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

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$957,917$949,385$941,060$932,934$925,000$903,005
2 years$474,216$465,385$456,825$448,526$440,476$418,446
3 years$313,004$304,134$295,596$287,375$279,456$258,078
4 years$232,413$223,571$215,118$207,038$199,311$178,749
5 years$184,072$175,282$166,941$159,025$151,513$131,826
6 years$151,855$143,131$134,913$127,173$119,887$101,095
7 years$128,851$120,201$112,113$104,556$97,500$79,605
8 years$111,607$103,035$95,081$87,710$80,886$63,880
9 years$98,201$89,710$81,893$74,709$68,118$51,988
10 years$87,483$79,075$71,396$64,400$58,040$42,769
11 years$78,720$70,396$62,856$56,047$49,916$35,482
12 years$71,422$63,184$55,783$49,161$43,256$29,635
13 years$65,252$57,100$49,839$43,402$37,720$24,886
14 years$59,968$51,902$44,780$38,527$33,065$20,991
15 years$55,392$47,413$40,431$34,360$29,113$17,770
16 years$51,392$43,501$36,656$30,765$25,730$15,089
17 years$47,867$40,063$33,356$27,642$22,814$12,845
18 years$44,737$37,020$30,449$24,911$20,285$10,958
19 years$41,939$34,309$27,875$22,509$18,081$9,365
20 years$39,425$31,882$25,582$20,387$16,150$8,015
21 years$37,153$29,697$23,531$18,502$14,453$6,869
22 years$35,090$27,721$21,687$16,823$12,955$5,893
23 years$33,209$25,927$20,024$15,321$11,629$5,060
24 years$31,488$24,292$18,519$13,973$10,452$4,349
25 years$29,907$22,797$17,152$12,761$9,405$3,740
26 years$28,449$21,425$15,908$11,668$8,472$3,218
27 years$27,102$20,164$14,772$10,680$7,638$2,771
28 years$25,854$19,000$13,732$9,785$6,892$2,386
29 years$24,694$17,924$12,779$8,973$6,223$2,056
30 years$23,613$16,928$11,903$8,235$5,623$1,772
31 years$22,603$16,002$11,097$7,564$5,084$1,528
32 years$21,659$15,141$10,354$6,951$4,599$1,317
33 years$20,774$14,339$9,667$6,392$4,162$1,136
34 years$19,943$13,590$9,033$5,881$3,768$980
35 years$19,160$12,890$8,445$5,414$3,413$846
36 years$18,423$12,235$7,900$4,986$3,092$730
37 years$17,728$11,620$7,394$4,594$2,803$630
38 years$17,071$11,043$6,924$4,235$2,541$543
39 years$16,449$10,501$6,487$3,904$2,304$469
40 years$15,859$9,991$6,081$3,601$2,090$405
41 years$15,300$9,510$5,702$3,323$1,896$349
42 years$14,768$9,057$5,348$3,066$1,720$302
43 years$14,263$8,630$5,019$2,831$1,561$260
44 years$13,782$8,226$4,711$2,614$1,417$225
45 years$13,324$7,844$4,423$2,414$1,287$194
46 years$12,887$7,483$4,155$2,230$1,168$168
47 years$12,470$7,141$3,903$2,060$1,061$145
48 years$12,072$6,817$3,668$1,903$963$125
49 years$11,690$6,510$3,448$1,759$875$108
50 years$11,326$6,219$3,241$1,626$795$93

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 $6,188 every year, while hoping to spend $26,332 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: 55/18/27 Blend
56$11,600,000$11,600,000$11,600,000$11,600,000
57$12,789,583$12,174,783$11,994,983$13,397,277
58$14,066,103$12,743,330$12,368,798$14,385,184
59$15,471,946$13,338,854$12,754,253$15,457,337
60$17,020,275$13,962,648$13,151,711$16,624,540
61$18,725,594$14,616,069$13,561,544$17,895,944
62$20,603,887$15,300,538$13,984,138$19,281,613
63$22,672,767$16,017,548$14,419,890$20,792,616
64$24,951,642$16,768,661$14,869,209$22,441,123
65$27,461,899$17,555,515$15,332,517$24,240,527
66$30,227,106$18,379,828$15,810,250$26,205,555
67$33,273,233$19,243,402$16,302,856$28,352,416
68$36,628,898$20,148,124$16,810,797$30,698,939
69$40,325,638$21,095,975$17,334,551$33,264,746
70$44,398,204$22,089,028$17,874,609$36,071,428
71$48,884,891$23,129,461$18,431,478$39,142,750
72$53,827,899$24,219,554$19,005,682$42,504,866
73$59,273,732$25,361,699$19,597,760$46,186,562
74$65,273,635$26,558,404$20,208,266$50,219,527
75$71,884,077$27,812,298$20,837,775$54,638,645
76$79,167,290$29,126,137$21,486,878$59,482,319
77$87,191,849$30,502,813$22,156,183$64,792,828
78$96,033,321$31,945,354$22,846,319$70,616,722
79$105,774,982$33,456,939$23,557,933$77,005,254
80$116,508,600$35,040,899$24,291,694$84,014,861
81$128,335,301$36,700,727$25,048,289$91,707,686
82$141,366,525$38,440,086$25,828,430$100,152,164
83$155,725,076$40,262,815$26,632,847$109,423,656
84$171,546,282$42,172,942$27,462,297$119,605,154
85$188,979,275$44,174,688$28,317,556$130,788,063
86$208,188,394$46,272,481$29,199,427$143,073,048
87$229,354,740$48,470,962$30,108,738$156,570,982
88$252,677,884$50,775,000$31,046,341$171,403,982
89$278,377,751$53,189,698$32,013,116$187,706,554
90$306,696,697$55,720,408$33,009,970$205,626,853
91$337,901,793$58,372,741$34,037,838$225,328,073
92$372,287,354$61,152,583$35,097,683$246,989,978
93$410,177,709$64,066,104$36,190,500$270,810,585
94$451,930,266$67,119,775$37,317,313$297,008,029
95$497,938,890$70,320,380$38,479,179$325,822,606
96$548,637,612$73,675,034$39,677,187$357,519,031
97$604,504,736$77,191,198$40,912,461$392,388,926
98$666,067,349$80,876,697$42,186,158$430,753,559
99$733,906,296$84,739,733$43,499,472$472,966,863
100$808,661,669$88,788,910$44,853,635$519,418,766