Can I retire at age 57 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,156,344
2 years$605,035$593,767$582,846$572,257$561,987$538,085
3 years$399,350$388,033$377,140$366,651$356,548$333,317
4 years$296,528$285,245$274,461$264,151$254,293$231,913
5 years$234,850$223,636$212,993$202,894$193,309$171,844
6 years$193,746$182,615$172,130$162,256$152,959$132,431
7 years$164,396$153,360$143,041$133,399$124,397$104,811
8 years$142,395$131,458$121,310$111,905$103,199$84,549
9 years$125,291$114,458$104,484$95,319$86,909$69,183
10 years$111,617$100,889$91,092$82,165$74,050$57,231
11 years$100,435$89,816$80,196$71,509$63,686$47,753
12 years$91,125$80,614$71,172$62,723$55,189$40,118
13 years$83,252$72,851$63,587$55,375$48,126$33,892
14 years$76,510$66,220$57,133$49,155$42,187$28,764
15 years$70,673$60,493$51,584$43,838$37,144$24,503
16 years$65,570$55,501$46,768$39,252$32,828$20,939
17 years$61,072$51,114$42,557$35,268$29,108$17,941
18 years$57,078$47,232$38,849$31,783$25,881$15,407
19 years$53,509$43,774$35,565$28,719$23,069$13,255
20 years$50,301$40,677$32,639$26,011$20,605$11,422
21 years$47,402$37,889$30,022$23,606$18,439$9,856
22 years$44,770$35,368$27,670$21,463$16,528$8,515
23 years$42,370$33,079$25,548$19,547$14,837$7,364
24 years$40,174$30,993$23,628$17,828$13,336$6,373
25 years$38,157$29,085$21,884$16,282$12,000$5,520
26 years$36,298$27,336$20,296$14,887$10,809$4,785
27 years$34,579$25,726$18,847$13,627$9,745$4,149
28 years$32,986$24,241$17,521$12,485$8,793$3,600
29 years$31,506$22,869$16,305$11,449$7,940$3,125
30 years$30,126$21,597$15,187$10,507$7,175$2,713
31 years$28,839$20,417$14,158$9,650$6,486$2,356
32 years$27,634$19,318$13,210$8,869$5,867$2,047
33 years$26,505$18,295$12,334$8,155$5,310$1,779
34 years$25,444$17,339$11,524$7,504$4,808$1,546
35 years$24,446$16,446$10,775$6,908$4,354$1,344
36 years$23,506$15,610$10,079$6,362$3,945$1,169
37 years$22,618$14,826$9,434$5,861$3,576$1,016
38 years$21,780$14,090$8,835$5,403$3,242$884
39 years$20,986$13,398$8,277$4,982$2,940$769
40 years$20,234$12,747$7,758$4,595$2,666$669
41 years$19,520$12,134$7,275$4,239$2,419$582
42 years$18,843$11,556$6,824$3,912$2,195$506
43 years$18,198$11,010$6,403$3,612$1,992$440
44 years$17,585$10,495$6,011$3,335$1,808$383
45 years$17,000$10,008$5,644$3,080$1,642$333
46 years$16,442$9,547$5,301$2,845$1,491$290
47 years$15,910$9,111$4,980$2,628$1,353$252
48 years$15,402$8,698$4,680$2,429$1,229$220
49 years$14,915$8,306$4,399$2,244$1,116$191
50 years$14,450$7,934$4,135$2,075$1,014$166

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,800,000, adding $2,006 every year, while hoping to spend $25,114 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: 78/12/10 Blend
56$14,800,000$14,800,000$14,800,000$14,800,000
57$16,311,669$15,527,269$15,297,869$17,556,282
58$17,948,738$16,261,384$15,783,627$19,108,611
59$19,751,947$17,030,629$16,284,815$20,807,282
60$21,738,214$17,836,699$16,801,926$22,669,587
61$23,926,186$18,681,371$17,335,464$24,711,827
62$26,336,406$19,566,507$17,885,951$26,951,952
63$28,991,516$20,494,063$18,453,927$29,409,724
64$31,916,465$21,466,086$19,039,948$32,106,904
65$35,138,744$22,484,724$19,644,586$35,067,452
66$38,688,650$23,552,230$20,268,434$38,317,754
67$42,599,568$24,670,964$20,912,101$41,886,868
68$46,908,286$25,843,404$21,576,219$45,806,792
69$51,655,346$27,072,146$22,261,438$50,112,768
70$56,885,423$28,359,912$22,968,427$54,843,609
71$62,647,746$29,709,557$23,697,879$60,042,062
72$68,996,566$31,124,076$24,450,508$65,755,209
73$75,991,666$32,606,606$25,227,050$72,034,910
74$83,698,926$34,160,440$26,028,267$78,938,284
75$92,190,945$35,789,030$26,854,942$86,528,249
76$101,547,723$37,495,994$27,707,884$94,874,112
77$111,857,421$39,285,128$28,587,929$104,052,216
78$123,217,192$41,160,413$29,495,938$114,146,659
79$135,734,093$43,126,022$30,432,800$125,250,081
80$149,526,105$45,186,330$31,399,433$137,464,539
81$164,723,236$47,345,929$32,396,783$150,902,460
82$181,468,757$49,609,631$33,425,826$165,687,699
83$199,920,549$51,982,482$34,487,570$181,956,704
84$220,252,597$54,469,774$35,583,055$199,859,800
85$242,656,628$57,077,060$36,713,353$219,562,597
86$267,343,925$59,810,157$37,879,572$241,247,555
87$294,547,321$62,675,170$39,082,853$265,115,691
88$324,523,394$65,678,500$40,324,375$291,388,479
89$357,554,893$68,826,859$41,605,354$320,309,928
90$393,953,403$72,127,286$42,927,045$352,148,881
91$434,062,290$75,587,163$44,290,741$387,201,545
92$478,259,941$79,214,232$45,697,778$425,794,278
93$526,963,337$83,016,611$47,149,535$468,286,666
94$580,631,987$87,002,814$48,647,434$515,074,903
95$639,772,268$91,181,771$50,192,942$566,595,527
96$704,942,206$95,562,844$51,787,572$623,329,529
97$776,756,743$100,155,855$53,432,888$685,806,887
98$855,893,541$104,971,102$55,130,500$754,611,555
99$943,099,382$110,019,386$56,882,071$830,386,969
100$1,039,197,217$115,312,034$58,689,319$913,842,108