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%11.7%
1 years$941,401$933,016$924,835$916,849$909,052$902,567
2 years$466,040$457,361$448,949$440,793$432,882$426,342
3 years$307,607$298,890$290,500$282,420$274,638$268,247
4 years$228,406$219,716$211,409$203,468$195,874$189,680
5 years$180,898$172,260$164,062$156,283$148,900$142,922
6 years$149,236$140,663$132,587$124,981$117,820$112,065
7 years$126,630$118,129$110,180$102,754$95,819$90,290
8 years$109,682$101,258$93,442$86,197$79,491$74,189
9 years$96,508$88,163$80,481$73,421$66,943$61,865
10 years$85,975$77,712$70,165$63,290$57,039$52,183
11 years$77,362$69,182$61,772$55,081$49,055$44,418
12 years$70,191$62,094$54,821$48,313$42,510$38,087
13 years$64,127$56,115$48,979$42,653$37,070$32,857
14 years$58,934$51,007$44,008$37,863$32,495$28,487
15 years$54,437$46,596$39,733$33,767$28,611$24,802
16 years$50,506$42,751$36,024$30,235$25,287$21,671
17 years$47,042$39,372$32,781$27,166$22,421$18,993
18 years$43,965$36,381$29,924$24,482$19,936$16,689
19 years$41,216$33,718$27,394$22,121$17,769$14,698
20 years$38,745$31,332$25,141$20,035$15,872$12,969
21 years$36,512$29,185$23,125$18,183$14,203$11,463
22 years$34,485$27,243$21,313$16,533$12,731$10,147
23 years$32,637$25,480$19,679$15,057$11,428$8,994
24 years$30,945$23,873$18,200$13,733$10,272$7,980
25 years$29,391$22,404$16,857$12,541$9,243$7,088
26 years$27,959$21,056$15,634$11,467$8,326$6,302
27 years$26,635$19,816$14,517$10,496$7,507$5,607
28 years$25,408$18,672$13,496$9,617$6,773$4,992
29 years$24,268$17,615$12,559$8,819$6,116$4,447
30 years$23,205$16,636$11,698$8,093$5,526$3,963
31 years$22,214$15,726$10,906$7,433$4,996$3,534
32 years$21,286$14,880$10,175$6,831$4,520$3,153
33 years$20,416$14,092$9,501$6,282$4,090$2,814
34 years$19,599$13,356$8,877$5,780$3,703$2,512
35 years$18,830$12,668$8,299$5,321$3,354$2,244
36 years$18,106$12,024$7,764$4,900$3,039$2,004
37 years$17,422$11,420$7,267$4,515$2,754$1,791
38 years$16,776$10,853$6,805$4,162$2,497$1,600
39 years$16,165$10,320$6,376$3,837$2,264$1,430
40 years$15,586$9,819$5,976$3,539$2,054$1,279
41 years$15,036$9,346$5,603$3,265$1,863$1,143
42 years$14,514$8,901$5,256$3,014$1,691$1,022
43 years$14,017$8,481$4,932$2,782$1,535$914
44 years$13,545$8,084$4,630$2,569$1,393$818
45 years$13,095$7,709$4,347$2,372$1,264$732
46 years$12,665$7,354$4,083$2,191$1,148$654
47 years$12,255$7,018$3,836$2,024$1,043$586
48 years$11,863$6,700$3,605$1,871$947$524
49 years$11,489$6,398$3,388$1,729$860$469
50 years$11,130$6,111$3,185$1,598$781$419

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 $3,050 every year, while hoping to spend $58,137 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: 54/26/20 Blend
56$11,400,000$11,400,000$11,400,000$11,400,000
57$12,565,946$11,961,746$11,785,046$13,175,924
58$13,785,815$12,486,014$12,117,988$14,118,496
59$15,128,163$13,034,023$12,460,135$15,137,631
60$16,605,419$13,606,875$12,811,733$16,245,782
61$18,231,283$14,205,723$13,173,038$17,451,467
62$20,020,847$14,831,776$13,544,307$18,764,051
63$21,990,740$15,486,299$13,925,808$20,193,830
64$24,159,287$16,170,619$14,317,814$21,752,128
65$26,546,678$16,886,124$14,720,605$23,451,395
66$29,175,163$17,634,268$15,134,469$25,305,329
67$32,069,256$18,416,573$15,559,700$27,328,993
68$35,255,970$19,234,635$15,996,600$29,538,960
69$38,765,073$20,090,126$16,445,479$31,953,465
70$42,629,363$20,984,795$16,906,655$34,592,568
71$46,884,983$21,920,475$17,380,454$37,478,345
72$51,571,761$22,899,088$17,867,209$40,635,089
73$56,733,582$23,922,645$18,367,262$44,089,535
74$62,418,806$24,993,253$18,880,964$47,871,110
75$68,680,723$26,113,121$19,408,674$52,012,200
76$75,578,054$27,284,561$19,950,762$56,548,458
77$83,175,507$28,509,996$20,507,604$61,519,128
78$91,544,388$29,791,965$21,079,589$66,967,417
79$100,763,272$31,133,128$21,667,111$72,940,890
80$110,918,745$32,536,270$22,270,578$79,491,917
81$122,106,221$34,004,311$22,890,406$86,678,160
82$134,430,843$35,540,310$23,527,023$94,563,109
83$148,008,474$37,147,471$24,180,864$103,216,678
84$162,966,794$38,829,152$24,852,378$112,715,853
85$179,446,497$40,588,871$25,542,023$123,145,416
86$197,602,629$42,430,315$26,250,270$134,598,732
87$217,606,043$44,357,346$26,977,599$147,178,627
88$239,645,015$46,374,012$27,724,505$160,998,347
89$263,927,022$48,484,554$28,491,491$176,182,617
90$290,680,698$50,693,416$29,279,075$192,868,813
91$320,157,991$53,005,256$30,087,787$211,208,244
92$352,636,546$55,424,953$30,918,168$231,367,575
93$388,422,321$57,957,623$31,770,773$253,530,384
94$427,852,475$60,608,624$32,646,172$277,898,889
95$471,298,554$63,383,573$33,544,945$304,695,842
96$519,169,995$66,288,357$34,467,689$334,166,618
97$571,917,990$69,329,142$35,415,012$366,581,522
98$630,039,750$72,512,395$36,387,540$402,238,328
99$694,083,193$75,844,890$37,385,911$441,465,069
100$764,652,117$79,333,728$38,410,777$484,623,128