Can I retire at age 57 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,093,457
2 years$580,506$569,695$559,217$549,058$539,204$500,438
3 years$383,160$372,302$361,850$351,787$342,093$304,650
4 years$284,506$273,681$263,334$253,443$243,984$208,149
5 years$225,329$214,569$204,358$194,668$185,472$151,342
6 years$185,891$175,212$165,152$155,678$146,758$114,358
7 years$157,732$147,143$137,242$127,991$119,354$88,678
8 years$136,622$126,129$116,392$107,369$99,015$70,040
9 years$120,212$109,818$100,248$91,454$83,385$56,075
10 years$107,092$96,799$87,399$78,834$71,048$45,358
11 years$96,364$86,174$76,945$68,610$61,104$36,982
12 years$87,430$77,345$68,286$60,180$52,951$30,342
13 years$79,877$69,898$61,009$53,130$46,175$25,019
14 years$73,408$63,535$54,817$47,163$40,476$20,714
15 years$67,807$58,040$49,493$42,061$35,639$17,205
16 years$62,911$53,251$44,872$37,661$31,498$14,329
17 years$58,596$49,042$40,832$33,838$27,928$11,959
18 years$54,764$45,317$37,274$30,495$24,832$10,000
19 years$51,339$41,999$34,123$27,555$22,133$8,374
20 years$48,261$39,028$31,316$24,956$19,770$7,021
21 years$45,480$36,353$28,805$22,649$17,692$5,893
22 years$42,955$33,934$26,548$20,593$15,858$4,951
23 years$40,653$31,738$24,513$18,755$14,235$4,162
24 years$38,545$29,736$22,670$17,105$12,795$3,501
25 years$36,610$27,906$20,997$15,622$11,514$2,946
26 years$34,826$26,227$19,474$14,284$10,371$2,481
27 years$33,177$24,683$18,083$13,074$9,350$2,089
28 years$31,649$23,259$16,810$11,979$8,437$1,760
29 years$30,228$21,942$15,644$10,985$7,618$1,484
30 years$28,905$20,722$14,571$10,081$6,884$1,251
31 years$27,670$19,589$13,584$9,259$6,224$1,054
32 years$26,514$18,535$12,675$8,509$5,630$889
33 years$25,430$17,553$11,834$7,825$5,095$750
34 years$24,412$16,636$11,057$7,200$4,613$632
35 years$23,455$15,779$10,338$6,628$4,178$533
36 years$22,553$14,977$9,671$6,104$3,785$450
37 years$21,701$14,225$9,052$5,624$3,431$379
38 years$20,897$13,518$8,476$5,184$3,110$320
39 years$20,135$12,855$7,942$4,780$2,821$270
40 years$19,414$12,230$7,444$4,408$2,558$228
41 years$18,729$11,642$6,980$4,067$2,321$192
42 years$18,079$11,087$6,547$3,754$2,106$162
43 years$17,460$10,564$6,144$3,465$1,911$137
44 years$16,872$10,070$5,767$3,199$1,735$116
45 years$16,311$9,602$5,415$2,955$1,575$97
46 years$15,776$9,160$5,086$2,729$1,430$82
47 years$15,265$8,742$4,778$2,522$1,299$69
48 years$14,777$8,345$4,490$2,330$1,179$59
49 years$14,311$7,969$4,220$2,153$1,071$49
50 years$13,864$7,612$3,968$1,990$973$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,200,000, adding $6,976 every year, while hoping to spend $52,586 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: 45/30/25 Blend
56$14,200,000$14,200,000$14,200,000$14,200,000
57$15,655,596$14,902,996$14,682,896$16,246,780
58$17,196,515$15,577,291$15,118,822$17,340,110
59$18,892,846$16,282,865$15,567,589$18,519,437
60$20,760,385$17,021,194$16,029,571$19,797,391
61$22,816,538$17,793,826$16,505,155$21,183,193
62$25,080,484$18,602,382$16,994,737$22,686,965
63$27,573,356$19,448,563$17,498,724$24,319,830
64$30,318,444$20,334,148$18,017,537$26,094,003
65$33,341,408$21,261,004$18,551,607$28,022,909
66$36,670,525$22,231,086$19,101,379$30,121,301
67$40,336,953$23,246,443$19,667,309$32,405,393
68$44,375,026$24,309,223$20,249,868$34,893,010
69$48,822,579$25,421,675$20,849,539$37,603,746
70$53,721,304$26,586,159$21,466,821$40,559,148
71$59,117,142$27,805,146$22,102,224$43,782,908
72$65,060,717$29,081,225$22,756,276$47,301,082
73$71,607,817$30,417,111$23,429,517$51,142,328
74$78,819,914$31,815,650$24,122,506$55,338,172
75$86,764,750$33,279,821$24,835,815$59,923,292
76$95,516,974$34,812,752$25,570,033$64,935,842
77$105,158,844$36,417,715$26,325,768$70,417,803
78$115,781,008$38,098,145$27,103,643$76,415,368
79$127,483,355$39,857,639$27,904,300$82,979,370
80$140,375,961$41,699,967$28,728,398$90,165,754
81$154,580,126$43,629,082$29,576,616$98,036,091
82$170,229,520$45,649,128$30,449,653$106,658,152
83$187,471,441$47,764,445$31,348,227$116,106,536
84$206,468,211$49,979,587$32,273,076$126,463,362
85$227,398,705$52,299,322$33,224,960$137,819,029
86$250,460,037$54,728,653$34,204,660$150,273,065
87$275,869,424$57,272,821$35,212,980$163,935,045
88$303,866,237$59,937,321$36,250,747$178,925,614
89$334,714,256$62,727,913$37,318,810$195,377,615
90$368,704,164$65,650,633$38,418,043$213,437,322
91$406,156,287$68,711,813$39,549,346$233,265,812
92$447,423,622$71,918,085$40,713,643$255,040,461
93$492,895,166$75,276,406$41,911,884$278,956,607
94$542,999,589$78,794,066$43,145,049$305,229,377
95$598,209,280$82,478,709$44,414,141$334,095,693
96$659,044,808$86,338,346$45,720,196$365,816,494
97$726,079,832$90,381,379$47,064,276$400,679,177
98$799,946,520$94,616,613$48,447,475$439,000,287
99$881,341,517$99,053,279$49,870,917$481,128,487
100$971,032,519$103,701,056$51,335,760$527,447,822