Can I retire at age 57 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,160,450
2 years$617,299$605,802$594,660$583,857$573,379$529,886
3 years$407,445$395,899$384,785$374,083$363,775$321,802
4 years$302,538$291,027$280,025$269,506$259,447$219,315
5 years$239,611$228,169$217,311$207,006$197,228$159,040
6 years$197,673$186,317$175,619$165,545$156,060$119,845
7 years$167,729$156,469$145,940$136,103$126,918$92,668
8 years$145,281$134,123$123,769$114,174$105,291$72,975
9 years$127,831$116,778$106,602$97,251$88,670$58,246
10 years$113,879$102,934$92,938$83,831$75,551$46,965
11 years$102,471$91,636$81,821$72,958$64,977$38,168
12 years$92,972$82,248$72,614$63,994$56,307$31,211
13 years$84,940$74,328$64,876$56,497$49,101$25,648
14 years$78,061$67,562$58,292$50,152$43,042$21,160
15 years$72,105$61,719$52,629$44,727$37,897$17,513
16 years$66,899$56,626$47,716$40,048$33,494$14,533
17 years$62,310$52,150$43,420$35,983$29,698$12,085
18 years$58,235$48,189$39,637$32,428$26,406$10,068
19 years$54,593$44,661$36,286$29,301$23,536$8,399
20 years$51,320$41,502$33,301$26,538$21,023$7,015
21 years$48,362$38,657$30,631$24,085$18,813$5,865
22 years$45,677$36,085$28,231$21,899$16,863$4,908
23 years$43,229$33,750$26,066$19,943$15,138$4,110
24 years$40,988$31,621$24,107$18,190$13,606$3,443
25 years$38,930$29,675$22,328$16,612$12,243$2,886
26 years$37,033$27,890$20,708$15,189$11,028$2,420
27 years$35,280$26,247$19,229$13,903$9,943$2,030
28 years$33,655$24,733$17,876$12,738$8,972$1,704
29 years$32,144$23,333$16,635$11,681$8,101$1,430
30 years$30,737$22,035$15,495$10,720$7,320$1,200
31 years$29,423$20,830$14,445$9,846$6,618$1,008
32 years$28,194$19,710$13,478$9,048$5,986$846
33 years$27,042$18,666$12,584$8,321$5,418$711
34 years$25,960$17,691$11,758$7,656$4,905$597
35 years$24,942$16,779$10,993$7,048$4,443$501
36 years$23,982$15,926$10,284$6,491$4,025$421
37 years$23,077$15,126$9,625$5,980$3,648$354
38 years$22,221$14,375$9,014$5,512$3,308$297
39 years$21,411$13,669$8,445$5,083$2,999$250
40 years$20,644$13,005$7,915$4,688$2,721$210
41 years$19,916$12,380$7,422$4,325$2,468$176
42 years$19,225$11,790$6,962$3,992$2,240$148
43 years$18,567$11,234$6,533$3,685$2,033$124
44 years$17,941$10,708$6,132$3,402$1,845$105
45 years$17,345$10,211$5,758$3,142$1,675$88
46 years$16,776$9,741$5,408$2,902$1,521$74
47 years$16,233$9,296$5,081$2,681$1,381$62
48 years$15,714$8,874$4,775$2,478$1,254$52
49 years$15,218$8,474$4,488$2,290$1,139$44
50 years$14,743$8,095$4,219$2,117$1,035$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,100,000, adding $4,173 every year, while hoping to spend $45,413 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: 37/37/26 Blend
56$15,100,000$15,100,000$15,100,000$15,100,000
57$16,644,504$15,844,204$15,610,154$17,130,568
58$18,293,925$16,572,251$16,084,776$18,216,613
59$20,110,064$17,334,451$16,573,774$19,384,455
60$22,109,879$18,132,428$17,077,585$20,645,059
61$24,312,057$18,967,886$17,596,653$22,006,825
62$26,737,185$19,842,611$18,131,440$23,478,964
63$29,407,954$20,758,475$18,682,419$25,071,583
64$32,349,364$21,717,439$19,250,079$26,795,766
65$35,588,964$22,721,559$19,834,922$28,663,682
66$39,157,113$23,772,989$20,437,465$30,688,682
67$43,087,261$24,873,989$21,058,244$32,885,427
68$47,416,273$26,026,926$21,697,806$35,270,015
69$52,184,769$27,234,281$22,356,719$37,860,122
70$57,437,511$28,498,655$23,035,564$40,675,167
71$63,223,823$29,822,776$23,734,942$43,736,482
72$69,598,062$31,209,501$24,455,471$47,067,504
73$76,620,123$32,661,826$25,197,788$50,693,990
74$84,356,011$34,182,891$25,962,550$54,644,248
75$92,878,460$35,775,988$26,750,431$58,949,393
76$102,267,620$37,444,568$27,562,127$63,643,632
77$112,611,814$39,192,249$28,398,355$68,764,576
78$124,008,372$41,022,822$29,259,853$74,353,579
79$136,564,549$42,940,263$30,147,381$80,456,121
80$150,398,536$44,948,739$31,061,722$87,122,222
81$165,640,579$47,052,620$32,003,682$94,406,900
82$182,434,204$49,256,484$32,974,091$102,370,678
83$200,937,575$51,565,134$33,973,805$111,080,139
84$221,324,985$53,983,603$35,003,705$120,608,540
85$243,788,502$56,517,168$36,064,697$131,036,486
86$268,539,781$59,171,361$37,157,717$142,452,677
87$295,812,063$61,951,982$38,283,725$154,954,724
88$325,862,377$64,865,112$39,443,713$168,650,054
89$358,973,963$67,917,127$40,638,701$183,656,905
90$395,458,951$71,114,709$41,869,741$200,105,421
91$435,661,300$74,464,867$43,137,914$218,138,860
92$479,960,054$77,974,946$44,444,335$237,914,923
93$528,772,912$81,652,651$45,790,152$259,607,222
94$582,560,175$85,506,057$47,176,548$283,406,892
95$641,829,089$89,543,630$48,604,740$309,524,372
96$707,138,639$93,774,250$50,075,980$338,191,365
97$779,104,816$98,207,224$51,591,562$369,662,996
98$858,406,441$102,852,312$53,152,813$404,220,192
99$945,791,569$107,719,747$54,761,104$442,172,305
100$1,042,084,552$112,820,258$56,417,844$483,860,000