Can I retire at age 57 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,275,629
2 years$666,356$653,946$641,918$630,257$618,945$594,699
3 years$439,824$427,361$415,363$403,811$392,684$369,103
4 years$326,581$314,155$302,278$290,923$280,066$257,331
5 years$258,653$246,302$234,580$223,457$212,901$191,079
6 years$213,382$201,124$189,576$178,700$168,462$147,575
7 years$181,058$168,903$157,538$146,919$137,004$117,059
8 years$156,827$144,781$133,605$123,247$113,658$94,649
9 years$137,990$126,058$115,074$104,979$95,717$77,632
10 years$122,929$111,114$100,324$90,493$81,556$64,379
11 years$110,615$98,918$88,324$78,756$70,140$53,853
12 years$100,360$88,784$78,385$69,080$60,782$45,361
13 years$91,690$80,235$70,032$60,987$53,003$38,423
14 years$84,265$72,931$62,924$54,137$46,462$32,697
15 years$77,835$66,624$56,812$48,281$40,909$27,931
16 years$72,215$61,126$51,508$43,230$36,156$23,936
17 years$67,261$56,295$46,870$38,842$32,058$20,568
18 years$62,863$52,019$42,787$35,005$28,505$17,714
19 years$58,932$48,211$39,169$31,630$25,407$15,285
20 years$55,399$44,800$35,948$28,647$22,694$13,211
21 years$52,206$41,729$33,065$25,999$20,308$11,435
22 years$49,307$38,953$30,474$23,639$18,204$9,909
23 years$46,665$36,432$28,138$21,528$16,341$8,596
24 years$44,246$34,134$26,023$19,635$14,687$7,463
25 years$42,024$32,033$24,102$17,932$13,216$6,485
26 years$39,976$30,106$22,353$16,396$11,905$5,639
27 years$38,084$28,333$20,757$15,008$10,733$4,906
28 years$36,329$26,698$19,296$13,750$9,685$4,270
29 years$34,699$25,187$17,957$12,609$8,745$3,719
30 years$33,180$23,786$16,726$11,572$7,902$3,239
31 years$31,762$22,486$15,593$10,628$7,144$2,823
32 years$30,435$21,276$14,549$9,768$6,462$2,461
33 years$29,191$20,149$13,584$8,982$5,848$2,145
34 years$28,023$19,097$12,692$8,264$5,295$1,871
35 years$26,924$18,113$11,867$7,608$4,796$1,632
36 years$25,888$17,192$11,101$7,007$4,345$1,424
37 years$24,911$16,328$10,390$6,456$3,938$1,242
38 years$23,987$15,518$9,730$5,950$3,570$1,084
39 years$23,113$14,756$9,116$5,486$3,238$946
40 years$22,285$14,039$8,544$5,060$2,937$826
41 years$21,499$13,364$8,012$4,669$2,664$721
42 years$20,752$12,727$7,515$4,309$2,418$629
43 years$20,042$12,126$7,052$3,978$2,194$549
44 years$19,367$11,559$6,620$3,673$1,992$479
45 years$18,723$11,023$6,216$3,392$1,808$419
46 years$18,109$10,515$5,838$3,133$1,642$366
47 years$17,523$10,035$5,485$2,895$1,491$319
48 years$16,963$9,579$5,154$2,675$1,354$279
49 years$16,427$9,148$4,845$2,472$1,229$243
50 years$15,914$8,738$4,555$2,285$1,117$212

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,300,000, adding $3,155 every year, while hoping to spend $43,467 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: 55/15/30 Blend
56$16,300,000$16,300,000$16,300,000$16,300,000
57$17,965,854$17,101,954$16,849,304$18,803,984
58$19,752,123$17,893,702$17,367,508$20,175,531
59$21,719,134$18,722,788$17,901,614$21,663,899
60$23,885,278$19,590,996$18,452,110$23,284,203
61$26,270,818$20,500,197$19,019,497$25,049,174
62$28,898,084$21,452,349$19,604,293$26,972,815
63$31,791,683$22,449,508$20,207,031$29,070,528
64$34,978,727$23,493,827$20,828,259$31,359,256
65$38,489,095$24,587,562$21,468,543$33,857,638
66$42,355,710$25,733,080$22,128,467$36,586,184
67$46,614,853$26,932,862$22,808,631$39,567,458
68$51,306,503$28,189,506$23,509,655$42,826,294
69$56,474,714$29,505,740$24,232,177$46,390,020
70$62,168,034$30,884,421$24,976,854$50,288,714
71$68,439,959$32,328,543$25,744,364$54,555,482
72$75,349,440$33,841,246$26,535,405$59,226,765
73$82,961,438$35,425,824$27,350,697$64,342,678
74$91,347,542$37,085,725$28,190,982$69,947,381
75$100,586,634$38,824,569$29,057,023$76,089,494
76$110,765,646$40,646,148$29,949,609$82,822,546
77$121,980,371$42,554,439$30,869,550$90,205,476
78$134,336,372$44,553,610$31,817,683$98,303,179
79$147,949,977$46,648,031$32,794,869$107,187,118
80$162,949,374$48,842,284$33,801,998$116,935,984
81$179,475,828$51,141,174$34,839,982$127,636,437
82$197,685,007$53,549,736$35,909,766$139,383,912
83$217,748,456$56,073,251$37,012,321$152,283,516
84$239,855,213$58,717,255$38,148,649$166,451,007
85$264,213,597$61,487,552$39,319,780$182,013,879
86$291,053,170$64,390,228$40,526,779$199,112,557
87$320,626,907$67,431,664$41,770,740$217,901,715
88$353,213,585$70,618,548$43,052,793$238,551,720
89$389,120,410$73,957,897$44,374,101$261,250,236
90$428,685,921$77,457,063$45,735,863$286,203,980
91$472,283,183$81,123,757$47,139,313$313,640,664
92$520,323,313$84,966,066$48,585,725$343,811,132
93$573,259,353$88,992,466$50,076,409$376,991,714
94$631,590,557$93,211,846$51,612,718$413,486,826
95$695,867,093$97,633,527$53,196,044$453,631,823
96$766,695,247$102,267,280$54,827,822$497,796,158
97$844,743,139$107,123,353$56,509,530$546,386,850
98$930,747,032$112,212,490$58,242,693$599,852,311
99$1,025,518,285$117,545,958$60,028,879$658,686,566
100$1,129,951,011$123,135,571$61,869,706$723,433,897