Can I retire at age 57 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$990,198
2 years$527,361$517,540$508,021$498,792$489,840$451,527
3 years$348,082$338,218$328,723$319,581$310,775$273,819
4 years$258,460$248,626$239,226$230,240$221,647$186,331
5 years$204,701$194,926$185,649$176,846$168,493$134,908
6 years$168,873$159,172$150,032$141,425$133,322$101,492
7 years$143,292$133,672$124,678$116,274$108,427$78,342
8 years$124,114$114,582$105,736$97,539$89,951$61,584
9 years$109,207$99,764$91,071$83,082$75,751$49,063
10 years$97,287$87,937$79,398$71,617$64,544$39,486
11 years$87,542$78,285$69,900$62,328$55,510$32,028
12 years$79,426$70,265$62,035$54,670$48,104$26,138
13 years$72,564$63,499$55,424$48,266$41,947$21,435
14 years$66,688$57,718$49,799$42,845$36,771$17,647
15 years$61,600$52,727$44,962$38,210$32,376$14,574
16 years$57,152$48,376$40,764$34,213$28,614$12,068
17 years$53,231$44,552$37,094$30,740$25,371$10,013
18 years$49,750$41,168$33,862$27,703$22,559$8,323
19 years$46,639$38,154$30,999$25,032$20,107$6,927
20 years$43,843$35,455$28,449$22,671$17,960$5,773
21 years$41,316$33,025$26,168$20,576$16,072$4,815
22 years$39,022$30,828$24,118$18,708$14,407$4,020
23 years$36,931$28,832$22,268$17,038$12,932$3,358
24 years$35,017$27,014$20,595$15,539$11,624$2,807
25 years$33,258$25,351$19,075$14,192$10,460$2,347
26 years$31,638$23,826$17,691$12,976$9,422$1,964
27 years$30,140$22,423$16,427$11,877$8,494$1,643
28 years$28,751$21,129$15,271$10,882$7,665$1,376
29 years$27,461$19,933$14,211$9,979$6,921$1,152
30 years$26,259$18,825$13,237$9,158$6,254$964
31 years$25,136$17,796$12,341$8,411$5,654$808
32 years$24,086$16,838$11,514$7,730$5,114$677
33 years$23,102$15,946$10,751$7,108$4,628$567
34 years$22,178$15,113$10,045$6,540$4,190$475
35 years$21,308$14,335$9,391$6,021$3,795$398
36 years$20,488$13,606$8,785$5,545$3,439$333
37 years$19,715$12,922$8,223$5,109$3,117$279
38 years$18,984$12,281$7,700$4,709$2,826$234
39 years$18,292$11,678$7,214$4,342$2,562$196
40 years$17,636$11,111$6,762$4,005$2,324$164
41 years$17,014$10,576$6,341$3,695$2,109$138
42 years$16,424$10,072$5,948$3,410$1,913$116
43 years$15,862$9,597$5,581$3,148$1,736$97
44 years$15,327$9,148$5,239$2,907$1,576$81
45 years$14,817$8,723$4,919$2,684$1,431$68
46 years$14,332$8,322$4,620$2,479$1,299$57
47 years$13,868$7,941$4,341$2,291$1,180$48
48 years$13,424$7,581$4,079$2,117$1,071$40
49 years$13,001$7,240$3,834$1,956$973$34
50 years$12,595$6,916$3,605$1,808$884$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,900,000, adding $4,535 every year, while hoping to spend $33,270 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: 54/32/14 Blend
56$12,900,000$12,900,000$12,900,000$12,900,000
57$14,220,478$13,536,778$13,336,828$14,935,700
58$15,635,568$14,164,681$13,748,213$16,051,113
59$17,193,881$14,822,236$14,172,264$17,260,603
60$18,909,993$15,510,862$14,609,370$18,576,316
61$20,799,962$16,232,043$15,059,933$20,008,366
62$22,881,483$16,987,339$15,524,367$21,567,867
63$25,174,058$17,778,381$16,003,096$23,267,032
64$27,699,172$18,606,883$16,496,561$25,119,287
65$30,480,506$19,474,638$17,005,213$27,139,389
66$33,544,150$20,383,528$17,529,521$29,343,565
67$36,918,857$21,335,524$18,069,963$31,749,656
68$40,636,309$22,332,694$18,627,036$34,377,282
69$44,731,422$23,377,205$19,201,250$37,248,020
70$49,242,667$24,471,328$19,793,133$40,385,605
71$54,212,442$25,617,446$20,403,225$43,816,144
72$59,687,464$26,818,055$21,032,087$47,568,357
73$65,719,218$28,075,772$21,680,294$51,673,842
74$72,364,435$29,393,341$22,348,441$56,167,368
75$79,685,633$30,773,640$23,037,139$61,087,191
76$87,751,704$32,219,685$23,747,019$66,475,411
77$96,638,565$33,734,637$24,478,732$72,378,362
78$106,429,876$35,321,811$25,232,946$78,847,037
79$117,217,827$36,984,684$26,010,354$85,937,564
80$129,104,010$38,726,898$26,811,666$93,711,724
81$142,200,378$40,552,275$27,637,616$102,237,526
82$156,630,300$42,464,820$28,488,959$111,589,840
83$172,529,727$44,468,733$29,366,476$121,851,089
84$190,048,474$46,568,416$30,270,968$133,112,020
85$209,351,636$48,768,485$31,203,262$145,472,547
86$230,621,144$51,073,782$32,164,213$159,042,683
87$254,057,485$53,489,382$33,154,698$173,943,563
88$279,881,592$56,020,605$34,175,624$190,308,577
89$308,336,930$58,673,030$35,227,923$208,284,616
90$339,691,796$61,452,508$36,312,557$228,033,441
91$374,241,850$64,365,171$37,430,519$249,733,195
92$412,312,906$67,417,453$38,582,829$273,580,071
93$454,264,010$70,616,095$39,770,541$299,790,146
94$500,490,825$73,968,169$40,994,740$328,601,401
95$551,429,369$77,481,090$42,256,544$360,275,954
96$607,560,131$81,162,630$43,557,105$395,102,511
97$669,412,608$85,020,943$44,897,612$433,399,073
98$737,570,300$89,064,575$46,279,288$475,515,915
99$812,676,221$93,302,489$47,703,394$521,838,875
100$895,438,970$97,744,085$49,171,231$572,792,967