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

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,232,899
2 years$658,180$645,922$634,042$622,523$611,351$560,663
3 years$434,428$422,117$410,267$398,857$387,866$339,025
4 years$322,574$310,301$298,569$287,354$276,629$230,006
5 years$255,479$243,280$231,702$220,715$210,289$166,003
6 years$210,764$198,656$187,250$176,508$166,395$124,473
7 years$178,837$166,831$155,605$145,117$135,323$95,751
8 years$154,902$143,005$131,966$121,735$112,264$75,001
9 years$136,297$124,512$113,662$103,691$94,542$59,533
10 years$121,421$109,751$99,093$89,383$80,555$47,730
11 years$109,257$97,705$87,240$77,790$69,280$38,563
12 years$99,129$87,694$77,423$68,232$60,036$31,345
13 years$90,565$79,250$69,173$60,239$52,353$25,600
14 years$83,231$72,036$62,152$53,473$45,892$20,987
15 years$76,880$65,806$56,115$47,689$40,407$17,259
16 years$71,329$60,376$50,876$42,700$35,712$14,228
17 years$66,436$55,604$46,295$38,366$31,665$11,754
18 years$62,092$51,381$42,262$34,575$28,155$9,726
19 years$58,209$47,619$38,689$31,242$25,095$8,058
20 years$54,719$44,250$35,506$28,295$22,415$6,685
21 years$51,565$41,217$32,659$25,680$20,059$5,550
22 years$48,702$38,475$30,100$23,349$17,980$4,612
23 years$46,092$35,985$27,792$21,264$16,140$3,834
24 years$43,703$33,715$25,703$19,394$14,507$3,190
25 years$41,508$31,640$23,806$17,712$13,054$2,654
26 years$39,486$29,737$22,079$16,195$11,759$2,210
27 years$37,616$27,986$20,502$14,824$10,601$1,840
28 years$35,883$26,371$19,060$13,582$9,566$1,533
29 years$34,273$24,878$17,737$12,455$8,638$1,277
30 years$32,773$23,494$16,521$11,430$7,805$1,064
31 years$31,372$22,210$15,402$10,498$7,056$887
32 years$30,061$21,015$14,370$9,648$6,383$739
33 years$28,833$19,902$13,418$8,872$5,777$616
34 years$27,679$18,862$12,537$8,163$5,230$514
35 years$26,593$17,891$11,721$7,514$4,737$428
36 years$25,571$16,981$10,965$6,921$4,292$357
37 years$24,605$16,128$10,263$6,376$3,890$298
38 years$23,693$15,327$9,611$5,877$3,527$248
39 years$22,829$14,575$9,004$5,419$3,198$207
40 years$22,011$13,867$8,440$4,998$2,901$173
41 years$21,235$13,200$7,914$4,612$2,632$144
42 years$20,498$12,571$7,423$4,256$2,388$120
43 years$19,797$11,978$6,966$3,929$2,167$100
44 years$19,129$11,417$6,539$3,628$1,967$84
45 years$18,493$10,887$6,139$3,350$1,786$70
46 years$17,887$10,386$5,766$3,095$1,621$58
47 years$17,308$9,911$5,417$2,859$1,472$48
48 years$16,754$9,462$5,091$2,642$1,337$40
49 years$16,225$9,035$4,785$2,442$1,214$34
50 years$15,719$8,631$4,499$2,257$1,103$28

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 $6,639 every year, while hoping to spend $23,783 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: 81/6/13 Blend
56$16,100,000$16,100,000$16,100,000$16,100,000
57$17,749,048$16,895,748$16,646,198$19,142,458
58$19,534,146$17,698,335$17,178,541$20,860,801
59$21,500,527$18,539,451$17,727,920$22,742,855
60$23,666,656$19,420,960$18,294,881$24,808,116
61$26,052,883$20,344,815$18,879,987$27,074,945
62$28,681,630$21,313,064$19,483,820$29,563,565
63$31,577,607$22,327,854$20,106,978$32,296,248
64$34,768,042$23,391,439$20,750,081$35,297,525
65$38,282,942$24,506,178$21,413,768$38,594,412
66$42,155,371$25,674,550$22,098,699$42,216,670
67$46,421,766$26,899,151$22,805,553$46,197,078
68$51,122,280$28,182,703$23,535,033$50,571,741
69$56,301,160$29,528,062$24,287,863$55,380,434
70$62,007,164$30,938,223$25,064,792$60,666,968
71$68,294,024$32,416,325$25,866,592$66,479,606
72$75,220,950$33,965,661$26,694,059$72,871,516
73$82,853,193$35,589,684$27,548,015$79,901,268
74$91,262,655$37,292,015$28,429,310$87,633,388
75$100,528,573$39,076,451$29,338,819$96,138,959
76$110,738,264$40,946,974$30,277,447$105,496,295
77$121,987,951$42,907,759$31,246,125$115,791,674
78$134,383,669$44,963,186$32,245,817$127,120,151
79$148,042,267$47,117,847$33,277,516$139,586,451
80$163,092,514$49,376,557$34,342,249$153,305,955
81$179,676,309$51,744,367$35,441,072$168,405,786
82$197,950,025$54,226,573$36,575,080$185,026,006
83$218,085,981$56,828,729$37,745,400$203,320,933
84$240,274,075$59,556,660$38,953,194$223,460,593
85$264,723,568$62,416,474$40,199,664$245,632,327
86$291,665,069$65,414,578$41,486,049$270,042,547
87$321,352,702$68,557,689$42,813,628$296,918,688
88$354,066,515$71,852,853$44,183,722$326,511,345
89$390,115,116$75,307,459$45,597,693$359,096,635
90$429,838,590$78,929,256$47,056,947$394,978,804
91$473,611,707$82,726,371$48,562,936$434,493,084
92$521,847,464$86,707,326$50,117,157$478,008,864
93$575,000,980$90,881,060$51,721,157$525,933,161
94$633,573,794$95,256,946$53,376,530$578,714,465
95$698,118,601$99,844,817$55,084,924$636,846,961
96$769,244,467$104,654,981$56,848,038$700,875,193
97$847,622,582$109,698,254$58,667,626$771,399,193
98$933,992,592$114,985,975$60,545,498$849,080,142
99$1,029,169,587$120,530,039$62,483,523$934,646,606
100$1,134,051,793$126,342,919$64,483,629$1,028,901,403