Can I retire at age 57 with 11,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$949,659$941,200$932,947$924,892$917,026$883,085
2 years$470,128$461,373$452,887$444,660$436,679$402,867
3 years$310,306$301,512$293,048$284,898$277,047$244,428
4 years$230,410$221,643$213,264$205,253$197,592$166,415
5 years$182,485$173,771$165,501$157,654$150,207$120,551
6 years$150,546$141,897$133,750$126,077$118,853$90,742
7 years$127,741$119,165$111,147$103,655$96,660$70,084
8 years$110,645$102,146$94,261$86,953$80,188$55,125
9 years$97,355$88,937$81,187$74,065$67,530$43,945
10 years$86,729$78,393$70,781$63,845$57,539$35,389
11 years$78,041$69,789$62,314$55,564$49,486$28,723
12 years$70,806$62,639$55,302$48,737$42,883$23,456
13 years$64,689$56,607$49,409$43,028$37,395$19,249
14 years$59,451$51,454$44,394$38,195$32,780$15,859
15 years$54,914$47,005$40,082$34,063$28,862$13,107
16 years$50,949$43,126$36,340$30,500$25,509$10,860
17 years$47,454$39,717$33,068$27,404$22,618$9,018
18 years$44,351$36,701$30,187$24,697$20,111$7,501
19 years$41,578$34,014$27,635$22,315$17,925$6,248
20 years$39,085$31,607$25,362$20,211$16,011$5,211
21 years$36,832$29,441$23,328$18,343$14,328$4,350
22 years$34,787$27,482$21,500$16,678$12,843$3,634
23 years$32,923$25,703$19,852$15,189$11,529$3,039
24 years$31,216$24,082$18,359$13,853$10,362$2,542
25 years$29,649$22,600$17,005$12,651$9,324$2,127
26 years$28,204$21,240$15,771$11,568$8,399$1,781
27 years$26,869$19,990$14,645$10,588$7,572$1,492
28 years$25,631$18,836$13,614$9,701$6,833$1,250
29 years$24,481$17,770$12,669$8,896$6,170$1,047
30 years$23,409$16,782$11,801$8,164$5,575$878
31 years$22,408$15,864$11,002$7,498$5,040$736
32 years$21,472$15,011$10,265$6,891$4,559$617
33 years$20,595$14,215$9,584$6,337$4,126$517
34 years$19,771$13,473$8,955$5,831$3,736$434
35 years$18,995$12,779$8,372$5,367$3,384$364
36 years$18,265$12,129$7,832$4,943$3,066$305
37 years$17,575$11,520$7,331$4,555$2,779$256
38 years$16,923$10,948$6,865$4,198$2,519$214
39 years$16,307$10,410$6,432$3,871$2,284$180
40 years$15,722$9,905$6,028$3,570$2,072$151
41 years$15,168$9,428$5,653$3,294$1,880$127
42 years$14,641$8,979$5,302$3,040$1,706$106
43 years$14,140$8,555$4,976$2,806$1,548$89
44 years$13,664$8,155$4,670$2,591$1,405$75
45 years$13,209$7,777$4,385$2,393$1,276$63
46 years$12,776$7,419$4,119$2,210$1,158$53
47 years$12,363$7,080$3,870$2,042$1,052$44
48 years$11,967$6,758$3,636$1,887$955$37
49 years$11,590$6,454$3,418$1,744$867$31
50 years$11,228$6,165$3,213$1,612$788$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,500,000, adding $5,272 every year, while hoping to spend $20,632 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: 72/22/6 Blend
56$11,500,000$11,500,000$11,500,000$11,500,000
57$12,678,438$12,068,938$11,890,688$13,581,722
58$13,949,686$12,638,364$12,267,074$14,747,495
59$15,349,911$13,235,000$12,655,377$16,020,319
60$16,892,245$13,860,158$13,055,975$17,413,245
61$18,591,161$14,515,213$13,469,257$18,938,097
62$20,462,607$15,201,606$13,895,626$20,607,889
63$22,524,159$15,920,850$14,335,495$22,436,937
64$24,795,181$16,674,530$14,789,292$24,441,000
65$27,297,014$17,464,307$15,257,458$26,637,423
66$30,053,176$18,291,924$15,740,449$29,045,293
67$33,089,579$19,159,208$16,238,733$31,685,624
68$36,434,782$20,068,075$16,752,796$34,581,546
69$40,120,252$21,020,533$17,283,138$37,758,521
70$44,180,668$22,018,689$17,830,273$41,244,584
71$48,654,242$23,064,751$18,394,734$45,070,596
72$53,583,087$24,161,036$18,977,069$49,270,538
73$59,013,606$25,309,971$19,577,845$53,881,827
74$64,996,937$26,514,103$20,197,646$58,945,659
75$71,589,432$27,776,101$20,837,074$64,507,402
76$78,853,190$29,098,766$21,496,752$70,617,010
77$86,856,642$30,485,033$22,177,321$77,329,498
78$95,675,201$31,937,980$22,879,442$84,705,452
79$105,391,966$33,460,836$23,603,798$92,811,596
80$116,098,516$35,056,986$24,351,094$101,721,414
81$127,895,765$36,729,979$25,122,056$111,515,842
82$140,894,922$38,483,537$25,917,435$122,284,023
83$155,218,538$40,321,564$26,738,002$134,124,141
84$171,001,661$42,248,153$27,584,558$147,144,345
85$188,393,114$44,267,596$28,457,924$161,463,757
86$207,556,898$46,384,394$29,358,950$177,213,595
87$228,673,739$48,603,267$30,288,513$194,538,398
88$251,942,799$50,929,166$31,247,517$213,597,386
89$277,583,549$53,367,280$32,236,894$234,565,953
90$305,837,848$55,923,053$33,257,606$257,637,315
91$336,972,219$58,602,193$34,310,646$283,024,323
92$371,280,372$61,410,687$35,397,040$310,961,461
93$409,085,971$64,354,813$36,517,842$341,707,053
94$450,745,695$67,441,152$37,674,144$375,545,688
95$496,652,598$70,676,611$38,867,070$412,790,896
96$547,239,826$74,068,429$40,097,780$453,788,095
97$602,984,705$77,624,198$41,367,473$498,917,839
98$664,413,244$81,351,883$42,677,382$548,599,401
99$732,105,103$85,259,833$44,028,782$603,294,713
100$806,699,065$89,356,806$45,422,988$663,512,713