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%12.4%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,018,345
2 years$527,361$517,540$508,021$498,792$489,840$479,447
3 years$348,082$338,218$328,723$319,581$310,775$300,630
4 years$258,460$248,626$239,226$230,240$221,647$211,828
5 years$204,701$194,926$185,649$176,846$168,493$159,029
6 years$168,873$159,172$150,032$141,425$133,322$124,225
7 years$143,292$133,672$124,678$116,274$108,427$99,700
8 years$124,114$114,582$105,736$97,539$89,951$81,594
9 years$109,207$99,764$91,071$83,082$75,751$67,762
10 years$97,287$87,937$79,398$71,617$64,544$56,917
11 years$87,542$78,285$69,900$62,328$55,510$48,239
12 years$79,426$70,265$62,035$54,670$48,104$41,182
13 years$72,564$63,499$55,424$48,266$41,947$35,366
14 years$66,688$57,718$49,799$42,845$36,771$30,522
15 years$61,600$52,727$44,962$38,210$32,376$26,449
16 years$57,152$48,376$40,764$34,213$28,614$23,000
17 years$53,231$44,552$37,094$30,740$25,371$20,059
18 years$49,750$41,168$33,862$27,703$22,559$17,539
19 years$46,639$38,154$30,999$25,032$20,107$15,369
20 years$43,843$35,455$28,449$22,671$17,960$13,492
21 years$41,316$33,025$26,168$20,576$16,072$11,864
22 years$39,022$30,828$24,118$18,708$14,407$10,447
23 years$36,931$28,832$22,268$17,038$12,932$9,210
24 years$35,017$27,014$20,595$15,539$11,624$8,129
25 years$33,258$25,351$19,075$14,192$10,460$7,181
26 years$31,638$23,826$17,691$12,976$9,422$6,349
27 years$30,140$22,423$16,427$11,877$8,494$5,617
28 years$28,751$21,129$15,271$10,882$7,665$4,973
29 years$27,461$19,933$14,211$9,979$6,921$4,405
30 years$26,259$18,825$13,237$9,158$6,254$3,904
31 years$25,136$17,796$12,341$8,411$5,654$3,462
32 years$24,086$16,838$11,514$7,730$5,114$3,071
33 years$23,102$15,946$10,751$7,108$4,628$2,725
34 years$22,178$15,113$10,045$6,540$4,190$2,418
35 years$21,308$14,335$9,391$6,021$3,795$2,147
36 years$20,488$13,606$8,785$5,545$3,439$1,907
37 years$19,715$12,922$8,223$5,109$3,117$1,693
38 years$18,984$12,281$7,700$4,709$2,826$1,504
39 years$18,292$11,678$7,214$4,342$2,562$1,337
40 years$17,636$11,111$6,762$4,005$2,324$1,188
41 years$17,014$10,576$6,341$3,695$2,109$1,056
42 years$16,424$10,072$5,948$3,410$1,913$938
43 years$15,862$9,597$5,581$3,148$1,736$834
44 years$15,327$9,148$5,239$2,907$1,576$742
45 years$14,817$8,723$4,919$2,684$1,431$659
46 years$14,332$8,322$4,620$2,479$1,299$586
47 years$13,868$7,941$4,341$2,291$1,180$521
48 years$13,424$7,581$4,079$2,117$1,071$464
49 years$13,001$7,240$3,834$1,956$973$412
50 years$12,595$6,916$3,605$1,808$884$367

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 $4,676 every year, while hoping to spend $39,421 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: 51/33/16 Blend
56$12,900,000$12,900,000$12,900,000$12,900,000
57$14,220,623$13,536,923$13,336,973$14,883,399
58$15,629,183$14,158,289$13,741,818$15,960,520
59$17,180,095$14,808,780$14,158,904$17,126,411
60$18,887,837$15,489,783$14,588,600$18,393,094
61$20,768,363$16,202,749$15,031,285$19,770,100
62$22,839,252$16,949,200$15,487,349$21,267,902
63$25,119,877$17,730,731$15,957,196$22,898,005
64$27,631,582$18,549,015$16,441,240$24,673,054
65$30,397,890$19,405,803$16,939,908$26,606,945
66$33,444,720$20,302,932$17,453,640$28,714,955
67$36,800,633$21,242,328$17,982,888$31,013,877
68$40,497,102$22,226,007$18,528,120$33,522,175
69$44,568,810$23,256,084$19,089,815$36,260,152
70$49,053,973$24,334,777$19,668,469$39,250,138
71$53,994,707$25,464,409$20,264,591$42,516,689
72$59,437,418$26,647,416$20,878,705$46,086,818
73$65,433,245$27,886,351$21,511,353$49,990,240
74$72,038,543$29,183,889$22,163,090$54,259,645
75$79,315,412$30,542,837$22,834,491$58,931,000
76$87,332,282$31,966,134$23,526,145$64,043,881
77$96,164,565$33,456,864$24,238,660$69,641,837
78$105,895,358$35,018,259$24,972,663$75,772,796
79$116,616,236$36,653,704$25,728,799$82,489,501
80$128,428,109$38,366,753$26,507,730$89,850,006
81$141,442,179$40,161,127$27,310,142$97,918,212
82$155,780,988$42,040,729$28,136,739$106,764,455
83$171,579,575$44,009,650$28,988,245$116,466,168
84$188,986,748$46,072,179$29,865,408$127,108,592
85$208,166,493$48,232,814$30,768,997$138,785,574
86$229,299,521$50,496,266$31,699,803$151,600,440
87$252,584,968$52,867,480$32,658,643$165,666,956
88$278,242,284$55,351,635$33,646,356$181,110,387
89$306,513,295$57,954,164$34,663,807$198,068,671
90$337,664,494$60,680,761$35,711,888$216,693,698
91$371,989,551$63,537,396$36,791,515$237,152,738
92$409,812,087$66,530,331$37,903,632$259,629,994
93$451,488,729$69,666,126$39,049,213$284,328,331
94$497,412,477$72,951,664$40,229,259$311,471,170
95$548,016,412$76,394,157$41,444,801$341,304,580
96$603,777,785$80,001,170$42,696,902$374,099,581
97$665,222,526$83,780,634$43,986,654$410,154,680
98$732,930,201$87,740,863$45,315,184$449,798,671
99$807,539,490$91,890,574$46,683,652$493,393,716
100$889,754,216$96,238,909$48,093,252$541,338,737