Can I retire at age 57 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,258,358
2 years$670,444$657,958$645,856$634,123$622,742$573,545
3 years$442,523$429,982$417,912$406,289$395,093$347,648
4 years$328,585$316,083$304,133$292,708$281,784$236,451
5 years$260,239$247,813$236,019$224,828$214,208$171,105
6 years$214,691$202,358$190,739$179,797$169,495$128,653
7 years$182,169$169,940$158,505$147,821$137,845$99,251
8 years$157,789$145,670$134,425$124,003$114,356$77,974
9 years$138,836$126,832$115,780$105,623$96,304$62,083
10 years$123,683$111,796$100,940$91,048$82,056$49,933
11 years$111,293$99,525$88,866$79,239$70,571$40,474
12 years$100,976$89,329$78,866$69,503$61,155$33,009
13 years$92,252$80,727$70,462$61,361$53,328$27,051
14 years$84,782$73,379$63,310$54,470$46,747$22,255
15 years$78,313$67,033$57,160$48,577$41,160$18,367
16 years$72,658$61,501$51,824$43,496$36,377$15,197
17 years$67,674$56,640$47,158$39,081$32,255$12,601
18 years$63,249$52,338$43,049$35,219$28,679$10,465
19 years$59,294$48,506$39,409$31,824$25,563$8,704
20 years$55,738$45,075$36,168$28,823$22,833$7,248
21 years$52,526$41,985$33,268$26,158$20,433$6,041
22 years$49,610$39,192$30,661$23,784$18,315$5,039
23 years$46,951$36,655$28,310$21,660$16,441$4,207
24 years$44,517$34,343$26,182$19,756$14,777$3,513
25 years$42,282$32,230$24,250$18,042$13,297$2,936
26 years$40,222$30,291$22,491$16,497$11,978$2,454
27 years$38,317$28,507$20,885$15,100$10,799$2,052
28 years$36,552$26,862$19,415$13,835$9,744$1,716
29 years$34,912$25,341$18,067$12,687$8,799$1,436
30 years$33,383$23,932$16,829$11,643$7,950$1,201
31 years$31,956$22,624$15,689$10,693$7,188$1,005
32 years$30,621$21,407$14,638$9,827$6,502$841
33 years$29,370$20,273$13,668$9,037$5,884$704
34 years$28,195$19,214$12,770$8,315$5,327$590
35 years$27,089$18,224$11,939$7,654$4,825$494
36 years$26,047$17,297$11,169$7,049$4,372$413
37 years$25,064$16,428$10,454$6,495$3,962$346
38 years$24,134$15,613$9,790$5,987$3,592$290
39 years$23,255$14,846$9,172$5,520$3,258$243
40 years$22,421$14,125$8,597$5,091$2,955$203
41 years$21,631$13,446$8,061$4,698$2,681$170
42 years$20,880$12,805$7,562$4,335$2,432$142
43 years$20,165$12,201$7,096$4,002$2,208$119
44 years$19,486$11,630$6,660$3,695$2,004$100
45 years$18,838$11,090$6,254$3,413$1,819$84
46 years$18,220$10,580$5,874$3,152$1,652$70
47 years$17,630$10,096$5,518$2,912$1,500$59
48 years$17,067$9,638$5,186$2,691$1,362$49
49 years$16,528$9,204$4,874$2,487$1,237$41
50 years$16,012$8,792$4,582$2,299$1,124$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,400,000, adding $5,956 every year, while hoping to spend $26,343 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: 50/31/19 Blend
56$16,400,000$16,400,000$16,400,000$16,400,000
57$18,078,944$17,209,744$16,955,544$18,886,964
58$19,894,967$18,024,992$17,495,526$20,261,217
59$21,895,342$18,879,305$18,052,714$21,750,714
60$24,098,845$19,774,569$18,627,658$23,368,939
61$26,526,165$20,712,761$19,220,922$25,128,048
62$29,200,103$21,695,955$19,833,092$27,041,392
63$32,145,783$22,726,327$20,464,771$29,123,640
64$35,390,892$23,806,156$21,116,579$31,390,912
65$38,965,938$24,937,833$21,789,160$33,860,921
66$42,904,542$26,123,865$22,483,175$36,553,137
67$47,243,752$27,366,881$23,199,308$39,488,964
68$52,024,394$28,669,637$23,938,264$42,691,931
69$57,291,458$30,035,025$24,700,772$46,187,911
70$63,094,520$31,466,075$25,487,581$50,005,353
71$69,488,214$32,965,966$26,299,468$54,175,547
72$76,532,744$34,538,029$27,137,232$58,732,905
73$84,294,452$36,185,761$28,001,697$63,715,282
74$92,846,448$37,912,826$28,893,717$69,164,320
75$102,269,299$39,723,067$29,814,169$75,125,832
76$112,651,783$41,620,514$30,763,960$81,650,226
77$124,091,739$43,609,392$31,744,026$88,792,968
78$136,696,978$45,694,134$32,755,333$96,615,093
79$150,586,310$47,879,387$33,798,877$105,183,772
80$165,890,661$50,170,024$34,875,686$114,572,932
81$182,754,308$52,571,155$35,986,821$124,863,940
82$201,336,246$55,088,140$37,133,378$136,146,360
83$221,811,682$57,726,598$38,316,486$148,518,782
84$244,373,696$60,492,424$39,537,311$162,089,737
85$269,235,059$63,391,798$40,797,056$176,978,708
86$296,630,240$66,431,201$42,096,962$193,317,241
87$326,817,625$69,617,432$43,438,312$211,250,167
88$360,081,954$72,957,617$44,822,426$230,936,956
89$396,737,006$76,459,232$46,250,670$252,553,199
90$437,128,563$80,130,118$47,724,450$276,292,249
91$481,637,678$83,978,494$49,245,220$302,367,024
92$530,684,265$88,012,985$50,814,479$331,011,995
93$584,731,070$92,242,631$52,433,774$362,485,380
94$644,288,035$96,676,915$54,104,701$397,071,554
95$709,917,114$101,325,783$55,828,908$435,083,711
96$782,237,577$106,199,664$57,608,094$476,866,795
97$861,931,858$111,309,496$59,444,013$522,800,729
98$949,751,997$116,666,751$61,338,477$573,303,972
99$1,046,526,736$122,283,458$63,293,352$628,837,441
100$1,153,169,351$128,172,235$65,310,567$689,908,832