Can I retire at age 57 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,272,548
2 years$658,180$645,922$634,042$622,523$611,351$599,976
3 years$434,428$422,117$410,267$398,857$387,866$376,757
4 years$322,574$310,301$298,569$287,354$276,629$265,871
5 years$255,479$243,280$231,702$220,715$210,289$199,914
6 years$210,764$198,656$187,250$176,508$166,395$156,415
7 years$178,837$166,831$155,605$145,117$135,323$125,744
8 years$154,902$143,005$131,966$121,735$112,264$103,085
9 years$136,297$124,512$113,662$103,691$94,542$85,761
10 years$121,421$109,751$99,093$89,383$80,555$72,165
11 years$109,257$97,705$87,240$77,790$69,280$61,276
12 years$99,129$87,694$77,423$68,232$60,036$52,411
13 years$90,565$79,250$69,173$60,239$52,353$45,097
14 years$83,231$72,036$62,152$53,473$45,892$38,996
15 years$76,880$65,806$56,115$47,689$40,407$33,861
16 years$71,329$60,376$50,876$42,700$35,712$29,506
17 years$66,436$55,604$46,295$38,366$31,665$25,788
18 years$62,092$51,381$42,262$34,575$28,155$22,596
19 years$58,209$47,619$38,689$31,242$25,095$19,842
20 years$54,719$44,250$35,506$28,295$22,415$17,458
21 years$51,565$41,217$32,659$25,680$20,059$15,385
22 years$48,702$38,475$30,100$23,349$17,980$13,578
23 years$46,092$35,985$27,792$21,264$16,140$11,998
24 years$43,703$33,715$25,703$19,394$14,507$10,614
25 years$41,508$31,640$23,806$17,712$13,054$9,398
26 years$39,486$29,737$22,079$16,195$11,759$8,329
27 years$37,616$27,986$20,502$14,824$10,601$7,387
28 years$35,883$26,371$19,060$13,582$9,566$6,556
29 years$34,273$24,878$17,737$12,455$8,638$5,821
30 years$32,773$23,494$16,521$11,430$7,805$5,172
31 years$31,372$22,210$15,402$10,498$7,056$4,597
32 years$30,061$21,015$14,370$9,648$6,383$4,088
33 years$28,833$19,902$13,418$8,872$5,777$3,636
34 years$27,679$18,862$12,537$8,163$5,230$3,235
35 years$26,593$17,891$11,721$7,514$4,737$2,879
36 years$25,571$16,981$10,965$6,921$4,292$2,563
37 years$24,605$16,128$10,263$6,376$3,890$2,283
38 years$23,693$15,327$9,611$5,877$3,527$2,033
39 years$22,829$14,575$9,004$5,419$3,198$1,811
40 years$22,011$13,867$8,440$4,998$2,901$1,613
41 years$21,235$13,200$7,914$4,612$2,632$1,438
42 years$20,498$12,571$7,423$4,256$2,388$1,281
43 years$19,797$11,978$6,966$3,929$2,167$1,142
44 years$19,129$11,417$6,539$3,628$1,967$1,018
45 years$18,493$10,887$6,139$3,350$1,786$907
46 years$17,887$10,386$5,766$3,095$1,621$809
47 years$17,308$9,911$5,417$2,859$1,472$721
48 years$16,754$9,462$5,091$2,642$1,337$643
49 years$16,225$9,035$4,785$2,442$1,214$573
50 years$15,719$8,631$4,499$2,257$1,103$511

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,100,000, adding $3,646 every year, while hoping to spend $20,565 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: 63/26/11 Blend
56$16,100,000$16,100,000$16,100,000$16,100,000
57$17,745,961$16,892,661$16,643,111$18,819,384
58$19,534,168$17,698,520$17,178,774$20,343,620
59$21,504,083$18,543,177$17,731,693$22,004,539
60$23,674,218$19,428,512$18,302,423$23,817,584
61$26,064,974$20,356,494$18,891,540$25,797,521
62$28,698,830$21,329,192$19,499,635$27,960,588
63$31,600,559$22,348,771$20,127,322$30,324,644
64$34,797,460$23,417,504$20,775,231$32,909,333
65$38,319,615$24,537,776$21,444,015$35,736,265
66$42,200,172$25,712,084$22,134,346$38,829,211
67$46,475,664$26,943,050$22,846,921$42,214,328
68$51,186,344$28,233,422$23,582,456$45,920,394
69$56,376,574$29,586,082$24,341,691$49,979,077
70$62,095,238$31,004,054$25,125,391$54,425,227
71$68,396,206$32,490,506$25,934,345$59,297,199
72$75,338,841$34,048,762$26,769,367$64,637,204
73$82,988,560$35,682,310$27,631,298$70,491,706
74$91,417,454$37,394,803$28,521,007$76,911,850
75$100,704,962$39,190,077$29,439,389$83,953,937
76$110,938,629$41,072,151$30,387,369$91,679,944
77$122,214,925$43,045,242$31,365,902$100,158,108
78$134,640,160$45,113,772$32,375,973$109,463,553
79$148,331,488$47,282,379$33,418,600$119,678,995
80$163,418,010$49,555,925$34,494,832$130,895,508
81$180,041,993$51,939,511$35,605,755$143,213,380
82$198,360,216$54,438,487$36,752,488$156,743,039
83$218,545,446$57,058,461$37,936,185$171,606,095
84$240,788,074$59,805,318$39,158,039$187,936,466
85$265,297,906$62,685,227$40,419,281$205,881,637
86$292,306,148$65,704,659$41,721,183$225,604,035
87$322,067,588$68,870,400$43,065,056$247,282,547
88$354,863,001$72,189,569$44,452,254$271,114,201
89$391,001,799$75,669,629$45,884,176$297,316,003
90$430,824,951$79,318,410$47,362,265$326,126,975
91$474,708,205$83,144,121$48,888,010$357,810,392
92$523,065,633$87,155,374$50,462,949$392,656,251
93$576,353,540$91,361,200$52,088,671$430,983,990
94$635,074,773$95,771,070$53,766,813$473,145,486
95$699,783,467$100,394,920$55,499,068$519,528,353
96$771,090,276$105,243,166$57,287,182$570,559,586
97$849,668,139$110,326,737$59,132,958$626,709,565
98$936,258,635$115,657,092$61,038,258$688,496,474
99$1,031,678,977$121,246,252$63,005,001$756,491,170
100$1,136,829,737$127,106,822$65,035,173$831,322,546