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%15.2%
1 years$933,143$924,831$916,722$908,807$901,078$881,803
2 years$461,952$453,349$445,011$436,926$429,085$409,760
3 years$304,909$296,268$287,951$279,943$272,229$253,457
4 years$226,403$217,789$209,555$201,683$194,156$176,081
5 years$179,311$170,749$162,623$154,912$147,594$130,268
6 years$147,927$139,429$131,424$123,884$116,786$100,227
7 years$125,519$117,093$109,214$101,852$94,979$79,190
8 years$108,720$100,370$92,622$85,441$78,794$63,770
9 years$95,662$87,390$79,775$72,777$66,356$52,086
10 years$85,221$77,030$69,550$62,734$56,538$43,008
11 years$76,684$68,575$61,231$54,598$48,625$35,817
12 years$69,575$61,550$54,341$47,890$42,137$30,032
13 years$63,564$55,623$48,550$42,279$36,745$25,321
14 years$58,417$50,560$43,622$37,531$32,210$21,446
15 years$53,959$46,187$39,385$33,471$28,360$18,231
16 years$50,063$42,376$35,708$29,970$25,065$15,547
17 years$46,629$39,027$32,493$26,927$22,224$13,292
18 years$43,580$36,062$29,662$24,267$19,761$11,389
19 years$40,855$33,422$27,154$21,927$17,613$9,777
20 years$38,405$31,057$24,921$19,859$15,732$8,406
21 years$36,192$28,929$22,922$18,024$14,079$7,237
22 years$34,182$27,004$21,126$16,388$12,620$6,238
23 years$32,350$25,256$19,506$14,925$11,328$5,382
24 years$30,673$23,664$18,040$13,612$10,182$4,647
25 years$29,133$22,207$16,709$12,431$9,162$4,015
26 years$27,714$20,871$15,497$11,367$8,253$3,472
27 years$26,402$19,642$14,390$10,404$7,441$3,003
28 years$25,185$18,509$13,377$9,532$6,714$2,599
29 years$24,055$17,461$12,449$8,741$6,063$2,251
30 years$23,002$16,490$11,596$8,022$5,478$1,949
31 years$22,019$15,588$10,810$7,368$4,953$1,689
32 years$21,099$14,750$10,086$6,771$4,480$1,464
33 years$20,237$13,968$9,417$6,227$4,054$1,269
34 years$19,427$13,239$8,799$5,729$3,671$1,100
35 years$18,665$12,557$8,227$5,274$3,325$954
36 years$17,947$11,918$7,696$4,857$3,012$827
37 years$17,269$11,320$7,203$4,475$2,730$717
38 years$16,629$10,758$6,745$4,125$2,475$622
39 years$16,023$10,229$6,320$3,803$2,245$540
40 years$15,449$9,732$5,923$3,508$2,036$468
41 years$14,904$9,264$5,554$3,237$1,847$406
42 years$14,387$8,823$5,210$2,987$1,676$353
43 years$13,894$8,407$4,889$2,757$1,521$306
44 years$13,426$8,013$4,589$2,546$1,381$266
45 years$12,980$7,641$4,309$2,351$1,253$230
46 years$12,554$7,290$4,047$2,172$1,138$200
47 years$12,148$6,956$3,802$2,007$1,033$174
48 years$11,759$6,641$3,573$1,854$938$151
49 years$11,388$6,342$3,358$1,714$852$131
50 years$11,033$6,058$3,157$1,584$774$113

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 $3,472 every year, while hoping to spend $33,485 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: 70/23/7 Blend
56$11,300,000$11,300,000$11,300,000$11,300,000
57$12,456,181$11,857,281$11,682,131$13,314,344
58$13,691,084$12,402,660$12,037,855$14,427,600
59$15,050,825$12,973,641$12,404,373$15,640,875
60$16,548,101$13,571,441$12,782,012$16,967,524
61$18,196,906$14,197,340$13,171,108$18,418,673
62$20,012,656$14,852,676$13,572,006$20,006,564
63$22,012,343$15,538,854$13,985,064$21,744,667
64$24,214,688$16,257,343$14,410,650$23,647,806
65$26,640,320$17,009,686$14,849,140$25,732,294
66$29,311,972$17,797,500$15,300,925$28,016,085
67$32,254,694$18,622,479$15,766,407$30,518,941
68$35,496,090$19,486,398$16,245,999$33,262,614
69$39,066,578$20,391,118$16,740,127$36,271,048
70$42,999,678$21,338,591$17,249,230$39,570,603
71$47,332,325$22,330,863$17,773,760$43,190,298
72$52,105,223$23,370,075$18,314,181$47,162,082
73$57,363,223$24,458,477$18,870,974$51,521,131
74$63,155,753$25,598,424$19,444,633$56,306,177
75$69,537,278$26,792,384$20,035,666$61,559,866
76$76,567,816$28,042,947$20,644,597$67,329,162
77$84,313,509$29,352,827$21,271,966$73,665,777
78$92,847,238$30,724,867$21,918,329$80,626,662
79$102,249,322$32,162,051$22,584,258$88,274,532
80$112,608,265$33,667,504$23,270,343$96,678,460
81$124,021,600$35,244,503$23,977,192$105,914,515
82$136,596,805$36,896,486$24,705,429$116,066,481
83$150,452,319$38,627,053$25,455,701$127,226,638
84$165,718,658$40,439,981$26,228,669$139,496,624
85$182,539,650$42,339,230$27,025,019$152,988,395
86$201,073,791$44,328,948$27,845,453$167,825,265
87$221,495,739$46,413,488$28,690,697$184,143,069
88$243,997,968$48,597,412$29,561,499$202,091,436
89$268,792,578$50,885,503$30,458,626$221,835,191
90$296,113,303$53,282,774$31,382,872$243,555,902
91$326,217,714$55,794,485$32,335,053$267,453,588
92$359,389,652$58,426,146$33,316,009$293,748,595
93$395,941,907$61,183,537$34,326,605$322,683,665
94$436,219,168$64,072,717$35,367,733$354,526,220
95$480,601,282$67,100,039$36,440,311$389,570,872
96$529,506,837$70,272,165$37,545,285$428,142,196
97$583,397,111$73,596,078$38,683,629$470,597,777
98$642,780,431$77,079,101$39,856,346$517,331,579
99$708,216,970$80,728,911$41,064,468$568,777,646
100$780,324,033$84,553,560$42,309,060$625,414,188