Can I retire at age 57 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,120,689
2 years$596,859$585,743$574,970$564,524$554,393$511,030
3 years$393,953$382,789$372,043$361,696$351,729$309,904
4 years$292,520$281,391$270,752$260,582$250,856$210,886
5 years$231,677$220,614$210,115$200,152$190,697$152,686
6 years$191,127$180,148$169,804$160,063$150,892$114,867
7 years$162,175$151,288$141,108$131,597$122,716$88,666
8 years$140,471$129,682$119,671$110,393$101,804$69,700
9 years$123,598$112,911$103,072$94,030$85,734$55,529
10 years$110,108$99,526$89,861$81,055$73,050$44,690
11 years$99,078$88,602$79,112$70,542$62,825$36,248
12 years$89,893$79,524$70,210$61,875$54,443$29,582
13 years$82,127$71,867$62,728$54,626$47,475$24,260
14 years$75,476$65,325$56,361$48,491$41,617$19,973
15 years$69,718$59,675$50,887$43,246$36,643$16,495
16 years$64,684$54,751$46,136$38,722$32,385$13,658
17 years$60,246$50,424$41,982$34,791$28,715$11,333
18 years$56,307$46,594$38,324$31,354$25,532$9,419
19 years$52,786$43,183$35,084$28,331$22,757$7,840
20 years$49,621$40,127$32,198$25,659$20,327$6,534
21 years$46,761$37,377$29,616$23,287$18,190$5,450
22 years$44,165$34,890$27,296$21,173$16,305$4,550
23 years$41,798$32,632$25,203$19,283$14,636$3,801
24 years$39,631$30,574$23,309$17,587$13,155$3,177
25 years$37,641$28,692$21,588$16,062$11,838$2,657
26 years$35,807$26,966$20,022$14,686$10,663$2,222
27 years$34,112$25,378$18,592$13,442$9,614$1,860
28 years$32,540$23,914$17,284$12,316$8,675$1,557
29 years$31,080$22,560$16,084$11,294$7,833$1,303
30 years$29,719$21,305$14,982$10,365$7,078$1,091
31 years$28,449$20,141$13,967$9,520$6,399$914
32 years$27,261$19,057$13,032$8,749$5,788$766
33 years$26,146$18,047$12,168$8,045$5,238$641
34 years$25,100$17,105$11,369$7,402$4,743$537
35 years$24,116$16,224$10,629$6,814$4,296$450
36 years$23,188$15,399$9,943$6,276$3,892$377
37 years$22,313$14,625$9,307$5,782$3,528$316
38 years$21,485$13,899$8,715$5,330$3,198$265
39 years$20,702$13,217$8,165$4,914$2,900$222
40 years$19,961$12,575$7,653$4,533$2,630$186
41 years$19,257$11,970$7,176$4,182$2,386$156
42 years$18,588$11,400$6,732$3,859$2,165$131
43 years$17,952$10,862$6,317$3,563$1,965$110
44 years$17,347$10,353$5,929$3,290$1,784$92
45 years$16,770$9,873$5,567$3,038$1,619$77
46 years$16,220$9,418$5,229$2,806$1,470$65
47 years$15,695$8,988$4,913$2,593$1,335$54
48 years$15,193$8,580$4,617$2,396$1,213$45
49 years$14,714$8,194$4,339$2,214$1,101$38
50 years$14,255$7,827$4,080$2,046$1,000$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,600,000, adding $3,527 every year, while hoping to spend $44,822 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: 69/22/9 Blend
56$14,600,000$14,600,000$14,600,000$14,600,000
57$16,092,838$15,319,038$15,092,738$17,175,545
58$17,686,617$16,021,981$15,550,655$18,596,561
59$19,441,460$16,757,865$16,022,409$20,144,742
60$21,373,747$17,528,259$16,508,418$21,837,143
61$23,501,528$18,334,803$17,009,109$23,687,906
62$25,844,695$19,179,219$17,524,925$25,712,595
63$28,425,164$20,063,311$18,056,320$27,928,334
64$31,267,087$20,988,969$18,603,763$30,353,966
65$34,397,076$21,958,175$19,167,736$33,010,231
66$37,844,458$22,973,006$19,748,735$35,919,952
67$41,641,547$24,035,638$20,347,272$39,108,252
68$45,823,954$25,148,353$20,963,874$42,602,784
69$50,430,917$26,313,542$21,599,084$46,433,985
70$55,505,678$27,533,713$22,253,461$50,635,368
71$61,095,885$28,811,493$22,927,580$55,243,822
72$67,254,045$30,149,635$23,622,033$60,299,964
73$74,038,018$31,551,028$24,337,432$65,848,513
74$81,511,564$33,018,696$25,074,404$71,938,707
75$89,744,944$34,555,813$25,833,597$78,624,765
76$98,815,584$36,165,704$26,615,678$85,966,388
77$108,808,804$37,851,854$27,421,334$94,029,321
78$119,818,625$39,617,917$28,251,271$102,885,965
79$131,948,654$41,467,724$29,106,218$112,616,053
80$145,313,064$43,405,290$29,986,923$123,307,396
81$160,037,672$45,434,825$30,894,161$135,056,706
82$176,261,124$47,560,741$31,828,725$147,970,501
83$194,136,206$49,787,665$32,791,435$162,166,098
84$213,831,285$52,120,446$33,783,134$177,772,718
85$235,531,897$54,564,169$34,804,690$194,932,695
86$259,442,501$57,124,163$35,856,997$213,802,808
87$285,788,406$59,806,018$36,940,977$234,555,754
88$314,817,901$62,615,590$38,057,577$257,381,766
89$346,804,596$65,559,023$39,207,775$282,490,400
90$382,050,004$68,642,754$40,392,575$310,112,502
91$420,886,391$71,873,536$41,613,012$340,502,374
92$463,679,910$75,258,445$42,870,155$373,940,164
93$510,834,054$78,804,903$44,165,099$410,734,497
94$562,793,474$82,520,690$45,498,976$451,225,374
95$620,048,167$86,413,962$46,872,950$495,787,373
96$683,138,105$90,493,271$48,288,219$544,833,163
97$752,658,335$94,767,585$49,746,018$598,817,390
98$829,264,594$99,246,305$51,247,618$658,240,951
99$913,679,496$103,939,288$52,794,327$723,655,706
100$1,006,699,361$108,856,870$54,387,493$795,669,670