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%16%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,143,397
2 years$600,947$589,755$578,908$568,391$558,190$529,350
3 years$396,652$385,411$374,592$364,174$354,139$326,163
4 years$294,524$283,318$272,607$262,367$252,575$225,678
5 years$233,263$222,125$211,554$201,523$192,003$166,261
6 years$192,436$181,382$170,967$161,159$151,926$127,363
7 years$163,286$152,324$142,074$132,498$123,556$100,176
8 years$141,433$130,570$120,490$111,149$102,502$80,294
9 years$124,445$113,684$103,778$94,674$86,321$65,268
10 years$110,862$100,207$90,476$81,610$73,550$53,627
11 years$99,757$89,209$79,654$71,025$63,256$44,433
12 years$90,509$80,069$70,691$62,299$54,816$37,063
13 years$82,690$72,359$63,158$55,001$47,801$31,082
14 years$75,993$65,772$56,747$48,823$41,902$26,181
15 years$70,195$60,084$51,235$43,542$36,894$22,133
16 years$65,127$55,126$46,452$38,987$32,607$18,767
17 years$60,659$50,769$42,270$35,029$28,911$15,953
18 years$56,692$46,913$38,587$31,569$25,707$13,589
19 years$53,147$43,478$35,324$28,525$22,913$11,596
20 years$49,961$40,402$32,419$25,835$20,466$9,910
21 years$47,081$37,633$29,819$23,447$18,315$8,480
22 years$44,467$35,129$27,483$21,318$16,417$7,264
23 years$42,084$32,856$25,376$19,415$14,737$6,228
24 years$39,903$30,784$23,468$17,708$13,246$5,344
25 years$37,899$28,889$21,736$16,172$11,919$4,588
26 years$36,052$27,151$20,159$14,787$10,736$3,942
27 years$34,345$25,552$18,720$13,535$9,680$3,388
28 years$32,763$24,078$17,402$12,401$8,734$2,913
29 years$31,293$22,714$16,194$11,372$7,887$2,506
30 years$29,923$21,451$15,084$10,436$7,126$2,156
31 years$28,644$20,279$14,063$9,585$6,443$1,856
32 years$27,447$19,188$13,121$8,809$5,828$1,597
33 years$26,326$18,171$12,251$8,100$5,274$1,375
34 years$25,272$17,222$11,447$7,453$4,775$1,185
35 years$24,281$16,335$10,702$6,861$4,325$1,020
36 years$23,347$15,504$10,011$6,319$3,919$879
37 years$22,466$14,725$9,370$5,822$3,552$757
38 years$21,633$13,994$8,775$5,366$3,220$652
39 years$20,844$13,307$8,221$4,948$2,920$562
40 years$20,097$12,661$7,706$4,564$2,648$484
41 years$19,388$12,052$7,225$4,211$2,403$417
42 years$18,715$11,478$6,778$3,886$2,180$360
43 years$18,075$10,936$6,360$3,587$1,979$310
44 years$17,466$10,424$5,970$3,312$1,796$267
45 years$16,885$9,941$5,606$3,059$1,631$230
46 years$16,331$9,483$5,265$2,825$1,480$198
47 years$15,803$9,050$4,946$2,610$1,344$171
48 years$15,298$8,639$4,648$2,412$1,221$147
49 years$14,815$8,250$4,369$2,229$1,109$127
50 years$14,352$7,881$4,107$2,060$1,007$110

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 $4,397 every year, while hoping to spend $20,462 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: 68/17/15 Blend
56$14,700,000$14,700,000$14,700,000$14,700,000
57$16,203,936$15,424,836$15,196,986$17,248,830
58$17,834,966$16,158,881$15,684,313$18,679,684
59$19,631,675$16,928,209$16,187,280$20,241,290
60$21,610,941$17,734,527$16,706,390$21,948,797
61$23,791,363$18,579,624$17,242,159$23,816,542
62$26,193,435$19,465,379$17,795,125$25,860,301
63$28,839,742$20,393,759$18,365,838$28,097,435
64$31,755,171$21,366,829$18,954,870$30,547,049
65$34,967,148$22,386,753$19,562,807$33,230,174
66$38,505,895$23,455,802$20,190,259$36,169,954
67$42,404,715$24,576,355$20,837,852$39,391,867
68$46,700,308$25,750,909$21,506,232$42,923,962
69$51,433,117$26,982,080$22,196,067$46,797,113
70$56,647,707$28,272,614$22,908,048$51,045,314
71$62,393,191$29,625,390$23,642,885$55,705,990
72$68,723,687$31,043,425$24,401,313$60,820,349
73$75,698,835$32,529,885$25,184,089$66,433,765
74$83,384,357$34,088,090$25,991,996$72,596,198
75$91,852,675$35,721,520$26,825,842$79,362,666
76$101,183,600$37,433,826$27,686,460$86,793,757
77$111,465,080$39,228,837$28,574,709$94,956,192
78$122,794,036$41,110,567$29,491,479$103,923,451
79$135,277,269$43,083,227$30,437,686$113,776,463
80$149,032,477$45,151,232$31,414,275$124,604,357
81$164,189,360$47,319,212$32,422,223$136,505,304
82$180,890,845$49,592,023$33,462,537$149,587,430
83$199,294,437$51,974,759$34,536,259$163,969,832
84$219,573,707$54,472,760$35,644,461$179,783,697
85$241,919,927$57,091,626$36,788,252$197,173,525
86$266,543,877$59,837,233$37,968,775$216,298,494
87$293,677,835$62,715,740$39,187,212$237,333,944
88$323,577,771$65,733,608$40,444,780$260,473,031
89$356,525,761$68,897,613$41,742,739$285,928,534
90$392,832,653$72,214,860$43,082,385$313,934,858
91$432,840,998$75,692,803$44,465,059$344,750,235
92$476,928,285$79,339,256$45,892,144$378,659,148
93$525,510,508$83,162,416$47,365,068$415,975,009
94$579,046,086$87,170,881$48,885,304$457,043,103
95$638,040,199$91,373,666$50,454,374$502,243,832
96$703,049,551$95,780,227$52,073,847$551,996,299
97$774,687,628$100,400,481$53,745,344$606,762,247
98$853,630,490$105,244,829$55,470,537$667,050,401
99$940,623,153$110,324,179$57,251,153$733,421,259
100$1,036,486,621$115,649,971$59,088,973$806,492,367