Can I retire at age 57 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$957,917$949,385$941,060$932,934$925,000$903,740
2 years$474,216$465,385$456,825$448,526$440,476$419,174
3 years$313,004$304,134$295,596$287,375$279,456$258,778
4 years$232,413$223,571$215,118$207,038$199,311$179,415
5 years$184,072$175,282$166,941$159,025$151,513$132,456
6 years$151,855$143,131$134,913$127,173$119,887$101,689
7 years$128,851$120,201$112,113$104,556$97,500$80,163
8 years$111,607$103,035$95,081$87,710$80,886$64,404
9 years$98,201$89,710$81,893$74,709$68,118$52,477
10 years$87,483$79,075$71,396$64,400$58,040$43,225
11 years$78,720$70,396$62,856$56,047$49,916$35,906
12 years$71,422$63,184$55,783$49,161$43,256$30,028
13 years$65,252$57,100$49,839$43,402$37,720$25,250
14 years$59,968$51,902$44,780$38,527$33,065$21,327
15 years$55,392$47,413$40,431$34,360$29,113$18,080
16 years$51,392$43,501$36,656$30,765$25,730$15,374
17 years$47,867$40,063$33,356$27,642$22,814$13,107
18 years$44,737$37,020$30,449$24,911$20,285$11,197
19 years$41,939$34,309$27,875$22,509$18,081$9,584
20 years$39,425$31,882$25,582$20,387$16,150$8,215
21 years$37,153$29,697$23,531$18,502$14,453$7,051
22 years$35,090$27,721$21,687$16,823$12,955$6,059
23 years$33,209$25,927$20,024$15,321$11,629$5,211
24 years$31,488$24,292$18,519$13,973$10,452$4,485
25 years$29,907$22,797$17,152$12,761$9,405$3,863
26 years$28,449$21,425$15,908$11,668$8,472$3,330
27 years$27,102$20,164$14,772$10,680$7,638$2,871
28 years$25,854$19,000$13,732$9,785$6,892$2,477
29 years$24,694$17,924$12,779$8,973$6,223$2,138
30 years$23,613$16,928$11,903$8,235$5,623$1,845
31 years$22,603$16,002$11,097$7,564$5,084$1,594
32 years$21,659$15,141$10,354$6,951$4,599$1,376
33 years$20,774$14,339$9,667$6,392$4,162$1,189
34 years$19,943$13,590$9,033$5,881$3,768$1,027
35 years$19,160$12,890$8,445$5,414$3,413$888
36 years$18,423$12,235$7,900$4,986$3,092$767
37 years$17,728$11,620$7,394$4,594$2,803$663
38 years$17,071$11,043$6,924$4,235$2,541$574
39 years$16,449$10,501$6,487$3,904$2,304$496
40 years$15,859$9,991$6,081$3,601$2,090$429
41 years$15,300$9,510$5,702$3,323$1,896$371
42 years$14,768$9,057$5,348$3,066$1,720$321
43 years$14,263$8,630$5,019$2,831$1,561$277
44 years$13,782$8,226$4,711$2,614$1,417$240
45 years$13,324$7,844$4,423$2,414$1,287$207
46 years$12,887$7,483$4,155$2,230$1,168$179
47 years$12,470$7,141$3,903$2,060$1,061$155
48 years$12,072$6,817$3,668$1,903$963$134
49 years$11,690$6,510$3,448$1,759$875$116
50 years$11,326$6,219$3,241$1,626$795$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,600,000, adding $2,417 every year, while hoping to spend $34,682 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: 38/33/29 Blend
56$11,600,000$11,600,000$11,600,000$11,600,000
57$12,785,693$12,170,893$11,991,093$13,161,084
58$14,052,932$12,730,366$12,355,893$13,997,309
59$15,448,268$13,316,090$12,731,752$14,897,105
60$16,984,728$13,929,315$13,119,003$15,868,936
61$18,676,671$14,571,352$13,517,990$16,919,370
62$20,539,916$15,243,573$13,929,067$18,055,614
63$22,591,896$15,947,417$14,352,600$19,285,575
64$24,851,821$16,684,392$14,788,963$20,617,932
65$27,340,858$17,456,078$15,238,545$22,062,213
66$30,082,333$18,264,133$15,701,743$23,628,878
67$33,101,948$19,110,293$16,178,969$25,329,415
68$36,428,028$19,996,378$16,670,645$27,176,442
69$40,091,782$20,924,296$17,177,207$29,183,820
70$44,127,604$21,896,047$17,699,104$31,366,778
71$48,573,394$22,913,728$18,236,798$33,742,052
72$53,470,915$23,979,535$18,790,766$36,328,033
73$58,866,188$25,095,772$19,361,496$39,144,938
74$64,809,929$26,264,854$19,949,496$42,214,992
75$71,358,021$27,489,312$20,555,284$45,562,629
76$78,572,050$28,771,799$21,179,396$49,214,717
77$86,519,878$30,115,096$21,822,385$53,200,803
78$95,276,290$31,522,119$22,484,819$57,553,384
79$104,923,693$32,995,926$23,167,283$62,308,203
80$115,552,903$34,539,719$23,870,379$67,504,578
81$127,263,992$36,156,858$24,594,730$73,185,767
82$140,167,240$37,850,865$25,340,974$79,399,359
83$154,384,173$39,625,431$26,109,771$86,197,722
84$170,048,708$41,484,428$26,901,799$93,638,477
85$187,308,423$43,431,911$27,717,755$101,785,038
86$206,325,943$45,472,136$28,558,361$110,707,195
87$227,280,481$47,609,562$29,424,357$120,481,761
88$250,369,523$49,848,864$30,316,507$131,193,283
89$275,810,701$52,194,944$31,235,596$142,934,829
90$303,843,839$54,652,943$32,182,435$155,808,849
91$334,733,220$57,228,247$33,157,857$169,928,131
92$368,770,084$59,926,507$34,162,720$185,416,847
93$406,275,372$62,753,644$35,197,910$202,411,709
94$447,602,757$65,715,870$36,264,338$221,063,245
95$493,141,985$68,819,695$37,362,940$241,537,200
96$543,322,552$72,071,945$38,494,683$264,016,083
97$598,617,760$75,479,778$39,660,563$288,700,870
98$659,549,183$79,050,698$40,861,603$315,812,880
99$726,691,592$82,792,575$42,098,859$345,595,844
100$800,678,382$86,713,658$43,373,418$378,318,186