Can I retire at age 57 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,249,201
2 years$666,356$653,946$641,918$630,257$618,945$568,594
3 years$439,824$427,361$415,363$403,811$392,684$344,151
4 years$326,581$314,155$302,278$290,923$280,066$233,719
5 years$258,653$246,302$234,580$223,457$212,901$168,861
6 years$213,382$201,124$189,576$178,700$168,462$126,756
7 years$181,058$168,903$157,538$146,919$137,004$97,619
8 years$156,827$144,781$133,605$123,247$113,658$76,555
9 years$137,990$126,058$115,074$104,979$95,717$60,841
10 years$122,929$111,114$100,324$90,493$81,556$48,841
11 years$110,615$98,918$88,324$78,756$70,140$39,512
12 years$100,360$88,784$78,385$69,080$60,782$32,159
13 years$91,690$80,235$70,032$60,987$53,003$26,301
14 years$84,265$72,931$62,924$54,137$46,462$21,593
15 years$77,835$66,624$56,812$48,281$40,909$17,782
16 years$72,215$61,126$51,508$43,230$36,156$14,681
17 years$67,261$56,295$46,870$38,842$32,058$12,146
18 years$62,863$52,019$42,787$35,005$28,505$10,065
19 years$58,932$48,211$39,169$31,630$25,407$8,352
20 years$55,399$44,800$35,948$28,647$22,694$6,939
21 years$52,206$41,729$33,065$25,999$20,308$5,770
22 years$49,307$38,953$30,474$23,639$18,204$4,802
23 years$46,665$36,432$28,138$21,528$16,341$3,999
24 years$44,246$34,134$26,023$19,635$14,687$3,332
25 years$42,024$32,033$24,102$17,932$13,216$2,777
26 years$39,976$30,106$22,353$16,396$11,905$2,316
27 years$38,084$28,333$20,757$15,008$10,733$1,932
28 years$36,329$26,698$19,296$13,750$9,685$1,612
29 years$34,699$25,187$17,957$12,609$8,745$1,345
30 years$33,180$23,786$16,726$11,572$7,902$1,123
31 years$31,762$22,486$15,593$10,628$7,144$937
32 years$30,435$21,276$14,549$9,768$6,462$782
33 years$29,191$20,149$13,584$8,982$5,848$653
34 years$28,023$19,097$12,692$8,264$5,295$546
35 years$26,924$18,113$11,867$7,608$4,796$456
36 years$25,888$17,192$11,101$7,007$4,345$381
37 years$24,911$16,328$10,390$6,456$3,938$318
38 years$23,987$15,518$9,730$5,950$3,570$265
39 years$23,113$14,756$9,116$5,486$3,238$222
40 years$22,285$14,039$8,544$5,060$2,937$185
41 years$21,499$13,364$8,012$4,669$2,664$155
42 years$20,752$12,727$7,515$4,309$2,418$129
43 years$20,042$12,126$7,052$3,978$2,194$108
44 years$19,367$11,559$6,620$3,673$1,992$90
45 years$18,723$11,023$6,216$3,392$1,808$75
46 years$18,109$10,515$5,838$3,133$1,642$63
47 years$17,523$10,035$5,485$2,895$1,491$53
48 years$16,963$9,579$5,154$2,675$1,354$44
49 years$16,427$9,148$4,845$2,472$1,229$37
50 years$15,914$8,738$4,555$2,285$1,117$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $16,300,000, adding $5,204 every year, while hoping to spend $42,380 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: 67/24/9 Blend
56$16,300,000$16,300,000$16,300,000$16,300,000
57$17,967,968$17,104,068$16,851,418$19,139,578
58$19,755,609$17,897,075$17,370,848$20,711,621
59$21,724,168$18,727,520$17,906,259$22,424,079
60$23,892,056$19,597,190$18,458,142$24,295,121
61$26,279,557$20,507,964$19,027,001$26,340,243
62$28,909,024$21,461,807$19,613,357$28,576,492
63$31,805,089$22,460,779$20,217,749$31,022,625
64$34,994,893$23,507,043$20,840,729$33,699,278
65$38,508,347$24,602,863$21,482,868$36,629,155
66$42,378,409$25,750,613$22,144,754$39,837,246
67$46,641,396$26,952,783$22,826,993$43,351,048
68$51,337,330$28,211,981$23,530,209$47,200,826
69$56,510,313$29,530,943$24,255,046$51,419,889
70$62,208,941$30,912,536$25,002,167$56,044,904
71$68,486,770$32,359,767$25,772,256$61,116,232
72$75,402,811$33,875,786$26,566,017$66,678,303
73$83,022,095$35,463,897$27,384,177$72,780,031
74$91,416,285$37,127,564$28,227,483$79,475,270
75$100,664,349$38,870,418$29,096,706$86,823,312
76$110,853,309$40,696,264$29,992,642$94,889,439
77$122,079,061$42,609,096$30,916,110$103,745,538
78$134,447,278$44,613,095$31,867,953$113,470,763
79$148,074,413$46,712,649$32,849,042$124,152,281
80$163,088,792$48,912,357$33,860,273$135,886,082
81$179,631,826$51,217,041$34,902,571$148,777,876
82$197,859,352$53,631,755$35,976,886$162,944,084
83$217,943,095$56,161,800$37,084,201$178,512,924
84$240,072,296$58,812,733$38,225,527$195,625,614
85$264,455,494$61,590,381$39,401,906$214,437,691
86$291,322,496$64,500,852$40,614,412$235,120,467
87$320,926,548$67,550,551$41,864,152$257,862,641
88$353,546,722$70,746,194$43,152,267$282,872,059
89$389,490,552$74,094,821$44,479,932$310,377,669
90$429,096,937$77,603,817$45,848,359$340,631,666
91$472,739,342$81,280,921$47,258,796$373,911,857
92$520,829,320$85,134,251$48,712,530$410,524,273
93$573,820,398$89,172,316$50,210,887$450,806,037
94$632,212,360$93,404,042$51,755,234$495,128,535
95$696,555,964$97,838,783$53,346,977$543,900,899
96$767,458,141$102,486,352$54,987,570$597,573,856
97$845,587,725$107,357,037$56,678,507$656,643,962
98$931,681,765$112,461,623$58,421,328$721,658,270
99$1,026,552,485$117,811,424$60,217,624$793,219,475
100$1,131,094,954$123,418,298$62,069,029$871,991,577