Can I retire at age 57 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,016,956
2 years$531,449$521,552$511,959$502,659$493,637$473,884
3 years$350,780$340,840$331,272$322,058$313,184$293,976
4 years$260,463$250,553$241,081$232,025$223,365$204,851
5 years$206,287$196,437$187,089$178,217$169,799$152,030
6 years$170,182$160,405$151,195$142,522$134,356$117,353
7 years$144,402$134,708$125,644$117,175$109,267$93,034
8 years$125,077$115,470$106,556$98,295$90,648$75,180
9 years$110,053$100,537$91,777$83,726$76,339$61,627
10 years$98,042$88,619$80,013$72,172$65,044$51,075
11 years$88,220$78,892$70,442$62,812$55,940$42,697
12 years$80,042$70,809$62,516$55,094$48,477$35,940
13 years$73,127$63,991$55,854$48,640$42,273$30,423
14 years$67,205$58,166$50,185$43,177$37,056$25,872
15 years$62,077$53,136$45,310$38,506$32,627$22,086
16 years$57,595$48,751$41,080$34,478$28,836$18,914
17 years$53,644$44,898$37,381$30,978$25,568$16,240
18 years$50,136$41,488$34,124$27,918$22,734$13,977
19 years$47,001$38,450$31,239$25,226$20,263$12,051
20 years$44,183$35,730$28,670$22,847$18,099$10,408
21 years$41,637$33,281$26,371$20,735$16,197$9,002
22 years$39,325$31,067$24,305$18,853$14,518$7,795
23 years$37,217$29,056$22,441$17,170$13,032$6,757
24 years$35,288$27,224$20,754$15,660$11,714$5,862
25 years$33,516$25,548$19,223$14,302$10,541$5,090
26 years$31,883$24,011$17,828$13,077$9,495$4,422
27 years$30,373$22,597$16,555$11,969$8,560$3,844
28 years$28,974$21,293$15,390$10,966$7,724$3,343
29 years$27,674$20,088$14,322$10,056$6,975$2,909
30 years$26,462$18,971$13,340$9,229$6,302$2,532
31 years$25,331$17,934$12,436$8,476$5,698$2,205
32 years$24,273$16,969$11,603$7,790$5,154$1,920
33 years$23,281$16,070$10,834$7,164$4,664$1,673
34 years$22,349$15,230$10,123$6,591$4,223$1,458
35 years$21,473$14,446$9,464$6,067$3,825$1,270
36 years$20,647$13,711$8,853$5,588$3,466$1,107
37 years$19,868$13,022$8,287$5,149$3,141$965
38 years$19,131$12,376$7,760$4,746$2,848$842
39 years$18,434$11,768$7,270$4,376$2,582$734
40 years$17,773$11,197$6,815$4,036$2,342$640
41 years$17,146$10,658$6,390$3,724$2,125$558
42 years$16,551$10,150$5,994$3,436$1,928$487
43 years$15,985$9,671$5,624$3,172$1,750$425
44 years$15,446$9,219$5,280$2,929$1,588$370
45 years$14,932$8,791$4,957$2,705$1,442$323
46 years$14,443$8,386$4,656$2,499$1,309$282
47 years$13,975$8,003$4,374$2,309$1,189$246
48 years$13,528$7,640$4,111$2,133$1,080$214
49 years$13,101$7,296$3,864$1,971$981$187
50 years$12,693$6,969$3,632$1,822$891$163

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $13,000,000, adding $6,960 every year, while hoping to spend $29,372 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: 38/36/26 Blend
56$13,000,000$13,000,000$13,000,000$13,000,000
57$14,333,179$13,644,179$13,442,679$14,766,465
58$15,763,912$14,281,492$13,861,757$15,721,386
59$17,339,595$14,949,050$14,293,890$16,749,498
60$19,074,982$15,648,302$14,739,484$17,860,076
61$20,986,332$16,380,769$15,198,958$19,060,615
62$23,091,558$17,148,048$15,672,744$20,359,336
63$25,410,403$17,951,809$16,161,287$21,765,257
64$27,964,621$18,793,804$16,665,047$23,288,273
65$30,778,183$19,675,871$17,184,497$24,939,242
66$33,877,506$20,599,937$17,720,125$26,730,087
67$37,291,698$21,568,020$18,272,436$28,673,895
68$41,052,836$22,582,238$18,841,947$30,785,036
69$45,196,268$23,644,810$19,429,195$33,079,296
70$49,760,945$24,758,063$20,034,731$35,574,013
71$54,789,790$25,924,438$20,659,124$38,288,236
72$60,330,105$27,146,492$21,302,961$41,242,896
73$66,434,013$28,426,906$21,966,846$44,460,995
74$73,158,951$29,768,494$22,651,405$47,967,817
75$80,568,216$31,174,202$23,357,279$51,791,154
76$88,731,558$32,647,122$24,085,132$55,961,558
77$97,725,841$34,190,495$24,835,648$60,512,626
78$107,635,766$35,807,718$25,609,531$65,481,301
79$118,554,673$37,502,355$26,407,509$70,908,209
80$130,585,420$39,278,141$27,230,331$76,838,036
81$143,841,356$41,138,993$28,078,770$83,319,934
82$158,447,388$43,089,018$28,953,623$90,407,976
83$174,541,163$45,132,521$29,855,711$98,161,649
84$192,274,366$47,274,019$30,785,882$106,646,406
85$211,814,151$49,518,245$31,745,008$115,934,266
86$233,344,719$51,870,164$32,733,991$126,104,483
87$257,069,060$54,334,981$33,753,759$137,244,276
88$283,210,863$56,918,155$34,805,269$149,449,636
89$312,016,634$59,625,407$35,889,508$162,826,216
90$343,758,019$62,462,741$37,007,495$177,490,311
91$378,734,370$65,436,447$38,160,279$193,569,936
92$417,275,569$68,553,126$39,348,941$211,206,015
93$459,745,144$71,819,697$40,574,598$230,553,692
94$506,543,701$75,243,415$41,838,400$251,783,774
95$558,112,705$78,831,888$43,141,532$275,084,322
96$614,938,645$82,593,095$44,485,218$300,662,399
97$677,557,633$86,535,402$45,870,718$328,746,005
98$746,560,457$90,667,583$47,299,333$359,586,202
99$822,598,166$94,998,837$48,772,403$393,459,458
100$906,388,210$99,538,811$50,291,310$430,670,227