Can I retire at age 57 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,244,686
2 years$645,915$633,886$622,227$610,924$599,959$584,634
3 years$426,333$414,251$402,622$391,425$380,639$365,693
4 years$316,563$304,519$293,006$281,999$271,475$257,023
5 years$250,719$238,746$227,385$216,603$206,371$192,455
6 years$206,836$194,954$183,761$173,219$163,294$149,931
7 years$175,504$163,722$152,706$142,413$132,802$119,997
8 years$152,016$140,340$129,507$119,467$110,172$97,924
9 years$133,757$122,191$111,544$101,759$92,781$81,085
10 years$119,158$107,706$97,247$87,717$79,054$67,902
11 years$107,222$95,884$85,614$76,340$67,989$57,371
12 years$97,282$86,060$75,981$66,961$58,918$48,823
13 years$88,877$77,773$67,884$59,116$51,377$41,792
14 years$81,680$70,694$60,994$52,477$45,037$35,948
15 years$75,448$64,580$55,069$46,800$39,654$31,046
16 years$70,000$59,251$49,928$41,904$35,047$26,905
17 years$65,198$54,568$45,433$37,651$31,075$23,383
18 years$60,935$50,423$41,474$33,931$27,630$20,372
19 years$57,124$46,732$37,968$30,659$24,627$17,787
20 years$53,699$43,425$34,845$27,768$21,998$15,557
21 years$50,604$40,449$32,051$25,201$19,685$13,629
22 years$47,795$37,758$29,540$22,914$17,645$11,956
23 years$45,233$35,314$27,275$20,868$15,839$10,500
24 years$42,889$33,087$25,224$19,033$14,237$9,232
25 years$40,735$31,051$23,363$17,382$12,811$8,123
26 years$38,750$29,182$21,668$15,893$11,540$7,154
27 years$36,915$27,464$20,120$14,547$10,404$6,304
28 years$35,215$25,879$18,705$13,328$9,388$5,559
29 years$33,634$24,414$17,406$12,222$8,477$4,904
30 years$32,162$23,057$16,213$11,217$7,659$4,329
31 years$30,787$21,796$15,115$10,302$6,925$3,823
32 years$29,501$20,624$14,103$9,468$6,264$3,377
33 years$28,295$19,531$13,168$8,707$5,669$2,984
34 years$27,163$18,511$12,303$8,011$5,133$2,637
35 years$26,098$17,557$11,503$7,374$4,649$2,331
36 years$25,094$16,664$10,760$6,792$4,212$2,062
37 years$24,147$15,827$10,072$6,258$3,817$1,823
38 years$23,251$15,042$9,432$5,768$3,461$1,613
39 years$22,404$14,303$8,836$5,318$3,138$1,427
40 years$21,601$13,608$8,282$4,905$2,847$1,263
41 years$20,839$12,954$7,766$4,526$2,583$1,117
42 years$20,116$12,337$7,285$4,177$2,343$989
43 years$19,428$11,754$6,836$3,856$2,127$875
44 years$18,773$11,204$6,417$3,560$1,930$775
45 years$18,149$10,684$6,025$3,288$1,753$686
46 years$17,553$10,192$5,659$3,037$1,591$607
47 years$16,985$9,727$5,316$2,806$1,445$538
48 years$16,442$9,285$4,996$2,593$1,312$476
49 years$15,923$8,867$4,696$2,396$1,192$421
50 years$15,426$8,470$4,415$2,215$1,082$373

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,800,000, adding $2,076 every year, while hoping to spend $25,333 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: 53/22/25 Blend
56$15,800,000$15,800,000$15,800,000$15,800,000
57$17,413,741$16,576,341$16,331,441$18,215,637
58$19,162,989$17,361,628$16,851,591$19,555,055
59$21,089,811$18,184,545$17,388,316$21,009,086
60$23,212,292$19,046,908$17,942,145$22,590,918
61$25,550,364$19,950,624$18,513,625$24,312,774
62$28,125,987$20,897,691$19,103,317$26,188,087
63$30,963,362$21,890,202$19,711,803$28,231,624
64$34,089,158$22,930,355$20,339,681$30,459,623
65$37,532,762$24,020,453$20,987,571$32,889,941
66$41,326,560$25,162,911$21,656,110$35,542,214
67$45,506,236$26,360,261$22,345,957$38,438,039
68$50,111,117$27,615,159$23,057,792$41,601,173
69$55,184,538$28,930,388$23,792,315$45,057,752
70$60,774,254$30,308,870$24,550,250$48,836,526
71$66,932,889$31,753,666$25,332,345$52,969,132
72$73,718,434$33,267,986$26,139,368$57,490,380
73$81,194,794$34,855,197$26,972,117$62,438,577
74$89,432,390$36,518,829$27,831,410$67,855,879
75$98,508,827$38,262,585$28,718,096$73,788,687
76$108,509,622$40,090,346$29,633,047$80,288,067
77$119,529,014$42,006,184$30,577,164$87,410,236
78$131,670,854$44,014,367$31,551,379$95,217,072
79$145,049,583$46,119,372$32,556,652$103,776,698
80$159,791,313$48,325,894$33,593,973$113,164,111
81$176,035,020$50,638,856$34,664,364$123,461,881
82$193,933,852$53,063,421$35,768,880$134,760,921
83$213,656,578$55,605,001$36,908,611$147,161,331
84$235,389,179$58,269,276$38,084,679$160,773,336
85$259,336,603$61,062,198$39,298,243$175,718,313
86$285,724,702$63,990,012$40,550,501$192,129,923
87$314,802,365$67,059,265$41,842,685$210,155,361
88$346,843,862$70,276,825$43,176,071$229,956,733
89$382,151,439$73,649,892$44,551,972$251,712,569
90$421,058,167$77,186,019$45,971,746$275,619,497
91$463,931,092$80,893,126$47,436,791$301,894,082
92$511,174,692$84,779,518$48,948,552$330,774,855
93$563,234,703$88,853,906$50,508,520$362,524,547
94$620,602,320$93,125,425$52,118,233$397,432,553
95$683,818,841$97,603,656$53,779,279$435,817,642
96$753,480,773$102,298,644$55,493,294$478,030,954
97$830,245,462$107,220,929$57,261,970$524,459,287
98$914,837,304$112,381,559$59,087,051$575,528,732
99$1,008,054,578$117,792,124$60,970,336$631,708,672
100$1,110,776,986$123,464,779$62,913,683$693,516,191