Can I retire at age 57 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,030,071
2 years$539,626$529,576$519,835$510,392$501,232$478,658
3 years$356,177$346,083$336,368$327,013$318,002$296,074
4 years$264,470$254,408$244,790$235,594$226,802$205,688
5 years$209,461$199,459$189,967$180,959$172,411$152,172
6 years$172,800$162,873$153,521$144,714$136,423$117,080
7 years$146,624$136,781$127,577$118,978$110,948$92,505
8 years$127,001$117,246$108,195$99,807$92,042$74,492
9 years$111,746$102,084$93,189$85,014$77,513$60,844
10 years$99,550$89,982$81,244$73,283$66,045$50,240
11 years$89,578$80,106$71,526$63,778$56,801$41,840
12 years$81,273$71,899$63,477$55,942$49,222$35,082
13 years$74,252$64,975$56,713$49,388$42,923$29,579
14 years$68,239$59,061$50,957$43,841$37,626$25,052
15 years$63,032$53,953$46,007$39,099$33,129$21,297
16 years$58,481$49,501$41,712$35,009$29,279$18,161
17 years$54,469$45,589$37,956$31,455$25,961$15,527
18 years$50,907$42,126$34,649$28,347$23,083$13,304
19 years$47,724$39,042$31,720$25,614$20,575$11,421
20 years$44,863$36,280$29,111$23,199$18,378$9,819
21 years$42,277$33,793$26,776$21,054$16,446$8,454
22 years$39,930$31,544$24,679$19,143$14,742$7,286
23 years$37,790$29,503$22,786$17,434$13,233$6,286
24 years$35,831$27,642$21,073$15,901$11,894$5,428
25 years$34,032$25,941$19,518$14,522$10,703$4,690
26 years$32,373$24,380$18,102$13,278$9,641$4,056
27 years$30,841$22,945$16,809$12,153$8,692$3,508
28 years$29,420$21,621$15,627$11,135$7,843$3,037
29 years$28,100$20,397$14,542$10,211$7,082$2,629
30 years$26,869$19,262$13,545$9,371$6,399$2,277
31 years$25,721$18,209$12,628$8,607$5,785$1,973
32 years$24,647$17,230$11,782$7,910$5,233$1,710
33 years$23,639$16,317$11,001$7,274$4,736$1,482
34 years$22,693$15,465$10,279$6,693$4,288$1,285
35 years$21,803$14,668$9,610$6,161$3,884$1,114
36 years$20,965$13,922$8,990$5,674$3,519$966
37 years$20,173$13,223$8,414$5,228$3,189$838
38 years$19,425$12,566$7,880$4,819$2,891$727
39 years$18,717$11,949$7,382$4,443$2,622$631
40 years$18,046$11,369$6,919$4,098$2,378$547
41 years$17,410$10,822$6,488$3,781$2,158$475
42 years$16,806$10,307$6,086$3,489$1,958$412
43 years$16,231$9,820$5,711$3,221$1,777$357
44 years$15,683$9,361$5,361$2,974$1,613$310
45 years$15,162$8,926$5,034$2,747$1,464$269
46 years$14,665$8,515$4,728$2,537$1,329$234
47 years$14,190$8,126$4,442$2,344$1,207$203
48 years$13,737$7,757$4,174$2,166$1,096$176
49 years$13,303$7,408$3,923$2,002$996$153
50 years$12,888$7,076$3,688$1,850$904$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $13,200,000, adding $6,637 every year, while hoping to spend $59,935 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: 42/43/15 Blend
56$13,200,000$13,200,000$13,200,000$13,200,000
57$14,553,246$13,853,646$13,649,046$15,100,260
58$15,973,907$14,468,704$14,042,519$16,101,099
59$17,537,466$15,111,892$14,447,164$17,177,768
60$19,258,436$15,784,523$14,863,293$18,342,359
61$21,152,809$16,487,976$15,291,225$19,602,944
62$23,238,202$17,223,694$15,731,287$20,968,381
63$25,534,031$17,993,188$16,183,818$22,448,388
64$28,061,689$18,798,041$16,649,163$24,053,636
65$30,844,749$19,639,913$17,127,678$25,795,839
66$33,909,185$20,520,540$17,619,727$27,687,859
67$37,283,619$21,441,744$18,125,685$29,743,823
68$40,999,590$22,405,431$18,645,937$31,979,249
69$45,091,851$23,413,599$19,180,878$34,411,183
70$49,598,697$24,468,343$19,730,914$37,058,359
71$54,562,326$25,571,854$20,296,463$39,941,361
72$60,029,240$26,726,431$20,877,950$43,082,815
73$66,050,677$27,934,481$21,475,817$46,507,591
74$72,683,103$29,198,528$22,090,513$50,243,030
75$79,988,737$30,521,213$22,722,503$54,319,194
76$88,036,142$31,905,306$23,372,260$58,769,141
77$96,900,872$33,353,709$24,040,274$63,629,225
78$106,666,183$34,869,463$24,727,046$68,939,429
79$117,423,820$36,455,754$25,433,089$74,743,734
80$129,274,884$38,115,920$26,158,931$81,090,521
81$142,330,782$39,853,459$26,905,115$88,033,016
82$156,714,282$41,672,039$27,672,197$95,629,781
83$172,560,671$43,575,501$28,460,748$103,945,255
84$190,019,029$45,567,871$29,271,353$113,050,345
85$209,253,641$47,653,368$30,104,614$123,023,084
86$230,445,543$49,836,413$30,961,149$133,949,354
87$253,794,231$52,121,640$31,841,590$145,923,679
88$279,519,548$54,513,906$32,746,589$159,050,101
89$307,863,754$57,018,299$33,676,812$173,443,149
90$339,093,815$59,640,154$34,632,943$189,228,897
91$373,503,923$62,385,060$35,615,685$206,546,139
92$411,418,272$65,258,876$36,625,759$225,547,681
93$453,194,118$68,267,744$37,663,905$246,401,760
94$499,225,153$71,418,098$38,730,880$269,293,612
95$549,945,218$74,716,685$39,827,464$294,427,201
96$605,832,401$78,170,574$40,954,456$322,027,119
97$667,413,550$81,787,175$42,112,674$352,340,681
98$735,269,242$85,574,257$43,302,959$385,640,237
99$810,039,270$89,539,961$44,526,173$422,225,714
100$892,428,676$93,692,819$45,783,200$462,427,421