Can I retire at age 55 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,180,374
2 years$621,387$609,814$598,598$587,724$577,176$545,459
3 years$410,143$398,520$387,333$376,560$366,184$335,439
4 years$304,542$292,955$281,879$271,291$261,166$231,628
5 years$241,198$229,680$218,750$208,377$198,534$170,285
6 years$198,982$187,551$176,782$166,641$157,093$130,161
7 years$168,840$157,505$146,907$137,005$127,759$102,146
8 years$146,243$135,011$124,589$114,930$105,988$81,681
9 years$128,678$117,551$107,308$97,895$89,257$66,235
10 years$114,633$103,616$93,554$84,386$76,052$54,286
11 years$103,150$92,243$82,363$73,441$65,407$44,865
12 years$93,587$82,792$73,095$64,418$56,680$37,325
13 years$85,502$74,820$65,306$56,871$49,426$31,218
14 years$78,578$68,009$58,678$50,484$43,327$26,224
15 years$72,583$62,128$52,978$45,023$38,148$22,107
16 years$67,342$57,001$48,032$40,313$33,716$18,692
17 years$62,722$52,496$43,707$36,221$29,895$15,843
18 years$58,621$48,509$39,899$32,642$26,581$13,455
19 years$54,955$44,957$36,526$29,495$23,692$11,447
20 years$51,660$41,776$33,522$26,714$21,162$9,753
21 years$48,683$38,913$30,833$24,244$18,938$8,320
22 years$45,980$36,324$28,418$22,044$16,975$7,105
23 years$43,515$33,973$26,239$20,076$15,238$6,072
24 years$41,260$31,831$24,266$18,310$13,696$5,194
25 years$39,188$29,871$22,476$16,722$12,324$4,445
26 years$37,279$28,074$20,845$15,290$11,101$3,807
27 years$35,514$26,421$19,356$13,995$10,009$3,261
28 years$33,877$24,897$17,994$12,822$9,031$2,795
29 years$32,357$23,487$16,745$11,758$8,155$2,396
30 years$30,941$22,181$15,598$10,791$7,368$2,055
31 years$29,618$20,968$14,541$9,911$6,662$1,763
32 years$28,381$19,840$13,567$9,108$6,026$1,513
33 years$27,221$18,789$12,668$8,376$5,454$1,298
34 years$26,132$17,808$11,836$7,707$4,938$1,114
35 years$25,107$16,890$11,066$7,094$4,472$956
36 years$24,141$16,032$10,352$6,534$4,052$821
37 years$23,230$15,226$9,689$6,020$3,672$705
38 years$22,368$14,470$9,073$5,549$3,329$605
39 years$21,553$13,760$8,501$5,116$3,019$520
40 years$20,781$13,091$7,968$4,719$2,739$446
41 years$20,048$12,462$7,471$4,354$2,485$383
42 years$19,352$11,868$7,008$4,018$2,254$329
43 years$18,690$11,308$6,576$3,709$2,046$283
44 years$18,060$10,779$6,173$3,425$1,857$243
45 years$17,459$10,279$5,796$3,163$1,686$209
46 years$16,887$9,805$5,444$2,922$1,531$179
47 years$16,340$9,357$5,115$2,699$1,390$154
48 years$15,818$8,933$4,806$2,494$1,262$132
49 years$15,318$8,530$4,518$2,305$1,147$114
50 years$14,841$8,149$4,247$2,131$1,041$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $15,200,000, adding $2,416 every year, while hoping to spend $29,984 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: 39/43/18 Blend
54$15,200,000$15,200,000$15,200,000$15,200,000
55$16,752,892$15,947,292$15,711,692$17,316,082
56$18,429,784$16,696,807$16,206,131$18,469,142
57$20,276,715$17,482,043$16,716,129$19,712,054
58$22,310,995$18,304,718$17,242,175$21,055,361
59$24,551,703$19,166,636$17,784,774$22,508,169
60$27,019,861$20,069,685$18,344,448$24,080,461
61$29,738,632$21,015,845$18,921,733$25,783,188
62$32,733,545$22,007,194$19,517,183$27,628,360
63$36,032,729$23,045,908$20,131,370$29,629,154
64$39,667,180$24,134,271$20,764,885$31,800,032
65$43,671,058$25,274,676$21,418,334$34,156,869
66$48,082,003$26,469,632$22,092,345$36,717,088
67$52,941,494$27,721,770$22,787,565$39,499,826
68$58,295,239$29,033,850$23,504,661$42,526,094
69$64,193,608$30,408,764$24,244,322$45,818,975
70$70,692,108$31,849,544$25,007,258$49,403,822
71$77,851,902$33,359,372$25,794,201$53,308,495
72$85,740,396$34,941,580$26,605,906$57,563,607
73$94,431,865$36,599,667$27,443,153$62,202,803
74$104,008,161$38,337,296$28,306,745$67,263,064
75$114,559,484$40,158,314$29,197,511$72,785,045
76$126,185,230$42,066,750$30,116,306$78,813,441
77$138,994,933$44,066,830$31,064,012$85,397,398
78$153,109,298$46,162,987$32,041,539$92,590,962
79$168,661,341$48,359,868$33,049,824$100,453,570
80$185,797,641$50,662,345$34,089,837$109,050,598
81$204,679,728$53,075,527$35,162,574$118,453,958
82$225,485,606$55,604,774$36,269,066$128,742,762
83$248,411,433$58,255,703$37,410,375$140,004,047
84$273,673,372$61,034,205$38,587,595$152,333,576
85$301,509,634$63,946,460$39,801,858$165,836,725
86$332,182,725$66,998,944$41,054,329$180,629,452
87$365,981,923$70,198,453$42,346,209$196,839,373
88$403,226,011$73,552,109$43,678,738$214,606,937
89$444,266,285$77,067,382$45,053,196$234,086,732
90$489,489,870$80,752,108$46,470,902$255,448,916
91$539,323,376$84,614,501$47,933,217$278,880,797
92$594,236,924$88,663,175$49,441,544$304,588,570
93$654,748,585$92,907,165$50,997,330$332,799,237
94$721,429,269$97,355,945$52,602,069$363,762,714
95$794,908,117$102,019,449$54,257,301$397,754,161
96$875,878,440$106,908,097$55,964,615$435,076,545
97$965,104,260$112,032,813$57,725,650$476,063,462
98$1,063,427,531$117,405,057$59,542,095$521,082,248
99$1,171,776,077$123,036,843$61,415,694$570,537,410
100$1,291,172,363$128,940,774$63,348,245$624,874,399