Can I retire at age 57 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$982,691$973,938$965,398$957,062$948,923$918,180
2 years$486,481$477,420$468,640$460,126$451,868$421,183
3 years$321,099$311,999$303,241$294,807$286,684$257,020
4 years$238,424$229,353$220,682$212,392$204,465$176,051
5 years$188,832$179,815$171,258$163,137$155,431$128,341
6 years$155,782$146,833$138,402$130,462$122,987$97,245
7 years$132,184$123,310$115,013$107,260$100,022$75,623
8 years$114,493$105,699$97,540$89,978$82,978$59,906
9 years$100,741$92,030$84,011$76,641$69,879$48,108
10 years$89,746$81,120$73,243$66,065$59,541$39,036
11 years$80,756$72,217$64,482$57,497$51,207$31,931
12 years$73,269$64,818$57,226$50,432$44,375$26,285
13 years$66,939$58,576$51,128$44,524$38,696$21,748
14 years$61,518$53,244$45,938$39,524$33,920$18,068
15 years$56,825$48,640$41,476$35,248$29,866$15,061
16 years$52,721$44,626$37,604$31,561$26,396$12,588
17 years$49,105$41,099$34,218$28,357$23,404$10,546
18 years$45,894$37,977$31,237$25,556$20,810$8,851
19 years$43,024$35,197$28,596$23,092$18,548$7,440
20 years$40,444$32,707$26,244$20,914$16,568$6,262
21 years$38,113$30,465$24,139$18,981$14,826$5,276
22 years$35,997$28,438$22,248$17,258$13,290$4,450
23 years$34,068$26,597$20,542$15,717$11,930$3,756
24 years$32,302$24,920$18,998$14,335$10,723$3,172
25 years$30,680$23,386$17,596$13,091$9,649$2,680
26 years$29,185$21,979$16,319$11,970$8,691$2,266
27 years$27,803$20,685$15,154$10,957$7,836$1,916
28 years$26,523$19,491$14,088$10,039$7,070$1,621
29 years$25,332$18,388$13,110$9,206$6,384$1,372
30 years$24,223$17,365$12,211$8,448$5,769$1,161
31 years$23,188$16,416$11,384$7,759$5,215$983
32 years$22,219$15,533$10,622$7,131$4,718$832
33 years$21,311$14,710$9,917$6,557$4,270$705
34 years$20,458$13,942$9,266$6,033$3,866$597
35 years$19,656$13,223$8,663$5,554$3,501$505
36 years$18,900$12,551$8,104$5,115$3,172$428
37 years$18,186$11,921$7,586$4,713$2,875$363
38 years$17,512$11,329$7,104$4,344$2,607$307
39 years$16,874$10,773$6,655$4,005$2,364$260
40 years$16,269$10,249$6,238$3,694$2,144$221
41 years$15,695$9,756$5,849$3,409$1,945$187
42 years$15,150$9,292$5,487$3,146$1,765$158
43 years$14,632$8,853$5,149$2,904$1,602$134
44 years$14,139$8,439$4,833$2,681$1,454$114
45 years$13,669$8,047$4,538$2,476$1,320$96
46 years$13,221$7,677$4,262$2,287$1,198$82
47 years$12,793$7,326$4,004$2,113$1,088$69
48 years$12,384$6,994$3,763$1,953$988$59
49 years$11,993$6,678$3,537$1,805$898$50
50 years$11,619$6,379$3,325$1,668$815$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,900,000, adding $5,342 every year, while hoping to spend $45,140 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: 47/32/21 Blend
56$11,900,000$11,900,000$11,900,000$11,900,000
57$13,119,310$12,488,610$12,304,160$13,657,236
58$14,409,451$13,052,524$12,668,321$14,597,565
59$15,829,674$13,642,556$13,043,168$15,612,679
60$17,393,198$14,259,939$13,429,012$16,713,586
61$19,114,593$14,905,964$13,826,172$17,908,334
62$21,009,909$15,581,984$14,234,977$19,205,763
63$23,096,835$16,289,416$14,655,764$20,615,582
64$25,394,861$17,029,746$15,088,880$22,148,462
65$27,925,462$17,804,530$15,534,684$23,816,125
66$30,712,306$18,615,398$15,993,542$25,631,456
67$33,781,469$19,464,060$16,465,833$27,608,618
68$37,161,686$20,352,306$16,951,946$29,763,179
69$40,884,622$21,282,014$17,452,281$32,112,256
70$44,985,170$22,255,149$17,967,248$34,674,672
71$49,501,779$23,273,772$18,497,272$37,471,125
72$54,476,817$24,340,044$19,042,788$40,524,379
73$59,956,974$25,456,228$19,604,243$43,859,472
74$65,993,698$26,624,696$20,182,098$47,503,949
75$72,643,683$27,847,934$20,776,826$51,488,111
76$79,969,403$29,128,547$21,388,914$55,845,297
77$88,039,702$30,469,266$22,018,863$60,612,188
78$96,930,445$31,872,953$22,667,188$65,829,151
79$106,725,231$33,342,608$23,334,419$71,540,607
80$117,516,182$34,881,374$24,021,100$77,795,444
81$129,404,818$36,492,546$24,727,792$84,647,471
82$142,503,007$38,179,579$25,455,071$92,155,913
83$156,934,027$39,946,091$26,203,528$100,385,965
84$172,833,725$41,795,877$26,973,774$109,409,393
85$190,351,805$43,732,915$27,766,435$119,305,207
86$209,653,233$45,761,371$28,582,155$130,160,387
87$230,919,801$47,885,617$29,421,596$142,070,703
88$254,351,840$50,110,232$30,285,439$155,141,600
89$280,170,112$52,440,017$31,174,385$169,489,181
90$308,617,890$54,880,005$32,089,153$185,241,294
91$339,963,260$57,435,470$33,030,485$202,538,724
92$374,501,647$60,111,943$33,999,141$221,536,505
93$412,558,608$62,915,221$34,995,905$242,405,370
94$454,492,898$65,851,379$36,021,580$265,333,351
95$500,699,866$68,926,789$37,076,995$290,527,529
96$551,615,178$72,148,127$38,163,001$318,215,983
97$607,718,936$75,522,395$39,280,471$348,649,915
98$669,540,206$79,056,931$40,430,305$382,106,009
99$737,662,014$82,759,428$41,613,427$418,889,021
100$812,726,851$86,637,952$42,830,789$459,334,637