Can I retire at age 57 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,000,476
2 years$519,185$509,516$500,145$491,059$482,246$469,928
3 years$342,685$332,974$323,627$314,626$305,956$293,943
4 years$254,453$244,771$235,517$226,670$218,211$206,594
5 years$201,527$191,904$182,771$174,105$165,880$154,695
6 years$166,255$156,704$147,706$139,233$131,255$120,514
7 years$141,070$131,600$122,745$114,471$106,746$96,453
8 years$122,190$112,805$104,097$96,027$88,556$78,711
9 years$107,513$98,217$89,659$81,794$74,577$65,176
10 years$95,779$86,574$78,167$70,507$63,543$54,580
11 years$86,184$77,071$68,817$61,362$54,649$46,115
12 years$78,195$69,175$61,073$53,823$47,358$39,244
13 years$71,439$62,514$54,565$47,517$41,297$33,593
14 years$65,654$56,824$49,027$42,181$36,201$28,895
15 years$60,645$51,909$44,264$37,618$31,874$24,955
16 years$56,266$47,626$40,132$33,683$28,170$21,626
17 years$52,406$43,862$36,519$30,264$24,978$18,795
18 years$48,979$40,530$33,337$27,274$22,209$16,375
19 years$45,916$37,563$30,518$24,644$19,795$14,297
20 years$43,163$34,905$28,008$22,320$17,682$12,505
21 years$40,676$32,513$25,762$20,257$15,823$10,955
22 years$38,417$30,350$23,744$18,418$14,183$9,610
23 years$36,358$28,385$21,923$16,774$12,732$8,440
24 years$34,474$26,595$20,275$15,299$11,443$7,420
25 years$32,743$24,958$18,779$13,972$10,297$6,530
26 years$31,147$23,457$17,417$12,775$9,276$5,750
27 years$29,672$22,076$16,173$11,693$8,363$5,067
28 years$28,306$20,802$15,035$10,713$7,546$4,468
29 years$27,035$19,624$13,991$9,824$6,814$3,942
30 years$25,852$18,533$13,032$9,016$6,157$3,480
31 years$24,747$17,520$12,150$8,281$5,566$3,073
32 years$23,713$16,577$11,336$7,610$5,035$2,714
33 years$22,744$15,699$10,584$6,998$4,557$2,398
34 years$21,834$14,879$9,889$6,439$4,126$2,120
35 years$20,977$14,112$9,246$5,927$3,737$1,874
36 years$20,171$13,395$8,649$5,459$3,386$1,657
37 years$19,409$12,722$8,095$5,030$3,068$1,466
38 years$18,689$12,090$7,581$4,636$2,782$1,296
39 years$18,008$11,497$7,103$4,275$2,523$1,147
40 years$17,363$10,938$6,657$3,943$2,288$1,015
41 years$16,751$10,412$6,242$3,638$2,076$898
42 years$16,169$9,916$5,856$3,357$1,884$795
43 years$15,616$9,448$5,495$3,099$1,710$704
44 years$15,089$9,006$5,158$2,861$1,552$623
45 years$14,588$8,588$4,843$2,643$1,409$551
46 years$14,109$8,193$4,549$2,441$1,279$488
47 years$13,653$7,818$4,273$2,255$1,161$432
48 years$13,216$7,464$4,016$2,084$1,055$383
49 years$12,799$7,127$3,775$1,926$958$339
50 years$12,400$6,808$3,549$1,780$870$300

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,700,000, adding $4,504 every year, while hoping to spend $33,783 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: 32/41/27 Blend
56$12,700,000$12,700,000$12,700,000$12,700,000
57$14,000,046$13,326,946$13,130,096$14,332,363
58$15,392,106$13,944,021$13,534,009$15,203,874
59$16,925,023$14,590,201$13,950,321$16,138,598
60$18,613,131$15,266,876$14,379,412$17,144,731
61$20,472,220$15,975,503$14,821,673$18,228,579
62$22,519,694$16,717,611$15,277,506$19,397,048
63$24,774,729$17,494,799$15,747,329$20,657,705
64$27,258,455$18,308,748$16,231,568$22,018,843
65$29,994,157$19,161,216$16,730,665$23,489,554
66$33,007,494$20,054,049$17,245,075$25,079,806
67$36,326,740$20,989,179$17,775,267$26,800,532
68$39,983,053$21,968,634$18,321,723$28,663,727
69$44,010,765$22,994,538$18,884,942$30,682,549
70$48,447,711$24,069,119$19,465,436$32,871,443
71$53,335,584$25,194,711$20,063,734$35,246,261
72$58,720,324$26,373,763$20,680,380$37,824,411
73$64,652,561$27,608,841$21,315,936$40,625,006
74$71,188,082$28,902,634$21,970,980$43,669,039
75$78,388,367$30,257,964$22,646,108$46,979,567
76$86,321,163$31,677,786$23,341,935$50,581,925
77$95,061,125$33,165,201$24,059,094$54,503,949
78$104,690,522$34,723,458$24,798,236$58,776,230
79$115,300,012$36,355,965$25,560,033$63,432,391
80$126,989,498$38,066,292$26,345,180$68,509,392
81$139,869,072$39,858,186$27,154,388$74,047,864
82$154,060,052$41,735,571$27,988,395$80,092,484
83$169,696,128$43,702,565$28,847,957$86,692,379
84$186,924,626$45,763,483$29,733,856$93,901,574
85$205,907,894$47,922,850$30,646,897$101,779,492
86$226,824,840$50,185,411$31,587,908$110,391,494
87$249,872,616$52,556,138$32,557,745$119,809,483
88$275,268,481$55,040,248$33,557,289$130,112,561
89$303,251,855$57,643,208$34,587,446$141,387,763
90$334,086,570$60,370,752$35,649,152$153,730,853
91$368,063,373$63,228,891$36,743,371$167,247,215
92$405,502,658$66,223,928$37,871,095$182,052,820
93$446,757,500$69,362,471$39,033,348$198,275,305
94$492,216,984$72,651,451$40,231,184$216,055,152
95$542,309,876$76,098,132$41,465,689$235,546,989
96$597,508,677$79,710,134$42,737,983$256,921,028
97$658,334,076$83,495,445$44,049,219$280,364,642
98$725,359,871$87,462,440$45,400,586$306,084,110
99$799,218,381$91,619,904$46,793,310$334,306,533
100$880,606,422$95,977,045$48,228,651$365,281,948