Can I retire at age 57 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$972,013
2 years$506,921$497,480$488,330$479,459$470,854$453,999
3 years$334,590$325,109$315,982$307,194$298,729$282,325
4 years$248,442$238,989$229,954$221,316$213,056$197,230
5 years$196,766$187,371$178,454$169,992$161,962$146,758
6 years$162,327$153,002$144,217$135,944$128,155$113,591
7 years$137,738$128,491$119,845$111,767$104,224$90,305
8 years$119,304$110,140$101,638$93,759$86,464$73,186
9 years$104,974$95,897$87,541$79,861$72,815$60,172
10 years$93,517$84,529$76,320$68,841$62,042$50,022
11 years$84,149$75,251$67,191$59,913$53,358$41,949
12 years$76,348$67,541$59,630$52,551$46,239$35,425
13 years$69,752$61,037$53,276$46,395$40,322$30,086
14 years$64,103$55,481$47,869$41,184$35,346$25,672
15 years$59,212$50,683$43,219$36,729$31,121$21,990
16 years$54,937$46,501$39,184$32,887$27,505$18,898
17 years$51,168$42,826$35,656$29,549$24,388$16,285
18 years$47,822$39,573$32,549$26,629$21,684$14,066
19 years$44,832$36,676$29,797$24,062$19,328$12,174
20 years$42,144$34,081$27,347$21,793$17,264$10,553
21 years$39,715$31,745$25,154$19,778$15,449$9,162
22 years$37,510$29,633$23,183$17,983$13,848$7,964
23 years$35,499$27,715$21,405$16,377$12,431$6,930
24 years$33,659$25,967$19,796$14,937$11,173$6,036
25 years$31,969$24,369$18,335$13,641$10,054$5,262
26 years$30,411$22,903$17,005$12,473$9,056$4,590
27 years$28,972$21,554$15,791$11,417$8,165$4,006
28 years$27,637$20,310$14,680$10,460$7,368$3,498
29 years$26,397$19,160$13,661$9,592$6,653$3,056
30 years$25,241$18,095$12,724$8,803$6,011$2,671
31 years$24,162$17,106$11,863$8,085$5,435$2,335
32 years$23,153$16,186$11,068$7,431$4,916$2,043
33 years$22,207$15,328$10,334$6,833$4,449$1,787
34 years$21,318$14,527$9,656$6,287$4,028$1,564
35 years$20,482$13,779$9,027$5,787$3,648$1,368
36 years$19,694$13,078$8,445$5,330$3,306$1,198
37 years$18,951$12,421$7,904$4,911$2,996$1,049
38 years$18,248$11,805$7,402$4,527$2,716$918
39 years$17,583$11,225$6,935$4,174$2,463$804
40 years$16,953$10,680$6,500$3,850$2,234$704
41 years$16,355$10,166$6,095$3,552$2,027$617
42 years$15,787$9,682$5,717$3,278$1,839$540
43 years$15,247$9,225$5,365$3,026$1,669$473
44 years$14,733$8,793$5,036$2,794$1,515$415
45 years$14,243$8,385$4,729$2,580$1,375$363
46 years$13,776$7,999$4,441$2,383$1,249$318
47 years$13,330$7,634$4,172$2,202$1,134$279
48 years$12,904$7,287$3,921$2,035$1,030$244
49 years$12,497$6,959$3,685$1,880$935$214
50 years$12,107$6,648$3,465$1,738$850$188

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,400,000, adding $3,192 every year, while hoping to spend $55,643 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: 56/17/27 Blend
56$12,400,000$12,400,000$12,400,000$12,400,000
57$13,668,093$13,010,893$12,818,693$14,331,833
58$15,003,034$13,589,223$13,188,915$15,366,750
59$16,472,275$14,194,026$13,569,675$16,487,690
60$18,089,455$14,826,541$13,961,267$17,707,896
61$19,869,603$15,488,065$14,363,993$19,036,957
62$21,829,279$16,179,957$14,778,163$20,485,422
63$23,986,731$16,903,640$15,204,097$22,064,895
64$26,362,065$17,660,606$15,642,122$23,788,142
65$28,977,437$18,452,417$16,092,575$25,669,208
66$31,857,260$19,280,710$16,555,800$27,723,547
67$35,028,435$20,147,199$17,032,154$29,968,165
68$38,520,604$21,053,680$17,521,999$32,421,778
69$42,366,431$22,002,036$18,025,712$35,104,983
70$46,601,910$22,994,239$18,543,676$38,040,452
71$51,266,701$24,032,353$19,076,286$41,253,139
72$56,404,511$25,118,545$19,623,948$44,770,515
73$62,063,498$26,255,080$20,187,077$48,622,820
74$68,296,732$27,444,337$20,766,101$52,843,349
75$75,162,693$28,688,803$21,361,460$57,468,756
76$82,725,822$29,991,089$21,973,604$62,539,402
77$91,057,131$31,353,928$22,602,995$68,099,726
78$100,234,872$32,780,184$23,250,109$74,198,662
79$110,345,275$34,272,859$23,915,433$80,890,097
80$121,483,362$35,835,098$24,599,469$88,233,370
81$133,753,845$37,470,197$25,302,731$96,293,834
82$147,272,110$39,181,610$26,025,746$105,143,459
83$162,165,313$40,972,957$26,769,056$114,861,513
84$178,573,573$42,848,030$27,533,217$125,535,298
85$196,651,299$44,810,805$28,318,802$137,260,970
86$216,568,645$46,865,447$29,126,394$150,144,442
87$238,513,115$49,016,323$29,956,597$164,302,374
88$262,691,337$51,268,007$30,810,027$179,863,269
89$289,331,009$53,625,295$31,687,319$196,968,674
90$318,683,050$56,093,212$32,589,122$215,774,517
91$351,023,968$58,677,027$33,516,105$236,452,560
92$386,658,470$61,382,258$34,468,951$259,192,022
93$425,922,338$64,214,693$35,448,365$284,201,347
94$469,185,599$67,180,395$36,455,068$311,710,171
95$516,856,016$70,285,720$37,489,799$341,971,472
96$569,382,941$73,537,332$38,553,318$375,263,955
97$627,261,552$76,942,212$39,646,405$411,894,668
98$691,037,530$80,507,680$40,769,860$452,201,890
99$761,312,209$84,241,408$41,924,502$496,558,313
100$838,748,255$88,151,438$43,111,173$545,374,552