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%12.4%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,136,758
2 years$588,682$577,719$567,093$556,791$546,798$535,197
3 years$388,557$377,546$366,947$356,741$346,911$335,586
4 years$288,513$277,536$267,043$257,012$247,420$236,459
5 years$228,503$217,592$207,237$197,410$188,085$177,520
6 years$188,509$177,680$167,478$157,870$148,825$138,670
7 years$159,953$149,215$139,175$129,794$121,035$111,293
8 years$138,546$127,905$118,031$108,881$100,410$91,082
9 years$121,905$111,364$101,660$92,742$84,560$75,642
10 years$108,600$98,162$88,630$79,945$72,049$63,535
11 years$97,721$87,388$78,028$69,576$61,965$53,849
12 years$88,662$78,435$69,248$61,027$53,697$45,971
13 years$81,002$70,882$61,869$53,878$46,825$39,479
14 years$74,442$64,430$55,589$47,827$41,047$34,071
15 years$68,762$58,858$50,190$42,653$36,141$29,525
16 years$63,797$54,001$45,504$38,191$31,941$25,674
17 years$59,421$49,733$41,407$34,315$28,321$22,392
18 years$55,535$45,955$37,799$30,924$25,182$19,579
19 years$52,063$42,591$34,603$27,943$22,445$17,156
20 years$48,941$39,578$31,757$25,308$20,048$15,061
21 years$46,120$36,865$29,211$22,968$17,941$13,243
22 years$43,560$34,412$26,922$20,883$16,082$11,661
23 years$41,225$32,185$24,858$19,019$14,436$10,281
24 years$39,088$30,155$22,989$17,346$12,975$9,074
25 years$37,125$28,299$21,293$15,842$11,676$8,016
26 years$35,316$26,597$19,748$14,485$10,517$7,087
27 years$33,644$25,031$18,338$13,258$9,482$6,270
28 years$32,094$23,586$17,047$12,147$8,556$5,551
29 years$30,654$22,251$15,864$11,139$7,726$4,918
30 years$29,312$21,014$14,777$10,223$6,981$4,358
31 years$28,059$19,865$13,776$9,389$6,311$3,864
32 years$26,887$18,796$12,853$8,629$5,709$3,428
33 years$25,788$17,800$12,001$7,935$5,167$3,041
34 years$24,756$16,871$11,213$7,301$4,678$2,699
35 years$23,785$16,002$10,483$6,721$4,237$2,397
36 years$22,871$15,188$9,807$6,190$3,839$2,128
37 years$22,007$14,425$9,179$5,703$3,479$1,890
38 years$21,191$13,709$8,596$5,257$3,154$1,679
39 years$20,419$13,036$8,053$4,847$2,860$1,492
40 years$19,687$12,402$7,548$4,471$2,594$1,326
41 years$18,993$11,806$7,078$4,125$2,354$1,178
42 years$18,333$11,244$6,639$3,807$2,136$1,047
43 years$17,706$10,713$6,230$3,514$1,938$931
44 years$17,109$10,212$5,848$3,245$1,759$828
45 years$16,540$9,738$5,491$2,996$1,597$736
46 years$15,998$9,289$5,157$2,768$1,450$654
47 years$15,480$8,865$4,845$2,557$1,317$582
48 years$14,985$8,463$4,553$2,363$1,196$517
49 years$14,512$8,081$4,280$2,184$1,086$460
50 years$14,059$7,720$4,024$2,018$987$409

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 $4,570 every year, while hoping to spend $55,532 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: 27/45/28 Blend
56$14,400,000$14,400,000$14,400,000$14,400,000
57$15,873,514$15,110,314$14,887,114$16,163,584
58$17,433,527$15,791,634$15,326,747$17,080,350
59$19,150,800$16,504,477$15,779,246$18,058,859
60$21,041,315$17,250,330$16,244,984$19,108,332
61$23,122,682$18,030,749$16,724,344$20,234,852
62$25,414,306$18,847,366$17,217,720$21,445,080
63$27,937,568$19,701,890$17,725,517$22,746,300
64$30,716,030$20,596,113$18,248,152$24,146,490
65$33,775,653$21,531,911$18,786,053$25,654,383
66$37,145,046$22,511,250$19,339,661$27,279,549
67$40,855,731$23,536,191$19,909,430$29,032,470
68$44,942,445$24,608,895$20,495,826$30,924,637
69$49,443,466$25,731,622$21,099,328$32,968,646
70$54,400,974$26,906,746$21,720,430$35,178,308
71$59,861,447$28,136,750$22,359,638$37,568,774
72$65,876,103$29,424,239$23,017,474$40,156,663
73$72,501,380$30,771,942$23,694,474$42,960,211
74$79,799,472$32,182,718$24,391,190$45,999,433
75$87,838,913$33,659,566$25,108,189$49,296,299
76$96,695,223$35,205,625$25,846,055$52,874,932
77$106,451,624$36,824,189$26,605,386$56,761,822
78$117,199,823$38,518,708$27,386,800$60,986,062
79$129,040,877$40,292,797$28,190,930$65,579,611
80$142,086,149$42,150,247$29,018,428$70,577,583
81$156,458,356$44,095,029$29,869,966$76,018,559
82$172,292,731$46,131,307$30,746,232$81,944,942
83$189,738,293$48,263,446$31,647,935$88,403,336
84$208,959,262$50,496,017$32,575,804$95,444,974
85$230,136,601$52,833,816$33,530,587$103,126,178
86$253,469,729$55,281,868$34,513,056$111,508,880
87$279,178,400$57,845,438$35,524,003$120,661,181
88$307,504,781$60,530,048$36,564,240$130,657,976
89$338,715,733$63,341,485$37,634,607$141,581,643
90$373,105,334$66,285,815$38,735,963$153,522,793
91$410,997,654$69,369,395$39,869,194$166,581,108
92$452,749,811$72,598,892$41,035,208$180,866,256
93$498,755,345$75,981,291$42,234,941$196,498,898
94$549,447,933$79,523,917$43,469,354$213,611,806
95$605,305,481$83,234,448$44,739,436$232,351,089
96$666,854,635$87,120,931$46,046,202$252,877,536
97$734,675,755$91,191,803$47,390,697$275,368,114
98$809,408,390$95,455,909$48,773,993$300,017,599
99$891,757,318$99,922,522$50,197,195$327,040,390
100$982,499,200$104,601,361$51,661,436$356,672,488