Can I retire at age 57 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,148,276
2 years$609,123$597,778$586,784$576,124$565,784$526,008
3 years$402,048$390,655$379,688$369,128$358,957$320,525
4 years$298,531$287,173$276,316$265,936$256,011$219,217
5 years$236,437$225,147$214,432$204,264$194,615$159,557
6 years$195,055$183,849$173,293$163,352$153,993$120,698
7 years$165,507$154,396$144,007$134,301$125,237$93,701
8 years$143,357$132,346$122,130$112,661$103,896$74,096
9 years$126,138$115,231$105,190$95,963$87,496$59,394
10 years$112,371$101,571$91,707$82,721$74,551$48,103
11 years$101,114$90,422$80,738$71,992$64,116$39,271
12 years$91,740$81,158$71,653$63,146$55,562$32,264
13 years$83,815$73,343$64,017$55,749$48,451$26,640
14 years$77,027$66,667$57,519$49,488$42,472$22,086
15 years$71,150$60,902$51,932$44,134$37,395$18,371
16 years$66,013$55,876$47,084$39,517$33,050$15,322
17 years$61,484$51,460$42,845$35,506$29,305$12,807
18 years$57,464$47,551$39,112$31,998$26,056$10,725
19 years$53,870$44,070$35,805$28,913$23,225$8,995
20 years$50,640$40,952$32,860$26,186$20,745$7,553
21 years$47,722$38,145$30,225$23,766$18,564$6,350
22 years$45,072$35,607$27,857$21,609$16,640$5,342
23 years$42,657$33,303$25,721$19,679$14,937$4,498
24 years$40,446$31,202$23,787$17,949$13,426$3,790
25 years$38,415$29,282$22,032$16,392$12,081$3,195
26 years$36,543$27,520$20,434$14,988$10,882$2,694
27 years$34,813$25,900$18,974$13,719$9,811$2,273
28 years$33,209$24,405$17,639$12,569$8,853$1,918
29 years$31,718$23,023$16,415$11,526$7,994$1,619
30 years$30,330$21,743$15,290$10,578$7,223$1,367
31 years$29,034$20,555$14,254$9,715$6,530$1,154
32 years$27,821$19,449$13,299$8,929$5,907$975
33 years$26,684$18,418$12,418$8,211$5,346$824
34 years$25,616$17,456$11,602$7,554$4,840$696
35 years$24,611$16,557$10,847$6,954$4,384$588
36 years$23,665$15,715$10,147$6,405$3,972$497
37 years$22,771$14,926$9,498$5,901$3,600$420
38 years$21,927$14,185$8,894$5,439$3,264$355
39 years$21,128$13,488$8,333$5,015$2,960$300
40 years$20,371$12,833$7,811$4,626$2,685$253
41 years$19,652$12,216$7,324$4,268$2,435$214
42 years$18,970$11,634$6,870$3,939$2,210$181
43 years$18,321$11,085$6,447$3,636$2,006$153
44 years$17,703$10,566$6,051$3,357$1,821$129
45 years$17,115$10,076$5,682$3,100$1,653$109
46 years$16,553$9,612$5,337$2,864$1,501$92
47 years$16,018$9,173$5,014$2,646$1,363$78
48 years$15,506$8,757$4,711$2,445$1,237$66
49 years$15,016$8,362$4,428$2,260$1,124$56
50 years$14,548$7,988$4,163$2,089$1,021$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,900,000, adding $3,488 every year, while hoping to spend $21,918 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: 69/14/17 Blend
56$14,900,000$14,900,000$14,900,000$14,900,000
57$16,423,398$15,633,698$15,402,748$17,489,876
58$18,075,264$16,376,428$15,895,419$18,943,791
59$19,894,886$17,154,818$16,403,861$20,531,101
60$21,899,351$17,970,591$16,928,577$22,267,314
61$24,107,490$18,825,556$17,470,090$24,167,105
62$26,540,054$19,721,607$18,028,937$26,246,625
63$29,219,907$20,660,734$18,605,674$28,523,650
64$32,172,247$21,645,020$19,200,874$31,017,748
65$35,424,841$22,676,650$19,815,128$33,750,456
66$39,008,287$23,757,919$20,449,047$36,745,483
67$42,956,303$24,891,227$21,103,261$40,028,934
68$47,306,046$26,079,097$21,778,420$43,629,544
69$52,098,460$27,324,171$22,475,195$47,578,955
70$57,378,668$28,629,220$23,194,279$51,912,004
71$63,196,391$29,997,151$23,936,386$56,667,051
72$69,606,422$31,431,011$24,702,255$61,886,338
73$76,669,143$32,933,996$25,492,646$67,616,380
74$84,451,091$34,509,457$26,308,345$73,908,401
75$93,025,592$36,160,910$27,150,164$80,818,816
76$102,473,447$37,892,039$28,018,939$88,409,752
77$112,883,699$39,706,709$28,915,534$96,749,636
78$124,354,473$41,608,975$29,840,841$105,913,831
79$136,993,900$43,603,085$30,795,780$115,985,345
80$150,921,139$45,693,498$31,781,300$127,055,605
81$166,267,503$47,884,887$32,798,382$139,225,318
82$183,177,698$50,182,156$33,848,036$152,605,412
83$201,811,186$52,590,444$34,931,308$167,318,078
84$222,343,694$55,115,144$36,049,275$183,497,918
85$244,968,874$57,761,908$37,203,048$201,293,204
86$269,900,124$60,536,667$38,393,775$220,867,275
87$297,372,611$63,445,638$39,622,641$242,400,067
88$327,645,486$66,495,343$40,890,869$266,089,806
89$361,004,332$69,692,621$42,199,719$292,154,871
90$397,763,859$73,044,645$43,550,495$320,835,842
91$438,270,876$76,558,935$44,944,539$352,397,767
92$482,907,564$80,243,382$46,383,240$387,132,652
93$532,095,086$84,106,258$47,868,029$425,362,206
94$586,297,559$88,156,240$49,400,383$467,440,871
95$646,026,442$92,402,427$50,981,827$513,759,152
96$711,845,356$96,854,363$52,613,936$564,747,294
97$784,375,413$101,522,057$54,298,333$620,879,334
98$864,301,073$106,416,006$56,036,695$682,677,559
99$952,376,610$111,547,218$57,830,752$750,717,423
100$1,049,433,232$116,927,239$59,682,290$825,632,971