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%16.2%
1 years$908,370$900,278$892,384$884,679$877,155$854,910
2 years$449,688$441,313$433,196$425,327$417,693$395,425
3 years$296,814$288,403$280,307$272,511$265,002$243,408
4 years$220,392$212,007$203,991$196,329$189,001$168,249
5 years$174,551$166,216$158,306$150,799$143,676$123,821
6 years$144,000$135,728$127,935$120,595$113,686$94,749
7 years$122,187$113,984$106,314$99,148$92,457$74,440
8 years$105,834$97,705$90,163$83,173$76,702$59,596
9 years$93,122$85,070$77,657$70,845$64,594$48,385
10 years$82,958$74,985$67,703$61,069$55,037$39,705
11 years$74,648$66,755$59,605$53,148$47,334$32,857
12 years$67,728$59,915$52,898$46,618$41,019$27,371
13 years$61,877$54,146$47,261$41,157$35,769$22,923
14 years$56,866$49,217$42,464$36,534$31,355$19,282
15 years$52,527$44,961$38,339$32,582$27,607$16,278
16 years$48,734$41,251$34,760$29,174$24,400$13,783
17 years$45,391$37,990$31,630$26,213$21,634$11,699
18 years$42,423$35,105$28,874$23,623$19,236$9,951
19 years$39,770$32,535$26,433$21,345$17,146$8,479
20 years$37,386$30,233$24,259$19,332$15,315$7,235
21 years$35,231$28,161$22,314$17,545$13,705$6,181
22 years$33,275$26,287$20,566$15,953$12,285$5,287
23 years$31,491$24,586$18,989$14,528$11,027$4,525
24 years$29,859$23,035$17,561$13,251$9,912$3,877
25 years$28,360$21,617$16,265$12,101$8,919$3,323
26 years$26,978$20,317$15,085$11,065$8,034$2,851
27 years$25,701$19,121$14,008$10,128$7,243$2,446
28 years$24,517$18,017$13,022$9,279$6,536$2,100
29 years$23,416$16,997$12,118$8,509$5,902$1,803
30 years$22,391$16,052$11,288$7,809$5,332$1,549
31 years$21,434$15,175$10,523$7,172$4,821$1,331
32 years$20,539$14,358$9,818$6,592$4,361$1,144
33 years$19,699$13,597$9,167$6,061$3,947$983
34 years$18,911$12,887$8,565$5,577$3,573$845
35 years$18,169$12,223$8,008$5,134$3,236$727
36 years$17,471$11,602$7,491$4,728$2,932$625
37 years$16,811$11,019$7,012$4,357$2,658$538
38 years$16,188$10,472$6,566$4,016$2,409$462
39 years$15,598$9,958$6,152$3,702$2,185$398
40 years$15,039$9,474$5,766$3,415$1,982$342
41 years$14,508$9,018$5,407$3,151$1,798$294
42 years$14,005$8,589$5,072$2,908$1,632$253
43 years$13,526$8,183$4,759$2,684$1,481$218
44 years$13,070$7,801$4,467$2,478$1,344$187
45 years$12,635$7,439$4,195$2,289$1,220$161
46 years$12,221$7,096$3,940$2,114$1,108$139
47 years$11,825$6,772$3,701$1,953$1,006$119
48 years$11,447$6,465$3,478$1,805$914$103
49 years$11,086$6,173$3,269$1,668$830$88
50 years$10,740$5,897$3,074$1,542$754$76

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 $5,478 every year, while hoping to spend $37,562 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: 63/11/26 Blend
56$11,000,000$11,000,000$11,000,000$11,000,000
57$12,127,651$11,544,651$11,374,151$12,807,785
58$13,324,705$12,070,373$11,715,219$13,794,738
59$14,642,601$12,620,596$12,066,454$14,867,670
60$16,093,623$13,196,482$12,428,157$16,038,803
61$17,691,310$13,799,247$12,800,638$17,317,760
62$19,450,579$14,430,166$13,184,215$18,715,131
63$21,387,868$15,090,575$13,579,217$20,242,571
64$23,521,291$15,781,873$13,985,981$21,912,907
65$25,870,807$16,505,529$14,404,855$23,740,259
66$28,458,409$17,263,080$14,836,198$25,740,170
67$31,308,333$18,056,137$15,280,377$27,929,751
68$34,447,285$18,886,390$15,737,771$30,327,840
69$37,904,694$19,755,609$16,208,772$32,955,177
70$41,712,987$20,665,648$16,693,781$35,834,597
71$45,907,900$21,618,453$17,193,210$38,991,247
72$50,528,810$22,616,061$17,707,487$42,452,812
73$55,619,109$23,660,609$18,237,049$46,249,785
74$61,226,615$24,754,335$18,782,346$50,415,740
75$67,404,018$25,899,586$19,343,842$54,987,656
76$74,209,383$27,098,821$19,922,017$60,006,257
77$81,706,695$28,354,618$20,517,359$65,516,394
78$89,966,464$29,669,680$21,130,377$71,567,468
79$99,066,388$31,046,839$21,761,589$78,213,888
80$109,092,089$32,489,065$22,411,533$85,515,586
81$120,137,922$33,999,469$23,080,759$93,538,574
82$132,307,861$35,581,313$23,769,834$102,355,568
83$145,716,483$37,238,018$24,479,344$112,046,665
84$160,490,051$38,973,167$25,209,889$122,700,100
85$176,767,703$40,790,520$25,962,087$134,413,071
86$194,702,767$42,694,014$26,736,576$147,292,654
87$214,464,208$44,687,779$27,534,010$161,456,806
88$236,238,221$46,776,144$28,355,063$177,035,476
89$260,229,992$48,963,647$29,200,429$194,171,828
90$286,665,630$51,255,045$30,070,823$213,023,580
91$315,794,307$53,655,325$30,966,978$233,764,495
92$347,890,606$56,169,715$31,889,652$256,586,013
93$383,257,114$58,803,697$32,839,621$281,699,049
94$422,227,278$61,563,016$33,817,686$309,335,981
95$465,168,553$64,453,697$34,824,672$339,752,836
96$512,485,873$67,482,056$35,861,426$373,231,697
97$564,625,468$70,654,713$36,928,820$410,083,365
98$622,079,082$73,978,610$38,027,752$450,650,281
99$685,388,612$77,461,026$39,159,145$495,309,749
100$755,151,225$81,109,590$40,323,950$544,477,494