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

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,105,403
2 years$580,506$569,695$559,217$549,058$539,204$512,235
3 years$383,160$372,302$361,850$351,787$342,093$315,923
4 years$284,506$273,681$263,334$253,443$243,984$218,814
5 years$225,329$214,569$204,358$194,668$185,472$161,373
6 years$185,891$175,212$165,152$155,678$146,758$123,754
7 years$157,732$147,143$137,242$127,991$119,354$97,447
8 years$136,622$126,129$116,392$107,369$99,015$78,198
9 years$120,212$109,818$100,248$91,454$83,385$63,641
10 years$107,092$96,799$87,399$78,834$71,048$52,355
11 years$96,364$86,174$76,945$68,610$61,104$43,435
12 years$87,430$77,345$68,286$60,180$52,951$36,278
13 years$79,877$69,898$61,009$53,130$46,175$30,464
14 years$73,408$63,535$54,817$47,163$40,476$25,696
15 years$67,807$58,040$49,493$42,061$35,639$21,753
16 years$62,911$53,251$44,872$37,661$31,498$18,471
17 years$58,596$49,042$40,832$33,838$27,928$15,724
18 years$54,764$45,317$37,274$30,495$24,832$13,414
19 years$51,339$41,999$34,123$27,555$22,133$11,464
20 years$48,261$39,028$31,316$24,956$19,770$9,812
21 years$45,480$36,353$28,805$22,649$17,692$8,409
22 years$42,955$33,934$26,548$20,593$15,858$7,214
23 years$40,653$31,738$24,513$18,755$14,235$6,195
24 years$38,545$29,736$22,670$17,105$12,795$5,324
25 years$36,610$27,906$20,997$15,622$11,514$4,578
26 years$34,826$26,227$19,474$14,284$10,371$3,940
27 years$33,177$24,683$18,083$13,074$9,350$3,392
28 years$31,649$23,259$16,810$11,979$8,437$2,921
29 years$30,228$21,942$15,644$10,985$7,618$2,517
30 years$28,905$20,722$14,571$10,081$6,884$2,169
31 years$27,670$19,589$13,584$9,259$6,224$1,870
32 years$26,514$18,535$12,675$8,509$5,630$1,612
33 years$25,430$17,553$11,834$7,825$5,095$1,391
34 years$24,412$16,636$11,057$7,200$4,613$1,200
35 years$23,455$15,779$10,338$6,628$4,178$1,035
36 years$22,553$14,977$9,671$6,104$3,785$893
37 years$21,701$14,225$9,052$5,624$3,431$771
38 years$20,897$13,518$8,476$5,184$3,110$665
39 years$20,135$12,855$7,942$4,780$2,821$574
40 years$19,414$12,230$7,444$4,408$2,558$496
41 years$18,729$11,642$6,980$4,067$2,321$428
42 years$18,079$11,087$6,547$3,754$2,106$369
43 years$17,460$10,564$6,144$3,465$1,911$319
44 years$16,872$10,070$5,767$3,199$1,735$275
45 years$16,311$9,602$5,415$2,955$1,575$238
46 years$15,776$9,160$5,086$2,729$1,430$205
47 years$15,265$8,742$4,778$2,522$1,299$177
48 years$14,777$8,345$4,490$2,330$1,179$153
49 years$14,311$7,969$4,220$2,153$1,071$132
50 years$13,864$7,612$3,968$1,990$973$114

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 $4,540 every year, while hoping to spend $46,538 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: 51/44/5 Blend
56$14,200,000$14,200,000$14,200,000$14,200,000
57$15,653,083$14,900,483$14,680,383$16,433,069
58$17,200,181$15,581,091$15,122,660$17,643,644
59$18,903,524$16,293,488$15,578,193$18,953,428
60$20,778,999$17,039,184$16,047,378$20,376,032
61$22,844,112$17,819,760$16,530,621$21,922,046
62$25,118,156$18,636,872$17,028,340$23,603,099
63$27,622,386$19,492,257$17,540,968$25,431,960
64$30,380,226$20,387,734$18,068,947$27,422,659
65$33,417,487$21,325,211$18,612,735$29,590,603
66$36,762,610$22,306,687$19,172,801$31,952,727
67$40,446,938$23,334,255$19,749,631$34,527,635
68$44,505,004$24,410,113$20,343,723$37,335,778
69$48,974,867$25,536,561$20,955,590$40,399,631
70$53,898,462$26,716,010$21,585,760$43,743,906
71$59,322,000$27,950,990$22,234,778$47,395,768
72$65,296,405$29,244,150$22,903,204$51,385,091
73$71,877,791$30,598,266$23,591,615$55,744,722
74$79,127,995$32,016,250$24,300,603$60,510,791
75$87,115,158$33,501,154$25,030,781$65,723,033
76$95,914,370$35,056,176$25,782,777$71,425,160
77$105,608,374$36,684,667$26,557,239$77,665,256
78$116,288,356$38,390,143$27,354,834$84,496,226
79$128,054,795$40,176,287$28,176,248$91,976,278
80$141,018,420$42,046,961$29,022,188$100,169,461
81$155,301,248$44,006,211$29,893,380$109,146,259
82$171,037,742$46,058,282$30,790,575$118,984,239
83$188,376,074$48,207,621$31,714,542$129,768,771
84$207,479,530$50,458,891$32,666,076$141,593,817
85$228,528,045$52,816,979$33,645,992$154,562,802
86$251,719,905$55,287,010$34,655,132$168,789,577
87$277,273,617$57,874,356$35,694,361$184,399,472
88$305,429,974$60,584,648$36,764,570$201,530,462
89$336,454,325$63,423,789$37,866,677$220,334,450
90$370,639,080$66,397,968$39,001,624$240,978,684
91$408,306,472$69,513,674$40,170,385$263,647,309
92$449,811,597$72,777,710$41,373,958$288,543,089
93$495,545,768$76,197,206$42,613,373$315,889,294
94$545,940,206$79,779,638$43,889,691$345,931,785
95$601,470,114$83,532,847$45,204,002$378,941,310
96$662,659,157$87,465,048$46,557,428$415,216,032
97$730,084,415$91,584,859$47,951,126$455,084,316
98$804,381,821$95,901,313$49,386,284$498,907,801
99$886,252,169$100,423,880$50,864,127$547,084,784
100$976,467,730$105,162,489$52,385,915$600,053,943