Can I retire at age 57 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,127,026
2 years$600,947$589,755$578,908$568,391$558,190$513,217
3 years$396,652$385,411$374,592$364,174$354,139$310,782
4 years$294,524$283,318$272,607$262,367$252,575$211,164
5 years$233,263$222,125$211,554$201,523$192,003$152,646
6 years$192,436$181,382$170,967$161,159$151,926$114,647
7 years$163,286$152,324$142,074$132,498$123,556$88,345
8 years$141,433$130,570$120,490$111,149$102,502$69,323
9 years$124,445$113,684$103,778$94,674$86,321$55,127
10 years$110,862$100,207$90,476$81,610$73,550$44,282
11 years$99,757$89,209$79,654$71,025$63,256$35,847
12 years$90,509$80,069$70,691$62,299$54,816$29,196
13 years$82,690$72,359$63,158$55,001$47,801$23,894
14 years$75,993$65,772$56,747$48,823$41,902$19,630
15 years$70,195$60,084$51,235$43,542$36,894$16,178
16 years$65,127$55,126$46,452$38,987$32,607$13,366
17 years$60,659$50,769$42,270$35,029$28,911$11,066
18 years$56,692$46,913$38,587$31,569$25,707$9,177
19 years$53,147$43,478$35,324$28,525$22,913$7,621
20 years$49,961$40,402$32,419$25,835$20,466$6,336
21 years$47,081$37,633$29,819$23,447$18,315$5,273
22 years$44,467$35,129$27,483$21,318$16,417$4,392
23 years$42,084$32,856$25,376$19,415$14,737$3,660
24 years$39,903$30,784$23,468$17,708$13,246$3,052
25 years$37,899$28,889$21,736$16,172$11,919$2,546
26 years$36,052$27,151$20,159$14,787$10,736$2,125
27 years$34,345$25,552$18,720$13,535$9,680$1,774
28 years$32,763$24,078$17,402$12,401$8,734$1,481
29 years$31,293$22,714$16,194$11,372$7,887$1,237
30 years$29,923$21,451$15,084$10,436$7,126$1,033
31 years$28,644$20,279$14,063$9,585$6,443$863
32 years$27,447$19,188$13,121$8,809$5,828$721
33 years$26,326$18,171$12,251$8,100$5,274$603
34 years$25,272$17,222$11,447$7,453$4,775$504
35 years$24,281$16,335$10,702$6,861$4,325$421
36 years$23,347$15,504$10,011$6,319$3,919$352
37 years$22,466$14,725$9,370$5,822$3,552$294
38 years$21,633$13,994$8,775$5,366$3,220$246
39 years$20,844$13,307$8,221$4,948$2,920$206
40 years$20,097$12,661$7,706$4,564$2,648$172
41 years$19,388$12,052$7,225$4,211$2,403$144
42 years$18,715$11,478$6,778$3,886$2,180$120
43 years$18,075$10,936$6,360$3,587$1,979$100
44 years$17,466$10,424$5,970$3,312$1,796$84
45 years$16,885$9,941$5,606$3,059$1,631$70
46 years$16,331$9,483$5,265$2,825$1,480$59
47 years$15,803$9,050$4,946$2,610$1,344$49
48 years$15,298$8,639$4,648$2,412$1,221$41
49 years$14,815$8,250$4,369$2,229$1,109$34
50 years$14,352$7,881$4,107$2,060$1,007$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,700,000, adding $5,976 every year, while hoping to spend $51,087 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: 53/39/8 Blend
56$14,700,000$14,700,000$14,700,000$14,700,000
57$16,205,564$15,426,464$15,198,614$17,032,297
58$17,804,176$16,128,005$15,653,412$18,295,182
59$19,564,133$16,862,209$16,121,733$19,662,323
60$21,501,840$17,630,622$16,603,976$21,148,432
61$23,635,372$18,434,867$17,100,553$22,764,762
62$25,984,644$19,276,639$17,611,886$24,523,675
63$28,571,604$20,157,721$18,138,410$26,438,754
64$31,420,434$21,079,976$18,680,574$28,524,924
65$34,557,783$22,045,359$19,238,837$30,798,585
66$38,013,013$23,055,919$19,813,675$33,277,766
67$41,818,483$24,113,801$20,405,576$35,982,284
68$46,009,847$25,221,256$21,015,042$38,933,925
69$50,626,396$26,380,642$21,642,590$42,156,646
70$55,711,424$27,594,429$22,288,752$45,676,787
71$61,312,641$28,865,208$22,954,077$49,523,320
72$67,482,620$30,195,692$23,639,128$53,728,106
73$74,279,293$31,588,727$24,344,485$58,326,195
74$81,766,500$33,047,294$25,070,744$63,356,142
75$90,014,591$34,574,519$25,818,521$68,860,364
76$99,101,085$36,173,677$26,588,448$74,885,531
77$109,111,410$37,848,201$27,381,175$81,482,995
78$120,139,701$39,601,690$28,197,372$88,709,266
79$132,289,694$41,437,916$29,037,727$96,626,532
80$145,675,702$43,360,834$29,902,951$105,303,234
81$160,423,696$45,374,587$30,793,772$114,814,704
82$176,672,491$47,483,519$31,710,941$125,243,857
83$194,575,058$49,692,185$32,655,231$136,681,965
84$214,299,970$52,005,358$33,627,437$149,229,503
85$236,032,987$54,428,041$34,628,376$162,997,082
86$259,978,817$56,965,480$35,658,892$178,106,478
87$286,363,041$59,623,173$36,719,849$194,691,766
88$315,434,247$62,406,884$37,812,140$212,900,568
89$347,466,374$65,322,656$38,936,681$232,895,430
90$382,761,300$68,376,822$40,094,416$254,855,336
91$421,651,690$71,576,023$41,286,315$278,977,379
92$464,504,134$74,927,220$42,513,379$305,478,600
93$511,722,613$78,437,711$43,776,634$334,598,021
94$563,752,307$82,115,146$45,077,139$366,598,870
95$621,083,800$85,967,546$46,415,981$401,771,049
96$684,257,711$90,003,320$47,794,280$440,433,846
97$753,869,798$94,231,282$49,213,188$482,938,920
98$830,576,577$98,660,675$50,673,890$529,673,597
99$915,101,529$103,301,189$52,177,606$581,064,497
100$1,008,241,918$108,162,981$53,725,590$637,581,531