Can I retire at age 57 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,118,249
2 years$588,682$577,719$567,093$556,791$546,798$516,751
3 years$388,557$377,546$366,947$356,741$346,911$317,784
4 years$288,513$277,536$267,043$257,012$247,420$219,437
5 years$228,503$217,592$207,237$197,410$188,085$161,323
6 years$188,509$177,680$167,478$157,870$148,825$123,311
7 years$159,953$149,215$139,175$129,794$121,035$96,770
8 years$138,546$127,905$118,031$108,881$100,410$77,382
9 years$121,905$111,364$101,660$92,742$84,560$62,749
10 years$108,600$98,162$88,630$79,945$72,049$51,429
11 years$97,721$87,388$78,028$69,576$61,965$42,504
12 years$88,662$78,435$69,248$61,027$53,697$35,361
13 years$81,002$70,882$61,869$53,878$46,825$29,575
14 years$74,442$64,430$55,589$47,827$41,047$24,844
15 years$68,762$58,858$50,190$42,653$36,141$20,944
16 years$63,797$54,001$45,504$38,191$31,941$17,708
17 years$59,421$49,733$41,407$34,315$28,321$15,009
18 years$55,535$45,955$37,799$30,924$25,182$12,747
19 years$52,063$42,591$34,603$27,943$22,445$10,845
20 years$48,941$39,578$31,757$25,308$20,048$9,240
21 years$46,120$36,865$29,211$22,968$17,941$7,882
22 years$43,560$34,412$26,922$20,883$16,082$6,731
23 years$41,225$32,185$24,858$19,019$14,436$5,753
24 years$39,088$30,155$22,989$17,346$12,975$4,921
25 years$37,125$28,299$21,293$15,842$11,676$4,211
26 years$35,316$26,597$19,748$14,485$10,517$3,606
27 years$33,644$25,031$18,338$13,258$9,482$3,090
28 years$32,094$23,586$17,047$12,147$8,556$2,648
29 years$30,654$22,251$15,864$11,139$7,726$2,270
30 years$29,312$21,014$14,777$10,223$6,981$1,947
31 years$28,059$19,865$13,776$9,389$6,311$1,670
32 years$26,887$18,796$12,853$8,629$5,709$1,433
33 years$25,788$17,800$12,001$7,935$5,167$1,230
34 years$24,756$16,871$11,213$7,301$4,678$1,056
35 years$23,785$16,002$10,483$6,721$4,237$906
36 years$22,871$15,188$9,807$6,190$3,839$778
37 years$22,007$14,425$9,179$5,703$3,479$668
38 years$21,191$13,709$8,596$5,257$3,154$573
39 years$20,419$13,036$8,053$4,847$2,860$492
40 years$19,687$12,402$7,548$4,471$2,594$423
41 years$18,993$11,806$7,078$4,125$2,354$363
42 years$18,333$11,244$6,639$3,807$2,136$312
43 years$17,706$10,713$6,230$3,514$1,938$268
44 years$17,109$10,212$5,848$3,245$1,759$230
45 years$16,540$9,738$5,491$2,996$1,597$198
46 years$15,998$9,289$5,157$2,768$1,450$170
47 years$15,480$8,865$4,845$2,557$1,317$146
48 years$14,985$8,463$4,553$2,363$1,196$125
49 years$14,512$8,081$4,280$2,184$1,086$108
50 years$14,059$7,720$4,024$2,018$987$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,400,000, adding $6,741 every year, while hoping to spend $43,478 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: 53/38/9 Blend
56$14,400,000$14,400,000$14,400,000$14,400,000
57$15,875,753$15,112,553$14,889,353$16,680,965
58$17,448,820$15,806,808$15,341,886$17,922,595
59$19,180,882$16,533,624$15,808,122$19,267,424
60$21,088,112$17,294,551$16,288,474$20,729,475
61$23,188,328$18,091,213$16,783,367$22,319,842
62$25,501,167$18,925,313$17,293,239$24,050,715
63$28,048,266$19,798,633$17,818,543$25,935,482
64$30,853,468$20,713,044$18,359,742$27,988,859
65$33,943,045$21,670,507$18,917,317$30,227,017
66$37,345,948$22,673,074$19,491,760$32,667,729
67$41,094,080$23,722,900$20,083,579$35,330,534
68$45,222,595$24,822,241$20,693,297$38,236,912
69$49,770,231$25,973,462$21,321,454$41,410,483
70$54,779,676$27,179,044$21,968,605$44,877,219
71$60,297,971$28,441,585$22,635,321$48,665,683
72$66,376,951$29,763,810$23,322,191$52,807,291
73$73,073,738$31,148,574$24,029,822$57,336,602
74$80,451,276$32,598,871$24,758,839$62,291,629
75$88,578,930$34,117,839$25,509,883$67,714,197
76$97,533,136$35,708,768$26,283,619$73,650,323
77$107,398,124$37,375,106$27,080,729$80,150,639
78$118,266,714$39,120,468$27,901,914$87,270,865
79$130,241,190$40,948,642$28,747,900$95,072,320
80$143,434,268$42,863,603$29,619,432$103,622,487
81$157,970,158$44,869,513$30,517,277$112,995,646
82$173,985,734$46,970,739$31,442,225$123,273,553
83$191,631,831$49,171,858$32,395,092$134,546,206
84$211,074,666$51,477,668$33,376,717$146,912,676
85$232,497,407$53,893,198$34,387,961$160,482,028
86$256,101,901$56,423,723$35,429,716$175,374,340
87$282,110,580$59,074,771$36,502,897$191,721,815
88$310,768,563$61,852,138$37,608,448$209,670,015
89$342,345,965$64,761,901$38,747,339$229,379,216
90$377,140,451$67,810,432$39,920,573$251,025,905
91$415,480,043$71,004,409$41,129,178$274,804,427
92$457,726,218$74,350,837$42,374,217$300,928,795
93$504,277,321$77,857,056$43,656,781$329,634,695
94$555,572,321$81,530,765$44,977,997$361,181,687
95$612,094,961$85,380,036$46,339,023$395,855,628
96$674,378,319$89,413,330$47,741,052$433,971,356
97$743,009,845$93,639,520$49,185,315$475,875,625
98$818,636,902$98,067,909$50,673,075$521,950,362
99$901,972,880$102,708,251$52,205,637$572,616,239
100$993,803,931$107,570,772$53,784,343$628,336,618