Can I retire at age 57 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$908,370$900,278$892,384$884,679$877,155$851,123
2 years$449,688$441,313$433,196$425,327$417,693$391,681
3 years$296,814$288,403$280,307$272,511$265,002$239,825
4 years$220,392$212,007$203,991$196,329$189,001$164,854
5 years$174,551$166,216$158,306$150,799$143,676$120,623
6 years$144,000$135,728$127,935$120,595$113,686$91,748
7 years$122,187$113,984$106,314$99,148$92,457$71,633
8 years$105,834$97,705$90,163$83,173$76,702$56,980
9 years$93,122$85,070$77,657$70,845$64,594$45,954
10 years$82,958$74,985$67,703$61,069$55,037$37,452
11 years$74,648$66,755$59,605$53,148$47,334$30,774
12 years$67,728$59,915$52,898$46,618$41,019$25,451
13 years$61,877$54,146$47,261$41,157$35,769$21,158
14 years$56,866$49,217$42,464$36,534$31,355$17,663
15 years$52,527$44,961$38,339$32,582$27,607$14,796
16 years$48,734$41,251$34,760$29,174$24,400$12,430
17 years$45,391$37,990$31,630$26,213$21,634$10,466
18 years$42,423$35,105$28,874$23,623$19,236$8,830
19 years$39,770$32,535$26,433$21,345$17,146$7,462
20 years$37,386$30,233$24,259$19,332$15,315$6,314
21 years$35,231$28,161$22,314$17,545$13,705$5,349
22 years$33,275$26,287$20,566$15,953$12,285$4,536
23 years$31,491$24,586$18,989$14,528$11,027$3,849
24 years$29,859$23,035$17,561$13,251$9,912$3,269
25 years$28,360$21,617$16,265$12,101$8,919$2,778
26 years$26,978$20,317$15,085$11,065$8,034$2,362
27 years$25,701$19,121$14,008$10,128$7,243$2,009
28 years$24,517$18,017$13,022$9,279$6,536$1,709
29 years$23,416$16,997$12,118$8,509$5,902$1,454
30 years$22,391$16,052$11,288$7,809$5,332$1,238
31 years$21,434$15,175$10,523$7,172$4,821$1,054
32 years$20,539$14,358$9,818$6,592$4,361$898
33 years$19,699$13,597$9,167$6,061$3,947$765
34 years$18,911$12,887$8,565$5,577$3,573$651
35 years$18,169$12,223$8,008$5,134$3,236$555
36 years$17,471$11,602$7,491$4,728$2,932$473
37 years$16,811$11,019$7,012$4,357$2,658$403
38 years$16,188$10,472$6,566$4,016$2,409$343
39 years$15,598$9,958$6,152$3,702$2,185$293
40 years$15,039$9,474$5,766$3,415$1,982$249
41 years$14,508$9,018$5,407$3,151$1,798$213
42 years$14,005$8,589$5,072$2,908$1,632$181
43 years$13,526$8,183$4,759$2,684$1,481$154
44 years$13,070$7,801$4,467$2,478$1,344$132
45 years$12,635$7,439$4,195$2,289$1,220$112
46 years$12,221$7,096$3,940$2,114$1,108$96
47 years$11,825$6,772$3,701$1,953$1,006$82
48 years$11,447$6,465$3,478$1,805$914$69
49 years$11,086$6,173$3,269$1,668$830$59
50 years$10,740$5,897$3,074$1,542$754$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,000,000, adding $6,075 every year, while hoping to spend $24,312 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: 67/11/22 Blend
56$11,000,000$11,000,000$11,000,000$11,000,000
57$12,128,266$11,545,266$11,374,766$12,872,765
58$13,339,482$12,085,117$11,729,953$13,912,712
59$14,673,426$12,650,605$12,096,224$15,046,213
60$16,142,593$13,242,961$12,473,924$16,285,255
61$17,760,747$13,863,476$12,863,411$17,640,233
62$19,543,059$14,513,502$13,265,051$19,122,585
63$21,506,244$15,194,457$13,679,223$20,744,903
64$23,668,722$15,907,827$14,106,319$22,521,049
65$26,050,792$16,655,171$14,546,741$24,466,281
66$28,674,821$17,438,122$15,000,904$26,597,396
67$31,565,456$18,258,393$15,469,238$28,932,889
68$34,749,859$19,117,781$15,952,184$31,493,120
69$38,257,960$20,018,167$16,450,197$34,300,510
70$42,122,741$20,961,526$16,963,747$37,379,746
71$46,380,547$21,949,928$17,493,320$40,758,011
72$51,071,430$22,985,542$18,039,413$44,465,241
73$56,239,525$24,070,643$18,602,543$48,534,403
74$61,933,469$25,207,616$19,183,240$53,001,803
75$68,206,856$26,398,963$19,782,052$57,907,426
76$75,118,749$27,647,305$20,399,544$63,295,310
77$82,734,230$28,955,392$21,036,298$69,213,959
78$91,125,021$30,326,106$21,692,914$75,716,797
79$100,370,159$31,762,471$22,370,012$82,862,668
80$110,556,737$33,267,654$23,068,229$90,716,390
81$121,780,734$34,844,979$23,788,225$99,349,359
82$134,147,916$36,497,930$24,530,678$108,840,225
83$147,774,835$38,230,160$25,296,287$119,275,622
84$162,789,931$40,045,501$26,085,775$130,750,990
85$179,334,742$41,947,968$26,899,886$143,371,463
86$197,565,241$43,941,773$27,739,388$157,252,865
87$217,653,308$46,031,334$28,605,070$172,522,791
88$239,788,356$48,221,279$29,497,750$189,321,811
89$264,179,112$50,516,466$30,418,269$207,804,790
90$291,055,595$52,921,986$31,367,494$228,142,343
91$320,671,280$55,443,178$32,346,320$250,522,442
92$353,305,498$58,085,641$33,355,669$275,152,184
93$389,266,067$60,855,245$34,396,492$302,259,737
94$428,892,201$63,758,148$35,469,770$332,096,489
95$472,557,713$66,800,804$36,576,514$364,939,418
96$520,674,539$69,989,983$37,717,767$401,093,690
97$573,696,634$73,332,784$38,894,604$440,895,541
98$632,124,252$76,836,652$40,108,134$484,715,441
99$696,508,669$80,509,391$41,359,500$532,961,581
100$767,457,390$84,359,188$42,649,881$586,083,717