Can I retire at age 57 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$916,628$908,463$900,497$892,722$885,130$863,031
2 years$453,776$445,325$437,134$429,193$421,490$399,367
3 years$299,512$291,025$282,855$274,988$267,411$245,953
4 years$222,396$213,934$205,846$198,114$190,720$170,094
5 years$176,138$167,727$159,745$152,170$144,982$125,245
6 years$145,309$136,962$129,098$121,692$114,719$95,891
7 years$123,297$115,020$107,281$100,049$93,298$75,379
8 years$106,796$98,593$90,983$83,929$77,399$60,384
9 years$93,968$85,843$78,363$71,489$65,181$49,054
10 years$83,712$75,667$68,319$61,624$55,538$40,279
11 years$75,327$67,362$60,147$53,631$47,764$33,353
12 years$68,343$60,460$53,379$47,042$41,392$27,802
13 years$62,439$54,638$47,690$41,531$36,094$23,300
14 years$57,383$49,665$42,850$36,867$31,640$19,613
15 years$53,004$45,370$38,688$32,879$27,858$16,569
16 years$49,177$41,626$35,076$29,439$24,621$14,039
17 years$45,804$38,336$31,918$26,451$21,831$11,925
18 years$42,808$35,424$29,137$23,838$19,411$10,151
19 years$40,132$32,831$26,673$21,539$17,302$8,655
20 years$37,725$30,508$24,480$19,508$15,454$7,391
21 years$35,551$28,417$22,517$17,705$13,830$6,320
22 years$33,577$26,526$20,752$16,098$12,396$5,409
23 years$31,778$24,809$19,161$14,660$11,128$4,634
24 years$30,131$23,245$17,721$13,371$10,002$3,973
25 years$28,618$21,814$16,413$12,211$9,000$3,409
26 years$27,223$20,502$15,222$11,165$8,107$2,926
27 years$25,934$19,294$14,135$10,220$7,309$2,513
28 years$24,739$18,181$13,141$9,364$6,595$2,159
29 years$23,629$17,152$12,228$8,587$5,955$1,856
30 years$22,595$16,198$11,390$7,880$5,381$1,595
31 years$21,629$15,312$10,619$7,238$4,865$1,372
32 years$20,726$14,489$9,908$6,652$4,401$1,180
33 years$19,878$13,721$9,251$6,117$3,983$1,015
34 years$19,083$13,004$8,643$5,628$3,606$874
35 years$18,335$12,334$8,081$5,181$3,266$752
36 years$17,629$11,707$7,560$4,771$2,959$647
37 years$16,964$11,119$7,076$4,396$2,682$557
38 years$16,335$10,567$6,626$4,052$2,431$479
39 years$15,740$10,048$6,208$3,736$2,205$413
40 years$15,175$9,560$5,819$3,446$2,000$355
41 years$14,640$9,100$5,456$3,179$1,814$306
42 years$14,132$8,667$5,118$2,934$1,646$263
43 years$13,649$8,258$4,802$2,709$1,494$227
44 years$13,188$7,871$4,508$2,501$1,356$195
45 years$12,750$7,506$4,233$2,310$1,231$168
46 years$12,332$7,161$3,976$2,134$1,118$145
47 years$11,933$6,833$3,735$1,971$1,015$125
48 years$11,551$6,523$3,510$1,821$922$107
49 years$11,186$6,229$3,299$1,683$837$93
50 years$10,837$5,951$3,102$1,556$760$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,100,000, adding $3,979 every year, while hoping to spend $40,446 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: 58/34/8 Blend
56$11,100,000$11,100,000$11,100,000$11,100,000
57$12,236,304$11,648,004$11,475,954$12,923,843
58$13,441,373$12,175,722$11,817,365$13,914,219
59$14,768,003$12,727,943$12,168,856$14,988,271
60$16,228,552$13,305,824$12,530,725$16,157,931
61$17,836,634$13,910,579$12,903,274$17,432,360
62$19,607,252$14,543,479$13,286,815$18,821,627
63$21,556,939$15,205,857$13,681,671$20,336,799
64$23,703,911$15,899,108$14,088,171$21,990,047
65$26,068,241$16,624,696$14,506,656$23,794,749
66$28,672,049$17,384,153$14,937,477$25,765,619
67$31,539,708$18,179,086$15,380,992$27,918,839
68$34,698,076$19,011,179$15,837,573$30,272,206
69$38,176,749$19,882,197$16,307,601$32,845,299
70$42,008,340$20,793,987$16,791,468$35,659,654
71$46,228,786$21,748,488$17,289,578$38,738,965
72$50,877,690$22,747,731$17,802,346$42,109,303
73$55,998,688$23,793,844$18,330,199$45,799,354
74$61,639,871$24,889,058$18,873,577$49,840,687
75$67,854,227$26,035,712$19,432,931$54,268,043
76$74,700,150$27,236,254$20,008,727$59,119,656
77$82,241,989$28,493,254$20,601,443$64,437,611
78$90,550,652$29,809,404$21,211,571$70,268,231
79$99,704,278$31,187,524$21,839,618$76,662,508
80$109,788,974$32,630,572$22,486,104$83,676,575
81$120,899,627$34,141,647$23,151,566$91,372,231
82$133,140,799$35,723,999$23,836,555$99,817,512
83$146,627,718$37,381,032$24,541,637$109,087,329
84$161,487,360$39,116,317$25,267,396$119,264,161
85$177,859,648$40,933,594$26,014,431$130,438,826
86$195,898,778$42,836,786$26,783,361$142,711,330
87$215,774,669$44,830,004$27,574,819$156,191,797
88$237,674,569$46,917,558$28,389,458$171,001,500
89$261,804,821$49,103,965$29,227,952$187,273,992
90$288,392,814$51,393,960$30,090,989$205,156,357
91$317,689,124$53,792,507$30,979,280$224,810,584
92$349,969,886$56,304,811$31,893,558$246,415,083
93$385,539,395$58,936,327$32,834,572$270,166,355
94$424,732,979$61,692,774$33,803,096$296,280,833
95$467,920,169$64,580,146$34,799,926$324,996,911
96$515,508,182$67,604,729$35,825,880$356,577,174
97$567,945,767$70,773,111$36,881,797$391,310,865
98$625,727,442$74,092,200$37,968,544$429,516,596
99$689,398,161$77,569,237$39,087,010$471,545,335
100$759,558,459$81,211,815$40,238,110$517,783,705