Can I retire at age 57 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,192,052
2 years$629,563$617,838$606,475$595,457$584,770$548,827
3 years$415,540$403,764$392,429$381,515$371,002$336,207
4 years$308,549$296,809$285,588$274,860$264,602$231,223
5 years$244,371$232,702$221,628$211,119$201,146$169,274
6 years$201,600$190,019$179,108$168,834$159,160$128,823
7 years$171,061$159,577$148,840$138,807$129,440$100,638
8 years$148,168$136,787$126,228$116,442$107,383$80,098
9 years$130,371$119,098$108,720$99,183$90,432$64,638
10 years$116,142$104,979$94,785$85,497$77,052$52,713
11 years$104,507$93,457$83,447$74,408$66,268$43,341
12 years$94,819$83,882$74,057$65,265$57,426$35,868
13 years$86,627$75,805$66,165$57,620$50,077$29,838
14 years$79,612$68,904$59,450$51,148$43,897$24,927
15 years$73,538$62,945$53,675$45,615$38,650$20,896
16 years$68,228$57,751$48,664$40,844$34,159$17,566
17 years$63,548$53,187$44,283$36,698$30,288$14,802
18 years$59,392$49,147$40,424$33,072$26,931$12,497
19 years$55,678$45,549$37,006$29,883$24,004$10,569
20 years$52,340$42,326$33,963$27,065$21,441$8,950
21 years$49,323$39,425$31,239$24,563$19,187$7,588
22 years$46,585$36,802$28,792$22,334$17,198$6,439
23 years$44,088$34,420$26,584$20,340$15,438$5,469
24 years$41,803$32,249$24,586$18,551$13,876$4,648
25 years$39,704$30,264$22,771$16,942$12,487$3,953
26 years$37,769$28,444$21,119$15,491$11,247$3,363
27 years$35,981$26,769$19,611$14,179$10,141$2,863
28 years$34,323$25,224$18,231$12,991$9,150$2,438
29 years$32,783$23,796$16,966$11,913$8,262$2,076
30 years$31,348$22,473$15,803$10,933$7,465$1,769
31 years$30,008$21,244$14,732$10,041$6,749$1,507
32 years$28,754$20,101$13,746$9,228$6,105$1,285
33 years$27,579$19,036$12,834$8,486$5,525$1,095
34 years$26,475$18,042$11,992$7,808$5,003$934
35 years$25,437$17,113$11,211$7,188$4,531$796
36 years$24,459$16,242$10,488$6,620$4,105$679
37 years$23,535$15,427$9,817$6,099$3,721$579
38 years$22,663$14,661$9,193$5,622$3,373$494
39 years$21,837$13,941$8,613$5,183$3,059$421
40 years$21,054$13,264$8,073$4,781$2,775$359
41 years$20,312$12,626$7,570$4,411$2,517$307
42 years$19,606$12,024$7,101$4,071$2,284$261
43 years$18,936$11,457$6,663$3,758$2,073$223
44 years$18,297$10,921$6,254$3,470$1,882$190
45 years$17,689$10,414$5,873$3,204$1,708$162
46 years$17,109$9,934$5,516$2,960$1,551$138
47 years$16,555$9,481$5,182$2,735$1,408$118
48 years$16,026$9,050$4,869$2,527$1,279$101
49 years$15,520$8,643$4,577$2,335$1,162$86
50 years$15,036$8,256$4,303$2,159$1,055$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,400,000, adding $6,644 every year, while hoping to spend $23,112 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: 81/13/6 Blend
56$15,400,000$15,400,000$15,400,000$15,400,000
57$16,977,653$16,161,453$15,922,753$18,345,277
58$18,684,783$16,928,774$16,431,575$20,008,148
59$20,565,265$17,732,918$16,956,667$21,828,996
60$22,636,758$18,575,666$17,498,550$23,826,652
61$24,918,718$19,458,885$18,057,763$26,018,772
62$27,432,588$20,384,531$18,634,859$28,424,797
63$30,201,997$21,354,658$19,230,411$31,066,132
64$33,252,980$22,371,415$19,845,009$33,966,349
65$36,614,230$23,437,061$20,479,264$37,151,406
66$40,317,366$24,553,961$21,133,803$40,649,886
67$44,397,228$25,724,597$21,809,277$44,493,269
68$48,892,213$26,951,569$22,506,355$48,716,223
69$53,844,630$28,237,607$23,225,729$53,356,931
70$59,301,103$29,585,571$23,968,112$58,457,445
71$65,313,014$30,998,462$24,734,242$64,064,082
72$71,936,979$32,479,425$25,524,877$70,227,858
73$79,235,394$34,031,759$26,340,803$77,004,965
74$87,277,013$35,658,925$27,182,829$84,457,298
75$96,137,605$37,364,549$28,051,791$92,653,036
76$105,900,665$39,152,436$28,948,550$101,667,280
77$116,658,204$41,026,576$29,873,997$111,582,761
78$128,511,615$42,991,153$30,829,050$122,490,612
79$141,572,633$45,050,553$31,814,657$134,491,227
80$155,964,390$47,209,378$32,831,796$147,695,204
81$171,822,574$49,472,453$33,881,477$162,224,381
82$189,296,711$51,844,839$34,964,742$178,212,985
83$208,551,580$54,331,840$36,082,665$195,808,889
84$229,768,763$56,939,022$37,236,356$215,175,006
85$253,148,364$59,672,222$38,426,961$236,490,820
86$278,910,895$62,537,558$39,655,662$259,954,071
87$307,299,358$65,541,450$40,923,679$285,782,619
88$338,581,541$68,690,629$42,232,270$314,216,493
89$373,052,541$71,992,153$43,582,734$345,520,147
90$411,037,558$75,453,426$44,976,413$379,984,953
91$452,894,957$79,082,212$46,414,691$417,931,940
92$499,019,654$82,886,653$47,898,995$459,714,817
93$549,846,848$86,875,287$49,430,800$505,723,306
94$605,856,121$91,057,072$51,011,627$556,386,809
95$667,575,975$95,441,397$52,643,046$612,178,455
96$735,588,813$100,038,115$54,326,677$673,619,553
97$810,536,444$104,857,554$56,064,192$741,284,507
98$893,126,137$109,910,550$57,857,318$815,806,223
99$984,137,300$115,208,463$59,707,835$897,882,078
100$1,084,428,838$120,763,212$61,617,582$988,280,488