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

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 $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%15.8%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,245,525
2 years$654,092$641,910$630,104$618,657$607,554$577,166
3 years$431,730$419,495$407,719$396,379$385,457$355,970
4 years$320,570$308,373$296,715$285,569$274,911$246,551
5 years$253,892$241,768$230,263$219,344$208,983$181,829
6 years$209,455$197,422$186,087$175,411$165,361$139,441
7 years$177,726$165,795$154,639$144,215$134,483$109,800
8 years$153,940$142,117$131,146$120,979$111,567$88,111
9 years$135,450$123,738$112,956$103,047$93,955$71,708
10 years$120,667$109,069$98,478$88,828$80,054$58,991
11 years$108,579$97,098$86,698$77,307$68,850$48,941
12 years$98,513$87,150$76,942$67,808$59,664$40,876
13 years$90,002$78,758$68,743$59,865$52,028$34,326
14 years$82,714$71,589$61,766$53,141$45,607$28,953
15 years$76,403$65,398$55,766$47,392$40,156$24,511
16 years$70,886$60,001$50,560$42,435$35,490$20,813
17 years$66,023$55,259$46,008$38,127$31,468$17,718
18 years$61,706$51,062$41,999$34,360$27,980$15,114
19 years$57,847$47,323$38,448$31,048$24,939$12,917
20 years$54,379$43,975$35,286$28,120$22,276$11,055
21 years$51,245$40,961$32,456$25,520$19,935$9,474
22 years$48,400$38,236$29,913$23,204$17,869$8,128
23 years$45,806$35,761$27,620$21,132$16,040$6,980
24 years$43,431$33,506$25,544$19,274$14,417$5,999
25 years$41,250$31,444$23,659$17,602$12,973$5,159
26 years$39,241$29,552$21,942$16,094$11,686$4,439
27 years$37,383$27,812$20,375$14,731$10,536$3,821
28 years$35,661$26,207$18,941$13,497$9,506$3,291
29 years$34,060$24,723$17,627$12,377$8,584$2,836
30 years$32,569$23,348$16,418$11,359$7,756$2,444
31 years$31,177$22,072$15,306$10,433$7,012$2,107
32 years$29,875$20,885$14,281$9,588$6,343$1,817
33 years$28,654$19,778$13,334$8,817$5,741$1,567
34 years$27,507$18,745$12,459$8,112$5,197$1,352
35 years$26,428$17,779$11,648$7,468$4,708$1,166
36 years$25,412$16,875$10,897$6,878$4,265$1,006
37 years$24,452$16,028$10,199$6,337$3,866$868
38 years$23,546$15,232$9,551$5,841$3,505$749
39 years$22,688$14,484$8,948$5,385$3,178$647
40 years$21,875$13,780$8,387$4,967$2,883$558
41 years$21,103$13,118$7,864$4,583$2,615$482
42 years$20,370$12,493$7,377$4,230$2,373$416
43 years$19,674$11,903$6,922$3,904$2,154$359
44 years$19,010$11,346$6,498$3,605$1,955$310
45 years$18,378$10,820$6,101$3,329$1,775$268
46 years$17,776$10,322$5,731$3,075$1,611$231
47 years$17,200$9,850$5,384$2,841$1,463$200
48 years$16,650$9,403$5,059$2,625$1,329$172
49 years$16,125$8,979$4,755$2,426$1,207$149
50 years$15,622$8,577$4,471$2,243$1,096$128

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 $5,103 every year, while hoping to spend $40,476 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: 54/37/9 Blend
56$16,000,000$16,000,000$16,000,000$16,000,000
57$17,637,264$16,789,264$16,541,264$18,550,184
58$19,393,198$17,568,872$17,052,330$19,948,916
59$21,326,882$18,385,323$17,579,160$21,465,608
60$23,456,402$19,240,382$18,122,240$23,115,338
61$25,801,689$20,135,896$18,682,070$24,910,730
62$28,384,707$21,073,800$19,259,165$26,865,653
63$31,229,658$22,056,126$19,854,057$28,995,347
64$34,363,208$23,085,002$20,467,293$31,316,559
65$37,814,747$24,162,659$21,099,439$33,847,696
66$41,616,658$25,291,436$21,751,077$36,608,989
67$45,804,625$26,473,784$22,422,806$39,622,683
68$50,417,971$27,712,273$23,115,244$42,913,231
69$55,500,028$29,009,599$23,829,029$46,507,527
70$61,098,547$30,368,586$24,564,818$50,435,142
71$67,266,147$31,792,195$25,323,287$54,728,602
72$74,060,812$33,283,530$26,105,135$59,423,681
73$81,546,438$34,845,847$26,911,081$64,559,734
74$89,793,439$36,482,556$27,741,865$70,180,056
75$98,879,405$38,197,237$28,598,253$76,332,278
76$108,889,841$39,993,638$29,481,032$83,068,812
77$119,918,971$41,875,693$30,391,012$90,447,331
78$132,070,626$43,847,522$31,329,032$98,531,301
79$145,459,228$45,913,449$32,295,952$107,390,569
80$160,210,866$48,078,004$33,292,663$117,102,010
81$176,464,486$50,345,939$34,320,079$127,750,237
82$194,373,208$52,722,234$35,379,146$139,428,390
83$214,105,763$55,212,111$36,470,835$152,238,997
84$235,848,093$57,821,047$37,596,151$166,294,925
85$259,805,103$60,554,782$38,756,126$181,720,433
86$286,202,593$63,419,337$39,951,826$198,652,328
87$315,289,395$66,421,021$41,184,349$217,241,236
88$347,339,716$69,566,454$42,454,827$237,653,005
89$382,655,729$72,862,573$43,764,427$260,070,256
90$421,570,428$76,316,653$45,114,350$284,694,081
91$464,450,767$79,936,324$46,505,835$311,745,923
92$511,701,125$83,729,584$47,940,160$341,469,646
93$563,767,125$87,704,819$49,418,641$374,133,807
94$621,139,841$91,870,824$50,942,635$410,034,174
95$684,360,430$96,236,820$52,513,539$449,496,490
96$754,025,246$100,812,476$54,132,794$492,879,519
97$830,791,465$105,607,931$55,801,886$540,578,407
98$915,383,290$110,633,816$57,522,346$593,028,383
99$1,008,598,792$115,901,279$59,295,750$650,708,834
100$1,111,317,436$121,422,009$61,123,726$714,147,804