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%17.2%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,137,868
2 years$600,947$589,755$578,908$568,391$558,190$523,880
3 years$396,652$385,411$374,592$364,174$354,139$320,925
4 years$294,524$283,318$272,607$262,367$252,575$220,713
5 years$233,263$222,125$211,554$201,523$192,003$161,579
6 years$192,436$181,382$170,967$161,159$151,926$122,967
7 years$163,286$152,324$142,074$132,498$123,556$96,063
8 years$141,433$130,570$120,490$111,149$102,502$76,458
9 years$124,445$113,684$103,778$94,674$86,321$61,699
10 years$110,862$100,207$90,476$81,610$73,550$50,317
11 years$99,757$89,209$79,654$71,025$63,256$41,371
12 years$90,509$80,069$70,691$62,299$54,816$34,238
13 years$82,690$72,359$63,158$55,001$47,801$28,482
14 years$75,993$65,772$56,747$48,823$41,902$23,794
15 years$70,195$60,084$51,235$43,542$36,894$19,946
16 years$65,127$55,126$46,452$38,987$32,607$16,768
17 years$60,659$50,769$42,270$35,029$28,911$14,129
18 years$56,692$46,913$38,587$31,569$25,707$11,929
19 years$53,147$43,478$35,324$28,525$22,913$10,088
20 years$49,961$40,402$32,419$25,835$20,466$8,543
21 years$47,081$37,633$29,819$23,447$18,315$7,243
22 years$44,467$35,129$27,483$21,318$16,417$6,147
23 years$42,084$32,856$25,376$19,415$14,737$5,221
24 years$39,903$30,784$23,468$17,708$13,246$4,437
25 years$37,899$28,889$21,736$16,172$11,919$3,773
26 years$36,052$27,151$20,159$14,787$10,736$3,210
27 years$34,345$25,552$18,720$13,535$9,680$2,733
28 years$32,763$24,078$17,402$12,401$8,734$2,327
29 years$31,293$22,714$16,194$11,372$7,887$1,982
30 years$29,923$21,451$15,084$10,436$7,126$1,689
31 years$28,644$20,279$14,063$9,585$6,443$1,439
32 years$27,447$19,188$13,121$8,809$5,828$1,226
33 years$26,326$18,171$12,251$8,100$5,274$1,045
34 years$25,272$17,222$11,447$7,453$4,775$891
35 years$24,281$16,335$10,702$6,861$4,325$760
36 years$23,347$15,504$10,011$6,319$3,919$648
37 years$22,466$14,725$9,370$5,822$3,552$553
38 years$21,633$13,994$8,775$5,366$3,220$471
39 years$20,844$13,307$8,221$4,948$2,920$402
40 years$20,097$12,661$7,706$4,564$2,648$343
41 years$19,388$12,052$7,225$4,211$2,403$293
42 years$18,715$11,478$6,778$3,886$2,180$250
43 years$18,075$10,936$6,360$3,587$1,979$213
44 years$17,466$10,424$5,970$3,312$1,796$182
45 years$16,885$9,941$5,606$3,059$1,631$155
46 years$16,331$9,483$5,265$2,825$1,480$132
47 years$15,803$9,050$4,946$2,610$1,344$113
48 years$15,298$8,639$4,648$2,412$1,221$96
49 years$14,815$8,250$4,369$2,229$1,109$82
50 years$14,352$7,881$4,107$2,060$1,007$70

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 $4,250 every year, while hoping to spend $52,507 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: 74/19/7 Blend
56$14,700,000$14,700,000$14,700,000$14,700,000
57$16,203,784$15,424,684$15,196,834$17,387,188
58$17,800,703$16,124,626$15,650,061$18,866,988
59$19,558,748$16,857,106$16,116,711$20,480,542
60$21,494,298$17,623,662$16,597,179$22,246,644
61$23,625,402$18,425,907$17,091,870$24,180,364
62$25,971,947$19,265,531$17,601,201$26,298,286
63$28,555,847$20,144,304$18,125,603$28,618,665
64$31,401,250$21,064,081$18,665,518$31,161,594
65$34,534,765$22,026,808$19,221,400$33,949,194
66$37,985,711$23,034,523$19,793,717$37,005,814
67$41,786,399$24,089,359$20,382,952$40,358,263
68$45,972,431$25,193,557$20,989,600$44,036,056
69$50,583,038$26,349,460$21,614,170$48,071,691
70$55,661,451$27,559,527$22,257,189$52,500,949
71$61,255,310$28,826,335$22,919,195$57,363,231
72$67,417,108$30,152,582$23,600,745$62,701,925
73$74,204,693$31,541,098$24,302,410$68,564,809
74$81,681,810$32,994,850$25,024,779$75,004,499
75$89,918,702$34,516,945$25,768,456$82,078,942
76$98,992,775$36,110,641$26,534,065$89,851,955
77$108,989,329$37,779,353$27,322,247$98,393,824
78$120,002,358$39,526,659$28,133,660$107,781,963
79$132,135,445$41,356,311$28,968,983$118,101,637
80$145,502,730$43,272,241$29,828,915$129,446,761
81$160,229,998$45,278,570$30,714,172$141,920,781
82$176,455,855$47,379,617$31,625,494$155,637,645
83$194,333,045$49,579,911$32,563,641$170,722,870
84$214,029,887$51,884,198$33,529,395$187,314,719
85$235,731,865$54,297,454$34,523,559$205,565,501
86$259,643,380$56,824,894$35,546,963$225,642,999
87$285,989,676$59,471,984$36,600,457$247,732,048
88$315,018,967$62,244,456$37,684,917$272,036,268
89$347,004,784$65,148,317$38,801,244$298,779,981
90$382,248,552$68,189,864$39,950,366$328,210,314
91$421,082,437$71,375,700$41,133,235$360,599,527
92$463,872,481$74,712,744$42,350,834$396,247,572
93$511,022,057$78,208,252$43,604,170$435,484,911
94$562,975,680$81,869,830$44,894,283$478,675,628
95$620,223,197$85,705,449$46,222,240$526,220,850
96$683,304,417$89,723,470$47,589,139$578,562,526
97$752,814,203$93,932,656$48,996,110$636,187,585
98$829,408,089$98,342,193$50,444,316$699,632,516
99$913,808,466$102,961,712$51,934,953$769,488,422
100$1,006,811,405$107,801,311$53,469,249$846,406,585