Can I retire at age 57 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,128,394
2 years$584,594$573,707$563,155$552,924$543,001$531,009
3 years$385,858$374,924$364,399$354,264$344,502$332,798
4 years$286,510$275,609$265,189$255,227$245,702$234,376
5 years$226,916$216,081$205,797$196,039$186,779$175,865
6 years$187,200$176,446$166,315$156,774$147,792$137,303
7 years$158,843$148,179$138,208$128,893$120,194$110,135
8 years$137,584$127,017$117,212$108,125$99,713$90,082
9 years$121,058$110,591$100,954$92,098$83,972$74,767
10 years$107,846$97,481$88,014$79,390$71,549$62,763
11 years$97,042$86,781$77,486$69,093$61,534$53,161
12 years$88,046$77,890$68,767$60,604$53,324$45,355
13 years$80,440$70,390$61,439$53,504$46,500$38,925
14 years$73,925$63,982$55,203$47,495$40,761$33,571
15 years$68,285$58,449$49,841$42,357$35,890$29,072
16 years$63,354$53,626$45,188$37,926$31,719$25,263
17 years$59,008$49,388$41,120$34,076$28,125$22,018
18 years$55,150$45,636$37,537$30,710$25,007$19,238
19 years$51,701$42,295$34,363$27,749$22,289$16,845
20 years$48,601$39,303$31,537$25,132$19,909$14,777
21 years$45,800$36,609$29,008$22,809$17,817$12,984
22 years$43,257$34,173$26,735$20,738$15,970$11,425
23 years$40,939$31,961$24,685$18,887$14,336$10,065
24 years$38,817$29,946$22,830$17,226$12,885$8,876
25 years$36,868$28,103$21,145$15,732$11,595$7,835
26 years$35,071$26,412$19,611$14,384$10,444$6,922
27 years$33,411$24,857$18,210$13,166$9,416$6,119
28 years$31,872$23,422$16,929$12,063$8,496$5,413
29 years$30,441$22,096$15,754$11,062$7,672$4,791
30 years$29,109$20,868$14,674$10,152$6,932$4,243
31 years$27,864$19,727$13,680$9,324$6,267$3,759
32 years$26,700$18,666$12,764$8,569$5,669$3,331
33 years$25,609$17,677$11,918$7,880$5,131$2,954
34 years$24,584$16,753$11,135$7,250$4,645$2,619
35 years$23,620$15,890$10,411$6,674$4,207$2,323
36 years$22,712$15,082$9,739$6,147$3,812$2,061
37 years$21,854$14,325$9,115$5,663$3,455$1,829
38 years$21,044$13,614$8,536$5,220$3,132$1,624
39 years$20,277$12,945$7,997$4,813$2,840$1,442
40 years$19,550$12,316$7,496$4,440$2,576$1,280
41 years$18,861$11,724$7,029$4,096$2,337$1,137
42 years$18,206$11,165$6,593$3,780$2,121$1,009
43 years$17,583$10,638$6,187$3,490$1,925$897
44 years$16,990$10,141$5,808$3,222$1,747$796
45 years$16,426$9,670$5,453$2,976$1,586$707
46 years$15,887$9,225$5,122$2,749$1,440$628
47 years$15,373$8,803$4,812$2,539$1,308$558
48 years$14,881$8,404$4,522$2,346$1,188$496
49 years$14,411$8,025$4,250$2,169$1,079$441
50 years$13,962$7,666$3,996$2,004$980$392

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,300,000, adding $2,635 every year, while hoping to spend $47,610 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: 35/47/18 Blend
56$14,300,000$14,300,000$14,300,000$14,300,000
57$15,761,318$15,003,418$14,781,768$16,225,952
58$17,318,316$15,687,929$15,226,301$17,250,123
59$19,032,532$16,404,385$15,684,129$18,349,804
60$20,919,952$17,154,302$16,155,649$19,535,336
61$22,998,190$17,939,266$16,641,267$20,814,374
62$25,286,659$18,760,943$17,141,403$22,195,301
63$27,806,744$19,621,075$17,656,486$23,687,307
64$30,582,015$20,521,491$18,186,961$25,300,465
65$33,638,441$21,464,105$18,733,285$27,045,823
66$37,004,640$22,450,924$19,295,928$28,935,495
67$40,712,147$23,484,052$19,875,375$30,982,770
68$44,795,709$24,565,695$20,472,124$33,202,232
69$49,293,619$25,698,162$21,086,688$35,609,884
70$54,248,072$26,883,875$21,719,595$38,223,294
71$59,705,563$28,125,373$22,371,390$41,061,748
72$65,717,331$29,425,316$23,042,631$44,146,423
73$72,339,836$30,786,494$23,733,896$47,500,580
74$79,635,295$32,211,828$24,445,778$51,149,767
75$87,672,270$33,704,382$25,178,886$55,122,052
76$96,526,313$35,267,369$25,933,851$59,448,277
77$106,280,680$36,904,153$26,711,318$64,162,333
78$117,027,116$38,618,263$27,511,953$69,301,469
79$128,866,721$40,413,397$28,336,443$74,906,632
80$141,910,905$42,293,432$29,185,492$81,022,834
81$156,282,439$44,262,432$30,059,828$87,699,568
82$172,116,613$46,324,657$30,960,198$94,991,254
83$189,562,514$48,484,571$31,887,371$102,957,741
84$208,784,432$50,746,857$32,842,139$111,664,849
85$229,963,412$53,116,420$33,825,319$121,184,980
86$253,298,961$55,598,406$34,837,748$131,597,776
87$279,010,934$58,198,206$35,880,291$142,990,854
88$307,341,605$60,921,475$36,953,837$155,460,612
89$338,557,959$63,774,137$38,059,300$169,113,119
90$372,954,208$66,762,406$39,197,624$184,065,091
91$410,854,569$69,892,796$40,369,776$200,444,971
92$452,616,326$73,172,134$41,576,755$218,394,114
93$498,633,202$76,607,580$42,819,587$238,068,102
94$549,339,075$80,206,637$44,099,329$259,638,177
95$605,212,073$83,977,175$45,417,069$283,292,836
96$666,779,090$87,927,442$46,773,927$309,239,576
97$734,620,758$92,066,088$48,171,054$337,706,827
98$809,376,927$96,402,178$49,609,636$368,946,069
99$891,752,708$100,945,219$51,090,893$403,234,179
100$982,525,128$105,705,178$52,616,082$440,876,004