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

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,235,993
2 years$645,915$633,886$622,227$610,924$599,959$575,952
3 years$426,333$414,251$402,622$391,425$380,639$357,294
4 years$316,563$304,519$293,006$281,999$271,475$248,972
5 years$250,719$238,746$227,385$216,603$206,371$184,775
6 years$206,836$194,954$183,761$173,219$163,294$142,629
7 years$175,504$163,722$152,706$142,413$132,802$113,072
8 years$152,016$140,340$129,507$119,467$110,172$91,373
9 years$133,757$122,191$111,544$101,759$92,781$74,900
10 years$119,158$107,706$97,247$87,717$79,054$62,075
11 years$107,222$95,884$85,614$76,340$67,989$51,893
12 years$97,282$86,060$75,981$66,961$58,918$43,681
13 years$88,877$77,773$67,884$59,116$51,377$36,976
14 years$81,680$70,694$60,994$52,477$45,037$31,445
15 years$75,448$64,580$55,069$46,800$39,654$26,843
16 years$70,000$59,251$49,928$41,904$35,047$22,987
17 years$65,198$54,568$45,433$37,651$31,075$19,738
18 years$60,935$50,423$41,474$33,931$27,630$16,987
19 years$57,124$46,732$37,968$30,659$24,627$14,647
20 years$53,699$43,425$34,845$27,768$21,998$12,650
21 years$50,604$40,449$32,051$25,201$19,685$10,941
22 years$47,795$37,758$29,540$22,914$17,645$9,474
23 years$45,233$35,314$27,275$20,868$15,839$8,212
24 years$42,889$33,087$25,224$19,033$14,237$7,124
25 years$40,735$31,051$23,363$17,382$12,811$6,186
26 years$38,750$29,182$21,668$15,893$11,540$5,374
27 years$36,915$27,464$20,120$14,547$10,404$4,672
28 years$35,215$25,879$18,705$13,328$9,388$4,063
29 years$33,634$24,414$17,406$12,222$8,477$3,535
30 years$32,162$23,057$16,213$11,217$7,659$3,077
31 years$30,787$21,796$15,115$10,302$6,925$2,679
32 years$29,501$20,624$14,103$9,468$6,264$2,334
33 years$28,295$19,531$13,168$8,707$5,669$2,033
34 years$27,163$18,511$12,303$8,011$5,133$1,771
35 years$26,098$17,557$11,503$7,374$4,649$1,544
36 years$25,094$16,664$10,760$6,792$4,212$1,346
37 years$24,147$15,827$10,072$6,258$3,817$1,173
38 years$23,251$15,042$9,432$5,768$3,461$1,023
39 years$22,404$14,303$8,836$5,318$3,138$892
40 years$21,601$13,608$8,282$4,905$2,847$778
41 years$20,839$12,954$7,766$4,526$2,583$678
42 years$20,116$12,337$7,285$4,177$2,343$592
43 years$19,428$11,754$6,836$3,856$2,127$516
44 years$18,773$11,204$6,417$3,560$1,930$450
45 years$18,149$10,684$6,025$3,288$1,753$393
46 years$17,553$10,192$5,659$3,037$1,591$343
47 years$16,985$9,727$5,316$2,806$1,445$299
48 years$16,442$9,285$4,996$2,593$1,312$261
49 years$15,923$8,867$4,696$2,396$1,192$227
50 years$15,426$8,470$4,415$2,215$1,082$198

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 $4,209 every year, while hoping to spend $49,584 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: 58/29/13 Blend
56$15,800,000$15,800,000$15,800,000$15,800,000
57$17,415,942$16,578,542$16,333,642$18,369,100
58$19,139,611$17,338,133$16,828,062$19,772,742
59$21,037,432$18,133,283$17,337,383$21,296,205
60$23,127,117$18,965,681$17,862,052$22,955,697
61$25,428,182$19,837,098$18,402,530$24,764,292
62$27,962,131$20,749,390$18,959,289$26,736,365
63$30,752,662$21,704,504$19,532,819$28,887,719
64$33,825,887$22,704,478$20,123,621$31,235,731
65$37,210,578$23,751,448$20,732,214$33,799,513
66$40,938,444$24,847,656$21,359,130$36,600,082
67$45,044,422$25,995,448$22,004,917$39,660,559
68$49,567,012$27,197,284$22,670,141$43,006,376
69$54,548,641$28,455,745$23,355,385$46,665,512
70$60,036,059$29,773,532$24,061,246$50,668,752
71$66,080,782$31,153,480$24,788,343$55,049,967
72$72,739,579$32,598,559$25,537,310$59,846,432
73$80,075,009$34,111,880$26,308,802$65,099,166
74$88,156,006$35,696,709$27,103,493$70,853,313
75$97,058,535$37,356,464$27,922,077$77,158,561
76$106,866,306$39,094,732$28,765,268$84,069,600
77$117,671,566$40,915,270$29,633,801$91,646,634
78$129,575,967$42,822,020$30,528,434$99,955,934
79$142,691,527$44,819,109$31,449,948$109,070,460
80$157,141,686$46,910,869$32,399,144$119,070,535
81$173,062,473$49,101,837$33,376,851$130,044,595
82$190,603,790$51,396,771$34,383,920$142,090,013
83$209,930,822$53,800,659$35,421,227$155,314,005
84$231,225,603$56,318,729$36,489,675$169,834,632
85$254,688,730$58,956,462$37,590,195$185,781,898
86$280,541,256$61,719,604$38,723,742$203,298,970
87$309,026,780$64,614,180$39,891,303$222,543,512
88$340,413,742$67,646,506$41,093,892$243,689,158
89$374,997,961$70,823,201$42,332,554$266,927,138
90$413,105,423$74,151,209$43,608,365$292,468,066
91$455,095,363$77,637,805$44,922,433$320,543,913
92$501,363,652$81,290,619$46,275,896$351,410,180
93$552,346,537$85,117,652$47,669,931$385,348,288
94$608,524,755$89,127,288$49,105,745$422,668,221
95$670,428,076$93,328,321$50,584,584$463,711,428
96$738,640,301$97,729,970$52,107,728$508,854,027
97$813,804,771$102,341,898$53,676,497$558,510,337
98$896,630,448$107,174,241$55,292,249$613,136,761
99$987,898,597$112,237,623$56,956,383$673,236,074
100$1,088,470,171$117,543,183$58,670,339$739,362,145