Can I retire at age 57 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$933,143$924,831$916,722$908,807$901,078$877,515
2 years$461,952$453,349$445,011$436,926$429,085$405,506
3 years$304,909$296,268$287,951$279,943$272,229$249,372
4 years$226,403$217,789$209,555$201,683$194,156$172,197
5 years$179,311$170,749$162,623$154,912$147,594$126,594
6 years$147,927$139,429$131,424$123,884$116,786$96,765
7 years$125,519$117,093$109,214$101,852$94,979$75,937
8 years$108,720$100,370$92,622$85,441$78,794$60,724
9 years$95,662$87,390$79,775$72,777$66,356$49,241
10 years$85,221$77,030$69,550$62,734$56,538$40,358
11 years$76,684$68,575$61,231$54,598$48,625$33,354
12 years$69,575$61,550$54,341$47,890$42,137$27,748
13 years$63,564$55,623$48,550$42,279$36,745$23,208
14 years$58,417$50,560$43,622$37,531$32,210$19,495
15 years$53,959$46,187$39,385$33,471$28,360$16,435
16 years$50,063$42,376$35,708$29,970$25,065$13,896
17 years$46,629$39,027$32,493$26,927$22,224$11,778
18 years$43,580$36,062$29,662$24,267$19,761$10,003
19 years$40,855$33,422$27,154$21,927$17,613$8,510
20 years$38,405$31,057$24,921$19,859$15,732$7,251
21 years$36,192$28,929$22,922$18,024$14,079$6,185
22 years$34,182$27,004$21,126$16,388$12,620$5,282
23 years$32,350$25,256$19,506$14,925$11,328$4,514
24 years$30,673$23,664$18,040$13,612$10,182$3,861
25 years$29,133$22,207$16,709$12,431$9,162$3,305
26 years$27,714$20,871$15,497$11,367$8,253$2,830
27 years$26,402$19,642$14,390$10,404$7,441$2,425
28 years$25,185$18,509$13,377$9,532$6,714$2,078
29 years$24,055$17,461$12,449$8,741$6,063$1,782
30 years$23,002$16,490$11,596$8,022$5,478$1,528
31 years$22,019$15,588$10,810$7,368$4,953$1,311
32 years$21,099$14,750$10,086$6,771$4,480$1,125
33 years$20,237$13,968$9,417$6,227$4,054$965
34 years$19,427$13,239$8,799$5,729$3,671$828
35 years$18,665$12,557$8,227$5,274$3,325$711
36 years$17,947$11,918$7,696$4,857$3,012$610
37 years$17,269$11,320$7,203$4,475$2,730$524
38 years$16,629$10,758$6,745$4,125$2,475$450
39 years$16,023$10,229$6,320$3,803$2,245$386
40 years$15,449$9,732$5,923$3,508$2,036$332
41 years$14,904$9,264$5,554$3,237$1,847$285
42 years$14,387$8,823$5,210$2,987$1,676$245
43 years$13,894$8,407$4,889$2,757$1,521$210
44 years$13,426$8,013$4,589$2,546$1,381$181
45 years$12,980$7,641$4,309$2,351$1,253$155
46 years$12,554$7,290$4,047$2,172$1,138$133
47 years$12,148$6,956$3,802$2,007$1,033$114
48 years$11,759$6,641$3,573$1,854$938$98
49 years$11,388$6,342$3,358$1,714$852$84
50 years$11,033$6,058$3,157$1,584$774$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,300,000, adding $3,095 every year, while hoping to spend $55,964 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: 50/44/6 Blend
56$11,300,000$11,300,000$11,300,000$11,300,000
57$12,455,792$11,856,892$11,681,742$13,059,956
58$13,666,738$12,378,335$12,013,536$13,993,117
59$14,999,324$12,923,452$12,354,568$15,000,263
60$16,465,900$13,493,346$12,705,090$16,093,267
61$18,080,070$14,089,168$13,065,360$17,280,171
62$19,856,827$14,712,128$13,435,639$18,569,812
63$21,812,690$15,363,489$13,816,200$19,971,892
64$23,965,861$16,044,576$14,207,319$21,497,068
65$26,336,396$16,756,777$14,609,281$23,157,051
66$28,946,395$17,501,546$15,022,378$24,964,705
67$31,820,210$18,280,404$15,446,911$26,934,172
68$34,984,674$19,094,947$15,883,185$29,080,990
69$38,469,357$19,946,845$16,331,517$31,422,244
70$42,306,838$20,837,847$16,792,230$33,976,713
71$46,533,021$21,769,788$17,265,656$36,765,046
72$51,187,468$22,744,586$17,752,134$39,809,950
73$56,313,773$23,764,254$18,252,013$43,136,396
74$61,959,974$24,830,898$18,765,652$46,771,846
75$68,179,007$25,946,728$19,293,417$50,746,512
76$75,029,203$27,114,055$19,835,684$55,093,625
77$82,574,842$28,335,304$20,392,840$59,849,745
78$90,886,754$29,613,012$20,965,278$65,055,097
79$100,042,994$30,949,841$21,553,406$70,753,941
80$110,129,573$32,348,576$22,157,638$76,994,983
81$121,241,271$33,812,139$22,778,401$83,831,821
82$133,482,535$35,343,588$23,416,132$91,323,445
83$146,968,460$36,946,130$24,071,279$99,534,779
84$161,825,876$38,623,124$24,744,300$108,537,286
85$178,194,548$40,378,089$25,435,666$118,409,631
86$196,228,491$42,214,714$26,145,860$129,238,408
87$216,097,426$44,136,864$26,875,375$141,118,950
88$237,988,382$46,148,589$27,624,719$154,156,209
89$262,107,459$48,254,132$28,394,409$168,465,738
90$288,681,777$50,457,941$29,184,979$184,174,766
91$317,961,614$52,764,677$29,996,972$201,423,383
92$350,222,776$55,179,223$30,830,947$220,365,844
93$385,769,192$57,706,697$31,687,477$241,172,016
94$424,935,788$60,352,465$32,567,146$264,028,953
95$468,091,649$63,122,146$33,470,556$289,142,654
96$515,643,499$66,021,632$34,398,321$316,739,981
97$568,039,541$69,057,098$35,351,071$347,070,785
98$625,773,694$72,235,015$36,329,450$380,410,240
99$689,390,244$75,562,164$37,334,121$417,061,422
100$759,488,993$79,045,654$38,365,758$457,358,143