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%13.8%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,216,517
2 years$633,651$621,850$610,413$599,324$588,568$568,998
3 years$418,238$406,386$394,978$383,993$373,411$354,355
4 years$310,552$298,737$287,443$276,645$266,320$247,925
5 years$245,958$234,213$223,067$212,490$202,452$184,770
6 years$202,909$191,253$180,271$169,930$160,194$143,246
7 years$172,172$160,614$149,806$139,709$130,280$114,072
8 years$149,130$137,676$127,048$117,198$108,080$92,608
9 years$131,217$119,871$109,426$99,827$91,019$76,276
10 years$116,896$105,661$95,400$86,052$77,553$63,526
11 years$105,186$94,064$83,989$74,891$66,698$53,373
12 years$95,434$84,426$74,538$65,689$57,799$45,160
13 years$87,190$76,297$66,595$57,994$50,402$38,430
14 years$80,129$69,352$59,836$51,480$44,182$32,858
15 years$74,015$63,354$54,024$45,911$38,901$28,204
16 years$68,671$58,126$48,980$41,109$34,381$24,289
17 years$63,960$53,532$44,570$36,936$30,485$20,975
18 years$59,778$49,466$40,687$33,287$27,106$18,157
19 years$56,040$45,845$37,247$30,077$24,160$15,748
20 years$52,680$42,601$34,183$27,241$21,580$13,683
21 years$49,644$39,681$31,442$24,723$19,312$11,906
22 years$46,887$37,041$28,979$22,479$17,310$10,373
23 years$44,374$34,644$26,757$20,472$15,539$9,047
24 years$42,074$32,459$24,745$18,671$13,966$7,899
25 years$39,961$30,461$22,919$17,052$12,568$6,901
26 years$38,014$28,628$21,256$15,591$11,320$6,034
27 years$36,214$26,943$19,738$14,271$10,206$5,280
28 years$34,546$25,388$18,349$13,075$9,209$4,622
29 years$32,996$23,951$17,076$11,990$8,316$4,048
30 years$31,551$22,619$15,905$11,004$7,514$3,547
31 years$30,203$21,382$14,828$10,106$6,793$3,109
32 years$28,941$20,232$13,835$9,288$6,145$2,725
33 years$27,758$19,160$12,918$8,541$5,561$2,390
34 years$26,647$18,159$12,070$7,859$5,035$2,097
35 years$25,602$17,224$11,284$7,234$4,560$1,840
36 years$24,618$16,348$10,556$6,663$4,132$1,614
37 years$23,688$15,527$9,880$6,139$3,745$1,417
38 years$22,810$14,756$9,252$5,658$3,395$1,244
39 years$21,979$14,031$8,669$5,217$3,079$1,092
40 years$21,191$13,350$8,125$4,812$2,793$959
41 years$20,444$12,708$7,619$4,440$2,534$842
42 years$19,734$12,102$7,147$4,097$2,299$739
43 years$19,059$11,531$6,706$3,782$2,086$649
44 years$18,416$10,992$6,295$3,492$1,894$570
45 years$17,804$10,482$5,911$3,225$1,719$501
46 years$17,220$9,999$5,551$2,979$1,561$440
47 years$16,663$9,542$5,216$2,752$1,417$387
48 years$16,130$9,109$4,901$2,543$1,287$340
49 years$15,621$8,699$4,607$2,351$1,169$298
50 years$15,133$8,309$4,331$2,173$1,062$262

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 $5,687 every year, while hoping to spend $48,567 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: 65/11/24 Blend
56$15,500,000$15,500,000$15,500,000$15,500,000
57$17,086,866$16,265,366$16,025,116$18,090,585
58$18,778,052$17,010,694$16,510,283$19,512,913
59$20,640,110$17,790,916$17,010,074$21,060,833
60$22,690,420$18,607,689$17,524,930$22,751,556
61$24,948,129$19,462,752$18,055,302$24,599,110
62$27,434,338$20,357,927$18,601,654$26,618,936
63$30,172,298$21,295,122$19,164,467$28,828,026
64$33,187,628$22,276,339$19,744,233$31,245,087
65$36,508,562$23,303,676$20,341,460$33,890,709
66$40,166,208$24,379,329$20,956,672$36,787,559
67$44,194,849$25,505,603$21,590,408$39,960,593
68$48,632,259$26,684,913$22,243,222$43,437,286
69$53,520,065$27,919,789$22,915,685$47,247,888
70$58,904,137$29,212,885$23,608,387$51,425,710
71$64,835,024$30,566,981$24,321,932$56,007,429
72$71,368,424$31,984,991$25,056,945$61,033,435
73$78,565,719$33,469,971$25,814,068$66,548,207
74$86,494,546$35,025,123$26,593,963$72,600,726
75$95,229,439$36,653,804$27,397,311$79,244,939
76$104,852,534$38,359,533$28,224,813$86,540,260
77$115,454,340$40,145,997$29,077,191$94,552,124
78$127,134,596$42,017,064$29,955,190$103,352,606
79$140,003,211$43,976,786$30,859,575$113,021,093
80$154,181,303$46,029,413$31,791,135$123,645,026
81$169,802,339$48,179,398$32,750,682$135,320,724
82$187,013,400$50,431,411$33,739,052$148,154,286
83$205,976,562$52,790,345$34,757,106$162,262,588
84$226,870,432$55,261,333$35,805,730$177,774,377
85$249,891,832$57,849,754$36,885,837$194,831,484
86$275,257,653$60,561,246$37,998,367$213,590,153
87$303,206,909$63,401,723$39,144,288$234,222,511
88$334,002,988$66,377,381$40,324,596$256,918,186
89$367,936,140$69,494,720$41,540,317$281,886,089
90$405,326,216$72,760,551$42,792,507$309,356,377
91$446,525,688$76,182,016$44,082,254$339,582,621
92$491,922,977$79,766,603$45,410,678$372,844,188
93$541,946,116$83,522,163$46,778,932$409,448,871
94$597,066,797$87,456,925$48,188,202$449,735,786
95$657,804,815$91,579,519$49,639,712$494,078,563
96$724,732,983$95,898,992$51,134,719$542,888,865
97$798,482,534$100,424,830$52,674,519$596,620,259
98$879,749,084$105,166,978$54,260,447$655,772,493
99$969,299,193$110,135,863$55,893,875$720,896,200
100$1,067,977,609$115,342,418$57,576,217$792,598,085