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%12.1%
1 years$933,143$924,831$916,722$908,807$901,078$893,155
2 years$461,952$453,349$445,011$436,926$429,085$421,101
3 years$304,909$296,268$287,951$279,943$272,229$264,432
4 years$226,403$217,789$209,555$201,683$194,156$186,605
5 years$179,311$170,749$162,623$154,912$147,594$140,312
6 years$147,927$139,429$131,424$123,884$116,786$109,782
7 years$125,519$117,093$109,214$101,852$94,979$88,255
8 years$108,720$100,370$92,622$85,441$78,794$72,352
9 years$95,662$87,390$79,775$72,777$66,356$60,192
10 years$85,221$77,030$69,550$62,734$56,538$50,650
11 years$76,684$68,575$61,231$54,598$48,625$43,007
12 years$69,575$61,550$54,341$47,890$42,137$36,785
13 years$63,564$55,623$48,550$42,279$36,745$31,652
14 years$58,417$50,560$43,622$37,531$32,210$27,370
15 years$53,959$46,187$39,385$33,471$28,360$23,766
16 years$50,063$42,376$35,708$29,970$25,065$20,709
17 years$46,629$39,027$32,493$26,927$22,224$18,099
18 years$43,580$36,062$29,662$24,267$19,761$15,859
19 years$40,855$33,422$27,154$21,927$17,613$13,927
20 years$38,405$31,057$24,921$19,859$15,732$12,253
21 years$36,192$28,929$22,922$18,024$14,079$10,798
22 years$34,182$27,004$21,126$16,388$12,620$9,530
23 years$32,350$25,256$19,506$14,925$11,328$8,421
24 years$30,673$23,664$18,040$13,612$10,182$7,450
25 years$29,133$22,207$16,709$12,431$9,162$6,596
26 years$27,714$20,871$15,497$11,367$8,253$5,846
27 years$26,402$19,642$14,390$10,404$7,441$5,185
28 years$25,185$18,509$13,377$9,532$6,714$4,601
29 years$24,055$17,461$12,449$8,741$6,063$4,086
30 years$23,002$16,490$11,596$8,022$5,478$3,630
31 years$22,019$15,588$10,810$7,368$4,953$3,226
32 years$21,099$14,750$10,086$6,771$4,480$2,869
33 years$20,237$13,968$9,417$6,227$4,054$2,552
34 years$19,427$13,239$8,799$5,729$3,671$2,271
35 years$18,665$12,557$8,227$5,274$3,325$2,021
36 years$17,947$11,918$7,696$4,857$3,012$1,799
37 years$17,269$11,320$7,203$4,475$2,730$1,602
38 years$16,629$10,758$6,745$4,125$2,475$1,427
39 years$16,023$10,229$6,320$3,803$2,245$1,271
40 years$15,449$9,732$5,923$3,508$2,036$1,132
41 years$14,904$9,264$5,554$3,237$1,847$1,009
42 years$14,387$8,823$5,210$2,987$1,676$899
43 years$13,894$8,407$4,889$2,757$1,521$801
44 years$13,426$8,013$4,589$2,546$1,381$714
45 years$12,980$7,641$4,309$2,351$1,253$637
46 years$12,554$7,290$4,047$2,172$1,138$568
47 years$12,148$6,956$3,802$2,007$1,033$506
48 years$11,759$6,641$3,573$1,854$938$451
49 years$11,388$6,342$3,358$1,714$852$402
50 years$11,033$6,058$3,157$1,584$774$359

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 $3,528 every year, while hoping to spend $54,952 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: 63/17/20 Blend
56$11,300,000$11,300,000$11,300,000$11,300,000
57$12,456,239$11,857,339$11,682,189$13,176,808
58$13,668,307$12,379,880$12,015,074$14,185,215
59$15,002,164$12,926,184$12,357,269$15,279,558
60$16,470,175$13,497,357$12,709,027$16,473,456
61$18,085,963$14,094,558$13,070,610$17,776,626
62$19,864,540$14,719,000$13,442,284$19,199,763
63$21,822,447$15,371,955$13,824,325$20,754,635
64$23,977,910$16,054,754$14,217,013$22,454,189
65$26,351,012$16,768,792$14,620,638$24,312,678
66$28,963,882$17,515,530$15,035,496$26,345,787
67$31,840,904$18,296,497$15,461,891$28,570,782
68$35,008,947$19,113,296$15,900,136$31,006,666
69$38,497,620$19,967,608$16,350,550$33,674,361
70$42,339,546$20,861,190$16,813,463$36,596,898
71$46,570,677$21,795,885$17,289,211$39,799,637
72$51,230,627$22,773,625$17,778,141$43,310,494
73$56,363,049$23,796,430$18,280,606$47,160,211
74$62,016,045$24,866,420$18,796,971$51,382,637
75$68,242,621$25,985,814$19,327,610$56,015,044
76$75,101,188$27,156,939$19,872,904$61,098,479
77$82,656,110$28,382,230$20,433,247$66,678,143
78$90,978,314$29,664,240$21,009,042$72,803,817
79$100,145,958$31,005,643$21,600,701$79,530,326
80$110,245,169$32,409,243$22,208,648$86,918,051
81$121,370,856$33,877,976$22,833,317$95,033,498
82$133,627,605$35,414,918$23,475,154$103,949,917
83$147,130,665$37,023,293$24,134,616$113,747,991
84$162,007,037$38,706,480$24,812,171$124,516,591
85$178,396,675$40,468,017$25,508,298$136,353,613
86$196,453,801$42,311,615$26,223,491$149,366,890
87$216,348,365$44,241,160$26,958,254$163,675,209
88$238,267,646$46,260,725$27,713,104$179,409,425
89$262,418,025$48,374,579$28,488,572$196,713,690
90$289,026,925$50,587,195$29,285,200$215,746,805
91$318,344,964$52,903,261$30,103,548$236,683,718
92$350,648,318$55,327,688$30,944,184$259,717,158
93$386,241,327$57,865,626$31,807,695$285,059,458
94$425,459,370$60,522,469$32,694,680$312,944,544
95$468,672,029$63,303,872$33,605,755$343,630,137
96$516,286,576$66,215,762$34,541,548$377,400,178
97$568,751,822$69,264,350$35,502,705$414,567,500
98$626,562,350$72,456,145$36,489,888$455,476,770
99$690,263,183$75,797,970$37,503,773$500,507,734
100$760,454,933$79,296,976$38,545,054$550,078,789