Can I retire at age 57 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,020,902
2 years$543,714$533,587$523,774$514,258$505,029$465,528
3 years$358,875$348,705$338,916$329,490$320,411$282,310
4 years$266,474$256,335$246,644$237,379$228,520$192,109
5 years$211,048$200,970$191,406$182,330$173,717$139,091
6 years$174,109$164,107$154,685$145,811$137,456$104,639
7 years$147,735$137,817$128,544$119,879$111,789$80,771
8 years$127,963$118,135$109,015$100,564$92,740$63,494
9 years$112,593$102,857$93,895$85,658$78,100$50,585
10 years$100,304$90,664$81,860$73,838$66,545$40,710
11 years$90,256$80,713$72,068$64,261$57,231$33,021
12 years$81,889$72,443$63,958$56,366$49,595$26,948
13 years$74,814$65,468$57,143$49,762$43,248$22,100
14 years$68,756$59,508$51,343$44,173$37,911$18,194
15 years$63,510$54,362$46,356$39,395$33,380$15,026
16 years$58,924$49,876$42,028$35,274$29,501$12,442
17 years$54,882$45,934$38,244$31,693$26,158$10,324
18 years$51,293$42,445$34,912$28,562$23,258$8,581
19 years$48,086$39,338$31,960$25,808$20,731$7,142
20 years$45,202$36,554$29,331$23,374$18,517$5,952
21 years$42,597$34,049$26,979$21,214$16,571$4,965
22 years$40,232$31,783$24,866$19,288$14,853$4,145
23 years$38,076$29,726$22,959$17,566$13,333$3,462
24 years$36,102$27,852$21,233$16,021$11,984$2,894
25 years$34,289$26,137$19,666$14,632$10,784$2,420
26 years$32,619$24,565$18,239$13,378$9,714$2,025
27 years$31,074$23,119$16,937$12,246$8,758$1,694
28 years$29,643$21,784$15,745$11,220$7,902$1,418
29 years$28,312$20,551$14,652$10,289$7,136$1,187
30 years$27,073$19,408$13,648$9,442$6,447$994
31 years$25,916$18,347$12,723$8,672$5,829$833
32 years$24,833$17,360$11,871$7,970$5,273$698
33 years$23,818$16,441$11,084$7,329$4,772$584
34 years$22,865$15,582$10,356$6,743$4,320$490
35 years$21,968$14,779$9,683$6,208$3,913$410
36 years$21,123$14,028$9,058$5,717$3,546$344
37 years$20,326$13,323$8,478$5,267$3,213$288
38 years$19,572$12,662$7,939$4,855$2,913$241
39 years$18,859$12,040$7,438$4,477$2,642$202
40 years$18,183$11,455$6,972$4,129$2,396$170
41 years$17,542$10,904$6,537$3,810$2,174$142
42 years$16,933$10,385$6,132$3,516$1,973$119
43 years$16,354$9,895$5,754$3,245$1,790$100
44 years$15,802$9,432$5,401$2,997$1,625$84
45 years$15,277$8,994$5,072$2,768$1,475$70
46 years$14,776$8,580$4,764$2,556$1,339$59
47 years$14,298$8,188$4,475$2,362$1,216$49
48 years$13,841$7,816$4,205$2,182$1,105$41
49 years$13,404$7,464$3,953$2,017$1,003$35
50 years$12,985$7,130$3,716$1,864$911$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $13,300,000, adding $5,840 every year, while hoping to spend $32,370 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: 36/37/27 Blend
56$13,300,000$13,300,000$13,300,000$13,300,000
57$14,662,624$13,957,724$13,751,574$15,071,291
58$16,123,770$14,607,211$14,177,810$16,024,567
59$17,732,868$15,287,438$14,617,241$17,049,635
60$19,504,976$15,999,877$15,070,273$18,155,672
61$21,456,683$16,746,071$15,537,327$19,349,977
62$23,606,275$17,527,638$16,018,837$20,640,551
63$25,973,896$18,346,274$16,515,250$22,036,171
64$28,581,748$19,203,756$17,027,025$23,546,462
65$31,454,294$20,101,948$17,554,638$25,181,985
66$34,618,491$21,042,803$18,098,578$26,954,329
67$38,104,047$22,028,369$18,659,350$28,876,216
68$41,943,695$23,060,795$19,237,473$30,961,610
69$46,173,507$24,142,329$19,833,484$33,225,846
70$50,833,235$25,275,333$20,447,935$35,685,763
71$55,966,680$26,462,280$21,081,397$38,359,858
72$61,622,114$27,705,764$21,734,456$41,268,451
73$67,852,727$29,008,503$22,407,717$44,433,870
74$74,717,134$30,373,350$23,101,805$47,880,648
75$82,279,930$31,803,291$23,817,363$51,635,750
76$90,612,292$33,301,462$24,555,055$55,728,816
77$99,792,660$34,871,148$25,315,563$60,192,431
78$109,907,469$36,515,792$26,099,592$65,062,418
79$121,051,971$38,239,006$26,907,869$70,378,170
80$133,331,132$40,044,577$27,741,142$76,183,009
81$146,860,620$41,936,475$28,600,183$82,524,578
82$161,767,903$43,918,861$29,485,789$89,455,284
83$178,193,444$45,996,101$30,398,778$97,032,775
84$196,292,035$48,172,769$31,339,997$105,320,472
85$216,234,253$50,453,665$32,310,317$114,388,150
86$238,208,070$52,843,818$33,310,636$124,312,587
87$262,420,631$55,348,503$34,341,880$135,178,266
88$289,100,207$57,973,250$35,405,004$147,078,161
89$318,498,348$60,723,860$36,500,992$160,114,591
90$350,892,262$63,606,412$37,630,858$174,400,174
91$386,587,429$66,627,282$38,795,647$190,058,867
92$425,920,483$69,793,155$39,996,438$207,227,114
93$469,262,395$73,111,042$41,234,341$226,055,119
94$517,021,969$76,588,294$42,510,502$246,708,234
95$569,649,707$80,232,617$43,826,101$269,368,504
96$627,642,056$84,052,094$45,182,354$294,236,357
97$691,546,099$88,055,200$46,580,516$321,532,470
98$761,964,718$92,250,821$48,021,880$351,499,828
99$839,562,285$96,648,277$49,507,779$384,405,992
100$925,070,934$101,257,339$51,039,586$420,545,589