Can I retire at age 57 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,284,208
2 years$662,268$649,934$637,980$626,390$615,148$607,478
3 years$437,126$424,739$412,815$401,334$390,275$382,775
4 years$324,577$312,228$300,424$289,139$278,348$271,075
5 years$257,066$244,791$233,141$222,086$211,595$204,572
6 years$212,073$199,890$188,413$177,604$167,428$160,663
7 years$179,948$167,867$156,572$146,018$136,164$129,660
8 years$155,865$143,893$132,785$122,491$112,961$106,719
9 years$137,143$125,285$114,368$104,335$95,130$89,148
10 years$122,175$110,433$99,709$89,938$81,055$75,331
11 years$109,936$98,312$87,782$78,273$69,710$64,239
12 years$99,744$88,239$77,904$68,656$60,409$55,187
13 years$91,127$79,742$69,602$60,613$52,678$47,700
14 years$83,748$72,484$62,538$53,805$46,177$41,437
15 years$77,358$66,215$56,463$47,985$40,658$36,149
16 years$71,772$60,751$51,192$42,965$35,934$31,650
17 years$66,849$55,950$46,583$38,604$31,861$27,797
18 years$62,477$51,700$42,524$34,790$28,330$24,476
19 years$58,570$47,915$38,929$31,436$25,251$21,602
20 years$55,059$44,525$35,727$28,471$22,555$19,103
21 years$51,886$41,473$32,862$25,839$20,184$16,922
22 years$49,005$38,714$30,287$23,494$18,092$15,013
23 years$46,378$36,208$27,965$21,396$16,240$13,337
24 years$43,974$33,925$25,863$19,515$14,597$11,861
25 years$41,766$31,837$23,954$17,822$13,135$10,560
26 years$39,731$29,921$22,216$16,295$11,832$9,410
27 years$37,850$28,159$20,630$14,916$10,667$8,392
28 years$36,106$26,534$19,178$13,666$9,625$7,489
29 years$34,486$25,032$17,847$12,532$8,691$6,688
30 years$32,976$23,640$16,624$11,501$7,853$5,975
31 years$31,567$22,348$15,498$10,563$7,100$5,341
32 years$30,248$21,146$14,460$9,708$6,423$4,777
33 years$29,012$20,025$13,501$8,927$5,812$4,274
34 years$27,851$18,979$12,615$8,214$5,262$3,825
35 years$26,759$18,002$11,794$7,561$4,766$3,425
36 years$25,729$17,086$11,033$6,964$4,319$3,067
37 years$24,758$16,228$10,327$6,416$3,914$2,747
38 years$23,840$15,422$9,670$5,914$3,549$2,461
39 years$22,971$14,665$9,060$5,453$3,218$2,206
40 years$22,148$13,953$8,492$5,029$2,919$1,977
41 years$21,367$13,282$7,963$4,640$2,648$1,772
42 years$20,625$12,649$7,469$4,282$2,403$1,589
43 years$19,919$12,052$7,009$3,953$2,181$1,425
44 years$19,248$11,488$6,579$3,650$1,979$1,278
45 years$18,608$10,955$6,178$3,371$1,797$1,146
46 years$17,998$10,451$5,802$3,114$1,631$1,028
47 years$17,415$9,973$5,451$2,877$1,481$922
48 years$16,858$9,521$5,122$2,658$1,345$827
49 years$16,326$9,092$4,815$2,457$1,222$742
50 years$15,817$8,685$4,527$2,271$1,110$666

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,200,000, adding $3,502 every year, while hoping to spend $27,792 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: 61/22/17 Blend
56$16,200,000$16,200,000$16,200,000$16,200,000
57$17,856,012$16,997,412$16,746,312$18,867,790
58$19,647,755$17,800,715$17,277,743$20,353,603
59$21,621,324$18,642,448$17,826,046$21,970,938
60$23,795,236$19,524,465$18,391,756$23,735,305
61$26,189,897$20,448,710$18,975,426$25,660,967
62$28,827,790$21,417,221$19,577,626$27,763,609
63$31,733,694$22,432,134$20,198,946$30,060,483
64$34,934,913$23,495,690$20,839,992$32,570,568
65$38,461,533$24,610,239$21,501,392$35,314,741
66$42,346,712$25,778,243$22,183,791$38,315,973
67$46,626,985$27,002,286$22,887,856$41,599,538
68$51,342,615$28,285,075$23,614,277$45,193,246
69$56,537,969$29,629,450$24,363,762$49,127,702
70$62,261,938$31,038,390$25,137,045$53,436,589
71$68,568,402$32,515,017$25,934,881$58,156,978
72$75,516,730$34,062,604$26,758,051$63,329,672
73$83,172,350$35,684,585$27,607,359$68,999,586
74$91,607,360$37,384,560$28,483,636$75,216,163
75$100,901,211$39,166,304$29,387,738$82,033,833
76$111,141,456$41,033,775$30,320,550$89,512,520
77$122,424,579$42,991,124$31,282,982$97,718,201
78$134,856,902$45,042,704$32,275,978$106,723,517
79$148,555,589$47,193,080$33,300,506$116,608,453
80$163,649,755$49,447,038$34,357,569$127,461,083
81$180,281,684$51,809,596$35,448,202$139,378,393
82$198,608,169$54,286,019$36,573,469$152,467,185
83$218,801,994$56,881,826$37,734,472$166,845,075
84$241,053,567$59,602,805$38,932,347$182,641,595
85$265,572,714$62,455,026$40,168,264$199,999,400
86$292,590,662$65,444,853$41,443,432$219,075,607
87$322,362,220$68,578,962$42,759,098$240,043,265
88$355,168,189$71,864,353$44,116,550$263,092,973
89$391,318,004$75,308,366$45,517,114$288,434,669
90$431,152,664$78,918,700$46,962,161$316,299,596
91$475,047,947$82,703,427$48,453,104$346,942,471
92$523,417,956$86,671,014$49,991,402$380,643,874
93$576,719,032$90,830,338$51,578,559$417,712,878
94$635,454,060$95,190,712$53,216,127$458,489,956
95$700,177,217$99,761,899$54,905,710$503,350,169
96$771,499,200$104,554,140$56,648,959$552,706,697
97$850,092,999$109,578,173$58,447,579$607,014,714
98$936,700,244$114,845,262$60,303,332$666,775,667
99$1,032,138,206$120,367,218$62,218,031$732,541,988
100$1,137,307,519$126,156,427$64,193,551$804,922,287