Can I retire at age 57 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,109,809
2 years$572,330$561,671$551,341$541,325$531,609$524,981
3 years$377,763$367,058$356,754$346,832$337,275$330,793
4 years$280,499$269,827$259,625$249,873$240,547$234,262
5 years$222,156$211,547$201,480$191,926$182,860$176,791
6 years$183,273$172,744$162,826$153,485$144,691$138,845
7 years$155,510$145,070$135,309$126,189$117,673$112,052
8 years$134,698$124,352$114,753$105,856$97,621$92,227
9 years$118,519$108,271$98,837$90,166$82,211$77,042
10 years$105,583$95,436$86,168$77,724$70,048$65,101
11 years$95,006$84,961$75,861$67,643$60,243$55,516
12 years$86,199$76,256$67,325$59,332$52,206$47,693
13 years$78,752$68,913$60,150$52,381$45,524$41,222
14 years$72,375$62,640$54,045$46,498$39,906$35,810
15 years$66,852$57,223$48,795$41,468$35,137$31,240
16 years$62,025$52,501$44,240$37,130$31,054$27,352
17 years$57,770$48,351$40,257$33,361$27,535$24,022
18 years$53,993$44,679$36,749$30,065$24,482$21,152
19 years$50,616$41,408$33,642$27,167$21,822$18,668
20 years$47,582$38,478$30,875$24,605$19,492$16,509
21 years$44,839$35,841$28,399$22,330$17,443$14,624
22 years$42,350$33,456$26,174$20,303$15,635$12,974
23 years$40,080$31,291$24,167$18,491$14,035$11,525
24 years$38,003$29,318$22,351$16,865$12,615$10,250
25 years$36,094$27,513$20,701$15,402$11,351$9,126
26 years$34,335$25,858$19,199$14,082$10,225$8,132
27 years$32,710$24,335$17,828$12,890$9,219$7,252
28 years$31,203$22,931$16,574$11,810$8,318$6,472
29 years$29,803$21,633$15,423$10,830$7,511$5,779
30 years$28,498$20,430$14,366$9,939$6,787$5,164
31 years$27,280$19,313$13,393$9,128$6,136$4,616
32 years$26,140$18,274$12,496$8,389$5,550$4,128
33 years$25,072$17,306$11,668$7,715$5,023$3,694
34 years$24,069$16,402$10,902$7,098$4,548$3,306
35 years$23,125$15,557$10,192$6,534$4,119$2,959
36 years$22,235$14,766$9,535$6,018$3,732$2,650
37 years$21,396$14,024$8,924$5,545$3,383$2,374
38 years$20,602$13,328$8,357$5,111$3,067$2,127
39 years$19,852$12,674$7,830$4,712$2,781$1,906
40 years$19,140$12,058$7,339$4,346$2,522$1,708
41 years$18,465$11,478$6,881$4,010$2,288$1,531
42 years$17,824$10,931$6,455$3,701$2,076$1,373
43 years$17,214$10,415$6,057$3,416$1,885$1,231
44 years$16,634$9,928$5,686$3,154$1,711$1,104
45 years$16,081$9,467$5,339$2,913$1,553$990
46 years$15,554$9,031$5,014$2,691$1,410$888
47 years$15,050$8,619$4,711$2,486$1,280$797
48 years$14,569$8,228$4,427$2,297$1,163$715
49 years$14,109$7,857$4,161$2,123$1,056$641
50 years$13,669$7,505$3,912$1,962$959$575

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,000,000, adding $2,534 every year, while hoping to spend $44,207 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: 89/6/5 Blend
56$14,000,000$14,000,000$14,000,000$14,000,000
57$15,430,614$14,688,614$14,471,614$16,806,110
58$16,957,501$15,361,320$14,909,377$18,373,348
59$18,638,648$16,065,507$15,360,324$20,089,949
60$20,489,744$16,802,671$15,824,849$21,976,015
61$22,528,076$17,574,380$16,303,359$24,048,618
62$24,772,691$18,382,276$16,796,273$26,326,568
63$27,244,580$19,228,082$17,304,022$28,830,580
64$29,966,871$20,113,602$17,827,051$31,583,476
65$32,965,052$21,040,728$18,365,817$34,610,395
66$36,267,206$22,011,442$18,920,790$37,939,032
67$39,904,280$23,027,823$19,492,457$41,599,896
68$43,910,378$24,092,047$20,081,315$45,626,594
69$48,323,077$25,206,398$20,687,880$50,056,156
70$53,183,788$26,373,268$21,312,680$54,929,372
71$58,538,141$27,595,165$21,956,262$60,291,183
72$64,436,421$28,874,718$22,619,186$66,191,101
73$70,934,038$30,214,681$23,302,031$72,683,676
74$78,092,053$31,617,944$24,005,393$79,829,006
75$85,977,752$33,087,533$24,729,883$87,693,308
76$94,665,282$34,626,621$25,476,133$96,349,536
77$104,236,351$36,238,535$26,244,794$105,878,070
78$114,780,998$37,926,763$27,036,533$116,367,474
79$126,398,444$39,694,958$27,852,041$127,915,327
80$139,198,027$41,546,953$28,692,027$140,629,144
81$153,300,237$43,486,765$29,557,221$154,627,390
82$168,837,849$45,518,604$30,448,375$170,040,591
83$185,957,178$47,646,884$31,366,264$187,012,570
84$204,819,461$49,876,232$32,311,685$205,701,797
85$225,602,379$52,211,500$33,285,459$226,282,885
86$248,501,731$54,657,773$34,288,431$248,948,235
87$273,733,286$57,220,383$35,321,473$273,909,850
88$301,534,818$59,904,919$36,385,479$301,401,331
89$332,168,350$62,717,240$37,481,372$331,680,083
90$365,922,626$65,663,489$38,610,103$365,029,736
91$403,115,842$68,750,108$39,772,649$401,762,825
92$444,098,642$71,983,848$40,970,018$442,223,735
93$489,257,435$75,371,788$42,203,245$486,791,946
94$539,018,038$78,921,350$43,473,398$535,885,613
95$593,849,698$82,640,316$44,781,576$589,965,512
96$654,269,519$86,536,843$46,128,911$649,539,380
97$720,847,347$90,619,486$47,516,567$715,166,710
98$794,211,147$94,897,211$48,945,742$787,464,024
99$875,052,932$99,379,422$50,417,673$867,110,691
100$964,135,295$104,075,978$51,933,628$954,855,333