Can I retire at age 57 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,194,610
2 years$637,739$625,862$614,351$603,190$592,365$543,252
3 years$420,936$409,008$397,526$386,470$375,821$328,496
4 years$312,556$300,664$289,297$278,430$268,038$222,863
5 years$247,545$235,724$224,506$213,861$203,758$160,847
6 years$204,218$192,487$181,434$171,026$161,227$120,607
7 years$173,283$161,650$150,773$140,610$131,121$92,778
8 years$150,092$138,564$127,867$117,954$108,777$72,672
9 years$132,064$120,645$110,132$100,471$91,606$57,684
10 years$117,650$106,342$96,016$86,607$78,053$46,247
11 years$105,864$94,670$84,531$75,374$67,128$37,365
12 years$96,050$84,971$75,019$66,113$58,172$30,371
13 years$87,752$76,789$67,024$58,368$50,727$24,805
14 years$80,646$69,799$60,222$51,813$44,467$20,336
15 years$74,493$63,763$54,372$46,208$39,152$16,723
16 years$69,114$58,501$49,296$41,374$34,603$13,787
17 years$64,373$53,877$44,858$37,174$30,681$11,389
18 years$60,163$49,785$40,949$33,501$27,280$9,424
19 years$56,401$46,140$37,487$30,271$24,316$7,808
20 years$53,019$42,876$34,404$27,417$21,719$6,477
21 years$49,964$39,937$31,645$24,882$19,436$5,378
22 years$47,190$37,280$29,166$22,624$17,422$4,468
23 years$44,661$34,867$26,929$20,604$15,639$3,715
24 years$42,346$32,668$24,905$18,792$14,057$3,090
25 years$40,219$30,657$23,067$17,162$12,649$2,572
26 years$38,260$28,813$21,394$15,692$11,394$2,141
27 years$36,448$27,116$19,866$14,363$10,272$1,783
28 years$34,769$25,552$18,468$13,160$9,269$1,485
29 years$33,209$24,105$17,186$12,068$8,369$1,238
30 years$31,755$22,765$16,008$11,075$7,562$1,031
31 years$30,398$21,520$14,924$10,172$6,837$860
32 years$29,128$20,362$13,924$9,348$6,185$716
33 years$27,937$19,284$13,001$8,596$5,597$597
34 years$26,819$18,277$12,147$7,909$5,068$498
35 years$25,768$17,335$11,357$7,281$4,590$415
36 years$24,776$16,453$10,624$6,706$4,159$346
37 years$23,841$15,627$9,944$6,178$3,769$289
38 years$22,957$14,851$9,312$5,695$3,417$241
39 years$22,120$14,122$8,725$5,251$3,099$201
40 years$21,328$13,436$8,177$4,843$2,811$167
41 years$20,576$12,790$7,668$4,468$2,550$140
42 years$19,861$12,181$7,193$4,124$2,314$116
43 years$19,182$11,606$6,749$3,807$2,100$97
44 years$18,535$11,063$6,335$3,515$1,906$81
45 years$17,919$10,549$5,949$3,246$1,730$68
46 years$17,331$10,063$5,587$2,998$1,571$56
47 years$16,770$9,604$5,249$2,770$1,427$47
48 years$16,234$9,168$4,933$2,560$1,296$39
49 years$15,722$8,755$4,636$2,366$1,177$33
50 years$15,231$8,363$4,359$2,187$1,069$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,600,000, adding $4,982 every year, while hoping to spend $44,767 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: 67/21/12 Blend
56$15,600,000$15,600,000$15,600,000$15,600,000
57$17,196,339$16,369,539$16,127,739$18,302,528
58$18,902,734$17,124,015$16,620,386$19,794,091
59$20,781,680$17,913,959$17,128,037$21,418,492
60$22,850,732$18,741,063$17,651,147$23,193,362
61$25,129,231$19,607,099$18,190,184$25,133,431
62$27,638,489$20,513,924$18,745,632$27,254,904
63$30,401,994$21,463,485$19,317,989$29,575,613
64$33,445,623$22,457,822$19,907,768$32,115,179
65$36,797,896$23,499,075$20,515,498$34,895,193
66$40,490,236$24,589,484$21,141,722$37,939,420
67$44,557,273$25,731,401$21,787,002$41,274,015
68$49,037,163$26,927,288$22,451,915$44,927,766
69$53,971,956$28,179,728$23,137,057$48,932,361
70$59,407,988$29,491,427$23,843,040$53,322,686
71$65,396,318$30,865,222$24,570,497$58,137,142
72$71,993,212$32,304,088$25,320,079$63,418,009
73$79,260,673$33,811,142$26,092,455$69,211,837
74$87,267,026$35,389,652$26,888,317$75,569,878
75$96,087,563$37,043,045$27,708,375$82,548,566
76$105,805,253$38,774,912$28,553,364$90,210,044
77$116,511,524$40,589,019$29,424,037$98,622,739
78$128,307,131$42,489,312$30,321,174$107,862,010
79$141,303,099$44,479,929$31,245,574$118,010,841
80$155,621,779$46,565,209$32,198,064$129,160,627
81$171,397,995$48,749,699$33,179,494$141,412,022
82$188,780,324$51,038,168$34,190,741$154,875,885
83$207,932,491$53,435,612$35,232,705$169,674,315
84$229,034,922$55,947,274$36,306,317$185,941,796
85$252,286,441$58,578,647$37,412,535$203,826,458
86$277,906,147$61,335,490$38,552,345$223,491,463
87$306,135,488$64,223,843$39,726,763$245,116,537
88$337,240,534$67,250,038$40,936,835$268,899,655
89$371,514,490$70,420,711$42,183,641$295,058,899
90$409,280,466$73,742,823$43,468,290$323,834,504
91$450,894,523$77,223,671$44,791,927$355,491,115
92$496,749,038$80,870,906$46,155,731$390,320,271
93$547,276,408$84,692,547$47,560,915$428,643,145
94$602,953,126$88,697,007$49,008,731$470,813,561
95$664,304,287$92,893,103$50,500,466$517,221,319
96$731,908,540$97,290,080$52,037,447$568,295,861
97$806,403,551$101,897,634$53,621,041$624,510,305
98$888,492,024$106,725,929$55,252,657$686,385,902
99$978,948,333$111,785,622$56,933,744$754,496,930
100$1,078,625,835$117,087,889$58,665,796$829,476,105