Can I retire at age 57 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,234,034
2 years$654,092$641,910$630,104$618,657$607,554$565,811
3 years$431,730$419,495$407,719$396,379$385,457$345,111
4 years$320,570$308,373$296,715$285,569$274,911$236,270
5 years$253,892$241,768$230,263$219,344$208,983$172,151
6 years$209,455$197,422$186,087$175,411$165,361$130,368
7 years$177,726$165,795$154,639$144,215$134,483$101,324
8 years$153,940$142,117$131,146$120,979$111,567$80,218
9 years$135,450$123,738$112,956$103,047$93,955$64,380
10 years$120,667$109,069$98,478$88,828$80,054$52,207
11 years$108,579$97,098$86,698$77,307$68,850$42,677
12 years$98,513$87,150$76,942$67,808$59,664$35,108
13 years$90,002$78,758$68,743$59,865$52,028$29,028
14 years$82,714$71,589$61,766$53,141$45,607$24,099
15 years$76,403$65,398$55,766$47,392$40,156$20,074
16 years$70,886$60,001$50,560$42,435$35,490$16,766
17 years$66,023$55,259$46,008$38,127$31,468$14,035
18 years$61,706$51,062$41,999$34,360$27,980$11,771
19 years$57,847$47,323$38,448$31,048$24,939$9,887
20 years$54,379$43,975$35,286$28,120$22,276$8,315
21 years$51,245$40,961$32,456$25,520$19,935$7,001
22 years$48,400$38,236$29,913$23,204$17,869$5,900
23 years$45,806$35,761$27,620$21,132$16,040$4,975
24 years$43,431$33,506$25,544$19,274$14,417$4,199
25 years$41,250$31,444$23,659$17,602$12,973$3,545
26 years$39,241$29,552$21,942$16,094$11,686$2,994
27 years$37,383$27,812$20,375$14,731$10,536$2,530
28 years$35,661$26,207$18,941$13,497$9,506$2,139
29 years$34,060$24,723$17,627$12,377$8,584$1,808
30 years$32,569$23,348$16,418$11,359$7,756$1,529
31 years$31,177$22,072$15,306$10,433$7,012$1,294
32 years$29,875$20,885$14,281$9,588$6,343$1,094
33 years$28,654$19,778$13,334$8,817$5,741$926
34 years$27,507$18,745$12,459$8,112$5,197$783
35 years$26,428$17,779$11,648$7,468$4,708$663
36 years$25,412$16,875$10,897$6,878$4,265$561
37 years$24,452$16,028$10,199$6,337$3,866$475
38 years$23,546$15,232$9,551$5,841$3,505$402
39 years$22,688$14,484$8,948$5,385$3,178$340
40 years$21,875$13,780$8,387$4,967$2,883$288
41 years$21,103$13,118$7,864$4,583$2,615$244
42 years$20,370$12,493$7,377$4,230$2,373$206
43 years$19,674$11,903$6,922$3,904$2,154$175
44 years$19,010$11,346$6,498$3,605$1,955$148
45 years$18,378$10,820$6,101$3,329$1,775$125
46 years$17,776$10,322$5,731$3,075$1,611$106
47 years$17,200$9,850$5,384$2,841$1,463$90
48 years$16,650$9,403$5,059$2,625$1,329$76
49 years$16,125$8,979$4,755$2,426$1,207$64
50 years$15,622$8,577$4,471$2,243$1,096$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,000,000, adding $3,109 every year, while hoping to spend $36,673 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: 59/18/23 Blend
56$16,000,000$16,000,000$16,000,000$16,000,000
57$17,635,207$16,787,207$16,539,207$18,567,025
58$19,394,978$17,570,760$17,054,251$19,984,812
59$21,333,017$18,391,479$17,585,319$21,526,186
60$23,467,468$19,251,144$18,132,910$23,206,548
61$25,818,325$20,151,626$18,697,538$25,039,372
62$28,407,621$21,094,882$19,279,733$27,039,480
63$31,259,633$22,082,966$19,880,039$29,223,174
64$34,401,116$23,118,031$20,499,020$31,608,389
65$37,861,549$24,202,334$21,137,256$34,214,857
66$41,673,419$25,338,241$21,795,346$37,064,289
67$45,872,524$26,528,231$22,473,907$40,180,575
68$50,498,314$27,774,907$23,173,575$43,590,007
69$55,594,258$29,080,993$23,895,006$47,321,520
70$61,208,259$30,449,349$24,638,875$51,406,958
71$67,393,105$31,882,970$25,405,881$55,881,376
72$74,206,966$33,385,000$26,196,743$60,783,358
73$81,713,944$34,958,732$27,012,200$66,155,381
74$89,984,676$36,607,620$27,853,019$72,044,205
75$99,097,003$38,335,284$28,719,986$78,501,313
76$109,136,706$40,145,521$29,613,914$85,583,387
77$120,198,310$42,042,312$30,535,640$93,352,837
78$132,385,983$44,029,830$31,486,029$101,878,383
79$145,814,512$46,112,451$32,465,970$111,235,696
80$160,610,394$48,294,762$33,476,381$121,508,108
81$176,913,024$50,581,576$34,518,210$132,787,382
82$194,876,014$52,977,934$35,592,432$145,174,580
83$214,668,642$55,489,127$36,700,052$158,780,999
84$236,477,448$58,120,700$37,842,109$173,729,220
85$260,508,001$60,878,467$39,019,672$190,154,250
86$286,986,829$63,768,524$40,233,844$208,204,788
87$316,163,570$66,797,266$41,485,762$228,044,620
88$348,313,316$69,971,394$42,776,597$249,854,150
89$383,739,220$73,297,938$44,107,559$273,832,098
90$422,775,352$76,784,268$45,479,893$300,197,356
91$465,789,852$80,438,112$46,894,884$329,191,048
92$513,188,412$84,267,574$48,353,858$361,078,790
93$565,418,097$88,281,152$49,858,178$396,153,185
94$622,971,570$92,487,755$51,409,255$434,736,571
95$686,391,743$96,896,729$53,008,538$477,184,047
96$756,276,902$101,517,869$54,657,525$523,886,813
97$833,286,353$106,361,452$56,357,759$575,275,844
98$918,146,647$111,438,250$58,110,831$631,825,941
99$1,011,658,443$116,759,561$59,918,381$694,060,200
100$1,114,704,057$122,337,233$61,782,100$762,554,925