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%16.9%
1 years$941,401$933,016$924,835$916,849$909,052$883,495
2 years$466,040$457,361$448,949$440,793$432,882$407,328
3 years$307,607$298,890$290,500$282,420$274,638$249,888
4 years$228,406$219,716$211,409$203,468$195,874$172,118
5 years$180,898$172,260$164,062$156,283$148,900$126,203
6 years$149,236$140,663$132,587$124,981$117,820$96,203
7 years$126,630$118,129$110,180$102,754$95,819$75,283
8 years$109,682$101,258$93,442$86,197$79,491$60,024
9 years$96,508$88,163$80,481$73,421$66,943$48,526
10 years$85,975$77,712$70,165$63,290$57,039$39,648
11 years$77,362$69,182$61,772$55,081$49,055$32,662
12 years$70,191$62,094$54,821$48,313$42,510$27,084
13 years$64,127$56,115$48,979$42,653$37,070$22,576
14 years$58,934$51,007$44,008$37,863$32,495$18,899
15 years$54,437$46,596$39,733$33,767$28,611$15,877
16 years$50,506$42,751$36,024$30,235$25,287$13,376
17 years$47,042$39,372$32,781$27,166$22,421$11,296
18 years$43,965$36,381$29,924$24,482$19,936$9,558
19 years$41,216$33,718$27,394$22,121$17,769$8,101
20 years$38,745$31,332$25,141$20,035$15,872$6,876
21 years$36,512$29,185$23,125$18,183$14,203$5,843
22 years$34,485$27,243$21,313$16,533$12,731$4,970
23 years$32,637$25,480$19,679$15,057$11,428$4,231
24 years$30,945$23,873$18,200$13,733$10,272$3,605
25 years$29,391$22,404$16,857$12,541$9,243$3,073
26 years$27,959$21,056$15,634$11,467$8,326$2,621
27 years$26,635$19,816$14,517$10,496$7,507$2,236
28 years$25,408$18,672$13,496$9,617$6,773$1,909
29 years$24,268$17,615$12,559$8,819$6,116$1,630
30 years$23,205$16,636$11,698$8,093$5,526$1,392
31 years$22,214$15,726$10,906$7,433$4,996$1,189
32 years$21,286$14,880$10,175$6,831$4,520$1,016
33 years$20,416$14,092$9,501$6,282$4,090$868
34 years$19,599$13,356$8,877$5,780$3,703$742
35 years$18,830$12,668$8,299$5,321$3,354$634
36 years$18,106$12,024$7,764$4,900$3,039$542
37 years$17,422$11,420$7,267$4,515$2,754$464
38 years$16,776$10,853$6,805$4,162$2,497$397
39 years$16,165$10,320$6,376$3,837$2,264$339
40 years$15,586$9,819$5,976$3,539$2,054$290
41 years$15,036$9,346$5,603$3,265$1,863$248
42 years$14,514$8,901$5,256$3,014$1,691$212
43 years$14,017$8,481$4,932$2,782$1,535$181
44 years$13,545$8,084$4,630$2,569$1,393$155
45 years$13,095$7,709$4,347$2,372$1,264$133
46 years$12,665$7,354$4,083$2,191$1,148$113
47 years$12,255$7,018$3,836$2,024$1,043$97
48 years$11,863$6,700$3,605$1,871$947$83
49 years$11,489$6,398$3,388$1,729$860$71
50 years$11,130$6,111$3,185$1,598$781$61

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 $2,492 every year, while hoping to spend $51,363 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: 36/45/19 Blend
56$11,400,000$11,400,000$11,400,000$11,400,000
57$12,565,370$11,961,170$11,784,470$12,945,094
58$13,792,388$12,492,618$12,124,600$13,753,263
59$15,142,841$13,048,385$12,474,403$14,620,166
60$16,629,264$13,629,609$12,834,149$15,554,983
61$18,265,470$14,237,481$13,204,114$16,563,813
62$20,066,680$14,873,250$13,584,584$17,653,337
63$22,049,664$15,538,222$13,975,851$18,830,885
64$24,232,903$16,233,768$14,378,215$20,104,493
65$26,636,759$16,961,322$14,791,984$21,482,978
66$29,283,668$17,722,387$15,217,476$22,976,012
67$32,198,357$18,518,539$15,655,016$24,594,211
68$35,408,068$19,351,426$16,104,938$26,349,229
69$38,942,822$20,222,777$16,567,584$28,253,859
70$42,835,700$21,134,402$17,043,308$30,322,147
71$47,123,153$22,088,200$17,532,471$32,569,523
72$51,845,351$23,086,158$18,035,445$35,012,933
73$57,046,555$24,130,358$18,552,610$37,670,996
74$62,775,540$25,222,983$19,084,360$40,564,168
75$69,086,055$26,366,319$19,631,096$43,714,931
76$76,037,326$27,562,761$20,193,230$47,147,994
77$83,694,618$28,814,821$20,771,188$50,890,516
78$92,129,850$30,125,129$21,365,404$54,972,358
79$101,422,275$31,496,440$21,976,326$59,426,348
80$111,659,226$32,931,644$22,604,411$64,288,588
81$122,936,939$34,433,768$23,250,132$69,598,779
82$135,361,467$36,005,982$23,913,971$75,400,585
83$149,049,672$37,651,611$24,596,425$81,742,035
84$164,130,337$39,374,138$25,298,003$88,675,964
85$180,745,373$41,177,213$26,019,228$96,260,497
86$199,051,166$43,064,661$26,760,637$104,559,587
87$219,220,048$45,040,492$27,522,781$113,643,603
88$241,441,924$47,108,907$28,306,226$123,589,977
89$265,926,066$49,274,310$29,111,550$134,483,927
90$292,903,089$51,541,315$29,939,351$146,419,235
91$322,627,123$53,914,759$30,790,239$159,499,125
92$355,378,219$56,399,711$31,664,841$173,837,215
93$391,464,985$59,001,484$32,563,800$189,558,570
94$431,227,504$61,725,648$33,487,778$206,800,866
95$475,040,542$64,578,037$34,437,452$225,715,671
96$523,317,087$67,564,770$35,413,516$246,469,847
97$576,512,245$70,692,260$36,416,684$269,247,113
98$635,127,539$73,967,225$37,447,688$294,249,749
99$699,715,641$77,396,713$38,507,278$321,700,484
100$770,885,590$80,988,105$39,596,226$351,844,574