Can I retire at age 57 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$941,401$933,016$924,835$916,849$909,052$892,890
2 years$466,040$457,361$448,949$440,793$432,882$416,654
3 years$307,607$298,890$290,500$282,420$274,638$258,850
4 years$228,406$219,716$211,409$203,468$195,874$180,648
5 years$180,898$172,260$164,062$156,283$148,900$134,279
6 years$149,236$140,663$132,587$124,981$117,820$103,819
7 years$126,630$118,129$110,180$102,754$95,819$82,444
8 years$109,682$101,258$93,442$86,197$79,491$66,738
9 years$96,508$88,163$80,481$73,421$66,943$54,805
10 years$85,975$77,712$70,165$63,290$57,039$45,505
11 years$77,362$69,182$61,772$55,081$49,055$38,112
12 years$70,191$62,094$54,821$48,313$42,510$32,144
13 years$64,127$56,115$48,979$42,653$37,070$27,264
14 years$58,934$51,007$44,008$37,863$32,495$23,232
15 years$54,437$46,596$39,733$33,767$28,611$19,873
16 years$50,506$42,751$36,024$30,235$25,287$17,055
17 years$47,042$39,372$32,781$27,166$22,421$14,676
18 years$43,965$36,381$29,924$24,482$19,936$12,658
19 years$41,216$33,718$27,394$22,121$17,769$10,938
20 years$38,745$31,332$25,141$20,035$15,872$9,468
21 years$36,512$29,185$23,125$18,183$14,203$8,208
22 years$34,485$27,243$21,313$16,533$12,731$7,124
23 years$32,637$25,480$19,679$15,057$11,428$6,189
24 years$30,945$23,873$18,200$13,733$10,272$5,382
25 years$29,391$22,404$16,857$12,541$9,243$4,684
26 years$27,959$21,056$15,634$11,467$8,326$4,079
27 years$26,635$19,816$14,517$10,496$7,507$3,555
28 years$25,408$18,672$13,496$9,617$6,773$3,099
29 years$24,268$17,615$12,559$8,819$6,116$2,703
30 years$23,205$16,636$11,698$8,093$5,526$2,359
31 years$22,214$15,726$10,906$7,433$4,996$2,059
32 years$21,286$14,880$10,175$6,831$4,520$1,798
33 years$20,416$14,092$9,501$6,282$4,090$1,570
34 years$19,599$13,356$8,877$5,780$3,703$1,372
35 years$18,830$12,668$8,299$5,321$3,354$1,198
36 years$18,106$12,024$7,764$4,900$3,039$1,047
37 years$17,422$11,420$7,267$4,515$2,754$915
38 years$16,776$10,853$6,805$4,162$2,497$800
39 years$16,165$10,320$6,376$3,837$2,264$699
40 years$15,586$9,819$5,976$3,539$2,054$611
41 years$15,036$9,346$5,603$3,265$1,863$535
42 years$14,514$8,901$5,256$3,014$1,691$467
43 years$14,017$8,481$4,932$2,782$1,535$409
44 years$13,545$8,084$4,630$2,569$1,393$358
45 years$13,095$7,709$4,347$2,372$1,264$313
46 years$12,665$7,354$4,083$2,191$1,148$273
47 years$12,255$7,018$3,836$2,024$1,043$239
48 years$11,863$6,700$3,605$1,871$947$209
49 years$11,489$6,398$3,388$1,729$860$183
50 years$11,130$6,111$3,185$1,598$781$160

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,400,000, adding $2,094 every year, while hoping to spend $51,840 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: 64/10/26 Blend
56$11,400,000$11,400,000$11,400,000$11,400,000
57$12,564,960$11,960,760$11,784,060$13,282,823
58$13,791,429$12,491,680$12,123,669$14,299,298
59$15,141,259$13,046,877$12,472,917$15,403,531
60$16,626,981$13,627,487$12,832,072$16,608,936
61$18,262,397$14,234,699$13,201,411$17,925,450
62$20,062,719$14,869,756$13,581,216$19,364,007
63$22,044,707$15,533,965$13,971,777$20,936,642
64$24,226,829$16,228,691$14,373,393$22,656,603
65$26,629,434$16,955,365$14,786,371$24,538,477
66$29,274,947$17,715,489$15,211,024$26,598,320
67$32,188,075$18,510,631$15,647,677$28,853,810
68$35,396,045$19,342,438$16,096,661$31,324,412
69$38,928,859$20,212,635$16,558,316$34,031,557
70$42,819,576$21,123,028$17,032,993$36,998,845
71$47,104,625$22,075,508$17,521,051$40,252,265
72$51,824,149$23,072,061$18,022,859$43,820,435
73$57,022,383$24,114,762$18,538,795$47,734,873
74$62,748,069$25,205,789$19,069,248$52,030,290
75$69,054,922$26,347,422$19,614,617$56,744,916
76$76,002,130$27,542,052$20,175,313$61,920,856
77$83,654,917$28,792,182$20,751,756$67,604,488
78$92,085,156$30,100,437$21,344,377$73,846,893
79$101,372,049$31,469,565$21,953,621$80,704,340
80$111,602,872$32,902,448$22,579,942$88,238,806
81$122,873,802$34,402,105$23,223,807$96,518,565
82$135,290,821$35,971,699$23,885,695$105,618,827
83$148,970,719$37,614,546$24,566,100$115,622,440
84$164,042,193$39,334,120$25,265,525$126,620,673
85$180,647,067$41,134,062$25,984,490$138,714,072
86$198,941,623$43,018,187$26,723,526$152,013,404
87$219,098,084$44,990,493$27,483,179$166,640,701
88$241,306,233$47,055,171$28,264,010$182,730,403
89$265,775,207$49,216,614$29,066,593$200,430,626
90$292,735,473$51,479,422$29,891,519$219,904,555
91$322,440,998$53,848,421$30,739,392$241,331,978
92$355,171,652$56,328,666$31,610,834$264,910,978
93$391,235,846$58,925,455$32,506,481$290,859,798
94$430,973,442$61,644,343$33,426,989$319,418,897
95$474,758,967$64,491,150$34,373,027$350,853,211
96$523,005,142$67,471,976$35,345,283$385,454,648
97$576,166,781$70,593,217$36,344,465$423,544,843
98$634,745,083$73,861,575$37,371,295$465,478,177
99$699,292,365$77,284,075$38,426,516$511,645,126
100$770,417,272$80,868,081$39,510,891$562,475,935