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%17%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,254,986
2 years$662,268$649,934$637,980$626,390$615,148$578,335
3 years$437,126$424,739$412,815$401,334$390,275$354,626
4 years$324,577$312,228$300,424$289,139$278,348$244,136
5 years$257,066$244,791$233,141$222,086$211,595$178,916
6 years$212,073$199,890$188,413$177,604$167,428$136,310
7 years$179,948$167,867$156,572$146,018$136,164$106,608
8 years$155,865$143,893$132,785$122,491$112,961$84,950
9 years$137,143$125,285$114,368$104,335$95,130$68,636
10 years$122,175$110,433$99,709$89,938$81,055$56,043
11 years$109,936$98,312$87,782$78,273$69,710$46,139
12 years$99,744$88,239$77,904$68,656$60,409$38,234
13 years$91,127$79,742$69,602$60,613$52,678$31,849
14 years$83,748$72,484$62,538$53,805$46,177$26,644
15 years$77,358$66,215$56,463$47,985$40,658$22,366
16 years$71,772$60,751$51,192$42,965$35,934$18,830
17 years$66,849$55,950$46,583$38,604$31,861$15,890
18 years$62,477$51,700$42,524$34,790$28,330$13,436
19 years$58,570$47,915$38,929$31,436$25,251$11,380
20 years$55,059$44,525$35,727$28,471$22,555$9,651
21 years$51,886$41,473$32,862$25,839$20,184$8,195
22 years$49,005$38,714$30,287$23,494$18,092$6,965
23 years$46,378$36,208$27,965$21,396$16,240$5,925
24 years$43,974$33,925$25,863$19,515$14,597$5,044
25 years$41,766$31,837$23,954$17,822$13,135$4,296
26 years$39,731$29,921$22,216$16,295$11,832$3,661
27 years$37,850$28,159$20,630$14,916$10,667$3,122
28 years$36,106$26,534$19,178$13,666$9,625$2,662
29 years$34,486$25,032$17,847$12,532$8,691$2,271
30 years$32,976$23,640$16,624$11,501$7,853$1,938
31 years$31,567$22,348$15,498$10,563$7,100$1,655
32 years$30,248$21,146$14,460$9,708$6,423$1,413
33 years$29,012$20,025$13,501$8,927$5,812$1,206
34 years$27,851$18,979$12,615$8,214$5,262$1,030
35 years$26,759$18,002$11,794$7,561$4,766$880
36 years$25,729$17,086$11,033$6,964$4,319$751
37 years$24,758$16,228$10,327$6,416$3,914$642
38 years$23,840$15,422$9,670$5,914$3,549$548
39 years$22,971$14,665$9,060$5,453$3,218$469
40 years$22,148$13,953$8,492$5,029$2,919$400
41 years$21,367$13,282$7,963$4,640$2,648$342
42 years$20,625$12,649$7,469$4,282$2,403$292
43 years$19,919$12,052$7,009$3,953$2,181$250
44 years$19,248$11,488$6,579$3,650$1,979$213
45 years$18,608$10,955$6,178$3,371$1,797$182
46 years$17,998$10,451$5,802$3,114$1,631$156
47 years$17,415$9,973$5,451$2,877$1,481$133
48 years$16,858$9,521$5,122$2,658$1,345$114
49 years$16,326$9,092$4,815$2,457$1,222$97
50 years$15,817$8,685$4,527$2,271$1,110$83

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 $6,366 every year, while hoping to spend $30,420 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: 65/18/17 Blend
56$16,200,000$16,200,000$16,200,000$16,200,000
57$17,858,967$17,000,367$16,749,267$18,944,619
58$19,648,214$17,801,018$17,278,000$20,473,478
59$21,618,946$18,639,882$17,823,427$22,139,419
60$23,789,641$19,518,798$18,386,074$23,959,183
61$26,180,662$20,439,696$18,966,485$25,947,819
62$28,814,447$21,404,600$19,565,221$28,121,878
63$31,715,725$22,415,629$20,182,860$30,499,575
64$34,911,743$23,475,009$20,819,999$33,100,953
65$38,432,526$24,585,070$21,477,255$35,948,067
66$42,311,162$25,748,257$22,155,261$39,065,193
67$46,584,113$26,967,134$22,854,675$42,479,044
68$51,291,557$28,244,388$23,576,171$46,219,030
69$56,477,770$29,582,837$24,320,446$50,317,518
70$62,191,542$30,985,436$25,088,221$54,810,142
71$68,486,640$32,455,283$25,880,237$59,736,130
72$75,422,313$33,995,626$26,697,260$65,138,670
73$83,063,849$35,609,873$27,540,079$71,065,311
74$91,483,200$37,301,594$28,409,510$77,568,408
75$100,759,649$39,074,535$29,306,391$84,705,608
76$110,980,569$40,932,623$30,231,591$92,540,390
77$122,242,240$42,879,975$31,186,003$101,142,654
78$134,650,765$44,920,910$32,170,550$110,589,377
79$148,323,063$47,059,954$33,186,183$120,965,334
80$163,387,979$49,301,857$34,233,885$132,363,884
81$179,987,501$51,651,595$35,314,667$144,887,849
82$198,278,093$54,114,390$36,429,575$158,650,477
83$218,432,179$56,695,716$37,579,687$173,776,497
84$240,639,768$59,401,312$38,766,113$190,403,292
85$265,110,247$62,237,200$39,990,001$208,682,184
86$292,074,360$65,209,690$41,252,533$228,779,855
87$321,786,383$68,325,403$42,554,931$250,879,907
88$354,526,526$71,591,280$43,898,453$275,184,587
89$390,603,578$75,014,599$45,284,398$301,916,683
90$430,357,823$78,602,995$46,714,106$331,321,618
91$474,164,250$82,364,471$48,188,958$363,669,750
92$522,436,096$86,307,423$49,710,380$399,258,917
93$575,628,744$90,440,652$51,279,844$438,417,230
94$634,244,023$94,773,391$52,898,865$481,506,160
95$698,834,946$99,315,320$54,569,011$528,923,933
96$770,010,932$104,076,592$56,291,894$581,109,277
97$848,443,555$109,067,853$58,069,180$638,545,543
98$934,872,888$114,300,268$59,902,588$701,765,255
99$1,030,114,488$119,785,547$61,793,890$771,355,121
100$1,135,067,095$125,535,968$63,744,915$847,961,547