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%14.3%
1 years$974,433$965,753$957,285$949,019$940,949$924,220
2 years$482,393$473,408$464,701$456,259$448,071$431,274
3 years$318,401$309,378$300,693$292,330$284,274$267,933
4 years$236,421$227,425$218,827$210,607$202,747$186,986
5 years$187,245$178,304$169,819$161,766$154,125$138,990
6 years$154,473$145,599$137,239$129,366$121,954$107,462
7 years$131,073$122,274$114,046$106,359$99,181$85,337
8 years$113,531$104,811$96,720$89,222$82,280$69,080
9 years$99,894$91,257$83,305$75,997$69,292$56,728
10 years$88,992$80,438$72,627$65,510$59,040$47,101
11 years$80,077$71,610$63,940$57,014$50,777$39,449
12 years$72,653$64,273$56,745$50,009$44,002$33,272
13 years$66,377$58,084$50,698$44,150$38,370$28,220
14 years$61,001$52,797$45,552$39,192$33,635$24,047
15 years$56,347$48,231$41,128$34,952$29,615$20,570
16 years$52,278$44,251$37,288$31,296$26,174$17,653
17 years$48,692$40,753$33,931$28,119$23,208$15,191
18 years$45,508$37,658$30,974$25,341$20,635$13,102
19 years$42,662$34,901$28,356$22,898$18,393$11,322
20 years$40,104$32,432$26,023$20,738$16,429$9,801
21 years$37,793$30,209$23,936$18,821$14,702$8,496
22 years$35,695$28,199$22,061$17,113$13,178$7,373
23 years$33,782$26,374$20,370$15,585$11,829$6,406
24 years$32,031$24,711$18,838$14,214$10,633$5,571
25 years$30,422$23,190$17,448$12,981$9,568$4,848
26 years$28,940$21,795$16,182$11,870$8,618$4,222
27 years$27,570$20,511$15,027$10,864$7,770$3,680
28 years$26,300$19,328$13,969$9,954$7,011$3,208
29 years$25,119$18,233$13,000$9,128$6,331$2,798
30 years$24,020$17,219$12,109$8,377$5,720$2,442
31 years$22,993$16,278$11,289$7,694$5,172$2,131
32 years$22,033$15,402$10,532$7,071$4,678$1,861
33 years$21,132$14,586$9,834$6,502$4,234$1,625
34 years$20,286$13,825$9,188$5,983$3,833$1,420
35 years$19,491$13,112$8,591$5,507$3,472$1,240
36 years$18,741$12,446$8,036$5,072$3,146$1,084
37 years$18,034$11,820$7,522$4,673$2,851$947
38 years$17,365$11,234$7,044$4,308$2,585$828
39 years$16,732$10,682$6,599$3,972$2,344$724
40 years$16,132$10,163$6,186$3,663$2,126$633
41 years$15,564$9,674$5,800$3,380$1,929$553
42 years$15,023$9,213$5,441$3,119$1,750$484
43 years$14,509$8,779$5,105$2,879$1,588$423
44 years$14,020$8,368$4,792$2,659$1,442$370
45 years$13,554$7,979$4,500$2,455$1,309$324
46 years$13,109$7,612$4,226$2,268$1,188$283
47 years$12,685$7,264$3,971$2,095$1,079$248
48 years$12,280$6,935$3,731$1,936$980$217
49 years$11,892$6,622$3,507$1,789$890$189
50 years$11,521$6,326$3,297$1,654$808$166

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 $6,658 every year, while hoping to spend $33,112 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: 78/15/7 Blend
56$11,800,000$11,800,000$11,800,000$11,800,000
57$13,010,468$12,385,068$12,202,168$14,014,221
58$14,302,305$12,956,705$12,575,709$15,245,361
59$15,724,799$13,555,243$12,960,655$16,590,208
60$17,291,243$14,181,964$13,357,352$18,064,076
61$19,016,284$14,838,215$13,766,157$19,679,793
62$20,916,060$15,525,403$14,187,439$21,451,481
63$23,008,358$16,245,007$14,621,577$23,394,686
64$25,312,774$16,998,576$15,068,964$25,526,526
65$27,850,904$17,787,733$15,530,001$27,865,847
66$30,646,544$18,614,180$16,005,104$30,433,404
67$33,725,917$19,479,700$16,494,700$33,252,046
68$37,117,919$20,386,164$16,999,231$36,346,939
69$40,854,392$21,335,531$17,519,151$39,745,793
70$44,970,424$22,329,857$18,054,927$43,479,127
71$49,504,681$23,371,294$18,607,041$47,580,549
72$54,499,772$24,462,100$19,175,990$52,087,077
73$60,002,649$25,604,643$19,762,286$57,039,477
74$66,065,052$26,801,404$20,366,455$62,482,653
75$72,743,998$28,054,983$20,989,041$68,466,062
76$80,102,315$29,368,107$21,630,604$75,044,179
77$88,209,242$30,743,634$22,291,720$82,277,010
78$97,141,074$32,184,562$22,972,982$90,230,650
79$106,981,890$33,694,032$23,675,003$98,977,909
80$117,824,341$35,275,337$24,398,414$108,598,989
81$129,770,525$36,931,931$25,143,863$119,182,242
82$142,932,956$38,667,433$25,912,020$130,824,997
83$157,435,619$40,485,638$26,703,573$143,634,474
84$173,415,144$42,390,526$27,519,235$157,728,792
85$191,022,094$44,386,268$28,359,735$173,238,080
86$210,422,390$46,477,237$29,225,828$190,305,699
87$231,798,871$48,668,019$30,118,290$209,089,588
88$255,353,025$50,963,421$31,037,922$229,763,752
89$281,306,889$53,368,484$31,985,548$252,519,899
90$309,905,144$55,888,492$32,962,017$277,569,241
91$341,417,428$58,528,987$33,968,203$305,144,481
92$376,140,876$61,295,778$35,005,008$335,502,006
93$414,402,930$64,194,956$36,073,361$368,924,297
94$456,564,428$67,232,908$37,174,218$405,722,591
95$503,023,009$70,416,330$38,308,564$446,239,807
96$554,216,870$73,752,244$39,477,414$490,853,780
97$610,628,897$77,248,011$40,681,814$539,980,816
98$672,791,232$80,911,351$41,922,842$594,079,613
99$741,290,288$84,750,357$43,201,607$653,655,584
100$816,772,289$88,773,516$44,519,253$719,265,615