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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,144,171
2 years$609,123$597,778$586,784$576,124$565,784$521,976
3 years$402,048$390,655$379,688$369,128$358,957$316,694
4 years$298,531$287,173$276,316$265,936$256,011$215,615
5 years$236,437$225,147$214,432$204,264$194,615$156,193
6 years$195,055$183,849$173,293$163,352$153,993$117,570
7 years$165,507$154,396$144,007$134,301$125,237$90,804
8 years$143,357$132,346$122,130$112,661$103,896$71,423
9 years$126,138$115,231$105,190$95,963$87,496$56,937
10 years$112,371$101,571$91,707$82,721$74,551$45,852
11 years$101,114$90,422$80,738$71,992$64,116$37,215
12 years$91,740$81,158$71,653$63,146$55,562$30,391
13 years$83,815$73,343$64,017$55,749$48,451$24,940
14 years$77,027$66,667$57,519$49,488$42,472$20,547
15 years$71,150$60,902$51,932$44,134$37,395$16,982
16 years$66,013$55,876$47,084$39,517$33,050$14,071
17 years$61,484$51,460$42,845$35,506$29,305$11,684
18 years$57,464$47,551$39,112$31,998$26,056$9,719
19 years$53,870$44,070$35,805$28,913$23,225$8,096
20 years$50,640$40,952$32,860$26,186$20,745$6,752
21 years$47,722$38,145$30,225$23,766$18,564$5,636
22 years$45,072$35,607$27,857$21,609$16,640$4,709
23 years$42,657$33,303$25,721$19,679$14,937$3,937
24 years$40,446$31,202$23,787$17,949$13,426$3,293
25 years$38,415$29,282$22,032$16,392$12,081$2,756
26 years$36,543$27,520$20,434$14,988$10,882$2,308
27 years$34,813$25,900$18,974$13,719$9,811$1,933
28 years$33,209$24,405$17,639$12,569$8,853$1,619
29 years$31,718$23,023$16,415$11,526$7,994$1,357
30 years$30,330$21,743$15,290$10,578$7,223$1,137
31 years$29,034$20,555$14,254$9,715$6,530$953
32 years$27,821$19,449$13,299$8,929$5,907$799
33 years$26,684$18,418$12,418$8,211$5,346$670
34 years$25,616$17,456$11,602$7,554$4,840$562
35 years$24,611$16,557$10,847$6,954$4,384$471
36 years$23,665$15,715$10,147$6,405$3,972$395
37 years$22,771$14,926$9,498$5,901$3,600$331
38 years$21,927$14,185$8,894$5,439$3,264$278
39 years$21,128$13,488$8,333$5,015$2,960$233
40 years$20,371$12,833$7,811$4,626$2,685$195
41 years$19,652$12,216$7,324$4,268$2,435$164
42 years$18,970$11,634$6,870$3,939$2,210$138
43 years$18,321$11,085$6,447$3,636$2,006$115
44 years$17,703$10,566$6,051$3,357$1,821$97
45 years$17,115$10,076$5,682$3,100$1,653$81
46 years$16,553$9,612$5,337$2,864$1,501$68
47 years$16,018$9,173$5,014$2,646$1,363$57
48 years$15,506$8,757$4,711$2,445$1,237$48
49 years$15,016$8,362$4,428$2,260$1,124$40
50 years$14,548$7,988$4,163$2,089$1,021$34

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 $3,145 every year, while hoping to spend $33,661 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: 30/50/20 Blend
56$14,900,000$14,900,000$14,900,000$14,900,000
57$16,423,044$15,633,344$15,402,394$16,812,622
58$18,062,380$16,363,563$15,882,559$17,839,250
59$19,867,799$17,128,434$16,377,682$18,939,708
60$21,856,208$17,929,621$16,888,227$20,122,900
61$24,046,233$18,768,865$17,414,675$21,395,997
62$26,458,404$19,647,994$17,957,522$22,766,846
63$29,115,338$20,568,923$18,517,276$24,244,036
64$32,041,963$21,533,660$19,094,465$25,836,969
65$35,265,744$22,544,310$19,689,630$27,555,942
66$38,816,949$23,603,081$20,303,332$29,412,235
67$42,728,931$24,712,285$20,936,147$31,418,206
68$47,038,444$25,874,349$21,588,670$33,587,402
69$51,785,989$27,091,816$22,261,514$35,934,674
70$57,016,197$28,367,351$22,955,312$38,476,305
71$62,778,249$29,703,752$23,670,714$41,230,156
72$69,126,342$31,103,947$24,408,395$44,215,821
73$76,120,199$32,571,010$25,169,046$47,454,799
74$83,825,632$34,108,163$25,953,383$50,970,685
75$92,315,167$35,718,784$26,762,141$54,789,381
76$101,668,724$37,406,413$27,596,082$58,939,322
77$111,974,371$39,174,765$28,455,988$63,451,734
78$123,329,160$41,027,732$29,342,668$68,360,911
79$135,840,041$42,969,397$30,256,953$73,704,523
80$149,624,867$45,004,039$31,199,703$79,523,957
81$164,813,513$47,136,147$32,171,803$85,864,685
82$181,549,099$49,370,426$33,174,166$92,776,680
83$199,989,340$51,711,810$34,207,733$100,314,864
84$220,308,036$54,165,471$35,273,476$108,539,611
85$242,696,712$56,736,836$36,372,393$117,517,291
86$267,366,427$59,431,591$37,505,518$127,320,875
87$294,549,763$62,255,700$38,673,915$138,030,605
88$324,503,027$65,215,418$39,878,679$149,734,723
89$357,508,664$68,317,301$41,120,942$162,530,276
90$393,877,925$71,568,225$42,401,871$176,524,014
91$433,953,806$74,975,402$43,722,667$191,833,361
92$478,114,288$78,546,390$45,084,570$208,587,499
93$526,775,901$82,289,119$46,488,858$226,928,556
94$580,397,658$86,211,900$47,936,850$247,012,914
95$639,485,388$90,323,453$49,429,904$269,012,654
96$704,596,513$94,632,917$50,969,421$293,117,144
97$776,345,306$99,149,879$52,556,846$319,534,789
98$855,408,695$103,884,391$54,193,667$348,494,961
99$942,532,649$108,846,993$55,881,422$380,250,125
100$1,038,539,222$114,048,738$57,621,693$415,078,177