Can I retire at age 57 with 11,800,000?

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 $11,800,000?

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$974,433$965,753$957,285$949,019$940,949$919,322
2 years$482,393$473,408$464,701$456,259$448,071$426,402
3 years$318,401$309,378$300,693$292,330$284,274$263,240
4 years$236,421$227,425$218,827$210,607$202,747$182,509
5 years$187,245$178,304$169,819$161,766$154,125$134,740
6 years$154,473$145,599$137,239$129,366$121,954$103,442
7 years$131,073$122,274$114,046$106,359$99,181$81,545
8 years$113,531$104,811$96,720$89,222$82,280$65,514
9 years$99,894$91,257$83,305$75,997$69,292$53,382
10 years$88,992$80,438$72,627$65,510$59,040$43,970
11 years$80,077$71,610$63,940$57,014$50,777$36,525
12 years$72,653$64,273$56,745$50,009$44,002$30,546
13 years$66,377$58,084$50,698$44,150$38,370$25,686
14 years$61,001$52,797$45,552$39,192$33,635$21,695
15 years$56,347$48,231$41,128$34,952$29,615$18,392
16 years$52,278$44,251$37,288$31,296$26,174$15,639
17 years$48,692$40,753$33,931$28,119$23,208$13,333
18 years$45,508$37,658$30,974$25,341$20,635$11,391
19 years$42,662$34,901$28,356$22,898$18,393$9,749
20 years$40,104$32,432$26,023$20,738$16,429$8,357
21 years$37,793$30,209$23,936$18,821$14,702$7,173
22 years$35,695$28,199$22,061$17,113$13,178$6,163
23 years$33,782$26,374$20,370$15,585$11,829$5,301
24 years$32,031$24,711$18,838$14,214$10,633$4,563
25 years$30,422$23,190$17,448$12,981$9,568$3,930
26 years$28,940$21,795$16,182$11,870$8,618$3,387
27 years$27,570$20,511$15,027$10,864$7,770$2,921
28 years$26,300$19,328$13,969$9,954$7,011$2,520
29 years$25,119$18,233$13,000$9,128$6,331$2,174
30 years$24,020$17,219$12,109$8,377$5,720$1,877
31 years$22,993$16,278$11,289$7,694$5,172$1,621
32 years$22,033$15,402$10,532$7,071$4,678$1,400
33 years$21,132$14,586$9,834$6,502$4,234$1,210
34 years$20,286$13,825$9,188$5,983$3,833$1,045
35 years$19,491$13,112$8,591$5,507$3,472$903
36 years$18,741$12,446$8,036$5,072$3,146$781
37 years$18,034$11,820$7,522$4,673$2,851$675
38 years$17,365$11,234$7,044$4,308$2,585$583
39 years$16,732$10,682$6,599$3,972$2,344$504
40 years$16,132$10,163$6,186$3,663$2,126$436
41 years$15,564$9,674$5,800$3,380$1,929$377
42 years$15,023$9,213$5,441$3,119$1,750$326
43 years$14,509$8,779$5,105$2,879$1,588$282
44 years$14,020$8,368$4,792$2,659$1,442$244
45 years$13,554$7,979$4,500$2,455$1,309$211
46 years$13,109$7,612$4,226$2,268$1,188$182
47 years$12,685$7,264$3,971$2,095$1,079$158
48 years$12,280$6,935$3,731$1,936$980$136
49 years$11,892$6,622$3,507$1,789$890$118
50 years$11,521$6,326$3,297$1,654$808$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,800,000, adding $2,586 every year, while hoping to spend $46,239 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: 23/47/30 Blend
56$11,800,000$11,800,000$11,800,000$11,800,000
57$13,006,267$12,380,867$12,197,967$13,182,537
58$14,283,709$12,938,332$12,557,401$13,895,539
59$15,689,899$13,521,563$12,927,327$14,654,285
60$17,237,923$14,131,773$13,308,046$15,465,631
61$18,942,196$14,770,235$13,699,870$16,333,955
62$20,818,604$15,438,280$14,103,120$17,264,040
63$22,884,651$16,137,306$14,518,124$18,261,112
64$25,159,626$16,868,773$14,945,221$19,330,886
65$27,664,781$17,634,217$15,384,759$20,479,614
66$30,423,536$18,435,241$15,837,096$21,714,133
67$33,461,698$19,273,529$16,302,601$23,041,929
68$36,807,704$20,150,845$16,781,651$24,471,196
69$40,492,890$21,069,036$17,274,636$26,010,908
70$44,551,784$22,030,039$17,781,956$27,670,896
71$49,022,437$23,035,882$18,304,023$29,461,933
72$53,946,778$24,088,692$18,841,259$31,395,825
73$59,371,009$25,190,698$19,394,101$33,485,516
74$65,346,044$26,344,234$19,962,996$35,745,202
75$71,927,987$27,551,748$20,548,403$38,190,451
76$79,178,663$28,815,804$21,150,795$40,838,345
77$87,166,199$30,139,091$21,770,659$43,707,628
78$95,965,670$31,524,426$22,408,495$46,818,872
79$105,659,805$32,974,760$23,064,817$50,194,662
80$116,339,770$34,493,188$23,740,153$53,859,792
81$128,106,026$36,082,953$24,435,047$57,841,494
82$141,069,276$37,747,453$25,150,057$62,169,676
83$155,351,516$39,490,252$25,885,758$66,877,194
84$171,087,180$41,315,084$26,642,739$72,000,144
85$188,424,410$43,225,861$27,421,609$77,578,193
86$207,526,457$45,226,685$28,222,990$83,654,935
87$228,573,220$47,321,857$29,047,525$90,278,286
88$251,762,943$49,515,883$29,895,871$97,500,919
89$277,314,089$51,813,486$30,768,709$105,380,745
90$305,467,398$54,219,619$31,666,732$113,981,440
91$336,488,164$56,739,472$32,590,659$123,373,026
92$370,668,735$59,378,484$33,541,225$133,632,513
93$408,331,276$62,142,360$34,519,186$144,844,603
94$449,830,807$65,037,077$35,525,320$157,102,468
95$495,558,558$68,068,902$36,560,426$170,508,606
96$545,945,657$71,244,404$37,625,327$185,175,787
97$601,467,204$74,570,470$38,720,865$201,228,085
98$662,646,754$78,054,319$39,847,909$218,802,029
99$730,061,260$81,703,517$41,007,351$238,047,862
100$804,346,519$85,526,000$42,200,108$259,130,929