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%17.1%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,029,914
2 years$543,714$533,587$523,774$514,258$505,029$474,396
3 years$358,875$348,705$338,916$329,490$320,411$290,752
4 years$266,474$256,335$246,644$237,379$228,520$200,062
5 years$211,048$200,970$191,406$182,330$173,717$146,539
6 years$174,109$164,107$154,685$145,811$137,456$111,582
7 years$147,735$137,817$128,544$119,879$111,789$87,218
8 years$127,963$118,135$109,015$100,564$92,740$69,459
9 years$112,593$102,857$93,895$85,658$78,100$56,086
10 years$100,304$90,664$81,860$73,838$66,545$45,767
11 years$90,256$80,713$72,068$64,261$57,231$37,655
12 years$81,889$72,443$63,958$56,366$49,595$31,183
13 years$74,814$65,468$57,143$49,762$43,248$25,958
14 years$68,756$59,508$51,343$44,173$37,911$21,700
15 years$63,510$54,362$46,356$39,395$33,380$18,204
16 years$58,924$49,876$42,028$35,274$29,501$15,314
17 years$54,882$45,934$38,244$31,693$26,158$12,914
18 years$51,293$42,445$34,912$28,562$23,258$10,911
19 years$48,086$39,338$31,960$25,808$20,731$9,234
20 years$45,202$36,554$29,331$23,374$18,517$7,826
21 years$42,597$34,049$26,979$21,214$16,571$6,640
22 years$40,232$31,783$24,866$19,288$14,853$5,639
23 years$38,076$29,726$22,959$17,566$13,333$4,793
24 years$36,102$27,852$21,233$16,021$11,984$4,077
25 years$34,289$26,137$19,666$14,632$10,784$3,470
26 years$32,619$24,565$18,239$13,378$9,714$2,955
27 years$31,074$23,119$16,937$12,246$8,758$2,517
28 years$29,643$21,784$15,745$11,220$7,902$2,145
29 years$28,312$20,551$14,652$10,289$7,136$1,829
30 years$27,073$19,408$13,648$9,442$6,447$1,559
31 years$25,916$18,347$12,723$8,672$5,829$1,330
32 years$24,833$17,360$11,871$7,970$5,273$1,134
33 years$23,818$16,441$11,084$7,329$4,772$968
34 years$22,865$15,582$10,356$6,743$4,320$826
35 years$21,968$14,779$9,683$6,208$3,913$705
36 years$21,123$14,028$9,058$5,717$3,546$601
37 years$20,326$13,323$8,478$5,267$3,213$513
38 years$19,572$12,662$7,939$4,855$2,913$438
39 years$18,859$12,040$7,438$4,477$2,642$374
40 years$18,183$11,455$6,972$4,129$2,396$319
41 years$17,542$10,904$6,537$3,810$2,174$273
42 years$16,933$10,385$6,132$3,516$1,973$233
43 years$16,354$9,895$5,754$3,245$1,790$199
44 years$15,802$9,432$5,401$2,997$1,625$170
45 years$15,277$8,994$5,072$2,768$1,475$145
46 years$14,776$8,580$4,764$2,556$1,339$124
47 years$14,298$8,188$4,475$2,362$1,216$106
48 years$13,841$7,816$4,205$2,182$1,105$90
49 years$13,404$7,464$3,953$2,017$1,003$77
50 years$12,985$7,130$3,716$1,864$911$66

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 $3,915 every year, while hoping to spend $53,859 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: 68/21/11 Blend
56$13,300,000$13,300,000$13,300,000$13,300,000
57$14,660,638$13,955,738$13,749,588$15,623,191
58$16,098,718$14,582,264$14,152,894$16,889,809
59$17,681,676$15,237,684$14,567,905$18,267,729
60$19,424,235$15,923,358$14,994,957$19,773,284
61$21,342,613$16,640,709$15,434,395$21,418,983
62$23,454,685$17,391,230$15,886,573$23,218,588
63$25,780,145$18,176,482$16,351,855$25,187,244
64$28,340,694$18,998,104$16,830,616$27,341,616
65$31,160,245$19,857,810$17,323,242$29,700,044
66$34,265,147$20,757,400$17,830,127$32,282,717
67$37,684,435$21,698,756$18,351,680$35,111,851
68$41,450,105$22,683,852$18,888,319$38,211,907
69$45,597,411$23,714,757$19,440,473$41,609,807
70$50,165,204$24,793,637$20,008,585$45,335,192
71$55,196,292$25,922,762$20,593,111$49,420,694
72$60,737,850$27,104,514$21,194,516$53,902,240
73$66,841,861$28,341,385$21,813,282$58,819,388
74$73,565,605$29,635,988$22,449,902$64,215,695
75$80,972,207$30,991,061$23,104,884$70,139,124
76$89,131,224$32,409,475$23,778,749$76,642,490
77$98,119,306$33,894,236$24,472,035$83,783,957
78$108,020,919$35,448,497$25,185,291$91,627,575
79$118,929,139$37,075,560$25,919,085$100,243,886
80$130,946,536$38,778,887$26,673,998$109,710,579
81$144,186,135$40,562,105$27,450,630$120,113,219
82$158,772,490$42,429,018$28,249,596$131,546,050
83$174,842,854$44,383,609$29,071,526$144,112,872
84$192,548,474$46,430,055$29,917,072$157,928,020
85$212,056,026$48,572,735$30,786,901$173,117,433
86$233,549,176$50,816,235$31,681,698$189,819,834
87$257,230,327$53,165,365$32,602,170$208,188,033
88$283,322,518$55,625,165$33,549,040$228,390,361
89$312,071,535$58,200,919$34,523,053$250,612,249
90$343,748,230$60,898,163$35,524,974$275,057,970
91$378,651,079$63,722,702$36,555,590$301,952,558
92$417,108,995$66,680,620$37,615,708$331,543,920
93$459,484,436$69,778,295$38,706,158$364,105,167
94$506,176,828$73,022,410$39,827,794$399,937,183
95$557,626,331$76,419,975$40,981,491$439,371,449
96$614,317,996$79,978,333$42,168,151$482,773,166
97$676,786,345$83,705,185$43,388,697$530,544,683
98$745,620,415$87,608,602$44,644,081$583,129,288
99$821,469,319$91,697,045$45,935,280$641,015,375
100$905,048,373$95,979,383$47,263,295$704,741,044