Can I retire at age 57 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$975,225
2 years$506,921$497,480$488,330$479,459$470,854$457,208
3 years$334,590$325,109$315,982$307,194$298,729$285,430
4 years$248,442$238,989$229,954$221,316$213,056$200,206
5 years$196,766$187,371$178,454$169,992$161,962$149,598
6 years$162,327$153,002$144,217$135,944$128,155$116,292
7 years$137,738$128,491$119,845$111,767$104,224$92,867
8 years$119,304$110,140$101,638$93,759$86,464$75,611
9 years$104,974$95,897$87,541$79,861$72,815$62,461
10 years$93,517$84,529$76,320$68,841$62,042$52,179
11 years$84,149$75,251$67,191$59,913$53,358$43,977
12 years$76,348$67,541$59,630$52,551$46,239$37,329
13 years$69,752$61,037$53,276$46,395$40,322$31,870
14 years$64,103$55,481$47,869$41,184$35,346$27,341
15 years$59,212$50,683$43,219$36,729$31,121$23,548
16 years$54,937$46,501$39,184$32,887$27,505$20,350
17 years$51,168$42,826$35,656$29,549$24,388$17,637
18 years$47,822$39,573$32,549$26,629$21,684$15,322
19 years$44,832$36,676$29,797$24,062$19,328$13,338
20 years$42,144$34,081$27,347$21,793$17,264$11,632
21 years$39,715$31,745$25,154$19,778$15,449$10,160
22 years$37,510$29,633$23,183$17,983$13,848$8,885
23 years$35,499$27,715$21,405$16,377$12,431$7,780
24 years$33,659$25,967$19,796$14,937$11,173$6,819
25 years$31,969$24,369$18,335$13,641$10,054$5,981
26 years$30,411$22,903$17,005$12,473$9,056$5,251
27 years$28,972$21,554$15,791$11,417$8,165$4,612
28 years$27,637$20,310$14,680$10,460$7,368$4,054
29 years$26,397$19,160$13,661$9,592$6,653$3,565
30 years$25,241$18,095$12,724$8,803$6,011$3,136
31 years$24,162$17,106$11,863$8,085$5,435$2,760
32 years$23,153$16,186$11,068$7,431$4,916$2,430
33 years$22,207$15,328$10,334$6,833$4,449$2,140
34 years$21,318$14,527$9,656$6,287$4,028$1,885
35 years$20,482$13,779$9,027$5,787$3,648$1,661
36 years$19,694$13,078$8,445$5,330$3,306$1,464
37 years$18,951$12,421$7,904$4,911$2,996$1,290
38 years$18,248$11,805$7,402$4,527$2,716$1,138
39 years$17,583$11,225$6,935$4,174$2,463$1,003
40 years$16,953$10,680$6,500$3,850$2,234$885
41 years$16,355$10,166$6,095$3,552$2,027$780
42 years$15,787$9,682$5,717$3,278$1,839$688
43 years$15,247$9,225$5,365$3,026$1,669$607
44 years$14,733$8,793$5,036$2,794$1,515$535
45 years$14,243$8,385$4,729$2,580$1,375$472
46 years$13,776$7,999$4,441$2,383$1,249$417
47 years$13,330$7,634$4,172$2,202$1,134$368
48 years$12,904$7,287$3,921$2,035$1,030$324
49 years$12,497$6,959$3,685$1,880$935$286
50 years$12,107$6,648$3,465$1,738$850$253

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,400,000, adding $4,076 every year, while hoping to spend $58,580 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$12,400,000$12,400,000$12,400,000$12,400,000
57$13,669,004$13,011,804$12,819,604$14,306,600
58$15,000,914$13,587,054$13,186,732$15,323,105
59$16,466,715$14,188,528$13,564,196$16,423,345
60$18,080,003$14,817,448$13,952,279$17,620,594
61$19,855,757$15,475,097$14,351,274$18,924,222
62$21,810,484$16,162,816$14,761,481$20,344,537
63$23,962,369$16,882,010$15,183,207$21,892,879
64$26,331,454$17,634,152$15,616,768$23,581,726
65$28,939,822$18,420,785$16,062,489$25,424,803
66$31,811,803$19,243,522$16,520,701$27,437,217
67$34,974,210$20,104,058$16,991,748$29,635,590
68$38,456,587$21,004,164$17,475,979$32,038,217
69$42,291,489$21,945,699$17,973,755$34,665,233
70$46,514,789$22,930,607$18,485,444$37,538,803
71$51,166,018$23,960,927$19,011,427$40,683,324
72$56,288,734$25,038,794$19,552,091$44,125,654
73$61,930,935$26,166,446$20,107,837$47,895,360
74$68,145,515$27,346,226$20,679,075$52,024,997
75$74,990,758$28,580,591$21,266,223$56,550,409
76$82,530,889$29,872,114$21,869,715$61,511,060
77$90,836,681$31,223,489$22,489,993$66,950,409
78$99,986,126$32,637,543$23,127,511$72,916,311
79$110,065,163$34,117,235$23,782,734$79,461,466
80$121,168,496$35,665,666$24,456,142$86,643,908
81$133,400,484$37,286,086$25,148,225$94,527,555
82$146,876,129$38,981,899$25,859,486$103,182,801
83$161,722,157$40,756,674$26,590,441$112,687,175
84$178,078,216$42,614,151$27,341,620$123,126,073
85$196,098,196$44,558,246$28,113,566$134,593,551
86$215,951,677$46,593,066$28,906,836$147,193,212
87$237,825,535$48,722,913$29,722,003$161,039,175
88$261,925,701$50,952,297$30,559,650$176,257,147
89$288,479,105$53,285,942$31,420,381$192,985,599
90$317,735,821$55,728,800$32,304,812$211,377,074
91$349,971,426$58,286,062$33,213,573$231,599,610
92$385,489,598$60,963,166$34,147,315$253,838,325
93$424,624,988$63,765,813$35,106,702$278,297,153
94$467,746,375$66,699,976$36,092,414$305,200,764
95$515,260,147$69,771,916$37,105,152$334,796,671
96$567,614,138$72,988,196$38,145,631$367,357,562
97$625,301,857$76,355,694$39,214,585$403,183,862
98$688,867,141$79,881,618$40,312,769$442,606,561
99$758,909,296$83,573,524$41,440,954$485,990,325
100$836,088,749$87,439,331$42,599,930$533,736,931