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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,037,451
2 years$543,714$533,587$523,774$514,258$505,029$481,863
3 years$358,875$348,705$338,916$329,490$320,411$297,912
4 years$266,474$256,335$246,644$237,379$228,520$206,861
5 years$211,048$200,970$191,406$182,330$173,717$152,959
6 years$174,109$164,107$154,685$145,811$137,456$117,621
7 years$147,735$137,817$128,544$119,879$111,789$92,880
8 years$127,963$118,135$109,015$100,564$92,740$74,751
9 years$112,593$102,857$93,895$85,658$78,100$61,019
10 years$100,304$90,664$81,860$73,838$66,545$50,353
11 years$90,256$80,713$72,068$64,261$57,231$41,907
12 years$81,889$72,443$63,958$56,366$49,595$35,116
13 years$74,814$65,468$57,143$49,762$43,248$29,588
14 years$68,756$59,508$51,343$44,173$37,911$25,042
15 years$63,510$54,362$46,356$39,395$33,380$21,274
16 years$58,924$49,876$42,028$35,274$29,501$18,128
17 years$54,882$45,934$38,244$31,693$26,158$15,488
18 years$51,293$42,445$34,912$28,562$23,258$13,261
19 years$48,086$39,338$31,960$25,808$20,731$11,375
20 years$45,202$36,554$29,331$23,374$18,517$9,773
21 years$42,597$34,049$26,979$21,214$16,571$8,407
22 years$40,232$31,783$24,866$19,288$14,853$7,241
23 years$38,076$29,726$22,959$17,566$13,333$6,242
24 years$36,102$27,852$21,233$16,021$11,984$5,386
25 years$34,289$26,137$19,666$14,632$10,784$4,650
26 years$32,619$24,565$18,239$13,378$9,714$4,017
27 years$31,074$23,119$16,937$12,246$8,758$3,473
28 years$29,643$21,784$15,745$11,220$7,902$3,003
29 years$28,312$20,551$14,652$10,289$7,136$2,598
30 years$27,073$19,408$13,648$9,442$6,447$2,248
31 years$25,916$18,347$12,723$8,672$5,829$1,946
32 years$24,833$17,360$11,871$7,970$5,273$1,685
33 years$23,818$16,441$11,084$7,329$4,772$1,460
34 years$22,865$15,582$10,356$6,743$4,320$1,264
35 years$21,968$14,779$9,683$6,208$3,913$1,096
36 years$21,123$14,028$9,058$5,717$3,546$949
37 years$20,326$13,323$8,478$5,267$3,213$823
38 years$19,572$12,662$7,939$4,855$2,913$713
39 years$18,859$12,040$7,438$4,477$2,642$618
40 years$18,183$11,455$6,972$4,129$2,396$536
41 years$17,542$10,904$6,537$3,810$2,174$464
42 years$16,933$10,385$6,132$3,516$1,973$403
43 years$16,354$9,895$5,754$3,245$1,790$349
44 years$15,802$9,432$5,401$2,997$1,625$303
45 years$15,277$8,994$5,072$2,768$1,475$262
46 years$14,776$8,580$4,764$2,556$1,339$228
47 years$14,298$8,188$4,475$2,362$1,216$197
48 years$13,841$7,816$4,205$2,182$1,105$171
49 years$13,404$7,464$3,953$2,017$1,003$148
50 years$12,985$7,130$3,716$1,864$911$129

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 $6,128 every year, while hoping to spend $56,996 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: 68/5/27 Blend
56$13,300,000$13,300,000$13,300,000$13,300,000
57$14,662,921$13,958,021$13,751,871$15,556,784
58$16,097,896$14,581,321$14,151,915$16,781,834
59$17,677,327$15,233,252$14,563,451$18,114,582
60$19,415,891$15,915,157$14,986,803$19,571,451
61$21,329,755$16,628,443$15,422,304$21,164,725
62$23,436,737$17,374,584$15,870,298$22,907,929
63$25,756,469$18,155,123$16,331,138$24,815,952
64$28,310,582$18,971,678$16,805,184$26,905,191
65$31,122,914$19,825,943$17,292,811$29,193,702
66$34,219,731$20,719,693$17,794,399$31,701,368
67$37,629,975$21,654,789$18,310,343$34,450,083
68$41,385,538$22,633,180$18,841,045$37,463,963
69$45,521,564$23,656,907$19,386,921$40,769,564
70$50,076,777$24,728,109$19,948,397$44,396,137
71$55,093,851$25,849,029$20,525,910$48,375,900
72$60,619,807$27,022,015$21,119,912$52,744,339
73$66,706,462$28,249,528$21,730,864$57,540,539
74$73,410,914$29,534,148$22,359,240$62,807,557
75$80,796,083$30,878,576$23,005,530$68,592,819
76$88,931,302$32,285,645$23,670,234$74,948,572
77$97,892,975$33,758,322$24,353,867$81,932,368
78$107,765,295$35,299,717$25,056,959$89,607,608
79$118,641,040$36,913,088$25,780,052$98,044,140
80$130,622,447$38,601,850$26,523,704$107,318,912
81$143,822,178$40,369,582$27,288,490$117,516,695
82$158,364,383$42,220,034$28,074,997$128,730,884
83$174,385,872$44,157,138$28,883,831$141,064,375
84$192,037,405$46,185,012$29,715,614$154,630,529
85$211,485,116$48,307,973$30,570,982$169,554,247
86$232,912,080$50,530,546$31,450,592$185,973,139
87$256,520,042$52,857,472$32,355,117$204,038,820
88$282,531,320$55,293,723$33,285,248$223,918,341
89$311,190,906$57,844,506$34,241,694$245,795,759
90$342,768,772$60,515,281$35,225,185$269,873,874
91$377,562,428$63,311,770$36,236,470$296,376,134
92$415,899,720$66,239,972$37,276,316$325,548,745
93$458,141,933$69,306,172$38,345,514$357,662,990
94$504,687,196$72,516,960$39,444,875$393,017,782
95$555,974,241$75,879,242$40,575,229$431,942,486
96$612,486,547$79,400,258$41,737,432$474,800,018
97$674,756,900$83,087,596$42,932,362$521,990,272
98$743,372,426$86,949,211$44,160,918$573,953,884
99$818,980,131$90,993,440$45,424,026$631,176,392
100$902,293,009$95,229,023$46,722,636$694,192,808