Can I retire at age 57 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$967,170
2 years$515,097$505,504$496,207$487,192$478,448$441,026
3 years$339,987$330,352$321,079$312,149$303,547$267,451
4 years$252,449$242,844$233,663$224,886$216,493$181,998
5 years$199,940$190,393$181,332$172,734$164,574$131,770
6 years$164,946$155,470$146,543$138,137$130,222$99,132
7 years$139,959$130,563$121,778$113,570$105,905$76,520
8 years$121,228$111,917$103,277$95,271$87,859$60,152
9 years$106,667$97,444$88,953$81,150$73,990$47,922
10 years$95,025$85,892$77,551$69,952$63,043$38,568
11 years$85,506$76,465$68,275$60,879$54,219$31,283
12 years$77,579$68,630$60,592$53,399$46,985$25,530
13 years$70,877$62,022$54,135$47,143$40,972$20,936
14 years$65,137$56,376$48,641$41,849$35,916$17,237
15 years$60,167$51,501$43,916$37,322$31,623$14,235
16 years$55,823$47,251$39,816$33,417$27,949$11,787
17 years$51,993$43,516$36,231$30,025$24,781$9,780
18 years$48,593$40,211$33,074$27,059$22,034$8,129
19 years$45,555$37,267$30,278$24,450$19,640$6,766
20 years$42,823$34,630$27,788$22,144$17,542$5,639
21 years$40,355$32,257$25,559$20,097$15,698$4,703
22 years$38,115$30,111$23,557$18,273$14,071$3,927
23 years$36,072$28,162$21,751$16,642$12,631$3,280
24 years$34,202$26,386$20,116$15,178$11,353$2,742
25 years$32,485$24,762$18,631$13,862$10,216$2,293
26 years$30,902$23,272$17,279$12,674$9,202$1,918
27 years$29,439$21,902$16,045$11,601$8,297$1,605
28 years$28,083$20,638$14,916$10,629$7,486$1,344
29 years$26,822$19,470$13,881$9,747$6,760$1,125
30 years$25,648$18,387$12,930$8,945$6,108$942
31 years$24,552$17,382$12,054$8,216$5,522$789
32 years$23,526$16,447$11,246$7,550$4,995$661
33 years$22,565$15,575$10,501$6,943$4,521$554
34 years$21,662$14,762$9,811$6,388$4,093$464
35 years$20,812$14,001$9,173$5,881$3,707$389
36 years$20,012$13,289$8,581$5,416$3,359$326
37 years$19,256$12,622$8,032$4,990$3,044$273
38 years$18,542$11,995$7,521$4,600$2,760$229
39 years$17,867$11,406$7,047$4,241$2,503$192
40 years$17,226$10,852$6,605$3,912$2,270$161
41 years$16,619$10,330$6,193$3,609$2,060$135
42 years$16,042$9,838$5,810$3,331$1,869$113
43 years$15,493$9,374$5,451$3,075$1,696$95
44 years$14,971$8,935$5,117$2,839$1,540$79
45 years$14,473$8,520$4,805$2,622$1,398$66
46 years$13,998$8,128$4,513$2,422$1,269$56
47 years$13,545$7,757$4,240$2,237$1,152$47
48 years$13,112$7,405$3,984$2,068$1,046$39
49 years$12,698$7,071$3,745$1,911$950$33
50 years$12,302$6,755$3,521$1,766$863$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,600,000, adding $4,099 every year, while hoping to spend $24,038 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: 70/9/21 Blend
56$12,600,000$12,600,000$12,600,000$12,600,000
57$13,889,428$13,221,628$13,026,328$14,789,378
58$15,280,574$13,843,912$13,437,134$16,012,885
59$16,812,810$14,495,881$13,860,896$17,348,443
60$18,500,504$15,178,967$14,298,023$18,809,761
61$20,359,485$15,894,666$14,748,937$20,409,283
62$22,407,198$16,644,550$15,214,072$22,160,709
63$24,662,866$17,430,267$15,693,877$24,079,121
64$27,147,671$18,253,543$16,188,814$26,181,122
65$29,884,956$19,116,189$16,699,362$28,484,993
66$32,900,443$20,020,103$17,226,012$31,010,863
67$36,222,477$20,967,277$17,769,272$33,780,894
68$39,882,293$21,959,798$18,329,667$36,819,494
69$43,914,313$22,999,853$18,907,736$40,153,538
70$48,356,464$24,089,738$19,504,037$43,812,622
71$53,250,547$25,231,858$20,119,145$47,829,341
72$58,642,620$26,428,736$20,753,654$52,239,594
73$64,583,441$27,683,018$21,408,175$57,082,917
74$71,128,943$28,997,477$22,083,340$62,402,856
75$78,340,762$30,375,020$22,779,799$68,247,373
76$86,286,823$31,818,699$23,498,225$74,669,299
77$95,041,973$33,331,710$24,239,310$81,726,823
78$104,688,697$34,917,406$25,003,769$89,484,046
79$115,317,888$36,579,303$25,792,340$98,011,575
80$127,029,711$38,321,088$26,605,782$107,387,191
81$139,934,547$40,146,626$27,444,880$117,696,576
82$154,154,032$42,059,971$28,310,445$129,034,120
83$169,822,208$44,065,375$29,203,310$141,503,804
84$187,086,788$46,167,294$30,124,336$155,220,184
85$206,110,552$48,370,402$31,074,412$170,309,460
86$227,072,878$50,679,602$32,054,455$186,910,667
87$250,171,441$53,100,032$33,065,409$205,176,983
88$275,624,078$55,637,083$34,108,250$225,277,167
89$303,670,840$58,296,407$35,183,983$247,397,147
90$334,576,266$61,083,930$36,293,646$271,741,773
91$368,631,871$64,005,869$37,438,309$298,536,739
92$406,158,905$67,068,740$38,619,076$328,030,713
93$447,511,385$70,279,380$39,837,086$360,497,675
94$493,079,432$73,644,956$41,093,515$396,239,497
95$543,292,960$77,172,984$42,389,573$435,588,787
96$598,625,729$80,871,347$43,726,511$478,912,020
97$659,599,823$84,748,313$45,105,618$526,612,992
98$726,790,573$88,812,549$46,528,225$579,136,620
99$800,831,995$93,073,147$47,995,704$636,973,141
100$882,422,768$97,539,640$49,509,470$700,662,723