Can I retire at age 57 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,039,003
2 years$539,626$529,576$519,835$510,392$501,232$487,566
3 years$356,177$346,083$336,368$327,013$318,002$304,679
4 years$264,470$254,408$244,790$235,594$226,802$213,923
5 years$209,461$199,459$189,967$180,959$172,411$160,015
6 years$172,800$162,873$153,521$144,714$136,423$124,525
7 years$146,624$136,781$127,577$118,978$110,948$99,552
8 years$127,001$117,246$108,195$99,807$92,042$81,147
9 years$111,746$102,084$93,189$85,014$77,513$67,113
10 years$99,550$89,982$81,244$73,283$66,045$56,134
11 years$89,578$80,106$71,526$63,778$56,801$47,369
12 years$81,273$71,899$63,477$55,942$49,222$40,260
13 years$74,252$64,975$56,713$49,388$42,923$34,417
14 years$68,239$59,061$50,957$43,841$37,626$29,565
15 years$63,032$53,953$46,007$39,099$33,129$25,499
16 years$58,481$49,501$41,712$35,009$29,279$22,067
17 years$54,469$45,589$37,956$31,455$25,961$19,151
18 years$50,907$42,126$34,649$28,347$23,083$16,661
19 years$47,724$39,042$31,720$25,614$20,575$14,526
20 years$44,863$36,280$29,111$23,199$18,378$12,686
21 years$42,277$33,793$26,776$21,054$16,446$11,097
22 years$39,930$31,544$24,679$19,143$14,742$9,720
23 years$37,790$29,503$22,786$17,434$13,233$8,524
24 years$35,831$27,642$21,073$15,901$11,894$7,482
25 years$34,032$25,941$19,518$14,522$10,703$6,574
26 years$32,373$24,380$18,102$13,278$9,641$5,780
27 years$30,841$22,945$16,809$12,153$8,692$5,085
28 years$29,420$21,621$15,627$11,135$7,843$4,477
29 years$28,100$20,397$14,542$10,211$7,082$3,943
30 years$26,869$19,262$13,545$9,371$6,399$3,475
31 years$25,721$18,209$12,628$8,607$5,785$3,063
32 years$24,647$17,230$11,782$7,910$5,233$2,702
33 years$23,639$16,317$11,001$7,274$4,736$2,383
34 years$22,693$15,465$10,279$6,693$4,288$2,103
35 years$21,803$14,668$9,610$6,161$3,884$1,856
36 years$20,965$13,922$8,990$5,674$3,519$1,638
37 years$20,173$13,223$8,414$5,228$3,189$1,447
38 years$19,425$12,566$7,880$4,819$2,891$1,278
39 years$18,717$11,949$7,382$4,443$2,622$1,128
40 years$18,046$11,369$6,919$4,098$2,378$997
41 years$17,410$10,822$6,488$3,781$2,158$880
42 years$16,806$10,307$6,086$3,489$1,958$778
43 years$16,231$9,820$5,711$3,221$1,777$687
44 years$15,683$9,361$5,361$2,974$1,613$607
45 years$15,162$8,926$5,034$2,747$1,464$537
46 years$14,665$8,515$4,728$2,537$1,329$474
47 years$14,190$8,126$4,442$2,344$1,207$419
48 years$13,737$7,757$4,174$2,166$1,096$371
49 years$13,303$7,408$3,923$2,002$996$328
50 years$12,888$7,076$3,688$1,850$904$290

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $13,200,000, adding $3,898 every year, while hoping to spend $24,626 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: 40/39/21 Blend
56$13,200,000$13,200,000$13,200,000$13,200,000
57$14,550,421$13,850,821$13,646,221$15,041,773
58$16,008,362$14,503,309$14,077,167$16,046,927
59$17,614,188$15,186,944$14,521,725$17,130,996
60$19,382,956$15,903,226$14,980,324$18,303,297
61$21,331,261$16,653,727$15,453,408$19,571,882
62$23,477,387$17,440,097$15,941,435$20,945,585
63$25,841,483$18,264,065$16,444,876$22,434,099
64$28,445,754$19,127,443$16,964,219$24,048,059
65$31,314,666$20,032,133$17,499,965$25,799,135
66$34,475,181$20,980,127$18,052,634$27,700,141
67$37,957,011$21,973,515$18,622,759$29,765,145
68$41,792,897$23,014,488$19,210,892$32,009,594
69$46,018,918$24,105,343$19,817,602$34,450,456
70$50,674,832$25,248,489$20,443,476$37,106,370
71$55,804,452$26,446,452$21,089,119$39,997,812
72$61,456,057$27,701,880$21,755,156$43,147,284
73$67,682,853$29,017,549$22,442,231$46,579,514
74$74,543,467$30,396,372$23,151,009$50,321,680
75$82,102,508$31,841,402$23,882,175$54,403,661
76$90,431,173$33,355,840$24,636,437$58,858,303
77$99,607,919$34,943,043$25,414,525$63,721,723
78$109,719,206$36,606,531$26,217,190$69,033,633
79$120,860,309$38,349,995$27,045,210$74,837,712
80$133,136,222$40,177,306$27,899,386$81,181,998
81$146,662,645$42,092,522$28,780,544$88,119,331
82$161,567,078$44,099,900$29,689,536$95,707,839
83$177,990,027$46,203,901$30,627,242$104,011,474
84$196,086,324$48,409,207$31,594,569$113,100,598
85$216,026,594$50,720,724$32,592,452$123,052,633
86$237,998,866$53,143,598$33,621,858$133,952,778
87$262,210,342$55,683,226$34,683,783$145,894,790
88$288,889,360$58,345,267$35,779,252$158,981,860
89$318,287,545$61,135,656$36,909,328$173,327,562
90$350,682,187$64,060,615$38,075,102$189,056,908
91$386,378,855$67,126,670$39,277,703$206,307,508
92$425,714,286$70,340,665$40,518,294$225,230,850
93$469,059,562$73,709,776$41,798,076$245,993,701
94$516,823,613$77,241,530$43,118,286$268,779,665
95$569,457,075$80,943,820$44,480,203$293,790,892
96$627,456,551$84,824,921$45,885,144$321,249,954
97$691,369,292$88,893,514$47,334,469$351,401,926
98$761,798,365$93,158,702$48,829,579$384,516,669
99$839,408,350$97,630,030$50,371,922$420,891,348
100$924,931,610$102,317,510$51,962,990$460,853,211