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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$933,143$924,831$916,722$908,807$901,078$895,399
2 years$461,952$453,349$445,011$436,926$429,085$423,357
3 years$304,909$296,268$287,951$279,943$272,229$266,629
4 years$226,403$217,789$209,555$201,683$194,156$188,727
5 years$179,311$170,749$162,623$154,912$147,594$142,352
6 years$147,927$139,429$131,424$123,884$116,786$111,738
7 years$125,519$117,093$109,214$101,852$94,979$90,126
8 years$108,720$100,370$92,622$85,441$78,794$74,138
9 years$95,662$87,390$79,775$72,777$66,356$61,895
10 years$85,221$77,030$69,550$62,734$56,538$52,271
11 years$76,684$68,575$61,231$54,598$48,625$44,547
12 years$69,575$61,550$54,341$47,890$42,137$38,246
13 years$63,564$55,623$48,550$42,279$36,745$33,036
14 years$58,417$50,560$43,622$37,531$32,210$28,680
15 years$53,959$46,187$39,385$33,471$28,360$25,003
16 years$50,063$42,376$35,708$29,970$25,065$21,877
17 years$46,629$39,027$32,493$26,927$22,224$19,200
18 years$43,580$36,062$29,662$24,267$19,761$16,895
19 years$40,855$33,422$27,154$21,927$17,613$14,900
20 years$38,405$31,057$24,921$19,859$15,732$13,167
21 years$36,192$28,929$22,922$18,024$14,079$11,655
22 years$34,182$27,004$21,126$16,388$12,620$10,332
23 years$32,350$25,256$19,506$14,925$11,328$9,172
24 years$30,673$23,664$18,040$13,612$10,182$8,151
25 years$29,133$22,207$16,709$12,431$9,162$7,251
26 years$27,714$20,871$15,497$11,367$8,253$6,456
27 years$26,402$19,642$14,390$10,404$7,441$5,753
28 years$25,185$18,509$13,377$9,532$6,714$5,130
29 years$24,055$17,461$12,449$8,741$6,063$4,578
30 years$23,002$16,490$11,596$8,022$5,478$4,087
31 years$22,019$15,588$10,810$7,368$4,953$3,650
32 years$21,099$14,750$10,086$6,771$4,480$3,262
33 years$20,237$13,968$9,417$6,227$4,054$2,916
34 years$19,427$13,239$8,799$5,729$3,671$2,608
35 years$18,665$12,557$8,227$5,274$3,325$2,333
36 years$17,947$11,918$7,696$4,857$3,012$2,087
37 years$17,269$11,320$7,203$4,475$2,730$1,868
38 years$16,629$10,758$6,745$4,125$2,475$1,672
39 years$16,023$10,229$6,320$3,803$2,245$1,497
40 years$15,449$9,732$5,923$3,508$2,036$1,341
41 years$14,904$9,264$5,554$3,237$1,847$1,201
42 years$14,387$8,823$5,210$2,987$1,676$1,076
43 years$13,894$8,407$4,889$2,757$1,521$964
44 years$13,426$8,013$4,589$2,546$1,381$863
45 years$12,980$7,641$4,309$2,351$1,253$774
46 years$12,554$7,290$4,047$2,172$1,138$693
47 years$12,148$6,956$3,802$2,007$1,033$621
48 years$11,759$6,641$3,573$1,854$938$557
49 years$11,388$6,342$3,358$1,714$852$499
50 years$11,033$6,058$3,157$1,584$774$448

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 $2,237 every year, while hoping to spend $54,347 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: 38/39/23 Blend
56$11,300,000$11,300,000$11,300,000$11,300,000
57$12,454,907$11,856,007$11,680,857$12,842,475
58$13,667,483$12,379,127$12,014,341$13,647,481
59$15,001,920$12,926,058$12,357,176$14,511,657
60$16,470,591$13,497,910$12,709,616$15,444,528
61$18,087,128$14,095,844$13,071,925$16,452,340
62$19,866,553$14,721,078$13,444,372$17,541,945
63$21,825,417$15,374,887$13,827,234$18,720,862
64$23,981,958$16,058,605$14,220,795$19,997,342
65$26,356,273$16,773,631$14,625,346$21,380,442
66$28,970,504$17,521,431$15,041,187$22,880,106
67$31,849,052$18,303,538$15,468,624$24,507,252
68$35,018,805$19,121,560$15,907,972$26,273,871
69$38,509,388$19,977,182$16,359,554$28,193,138
70$42,353,449$20,872,167$16,823,703$30,279,523
71$46,586,962$21,808,364$17,300,757$32,548,927
72$51,249,566$22,787,709$17,791,067$35,018,827
73$56,384,945$23,812,229$18,294,991$37,708,429
74$62,041,232$24,884,050$18,812,895$40,638,847
75$68,271,468$26,005,399$19,345,158$43,833,294
76$75,134,102$27,178,608$19,892,165$47,317,291
77$82,693,541$28,406,121$20,454,314$51,118,904
78$91,020,760$29,690,499$21,032,011$55,268,999
79$100,193,968$31,034,424$21,625,674$59,801,523
80$110,299,350$32,440,708$22,235,731$64,753,820
81$121,431,877$33,912,296$22,862,621$70,166,970
82$133,696,205$35,452,275$23,506,795$76,086,168
83$147,207,660$37,063,878$24,168,715$82,561,141
84$162,093,328$38,750,495$24,848,854$89,646,607
85$178,493,254$40,515,676$25,547,697$97,402,779
86$196,561,765$42,363,143$26,265,744$105,895,926
87$216,468,924$44,296,796$27,003,505$115,198,978
88$238,402,135$46,320,719$27,761,503$125,392,210
89$262,567,915$48,439,197$28,540,276$136,563,983
90$289,193,840$50,656,716$29,340,373$148,811,565
91$318,530,696$52,977,979$30,162,360$162,242,031
92$350,854,842$55,407,915$31,006,814$176,973,265
93$386,470,823$57,951,690$31,874,329$193,135,053
94$425,714,241$60,614,716$32,765,513$210,870,289
95$468,954,924$63,402,668$33,680,988$230,336,314
96$516,600,418$66,321,491$34,621,393$251,706,377
97$569,099,834$69,377,417$35,587,383$275,171,251
98$626,948,084$72,576,978$36,579,628$300,941,018
99$690,690,559$75,927,020$37,598,815$329,247,031
100$760,928,269$79,434,717$38,645,649$360,344,073