Can I retire at age 57 with 12,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$999,265
2 years$523,273$513,528$504,083$494,925$486,043$464,558
3 years$345,384$335,596$326,175$317,104$308,366$287,492
4 years$256,456$246,699$237,372$228,455$219,929$199,827
5 years$203,114$193,415$184,210$175,476$167,186$147,913
6 years$167,564$157,938$148,869$140,329$132,289$113,865
7 years$142,181$132,636$123,711$115,372$107,586$90,016
8 years$123,152$113,693$104,917$96,783$89,253$72,530
9 years$108,360$98,991$90,365$82,438$75,164$59,277
10 years$96,533$87,255$78,782$71,062$64,044$48,976
11 years$86,863$77,678$69,359$61,845$55,080$40,813
12 years$78,810$69,720$61,554$54,247$47,731$34,244
13 years$72,002$63,006$54,994$47,892$41,622$28,891
14 years$66,171$57,271$49,413$42,513$36,486$24,486
15 years$61,122$52,318$44,613$37,914$32,125$20,830
16 years$56,709$48,001$40,448$33,948$28,392$17,775
17 years$52,819$44,207$36,806$30,502$25,174$15,208
18 years$49,365$40,849$33,599$27,488$22,384$13,041
19 years$46,278$37,859$30,759$24,838$19,951$11,203
20 years$43,503$35,180$28,229$22,496$17,821$9,639
21 years$40,996$32,769$25,965$20,416$15,948$8,305
22 years$38,720$30,589$23,931$18,563$14,295$7,164
23 years$36,645$28,609$22,096$16,906$12,832$6,185
24 years$34,745$26,805$20,435$15,419$11,534$5,345
25 years$33,000$25,155$18,927$14,082$10,378$4,623
26 years$31,392$23,642$17,554$12,875$9,349$4,000
27 years$29,906$22,249$16,300$11,785$8,428$3,463
28 years$28,528$20,966$15,153$10,798$7,605$3,000
29 years$27,248$19,779$14,101$9,902$6,867$2,600
30 years$26,055$18,679$13,135$9,087$6,205$2,253
31 years$24,942$17,658$12,245$8,346$5,610$1,954
32 years$23,900$16,708$11,425$7,670$5,075$1,695
33 years$22,923$15,822$10,668$7,053$4,592$1,470
34 years$22,006$14,996$9,967$6,490$4,158$1,276
35 years$21,143$14,224$9,319$5,974$3,766$1,107
36 years$20,329$13,500$8,717$5,502$3,412$961
37 years$19,562$12,822$8,159$5,069$3,093$834
38 years$18,837$12,186$7,641$4,673$2,804$724
39 years$18,150$11,587$7,159$4,308$2,543$629
40 years$17,500$11,024$6,710$3,974$2,306$546
41 years$16,882$10,494$6,292$3,666$2,092$474
42 years$16,296$9,994$5,902$3,384$1,898$412
43 years$15,739$9,523$5,538$3,123$1,723$358
44 years$15,208$9,077$5,198$2,884$1,564$311
45 years$14,703$8,656$4,881$2,663$1,420$270
46 years$14,220$8,257$4,584$2,460$1,289$234
47 years$13,760$7,880$4,307$2,273$1,171$204
48 years$13,320$7,522$4,047$2,100$1,063$177
49 years$12,900$7,184$3,804$1,941$965$154
50 years$12,497$6,862$3,577$1,794$877$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,800,000, adding $4,238 every year, while hoping to spend $25,059 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: 74/12/14 Blend
56$12,800,000$12,800,000$12,800,000$12,800,000
57$14,109,971$13,431,571$13,233,171$15,111,497
58$15,522,526$14,063,056$13,649,820$16,405,854
59$17,078,321$14,724,643$14,079,587$17,820,109
60$18,791,941$15,417,782$14,522,884$19,369,000
61$20,679,457$16,143,991$14,980,138$21,065,883
62$22,758,577$16,904,862$15,451,789$22,925,465
63$25,048,817$17,702,066$15,938,289$24,963,936
64$27,571,681$18,537,351$16,440,106$27,199,118
65$30,350,865$19,412,554$16,957,722$29,650,639
66$33,412,482$20,329,598$17,491,635$32,340,106
67$36,785,308$21,290,501$18,042,357$35,291,313
68$40,501,052$22,297,378$18,610,419$38,530,462
69$44,594,657$23,352,447$19,196,365$42,086,406
70$49,104,627$24,458,033$19,800,759$45,990,919
71$54,073,397$25,616,574$20,424,182$50,278,996
72$59,547,723$26,830,626$21,067,232$54,989,176
73$65,579,135$28,102,871$21,730,528$60,163,906
74$72,224,413$29,436,118$22,414,707$65,849,936
75$79,546,130$30,833,314$23,120,427$72,098,758
76$87,613,240$32,297,551$23,848,365$78,967,090
77$96,501,727$33,832,067$24,599,222$86,517,406
78$106,295,325$35,440,261$25,373,718$94,818,521
79$117,086,309$37,125,694$26,172,598$103,946,239
80$128,976,362$38,892,103$26,996,630$113,984,063
81$142,077,539$40,743,404$27,846,605$125,023,978
82$156,513,322$42,683,705$28,723,340$137,167,318
83$172,419,786$44,717,312$29,627,678$150,525,713
84$189,946,887$46,848,743$30,560,488$165,222,143
85$209,259,871$49,082,733$31,522,665$181,392,089
86$230,540,839$51,424,247$32,515,136$199,184,810
87$253,990,464$53,878,495$33,538,852$218,764,745
88$279,829,886$56,450,936$34,594,799$240,313,058
89$308,302,800$59,147,297$35,683,990$264,029,346
90$339,677,754$61,973,584$36,807,472$290,133,512
91$374,250,688$64,936,092$37,966,326$318,867,838
92$412,347,724$68,041,427$39,161,663$350,499,263
93$454,328,246$71,296,511$40,394,634$385,321,896
94$500,588,296$74,708,608$41,666,422$423,659,785
95$551,564,305$78,285,333$42,978,250$465,869,968
96$607,737,221$82,034,672$44,331,379$512,345,836
97$669,637,045$85,964,998$45,727,108$563,520,837
98$737,847,836$90,085,096$47,166,778$619,872,559
99$813,013,224$94,404,174$48,651,774$681,927,230
100$895,842,487$98,931,892$50,183,522$750,264,672