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%15.7%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,121,428
2 years$588,682$577,719$567,093$556,791$546,798$519,902
3 years$388,557$377,546$366,947$356,741$346,911$320,807
4 years$288,513$277,536$267,043$257,012$247,420$222,309
5 years$228,503$217,592$207,237$197,410$188,085$164,037
6 years$188,509$177,680$167,478$157,870$148,825$125,865
7 years$159,953$149,215$139,175$129,794$121,035$99,166
8 years$138,546$127,905$118,031$108,881$100,410$79,624
9 years$121,905$111,364$101,660$92,742$84,560$64,840
10 years$108,600$98,162$88,630$79,945$72,049$53,374
11 years$97,721$87,388$78,028$69,576$61,965$44,309
12 years$88,662$78,435$69,248$61,027$53,697$37,032
13 years$81,002$70,882$61,869$53,878$46,825$31,119
14 years$74,442$64,430$55,589$47,827$41,047$26,266
15 years$68,762$58,858$50,190$42,653$36,141$22,251
16 years$63,797$54,001$45,504$38,191$31,941$18,908
17 years$59,421$49,733$41,407$34,315$28,321$16,107
18 years$55,535$45,955$37,799$30,924$25,182$13,751
19 years$52,063$42,591$34,603$27,943$22,445$11,760
20 years$48,941$39,578$31,757$25,308$20,048$10,073
21 years$46,120$36,865$29,211$22,968$17,941$8,639
22 years$43,560$34,412$26,922$20,883$16,082$7,418
23 years$41,225$32,185$24,858$19,019$14,436$6,375
24 years$39,088$30,155$22,989$17,346$12,975$5,483
25 years$37,125$28,299$21,293$15,842$11,676$4,719
26 years$35,316$26,597$19,748$14,485$10,517$4,064
27 years$33,644$25,031$18,338$13,258$9,482$3,501
28 years$32,094$23,586$17,047$12,147$8,556$3,018
29 years$30,654$22,251$15,864$11,139$7,726$2,602
30 years$29,312$21,014$14,777$10,223$6,981$2,245
31 years$28,059$19,865$13,776$9,389$6,311$1,937
32 years$26,887$18,796$12,853$8,629$5,709$1,672
33 years$25,788$17,800$12,001$7,935$5,167$1,443
34 years$24,756$16,871$11,213$7,301$4,678$1,246
35 years$23,785$16,002$10,483$6,721$4,237$1,076
36 years$22,871$15,188$9,807$6,190$3,839$929
37 years$22,007$14,425$9,179$5,703$3,479$802
38 years$21,191$13,709$8,596$5,257$3,154$693
39 years$20,419$13,036$8,053$4,847$2,860$599
40 years$19,687$12,402$7,548$4,471$2,594$517
41 years$18,993$11,806$7,078$4,125$2,354$447
42 years$18,333$11,244$6,639$3,807$2,136$386
43 years$17,706$10,713$6,230$3,514$1,938$334
44 years$17,109$10,212$5,848$3,245$1,759$288
45 years$16,540$9,738$5,491$2,996$1,597$249
46 years$15,998$9,289$5,157$2,768$1,450$215
47 years$15,480$8,865$4,845$2,557$1,317$186
48 years$14,985$8,463$4,553$2,363$1,196$161
49 years$14,512$8,081$4,280$2,184$1,086$139
50 years$14,059$7,720$4,024$2,018$987$120

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 $3,701 every year, while hoping to spend $42,227 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: 45/32/23 Blend
56$14,400,000$14,400,000$14,400,000$14,400,000
57$15,872,618$15,109,418$14,886,218$16,481,424
58$17,446,695$15,804,850$15,339,977$17,606,690
59$19,179,914$16,532,943$15,807,521$18,821,835
60$21,088,461$17,295,253$16,289,269$20,138,791
61$23,190,174$18,093,410$16,785,649$21,567,052
62$25,504,708$18,929,124$17,297,105$23,117,045
63$28,053,722$19,804,185$17,824,093$24,800,221
64$30,861,084$20,720,472$18,367,081$26,629,156
65$33,953,091$21,679,952$18,926,556$28,617,669
66$37,358,725$22,684,688$19,503,014$30,780,941
67$41,109,920$23,736,843$20,096,970$33,135,658
68$45,241,866$24,838,682$20,708,952$35,700,156
69$49,793,340$25,992,581$21,339,506$38,494,593
70$54,807,074$27,201,031$21,989,192$41,541,127
71$60,330,155$28,466,641$22,658,590$44,864,125
72$66,414,473$29,792,148$23,348,295$48,490,377
73$73,117,206$31,180,421$24,058,919$52,449,348
74$80,501,364$32,634,465$24,791,097$56,773,444
75$88,636,382$34,157,432$25,545,477$61,498,310
76$97,598,774$35,752,628$26,322,732$66,663,159
77$107,472,857$37,423,514$27,123,551$72,311,130
78$118,351,544$39,173,722$27,948,646$78,489,687
79$130,337,227$41,007,060$28,798,751$85,251,058
80$143,542,734$42,927,516$29,674,619$92,652,714
81$158,092,403$44,939,274$30,577,029$100,757,904
82$174,123,250$47,046,721$31,506,781$109,636,235
83$191,786,264$49,254,453$32,464,701$119,364,324
84$211,247,833$51,567,291$33,451,638$130,026,502
85$232,691,312$53,990,288$34,468,468$141,715,600
86$256,318,756$56,528,742$35,516,092$154,533,810
87$282,352,826$59,188,208$36,595,438$168,593,635
88$311,038,893$61,974,508$37,707,464$184,018,936
89$342,647,350$64,893,749$38,853,154$200,946,085
90$377,476,168$67,952,331$40,033,523$219,525,237
91$415,853,708$71,156,966$41,249,617$239,921,727
92$458,141,818$74,514,689$42,502,511$262,317,613
93$504,739,252$78,032,878$43,793,314$286,913,378
94$556,085,435$81,719,268$45,123,169$313,929,801
95$612,664,606$85,581,969$46,493,251$343,610,018
96$675,010,393$89,629,483$47,904,773$376,221,799
97$743,710,852$93,870,726$49,358,982$412,060,048
98$819,414,014$98,315,046$50,857,162$451,449,569
99$902,834,004$102,972,245$52,400,639$494,748,102
100$994,757,787$107,852,599$53,990,774$542,349,676