Can I retire at age 57 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$978,243
2 years$511,009$501,492$492,268$483,326$474,651$456,057
3 years$337,289$327,731$318,530$309,671$301,138$283,054
4 years$250,446$240,917$231,808$223,101$214,774$197,340
5 years$198,353$188,882$179,893$171,363$163,268$146,533
6 years$163,636$154,236$145,380$137,040$129,188$113,171
7 years$138,848$129,527$120,812$112,668$105,065$89,769
8 years$120,266$111,029$102,458$94,515$87,161$72,584
9 years$105,820$96,670$88,247$80,506$73,402$59,534
10 years$94,271$85,210$76,936$69,397$62,543$49,371
11 years$84,827$75,858$67,733$60,396$53,789$41,298
12 years$76,963$68,086$60,111$52,975$46,612$34,786
13 years$70,314$61,530$53,705$46,769$40,647$29,465
14 years$64,620$55,929$48,255$41,516$35,631$25,074
15 years$59,690$51,092$43,567$37,025$31,372$21,420
16 years$55,380$46,876$39,500$33,152$27,727$18,356
17 years$51,581$43,171$35,944$29,787$24,584$15,773
18 years$48,208$39,892$32,812$26,844$21,859$13,584
19 years$45,193$36,971$30,038$24,256$19,484$11,722
20 years$42,484$34,356$27,567$21,968$17,403$10,131
21 years$40,035$32,001$25,356$19,938$15,574$8,769
22 years$37,812$29,872$23,370$18,128$13,960$7,599
23 years$35,786$27,938$21,578$16,509$12,531$6,592
24 years$33,931$26,176$19,956$15,058$11,263$5,724
25 years$32,227$24,565$18,483$13,752$10,135$4,973
26 years$30,657$23,087$17,142$12,574$9,129$4,324
27 years$29,205$21,728$15,918$11,509$8,231$3,762
28 years$27,860$20,474$14,798$10,545$7,427$3,275
29 years$26,609$19,315$13,771$9,670$6,706$2,852
30 years$25,445$18,241$12,827$8,874$6,060$2,484
31 years$24,357$17,244$11,958$8,150$5,478$2,165
32 years$23,340$16,316$11,157$7,490$4,956$1,887
33 years$22,386$15,452$10,418$6,888$4,485$1,645
34 years$21,490$14,645$9,734$6,338$4,061$1,435
35 years$20,647$13,890$9,100$5,834$3,678$1,252
36 years$19,853$13,184$8,513$5,373$3,332$1,092
37 years$19,103$12,522$7,968$4,951$3,020$953
38 years$18,395$11,900$7,462$4,563$2,738$831
39 years$17,725$11,316$6,991$4,207$2,483$725
40 years$17,089$10,766$6,552$3,881$2,252$633
41 years$16,487$10,248$6,144$3,580$2,043$553
42 years$15,914$9,760$5,763$3,304$1,854$482
43 years$15,370$9,299$5,408$3,050$1,683$421
44 years$14,852$8,864$5,077$2,816$1,527$368
45 years$14,358$8,453$4,767$2,601$1,387$321
46 years$13,887$8,064$4,477$2,403$1,259$280
47 years$13,438$7,695$4,206$2,220$1,143$245
48 years$13,008$7,346$3,953$2,051$1,038$214
49 years$12,597$7,015$3,715$1,896$943$187
50 years$12,204$6,701$3,493$1,752$856$163

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,500,000, adding $6,533 every year, while hoping to spend $55,094 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: 28/49/23 Blend
56$12,500,000$12,500,000$12,500,000$12,500,000
57$13,781,739$13,119,239$12,925,489$14,067,960
58$15,128,857$13,703,462$13,299,873$14,876,856
59$16,611,534$14,314,465$13,684,953$15,740,060
60$18,243,539$14,953,503$14,081,028$16,666,367
61$20,040,045$15,621,890$14,488,407$17,661,208
62$22,017,768$16,321,000$14,907,406$18,730,525
63$24,195,127$17,052,277$15,338,352$19,880,818
64$26,592,422$17,817,230$15,781,578$21,119,208
65$29,232,016$18,617,441$16,237,428$22,453,490
66$32,138,554$19,454,569$16,706,255$23,892,204
67$35,339,193$20,330,349$17,188,421$25,444,709
68$38,863,856$21,246,601$17,684,298$27,121,261
69$42,745,517$22,205,232$18,194,270$28,933,107
70$47,020,510$23,208,239$18,718,728$30,892,577
71$51,728,873$24,257,713$19,258,076$33,013,197
72$56,914,726$25,355,849$19,812,730$35,309,807
73$62,626,685$26,504,943$20,383,113$37,798,690
74$68,918,324$27,707,402$20,969,664$40,497,717
75$75,848,677$28,965,748$21,572,832$43,426,508
76$83,482,797$30,282,625$22,193,077$46,606,604
77$91,892,371$31,660,802$22,830,874$50,061,661
78$101,156,392$33,103,181$23,486,708$53,817,661
79$111,361,911$34,612,804$24,161,079$57,903,145
80$122,604,850$36,192,856$24,854,499$62,349,471
81$134,990,916$37,846,677$25,567,496$67,191,100
82$148,636,593$39,577,767$26,300,611$72,465,900
83$163,670,241$41,389,794$27,054,397$78,215,495
84$180,233,313$43,286,600$27,829,426$84,485,644
85$198,481,681$45,272,215$28,626,283$91,326,652
86$218,587,118$47,350,858$29,445,568$98,793,835
87$240,738,908$49,526,955$30,287,899$106,948,018
88$265,145,642$51,805,141$31,153,909$115,856,099
89$292,037,181$54,190,276$32,044,249$125,591,656
90$321,666,828$56,687,454$32,959,585$136,235,625
91$354,313,717$59,302,011$33,900,603$147,877,043
92$390,285,450$62,039,544$34,868,008$160,613,866
93$429,920,999$64,905,915$35,862,519$174,553,875
94$473,593,907$67,907,271$36,884,880$189,815,664
95$521,715,812$71,050,054$37,935,850$206,529,742
96$574,740,335$74,341,016$39,016,210$224,839,733
97$633,167,358$77,787,234$40,126,762$244,903,712
98$697,547,748$81,396,128$41,268,328$266,895,662
99$768,488,553$85,175,474$42,441,752$291,007,091
100$846,658,735$89,133,421$43,647,900$317,448,812