Can I retire at age 57 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,171,263
2 years$605,035$593,767$582,846$572,257$561,987$553,004
3 years$399,350$388,033$377,140$366,651$356,548$347,770
4 years$296,528$285,245$274,461$264,151$254,293$245,788
5 years$234,850$223,636$212,993$202,894$193,309$185,102
6 years$193,746$182,615$172,130$162,256$152,959$145,060
7 years$164,396$153,360$143,041$133,399$124,397$116,810
8 years$142,395$131,458$121,310$111,905$103,199$95,924
9 years$125,291$114,458$104,484$95,319$86,909$79,944
10 years$111,617$100,889$91,092$82,165$74,050$67,392
11 years$100,435$89,816$80,196$71,509$63,686$57,328
12 years$91,125$80,614$71,172$62,723$55,189$49,127
13 years$83,252$72,851$63,587$55,375$48,126$42,353
14 years$76,510$66,220$57,133$49,155$42,187$36,696
15 years$70,673$60,493$51,584$43,838$37,144$31,928
16 years$65,570$55,501$46,768$39,252$32,828$27,878
17 years$61,072$51,114$42,557$35,268$29,108$24,416
18 years$57,078$47,232$38,849$31,783$25,881$21,439
19 years$53,509$43,774$35,565$28,719$23,069$18,868
20 years$50,301$40,677$32,639$26,011$20,605$16,637
21 years$47,402$37,889$30,022$23,606$18,439$14,694
22 years$44,770$35,368$27,670$21,463$16,528$12,997
23 years$42,370$33,079$25,548$19,547$14,837$11,511
24 years$40,174$30,993$23,628$17,828$13,336$10,206
25 years$38,157$29,085$21,884$16,282$12,000$9,059
26 years$36,298$27,336$20,296$14,887$10,809$8,047
27 years$34,579$25,726$18,847$13,627$9,745$7,154
28 years$32,986$24,241$17,521$12,485$8,793$6,364
29 years$31,506$22,869$16,305$11,449$7,940$5,665
30 years$30,126$21,597$15,187$10,507$7,175$5,045
31 years$28,839$20,417$14,158$9,650$6,486$4,495
32 years$27,634$19,318$13,210$8,869$5,867$4,007
33 years$26,505$18,295$12,334$8,155$5,310$3,573
34 years$25,444$17,339$11,524$7,504$4,808$3,187
35 years$24,446$16,446$10,775$6,908$4,354$2,844
36 years$23,506$15,610$10,079$6,362$3,945$2,538
37 years$22,618$14,826$9,434$5,861$3,576$2,266
38 years$21,780$14,090$8,835$5,403$3,242$2,023
39 years$20,986$13,398$8,277$4,982$2,940$1,807
40 years$20,234$12,747$7,758$4,595$2,666$1,614
41 years$19,520$12,134$7,275$4,239$2,419$1,442
42 years$18,843$11,556$6,824$3,912$2,195$1,288
43 years$18,198$11,010$6,403$3,612$1,992$1,151
44 years$17,585$10,495$6,011$3,335$1,808$1,029
45 years$17,000$10,008$5,644$3,080$1,642$919
46 years$16,442$9,547$5,301$2,845$1,491$822
47 years$15,910$9,111$4,980$2,628$1,353$735
48 years$15,402$8,698$4,680$2,429$1,229$657
49 years$14,915$8,306$4,399$2,244$1,116$587
50 years$14,450$7,934$4,135$2,075$1,014$525

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,800,000, adding $4,470 every year, while hoping to spend $25,850 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: 50/31/19 Blend
56$14,800,000$14,800,000$14,800,000$14,800,000
57$16,314,211$15,529,811$15,300,411$17,043,400
58$17,950,756$16,263,267$15,785,470$18,281,228
59$19,753,363$17,031,797$16,285,913$19,622,715
60$21,738,941$17,837,091$16,802,227$21,080,093
61$23,926,127$18,680,922$17,334,915$22,664,306
62$26,335,455$19,565,150$17,884,498$24,387,376
63$28,989,554$20,491,725$18,451,511$26,262,510
64$31,913,359$21,462,690$19,036,507$28,304,220
65$35,134,349$22,480,189$19,640,057$30,528,458
66$38,682,803$23,546,468$20,262,750$32,952,753
67$42,592,089$24,663,886$20,905,192$35,596,376
68$46,898,977$25,834,911$21,568,011$38,480,514
69$51,643,986$27,062,135$22,251,852$41,628,464
70$56,871,767$28,348,274$22,957,384$45,065,841
71$62,631,525$29,696,177$23,685,294$48,820,820
72$68,977,482$31,108,831$24,436,293$52,924,386
73$75,969,389$32,589,368$25,211,112$57,410,627
74$83,673,090$34,141,071$26,010,509$62,317,039
75$92,161,147$35,767,384$26,835,262$67,684,875
76$101,513,517$37,471,919$27,686,176$73,559,525
77$111,818,314$39,258,462$28,564,082$79,990,934
78$123,172,640$41,130,984$29,469,836$87,034,064
79$135,683,495$43,093,649$30,404,322$94,749,402
80$149,468,797$45,150,822$31,368,451$103,203,517
81$164,658,484$47,307,083$32,363,165$112,469,681
82$181,395,752$49,567,232$33,389,433$122,628,545
83$199,838,397$51,936,305$34,448,258$133,768,889
84$220,160,311$54,419,582$35,540,672$145,988,449
85$242,553,120$57,022,598$36,667,742$159,394,819
86$267,227,994$59,751,161$37,830,566$174,106,459
87$294,417,640$62,611,358$39,030,281$190,253,794
88$324,378,500$65,609,576$40,268,056$207,980,428
89$357,393,171$68,752,509$41,545,100$227,444,489
90$393,773,073$72,047,181$42,862,659$248,820,095
91$433,861,387$75,500,953$44,222,019$272,298,989
92$478,036,298$79,121,550$45,624,507$298,092,322
93$526,714,563$82,917,069$47,071,491$326,432,628
94$580,355,447$86,896,003$48,564,383$357,576,002
95$639,465,054$91,067,258$50,104,642$391,804,491
96$704,601,111$95,440,176$51,693,769$429,428,735
97$776,378,231$100,024,552$53,333,317$470,790,875
98$855,473,714$104,830,657$55,024,886$516,267,759
99$942,633,940$109,869,267$56,770,127$566,274,471
100$1,038,681,419$115,151,678$58,570,744$621,268,221