Can I retire at age 57 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,072,509
2 years$572,330$561,671$551,341$541,325$531,609$487,948
3 years$377,763$367,058$356,754$346,832$337,275$295,197
4 years$280,499$269,827$259,625$249,873$240,547$200,372
5 years$222,156$211,547$201,480$191,926$182,860$144,691
6 years$183,273$172,744$162,826$153,485$144,691$108,553
7 years$155,510$145,070$135,309$126,189$117,673$83,553
8 years$134,698$124,352$114,753$105,856$97,621$65,485
9 years$118,519$108,271$98,837$90,166$82,211$52,011
10 years$105,583$95,436$86,168$77,724$70,048$41,726
11 years$95,006$84,961$75,861$67,643$60,243$33,734
12 years$86,199$76,256$67,325$59,332$52,206$27,438
13 years$78,752$68,913$60,150$52,381$45,524$22,425
14 years$72,375$62,640$54,045$46,498$39,906$18,397
15 years$66,852$57,223$48,795$41,468$35,137$15,140
16 years$62,025$52,501$44,240$37,130$31,054$12,490
17 years$57,770$48,351$40,257$33,361$27,535$10,326
18 years$53,993$44,679$36,749$30,065$24,482$8,550
19 years$50,616$41,408$33,642$27,167$21,822$7,090
20 years$47,582$38,478$30,875$24,605$19,492$5,886
21 years$44,839$35,841$28,399$22,330$17,443$4,891
22 years$42,350$33,456$26,174$20,303$15,635$4,067
23 years$40,080$31,291$24,167$18,491$14,035$3,384
24 years$38,003$29,318$22,351$16,865$12,615$2,817
25 years$36,094$27,513$20,701$15,402$11,351$2,346
26 years$34,335$25,858$19,199$14,082$10,225$1,955
27 years$32,710$24,335$17,828$12,890$9,219$1,629
28 years$31,203$22,931$16,574$11,810$8,318$1,358
29 years$29,803$21,633$15,423$10,830$7,511$1,133
30 years$28,498$20,430$14,366$9,939$6,787$945
31 years$27,280$19,313$13,393$9,128$6,136$788
32 years$26,140$18,274$12,496$8,389$5,550$657
33 years$25,072$17,306$11,668$7,715$5,023$548
34 years$24,069$16,402$10,902$7,098$4,548$458
35 years$23,125$15,557$10,192$6,534$4,119$382
36 years$22,235$14,766$9,535$6,018$3,732$319
37 years$21,396$14,024$8,924$5,545$3,383$266
38 years$20,602$13,328$8,357$5,111$3,067$222
39 years$19,852$12,674$7,830$4,712$2,781$185
40 years$19,140$12,058$7,339$4,346$2,522$155
41 years$18,465$11,478$6,881$4,010$2,288$129
42 years$17,824$10,931$6,455$3,701$2,076$108
43 years$17,214$10,415$6,057$3,416$1,885$90
44 years$16,634$9,928$5,686$3,154$1,711$75
45 years$16,081$9,467$5,339$2,913$1,553$63
46 years$15,554$9,031$5,014$2,691$1,410$52
47 years$15,050$8,619$4,711$2,486$1,280$44
48 years$14,569$8,228$4,427$2,297$1,163$36
49 years$14,109$7,857$4,161$2,123$1,056$30
50 years$13,669$7,505$3,912$1,962$959$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,000,000, adding $6,050 every year, while hoping to spend $25,195 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: 77/9/14 Blend
56$14,000,000$14,000,000$14,000,000$14,000,000
57$15,434,241$14,692,241$14,475,241$16,577,541
58$16,981,726$15,385,353$14,933,354$18,025,261
59$18,686,210$16,111,584$15,405,969$19,608,604
60$20,563,681$16,872,529$15,893,547$21,344,178
61$22,631,755$17,669,861$16,396,559$23,247,158
62$24,909,846$18,505,336$16,915,496$25,334,252
63$27,419,346$19,380,794$17,450,861$27,623,862
64$30,183,830$20,298,163$18,003,175$30,136,246
65$33,229,273$21,259,466$18,572,974$32,893,716
66$36,584,303$22,266,823$19,160,813$35,920,844
67$40,280,463$23,322,459$19,767,261$39,244,688
68$44,352,516$24,428,705$20,392,910$42,895,051
69$48,838,766$25,588,005$21,038,366$46,904,756
70$53,781,426$26,802,923$21,704,257$51,309,953
71$59,227,012$28,076,147$22,391,230$56,150,461
72$65,226,784$29,410,495$23,099,954$61,470,139
73$71,837,230$30,808,923$23,831,115$67,317,298
74$79,120,596$32,274,529$24,585,427$73,745,153
75$87,145,479$33,810,563$25,363,620$80,812,322
76$95,987,468$35,420,431$26,166,453$88,583,379
77$105,729,866$37,107,708$26,994,704$97,129,458
78$116,464,465$38,876,139$27,849,180$106,528,920
79$128,292,424$40,729,652$28,730,711$116,868,092
80$141,325,214$42,672,369$29,640,153$128,242,077
81$155,685,679$44,708,608$30,578,390$140,755,647
82$171,509,187$46,842,899$31,546,336$154,524,229
83$188,944,916$49,079,993$32,544,930$169,674,989
84$208,157,256$51,424,871$33,575,144$186,348,030
85$229,327,363$53,882,756$34,637,978$204,697,709
86$252,654,870$56,459,127$35,734,466$224,894,089
87$278,359,771$59,159,728$36,865,675$247,124,540
88$306,684,496$61,990,583$38,032,703$271,595,502
89$337,896,201$64,958,009$39,236,685$298,534,429
90$372,289,292$68,068,629$40,478,793$328,191,930
91$410,188,200$71,329,393$41,760,232$360,844,129
92$451,950,447$74,747,583$43,082,251$396,795,266
93$497,970,019$78,330,841$44,446,132$436,380,562
94$548,681,087$82,087,178$45,853,204$479,969,375
95$604,562,105$86,024,997$47,304,833$527,968,686
96$666,140,326$90,153,109$48,802,432$580,826,926
97$733,996,782$94,480,754$50,347,456$639,038,206
98$808,771,766$99,017,623$51,941,409$703,146,974
99$891,170,879$103,773,880$53,585,838$773,753,144
100$981,971,690$108,760,181$55,282,345$851,517,752