Can I retire at age 57 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,251,974
2 years$645,915$633,886$622,227$610,924$599,959$591,950
3 years$426,333$414,251$402,622$391,425$380,639$372,808
4 years$316,563$304,519$293,006$281,999$271,475$263,883
5 years$250,719$238,746$227,385$216,603$206,371$199,041
6 years$206,836$194,954$183,761$173,219$163,294$156,235
7 years$175,504$163,722$152,706$142,413$132,802$126,017
8 years$152,016$140,340$129,507$119,467$110,172$103,662
9 years$133,757$122,191$111,544$101,759$92,781$86,544
10 years$119,158$107,706$97,247$87,717$79,054$73,087
11 years$107,222$95,884$85,614$76,340$67,989$62,288
12 years$97,282$86,060$75,981$66,961$58,918$53,477
13 years$88,877$77,773$67,884$59,116$51,377$46,192
14 years$81,680$70,694$60,994$52,477$45,037$40,101
15 years$75,448$64,580$55,069$46,800$39,654$34,961
16 years$70,000$59,251$49,928$41,904$35,047$30,589
17 years$65,198$54,568$45,433$37,651$31,075$26,846
18 years$60,935$50,423$41,474$33,931$27,630$23,622
19 years$57,124$46,732$37,968$30,659$24,627$20,834
20 years$53,699$43,425$34,845$27,768$21,998$18,410
21 years$50,604$40,449$32,051$25,201$19,685$16,296
22 years$47,795$37,758$29,540$22,914$17,645$14,447
23 years$45,233$35,314$27,275$20,868$15,839$12,824
24 years$42,889$33,087$25,224$19,033$14,237$11,397
25 years$40,735$31,051$23,363$17,382$12,811$10,139
26 years$38,750$29,182$21,668$15,893$11,540$9,027
27 years$36,915$27,464$20,120$14,547$10,404$8,044
28 years$35,215$25,879$18,705$13,328$9,388$7,173
29 years$33,634$24,414$17,406$12,222$8,477$6,400
30 years$32,162$23,057$16,213$11,217$7,659$5,714
31 years$30,787$21,796$15,115$10,302$6,925$5,104
32 years$29,501$20,624$14,103$9,468$6,264$4,561
33 years$28,295$19,531$13,168$8,707$5,669$4,077
34 years$27,163$18,511$12,303$8,011$5,133$3,646
35 years$26,098$17,557$11,503$7,374$4,649$3,261
36 years$25,094$16,664$10,760$6,792$4,212$2,918
37 years$24,147$15,827$10,072$6,258$3,817$2,612
38 years$23,251$15,042$9,432$5,768$3,461$2,338
39 years$22,404$14,303$8,836$5,318$3,138$2,093
40 years$21,601$13,608$8,282$4,905$2,847$1,875
41 years$20,839$12,954$7,766$4,526$2,583$1,679
42 years$20,116$12,337$7,285$4,177$2,343$1,504
43 years$19,428$11,754$6,836$3,856$2,127$1,347
44 years$18,773$11,204$6,417$3,560$1,930$1,207
45 years$18,149$10,684$6,025$3,288$1,753$1,082
46 years$17,553$10,192$5,659$3,037$1,591$970
47 years$16,985$9,727$5,316$2,806$1,445$869
48 years$16,442$9,285$4,996$2,593$1,312$779
49 years$15,923$8,867$4,696$2,396$1,192$698
50 years$15,426$8,470$4,415$2,215$1,082$626

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,800,000, adding $4,868 every year, while hoping to spend $21,417 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: 58/18/24 Blend
56$15,800,000$15,800,000$15,800,000$15,800,000
57$17,416,621$16,579,221$16,334,321$18,313,680
58$19,170,329$17,368,816$16,858,734$19,715,860
59$21,102,197$18,196,382$17,399,996$21,241,203
60$23,230,376$19,063,759$17,958,650$22,903,853
61$25,574,865$19,972,874$18,535,255$24,717,095
62$28,157,704$20,925,748$19,130,389$26,695,540
63$31,003,179$21,924,499$19,744,647$28,855,261
64$34,138,056$22,971,352$20,378,645$31,213,936
65$37,591,825$24,068,635$21,033,017$33,791,012
66$41,396,986$25,218,794$21,708,418$36,607,886
67$45,589,354$26,424,390$22,405,526$39,688,102
68$50,208,395$27,688,112$23,125,037$43,057,563
69$55,297,599$29,012,777$23,867,674$46,744,780
70$60,904,892$30,401,341$24,634,179$50,781,127
71$67,083,088$31,856,903$25,425,320$55,201,136
72$73,890,385$33,382,714$26,241,891$60,042,815
73$81,390,919$34,982,181$27,084,709$65,348,005
74$89,655,364$36,658,880$27,954,618$71,162,761
75$98,761,603$38,416,557$28,852,490$77,537,787
76$108,795,463$40,259,144$29,779,224$84,528,906
77$119,851,522$42,190,764$30,735,750$92,197,577
78$132,034,004$44,215,739$31,723,025$100,611,471
79$145,457,766$46,338,604$32,742,040$109,845,099
80$160,249,374$48,564,111$33,793,814$119,980,511
81$176,548,307$50,897,249$34,879,403$131,108,057
82$194,508,265$53,343,245$35,999,894$143,327,235
83$214,298,628$55,907,585$37,156,411$156,747,619
84$236,106,050$58,596,018$38,350,112$171,489,885
85$260,136,221$61,414,577$39,582,195$187,686,937
86$286,615,811$64,369,586$40,853,894$205,485,155
87$315,794,609$67,467,681$42,166,484$225,045,763
88$347,947,879$70,715,818$43,521,282$246,546,338
89$383,378,963$74,121,293$44,919,646$270,182,480
90$422,422,140$77,691,760$46,362,977$296,169,640
91$465,445,785$81,435,242$47,852,723$324,745,141
92$512,855,844$85,360,158$49,390,378$356,170,408
93$565,099,669$89,475,334$50,977,484$390,733,421
94$622,670,238$93,790,029$52,615,633$428,751,415
95$686,110,814$98,313,951$54,306,468$470,573,862
96$756,020,066$103,057,284$56,051,684$516,585,751
97$833,057,730$108,030,708$57,853,032$567,211,210
98$917,950,829$113,245,424$59,712,320$622,917,486
99$1,011,500,543$118,713,179$61,631,411$684,219,343
100$1,114,589,767$124,446,293$63,612,233$751,683,896