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

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$949,659$941,200$932,947$924,892$917,026$901,463
2 years$470,128$461,373$452,887$444,660$436,679$421,048
3 years$310,306$301,512$293,048$284,898$277,047$261,834
4 years$230,410$221,643$213,264$205,253$197,592$182,915
5 years$182,485$173,771$165,501$157,654$150,207$136,106
6 years$150,546$141,897$133,750$126,077$118,853$105,347
7 years$127,741$119,165$111,147$103,655$96,660$83,751
8 years$110,645$102,146$94,261$86,953$80,188$67,875
9 years$97,355$88,937$81,187$74,065$67,530$55,804
10 years$86,729$78,393$70,781$63,845$57,539$46,391
11 years$78,041$69,789$62,314$55,564$49,486$38,904
12 years$70,806$62,639$55,302$48,737$42,883$32,854
13 years$64,689$56,607$49,409$43,028$37,395$27,902
14 years$59,451$51,454$44,394$38,195$32,780$23,809
15 years$54,914$47,005$40,082$34,063$28,862$20,394
16 years$50,949$43,126$36,340$30,500$25,509$17,527
17 years$47,454$39,717$33,068$27,404$22,618$15,103
18 years$44,351$36,701$30,187$24,697$20,111$13,045
19 years$41,578$34,014$27,635$22,315$17,925$11,290
20 years$39,085$31,607$25,362$20,211$16,011$9,787
21 years$36,832$29,441$23,328$18,343$14,328$8,497
22 years$34,787$27,482$21,500$16,678$12,843$7,386
23 years$32,923$25,703$19,852$15,189$11,529$6,427
24 years$31,216$24,082$18,359$13,853$10,362$5,598
25 years$29,649$22,600$17,005$12,651$9,324$4,880
26 years$28,204$21,240$15,771$11,568$8,399$4,256
27 years$26,869$19,990$14,645$10,588$7,572$3,715
28 years$25,631$18,836$13,614$9,701$6,833$3,244
29 years$24,481$17,770$12,669$8,896$6,170$2,834
30 years$23,409$16,782$11,801$8,164$5,575$2,477
31 years$22,408$15,864$11,002$7,498$5,040$2,166
32 years$21,472$15,011$10,265$6,891$4,559$1,894
33 years$20,595$14,215$9,584$6,337$4,126$1,657
34 years$19,771$13,473$8,955$5,831$3,736$1,450
35 years$18,995$12,779$8,372$5,367$3,384$1,269
36 years$18,265$12,129$7,832$4,943$3,066$1,111
37 years$17,575$11,520$7,331$4,555$2,779$973
38 years$16,923$10,948$6,865$4,198$2,519$852
39 years$16,307$10,410$6,432$3,871$2,284$746
40 years$15,722$9,905$6,028$3,570$2,072$653
41 years$15,168$9,428$5,653$3,294$1,880$572
42 years$14,641$8,979$5,302$3,040$1,706$501
43 years$14,140$8,555$4,976$2,806$1,548$439
44 years$13,664$8,155$4,670$2,591$1,405$385
45 years$13,209$7,777$4,385$2,393$1,276$337
46 years$12,776$7,419$4,119$2,210$1,158$295
47 years$12,363$7,080$3,870$2,042$1,052$259
48 years$11,967$6,758$3,636$1,887$955$227
49 years$11,590$6,454$3,418$1,744$867$199
50 years$11,228$6,165$3,213$1,612$788$174

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 $3,268 every year, while hoping to spend $36,148 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: 49/28/23 Blend
56$11,500,000$11,500,000$11,500,000$11,500,000
57$12,676,371$12,066,871$11,888,621$13,215,012
58$13,930,900$12,619,686$12,248,429$14,143,320
59$15,312,179$13,198,378$12,619,078$15,147,349
60$16,833,098$13,804,176$13,000,895$16,237,399
61$18,507,863$14,438,370$13,394,213$17,421,599
62$20,352,124$15,102,309$13,799,378$18,708,880
63$22,383,128$15,797,409$14,216,745$20,109,055
64$24,619,879$16,525,155$14,646,678$21,632,908
65$27,083,320$17,287,101$15,089,555$23,292,294
66$29,796,527$18,084,876$15,545,764$25,100,244
67$32,784,928$18,920,191$16,015,702$27,071,087
68$36,076,545$19,794,834$16,499,782$29,220,577
69$39,702,254$20,710,682$16,998,426$31,566,038
70$43,696,081$21,669,703$17,512,071$34,126,526
71$48,095,521$22,673,958$18,041,165$36,923,000
72$52,941,891$23,725,609$18,586,170$39,978,513
73$58,280,720$24,826,920$19,147,563$43,318,431
74$64,162,181$25,980,266$19,725,834$46,970,658
75$70,641,560$27,188,137$20,321,487$50,965,901
76$77,779,784$28,453,140$20,935,041$55,337,947
77$85,643,989$29,778,011$21,567,032$60,123,981
78$94,308,159$31,165,617$22,218,011$65,364,924
79$103,853,822$32,618,963$22,888,545$71,105,818
80$114,370,819$34,141,199$23,579,218$77,396,239
81$125,958,152$35,735,627$24,290,632$84,290,761
82$138,724,921$37,405,710$25,023,405$91,849,458
83$152,791,350$39,155,077$25,778,176$100,138,467
84$168,289,925$40,987,532$26,555,602$109,230,602
85$185,366,640$42,907,064$27,356,357$119,206,029
86$204,182,381$44,917,854$28,181,139$130,153,017
87$224,914,441$47,024,286$29,030,664$142,168,758
88$247,758,192$49,230,955$29,905,670$155,360,276
89$272,928,935$51,542,678$30,806,917$169,845,423
90$300,663,924$53,964,508$31,735,187$185,753,982
91$331,224,614$56,501,738$32,691,285$203,228,882
92$364,899,122$59,159,921$33,676,041$222,427,527
93$402,004,953$61,944,878$34,690,309$243,523,276
94$442,891,992$64,862,710$35,734,967$266,707,061
95$487,945,808$67,919,816$36,810,922$292,189,178
96$537,591,297$71,122,903$37,919,104$320,201,252
97$592,296,688$74,479,004$39,060,473$350,998,414
98$652,577,968$77,995,494$40,236,017$384,861,686
99$719,003,751$81,680,103$41,446,753$422,100,620
100$792,200,642$85,540,936$42,693,728$463,056,202