Can I retire at age 57 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,232,242
2 years$650,004$637,898$626,165$614,790$603,756$568,115
3 years$429,031$416,873$405,171$393,902$383,048$348,528
4 years$318,567$306,446$294,860$283,784$273,193$240,060
5 years$252,305$240,257$228,824$217,973$207,677$176,021
6 years$208,146$196,188$184,924$174,315$164,328$134,178
7 years$176,615$164,759$153,672$143,314$133,642$105,000
8 years$152,978$141,229$130,326$120,223$110,869$83,718
9 years$134,604$122,965$112,250$102,403$93,368$67,681
10 years$119,912$108,387$97,862$88,272$79,554$55,299
11 years$107,900$96,491$86,156$76,823$68,419$45,555
12 years$97,897$86,605$76,461$67,384$59,291$37,775
13 years$89,440$78,266$68,313$59,490$51,703$31,488
14 years$82,197$71,141$61,380$52,809$45,322$26,360
15 years$75,925$64,989$55,418$47,096$39,905$22,144
16 years$70,443$59,626$50,244$42,170$35,268$18,656
17 years$65,611$54,913$45,720$37,889$31,271$15,755
18 years$61,320$50,742$41,737$34,146$27,805$13,331
19 years$57,486$47,028$38,208$30,854$24,783$11,299
20 years$54,039$43,700$35,065$27,944$22,137$9,591
21 years$50,925$40,705$32,253$25,361$19,810$8,150
22 years$48,097$37,997$29,726$23,059$17,757$6,932
23 years$45,519$35,538$27,447$21,000$15,940$5,902
24 years$43,160$33,296$25,384$19,153$14,327$5,028
25 years$40,993$31,247$23,511$17,492$12,892$4,286
26 years$38,995$29,367$21,805$15,994$11,613$3,656
27 years$37,149$27,638$20,248$14,639$10,470$3,119
28 years$35,438$26,043$18,823$13,413$9,447$2,663
29 years$33,847$24,569$17,516$12,300$8,530$2,273
30 years$32,366$23,203$16,316$11,288$7,708$1,942
31 years$30,982$21,934$15,211$10,367$6,969$1,659
32 years$29,688$20,754$14,192$9,528$6,304$1,417
33 years$28,475$19,654$13,251$8,762$5,705$1,211
34 years$27,335$18,628$12,381$8,061$5,165$1,035
35 years$26,263$17,668$11,575$7,421$4,678$885
36 years$25,253$16,770$10,829$6,835$4,239$757
37 years$24,300$15,927$10,135$6,297$3,842$647
38 years$23,399$15,137$9,491$5,804$3,483$553
39 years$22,546$14,394$8,892$5,352$3,158$473
40 years$21,738$13,694$8,335$4,936$2,865$404
41 years$20,971$13,036$7,815$4,554$2,599$346
42 years$20,243$12,415$7,331$4,203$2,358$296
43 years$19,551$11,829$6,879$3,880$2,140$253
44 years$18,891$11,275$6,457$3,582$1,943$216
45 years$18,263$10,752$6,063$3,309$1,764$185
46 years$17,664$10,257$5,695$3,056$1,601$158
47 years$17,093$9,788$5,350$2,823$1,454$135
48 years$16,546$9,344$5,028$2,609$1,320$116
49 years$16,024$8,923$4,726$2,411$1,199$99
50 years$15,524$8,524$4,443$2,229$1,089$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $15,900,000, adding $3,181 every year, while hoping to spend $35,918 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: 38/38/24 Blend
56$15,900,000$15,900,000$15,900,000$15,900,000
57$17,525,081$16,682,381$16,435,931$18,065,288
58$19,274,423$17,461,601$16,948,318$19,238,262
59$21,200,994$18,277,800$17,476,667$20,501,516
60$23,322,833$19,132,750$18,021,473$21,866,073
61$25,659,819$20,028,312$18,583,250$23,341,125
62$28,233,857$20,966,435$19,162,524$24,936,753
63$31,069,083$21,949,163$19,759,842$26,664,015
64$34,192,097$22,978,640$20,375,764$28,535,044
65$37,632,208$24,057,110$21,010,869$30,563,151
66$41,421,715$25,186,930$21,665,755$32,762,950
67$45,596,209$26,370,569$22,341,037$35,150,480
68$50,194,910$27,610,614$23,037,349$37,743,356
69$55,261,036$28,909,780$23,755,346$40,560,921
70$60,842,215$30,270,911$24,495,703$43,624,418
71$66,990,926$31,696,992$25,259,115$46,957,188
72$73,765,005$33,191,149$26,046,299$50,584,873
73$81,228,182$34,756,661$26,857,996$54,535,652
74$89,450,685$36,396,967$27,694,968$58,840,494
75$98,509,907$38,115,670$28,558,002$63,533,440
76$108,491,130$39,916,550$29,447,907$68,651,909
77$119,488,334$41,803,570$30,365,520$74,237,044
78$131,605,082$43,780,883$31,311,703$80,334,083
79$144,955,500$45,852,846$32,287,345$86,992,775
80$159,665,352$48,024,026$33,293,363$94,267,832
81$175,873,228$50,299,213$34,330,699$102,219,434
82$193,731,849$52,683,427$35,400,330$110,913,778
83$213,409,516$55,181,933$36,503,260$120,423,689
84$235,091,692$57,800,253$37,640,524$130,829,289
85$258,982,752$60,544,173$38,813,190$142,218,735
86$285,307,920$63,419,765$40,022,359$154,689,035
87$314,315,387$66,433,392$41,269,166$168,346,939
88$346,278,655$69,591,727$42,554,782$183,309,931
89$381,499,125$72,901,769$43,880,414$199,707,313
90$420,308,934$76,370,853$45,247,306$217,681,405
91$463,074,095$80,006,676$46,656,741$237,388,865
92$510,197,954$83,817,303$48,110,043$259,002,140
93$562,124,990$87,811,196$49,608,574$282,711,073
94$619,345,020$91,997,226$51,153,742$308,724,664
95$682,397,816$96,384,694$52,746,996$337,273,017
96$751,878,204$100,983,355$54,389,832$368,609,480
97$828,441,681$105,803,439$56,083,791$403,013,009
98$912,810,596$110,855,672$57,830,463$440,790,766
99$1,005,780,979$116,151,302$59,631,485$482,280,985
100$1,108,230,048$121,702,124$61,488,549$527,856,133