Can I retire at age 57 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,015,653
2 years$535,538$525,564$515,897$506,525$497,434$468,475
3 years$353,479$343,462$333,820$324,536$315,593$287,539
4 years$262,467$252,481$242,935$233,810$225,083$198,152
5 years$207,874$197,948$188,528$179,588$171,105$145,369
6 years$171,491$161,639$152,358$143,618$135,389$110,873
7 years$145,513$135,744$126,611$118,076$110,108$86,812
8 years$126,039$116,358$107,376$99,051$91,345$69,257
9 years$110,900$101,311$92,483$84,370$76,926$56,025
10 years$98,796$89,300$80,629$72,728$65,545$45,803
11 years$88,899$79,499$70,984$63,295$56,371$37,757
12 years$80,658$71,354$62,997$55,518$48,850$31,329
13 years$73,689$64,483$56,283$49,014$42,598$26,133
14 years$67,722$58,613$50,571$43,509$37,341$21,892
15 years$62,555$53,544$45,659$38,803$32,878$18,403
16 years$58,038$49,126$41,396$34,744$29,058$15,516
17 years$54,057$45,243$37,669$31,217$25,764$13,112
18 years$50,522$41,807$34,387$28,133$22,909$11,104
19 years$47,362$38,746$31,480$25,420$20,419$9,418
20 years$44,523$36,005$28,890$23,023$18,239$8,000
21 years$41,957$33,537$26,574$20,895$16,321$6,804
22 years$39,627$31,305$24,492$18,998$14,630$5,792
23 years$37,503$29,279$22,614$17,302$13,133$4,935
24 years$35,559$27,433$20,914$15,780$11,804$4,207
25 years$33,774$25,744$19,370$14,412$10,622$3,589
26 years$32,128$24,196$17,965$13,177$9,568$3,064
27 years$30,607$22,771$16,682$12,061$8,626$2,616
28 years$29,197$21,457$15,508$11,051$7,783$2,235
29 years$27,887$20,242$14,432$10,134$7,028$1,910
30 years$26,666$19,117$13,443$9,300$6,350$1,633
31 years$25,526$18,071$12,532$8,542$5,741$1,396
32 years$24,460$17,099$11,693$7,850$5,194$1,194
33 years$23,460$16,193$10,918$7,219$4,700$1,021
34 years$22,521$15,348$10,201$6,642$4,255$873
35 years$21,638$14,557$9,537$6,114$3,854$747
36 years$20,806$13,817$8,922$5,631$3,492$639
37 years$20,020$13,123$8,350$5,188$3,165$547
38 years$19,278$12,471$7,820$4,782$2,869$468
39 years$18,575$11,859$7,326$4,409$2,602$401
40 years$17,910$11,283$6,867$4,067$2,360$343
41 years$17,278$10,740$6,439$3,752$2,141$294
42 years$16,678$10,229$6,040$3,463$1,943$251
43 years$16,108$9,746$5,668$3,197$1,763$215
44 years$15,565$9,290$5,320$2,952$1,601$184
45 years$15,047$8,859$4,995$2,726$1,453$158
46 years$14,554$8,451$4,692$2,518$1,319$135
47 years$14,083$8,065$4,408$2,326$1,198$115
48 years$13,632$7,699$4,142$2,150$1,088$99
49 years$13,202$7,352$3,893$1,987$988$85
50 years$12,790$7,023$3,660$1,836$898$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $13,100,000, adding $4,224 every year, while hoping to spend $30,685 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: 72/19/9 Blend
56$13,100,000$13,100,000$13,100,000$13,100,000
57$14,440,557$13,746,257$13,543,207$15,456,830
58$15,880,845$14,387,175$13,964,256$16,769,691
59$17,467,014$15,058,470$14,398,381$18,202,485
60$19,213,912$15,761,597$14,845,989$19,770,409
61$21,137,899$16,498,083$15,307,498$21,486,788
62$23,257,004$17,269,528$15,783,338$23,366,284
63$25,591,093$18,077,610$16,273,955$25,425,037
64$28,162,059$18,924,087$16,779,806$27,680,810
65$30,994,024$19,810,802$17,301,365$30,153,155
66$34,113,572$20,739,689$17,839,118$32,863,594
67$37,549,995$21,712,773$18,393,568$35,835,821
68$41,335,575$22,732,179$18,965,233$39,095,918
69$45,505,881$23,800,133$19,554,645$42,672,605
70$50,100,112$24,918,970$20,162,357$46,597,497
71$55,161,462$26,091,139$20,788,934$50,905,408
72$60,737,530$27,319,204$21,434,963$55,634,672
73$66,880,771$28,605,857$22,101,047$60,827,500
74$73,648,984$29,953,919$22,787,806$66,530,372
75$81,105,865$31,366,346$23,495,883$72,794,478
76$89,321,606$32,846,239$24,225,938$79,676,188
77$98,373,555$34,396,851$24,978,652$87,237,587
78$108,346,949$36,021,588$25,754,728$95,547,049
79$119,335,717$37,724,025$26,554,891$104,679,881
80$131,443,367$39,507,909$27,379,887$114,719,027
81$144,783,963$41,377,168$28,230,485$125,755,844
82$159,483,200$43,335,923$29,107,479$137,890,960
83$175,679,595$45,388,491$30,011,688$151,235,215
84$193,525,789$47,539,402$30,943,955$165,910,704
85$213,189,991$49,793,405$31,905,149$182,051,917
86$234,857,566$52,155,478$32,896,167$199,807,005
87$258,732,783$54,630,841$33,917,934$219,339,172
88$285,040,743$57,224,969$34,971,402$240,828,201
89$314,029,508$59,943,602$36,057,553$264,472,149
90$345,972,438$62,792,758$37,177,400$290,489,206
91$381,170,771$65,778,748$38,331,988$319,119,741
92$419,956,473$68,908,189$39,522,393$350,628,568
93$462,695,364$72,188,022$40,749,724$385,307,431
94$509,790,577$75,625,520$42,015,125$423,477,747
95$561,686,361$79,228,316$43,319,777$465,493,632
96$618,872,274$83,004,408$44,664,894$511,745,230
97$681,887,809$86,962,187$46,051,731$562,662,384
98$751,327,481$91,110,450$47,481,580$618,718,681
99$827,846,444$95,458,422$48,955,772$680,435,908
100$912,166,673$100,015,776$50,475,682$748,388,966