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%14.9%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,140,718
2 years$596,859$585,743$574,970$564,524$554,393$530,813
3 years$393,953$382,789$372,043$361,696$351,729$328,813
4 years$292,520$281,391$270,752$260,582$250,856$228,779
5 years$231,677$220,614$210,115$200,152$190,697$169,522
6 years$191,127$180,148$169,804$160,063$150,892$130,641
7 years$162,175$151,288$141,108$131,597$122,716$103,394
8 years$140,471$129,682$119,671$110,393$101,804$83,407
9 years$123,598$112,911$103,072$94,030$85,734$68,248
10 years$110,108$99,526$89,861$81,055$73,050$56,458
11 years$99,078$88,602$79,112$70,542$62,825$47,107
12 years$89,893$79,524$70,210$61,875$54,443$39,576
13 years$82,127$71,867$62,728$54,626$47,475$33,434
14 years$75,476$65,325$56,361$48,491$41,617$28,375
15 years$69,718$59,675$50,887$43,246$36,643$24,172
16 years$64,684$54,751$46,136$38,722$32,385$20,656
17 years$60,246$50,424$41,982$34,791$28,715$17,699
18 years$56,307$46,594$38,324$31,354$25,532$15,198
19 years$52,786$43,183$35,084$28,331$22,757$13,076
20 years$49,621$40,127$32,198$25,659$20,327$11,268
21 years$46,761$37,377$29,616$23,287$18,190$9,723
22 years$44,165$34,890$27,296$21,173$16,305$8,400
23 years$41,798$32,632$25,203$19,283$14,636$7,264
24 years$39,631$30,574$23,309$17,587$13,155$6,287
25 years$37,641$28,692$21,588$16,062$11,838$5,446
26 years$35,807$26,966$20,022$14,686$10,663$4,720
27 years$34,112$25,378$18,592$13,442$9,614$4,093
28 years$32,540$23,914$17,284$12,316$8,675$3,551
29 years$31,080$22,560$16,084$11,294$7,833$3,082
30 years$29,719$21,305$14,982$10,365$7,078$2,676
31 years$28,449$20,141$13,967$9,520$6,399$2,325
32 years$27,261$19,057$13,032$8,749$5,788$2,020
33 years$26,146$18,047$12,168$8,045$5,238$1,755
34 years$25,100$17,105$11,369$7,402$4,743$1,525
35 years$24,116$16,224$10,629$6,814$4,296$1,326
36 years$23,188$15,399$9,943$6,276$3,892$1,153
37 years$22,313$14,625$9,307$5,782$3,528$1,002
38 years$21,485$13,899$8,715$5,330$3,198$872
39 years$20,702$13,217$8,165$4,914$2,900$758
40 years$19,961$12,575$7,653$4,533$2,630$660
41 years$19,257$11,970$7,176$4,182$2,386$574
42 years$18,588$11,400$6,732$3,859$2,165$499
43 years$17,952$10,862$6,317$3,563$1,965$434
44 years$17,347$10,353$5,929$3,290$1,784$378
45 years$16,770$9,873$5,567$3,038$1,619$329
46 years$16,220$9,418$5,229$2,806$1,470$286
47 years$15,695$8,988$4,913$2,593$1,335$249
48 years$15,193$8,580$4,617$2,396$1,213$217
49 years$14,714$8,194$4,339$2,214$1,101$188
50 years$14,255$7,827$4,080$2,046$1,000$164

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 $5,648 every year, while hoping to spend $42,783 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: 46/38/16 Blend
56$14,600,000$14,600,000$14,600,000$14,600,000
57$16,095,026$15,321,226$15,094,926$16,761,922
58$17,691,198$16,026,445$15,555,085$17,931,900
59$19,448,745$16,764,786$16,029,226$19,195,659
60$21,384,084$17,537,827$16,517,771$20,565,761
61$23,515,301$18,347,221$17,021,157$22,052,106
62$25,862,328$19,194,702$17,539,833$23,665,564
63$28,447,129$20,082,086$18,074,261$25,418,068
64$31,293,905$21,011,277$18,624,917$27,322,726
65$34,429,326$21,984,272$19,192,294$29,393,932
66$37,882,777$23,003,161$19,776,896$31,647,502
67$41,686,643$24,070,139$20,379,245$34,100,811
68$45,876,608$25,187,503$20,999,877$36,772,953
69$50,491,994$26,357,662$21,639,345$39,684,915
70$55,576,132$27,583,143$22,298,218$42,859,761
71$61,176,772$28,866,591$22,977,082$46,322,850
72$67,346,532$30,210,783$23,676,543$50,102,061
73$74,143,393$31,618,626$24,397,222$54,228,049
74$81,631,251$33,093,171$25,139,761$58,734,525
75$89,880,515$34,637,612$25,904,820$63,658,565
76$98,968,774$36,255,303$26,693,078$69,040,947
77$108,981,530$37,949,754$27,505,237$74,926,532
78$120,013,003$39,724,648$28,342,019$81,364,668
79$132,167,019$41,583,846$29,204,167$88,409,649
80$145,557,995$43,531,394$30,092,446$96,121,215
81$160,312,014$45,571,535$31,007,646$104,565,102
82$176,568,016$47,708,717$31,950,579$113,813,649
83$194,479,111$49,947,602$32,922,082$123,946,468
84$214,214,025$52,293,080$33,923,016$135,051,180
85$235,958,689$54,750,274$34,954,270$147,224,227
86$259,917,996$57,324,558$36,016,759$160,571,768
87$286,317,735$60,021,564$37,111,423$175,210,660
88$315,406,722$62,847,199$38,239,235$191,269,549
89$347,459,151$65,807,655$39,401,192$208,890,062
90$382,777,176$68,909,422$40,598,324$228,228,126
91$421,693,772$72,159,308$41,831,692$249,455,420
92$464,575,871$75,564,448$43,102,387$272,760,976
93$511,827,827$79,132,323$44,411,535$298,352,936
94$563,895,238$82,870,779$45,760,294$326,460,503
95$621,269,145$86,788,040$47,149,856$357,336,071
96$684,490,673$90,892,729$48,581,452$391,257,588
97$754,156,137$95,193,889$50,056,346$428,531,153
98$830,922,672$99,700,999$51,575,843$469,493,874
99$915,514,437$104,423,999$53,141,285$514,517,026
100$1,008,729,447$109,373,313$54,754,056$564,009,525