Can I retire at age 57 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,097,744
2 years$568,242$557,659$547,403$537,458$527,812$517,072
3 years$375,065$364,436$354,206$344,355$334,866$324,380
4 years$278,495$267,899$257,771$248,088$238,829$228,679
5 years$220,569$210,036$200,041$190,555$181,554$171,769
6 years$181,964$171,510$161,663$152,389$143,658$134,249
7 years$154,399$144,034$134,343$125,287$116,832$107,805
8 years$133,736$123,464$113,933$105,100$96,923$88,278
9 years$117,672$107,498$98,131$89,522$81,624$73,356
10 years$104,829$94,754$85,552$77,169$69,547$61,653
11 years$94,328$84,354$75,319$67,160$59,813$52,285
12 years$85,583$75,711$66,844$58,908$51,833$44,664
13 years$78,190$68,421$59,720$52,007$45,199$38,382
14 years$71,858$62,193$53,659$46,166$39,621$33,146
15 years$66,375$56,814$48,447$41,172$34,886$28,743
16 years$61,582$52,126$43,924$36,865$30,832$25,011
17 years$57,358$48,006$39,969$33,123$27,338$21,829
18 years$53,607$44,360$36,487$29,851$24,308$19,100
19 years$50,255$41,112$33,402$26,973$21,666$16,748
20 years$47,242$38,203$30,655$24,429$19,352$14,714
21 years$44,519$35,585$28,196$22,171$17,318$12,948
22 years$42,047$33,217$25,987$20,158$15,523$11,410
23 years$39,794$31,067$23,995$18,359$13,935$10,067
24 years$37,731$29,108$22,191$16,744$12,525$8,892
25 years$35,836$27,317$20,553$15,292$11,270$7,861
26 years$34,090$25,673$19,062$13,982$10,152$6,956
27 years$32,476$24,161$17,701$12,798$9,153$6,159
28 years$30,980$22,767$16,455$11,726$8,259$5,457
29 years$29,590$21,478$15,313$10,753$7,457$4,838
30 years$28,294$20,284$14,264$9,868$6,738$4,291
31 years$27,085$19,175$13,297$9,063$6,092$3,808
32 years$25,954$18,144$12,407$8,329$5,511$3,381
33 years$24,893$17,182$11,584$7,660$4,987$3,002
34 years$23,897$16,285$10,824$7,047$4,515$2,667
35 years$22,960$15,446$10,119$6,488$4,090$2,370
36 years$22,076$14,660$9,466$5,975$3,705$2,106
37 years$21,243$13,924$8,860$5,505$3,358$1,872
38 years$20,455$13,233$8,297$5,074$3,045$1,665
39 years$19,710$12,583$7,774$4,679$2,761$1,480
40 years$19,003$11,972$7,286$4,315$2,504$1,317
41 years$18,333$11,396$6,832$3,981$2,272$1,171
42 years$17,697$10,853$6,409$3,674$2,062$1,042
43 years$17,091$10,341$6,014$3,392$1,871$927
44 years$16,515$9,857$5,645$3,132$1,698$825
45 years$15,966$9,400$5,301$2,892$1,542$734
46 years$15,442$8,967$4,978$2,672$1,400$653
47 years$14,943$8,557$4,677$2,468$1,271$581
48 years$14,465$8,169$4,395$2,281$1,154$517
49 years$14,008$7,801$4,131$2,108$1,048$461
50 years$13,571$7,452$3,884$1,948$952$410

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $13,900,000, adding $5,267 every year, while hoping to spend $56,820 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: 54/37/9 Blend
56$13,900,000$13,900,000$13,900,000$13,900,000
57$15,323,233$14,586,533$14,371,083$16,116,333
58$16,825,747$15,240,817$14,792,058$17,308,575
59$18,479,612$15,925,257$15,225,232$18,598,846
60$20,300,208$16,641,269$15,670,952$20,001,761
61$22,304,478$17,390,341$16,129,578$21,528,012
62$24,511,094$18,174,026$16,601,478$23,189,350
63$26,940,629$18,993,957$17,087,031$24,998,685
64$29,615,752$19,851,840$17,586,625$26,970,207
65$32,561,444$20,749,465$18,100,663$29,119,513
66$35,805,231$21,688,708$18,629,554$31,463,749
67$39,377,443$22,671,534$19,173,723$34,021,767
68$43,311,503$23,700,000$19,733,604$36,814,296
69$47,644,241$24,776,264$20,309,644$39,864,130
70$52,416,239$25,902,587$20,902,302$43,196,340
71$57,672,218$27,081,336$21,512,052$46,838,503
72$63,461,457$28,314,995$22,139,379$50,820,951
73$69,838,259$29,606,162$22,784,781$55,177,055
74$76,862,462$30,957,565$23,448,771$59,943,530
75$84,600,005$32,372,058$24,131,878$65,160,772
76$93,123,552$33,852,635$24,834,642$70,873,234
77$102,513,172$35,402,432$25,557,620$77,129,833
78$112,857,100$37,024,736$26,301,385$83,984,406
79$124,252,569$38,722,992$27,066,525$91,496,205
80$136,806,722$40,500,810$27,853,645$99,730,447
81$150,637,631$42,361,973$28,663,366$108,758,921
82$165,875,407$44,310,447$29,496,326$118,660,652
83$182,663,427$46,350,387$30,353,182$129,522,635
84$201,159,690$48,486,150$31,234,607$141,440,646
85$221,538,306$50,722,299$32,141,294$154,520,130
86$243,991,142$53,063,620$33,073,956$168,877,187
87$268,729,628$55,515,128$34,033,324$184,639,651
88$295,986,760$58,082,078$35,020,149$201,948,282
89$326,019,289$60,769,980$36,035,204$220,958,078
90$359,110,156$63,584,609$37,079,283$241,839,728
91$395,571,154$66,532,016$38,153,201$264,781,198
92$435,745,874$69,618,548$39,257,796$289,989,494
93$480,012,950$72,850,852$40,393,928$317,692,593
94$528,789,628$76,235,901$41,562,482$348,141,581
95$582,535,711$79,781,002$42,764,366$381,612,996
96$641,757,895$83,493,812$44,000,514$418,411,424
97$707,014,554$87,382,362$45,271,884$458,872,348
98$778,921,008$91,455,068$46,579,462$503,365,291
99$858,155,336$95,720,752$47,924,259$552,297,283
100$945,464,774$100,188,662$49,307,316$606,116,676