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%11.4%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$990,901
2 years$511,009$501,492$492,268$483,326$474,651$468,733
3 years$337,289$327,731$318,530$309,671$301,138$295,351
4 years$250,446$240,917$231,808$223,101$214,774$209,163
5 years$198,353$188,882$179,893$171,363$163,268$157,849
6 years$163,636$154,236$145,380$137,040$129,188$123,968
7 years$138,848$129,527$120,812$112,668$105,065$100,047
8 years$120,266$111,029$102,458$94,515$87,161$82,345
9 years$105,820$96,670$88,247$80,506$73,402$68,787
10 years$94,271$85,210$76,936$69,397$62,543$58,126
11 years$84,827$75,858$67,733$60,396$53,789$49,568
12 years$76,963$68,086$60,111$52,975$46,612$42,583
13 years$70,314$61,530$53,705$46,769$40,647$36,805
14 years$64,620$55,929$48,255$41,516$35,631$31,973
15 years$59,690$51,092$43,567$37,025$31,372$27,893
16 years$55,380$46,876$39,500$33,152$27,727$24,422
17 years$51,581$43,171$35,944$29,787$24,584$21,448
18 years$48,208$39,892$32,812$26,844$21,859$18,886
19 years$45,193$36,971$30,038$24,256$19,484$16,668
20 years$42,484$34,356$27,567$21,968$17,403$14,740
21 years$40,035$32,001$25,356$19,938$15,574$13,057
22 years$37,812$29,872$23,370$18,128$13,960$11,584
23 years$35,786$27,938$21,578$16,509$12,531$10,291
24 years$33,931$26,176$19,956$15,058$11,263$9,152
25 years$32,227$24,565$18,483$13,752$10,135$8,148
26 years$30,657$23,087$17,142$12,574$9,129$7,261
27 years$29,205$21,728$15,918$11,509$8,231$6,475
28 years$27,860$20,474$14,798$10,545$7,427$5,779
29 years$26,609$19,315$13,771$9,670$6,706$5,160
30 years$25,445$18,241$12,827$8,874$6,060$4,611
31 years$24,357$17,244$11,958$8,150$5,478$4,122
32 years$23,340$16,316$11,157$7,490$4,956$3,686
33 years$22,386$15,452$10,418$6,888$4,485$3,298
34 years$21,490$14,645$9,734$6,338$4,061$2,951
35 years$20,647$13,890$9,100$5,834$3,678$2,642
36 years$19,853$13,184$8,513$5,373$3,332$2,366
37 years$19,103$12,522$7,968$4,951$3,020$2,120
38 years$18,395$11,900$7,462$4,563$2,738$1,899
39 years$17,725$11,316$6,991$4,207$2,483$1,702
40 years$17,089$10,766$6,552$3,881$2,252$1,525
41 years$16,487$10,248$6,144$3,580$2,043$1,367
42 years$15,914$9,760$5,763$3,304$1,854$1,226
43 years$15,370$9,299$5,408$3,050$1,683$1,099
44 years$14,852$8,864$5,077$2,816$1,527$986
45 years$14,358$8,453$4,767$2,601$1,387$884
46 years$13,887$8,064$4,477$2,403$1,259$793
47 years$13,438$7,695$4,206$2,220$1,143$711
48 years$13,008$7,346$3,953$2,051$1,038$638
49 years$12,597$7,015$3,715$1,896$943$572
50 years$12,204$6,701$3,493$1,752$856$514

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 $5,828 every year, while hoping to spend $46,660 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: 32/43/25 Blend
56$12,500,000$12,500,000$12,500,000$12,500,000
57$13,781,012$13,118,512$12,924,762$14,116,165
58$15,137,029$13,711,673$13,308,095$14,964,407
59$16,629,796$14,332,335$13,702,707$15,872,834
60$18,273,212$14,981,797$14,108,925$16,850,378
61$20,082,593$15,661,418$14,527,087$17,903,140
62$22,074,815$16,372,624$14,957,541$19,037,806
63$24,268,472$17,116,909$15,400,645$20,261,699
64$26,684,057$17,895,838$15,856,767$21,582,847
65$29,344,148$18,711,051$16,326,286$23,010,048
66$32,273,624$19,564,266$16,809,590$24,552,952
67$35,499,903$20,457,285$17,307,080$26,222,145
68$39,053,195$21,391,994$17,819,170$28,029,236
69$42,966,791$22,370,371$18,346,281$29,986,968
70$47,277,374$23,394,489$18,888,852$32,109,324
71$52,025,367$24,466,520$19,447,329$34,411,655
72$57,255,315$25,588,740$20,022,175$36,910,815
73$63,016,303$26,763,535$20,613,865$39,625,312
74$69,362,422$27,993,404$21,222,885$42,575,475
75$76,353,277$29,280,968$21,849,739$45,783,634
76$84,054,549$30,628,974$22,494,944$49,274,325
77$92,538,618$32,040,299$23,159,029$53,074,506
78$101,885,243$33,517,959$23,842,543$57,213,806
79$112,182,316$35,065,117$24,546,046$61,724,791
80$123,526,691$36,685,086$25,270,117$66,643,259
81$136,025,098$38,381,340$26,015,351$72,008,568
82$149,795,151$40,157,519$26,782,358$77,863,994
83$164,966,457$42,017,439$27,571,768$84,257,126
84$181,681,842$43,965,099$28,384,228$91,240,300
85$200,098,692$46,004,691$29,220,403$98,871,082
86$220,390,449$48,140,611$30,080,976$107,212,791
87$242,748,238$50,377,464$30,966,652$116,335,087
88$267,382,677$52,720,079$31,878,154$126,314,607
89$294,525,864$55,173,517$32,816,226$137,235,673
90$324,433,566$57,743,083$33,781,633$149,191,070
91$357,387,634$60,434,338$34,775,162$162,282,902
92$393,698,665$63,253,114$35,797,623$176,623,538
93$433,708,933$66,205,520$36,849,847$192,336,647
94$477,795,617$69,297,964$37,932,690$209,558,352
95$526,374,367$72,537,161$39,047,032$228,438,481
96$579,903,223$75,930,152$40,193,778$249,141,970
97$638,886,941$79,484,318$41,373,858$271,850,385
98$703,881,755$83,207,397$42,588,229$296,763,613
99$775,500,634$87,107,498$43,837,874$324,101,726
100$854,419,060$91,193,128$45,123,805$354,107,024