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%17.8%
1 years$957,917$949,385$941,060$932,934$925,000$895,749
2 years$474,216$465,385$456,825$448,526$440,476$411,271
3 years$313,004$304,134$295,596$287,375$279,456$251,214
4 years$232,413$223,571$215,118$207,038$199,311$172,247
5 years$184,072$175,282$166,941$159,025$151,513$125,701
6 years$151,855$143,131$134,913$127,173$119,887$95,348
7 years$128,851$120,201$112,113$104,556$97,500$74,233
8 years$111,607$103,035$95,081$87,710$80,886$58,874
9 years$98,201$89,710$81,893$74,709$68,118$47,337
10 years$87,483$79,075$71,396$64,400$58,040$38,459
11 years$78,720$70,396$62,856$56,047$49,916$31,500
12 years$71,422$63,184$55,783$49,161$43,256$25,965
13 years$65,252$57,100$49,839$43,402$37,720$21,512
14 years$59,968$51,902$44,780$38,527$33,065$17,897
15 years$55,392$47,413$40,431$34,360$29,113$14,939
16 years$51,392$43,501$36,656$30,765$25,730$12,505
17 years$47,867$40,063$33,356$27,642$22,814$10,491
18 years$44,737$37,020$30,449$24,911$20,285$8,818
19 years$41,939$34,309$27,875$22,509$18,081$7,424
20 years$39,425$31,882$25,582$20,387$16,150$6,258
21 years$37,153$29,697$23,531$18,502$14,453$5,281
22 years$35,090$27,721$21,687$16,823$12,955$4,461
23 years$33,209$25,927$20,024$15,321$11,629$3,771
24 years$31,488$24,292$18,519$13,973$10,452$3,189
25 years$29,907$22,797$17,152$12,761$9,405$2,699
26 years$28,449$21,425$15,908$11,668$8,472$2,286
27 years$27,102$20,164$14,772$10,680$7,638$1,936
28 years$25,854$19,000$13,732$9,785$6,892$1,641
29 years$24,694$17,924$12,779$8,973$6,223$1,390
30 years$23,613$16,928$11,903$8,235$5,623$1,179
31 years$22,603$16,002$11,097$7,564$5,084$1,000
32 years$21,659$15,141$10,354$6,951$4,599$848
33 years$20,774$14,339$9,667$6,392$4,162$719
34 years$19,943$13,590$9,033$5,881$3,768$610
35 years$19,160$12,890$8,445$5,414$3,413$518
36 years$18,423$12,235$7,900$4,986$3,092$439
37 years$17,728$11,620$7,394$4,594$2,803$373
38 years$17,071$11,043$6,924$4,235$2,541$316
39 years$16,449$10,501$6,487$3,904$2,304$268
40 years$15,859$9,991$6,081$3,601$2,090$228
41 years$15,300$9,510$5,702$3,323$1,896$193
42 years$14,768$9,057$5,348$3,066$1,720$164
43 years$14,263$8,630$5,019$2,831$1,561$139
44 years$13,782$8,226$4,711$2,614$1,417$118
45 years$13,324$7,844$4,423$2,414$1,287$100
46 years$12,887$7,483$4,155$2,230$1,168$85
47 years$12,470$7,141$3,903$2,060$1,061$72
48 years$12,072$6,817$3,668$1,903$963$61
49 years$11,690$6,510$3,448$1,759$875$52
50 years$11,326$6,219$3,241$1,626$795$44

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 $3,048 every year, while hoping to spend $32,215 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: 31/40/29 Blend
56$11,600,000$11,600,000$11,600,000$11,600,000
57$12,786,344$12,171,544$11,991,744$13,069,165
58$14,056,275$12,733,673$12,359,191$13,851,277
59$15,454,658$13,322,267$12,737,868$14,689,528
60$16,994,564$13,938,588$13,128,116$15,591,230
61$18,690,390$14,583,960$13,530,289$16,561,964
62$20,558,006$15,259,770$13,944,750$17,607,841
63$22,614,897$15,967,473$14,371,873$18,735,558
64$24,880,330$16,708,592$14,812,044$19,952,451
65$27,375,536$17,484,726$15,265,660$21,266,564
66$30,123,912$18,297,549$15,733,131$22,686,714
67$33,151,238$19,148,816$16,214,878$24,222,572
68$36,485,924$20,040,368$16,711,337$25,884,746
69$40,159,276$20,974,134$17,222,954$27,684,874
70$44,205,791$21,952,135$17,750,192$29,635,727
71$48,663,484$22,976,492$18,293,526$31,751,326
72$53,574,246$24,049,427$18,853,446$34,047,058
73$58,984,239$25,173,269$19,430,456$36,539,824
74$64,944,332$26,350,459$20,025,077$39,248,182
75$71,510,581$27,583,559$20,637,844$42,192,516
76$78,744,758$28,875,251$21,269,309$45,395,221
77$86,714,935$30,228,349$21,920,042$48,880,902
78$95,496,122$31,645,803$22,590,628$52,676,598
79$105,170,984$33,130,704$23,281,671$56,812,027
80$115,830,610$34,686,295$23,993,793$61,319,854
81$127,575,382$36,315,973$24,727,635$66,235,990
82$140,515,917$38,023,302$25,483,857$71,599,916
83$154,774,114$39,812,017$26,263,140$77,455,047
84$170,484,303$41,686,035$27,066,184$83,849,127
85$187,794,513$43,649,462$27,893,712$90,834,665
86$206,867,870$45,706,602$28,746,468$98,469,417
87$227,884,136$47,861,968$29,625,218$106,816,917
88$251,041,407$50,120,294$30,530,752$115,947,061
89$276,557,982$52,486,540$31,463,883$125,936,750
90$304,674,423$54,965,908$32,425,451$136,870,600
91$335,655,829$57,563,852$33,416,318$148,841,721
92$369,794,334$60,286,091$34,437,375$161,952,578
93$407,411,867$63,138,621$35,489,538$176,315,938
94$448,863,191$66,127,727$36,573,752$192,055,919
95$494,539,253$69,260,002$37,690,989$209,309,131
96$544,870,872$72,542,357$38,842,251$228,225,953
97$600,332,807$75,982,038$40,028,573$248,971,922
98$661,448,240$79,586,645$41,251,017$271,729,274
99$728,793,715$83,364,145$42,510,680$296,698,642
100$803,004,577$87,322,891$43,808,691$324,100,914