,320$254,044
5 years$245,958$234,213$223,067$212,490$202,452$190,623
6 years$202,909$191,253$180,271$169,930$160,194$148,825
7 years$172,172$160,614$149,806$139,709$130,280$119,377
8 years$149,130$137,676$127,048$117,198$108,080$97,641
9 years$131,217$119,871$109,426$99,827$91,019$81,042
10 years$116,896$105,661$95,400$86,052$77,553$68,030
11 years$105,186$94,064$83,989$74,891$66,698$57,622
12 years$95,434$84,426$74,538$65,689$57,799$49,161
13 years$87,190$76,297$66,595$57,994$50,402$42,191
14 years$80,129$69,352$59,836$51,480$44,182$36,388
15 years$74,015$63,354$54,024$45,911$38,901$31,511
16 years$68,671$58,126$48,980$41,109$34,381$27,383
17 years$63,960$53,532$44,570$36,936$30,485$23,865
18 years$59,778$49,466$40,687$33,287$27,106$20,852
19 years$56,040$45,845$37,247$30,077$24,160$18,258
20 years$52,680$42,601$34,183$27,241$21,580$16,017
21 years$49,644$39,681$31,442$24,723$19,312$14,074
22 years$46,887$37,041$28,979$22,479$17,310$12,383
23 years$44,374$34,644$26,757$20,472$15,539$10,909
24 years$42,074$32,459$24,745$18,671$13,966$9,621
25 years$39,961$30,461$22,919$17,052$12,568$8,492
26 years$38,014$28,628$21,256$15,591$11,320$7,503
27 years$36,214$26,943$19,738$14,271$10,206$6,633
28 years$34,546$25,388$18,349$13,075$9,209$5,867
29 years$32,996$23,951$17,076$11,990$8,316$5,193
30 years$31,551$22,619$15,905$11,004$7,514$4,599
31 years$30,203$21,382$14,828$10,106$6,793$4,074
32 years$28,941$20,232$13,835$9,288$6,145$3,611
33 years$27,758$19,160$12,918$8,541$5,561$3,201
34 years$26,647$18,159$12,070$7,859$5,035$2,839
35 years$25,602$17,224$11,284$7,234$4,560$2,518
36 years$24,618$16,348$10,556$6,663$4,132$2,234
37 years$23,688$15,527$9,880$6,139$3,745$1,983
38 years$22,810$14,756$9,252$5,658$3,395$1,760
39 years$21,979$14,031$8,669$5,217$3,079$1,563
40 years$21,191$13,350$8,125$4,812$2,793$1,387
41 years$20,444$12,708$7,619$4,440$2,534$1,232
42 years$19,734$12,102$7,147$4,097$2,299$1,094
43 years$19,059$11,531$6,706$3,782$2,086$972
44 years$18,416$10,992$6,295$3,492$1,894$863
45 years$17,804$10,482$5,911$3,225$1,719$767
46 years$17,220$9,999$5,551$2,979$1,561$681
47 years$16,663$9,542$5,216$2,752$1,417$605
48 years$16,130$9,109$4,901$2,543$1,287$538
49 years$15,621$8,699$4,607$2,351$1,169$478
50 years$15,133$8,309$4,331$2,173$1,062$425

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 $4,123 every year, while hoping to spend $27,932 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: 56/24/20 Blend
56$15,500,000$15,500,000$15,500,000$15,500,000
57$17,085,253$16,263,753$16,023,503$17,949,950
58$18,798,229$17,030,957$16,530,571$19,307,592
59$20,684,993$17,834,819$17,053,689$20,782,531
60$22,763,241$18,677,104$17,593,367$22,388,738
61$25,052,474$19,559,664$18,150,127$24,138,821
62$27,574,182$20,484,443$18,724,512$26,046,642
63$30,352,044$21,453,476$19,317,078$28,127,444
64$33,412,155$22,468,899$19,928,403$30,397,985
65$36,783,269$23,532,949$20,559,079$32,876,699
66$40,497,074$24,647,975$21,209,719$35,583,856
67$44,588,487$25,816,438$21,880,957$38,541,757
68$49,095,987$27,040,917$22,573,443$41,774,930
69$54,061,975$28,324,120$23,287,850$45,310,365
70$59,533,177$29,668,882$24,024,874$49,177,753
71$65,561,084$31,078,180$24,785,230$53,409,767
72$72,202,436$32,555,132$25,569,657$58,042,363
73$79,519,761$34,103,010$26,378,916$63,115,107
74$87,581,962$35,725,243$27,213,796$68,671,548
75$96,464,970$37,425,428$28,075,106$74,759,618
76$106,252,459$39,207,336$28,963,684$81,432,075
77$117,036,635$41,074,921$29,880,393$88,746,997
78$128,919,110$43,032,331$30,826,124$96,768,317
79$142,011,857$45,083,912$31,801,797$105,566,422
80$156,438,268$47,234,226$32,808,359$115,218,804
81$172,334,321$49,488,053$33,846,789$125,810,783
82$189,849,861$51,850,406$34,918,095$137,436,303
83$209,150,015$54,326,545$36,023,320$150,198,806
84$230,416,753$56,921,981$37,163,537$164,212,199
85$253,850,601$59,642,497$38,339,854$179,601,915
86$279,672,538$62,494,156$39,553,416$196,506,089
87$308,126,082$65,483,315$40,805,401$215,076,845
88$339,479,587$68,616,641$42,097,026$235,481,719
89$374,028,775$71,901,127$43,429,546$257,905,228
90$412,099,532$75,344,104$44,804,258$282,550,595
91$454,050,981$78,953,262$46,222,497$309,641,655
92$500,278,872$82,736,663$47,685,642$339,424,949
93$551,219,320$86,702,763$49,195,114$372,172,036
94$607,352,923$90,860,430$50,752,383$408,182,036
95$669,209,294$95,218,964$52,358,960$447,784,439
96$737,372,066$99,788,117$54,016,409$491,342,196
97$812,484,398$104,578,116$55,726,340$539,255,122
98$895,255,050$109,599,687$57,490,416$591,963,649
99$986,465,071$114,864,078$59,310,351$649,952,966
100$1,086,975,176$120,383,086$61,187,916$713,757,572