Can I retire at age 57 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,049,527
2 years$560,066$549,635$539,526$529,725$520,218$477,492
3 years$369,668$359,193$349,109$339,400$330,048$288,871
4 years$274,488$264,045$254,062$244,518$235,393$196,079
5 years$217,395$207,014$197,163$187,814$178,942$141,591
6 years$179,346$169,043$159,337$150,196$141,591$106,227
7 years$152,178$141,962$132,410$123,484$115,151$81,762
8 years$131,811$121,687$112,294$103,588$95,529$64,082
9 years$115,979$105,951$96,719$88,234$80,449$50,897
10 years$103,321$93,390$84,321$76,059$68,547$40,832
11 years$92,971$83,140$74,235$66,194$58,952$33,011
12 years$84,352$74,622$65,882$58,061$51,087$26,850
13 years$77,065$67,437$58,861$51,259$44,549$21,944
14 years$70,824$61,298$52,887$45,502$39,051$18,003
15 years$65,420$55,997$47,750$40,580$34,384$14,815
16 years$60,696$51,376$43,292$36,335$30,388$12,223
17 years$56,533$47,315$39,394$32,647$26,945$10,104
18 years$52,836$43,721$35,962$29,421$23,958$8,367
19 years$49,532$40,521$32,921$26,584$21,354$6,938
20 years$46,562$37,654$30,214$24,077$19,074$5,760
21 years$43,878$35,073$27,791$21,852$17,069$4,786
22 years$41,442$32,739$25,613$19,868$15,300$3,980
23 years$39,221$30,620$23,649$18,094$13,734$3,311
24 years$37,188$28,689$21,872$16,503$12,345$2,757
25 years$35,321$26,924$20,258$15,072$11,108$2,296
26 years$33,600$25,304$18,788$13,781$10,006$1,913
27 years$32,009$23,814$17,446$12,614$9,021$1,595
28 years$30,534$22,440$16,219$11,557$8,140$1,329
29 years$29,164$21,169$15,093$10,598$7,350$1,108
30 years$27,887$19,992$14,058$9,726$6,641$924
31 years$26,695$18,899$13,106$8,933$6,004$771
32 years$25,580$17,882$12,228$8,210$5,431$643
33 years$24,535$16,935$11,418$7,549$4,915$537
34 years$23,553$16,051$10,668$6,946$4,450$448
35 years$22,629$15,224$9,974$6,394$4,031$374
36 years$21,759$14,449$9,330$5,889$3,652$312
37 years$20,937$13,724$8,733$5,426$3,310$260
38 years$20,161$13,042$8,178$5,001$3,001$217
39 years$19,426$12,402$7,662$4,611$2,721$181
40 years$18,730$11,800$7,182$4,253$2,468$151
41 years$18,070$11,232$6,734$3,924$2,239$126
42 years$17,442$10,697$6,317$3,622$2,032$105
43 years$16,845$10,192$5,927$3,343$1,844$88
44 years$16,278$9,715$5,564$3,087$1,674$73
45 years$15,736$9,264$5,224$2,851$1,520$61
46 years$15,220$8,838$4,907$2,633$1,380$51
47 years$14,728$8,434$4,610$2,433$1,253$43
48 years$14,257$8,051$4,332$2,248$1,138$36
49 years$13,807$7,689$4,072$2,078$1,033$30
50 years$13,376$7,344$3,828$1,920$939$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $13,700,000, adding $2,219 every year, while hoping to spend $22,503 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: 53/21/26 Blend
56$13,700,000$13,700,000$13,700,000$13,700,000
57$15,099,689$14,373,589$14,161,239$15,790,581
58$16,615,914$15,053,952$14,611,697$16,948,984
59$18,286,040$15,766,898$15,076,492$18,206,443
60$20,125,741$16,514,001$15,556,079$19,574,445
61$22,152,289$17,296,909$16,050,930$21,063,567
62$24,384,717$18,117,353$16,561,531$22,685,439
63$26,843,999$18,977,144$17,088,383$24,452,843
64$29,553,247$19,878,184$17,632,004$26,379,837
65$32,537,930$20,822,466$18,192,928$28,481,879
66$35,826,113$21,812,082$18,771,705$30,775,970
67$39,448,725$22,849,222$19,368,905$33,280,808
68$43,439,845$23,936,184$19,985,115$36,016,964
69$47,837,032$25,075,380$20,620,939$39,007,065
70$52,681,671$26,269,335$21,277,002$42,276,010
71$58,019,369$27,520,700$21,953,948$45,851,191
72$63,900,383$28,832,253$22,652,444$49,762,753
73$70,380,096$30,206,907$23,373,176$54,043,870
74$77,519,540$31,647,719$24,116,850$58,731,051
75$85,385,967$33,157,892$24,884,199$63,864,477
76$94,053,493$34,740,786$25,675,977$69,488,380
77$103,603,788$36,399,923$26,492,961$75,651,444
78$114,126,853$38,138,998$27,335,954$82,407,267
79$125,721,869$39,961,886$28,205,785$89,814,850
80$138,498,130$41,872,648$29,103,309$97,939,155
81$152,576,077$43,875,546$30,029,408$106,851,700
82$168,088,436$45,975,047$30,984,992$116,631,234
83$185,181,467$48,175,835$31,971,001$127,364,469
84$204,016,351$50,482,825$32,988,403$139,146,883
85$224,770,703$52,901,168$34,038,199$152,083,621
86$247,640,256$55,436,267$35,121,420$166,290,469
87$272,840,707$58,093,788$36,239,132$181,894,941
88$300,609,750$60,879,675$37,392,434$199,037,470
89$331,209,323$63,800,157$38,582,459$217,872,721
90$364,928,079$66,861,770$39,810,377$238,571,039
91$402,084,114$70,071,368$41,077,395$261,320,044
92$443,027,966$73,436,137$42,384,760$286,326,391
93$488,145,926$76,963,615$43,733,757$313,817,701
94$537,863,684$80,661,706$45,125,712$344,044,703
95$592,650,351$84,538,701$46,561,994$377,283,578
96$653,022,881$88,603,292$48,044,015$413,838,555
97$719,550,959$92,864,597$49,573,233$454,044,762
98$792,862,372$97,332,177$51,151,152$498,271,377
99$873,648,942$102,016,062$52,779,324$546,925,090
100$962,673,052$106,926,767$54,459,349$600,453,928