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%17.1%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$960,220
2 years$506,921$497,480$488,330$479,459$470,854$442,294
3 years$334,590$325,109$315,982$307,194$298,729$271,077
4 years$248,442$238,989$229,954$221,316$213,056$186,524
5 years$196,766$187,371$178,454$169,992$161,962$136,623
6 years$162,327$153,002$144,217$135,944$128,155$104,031
7 years$137,738$128,491$119,845$111,767$104,224$81,316
8 years$119,304$110,140$101,638$93,759$86,464$64,759
9 years$104,974$95,897$87,541$79,861$72,815$52,290
10 years$93,517$84,529$76,320$68,841$62,042$42,670
11 years$84,149$75,251$67,191$59,913$53,358$35,107
12 years$76,348$67,541$59,630$52,551$46,239$29,072
13 years$69,752$61,037$53,276$46,395$40,322$24,201
14 years$64,103$55,481$47,869$41,184$35,346$20,232
15 years$59,212$50,683$43,219$36,729$31,121$16,972
16 years$54,937$46,501$39,184$32,887$27,505$14,278
17 years$51,168$42,826$35,656$29,549$24,388$12,040
18 years$47,822$39,573$32,549$26,629$21,684$10,173
19 years$44,832$36,676$29,797$24,062$19,328$8,610
20 years$42,144$34,081$27,347$21,793$17,264$7,296
21 years$39,715$31,745$25,154$19,778$15,449$6,191
22 years$37,510$29,633$23,183$17,983$13,848$5,258
23 years$35,499$27,715$21,405$16,377$12,431$4,469
24 years$33,659$25,967$19,796$14,937$11,173$3,801
25 years$31,969$24,369$18,335$13,641$10,054$3,235
26 years$30,411$22,903$17,005$12,473$9,056$2,755
27 years$28,972$21,554$15,791$11,417$8,165$2,347
28 years$27,637$20,310$14,680$10,460$7,368$2,000
29 years$26,397$19,160$13,661$9,592$6,653$1,705
30 years$25,241$18,095$12,724$8,803$6,011$1,454
31 years$24,162$17,106$11,863$8,085$5,435$1,240
32 years$23,153$16,186$11,068$7,431$4,916$1,058
33 years$22,207$15,328$10,334$6,833$4,449$902
34 years$21,318$14,527$9,656$6,287$4,028$770
35 years$20,482$13,779$9,027$5,787$3,648$657
36 years$19,694$13,078$8,445$5,330$3,306$561
37 years$18,951$12,421$7,904$4,911$2,996$479
38 years$18,248$11,805$7,402$4,527$2,716$409
39 years$17,583$11,225$6,935$4,174$2,463$349
40 years$16,953$10,680$6,500$3,850$2,234$298
41 years$16,355$10,166$6,095$3,552$2,027$254
42 years$15,787$9,682$5,717$3,278$1,839$217
43 years$15,247$9,225$5,365$3,026$1,669$185
44 years$14,733$8,793$5,036$2,794$1,515$158
45 years$14,243$8,385$4,729$2,580$1,375$135
46 years$13,776$7,999$4,441$2,383$1,249$115
47 years$13,330$7,634$4,172$2,202$1,134$99
48 years$12,904$7,287$3,921$2,035$1,030$84
49 years$12,497$6,959$3,685$1,880$935$72
50 years$12,107$6,648$3,465$1,738$850$61

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 $3,930 every year, while hoping to spend $42,875 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: 70/23/7 Blend
56$12,400,000$12,400,000$12,400,000$12,400,000
57$13,668,854$13,011,654$12,819,454$14,610,554
58$15,017,458$13,603,606$13,203,287$15,825,679
59$16,502,183$14,223,127$13,598,541$17,149,185
60$18,136,868$14,871,523$14,005,555$18,596,191
61$19,936,762$15,550,160$14,424,674$20,178,815
62$21,918,668$16,260,474$14,856,256$21,910,391
63$24,101,101$17,003,967$15,300,670$23,805,592
64$26,504,464$17,782,212$15,758,294$25,880,563
65$29,151,240$18,596,861$16,229,517$28,153,074
66$32,066,202$19,449,642$16,714,741$30,642,681
67$35,276,647$20,342,368$17,214,378$33,370,910
68$38,812,659$21,276,938$17,728,853$36,361,454
69$42,707,384$22,255,342$18,258,604$39,640,396
70$46,997,350$23,279,666$18,804,080$43,236,449
71$51,722,808$24,352,098$19,365,745$47,181,224
72$56,928,112$25,474,928$19,944,075$51,509,523
73$62,662,139$26,650,559$20,539,560$56,259,664
74$68,978,748$27,881,507$21,152,706$61,473,840
75$75,937,291$29,170,412$21,784,033$67,198,508
76$83,603,170$30,520,038$22,434,074$73,484,826
77$92,048,458$31,933,284$23,103,380$80,389,130
78$101,352,576$33,413,190$23,792,518$87,973,458
79$111,603,041$34,962,938$24,502,069$96,306,134
80$122,896,297$36,585,868$25,232,635$105,462,404
81$135,338,622$38,285,479$25,984,831$115,525,138
82$149,047,132$40,065,438$26,759,294$126,585,611
83$164,150,886$41,929,590$27,556,676$138,744,354
84$180,792,101$43,881,966$28,377,650$152,112,096
85$199,127,503$45,926,789$29,222,908$166,810,803
86$219,329,795$48,068,489$30,093,163$182,974,820
87$241,589,297$50,311,707$30,989,146$200,752,132
88$266,115,735$52,661,311$31,911,613$220,305,752
89$293,140,227$55,122,402$32,861,339$241,815,250
90$322,917,459$57,700,328$33,839,122$265,478,440
91$355,728,091$60,400,696$34,845,784$291,513,236
92$391,881,409$63,229,383$35,882,170$320,159,700
93$431,718,240$66,192,550$36,949,151$351,682,297
94$475,614,174$69,296,659$38,047,621$386,372,379
95$523,983,104$72,548,479$39,178,500$424,550,925
96$577,281,138$75,955,112$40,342,737$466,571,558
97$636,010,902$79,524,000$41,541,307$512,823,871
98$700,726,285$83,262,947$42,775,211$563,737,089
99$772,037,668$87,180,134$44,045,483$619,784,110
100$850,617,688$91,284,138$45,353,184$681,485,952