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%16.2%
1 years$949,659$941,200$932,947$924,892$917,026$893,769
2 years$470,128$461,373$452,887$444,660$436,679$413,399
3 years$310,306$301,512$293,048$284,898$277,047$254,472
4 years$230,410$221,643$213,264$205,253$197,592$175,896
5 years$182,485$173,771$165,501$157,654$150,207$129,449
6 years$150,546$141,897$133,750$126,077$118,853$99,056
7 years$127,741$119,165$111,147$103,655$96,660$77,823
8 years$110,645$102,146$94,261$86,953$80,188$62,305
9 years$97,355$88,937$81,187$74,065$67,530$50,584
10 years$86,729$78,393$70,781$63,845$57,539$41,510
11 years$78,041$69,789$62,314$55,564$49,486$34,350
12 years$70,806$62,639$55,302$48,737$42,883$28,615
13 years$64,689$56,607$49,409$43,028$37,395$23,965
14 years$59,451$51,454$44,394$38,195$32,780$20,159
15 years$54,914$47,005$40,082$34,063$28,862$17,018
16 years$50,949$43,126$36,340$30,500$25,509$14,409
17 years$47,454$39,717$33,068$27,404$22,618$12,231
18 years$44,351$36,701$30,187$24,697$20,111$10,403
19 years$41,578$34,014$27,635$22,315$17,925$8,864
20 years$39,085$31,607$25,362$20,211$16,011$7,564
21 years$36,832$29,441$23,328$18,343$14,328$6,462
22 years$34,787$27,482$21,500$16,678$12,843$5,527
23 years$32,923$25,703$19,852$15,189$11,529$4,731
24 years$31,216$24,082$18,359$13,853$10,362$4,053
25 years$29,649$22,600$17,005$12,651$9,324$3,474
26 years$28,204$21,240$15,771$11,568$8,399$2,980
27 years$26,869$19,990$14,645$10,588$7,572$2,557
28 years$25,631$18,836$13,614$9,701$6,833$2,195
29 years$24,481$17,770$12,669$8,896$6,170$1,885
30 years$23,409$16,782$11,801$8,164$5,575$1,620
31 years$22,408$15,864$11,002$7,498$5,040$1,392
32 years$21,472$15,011$10,265$6,891$4,559$1,196
33 years$20,595$14,215$9,584$6,337$4,126$1,028
34 years$19,771$13,473$8,955$5,831$3,736$884
35 years$18,995$12,779$8,372$5,367$3,384$760
36 years$18,265$12,129$7,832$4,943$3,066$654
37 years$17,575$11,520$7,331$4,555$2,779$562
38 years$16,923$10,948$6,865$4,198$2,519$483
39 years$16,307$10,410$6,432$3,871$2,284$416
40 years$15,722$9,905$6,028$3,570$2,072$358
41 years$15,168$9,428$5,653$3,294$1,880$308
42 years$14,641$8,979$5,302$3,040$1,706$265
43 years$14,140$8,555$4,976$2,806$1,548$228
44 years$13,664$8,155$4,670$2,591$1,405$196
45 years$13,209$7,777$4,385$2,393$1,276$169
46 years$12,776$7,419$4,119$2,210$1,158$145
47 years$12,363$7,080$3,870$2,042$1,052$125
48 years$11,967$6,758$3,636$1,887$955$107
49 years$11,590$6,454$3,418$1,744$867$92
50 years$11,228$6,165$3,213$1,612$788$80

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 $3,223 every year, while hoping to spend $46,230 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: 50/43/7 Blend
56$11,500,000$11,500,000$11,500,000$11,500,000
57$12,676,325$12,066,825$11,888,575$13,287,469
58$13,920,121$12,608,911$12,237,653$14,246,481
59$15,289,236$13,176,009$12,596,877$15,282,768
60$16,796,402$13,769,298$12,966,536$16,407,693
61$18,455,650$14,390,009$13,346,931$17,629,566
62$20,282,441$15,039,434$13,738,368$18,957,509
63$22,293,811$15,718,927$14,141,164$20,401,543
64$24,508,531$16,429,906$14,555,644$21,972,676
65$26,947,287$17,173,857$14,982,143$23,682,997
66$29,632,870$17,952,335$15,421,005$25,545,795
67$32,590,397$18,766,974$15,872,583$27,575,669
68$35,847,543$19,619,482$16,337,241$29,788,665
69$39,434,806$20,511,650$16,815,351$32,202,423
70$43,385,790$21,445,354$17,307,299$34,836,333
71$47,737,526$22,422,562$17,813,479$37,711,716
72$52,530,820$23,445,334$18,334,298$40,852,014
73$57,810,639$24,515,831$18,870,172$44,283,009
74$63,626,532$25,636,314$19,421,530$48,033,054
75$70,033,101$26,809,156$19,988,814$52,133,337
76$77,090,515$28,036,842$20,572,477$56,618,165
77$84,865,077$29,321,978$21,172,985$61,525,280
78$93,429,852$30,667,291$21,790,816$66,896,206
79$102,865,352$32,075,644$22,426,464$72,776,633
80$113,260,302$33,550,034$23,080,435$79,216,836
81$124,712,471$35,093,604$23,753,248$86,272,142
82$137,329,599$36,709,647$24,445,438$94,003,440
83$151,230,413$38,401,614$25,157,554$102,477,745
84$166,545,745$40,173,124$25,890,163$111,768,819
85$183,419,771$42,027,967$26,643,843$121,957,854
86$202,011,368$43,970,117$27,419,192$133,134,229
87$222,495,615$46,003,741$28,216,823$145,396,335
88$245,065,447$48,133,203$29,037,365$158,852,495
89$269,933,473$50,363,081$29,881,467$173,621,967
90$297,333,985$52,698,169$30,749,794$189,836,058
91$327,525,169$55,143,497$31,643,030$207,639,347
92$360,791,543$57,704,335$32,561,878$227,191,030
93$397,446,639$60,386,206$33,507,059$248,666,410
94$437,835,966$63,194,900$34,479,316$272,258,527
95$482,340,273$66,136,489$35,479,412$298,179,966
96$531,379,138$69,217,334$36,508,129$326,664,843
97$585,414,933$72,444,105$37,566,274$357,970,992
98$644,957,184$75,823,795$38,654,672$392,382,376
99$710,567,388$79,363,732$39,774,175$430,211,747
100$782,864,307$83,071,600$40,925,655$471,803,572