Can I retire at age 57 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,110,630
2 years$588,682$577,719$567,093$556,791$546,798$509,230
3 years$388,557$377,546$366,947$356,741$346,911$310,600
4 years$288,513$277,536$267,043$257,012$247,420$212,643
5 years$228,503$217,592$207,237$197,410$188,085$154,936
6 years$188,509$177,680$167,478$157,870$148,825$117,331
7 years$159,953$149,215$139,175$129,794$121,035$91,191
8 years$138,546$127,905$118,031$108,881$100,410$72,196
9 years$121,905$111,364$101,660$92,742$84,560$57,942
10 years$108,600$98,162$88,630$79,945$72,049$46,986
11 years$97,721$87,388$78,028$69,576$61,965$38,409
12 years$88,662$78,435$69,248$61,027$53,697$31,597
13 years$81,002$70,882$61,869$53,878$46,825$26,125
14 years$74,442$64,430$55,589$47,827$41,047$21,689
15 years$68,762$58,858$50,190$42,653$36,141$18,067
16 years$63,797$54,001$45,504$38,191$31,941$15,090
17 years$59,421$49,733$41,407$34,315$28,321$12,632
18 years$55,535$45,955$37,799$30,924$25,182$10,594
19 years$52,063$42,591$34,603$27,943$22,445$8,898
20 years$48,941$39,578$31,757$25,308$20,048$7,484
21 years$46,120$36,865$29,211$22,968$17,941$6,301
22 years$43,560$34,412$26,922$20,883$16,082$5,310
23 years$41,225$32,185$24,858$19,019$14,436$4,478
24 years$39,088$30,155$22,989$17,346$12,975$3,779
25 years$37,125$28,299$21,293$15,842$11,676$3,190
26 years$35,316$26,597$19,748$14,485$10,517$2,695
27 years$33,644$25,031$18,338$13,258$9,482$2,277
28 years$32,094$23,586$17,047$12,147$8,556$1,925
29 years$30,654$22,251$15,864$11,139$7,726$1,627
30 years$29,312$21,014$14,777$10,223$6,981$1,376
31 years$28,059$19,865$13,776$9,389$6,311$1,164
32 years$26,887$18,796$12,853$8,629$5,709$985
33 years$25,788$17,800$12,001$7,935$5,167$833
34 years$24,756$16,871$11,213$7,301$4,678$705
35 years$23,785$16,002$10,483$6,721$4,237$597
36 years$22,871$15,188$9,807$6,190$3,839$505
37 years$22,007$14,425$9,179$5,703$3,479$427
38 years$21,191$13,709$8,596$5,257$3,154$362
39 years$20,419$13,036$8,053$4,847$2,860$306
40 years$19,687$12,402$7,548$4,471$2,594$259
41 years$18,993$11,806$7,078$4,125$2,354$220
42 years$18,333$11,244$6,639$3,807$2,136$186
43 years$17,706$10,713$6,230$3,514$1,938$157
44 years$17,109$10,212$5,848$3,245$1,759$133
45 years$16,540$9,738$5,491$2,996$1,597$113
46 years$15,998$9,289$5,157$2,768$1,450$95
47 years$15,480$8,865$4,845$2,557$1,317$81
48 years$14,985$8,463$4,553$2,363$1,196$68
49 years$14,512$8,081$4,280$2,184$1,086$58
50 years$14,059$7,720$4,024$2,018$987$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,400,000, adding $4,074 every year, while hoping to spend $39,695 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: 38/45/17 Blend
56$14,400,000$14,400,000$14,400,000$14,400,000
57$15,873,002$15,109,802$14,886,602$16,394,783
58$17,449,813$15,807,947$15,343,068$17,467,935
59$19,186,129$16,538,971$15,813,496$18,622,854
60$21,098,176$17,304,443$16,298,310$19,870,155
61$23,203,837$18,106,007$16,797,950$21,218,178
62$25,522,814$18,945,388$17,312,867$22,676,068
63$28,076,822$19,824,392$17,843,529$24,253,853
64$30,889,784$20,744,914$18,390,414$25,962,530
65$33,988,066$21,708,939$18,954,017$27,814,163
66$37,400,720$22,718,549$19,534,848$29,821,991
67$41,159,760$23,775,924$20,133,431$32,000,542
68$45,300,463$24,883,351$20,750,309$34,365,764
69$49,861,703$26,043,229$21,386,037$36,935,164
70$54,886,319$27,258,069$22,041,191$39,727,969
71$60,421,515$28,530,506$22,716,363$42,765,294
72$66,519,311$29,863,301$23,412,162$46,070,334
73$73,237,027$31,259,350$24,129,216$49,668,569
74$80,637,832$32,721,687$24,868,173$53,587,998
75$88,791,334$34,253,492$25,629,700$57,859,389
76$97,774,239$35,858,103$26,414,484$62,516,559
77$107,671,076$37,539,014$27,223,233$67,596,681
78$118,574,991$39,299,891$28,056,677$73,140,618
79$130,588,632$41,144,578$28,915,568$79,193,302
80$143,825,113$43,077,102$29,800,680$85,804,138
81$158,409,083$45,101,688$30,712,811$93,027,459
82$174,477,902$47,222,764$31,652,783$100,923,021
83$192,182,941$49,444,972$32,621,443$109,556,551
84$211,691,004$51,773,179$33,619,665$119,000,353
85$233,185,911$54,212,489$34,648,348$129,333,968
86$256,870,224$56,768,251$35,708,418$140,644,912
87$282,967,166$59,446,075$36,800,830$153,029,477
88$311,722,727$62,251,842$37,926,567$166,593,621
89$343,407,981$65,191,719$39,086,643$181,453,951
90$378,321,652$68,272,169$40,282,102$197,738,794
91$416,792,927$71,499,973$41,514,020$215,589,391
92$459,184,571$74,882,236$42,783,504$235,161,201
93$505,896,343$78,426,412$44,091,698$256,625,348
94$557,368,777$82,140,313$45,439,777$280,170,204
95$614,087,336$86,032,132$46,828,953$306,003,142
96$676,586,996$90,110,459$48,260,475$334,352,464
97$745,457,299$94,384,300$49,735,630$365,469,524
98$821,347,913$98,863,100$51,255,743$399,631,068
99$904,974,770$103,556,762$52,822,180$437,141,815
100$997,126,821$108,475,668$54,436,347$478,337,294