Can I retire at age 57 with 12,900,000?

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 $12,900,000?

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$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$989,806
2 years$527,361$517,540$508,021$498,792$489,840$451,142
3 years$348,082$338,218$328,723$319,581$310,775$273,455
4 years$258,460$248,626$239,226$230,240$221,647$185,989
5 years$204,701$194,926$185,649$176,846$168,493$134,589
6 years$168,873$159,172$150,032$141,425$133,322$101,197
7 years$143,292$133,672$124,678$116,274$108,427$78,069
8 years$124,114$114,582$105,736$97,539$89,951$61,333
9 years$109,207$99,764$91,071$83,082$75,751$48,834
10 years$97,287$87,937$79,398$71,617$64,544$39,276
11 years$87,542$78,285$69,900$62,328$55,510$31,837
12 years$79,426$70,265$62,035$54,670$48,104$25,964
13 years$72,564$63,499$55,424$48,266$41,947$21,278
14 years$66,688$57,718$49,799$42,845$36,771$17,506
15 years$61,600$52,727$44,962$38,210$32,376$14,447
16 years$57,152$48,376$40,764$34,213$28,614$11,954
17 years$53,231$44,552$37,094$30,740$25,371$9,911
18 years$49,750$41,168$33,862$27,703$22,559$8,232
19 years$46,639$38,154$30,999$25,032$20,107$6,847
20 years$43,843$35,455$28,449$22,671$17,960$5,701
21 years$41,316$33,025$26,168$20,576$16,072$4,752
22 years$39,022$30,828$24,118$18,708$14,407$3,964
23 years$36,931$28,832$22,268$17,038$12,932$3,309
24 years$35,017$27,014$20,595$15,539$11,624$2,763
25 years$33,258$25,351$19,075$14,192$10,460$2,309
26 years$31,638$23,826$17,691$12,976$9,422$1,930
27 years$30,140$22,423$16,427$11,877$8,494$1,614
28 years$28,751$21,129$15,271$10,882$7,665$1,350
29 years$27,461$19,933$14,211$9,979$6,921$1,129
30 years$26,259$18,825$13,237$9,158$6,254$945
31 years$25,136$17,796$12,341$8,411$5,654$791
32 years$24,086$16,838$11,514$7,730$5,114$662
33 years$23,102$15,946$10,751$7,108$4,628$554
34 years$22,178$15,113$10,045$6,540$4,190$464
35 years$21,308$14,335$9,391$6,021$3,795$388
36 years$20,488$13,606$8,785$5,545$3,439$325
37 years$19,715$12,922$8,223$5,109$3,117$272
38 years$18,984$12,281$7,700$4,709$2,826$228
39 years$18,292$11,678$7,214$4,342$2,562$191
40 years$17,636$11,111$6,762$4,005$2,324$160
41 years$17,014$10,576$6,341$3,695$2,109$134
42 years$16,424$10,072$5,948$3,410$1,913$112
43 years$15,862$9,597$5,581$3,148$1,736$94
44 years$15,327$9,148$5,239$2,907$1,576$79
45 years$14,817$8,723$4,919$2,684$1,431$66
46 years$14,332$8,322$4,620$2,479$1,299$55
47 years$13,868$7,941$4,341$2,291$1,180$46
48 years$13,424$7,581$4,079$2,117$1,071$39
49 years$13,001$7,240$3,834$1,956$973$32
50 years$12,595$6,916$3,605$1,808$884$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,900,000, adding $6,356 every year, while hoping to spend $38,714 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: 54/36/10 Blend
56$12,900,000$12,900,000$12,900,000$12,900,000
57$14,222,356$13,538,656$13,338,706$14,954,234
58$15,631,845$14,160,859$13,744,361$16,073,518
59$17,183,804$14,812,252$14,162,309$17,286,344
60$18,892,725$15,494,225$14,592,919$18,605,434
61$20,774,575$16,208,234$15,036,574$20,040,881
62$22,846,950$16,955,806$15,493,667$21,603,771
63$25,129,238$17,738,540$15,964,604$23,306,290
64$27,642,804$18,558,112$16,449,802$25,161,827
65$30,411,191$19,416,280$16,949,691$27,185,100
66$33,460,342$20,314,887$17,464,715$29,392,288
67$36,818,843$21,255,863$17,995,329$31,801,181
68$40,518,195$22,241,231$18,542,003$34,431,335
69$44,593,113$23,273,112$19,105,222$37,304,260
70$49,081,847$24,353,731$19,685,483$40,443,609
71$54,026,549$25,485,418$20,283,301$43,875,400
72$59,473,669$26,670,615$20,899,203$47,628,252
73$65,474,392$27,911,884$21,533,735$51,733,646
74$72,085,122$29,211,909$22,187,458$56,226,221
75$79,368,016$30,573,504$22,860,950$61,144,085
76$87,391,567$31,999,619$23,554,805$66,529,175
77$96,231,253$33,493,346$24,269,636$72,427,637
78$105,970,247$35,057,927$25,006,076$78,890,255
79$116,700,207$36,696,759$25,764,773$85,972,922
80$128,522,133$38,413,406$26,546,398$93,737,159
81$141,547,329$40,211,601$27,351,641$102,250,680
82$155,898,446$42,095,259$28,181,211$111,588,025
83$171,710,647$44,068,486$29,035,840$121,831,253
84$189,132,874$46,135,583$29,916,282$133,070,698
85$208,329,263$48,301,062$30,823,313$145,405,819
86$229,480,685$50,569,652$31,757,732$158,946,118
87$252,786,460$52,946,310$32,720,361$173,812,163
88$278,466,235$55,436,236$33,712,050$190,136,713
89$306,762,057$58,044,877$34,733,669$208,065,953
90$337,940,660$60,777,949$35,786,120$227,760,861
91$372,295,979$63,641,440$36,870,326$249,398,712
92$410,151,930$66,641,632$37,987,243$273,174,732
93$451,865,463$69,785,108$39,137,853$299,303,923
94$497,829,935$73,078,773$40,323,165$328,023,075
95$548,478,820$76,529,865$41,544,223$359,592,981
96$604,289,804$80,145,972$42,802,099$394,300,881
97$665,789,292$83,935,053$44,097,897$432,463,146
98$733,557,378$87,905,449$45,432,755$474,428,247
99$808,233,323$92,065,908$46,807,844$520,580,021
100$890,521,586$96,425,602$48,224,372$571,341,266