Can I retire at age 57 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$924,886$916,647$908,609$900,764$893,104$888,220
2 years$457,864$449,337$441,073$433,060$425,287$420,360
3 years$302,211$293,647$285,403$277,466$269,820$265,000
4 years$224,399$215,861$207,700$199,898$192,438$187,764
5 years$177,725$169,238$161,184$153,541$146,288$141,773
6 years$146,618$138,195$130,261$122,788$115,753$111,403
7 years$124,408$116,056$108,247$100,951$94,138$89,956
8 years$107,758$99,482$91,802$84,685$78,097$74,082
9 years$94,815$86,617$79,069$72,133$65,769$61,920
10 years$84,467$76,348$68,934$62,179$56,038$52,354
11 years$76,005$67,969$60,689$54,115$48,195$44,673
12 years$68,959$61,005$53,860$47,466$41,764$38,402
13 years$63,002$55,131$48,120$41,905$36,419$33,213
14 years$57,900$50,112$43,236$37,199$31,925$28,871
15 years$53,482$45,778$39,036$33,175$28,109$25,204
16 years$49,620$42,001$35,392$29,704$24,843$22,082
17 years$46,216$38,681$32,205$26,689$22,028$19,407
18 years$43,194$35,743$29,399$24,052$19,586$17,101
19 years$40,493$33,126$26,914$21,733$17,457$15,103
20 years$38,065$30,783$24,700$19,684$15,593$13,366
21 years$35,871$28,673$22,719$17,864$13,954$11,848
22 years$33,880$26,765$20,939$16,243$12,508$10,519
23 years$32,064$25,033$19,334$14,793$11,228$9,352
24 years$30,402$23,454$17,881$13,492$10,092$8,324
25 years$28,875$22,010$16,561$12,321$9,081$7,416
26 years$27,468$20,686$15,359$11,266$8,180$6,614
27 years$26,168$19,468$14,263$10,312$7,375$5,903
28 years$24,962$18,345$13,259$9,448$6,655$5,272
29 years$23,842$17,306$12,339$8,664$6,009$4,712
30 years$22,798$16,344$11,493$7,951$5,429$4,213
31 years$21,824$15,450$10,715$7,303$4,909$3,769
32 years$20,912$14,619$9,997$6,711$4,440$3,374
33 years$20,058$13,845$9,334$6,172$4,018$3,021
34 years$19,255$13,122$8,721$5,679$3,638$2,706
35 years$18,500$12,446$8,154$5,227$3,295$2,425
36 years$17,788$11,813$7,628$4,814$2,986$2,173
37 years$17,117$11,219$7,139$4,436$2,706$1,948
38 years$16,482$10,662$6,686$4,089$2,453$1,747
39 years$15,881$10,139$6,264$3,770$2,225$1,567
40 years$15,312$9,646$5,871$3,477$2,018$1,406
41 years$14,772$9,182$5,505$3,208$1,831$1,261
42 years$14,259$8,745$5,164$2,961$1,661$1,132
43 years$13,771$8,332$4,846$2,733$1,508$1,015
44 years$13,307$7,942$4,549$2,524$1,368$911
45 years$12,865$7,574$4,271$2,331$1,242$818
46 years$12,443$7,225$4,011$2,153$1,128$734
47 years$12,040$6,895$3,769$1,989$1,024$659
48 years$11,655$6,582$3,541$1,838$930$592
49 years$11,287$6,286$3,329$1,698$845$532
50 years$10,935$6,004$3,130$1,570$767$477

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,200,000, adding $4,923 every year, while hoping to spend $34,957 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: 54/23/23 Blend
56$11,200,000$11,200,000$11,200,000$11,200,000
57$12,347,478$11,753,878$11,580,278$12,935,909
58$13,569,727$12,292,624$11,931,023$13,879,733
59$14,915,473$12,856,597$12,292,347$14,902,605
60$16,397,278$13,446,996$12,664,567$16,015,410
61$18,028,979$14,065,078$13,048,009$17,226,766
62$19,825,829$14,712,161$13,443,011$18,546,146
63$21,804,630$15,389,624$13,849,919$19,983,965
64$23,983,901$16,098,914$14,269,090$21,551,677
65$26,384,047$16,841,549$14,700,892$23,261,877
66$29,027,552$17,619,117$15,145,704$25,128,420
67$31,939,193$18,433,284$15,603,916$27,166,543
68$35,146,272$19,285,796$16,075,929$29,393,012
69$38,678,876$20,178,485$16,562,156$31,826,270
70$42,570,157$21,113,266$17,063,024$34,486,610
71$46,856,650$22,092,153$17,578,972$37,396,360
72$51,578,611$23,117,251$18,110,450$40,580,095
73$56,780,403$24,190,770$18,657,925$44,064,857
74$62,510,913$25,315,027$19,221,874$47,880,410
75$68,824,010$26,492,447$19,802,791$52,059,514
76$75,779,058$27,725,576$20,401,183$56,638,229
77$83,441,474$29,017,081$21,017,575$61,656,251
78$91,883,344$30,369,758$21,652,503$67,157,282
79$101,184,106$31,786,537$22,306,523$73,189,431
80$111,431,299$33,270,491$22,980,205$79,805,668
81$122,721,387$34,824,841$23,674,138$87,064,315
82$135,160,674$36,452,964$24,388,927$95,029,588
83$148,866,301$38,158,397$25,125,195$103,772,200
84$163,967,359$39,944,854$25,883,583$113,370,017
85$180,606,100$41,816,222$26,664,754$123,908,787
86$198,939,286$43,776,581$27,469,387$135,482,940
87$219,139,665$45,830,205$28,298,183$148,196,476
88$241,397,602$47,981,577$29,151,864$162,163,928
89$265,922,879$50,235,395$30,031,173$177,511,444
90$292,946,669$52,596,586$30,936,874$194,377,963
91$322,723,725$55,070,315$31,869,755$212,916,514
92$355,534,781$57,661,996$32,830,627$233,295,658
93$391,689,201$60,377,306$33,820,326$255,701,058
94$431,527,903$63,222,198$34,839,710$280,337,230
95$475,426,574$66,202,911$35,889,666$307,429,452
96$523,799,219$69,325,987$36,971,104$337,225,887
97$577,102,066$72,598,288$38,084,963$369,999,905
98$635,837,877$76,027,004$39,232,209$406,052,655
99$700,560,689$79,619,675$40,413,836$445,715,888
100$771,881,050$83,384,210$41,630,870$489,355,082