Can I retire at age 57 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,280,987
2 years$662,268$649,934$637,980$626,390$615,148$604,239
3 years$437,126$424,739$412,815$401,334$390,275$379,619
4 years$324,577$312,228$300,424$289,139$278,348$268,027
5 years$257,066$244,791$233,141$222,086$211,595$201,640
6 years$212,073$199,890$188,413$177,604$167,428$157,851
7 years$179,948$167,867$156,572$146,018$136,164$126,969
8 years$155,865$143,893$132,785$122,491$112,961$104,148
9 years$137,143$125,285$114,368$104,335$95,130$86,696
10 years$122,175$110,433$99,709$89,938$81,055$72,996
11 years$109,936$98,312$87,782$78,273$69,710$62,020
12 years$99,744$88,239$77,904$68,656$60,409$53,080
13 years$91,127$79,742$69,602$60,613$52,678$45,702
14 years$83,748$72,484$62,538$53,805$46,177$39,546
15 years$77,358$66,215$56,463$47,985$40,658$34,362
16 years$71,772$60,751$51,192$42,965$35,934$29,962
17 years$66,849$55,950$46,583$38,604$31,861$26,205
18 years$62,477$51,700$42,524$34,790$28,330$22,977
19 years$58,570$47,915$38,929$31,436$25,251$20,192
20 years$55,059$44,525$35,727$28,471$22,555$17,779
21 years$51,886$41,473$32,862$25,839$20,184$15,679
22 years$49,005$38,714$30,287$23,494$18,092$13,848
23 years$46,378$36,208$27,965$21,396$16,240$12,246
24 years$43,974$33,925$25,863$19,515$14,597$10,842
25 years$41,766$31,837$23,954$17,822$13,135$9,607
26 years$39,731$29,921$22,216$16,295$11,832$8,521
27 years$37,850$28,159$20,630$14,916$10,667$7,563
28 years$36,106$26,534$19,178$13,666$9,625$6,717
29 years$34,486$25,032$17,847$12,532$8,691$5,970
30 years$32,976$23,640$16,624$11,501$7,853$5,308
31 years$31,567$22,348$15,498$10,563$7,100$4,722
32 years$30,248$21,146$14,460$9,708$6,423$4,202
33 years$29,012$20,025$13,501$8,927$5,812$3,741
34 years$27,851$18,979$12,615$8,214$5,262$3,331
35 years$26,759$18,002$11,794$7,561$4,766$2,968
36 years$25,729$17,086$11,033$6,964$4,319$2,644
37 years$24,758$16,228$10,327$6,416$3,914$2,356
38 years$23,840$15,422$9,670$5,914$3,549$2,101
39 years$22,971$14,665$9,060$5,453$3,218$1,873
40 years$22,148$13,953$8,492$5,029$2,919$1,670
41 years$21,367$13,282$7,963$4,640$2,648$1,489
42 years$20,625$12,649$7,469$4,282$2,403$1,328
43 years$19,919$12,052$7,009$3,953$2,181$1,185
44 years$19,248$11,488$6,579$3,650$1,979$1,057
45 years$18,608$10,955$6,178$3,371$1,797$943
46 years$17,998$10,451$5,802$3,114$1,631$842
47 years$17,415$9,973$5,451$2,877$1,481$751
48 years$16,858$9,521$5,122$2,658$1,345$670
49 years$16,326$9,092$4,815$2,457$1,222$598
50 years$15,817$8,685$4,527$2,271$1,110$534

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,200,000, adding $2,517 every year, while hoping to spend $44,063 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: 80/5/15 Blend
56$16,200,000$16,200,000$16,200,000$16,200,000
57$17,854,996$16,996,396$16,745,296$19,228,134
58$19,629,323$17,782,337$17,259,381$20,917,707
59$21,583,155$18,605,312$17,789,211$22,765,638
60$23,734,754$19,467,090$18,335,267$24,792,476
61$26,104,244$20,369,523$18,898,044$27,016,136
62$28,713,802$21,314,554$19,478,053$29,456,349
63$31,587,863$22,304,221$20,075,821$32,134,848
64$34,753,354$23,340,656$20,691,890$35,075,565
65$38,239,946$24,426,098$21,326,818$38,304,864
66$42,080,336$25,562,892$21,981,182$41,851,782
67$46,310,552$26,753,496$22,655,573$45,748,305
68$50,970,298$28,000,487$23,350,605$50,029,663
69$56,103,325$29,306,567$24,066,907$54,734,667
70$61,757,843$30,674,568$24,805,127$59,906,069
71$67,986,979$32,107,458$25,565,935$65,590,966
72$74,849,277$33,608,350$26,350,020$71,841,240
73$82,409,250$35,180,505$27,158,092$78,714,045
74$90,737,988$36,827,345$27,990,883$86,272,351
75$99,913,832$38,552,454$28,849,146$94,585,525
76$110,023,110$40,359,591$29,733,660$103,729,993
77$121,160,954$42,252,697$30,645,224$113,789,955
78$133,432,195$44,235,903$31,584,663$124,858,174
79$146,952,357$46,313,541$32,552,827$137,036,855
80$161,848,742$48,490,149$33,550,592$150,438,602
81$178,261,638$50,770,490$34,578,860$165,187,482
82$196,345,635$53,159,554$35,638,562$181,420,189
83$216,271,090$55,662,573$36,730,655$199,287,333
84$238,225,736$58,285,034$37,856,126$218,954,858
85$262,416,448$61,032,687$39,015,993$240,605,607
86$289,071,200$63,911,564$40,211,303$264,441,041
87$318,441,218$66,927,986$41,443,138$290,683,138
88$350,803,348$70,088,582$42,712,608$319,576,488
89$386,462,670$73,400,304$44,020,861$351,390,592
90$425,755,380$76,870,437$45,369,078$386,422,405
91$469,051,963$80,506,622$46,758,476$424,999,137
92$516,760,688$84,316,871$48,190,310$467,481,332
93$569,331,463$88,309,583$49,665,870$514,266,272
94$627,260,085$92,493,565$51,186,489$565,791,718
95$691,092,916$96,878,052$52,753,539$622,540,042
96$761,432,043$101,472,726$54,368,432$685,042,770
97$838,940,962$106,287,740$56,032,625$753,885,600
98$924,350,840$111,333,740$57,747,619$829,713,919
99$1,018,467,420$116,621,888$59,514,958$913,238,896
100$1,122,178,625$122,163,888$61,336,237$1,005,244,184