Can I retire at age 57 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,255,170
2 years$650,004$637,898$626,165$614,790$603,756$590,946
3 years$429,031$416,873$405,171$393,902$383,048$370,543
4 years$318,567$306,446$294,860$283,784$273,193$261,091
5 years$252,305$240,257$228,824$217,973$207,677$196,012
6 years$208,146$196,188$184,924$174,315$164,328$153,115
7 years$176,615$164,759$153,672$143,314$133,642$122,886
8 years$152,978$141,229$130,326$120,223$110,869$100,570
9 years$134,604$122,965$112,250$102,403$93,368$83,521
10 years$119,912$108,387$97,862$88,272$79,554$70,154
11 years$107,900$96,491$86,156$76,823$68,419$59,458
12 years$97,897$86,605$76,461$67,384$59,291$50,759
13 years$89,440$78,266$68,313$59,490$51,703$43,591
14 years$82,197$71,141$61,380$52,809$45,322$37,620
15 years$75,925$64,989$55,418$47,096$39,905$32,600
16 years$70,443$59,626$50,244$42,170$35,268$28,349
17 years$65,611$54,913$45,720$37,889$31,271$24,724
18 years$61,320$50,742$41,737$34,146$27,805$21,618
19 years$57,486$47,028$38,208$30,854$24,783$18,943
20 years$54,039$43,700$35,065$27,944$22,137$16,630
21 years$50,925$40,705$32,253$25,361$19,810$14,623
22 years$48,097$37,997$29,726$23,059$17,757$12,876
23 years$45,519$35,538$27,447$21,000$15,940$11,352
24 years$43,160$33,296$25,384$19,153$14,327$10,019
25 years$40,993$31,247$23,511$17,492$12,892$8,851
26 years$38,995$29,367$21,805$15,994$11,613$7,825
27 years$37,149$27,638$20,248$14,639$10,470$6,924
28 years$35,438$26,043$18,823$13,413$9,447$6,130
29 years$33,847$24,569$17,516$12,300$8,530$5,430
30 years$32,366$23,203$16,316$11,288$7,708$4,812
31 years$30,982$21,934$15,211$10,367$6,969$4,267
32 years$29,688$20,754$14,192$9,528$6,304$3,785
33 years$28,475$19,654$13,251$8,762$5,705$3,358
34 years$27,335$18,628$12,381$8,061$5,165$2,981
35 years$26,263$17,668$11,575$7,421$4,678$2,646
36 years$25,253$16,770$10,829$6,835$4,239$2,350
37 years$24,300$15,927$10,135$6,297$3,842$2,087
38 years$23,399$15,137$9,491$5,804$3,483$1,854
39 years$22,546$14,394$8,892$5,352$3,158$1,647
40 years$21,738$13,694$8,335$4,936$2,865$1,464
41 years$20,971$13,036$7,815$4,554$2,599$1,301
42 years$20,243$12,415$7,331$4,203$2,358$1,157
43 years$19,551$11,829$6,879$3,880$2,140$1,028
44 years$18,891$11,275$6,457$3,582$1,943$914
45 years$18,263$10,752$6,063$3,309$1,764$813
46 years$17,664$10,257$5,695$3,056$1,601$723
47 years$17,093$9,788$5,350$2,823$1,454$643
48 years$16,546$9,344$5,028$2,609$1,320$571
49 years$16,024$8,923$4,726$2,411$1,199$508
50 years$15,524$8,524$4,443$2,229$1,089$452

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,900,000, adding $5,849 every year, while hoping to spend $36,411 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: 79/7/14 Blend
56$15,900,000$15,900,000$15,900,000$15,900,000
57$17,527,833$16,685,133$16,438,683$18,862,548
58$19,276,931$17,463,964$16,950,638$20,520,514
59$21,203,217$18,279,737$17,478,523$22,333,890
60$23,324,725$19,134,224$18,022,834$24,322,445
61$25,661,328$20,029,282$18,584,080$26,503,691
62$28,234,926$20,966,859$19,162,789$28,896,912
63$31,069,649$21,948,995$19,759,503$31,523,345
64$34,192,088$22,977,832$20,374,781$34,406,377
65$37,631,547$24,055,611$21,009,202$37,571,767
66$41,420,314$25,184,685$21,663,360$41,047,884
67$45,593,972$26,367,520$22,337,868$44,865,976
68$50,191,729$27,606,701$23,033,358$49,060,458
69$55,256,793$28,904,937$23,750,484$53,669,239
70$60,836,777$30,265,071$24,489,917$58,734,078
71$66,984,150$31,690,080$25,252,350$64,300,969
72$73,756,728$33,183,089$26,038,498$70,420,581
73$81,218,225$34,747,371$26,849,099$77,148,729
74$89,438,851$36,386,359$27,684,911$84,546,899
75$98,495,977$38,103,654$28,546,719$92,682,826
76$108,474,862$39,903,029$29,435,329$101,631,128
77$119,469,461$41,788,440$30,351,575$111,474,012
78$131,583,309$43,764,037$31,296,316$122,302,044
79$144,930,500$45,834,168$32,270,437$134,214,998
80$159,636,764$48,003,396$33,274,849$147,322,800
81$175,840,653$50,276,501$34,310,496$161,746,558
82$193,694,848$52,658,498$35,378,346$177,619,701
83$213,367,602$55,154,644$36,479,400$195,089,238
84$235,044,327$57,770,451$37,614,689$214,317,140
85$258,929,345$60,511,699$38,785,278$235,481,864
86$285,247,815$63,384,450$39,992,262$258,780,032
87$314,247,861$66,395,057$41,236,771$284,428,288
88$346,202,912$69,550,184$42,519,972$312,665,329
89$381,414,284$72,856,817$43,843,066$343,754,164
90$420,214,024$76,322,285$45,207,292$377,984,584
91$462,968,045$79,954,267$46,613,927$415,675,895
92$510,079,581$83,760,821$48,064,289$457,179,924
93$561,992,990$87,750,393$49,559,734$502,884,341
94$619,197,954$91,931,841$51,101,664$553,216,304
95$682,234,096$96,314,453$52,691,521$608,646,492
96$751,696,081$100,907,968$54,330,794$669,693,536
97$828,239,223$105,722,600$56,021,017$736,928,912
98$912,585,674$110,769,058$57,763,772$810,982,329
99$1,005,531,244$116,058,573$59,560,689$892,547,663
100$1,107,952,910$121,602,922$61,413,451$982,389,501