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%17.6%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$958,293
2 years$506,921$497,480$488,330$479,459$470,854$440,392
3 years$334,590$325,109$315,982$307,194$298,729$269,261
4 years$248,442$238,989$229,954$221,316$213,056$184,808
5 years$196,766$187,371$178,454$169,992$161,962$135,009
6 years$162,327$153,002$144,217$135,944$128,155$102,522
7 years$137,738$128,491$119,845$111,767$104,224$79,909
8 years$119,304$110,140$101,638$93,759$86,464$63,451
9 years$104,974$95,897$87,541$79,861$72,815$51,079
10 years$93,517$84,529$76,320$68,841$62,042$41,551
11 years$84,149$75,251$67,191$59,913$53,358$34,076
12 years$76,348$67,541$59,630$52,551$46,239$28,126
13 years$69,752$61,037$53,276$46,395$40,322$23,334
14 years$64,103$55,481$47,869$41,184$35,346$19,439
15 years$59,212$50,683$43,219$36,729$31,121$16,250
16 years$54,937$46,501$39,184$32,887$27,505$13,621
17 years$51,168$42,826$35,656$29,549$24,388$11,445
18 years$47,822$39,573$32,549$26,629$21,684$9,634
19 years$44,832$36,676$29,797$24,062$19,328$8,123
20 years$42,144$34,081$27,347$21,793$17,264$6,858
21 years$39,715$31,745$25,154$19,778$15,449$5,796
22 years$37,510$29,633$23,183$17,983$13,848$4,903
23 years$35,499$27,715$21,405$16,377$12,431$4,151
24 years$33,659$25,967$19,796$14,937$11,173$3,517
25 years$31,969$24,369$18,335$13,641$10,054$2,982
26 years$30,411$22,903$17,005$12,473$9,056$2,529
27 years$28,972$21,554$15,791$11,417$8,165$2,145
28 years$27,637$20,310$14,680$10,460$7,368$1,821
29 years$26,397$19,160$13,661$9,592$6,653$1,546
30 years$25,241$18,095$12,724$8,803$6,011$1,313
31 years$24,162$17,106$11,863$8,085$5,435$1,115
32 years$23,153$16,186$11,068$7,431$4,916$947
33 years$22,207$15,328$10,334$6,833$4,449$805
34 years$21,318$14,527$9,656$6,287$4,028$684
35 years$20,482$13,779$9,027$5,787$3,648$581
36 years$19,694$13,078$8,445$5,330$3,306$494
37 years$18,951$12,421$7,904$4,911$2,996$420
38 years$18,248$11,805$7,402$4,527$2,716$357
39 years$17,583$11,225$6,935$4,174$2,463$303
40 years$16,953$10,680$6,500$3,850$2,234$258
41 years$16,355$10,166$6,095$3,552$2,027$219
42 years$15,787$9,682$5,717$3,278$1,839$186
43 years$15,247$9,225$5,365$3,026$1,669$158
44 years$14,733$8,793$5,036$2,794$1,515$135
45 years$14,243$8,385$4,729$2,580$1,375$115
46 years$13,776$7,999$4,441$2,383$1,249$97
47 years$13,330$7,634$4,172$2,202$1,134$83
48 years$12,904$7,287$3,921$2,035$1,030$70
49 years$12,497$6,959$3,685$1,880$935$60
50 years$12,107$6,648$3,465$1,738$850$51

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 $2,829 every year, while hoping to spend $46,948 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: 40/40/20 Blend
56$12,400,000$12,400,000$12,400,000$12,400,000
57$13,667,718$13,010,518$12,818,318$14,133,294
58$15,011,873$13,598,081$13,197,779$15,054,321
59$16,491,558$14,212,861$13,588,379$16,045,371
60$18,120,548$14,856,143$13,990,441$17,116,566
61$19,914,021$15,529,271$14,404,298$18,275,230
62$21,888,701$16,233,655$14,830,292$19,529,397
63$24,063,018$16,970,773$15,268,775$20,887,884
64$26,457,277$17,742,172$15,720,111$22,360,367
65$29,093,855$18,549,474$16,184,670$23,957,466
66$31,997,409$19,394,379$16,662,838$25,690,844
67$35,195,109$20,278,668$17,155,007$27,573,304
68$38,716,894$21,204,207$17,661,584$29,618,912
69$42,595,756$22,172,952$18,182,985$31,843,118
70$46,868,049$23,186,952$18,719,641$34,262,894
71$51,573,832$24,248,355$19,271,991$36,896,892
72$56,757,250$25,359,412$19,840,490$39,765,609
73$62,466,948$26,522,481$20,425,605$42,891,574
74$68,756,530$27,740,036$21,027,816$46,299,552
75$75,685,064$29,014,666$21,647,616$50,016,771
76$83,317,643$30,349,087$22,285,514$54,073,168
77$91,725,996$31,746,145$22,942,031$58,501,661
78$100,989,163$33,208,822$23,617,705$63,338,457
79$111,194,248$34,740,245$24,313,089$68,623,376
80$122,437,234$36,343,689$25,028,749$74,400,219
81$134,823,891$38,022,589$25,765,272$80,717,172
82$148,470,776$39,780,544$26,523,257$87,627,247
83$163,506,331$41,621,327$27,303,321$95,188,774
84$180,072,096$43,548,891$28,106,102$103,465,933
85$198,324,045$45,567,381$28,932,251$112,529,352
86$218,434,057$47,681,143$29,782,441$122,456,758
87$240,591,541$49,894,729$30,657,363$133,333,695
88$265,005,220$52,212,912$31,557,727$145,254,320
89$291,905,105$54,640,697$32,484,263$158,322,270
90$321,544,662$57,183,329$33,437,723$172,651,632
91$354,203,210$59,846,304$34,418,878$188,367,993
92$390,188,550$62,635,385$35,428,524$205,609,618
93$429,839,878$65,556,616$36,467,476$224,528,726
94$473,530,984$68,616,327$37,536,574$245,292,915
95$521,673,776$71,821,159$38,636,680$268,086,720
96$574,722,175$75,178,071$39,768,684$293,113,332
97$633,176,399$78,694,357$40,933,496$320,596,498
98$697,587,678$82,377,668$42,132,055$350,782,603
99$768,563,468$86,236,020$43,365,326$383,942,978
100$846,773,177$90,277,820$44,634,299$420,376,430