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%19.7%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$988,631
2 years$527,361$517,540$508,021$498,792$489,840$449,992
3 years$348,082$338,218$328,723$319,581$310,775$272,365
4 years$258,460$248,626$239,226$230,240$221,647$184,968
5 years$204,701$194,926$185,649$176,846$168,493$133,638
6 years$168,873$159,172$150,032$141,425$133,322$100,316
7 years$143,292$133,672$124,678$116,274$108,427$77,257
8 years$124,114$114,582$105,736$97,539$89,951$60,587
9 years$109,207$99,764$91,071$83,082$75,751$48,150
10 years$97,287$87,937$79,398$71,617$64,544$38,653
11 years$87,542$78,285$69,900$62,328$55,510$31,270
12 years$79,426$70,265$62,035$54,670$48,104$25,451
13 years$72,564$63,499$55,424$48,266$41,947$20,815
14 years$66,688$57,718$49,799$42,845$36,771$17,089
15 years$61,600$52,727$44,962$38,210$32,376$14,073
16 years$57,152$48,376$40,764$34,213$28,614$11,619
17 years$53,231$44,552$37,094$30,740$25,371$9,612
18 years$49,750$41,168$33,862$27,703$22,559$7,966
19 years$46,639$38,154$30,999$25,032$20,107$6,610
20 years$43,843$35,455$28,449$22,671$17,960$5,492
21 years$41,316$33,025$26,168$20,576$16,072$4,567
22 years$39,022$30,828$24,118$18,708$14,407$3,800
23 years$36,931$28,832$22,268$17,038$12,932$3,165
24 years$35,017$27,014$20,595$15,539$11,624$2,637
25 years$33,258$25,351$19,075$14,192$10,460$2,198
26 years$31,638$23,826$17,691$12,976$9,422$1,833
27 years$30,140$22,423$16,427$11,877$8,494$1,529
28 years$28,751$21,129$15,271$10,882$7,665$1,276
29 years$27,461$19,933$14,211$9,979$6,921$1,064
30 years$26,259$18,825$13,237$9,158$6,254$888
31 years$25,136$17,796$12,341$8,411$5,654$742
32 years$24,086$16,838$11,514$7,730$5,114$619
33 years$23,102$15,946$10,751$7,108$4,628$517
34 years$22,178$15,113$10,045$6,540$4,190$432
35 years$21,308$14,335$9,391$6,021$3,795$361
36 years$20,488$13,606$8,785$5,545$3,439$301
37 years$19,715$12,922$8,223$5,109$3,117$252
38 years$18,984$12,281$7,700$4,709$2,826$210
39 years$18,292$11,678$7,214$4,342$2,562$175
40 years$17,636$11,111$6,762$4,005$2,324$147
41 years$17,014$10,576$6,341$3,695$2,109$122
42 years$16,424$10,072$5,948$3,410$1,913$102
43 years$15,862$9,597$5,581$3,148$1,736$85
44 years$15,327$9,148$5,239$2,907$1,576$71
45 years$14,817$8,723$4,919$2,684$1,431$60
46 years$14,332$8,322$4,620$2,479$1,299$50
47 years$13,868$7,941$4,341$2,291$1,180$42
48 years$13,424$7,581$4,079$2,117$1,071$35
49 years$13,001$7,240$3,834$1,956$973$29
50 years$12,595$6,916$3,605$1,808$884$24

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 $3,934 every year, while hoping to spend $29,751 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: 32/40/28 Blend
56$12,900,000$12,900,000$12,900,000$12,900,000
57$14,219,858$13,536,158$13,336,208$14,553,244
58$15,638,629$14,167,775$13,751,316$15,440,911
59$17,201,117$14,829,344$14,179,333$16,393,422
60$18,921,950$15,522,301$14,620,660$17,418,796
61$20,817,248$16,248,153$15,075,711$18,523,469
62$22,904,771$17,008,476$15,544,912$19,714,490
63$25,204,093$17,804,927$16,028,701$20,999,582
64$27,736,782$18,639,239$16,527,534$22,387,211
65$30,526,603$19,513,232$17,041,876$23,886,655
66$33,599,748$20,428,811$17,572,210$25,508,090
67$36,985,075$21,387,976$18,119,032$27,262,676
68$40,714,388$22,392,822$18,682,855$29,162,654
69$44,822,731$23,445,546$19,264,206$31,221,458
70$49,348,722$24,548,450$19,863,629$33,453,830
71$54,334,918$25,703,950$20,481,687$35,875,953
72$59,828,213$26,914,577$21,118,957$38,505,593
73$65,880,285$28,182,986$21,776,037$41,362,260
74$72,548,081$29,511,959$22,453,541$44,467,383
75$79,894,354$30,904,414$23,152,103$47,844,497
76$87,988,258$32,363,410$23,872,378$51,519,463
77$96,905,997$33,892,154$24,615,040$55,520,695
78$106,731,548$35,494,009$25,380,783$59,879,417
79$117,557,451$37,172,500$26,170,324$64,629,950
80$129,485,684$38,931,326$26,984,403$69,810,021
81$142,628,623$40,774,361$27,823,780$75,461,106
82$157,110,108$42,705,669$28,689,242$81,628,806
83$173,066,605$44,729,513$29,581,598$88,363,270
84$190,648,500$46,850,360$30,501,682$95,719,644
85$210,021,515$49,072,896$31,450,357$103,758,585
86$231,368,273$51,402,032$32,428,507$112,546,810
87$254,890,025$53,842,919$33,437,050$122,157,716
88$280,808,544$56,400,959$34,476,928$132,672,047
89$309,368,224$59,081,814$35,549,114$144,178,644
90$340,838,383$61,891,423$36,654,609$156,775,262
91$375,515,809$64,836,014$37,794,449$170,569,472
92$413,727,557$67,922,114$38,969,699$185,679,655
93$455,834,041$71,156,571$40,181,457$202,236,099
94$502,232,434$74,546,564$41,430,857$220,382,202
95$553,360,418$78,099,621$42,719,066$240,275,807
96$609,700,315$81,823,636$44,047,289$262,090,660
97$671,783,641$85,726,889$45,416,767$286,018,028
98$740,196,124$89,818,058$46,828,781$312,268,475
99$815,583,233$94,106,247$48,284,649$341,073,821
100$898,656,270$98,601,000$49,785,732$372,689,298