Can I retire at age 57 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,125,586
2 years$584,594$573,707$563,155$552,924$543,001$528,196
3 years$385,858$374,924$364,399$354,264$344,502$330,068
4 years$286,510$275,609$265,189$255,227$245,702$231,750
5 years$226,916$216,081$205,797$196,039$186,779$173,350
6 years$187,200$176,446$166,315$156,774$147,792$134,902
7 years$158,843$148,179$138,208$128,893$120,194$107,848
8 years$137,584$127,017$117,212$108,125$99,713$87,909
9 years$121,058$110,591$100,954$92,098$83,972$72,706
10 years$107,846$97,481$88,014$79,390$71,549$60,812
11 years$97,042$86,781$77,486$69,093$61,534$51,317
12 years$88,046$77,890$68,767$60,604$53,324$43,615
13 years$80,440$70,390$61,439$53,504$46,500$37,286
14 years$73,925$63,982$55,203$47,495$40,761$32,029
15 years$68,285$58,449$49,841$42,357$35,890$27,624
16 years$63,354$53,626$45,188$37,926$31,719$23,906
17 years$59,008$49,388$41,120$34,076$28,125$20,747
18 years$55,150$45,636$37,537$30,710$25,007$18,050
19 years$51,701$42,295$34,363$27,749$22,289$15,736
20 years$48,601$39,303$31,537$25,132$19,909$13,744
21 years$45,800$36,609$29,008$22,809$17,817$12,022
22 years$43,257$34,173$26,735$20,738$15,970$10,530
23 years$40,939$31,961$24,685$18,887$14,336$9,234
24 years$38,817$29,946$22,830$17,226$12,885$8,106
25 years$36,868$28,103$21,145$15,732$11,595$7,121
26 years$35,071$26,412$19,611$14,384$10,444$6,262
27 years$33,411$24,857$18,210$13,166$9,416$5,509
28 years$31,872$23,422$16,929$12,063$8,496$4,850
29 years$30,441$22,096$15,754$11,062$7,672$4,272
30 years$29,109$20,868$14,674$10,152$6,932$3,765
31 years$27,864$19,727$13,680$9,324$6,267$3,319
32 years$26,700$18,666$12,764$8,569$5,669$2,927
33 years$25,609$17,677$11,918$7,880$5,131$2,582
34 years$24,584$16,753$11,135$7,250$4,645$2,278
35 years$23,620$15,890$10,411$6,674$4,207$2,011
36 years$22,712$15,082$9,739$6,147$3,812$1,775
37 years$21,854$14,325$9,115$5,663$3,455$1,567
38 years$21,044$13,614$8,536$5,220$3,132$1,384
39 years$20,277$12,945$7,997$4,813$2,840$1,222
40 years$19,550$12,316$7,496$4,440$2,576$1,080
41 years$18,861$11,724$7,029$4,096$2,337$954
42 years$18,206$11,165$6,593$3,780$2,121$843
43 years$17,583$10,638$6,187$3,490$1,925$745
44 years$16,990$10,141$5,808$3,222$1,747$658
45 years$16,426$9,670$5,453$2,976$1,586$581
46 years$15,887$9,225$5,122$2,749$1,440$514
47 years$15,373$8,803$4,812$2,539$1,308$454
48 years$14,881$8,404$4,522$2,346$1,188$401
49 years$14,411$8,025$4,250$2,169$1,079$355
50 years$13,962$7,666$3,996$2,004$980$314

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,300,000, adding $2,183 every year, while hoping to spend $28,611 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: 36/45/19 Blend
56$14,300,000$14,300,000$14,300,000$14,300,000
57$15,760,852$15,002,952$14,781,302$16,237,172
58$17,338,017$15,707,655$15,246,033$17,288,907
59$19,075,094$16,445,929$15,725,375$18,420,730
60$20,988,363$17,219,389$16,219,785$19,642,024
61$23,095,766$18,029,729$16,729,738$20,960,797
62$25,417,072$18,878,723$17,255,721$22,385,826
63$27,974,065$19,768,233$17,798,240$23,926,732
64$30,790,751$20,700,208$18,357,813$25,594,060
65$33,893,585$21,676,695$18,934,976$27,399,377
66$37,311,716$22,699,839$19,530,284$29,355,368
67$41,077,268$23,771,888$20,144,305$31,475,951
68$45,225,638$24,895,199$20,777,628$33,776,397
69$49,795,835$26,072,245$21,430,860$36,273,467
70$54,830,842$27,305,618$22,104,626$38,985,560
71$60,378,030$28,598,034$22,799,572$41,932,879
72$66,489,595$29,952,344$23,516,364$45,137,608
73$73,223,059$31,371,535$24,255,688$48,624,111
74$80,641,810$32,858,739$25,018,253$52,419,153
75$88,815,699$34,417,241$25,804,788$56,552,139
76$97,821,699$36,050,485$26,616,048$61,055,381
77$107,744,636$37,762,082$27,452,809$65,964,388
78$118,677,984$39,555,819$28,315,873$71,318,187
79$130,724,750$41,435,666$29,206,066$77,159,681
80$143,998,447$43,405,786$30,124,242$83,536,035
81$158,624,164$45,470,545$31,071,279$90,499,107
82$174,739,747$47,634,520$32,048,086$98,105,924
83$192,497,101$49,902,512$33,055,596$106,419,198
84$212,063,623$52,279,552$34,094,777$115,507,905
85$233,623,783$54,770,920$35,166,622$125,447,915
86$257,380,863$57,382,150$36,272,158$136,322,687
87$283,558,880$60,119,045$37,412,445$148,224,043
88$312,404,698$62,987,690$38,588,574$161,253,004
89$344,190,359$65,994,468$39,801,672$175,520,729
90$379,215,648$69,146,070$41,052,901$191,149,536
91$417,810,930$72,449,513$42,343,459$208,274,036
92$460,340,262$75,912,156$43,674,582$227,042,373
93$507,204,833$79,541,717$45,047,545$247,617,601
94$558,846,752$83,346,286$46,463,663$270,179,191
95$615,753,217$87,334,351$47,924,293$294,924,697
96$678,461,122$91,514,810$49,430,833$322,071,591
97$747,562,116$95,896,996$50,984,725$351,859,281
98$823,708,197$100,490,694$52,587,459$384,551,340
99$907,617,863$105,306,168$54,240,569$420,437,956
100$1,000,082,895$110,354,180$55,945,638$459,838,636