Can I retire at age 57 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$975,048
2 years$511,009$501,492$492,268$483,326$474,651$452,879
3 years$337,289$327,731$318,530$309,671$301,138$279,992
4 years$250,446$240,917$231,808$223,101$214,774$194,418
5 years$198,353$188,882$179,893$171,363$163,268$143,758
6 years$163,636$154,236$145,380$137,040$129,188$110,546
7 years$138,848$129,527$120,812$112,668$105,065$87,293
8 years$120,266$111,029$102,458$94,515$87,161$70,255
9 years$105,820$96,670$88,247$80,506$73,402$57,348
10 years$94,271$85,210$76,936$69,397$62,543$47,324
11 years$84,827$75,858$67,733$60,396$53,789$39,387
12 years$76,963$68,086$60,111$52,975$46,612$33,004
13 years$70,314$61,530$53,705$46,769$40,647$27,808
14 years$64,620$55,929$48,255$41,516$35,631$23,536
15 years$59,690$51,092$43,567$37,025$31,372$19,994
16 years$55,380$46,876$39,500$33,152$27,727$17,038
17 years$51,581$43,171$35,944$29,787$24,584$14,556
18 years$48,208$39,892$32,812$26,844$21,859$12,463
19 years$45,193$36,971$30,038$24,256$19,484$10,691
20 years$42,484$34,356$27,567$21,968$17,403$9,185
21 years$40,035$32,001$25,356$19,938$15,574$7,902
22 years$37,812$29,872$23,370$18,128$13,960$6,805
23 years$35,786$27,938$21,578$16,509$12,531$5,867
24 years$33,931$26,176$19,956$15,058$11,263$5,062
25 years$32,227$24,565$18,483$13,752$10,135$4,370
26 years$30,657$23,087$17,142$12,574$9,129$3,776
27 years$29,205$21,728$15,918$11,509$8,231$3,264
28 years$27,860$20,474$14,798$10,545$7,427$2,823
29 years$26,609$19,315$13,771$9,670$6,706$2,442
30 years$25,445$18,241$12,827$8,874$6,060$2,113
31 years$24,357$17,244$11,958$8,150$5,478$1,829
32 years$23,340$16,316$11,157$7,490$4,956$1,584
33 years$22,386$15,452$10,418$6,888$4,485$1,372
34 years$21,490$14,645$9,734$6,338$4,061$1,188
35 years$20,647$13,890$9,100$5,834$3,678$1,030
36 years$19,853$13,184$8,513$5,373$3,332$892
37 years$19,103$12,522$7,968$4,951$3,020$773
38 years$18,395$11,900$7,462$4,563$2,738$670
39 years$17,725$11,316$6,991$4,207$2,483$581
40 years$17,089$10,766$6,552$3,881$2,252$504
41 years$16,487$10,248$6,144$3,580$2,043$437
42 years$15,914$9,760$5,763$3,304$1,854$378
43 years$15,370$9,299$5,408$3,050$1,683$328
44 years$14,852$8,864$5,077$2,816$1,527$284
45 years$14,358$8,453$4,767$2,601$1,387$247
46 years$13,887$8,064$4,477$2,403$1,259$214
47 years$13,438$7,695$4,206$2,220$1,143$185
48 years$13,008$7,346$3,953$2,051$1,038$161
49 years$12,597$7,015$3,715$1,896$943$139
50 years$12,204$6,701$3,493$1,752$856$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,500,000, adding $2,846 every year, while hoping to spend $57,433 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: 82/9/9 Blend
56$12,500,000$12,500,000$12,500,000$12,500,000
57$13,777,936$13,115,436$12,921,686$14,890,165
58$15,122,177$13,696,984$13,293,454$16,200,192
59$16,601,606$14,305,103$13,675,751$17,630,210
60$18,229,951$14,941,034$14,068,870$19,198,433
61$20,022,339$15,606,078$14,473,111$20,918,680
62$21,995,438$16,301,596$14,888,780$22,806,171
63$24,167,614$17,029,016$15,316,196$24,877,666
64$26,559,104$17,789,831$15,755,682$27,151,625
65$29,192,208$18,585,608$16,207,573$29,648,376
66$32,091,497$19,417,986$16,672,210$32,390,310
67$35,284,046$20,288,684$17,149,945$35,402,089
68$38,799,690$21,199,501$17,641,140$38,710,876
69$42,671,306$22,152,324$18,146,165$42,346,592
70$46,935,118$23,149,127$18,665,401$46,342,195
71$51,631,047$24,191,981$19,199,239$50,733,989
72$56,803,079$25,283,054$19,748,079$55,561,966
73$62,499,688$26,424,618$20,312,334$60,870,179
74$68,774,285$27,619,053$20,892,426$66,707,159
75$75,685,729$28,868,854$21,488,790$73,126,369
76$83,298,880$30,176,634$22,101,870$80,186,707
77$91,685,208$31,545,131$22,732,125$87,953,057
78$100,923,471$32,977,215$23,380,024$96,496,905
79$111,100,458$34,475,891$24,046,047$105,897,004
80$122,311,806$36,044,311$24,730,691$116,240,119
81$134,662,903$37,685,775$25,434,462$127,621,842
82$148,269,883$39,403,742$26,157,880$140,147,494
83$163,260,724$41,201,838$26,901,482$153,933,110
84$179,776,450$43,083,860$27,665,814$169,106,538
85$197,972,469$45,053,791$28,451,440$185,808,638
86$218,020,035$47,115,801$29,258,937$204,194,609
87$240,107,866$49,274,262$30,088,899$224,435,453
88$264,443,923$51,533,756$30,941,932$246,719,583
89$291,257,378$53,899,085$31,818,661$271,254,597
90$320,800,770$56,375,280$32,719,726$298,269,237
91$353,352,396$58,967,615$33,645,784$328,015,540
92$389,218,930$61,681,619$34,597,508$360,771,217
93$428,738,326$64,523,083$35,575,589$396,842,265
94$472,283,001$67,498,079$36,580,737$436,565,857
95$520,263,353$70,612,971$37,613,678$480,313,514
96$573,131,637$73,874,429$38,675,158$528,494,611
97$631,386,231$77,289,443$39,765,943$581,560,232
98$695,576,341$80,865,340$40,886,817$640,007,430
99$766,307,187$84,609,801$42,038,584$704,383,904
100$844,245,715$88,530,876$43,222,071$775,293,170