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%13.7%
1 years$908,370$900,278$892,384$884,679$877,155$863,691
2 years$449,688$441,313$433,196$425,327$417,693$404,160
3 years$296,814$288,403$280,307$272,511$265,002$251,822
4 years$220,392$212,007$203,991$196,329$189,001$176,276
5 years$174,551$166,216$158,306$150,799$143,676$131,442
6 years$144,000$135,728$127,935$120,595$113,686$101,957
7 years$122,187$113,984$106,314$99,148$92,457$81,238
8 years$105,834$97,705$90,163$83,173$76,702$65,990
9 years$93,122$85,070$77,657$70,845$64,594$54,384
10 years$82,958$74,985$67,703$61,069$55,037$45,321
11 years$74,648$66,755$59,605$53,148$47,334$38,102
12 years$67,728$59,915$52,898$46,618$41,019$32,259
13 years$61,877$54,146$47,261$41,157$35,769$27,470
14 years$56,866$49,217$42,464$36,534$31,355$23,503
15 years$52,527$44,961$38,339$32,582$27,607$20,188
16 years$48,734$41,251$34,760$29,174$24,400$17,397
17 years$45,391$37,990$31,630$26,213$21,634$15,035
18 years$42,423$35,105$28,874$23,623$19,236$13,024
19 years$39,770$32,535$26,433$21,345$17,146$11,305
20 years$37,386$30,233$24,259$19,332$15,315$9,829
21 years$35,231$28,161$22,314$17,545$13,705$8,559
22 years$33,275$26,287$20,566$15,953$12,285$7,463
23 years$31,491$24,586$18,989$14,528$11,027$6,514
24 years$29,859$23,035$17,561$13,251$9,912$5,692
25 years$28,360$21,617$16,265$12,101$8,919$4,977
26 years$26,978$20,317$15,085$11,065$8,034$4,355
27 years$25,701$19,121$14,008$10,128$7,243$3,813
28 years$24,517$18,017$13,022$9,279$6,536$3,341
29 years$23,416$16,997$12,118$8,509$5,902$2,928
30 years$22,391$16,052$11,288$7,809$5,332$2,568
31 years$21,434$15,175$10,523$7,172$4,821$2,253
32 years$20,539$14,358$9,818$6,592$4,361$1,977
33 years$19,699$13,597$9,167$6,061$3,947$1,735
34 years$18,911$12,887$8,565$5,577$3,573$1,523
35 years$18,169$12,223$8,008$5,134$3,236$1,338
36 years$17,471$11,602$7,491$4,728$2,932$1,175
37 years$16,811$11,019$7,012$4,357$2,658$1,032
38 years$16,188$10,472$6,566$4,016$2,409$907
39 years$15,598$9,958$6,152$3,702$2,185$797
40 years$15,039$9,474$5,766$3,415$1,982$700
41 years$14,508$9,018$5,407$3,151$1,798$615
42 years$14,005$8,589$5,072$2,908$1,632$541
43 years$13,526$8,183$4,759$2,684$1,481$475
44 years$13,070$7,801$4,467$2,478$1,344$418
45 years$12,635$7,439$4,195$2,289$1,220$367
46 years$12,221$7,096$3,940$2,114$1,108$323
47 years$11,825$6,772$3,701$1,953$1,006$284
48 years$11,447$6,465$3,478$1,805$914$250
49 years$11,086$6,173$3,269$1,668$830$220
50 years$10,740$5,897$3,074$1,542$754$193

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 $5,183 every year, while hoping to spend $45,116 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: 65/6/29 Blend
56$11,000,000$11,000,000$11,000,000$11,000,000
57$12,127,346$11,544,346$11,373,846$12,821,910
58$13,316,333$12,062,016$11,706,867$13,810,186
59$14,625,083$12,603,540$12,049,532$14,884,549
60$16,065,767$13,170,038$12,402,116$16,057,964
61$17,651,791$13,762,686$12,764,903$17,340,194
62$19,397,931$14,382,715$13,138,184$18,741,987
63$21,320,465$15,031,413$13,522,259$20,275,175
64$23,437,331$15,710,131$13,917,433$21,952,785
65$25,768,297$16,420,285$14,324,025$23,789,158
66$28,335,142$17,163,358$14,742,359$25,800,087
67$31,161,868$17,940,904$15,172,769$28,002,963
68$34,274,920$18,754,551$15,615,599$30,416,934
69$37,703,442$19,606,004$16,071,202$33,063,089
70$41,479,547$20,497,051$16,539,941$35,964,651
71$45,638,620$21,429,566$17,022,188$39,147,198
72$50,219,656$22,405,512$17,518,328$42,638,899
73$55,265,623$23,426,944$18,028,754$46,470,781
74$60,823,872$24,496,019$18,553,872$50,677,018
75$66,946,577$25,614,995$19,094,098$55,295,250
76$73,691,237$26,786,239$19,649,859$60,366,940
77$81,121,210$28,012,231$20,221,596$65,937,760
78$89,306,314$29,295,571$20,809,760$72,058,021
79$98,323,487$30,638,983$21,414,816$78,783,142
80$108,257,511$32,045,322$22,037,241$86,174,178
81$119,201,815$33,517,579$22,677,526$94,298,386
82$131,259,351$35,058,892$23,336,174$103,229,860
83$144,543,573$36,672,546$24,013,704$113,050,229
84$159,179,503$38,361,986$24,710,649$123,849,422
85$175,304,910$40,130,822$25,427,553$135,726,517
86$193,071,616$41,982,837$26,164,981$148,790,668
87$212,646,922$43,921,997$26,923,510$163,162,137
88$234,215,193$45,952,459$27,703,732$178,973,424
89$257,979,593$48,078,580$28,506,257$196,370,514
90$284,164,007$50,304,926$29,331,712$215,514,250
91$313,015,152$52,636,284$30,180,741$236,581,849
92$344,804,906$55,077,670$31,054,004$259,768,573
93$379,832,874$57,634,344$31,952,181$285,289,563
94$418,429,218$60,311,818$32,875,970$313,381,872
95$460,957,771$63,115,869$33,826,088$344,306,690
96$507,819,472$66,052,556$34,803,270$378,351,814
97$559,456,154$69,128,226$35,808,275$415,834,355
98$616,354,708$72,349,536$36,841,879$457,103,725
99$679,051,687$75,723,461$37,904,880$502,544,936
100$748,138,364$79,257,317$38,998,099$552,582,224