Can I retire at age 57 with 14,900,000?

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 $14,900,000?

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$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,164,158
2 years$609,123$597,778$586,784$576,124$565,784$541,721
3 years$402,048$390,655$379,688$369,128$358,957$335,569
4 years$298,531$287,173$276,316$265,936$256,011$233,480
5 years$236,437$225,147$214,432$204,264$194,615$173,005
6 years$195,055$183,849$173,293$163,352$153,993$133,326
7 years$165,507$154,396$144,007$134,301$125,237$105,519
8 years$143,357$132,346$122,130$112,661$103,896$85,121
9 years$126,138$115,231$105,190$95,963$87,496$69,650
10 years$112,371$101,571$91,707$82,721$74,551$57,618
11 years$101,114$90,422$80,738$71,992$64,116$48,075
12 years$91,740$81,158$71,653$63,146$55,562$40,389
13 years$83,815$73,343$64,017$55,749$48,451$34,121
14 years$77,027$66,667$57,519$49,488$42,472$28,958
15 years$71,150$60,902$51,932$44,134$37,395$24,669
16 years$66,013$55,876$47,084$39,517$33,050$21,081
17 years$61,484$51,460$42,845$35,506$29,305$18,063
18 years$57,464$47,551$39,112$31,998$26,056$15,511
19 years$53,870$44,070$35,805$28,913$23,225$13,345
20 years$50,640$40,952$32,860$26,186$20,745$11,499
21 years$47,722$38,145$30,225$23,766$18,564$9,923
22 years$45,072$35,607$27,857$21,609$16,640$8,572
23 years$42,657$33,303$25,721$19,679$14,937$7,413
24 years$40,446$31,202$23,787$17,949$13,426$6,416
25 years$38,415$29,282$22,032$16,392$12,081$5,558
26 years$36,543$27,520$20,434$14,988$10,882$4,817
27 years$34,813$25,900$18,974$13,719$9,811$4,177
28 years$33,209$24,405$17,639$12,569$8,853$3,624
29 years$31,718$23,023$16,415$11,526$7,994$3,146
30 years$30,330$21,743$15,290$10,578$7,223$2,731
31 years$29,034$20,555$14,254$9,715$6,530$2,372
32 years$27,821$19,449$13,299$8,929$5,907$2,061
33 years$26,684$18,418$12,418$8,211$5,346$1,791
34 years$25,616$17,456$11,602$7,554$4,840$1,557
35 years$24,611$16,557$10,847$6,954$4,384$1,353
36 years$23,665$15,715$10,147$6,405$3,972$1,177
37 years$22,771$14,926$9,498$5,901$3,600$1,023
38 years$21,927$14,185$8,894$5,439$3,264$890
39 years$21,128$13,488$8,333$5,015$2,960$774
40 years$20,371$12,833$7,811$4,626$2,685$673
41 years$19,652$12,216$7,324$4,268$2,435$586
42 years$18,970$11,634$6,870$3,939$2,210$509
43 years$18,321$11,085$6,447$3,636$2,006$443
44 years$17,703$10,566$6,051$3,357$1,821$386
45 years$17,115$10,076$5,682$3,100$1,653$335
46 years$16,553$9,612$5,337$2,864$1,501$292
47 years$16,018$9,173$5,014$2,646$1,363$254
48 years$15,506$8,757$4,711$2,445$1,237$221
49 years$15,016$8,362$4,428$2,260$1,124$192
50 years$14,548$7,988$4,163$2,089$1,021$167

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $14,900,000, adding $3,368 every year, while hoping to spend $55,559 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: 58/28/14 Blend
56$14,900,000$14,900,000$14,900,000$14,900,000
57$16,423,274$15,633,574$15,402,624$17,317,329
58$18,039,334$16,340,505$15,859,498$18,628,850
59$19,818,369$17,080,213$16,329,814$20,051,400
60$21,776,946$17,854,246$16,813,966$21,600,794
61$23,933,316$18,664,226$17,312,355$23,289,232
62$26,307,592$19,511,851$17,825,397$25,130,129
63$28,921,936$20,398,901$18,353,518$27,138,235
64$31,800,769$21,327,243$18,897,156$29,329,770
65$34,971,000$22,298,830$19,456,763$31,722,573
66$38,462,280$23,315,712$20,032,803$34,336,265
67$42,307,285$24,380,034$20,625,755$37,192,431
68$46,542,019$25,494,046$21,236,108$40,314,814
69$51,206,157$26,660,106$21,864,369$43,729,539
70$56,343,417$27,880,684$22,511,058$47,465,351
71$62,001,976$29,158,368$23,176,709$51,553,879
72$68,234,922$30,495,872$23,861,873$56,029,933
73$75,100,753$31,896,039$24,567,115$60,931,819
74$82,663,934$33,361,849$25,293,017$66,301,701
75$90,995,501$34,896,425$26,040,179$72,185,985
76$100,173,733$36,503,041$26,809,216$78,635,755
77$110,284,890$38,185,126$27,600,761$85,707,246
78$121,424,028$39,946,277$28,415,466$93,462,363
79$133,695,897$41,790,262$29,254,002$101,969,262
80$147,215,924$43,721,031$30,117,056$111,302,980
81$162,111,310$45,742,723$31,005,340$121,546,138
82$178,522,225$47,859,678$31,919,580$132,789,707
83$196,603,134$50,076,444$32,860,528$145,133,858
84$216,524,252$52,397,788$33,828,954$158,688,901
85$238,473,153$54,828,707$34,825,652$173,576,306
86$262,656,541$57,374,440$35,851,437$189,929,847
87$289,302,196$60,040,476$36,907,148$207,896,847
88$318,661,131$62,832,570$37,993,649$227,639,559
89$351,009,956$65,756,755$39,111,825$249,336,681
90$386,653,491$68,819,356$40,262,591$273,185,031
91$425,927,642$72,027,000$41,446,883$299,401,392
92$469,202,575$75,386,636$42,665,667$328,224,539
93$516,886,207$78,905,550$43,919,936$359,917,479
94$569,428,055$82,591,377$45,210,709$394,769,917
95$627,323,484$86,452,123$46,539,036$433,100,975
96$691,118,381$90,496,178$47,905,995$475,262,182
97$761,414,307$94,732,342$49,312,696$521,640,776
98$838,874,175$99,169,835$50,760,280$572,663,341
99$924,228,511$103,818,327$52,249,920$628,799,809
100$1,018,282,349$108,687,955$53,782,822$690,567,878