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

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,130,158
2 years$600,947$589,755$578,908$568,391$558,190$516,290
3 years$396,652$385,411$374,592$364,174$354,139$313,696
4 years$294,524$283,318$272,607$262,367$252,575$213,898
5 years$233,263$222,125$211,554$201,523$192,003$155,194
6 years$192,436$181,382$170,967$161,159$151,926$117,011
7 years$163,286$152,324$142,074$132,498$123,556$90,528
8 years$141,433$130,570$120,490$111,149$102,502$71,332
9 years$124,445$113,684$103,778$94,674$86,321$56,969
10 years$110,862$100,207$90,476$81,610$73,550$45,965
11 years$99,757$89,209$79,654$71,025$63,256$37,380
12 years$90,509$80,069$70,691$62,299$54,816$30,587
13 years$82,690$72,359$63,158$55,001$47,801$25,153
14 years$75,993$65,772$56,747$48,823$41,902$20,766
15 years$70,195$60,084$51,235$43,542$36,894$17,199
16 years$65,127$55,126$46,452$38,987$32,607$14,282
17 years$60,659$50,769$42,270$35,029$28,911$11,886
18 years$56,692$46,913$38,587$31,569$25,707$9,909
19 years$53,147$43,478$35,324$28,525$22,913$8,273
20 years$49,961$40,402$32,419$25,835$20,466$6,915
21 years$47,081$37,633$29,819$23,447$18,315$5,786
22 years$44,467$35,129$27,483$21,318$16,417$4,846
23 years$42,084$32,856$25,376$19,415$14,737$4,061
24 years$39,903$30,784$23,468$17,708$13,246$3,405
25 years$37,899$28,889$21,736$16,172$11,919$2,856
26 years$36,052$27,151$20,159$14,787$10,736$2,397
27 years$34,345$25,552$18,720$13,535$9,680$2,013
28 years$32,763$24,078$17,402$12,401$8,734$1,690
29 years$31,293$22,714$16,194$11,372$7,887$1,420
30 years$29,923$21,451$15,084$10,436$7,126$1,193
31 years$28,644$20,279$14,063$9,585$6,443$1,002
32 years$27,447$19,188$13,121$8,809$5,828$842
33 years$26,326$18,171$12,251$8,100$5,274$708
34 years$25,272$17,222$11,447$7,453$4,775$595
35 years$24,281$16,335$10,702$6,861$4,325$500
36 years$23,347$15,504$10,011$6,319$3,919$421
37 years$22,466$14,725$9,370$5,822$3,552$354
38 years$21,633$13,994$8,775$5,366$3,220$297
39 years$20,844$13,307$8,221$4,948$2,920$250
40 years$20,097$12,661$7,706$4,564$2,648$210
41 years$19,388$12,052$7,225$4,211$2,403$177
42 years$18,715$11,478$6,778$3,886$2,180$149
43 years$18,075$10,936$6,360$3,587$1,979$125
44 years$17,466$10,424$5,970$3,312$1,796$105
45 years$16,885$9,941$5,606$3,059$1,631$88
46 years$16,331$9,483$5,265$2,825$1,480$74
47 years$15,803$9,050$4,946$2,610$1,344$63
48 years$15,298$8,639$4,648$2,412$1,221$53
49 years$14,815$8,250$4,369$2,229$1,109$44
50 years$14,352$7,881$4,107$2,060$1,007$37

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 $4,730 every year, while hoping to spend $33,463 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: 86/6/8 Blend
56$14,700,000$14,700,000$14,700,000$14,700,000
57$16,204,279$15,425,179$15,197,329$17,584,040
58$17,821,511$16,145,408$15,670,835$19,204,982
59$19,602,579$16,899,807$16,159,082$20,980,891
60$21,564,160$17,690,015$16,662,529$22,931,389
61$23,724,628$18,517,750$17,181,647$25,074,037
62$26,104,233$19,384,813$17,716,926$27,428,181
63$28,725,288$20,293,092$18,268,866$30,015,128
64$31,612,381$21,244,567$18,837,987$32,858,347
65$34,792,607$22,241,314$19,424,822$35,983,691
66$38,295,822$23,285,507$20,029,923$39,419,639
67$42,154,928$24,379,429$20,653,857$43,197,563
68$46,406,179$25,525,470$21,297,211$47,352,023
69$51,089,530$26,726,138$21,960,587$51,921,088
70$56,249,004$27,984,062$22,644,609$56,946,701
71$61,933,118$29,301,996$23,349,919$62,475,067
72$68,195,333$30,682,830$24,077,178$68,557,089
73$75,094,562$32,129,594$24,827,069$75,248,849
74$82,695,727$33,645,464$25,600,295$82,612,130
75$91,070,368$35,233,769$26,397,582$90,715,005
76$100,297,323$36,898,001$27,219,678$99,632,470
77$110,463,467$38,641,820$28,067,355$109,447,153
78$121,664,536$40,469,065$28,941,407$120,250,092
79$134,006,029$42,383,759$29,842,654$132,141,592
80$147,604,202$44,390,122$30,771,941$145,232,168
81$162,587,171$46,492,578$31,730,141$159,643,587
82$179,096,114$48,695,765$32,718,152$175,510,013
83$197,286,608$51,004,548$33,736,901$192,979,273
84$217,330,097$53,424,026$34,787,342$212,214,248
85$239,415,509$55,959,546$35,870,461$233,394,408
86$263,751,043$58,616,716$36,987,273$256,717,502
87$290,566,129$61,401,414$38,138,826$282,401,424
88$320,113,596$64,319,806$39,326,199$310,686,263
89$352,672,062$67,378,355$40,550,505$341,836,568
90$388,548,558$70,583,840$41,812,893$376,143,842
91$428,081,430$73,943,368$43,114,544$413,929,287
92$471,643,534$77,464,391$44,456,680$455,546,837
93$519,645,754$81,154,725$45,840,558$501,386,490
94$572,540,879$85,022,565$47,267,475$551,877,987
95$630,827,882$89,076,504$48,738,768$607,494,866
96$695,056,626$93,325,553$50,255,817$668,758,926
97$765,833,057$97,779,160$51,820,042$736,245,146
98$843,824,924$102,447,235$53,432,909$810,587,110
99$929,768,085$107,340,167$55,095,930$892,482,983
100$1,024,473,448$112,468,854$56,810,661$982,702,097