Can I retire at age 57 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,086,190
2 years$576,418$565,683$555,279$545,191$535,407$497,340
3 years$380,462$369,680$359,302$349,309$339,684$302,910
4 years$282,503$271,754$261,480$251,658$242,265$207,065
5 years$223,742$213,058$202,919$193,297$184,166$150,633
6 years$184,582$173,978$163,989$154,581$145,725$113,884
7 years$156,621$146,107$136,275$127,090$118,513$88,361
8 years$135,660$125,240$115,572$106,613$98,318$69,832
9 years$119,365$109,044$99,543$90,810$82,798$55,942
10 years$106,337$96,117$86,783$78,279$70,548$45,279
11 years$95,685$85,567$76,403$68,126$60,674$36,941
12 years$86,815$76,801$67,805$59,756$52,579$30,329
13 years$79,315$69,405$60,580$52,756$45,849$25,026
14 years$72,892$63,088$54,431$46,831$40,191$20,733
15 years$67,330$57,632$49,144$41,765$35,388$17,233
16 years$62,468$52,876$44,556$37,396$31,276$14,363
17 years$58,183$48,697$40,544$33,600$27,731$11,997
18 years$54,378$44,998$37,012$30,280$24,657$10,039
19 years$50,978$41,704$33,883$27,361$21,978$8,413
20 years$47,921$38,753$31,096$24,780$19,631$7,059
21 years$45,160$36,097$28,602$22,490$17,567$5,930
22 years$42,652$33,695$26,361$20,448$15,747$4,985
23 years$40,366$31,514$24,340$18,623$14,135$4,194
24 years$38,274$29,527$22,510$16,985$12,705$3,531
25 years$36,352$27,710$20,849$15,512$11,433$2,974
26 years$34,581$26,043$19,336$14,183$10,298$2,506
27 years$32,943$24,509$17,956$12,982$9,285$2,112
28 years$31,426$23,095$16,692$11,894$8,378$1,781
29 years$30,015$21,787$15,533$10,907$7,565$1,502
30 years$28,702$20,576$14,469$10,010$6,835$1,267
31 years$27,475$19,451$13,489$9,194$6,180$1,069
32 years$26,327$18,405$12,585$8,449$5,590$902
33 years$25,251$17,429$11,751$7,770$5,059$762
34 years$24,241$16,519$10,979$7,149$4,580$643
35 years$23,290$15,668$10,265$6,581$4,149$543
36 years$22,394$14,871$9,603$6,061$3,759$458
37 years$21,549$14,124$8,988$5,584$3,407$387
38 years$20,750$13,423$8,417$5,147$3,089$327
39 years$19,993$12,764$7,886$4,746$2,801$276
40 years$19,277$12,144$7,391$4,377$2,540$233
41 years$18,597$11,560$6,931$4,039$2,305$197
42 years$17,951$11,009$6,501$3,727$2,091$166
43 years$17,337$10,490$6,100$3,441$1,898$140
44 years$16,753$9,999$5,726$3,177$1,723$118
45 years$16,196$9,535$5,377$2,934$1,564$100
46 years$15,665$9,096$5,050$2,710$1,420$84
47 years$15,158$8,680$4,744$2,504$1,289$71
48 years$14,673$8,286$4,458$2,314$1,171$60
49 years$14,210$7,913$4,191$2,138$1,064$51
50 years$13,767$7,559$3,940$1,976$966$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,100,000, adding $6,422 every year, while hoping to spend $24,241 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: 55/36/9 Blend
56$14,100,000$14,100,000$14,100,000$14,100,000
57$15,544,824$14,797,524$14,578,974$16,365,410
58$17,104,604$15,496,811$15,041,578$17,620,388
59$18,822,669$16,229,550$15,518,866$18,982,876
60$20,715,139$16,997,355$16,011,305$20,465,725
61$22,799,776$17,801,918$16,519,377$22,080,383
62$25,096,154$18,645,013$17,043,577$23,839,431
63$27,625,843$19,528,500$17,584,418$25,756,693
64$30,412,611$20,454,330$18,142,429$27,847,359
65$33,482,652$21,424,546$18,718,154$30,128,129
66$36,864,827$22,441,293$19,312,157$32,617,359
67$40,590,943$23,506,820$19,925,017$35,335,228
68$44,696,048$24,623,483$20,557,335$38,303,927
69$49,218,766$25,793,755$21,209,727$41,547,855
70$54,201,659$27,020,228$21,882,831$45,093,848
71$59,691,628$28,305,619$22,577,306$48,971,421
72$65,740,358$29,652,778$23,293,830$53,213,038
73$72,404,804$31,064,694$24,033,103$57,854,414
74$79,747,730$32,544,500$24,795,848$62,934,842
75$87,838,300$34,095,482$25,582,810$68,497,551
76$96,752,732$35,721,086$26,394,759$74,590,110
77$106,575,016$37,424,924$27,232,489$81,264,864
78$117,397,708$39,210,786$28,096,818$88,579,419
79$129,322,804$41,082,644$28,988,591$96,597,172
80$142,462,702$43,044,665$29,908,681$105,387,904
81$156,941,262$45,101,218$30,857,986$115,028,418
82$172,894,977$47,256,884$31,837,434$125,603,261
83$190,474,260$49,516,467$32,847,984$137,205,502
84$209,844,866$51,885,006$33,890,624$149,937,598
85$231,189,455$54,367,783$34,966,372$163,912,349
86$254,709,314$56,970,340$36,076,280$179,253,948
87$280,626,263$59,698,485$37,221,434$196,099,132
88$309,184,744$62,558,313$38,402,954$214,598,465
89$340,654,130$65,556,212$39,621,995$234,917,734
90$375,331,268$68,698,883$40,879,749$257,239,498
91$413,543,282$71,993,353$42,177,445$281,764,797
92$455,650,661$75,446,992$43,516,353$308,715,024
93$502,050,660$79,067,526$44,897,783$338,333,995
94$553,181,054$82,863,061$46,323,085$370,890,231
95$609,524,266$86,842,096$47,793,653$406,679,470
96$671,611,926$91,013,544$49,310,926$446,027,432
97$740,029,888$95,386,753$50,876,387$489,292,872
98$815,423,759$99,971,526$52,491,568$536,870,935
99$898,504,995$104,778,144$54,158,049$589,196,867
100$990,057,619$109,817,388$55,877,458$646,750,086