Can I retire at age 57 with 13,400,000?

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 $13,400,000?

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 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,038,075
2 years$547,802$537,599$527,712$518,125$508,826$478,376
3 years$361,573$351,327$341,464$331,968$322,820$293,333
4 years$268,478$258,263$248,499$239,164$230,238$201,940
5 years$212,635$202,481$192,845$183,701$175,023$147,992
6 years$175,418$165,341$155,848$146,907$138,490$112,750
7 years$148,845$138,853$129,510$120,780$112,629$88,182
8 years$128,925$119,023$109,835$101,320$93,437$70,267
9 years$113,439$103,631$94,601$86,302$78,687$56,773
10 years$101,058$91,345$82,475$74,393$67,046$46,357
11 years$90,935$81,319$72,610$64,744$57,661$38,165
12 years$82,505$72,988$64,439$56,789$49,968$31,626
13 years$75,377$65,960$57,572$50,137$43,573$26,344
14 years$69,273$59,956$51,729$44,506$38,196$22,039
15 years$63,987$54,771$46,704$39,691$33,631$18,501
16 years$59,367$50,251$42,344$35,539$29,723$15,575
17 years$55,295$46,279$38,532$31,932$26,354$13,144
18 years$51,679$42,764$35,174$28,777$23,433$11,114
19 years$48,447$39,633$32,200$26,002$20,887$9,413
20 years$45,542$36,829$29,552$23,550$18,656$7,983
21 years$42,918$34,305$27,182$21,373$16,695$6,779
22 years$40,535$32,022$25,053$19,433$14,965$5,762
23 years$38,362$29,950$23,132$17,698$13,433$4,901
24 years$36,374$28,061$21,393$16,142$12,074$4,172
25 years$34,547$26,334$19,814$14,742$10,865$3,554
26 years$32,864$24,750$18,376$13,479$9,787$3,029
27 years$31,308$23,292$17,064$12,338$8,824$2,582
28 years$29,866$21,948$15,863$11,304$7,962$2,202
29 years$28,525$20,706$14,762$10,366$7,189$1,879
30 years$27,277$19,554$13,750$9,513$6,496$1,603
31 years$26,111$18,485$12,819$8,737$5,873$1,369
32 years$25,020$17,491$11,960$8,030$5,312$1,168
33 years$23,997$16,564$11,168$7,384$4,808$998
34 years$23,037$15,699$10,434$6,794$4,353$852
35 years$22,134$14,890$9,755$6,254$3,943$728
36 years$21,282$14,133$9,126$5,760$3,572$622
37 years$20,479$13,423$8,542$5,307$3,238$531
38 years$19,720$12,757$7,999$4,892$2,935$454
39 years$19,001$12,130$7,494$4,510$2,662$388
40 years$18,320$11,541$7,024$4,160$2,414$331
41 years$17,674$10,986$6,586$3,838$2,190$283
42 years$17,060$10,463$6,178$3,542$1,987$242
43 years$16,477$9,969$5,798$3,270$1,804$207
44 years$15,921$9,502$5,442$3,019$1,637$177
45 years$15,392$9,061$5,110$2,788$1,486$151
46 years$14,887$8,644$4,799$2,576$1,350$129
47 years$14,405$8,249$4,509$2,380$1,225$110
48 years$13,945$7,875$4,237$2,199$1,113$94
49 years$13,504$7,520$3,983$2,032$1,011$80
50 years$13,083$7,184$3,744$1,878$918$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $13,400,000, adding $3,719 every year, while hoping to spend $36,985 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: 82/8/10 Blend
56$13,400,000$13,400,000$13,400,000$13,400,000
57$14,770,636$14,060,436$13,852,736$15,958,621
58$16,237,889$14,710,046$14,277,451$17,386,825
59$17,853,563$15,390,247$14,715,154$18,949,244
60$19,632,756$16,102,499$15,166,242$20,663,503
61$21,592,108$16,848,332$15,631,122$22,544,808
62$23,749,954$17,629,351$16,110,216$24,609,904
63$26,126,497$18,447,237$16,603,955$26,877,236
64$28,743,999$19,303,751$17,112,788$29,367,114
65$31,626,994$20,200,742$17,637,173$32,101,910
66$34,802,514$21,140,145$18,177,585$35,106,263
67$38,300,348$22,123,990$18,734,512$38,407,313
68$42,153,323$23,154,405$19,308,457$42,034,954
69$46,397,611$24,233,620$19,899,939$46,022,114
70$51,073,073$25,363,973$20,509,493$50,405,063
71$56,223,633$26,547,914$21,137,668$55,223,757
72$61,897,696$27,788,014$21,785,031$60,522,210
73$68,148,599$29,086,965$22,452,168$66,348,906
74$75,035,121$30,447,590$23,139,680$72,757,260
75$82,622,031$31,872,851$23,848,188$79,806,113
76$90,980,707$33,365,849$24,578,330$87,560,290
77$100,189,801$34,929,837$25,330,766$96,091,207
78$110,335,988$36,568,226$26,106,174$105,477,543
79$121,514,781$38,284,592$26,905,254$115,805,979
80$133,831,433$40,082,682$27,728,725$127,172,017
81$147,401,932$41,966,426$28,577,329$139,680,872
82$162,354,092$43,939,943$29,451,833$153,448,469
83$178,828,763$46,007,554$30,353,022$168,602,530
84$196,981,158$48,173,786$31,281,710$185,283,775
85$216,982,322$50,443,387$32,238,733$203,647,252
86$239,020,740$52,821,334$33,224,952$223,863,792
87$263,304,123$55,312,847$34,241,256$246,121,620
88$290,061,364$57,923,397$35,288,559$270,628,126
89$319,544,701$60,658,721$36,367,803$297,611,823
90$352,032,096$63,524,834$37,479,960$327,324,493
91$387,829,861$66,528,042$38,626,030$360,043,565
92$427,275,549$69,674,958$39,807,043$396,074,726
93$470,741,138$72,972,515$41,024,063$435,754,805
94$518,636,548$76,427,981$42,278,182$479,454,942
95$571,413,503$80,048,980$43,570,529$527,584,093
96$629,569,802$83,843,502$44,902,264$580,592,877
97$693,654,016$87,819,928$46,274,584$638,977,833
98$764,270,665$91,987,043$47,688,721$703,286,095
99$842,085,926$96,354,061$49,145,947$774,120,552
100$927,833,923$100,930,643$50,647,568$852,145,533