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%19.3%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,189,773
2 years$633,651$621,850$610,413$599,324$588,568$542,532
3 years$418,238$406,386$394,978$383,993$373,411$329,007
4 years$310,552$298,737$287,443$276,645$266,320$223,886
5 years$245,958$234,213$223,067$212,490$202,452$162,098
6 years$202,909$191,253$180,271$169,930$160,194$121,948
7 years$172,172$160,614$149,806$139,709$130,280$94,132
8 years$149,130$137,676$127,048$117,198$108,080$73,996
9 years$131,217$119,871$109,426$99,827$91,019$58,952
10 years$116,896$105,661$95,400$86,052$77,553$47,445
11 years$105,186$94,064$83,989$74,891$66,698$38,483
12 years$95,434$84,426$74,538$65,689$57,799$31,406
13 years$87,190$76,297$66,595$57,994$50,402$25,755
14 years$80,129$69,352$59,836$51,480$44,182$21,204
15 years$74,015$63,354$54,024$45,911$38,901$17,512
16 years$68,671$58,126$48,980$41,109$34,381$14,500
17 years$63,960$53,532$44,570$36,936$30,485$12,031
18 years$59,778$49,466$40,687$33,287$27,106$10,000
19 years$56,040$45,845$37,247$30,077$24,160$8,324
20 years$52,680$42,601$34,183$27,241$21,580$6,936
21 years$49,644$39,681$31,442$24,723$19,312$5,786
22 years$46,887$37,041$28,979$22,479$17,310$4,830
23 years$44,374$34,644$26,757$20,472$15,539$4,035
24 years$42,074$32,459$24,745$18,671$13,966$3,373
25 years$39,961$30,461$22,919$17,052$12,568$2,820
26 years$38,014$28,628$21,256$15,591$11,320$2,359
27 years$36,214$26,943$19,738$14,271$10,206$1,974
28 years$34,546$25,388$18,349$13,075$9,209$1,653
29 years$32,996$23,951$17,076$11,990$8,316$1,384
30 years$31,551$22,619$15,905$11,004$7,514$1,159
31 years$30,203$21,382$14,828$10,106$6,793$971
32 years$28,941$20,232$13,835$9,288$6,145$813
33 years$27,758$19,160$12,918$8,541$5,561$681
34 years$26,647$18,159$12,070$7,859$5,035$571
35 years$25,602$17,224$11,284$7,234$4,560$478
36 years$24,618$16,348$10,556$6,663$4,132$401
37 years$23,688$15,527$9,880$6,139$3,745$336
38 years$22,810$14,756$9,252$5,658$3,395$281
39 years$21,979$14,031$8,669$5,217$3,079$236
40 years$21,191$13,350$8,125$4,812$2,793$198
41 years$20,444$12,708$7,619$4,440$2,534$166
42 years$19,734$12,102$7,147$4,097$2,299$139
43 years$19,059$11,531$6,706$3,782$2,086$116
44 years$18,416$10,992$6,295$3,492$1,894$98
45 years$17,804$10,482$5,911$3,225$1,719$82
46 years$17,220$9,999$5,551$2,979$1,561$68
47 years$16,663$9,542$5,216$2,752$1,417$57
48 years$16,130$9,109$4,901$2,543$1,287$48
49 years$15,621$8,699$4,607$2,351$1,169$40
50 years$15,133$8,309$4,331$2,173$1,062$34

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 $4,040 every year, while hoping to spend $36,789 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: 51/22/27 Blend
56$15,500,000$15,500,000$15,500,000$15,500,000
57$17,085,167$16,263,667$16,023,417$17,826,490
58$18,788,711$17,021,444$16,521,059$19,100,771
59$20,664,783$17,815,118$17,034,138$20,481,586
60$22,730,943$18,646,411$17,563,133$21,982,360
61$25,006,539$19,517,125$18,108,538$23,614,521
62$27,512,893$20,429,151$18,670,861$25,390,630
63$30,273,499$21,384,470$19,250,626$27,324,495
64$33,314,247$22,385,160$19,848,373$29,431,297
65$36,663,666$23,433,399$20,464,659$31,727,729
66$40,353,194$24,531,470$21,100,059$34,232,145
67$44,417,474$25,681,765$21,755,165$36,964,734
68$48,894,680$26,886,796$22,430,587$39,947,700
69$53,826,879$28,149,191$23,126,954$43,205,469
70$59,260,429$29,471,709$23,844,914$46,764,912
71$65,246,412$30,857,242$24,585,138$50,655,591
72$71,841,120$32,308,821$25,348,314$54,910,037
73$79,106,584$33,829,623$26,135,153$59,564,045
74$87,111,163$35,422,982$26,946,387$64,657,005
75$95,930,183$37,092,389$27,782,773$70,232,272
76$105,646,654$38,841,509$28,645,089$76,337,560
77$116,352,051$40,674,181$29,534,137$83,025,390
78$128,147,175$42,594,431$30,450,746$90,353,576
79$141,143,110$44,606,480$31,395,768$98,385,760
80$155,462,264$46,714,755$32,370,084$107,192,007
81$171,239,533$48,923,896$33,374,600$116,849,453
82$188,623,567$51,238,769$34,410,250$127,443,029
83$207,778,177$53,664,475$35,478,000$139,066,244
84$228,883,880$56,206,363$36,578,842$151,822,065
85$252,139,603$58,870,042$37,713,800$165,823,873
86$277,764,561$61,661,393$38,883,931$181,196,523
87$306,000,327$64,586,581$40,090,323$198,077,512
88$337,113,110$67,652,073$41,334,098$216,618,260
89$371,396,270$70,864,648$42,616,414$236,985,527
90$409,173,087$74,231,414$43,938,462$259,362,979
91$450,799,814$77,759,824$45,301,472$283,952,899
92$496,669,035$81,457,696$46,706,711$310,978,085
93$547,213,378$85,333,224$48,155,487$340,683,939
94$602,909,593$89,395,002$49,649,146$373,340,763
95$664,283,056$93,652,042$51,189,077$409,246,297
96$731,912,727$98,113,792$52,776,711$448,728,508
97$806,436,618$102,790,161$54,413,524$492,148,670
98$888,557,814$107,691,539$56,101,037$539,904,753
99$979,051,108$112,828,821$57,840,819$592,435,160
100$1,078,770,320$118,213,433$59,634,486$650,222,842