Can I retire at age 55 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,210,412
2 years$641,827$629,874$618,289$607,057$596,162$554,726
3 years$423,635$411,630$400,074$388,947$378,230$338,187
4 years$314,560$302,591$291,151$280,215$269,757$231,413
5 years$249,132$237,235$225,945$215,232$205,065$168,523
6 years$205,527$193,720$182,598$172,122$162,261$127,550
7 years$174,394$162,686$151,739$141,511$131,961$99,078
8 years$151,054$139,452$128,687$118,710$109,475$78,393
9 years$132,910$121,418$110,838$101,115$92,194$62,877
10 years$118,404$107,024$96,631$87,162$78,553$50,956
11 years$106,543$95,277$85,073$75,857$67,559$41,628
12 years$96,666$85,516$75,500$66,537$58,545$34,222
13 years$88,315$77,281$67,454$58,742$51,052$28,276
14 years$81,163$70,247$60,608$52,145$44,752$23,459
15 years$74,970$64,171$54,721$46,504$39,403$19,527
16 years$69,557$58,876$49,612$41,639$34,825$16,298
17 years$64,785$54,223$45,145$37,412$30,878$13,633
18 years$60,549$50,104$41,212$33,716$27,455$11,425
19 years$56,763$46,436$37,727$30,465$24,472$9,589
20 years$53,359$43,151$34,624$27,592$21,858$8,059
21 years$50,284$40,193$31,848$25,042$19,561$6,780
22 years$47,492$37,519$29,353$22,769$17,533$5,709
23 years$44,947$35,091$27,102$20,736$15,739$4,810
24 years$42,617$32,878$25,065$18,912$14,147$4,056
25 years$40,477$30,854$23,215$17,272$12,730$3,422
26 years$38,505$28,998$21,531$15,792$11,467$2,888
27 years$36,682$27,290$19,993$14,455$10,338$2,438
28 years$34,992$25,716$18,586$13,244$9,328$2,059
29 years$33,421$24,260$17,296$12,145$8,423$1,740
30 years$31,958$22,911$16,111$11,146$7,611$1,470
31 years$30,592$21,658$15,019$10,237$6,881$1,243
32 years$29,314$20,493$14,013$9,408$6,224$1,050
33 years$28,116$19,407$13,084$8,651$5,633$888
34 years$26,991$18,394$12,225$7,960$5,100$751
35 years$25,933$17,446$11,430$7,328$4,619$635
36 years$24,935$16,559$10,692$6,749$4,185$537
37 years$23,994$15,727$10,008$6,218$3,793$454
38 years$23,104$14,946$9,372$5,731$3,439$384
39 years$22,262$14,213$8,780$5,284$3,119$325
40 years$21,464$13,522$8,230$4,874$2,829$275
41 years$20,707$12,872$7,717$4,497$2,566$232
42 years$19,988$12,259$7,239$4,150$2,329$197
43 years$19,305$11,680$6,793$3,831$2,113$166
44 years$18,654$11,133$6,376$3,537$1,918$141
45 years$18,034$10,617$5,987$3,267$1,741$119
46 years$17,442$10,128$5,623$3,018$1,581$101
47 years$16,878$9,665$5,283$2,788$1,436$85
48 years$16,338$9,227$4,964$2,576$1,304$72
49 years$15,822$8,811$4,666$2,381$1,184$61
50 years$15,329$8,417$4,387$2,201$1,076$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $15,700,000, adding $6,450 every year, while hoping to spend $42,891 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: 42/33/25 Blend
54$15,700,000$15,700,000$15,700,000$15,700,000
55$17,308,053$16,475,953$16,232,603$17,907,991
56$19,027,839$17,237,639$16,730,760$19,099,884
57$20,921,605$18,035,210$17,244,167$20,385,238
58$23,007,053$18,870,380$17,773,290$21,776,390
59$25,303,687$19,744,943$18,318,610$23,283,111
60$27,833,000$20,660,782$18,880,620$24,916,130
61$30,618,675$21,619,869$19,459,831$26,687,222
62$33,686,811$22,624,274$20,056,766$28,609,319
63$37,066,164$23,676,162$20,671,966$30,696,621
64$40,788,426$24,777,807$21,305,990$32,964,725
65$44,888,517$25,931,591$21,959,412$35,430,768
66$49,404,916$27,140,009$22,632,823$38,113,577
67$54,380,027$28,405,680$23,326,832$41,033,842
68$59,860,578$29,731,346$24,042,069$44,214,301
69$65,898,060$31,119,885$24,779,181$47,679,952
70$72,549,213$32,574,310$25,538,835$51,458,270
71$79,876,565$34,097,783$26,321,718$55,579,469
72$87,949,017$35,693,618$27,128,538$60,076,770
73$96,842,499$37,365,287$27,960,026$64,986,705
74$106,640,680$39,116,432$28,816,934$70,349,457
75$117,435,764$40,950,871$29,700,035$76,209,222
76$129,329,354$42,872,607$30,610,129$82,614,619
77$142,433,418$44,885,834$31,548,038$89,619,135
78$156,871,339$46,994,952$32,514,609$97,281,619
79$172,779,084$49,204,573$33,510,717$105,666,826
80$190,306,485$51,519,532$34,537,261$114,846,008
81$209,618,656$53,944,898$35,595,168$124,897,583
82$230,897,546$56,485,985$36,685,394$135,907,850
83$254,343,663$59,148,366$37,808,922$147,971,796
84$280,177,963$61,937,883$38,966,767$161,193,972
85$308,643,936$64,860,660$40,159,975$175,689,467
86$340,009,905$67,923,119$41,389,621$191,584,971
87$374,571,558$71,131,994$42,656,816$209,019,960
88$412,654,739$74,494,345$43,962,701$228,147,986
89$454,618,526$78,017,572$45,308,456$249,138,111
90$500,858,620$81,709,437$46,695,293$272,176,483
91$551,811,077$85,578,076$48,124,463$297,468,065
92$607,956,428$89,632,023$49,597,254$325,238,553
93$669,824,214$93,880,223$51,114,992$355,736,480
94$737,997,986$98,332,056$52,679,046$389,235,537
95$813,120,811$102,997,357$54,290,825$426,037,131
96$895,901,345$107,886,440$55,951,780$466,473,201
97$987,120,524$113,010,117$57,663,406$510,909,326
98$1,087,638,933$118,379,728$59,427,245$559,748,141
99$1,198,404,930$124,007,161$61,244,884$613,433,113
100$1,320,463,604$129,904,883$63,117,959$672,452,688