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

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,112,856
2 years$588,682$577,719$567,093$556,791$546,798$511,423
3 years$388,557$377,546$366,947$356,741$346,911$312,690
4 years$288,513$277,536$267,043$257,012$247,420$214,615
5 years$228,503$217,592$207,237$197,410$188,085$156,785
6 years$188,509$177,680$167,478$157,870$148,825$119,057
7 years$159,953$149,215$139,175$129,794$121,035$92,797
8 years$138,546$127,905$118,031$108,881$100,410$73,685
9 years$121,905$111,364$101,660$92,742$84,560$59,317
10 years$108,600$98,162$88,630$79,945$72,049$48,253
11 years$97,721$87,388$78,028$69,576$61,965$39,572
12 years$88,662$78,435$69,248$61,027$53,697$32,662
13 years$81,002$70,882$61,869$53,878$46,825$27,098
14 years$74,442$64,430$55,589$47,827$41,047$22,575
15 years$68,762$58,858$50,190$42,653$36,141$18,871
16 years$63,797$54,001$45,504$38,191$31,941$15,818
17 years$59,421$49,733$41,407$34,315$28,321$13,290
18 years$55,535$45,955$37,799$30,924$25,182$11,188
19 years$52,063$42,591$34,603$27,943$22,445$9,433
20 years$48,941$39,578$31,757$25,308$20,048$7,964
21 years$46,120$36,865$29,211$22,968$17,941$6,731
22 years$43,560$34,412$26,922$20,883$16,082$5,694
23 years$41,225$32,185$24,858$19,019$14,436$4,821
24 years$39,088$30,155$22,989$17,346$12,975$4,085
25 years$37,125$28,299$21,293$15,842$11,676$3,462
26 years$35,316$26,597$19,748$14,485$10,517$2,936
27 years$33,644$25,031$18,338$13,258$9,482$2,491
28 years$32,094$23,586$17,047$12,147$8,556$2,115
29 years$30,654$22,251$15,864$11,139$7,726$1,795
30 years$29,312$21,014$14,777$10,223$6,981$1,524
31 years$28,059$19,865$13,776$9,389$6,311$1,295
32 years$26,887$18,796$12,853$8,629$5,709$1,100
33 years$25,788$17,800$12,001$7,935$5,167$934
34 years$24,756$16,871$11,213$7,301$4,678$794
35 years$23,785$16,002$10,483$6,721$4,237$675
36 years$22,871$15,188$9,807$6,190$3,839$574
37 years$22,007$14,425$9,179$5,703$3,479$487
38 years$21,191$13,709$8,596$5,257$3,154$414
39 years$20,419$13,036$8,053$4,847$2,860$352
40 years$19,687$12,402$7,548$4,471$2,594$299
41 years$18,993$11,806$7,078$4,125$2,354$255
42 years$18,333$11,244$6,639$3,807$2,136$216
43 years$17,706$10,713$6,230$3,514$1,938$184
44 years$17,109$10,212$5,848$3,245$1,759$156
45 years$16,540$9,738$5,491$2,996$1,597$133
46 years$15,998$9,289$5,157$2,768$1,450$113
47 years$15,480$8,865$4,845$2,557$1,317$96
48 years$14,985$8,463$4,553$2,363$1,196$82
49 years$14,512$8,081$4,280$2,184$1,086$70
50 years$14,059$7,720$4,024$2,018$987$59

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 $5,561 every year, while hoping to spend $51,808 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: 76/13/11 Blend
56$14,400,000$14,400,000$14,400,000$14,400,000
57$15,874,536$15,111,336$14,888,136$17,048,030
58$17,438,616$15,796,668$15,331,765$18,507,200
59$19,160,495$16,513,845$15,788,520$20,099,188
60$21,056,214$17,264,373$16,258,785$21,842,859
61$23,143,450$18,049,829$16,742,956$23,753,278
62$25,441,678$18,871,867$17,241,441$25,847,029
63$27,972,359$19,732,218$17,754,659$28,142,369
64$30,759,143$20,632,700$18,283,043$30,659,401
65$33,828,086$21,575,213$18,827,036$33,420,260
66$37,207,905$22,561,752$19,387,095$36,449,319
67$40,930,239$23,594,407$19,963,691$39,773,417
68$45,029,957$24,675,366$20,557,308$43,422,109
69$49,545,478$25,806,924$21,168,443$47,427,943
70$54,519,139$26,991,486$21,797,609$51,826,763
71$59,997,595$28,231,572$22,445,332$56,658,047
72$66,032,254$29,529,824$23,112,156$61,965,273
73$72,679,769$30,889,010$23,798,637$67,796,329
74$80,002,565$32,312,031$24,505,351$74,203,960
75$88,069,434$33,801,928$25,232,888$81,246,261
76$96,956,182$35,361,888$25,981,855$88,987,226
77$106,746,343$36,995,251$26,752,878$97,497,343
78$117,531,971$38,705,520$27,546,601$106,854,260
79$129,414,504$40,496,362$28,363,684$117,143,509
80$142,505,726$42,371,626$29,204,809$128,459,313
81$156,928,816$44,335,342$30,070,677$140,905,469
82$172,819,518$46,391,736$30,962,007$154,596,322
83$190,327,417$48,545,239$31,879,542$169,657,840
84$209,617,351$50,800,493$32,824,044$186,228,801
85$230,870,969$53,162,366$33,796,298$204,462,091
86$254,288,444$55,635,959$34,797,111$224,526,147
87$280,090,365$58,226,620$35,827,313$246,606,541
88$308,519,812$60,939,954$36,887,759$270,907,720
89$339,844,661$63,781,840$37,979,326$297,654,936
90$374,360,103$66,758,437$39,102,920$327,096,360
91$412,391,435$69,876,202$40,259,470$359,505,424
92$454,297,131$73,141,906$41,449,932$395,183,388
93$500,472,224$76,562,645$42,675,290$434,462,179
94$551,352,036$80,145,859$43,936,557$477,707,519
95$607,416,284$83,899,347$45,234,773$525,322,364
96$669,193,616$87,831,286$46,571,009$577,750,702
97$737,266,594$91,950,247$47,946,366$635,481,737
98$812,277,194$96,265,217$49,361,977$699,054,491
99$894,932,872$100,785,617$50,819,008$769,062,890
100$986,013,237$105,521,324$52,318,656$846,161,355