Can I retire at age 57 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,204,647
2 years$641,827$629,874$618,289$607,057$596,162$549,064
3 years$423,635$411,630$400,074$388,947$378,230$332,809
4 years$314,560$302,591$291,151$280,215$269,757$226,359
5 years$249,132$237,235$225,945$215,232$205,065$163,802
6 years$205,527$193,720$182,598$172,122$162,261$123,162
7 years$174,394$162,686$151,739$141,511$131,961$95,015
8 years$151,054$139,452$128,687$118,710$109,475$74,646
9 years$132,910$121,418$110,838$101,115$92,194$59,433
10 years$118,404$107,024$96,631$87,162$78,553$47,801
11 years$106,543$95,277$85,073$75,857$67,559$38,747
12 years$96,666$85,516$75,500$66,537$58,545$31,600
13 years$88,315$77,281$67,454$58,742$51,052$25,897
14 years$81,163$70,247$60,608$52,145$44,752$21,305
15 years$74,970$64,171$54,721$46,504$39,403$17,583
16 years$69,557$58,876$49,612$41,639$34,825$14,549
17 years$64,785$54,223$45,145$37,412$30,878$12,063
18 years$60,549$50,104$41,212$33,716$27,455$10,019
19 years$56,763$46,436$37,727$30,465$24,472$8,333
20 years$53,359$43,151$34,624$27,592$21,858$6,939
21 years$50,284$40,193$31,848$25,042$19,561$5,783
22 years$47,492$37,519$29,353$22,769$17,533$4,824
23 years$44,947$35,091$27,102$20,736$15,739$4,027
24 years$42,617$32,878$25,065$18,912$14,147$3,363
25 years$40,477$30,854$23,215$17,272$12,730$2,810
26 years$38,505$28,998$21,531$15,792$11,467$2,349
27 years$36,682$27,290$19,993$14,455$10,338$1,964
28 years$34,992$25,716$18,586$13,244$9,328$1,643
29 years$33,421$24,260$17,296$12,145$8,423$1,374
30 years$31,958$22,911$16,111$11,146$7,611$1,150
31 years$30,592$21,658$15,019$10,237$6,881$962
32 years$29,314$20,493$14,013$9,408$6,224$805
33 years$28,116$19,407$13,084$8,651$5,633$674
34 years$26,991$18,394$12,225$7,960$5,100$564
35 years$25,933$17,446$11,430$7,328$4,619$472
36 years$24,935$16,559$10,692$6,749$4,185$396
37 years$23,994$15,727$10,008$6,218$3,793$331
38 years$23,104$14,946$9,372$5,731$3,439$277
39 years$22,262$14,213$8,780$5,284$3,119$232
40 years$21,464$13,522$8,230$4,874$2,829$194
41 years$20,707$12,872$7,717$4,497$2,566$163
42 years$19,988$12,259$7,239$4,150$2,329$136
43 years$19,305$11,680$6,793$3,831$2,113$114
44 years$18,654$11,133$6,376$3,537$1,918$96
45 years$18,034$10,617$5,987$3,267$1,741$80
46 years$17,442$10,128$5,623$3,018$1,581$67
47 years$16,878$9,665$5,283$2,788$1,436$56
48 years$16,338$9,227$4,964$2,576$1,304$47
49 years$15,822$8,811$4,666$2,381$1,184$39
50 years$15,329$8,417$4,387$2,201$1,076$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,700,000, adding $5,435 every year, while hoping to spend $45,367 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: 64/14/22 Blend
56$15,700,000$15,700,000$15,700,000$15,700,000
57$17,307,006$16,474,906$16,231,556$18,315,913
58$19,024,051$17,233,906$16,727,043$19,755,320
59$20,914,713$18,028,577$17,237,609$21,321,680
60$22,996,655$18,860,618$17,763,709$23,031,969
61$25,289,337$19,731,812$18,305,817$24,900,283
62$27,814,204$20,644,025$18,864,416$26,942,130
63$30,594,885$21,599,215$19,440,007$29,174,578
64$33,657,421$22,599,434$20,033,105$31,616,409
65$37,030,504$23,646,833$20,644,240$34,288,297
66$40,745,752$24,743,664$21,273,958$37,212,997
67$44,838,007$25,892,292$21,922,824$40,415,558
68$49,345,662$27,095,192$22,591,417$43,923,552
69$54,311,024$28,354,961$23,280,334$47,767,337
70$59,780,714$29,674,320$23,990,191$51,980,331
71$65,806,107$31,056,122$24,721,622$56,599,332
72$72,443,814$32,503,356$25,475,281$61,664,856
73$79,756,221$34,019,158$26,251,840$67,221,513
74$87,812,071$35,606,812$27,051,992$73,318,429
75$96,687,121$37,269,764$27,876,453$80,009,702
76$106,464,849$39,011,625$28,725,956$87,354,904
77$117,237,249$40,836,180$29,601,261$95,419,645
78$129,105,692$42,747,397$30,503,147$104,276,182
79$142,181,890$44,749,436$31,432,419$114,004,096
80$156,588,943$46,846,659$32,389,906$124,691,036
81$172,462,507$49,043,637$33,376,460$136,433,544
82$189,952,072$51,345,165$34,392,960$149,337,955
83$209,222,372$53,756,266$35,440,313$163,521,397
84$230,454,941$56,282,210$36,519,450$179,112,889
85$253,849,826$58,928,519$37,631,333$196,254,551
86$279,627,477$61,700,985$38,776,951$215,102,935
87$308,030,824$64,605,679$39,957,324$235,830,500
88$339,327,575$67,648,964$41,173,501$258,627,230
89$373,812,740$70,837,515$42,426,566$283,702,413
90$411,811,415$74,178,329$43,717,631$311,286,616
91$453,681,852$77,678,740$45,047,844$341,633,845
92$499,818,843$81,346,440$46,418,389$375,023,937
93$550,657,442$85,189,492$47,830,482$411,765,190
94$606,677,076$89,216,353$49,285,378$452,197,260
95$668,406,069$93,435,885$50,784,370$496,694,359
96$736,426,629$97,857,385$52,328,787$545,668,776
97$811,380,345$102,490,596$53,920,001$599,574,754
98$893,974,243$107,345,739$55,559,425$658,912,766
99$984,987,462$112,433,526$57,248,511$724,234,227
100$1,085,278,607$117,765,192$58,988,760$796,146,685