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%13.3%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,030,278
2 years$535,538$525,564$515,897$506,525$497,434$483,018
3 years$353,479$343,462$333,820$324,536$315,593$301,543
4 years$262,467$252,481$242,935$233,810$225,083$211,508
5 years$207,874$197,948$188,528$179,588$171,105$158,043
6 years$171,491$161,639$152,358$143,618$135,389$122,857
7 years$145,513$135,744$126,611$118,076$110,108$98,109
8 years$126,039$116,358$107,376$99,051$91,345$79,879
9 years$110,900$101,311$92,483$84,370$76,926$65,987
10 years$98,796$89,300$80,629$72,728$65,545$55,125
11 years$88,899$79,499$70,984$63,295$56,371$46,460
12 years$80,658$71,354$62,997$55,518$48,850$39,436
13 years$73,689$64,483$56,283$49,014$42,598$33,669
14 years$67,722$58,613$50,571$43,509$37,341$28,884
15 years$62,555$53,544$45,659$38,803$32,878$24,878
16 years$58,038$49,126$41,396$34,744$29,058$21,499
17 years$54,057$45,243$37,669$31,217$25,764$18,632
18 years$50,522$41,807$34,387$28,133$22,909$16,187
19 years$47,362$38,746$31,480$25,420$20,419$14,091
20 years$44,523$36,005$28,890$23,023$18,239$12,289
21 years$41,957$33,537$26,574$20,895$16,321$10,733
22 years$39,627$31,305$24,492$18,998$14,630$9,387
23 years$37,503$29,279$22,614$17,302$13,133$8,219
24 years$35,559$27,433$20,914$15,780$11,804$7,203
25 years$33,774$25,744$19,370$14,412$10,622$6,319
26 years$32,128$24,196$17,965$13,177$9,568$5,547
27 years$30,607$22,771$16,682$12,061$8,626$4,873
28 years$29,197$21,457$15,508$11,051$7,783$4,283
29 years$27,887$20,242$14,432$10,134$7,028$3,766
30 years$26,666$19,117$13,443$9,300$6,350$3,313
31 years$25,526$18,071$12,532$8,542$5,741$2,916
32 years$24,460$17,099$11,693$7,850$5,194$2,568
33 years$23,460$16,193$10,918$7,219$4,700$2,261
34 years$22,521$15,348$10,201$6,642$4,255$1,992
35 years$21,638$14,557$9,537$6,114$3,854$1,755
36 years$20,806$13,817$8,922$5,631$3,492$1,547
37 years$20,020$13,123$8,350$5,188$3,165$1,363
38 years$19,278$12,471$7,820$4,782$2,869$1,202
39 years$18,575$11,859$7,326$4,409$2,602$1,060
40 years$17,910$11,283$6,867$4,067$2,360$934
41 years$17,278$10,740$6,439$3,752$2,141$824
42 years$16,678$10,229$6,040$3,463$1,943$727
43 years$16,108$9,746$5,668$3,197$1,763$641
44 years$15,565$9,290$5,320$2,952$1,601$566
45 years$15,047$8,859$4,995$2,726$1,453$499
46 years$14,554$8,451$4,692$2,518$1,319$440
47 years$14,083$8,065$4,408$2,326$1,198$388
48 years$13,632$7,699$4,142$2,150$1,088$343
49 years$13,202$7,352$3,893$1,987$988$302
50 years$12,790$7,023$3,660$1,836$898$267

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 $2,591 every year, while hoping to spend $31,986 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: 56/14/30 Blend
56$13,100,000$13,100,000$13,100,000$13,100,000
57$14,438,873$13,744,573$13,541,523$15,127,396
58$15,877,605$14,384,024$13,961,131$16,241,993
59$17,462,016$15,053,736$14,393,724$17,452,324
60$19,206,930$15,755,158$14,839,703$18,770,514
61$21,128,686$16,489,810$15,299,482$20,206,998
62$23,245,284$17,259,283$15,773,486$21,773,250
63$25,576,562$18,065,246$16,262,157$23,481,893
64$28,144,377$18,909,450$16,765,945$25,346,816
65$30,972,819$19,793,728$17,285,320$27,383,297
66$34,088,430$20,720,004$17,820,761$29,608,148
67$37,520,460$21,690,294$18,372,766$32,039,869
68$41,301,139$22,706,710$18,941,846$34,698,821
69$45,465,985$23,771,470$19,528,529$37,607,411
70$50,054,138$24,886,894$20,133,357$40,790,302
71$55,108,727$26,055,419$20,756,891$44,274,641
72$60,677,280$27,279,597$21,399,710$48,090,314
73$66,812,171$28,562,105$22,062,408$52,270,219
74$73,571,113$29,905,749$22,745,599$56,850,575
75$81,017,706$31,313,471$23,449,917$61,871,258
76$89,222,036$32,788,354$24,176,013$67,376,176
77$98,261,333$34,333,634$24,924,559$73,413,673
78$108,220,707$35,952,699$25,696,249$80,036,983
79$119,193,943$37,649,106$26,491,798$87,304,728
80$131,284,394$39,426,580$27,311,941$95,281,464
81$144,605,949$41,289,030$28,157,438$104,038,285
82$159,284,115$43,240,551$29,029,072$113,653,488
83$175,457,197$45,285,441$29,927,648$124,213,303
84$193,277,606$47,428,202$30,853,999$135,812,707
85$212,913,296$49,673,558$31,808,982$148,556,307
86$234,549,349$52,026,459$32,793,480$162,559,322
87$258,389,725$54,492,098$33,808,404$177,948,665
88$284,659,183$57,075,918$34,854,692$194,864,130
89$313,605,409$59,783,627$35,933,313$213,459,707
90$345,501,346$62,621,209$37,045,264$233,905,023
91$380,647,776$65,594,941$38,191,573$256,386,937
92$419,376,158$68,711,403$39,373,301$281,111,295
93$462,051,759$71,977,494$40,591,538$308,304,862
94$509,077,096$75,400,449$41,847,413$338,217,453
95$560,895,744$78,987,855$43,142,085$371,124,279
96$617,996,516$82,747,667$44,476,752$407,328,537
97$680,918,084$86,688,225$45,852,646$447,164,259
98$750,254,058$90,818,278$47,271,039$490,999,453
99$826,658,595$95,146,996$48,733,242$539,239,567
100$910,852,571$99,683,999$50,240,605$592,331,299