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

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$982,691$973,938$965,398$957,062$948,923$918,915
2 years$486,481$477,420$468,640$460,126$451,868$421,908
3 years$321,099$311,999$303,241$294,807$286,684$257,711
4 years$238,424$229,353$220,682$212,392$204,465$176,702
5 years$188,832$179,815$171,258$163,137$155,431$128,952
6 years$155,782$146,833$138,402$130,462$122,987$97,814
7 years$132,184$123,310$115,013$107,260$100,022$76,153
8 years$114,493$105,699$97,540$89,978$82,978$60,397
9 years$100,741$92,030$84,011$76,641$69,879$48,561
10 years$89,746$81,120$73,243$66,065$59,541$39,454
11 years$80,756$72,217$64,482$57,497$51,207$32,314
12 years$73,269$64,818$57,226$50,432$44,375$26,636
13 years$66,939$58,576$51,128$44,524$38,696$22,068
14 years$61,518$53,244$45,938$39,524$33,920$18,360
15 years$56,825$48,640$41,476$35,248$29,866$15,325
16 years$52,721$44,626$37,604$31,561$26,396$12,828
17 years$49,105$41,099$34,218$28,357$23,404$10,762
18 years$45,894$37,977$31,237$25,556$20,810$9,046
19 years$43,024$35,197$28,596$23,092$18,548$7,616
20 years$40,444$32,707$26,244$20,914$16,568$6,420
21 years$38,113$30,465$24,139$18,981$14,826$5,417
22 years$35,997$28,438$22,248$17,258$13,290$4,576
23 years$34,068$26,597$20,542$15,717$11,930$3,868
24 years$32,302$24,920$18,998$14,335$10,723$3,272
25 years$30,680$23,386$17,596$13,091$9,649$2,769
26 years$29,185$21,979$16,319$11,970$8,691$2,345
27 years$27,803$20,685$15,154$10,957$7,836$1,986
28 years$26,523$19,491$14,088$10,039$7,070$1,683
29 years$25,332$18,388$13,110$9,206$6,384$1,426
30 years$24,223$17,365$12,211$8,448$5,769$1,209
31 years$23,188$16,416$11,384$7,759$5,215$1,025
32 years$22,219$15,533$10,622$7,131$4,718$870
33 years$21,311$14,710$9,917$6,557$4,270$738
34 years$20,458$13,942$9,266$6,033$3,866$626
35 years$19,656$13,223$8,663$5,554$3,501$531
36 years$18,900$12,551$8,104$5,115$3,172$450
37 years$18,186$11,921$7,586$4,713$2,875$382
38 years$17,512$11,329$7,104$4,344$2,607$324
39 years$16,874$10,773$6,655$4,005$2,364$275
40 years$16,269$10,249$6,238$3,694$2,144$234
41 years$15,695$9,756$5,849$3,409$1,945$198
42 years$15,150$9,292$5,487$3,146$1,765$168
43 years$14,632$8,853$5,149$2,904$1,602$143
44 years$14,139$8,439$4,833$2,681$1,454$121
45 years$13,669$8,047$4,538$2,476$1,320$103
46 years$13,221$7,677$4,262$2,287$1,198$87
47 years$12,793$7,326$4,004$2,113$1,088$74
48 years$12,384$6,994$3,763$1,953$988$63
49 years$11,993$6,678$3,537$1,805$898$53
50 years$11,619$6,379$3,325$1,668$815$45

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 $6,582 every year, while hoping to spend $27,792 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: 47/31/22 Blend
56$11,900,000$11,900,000$11,900,000$11,900,000
57$13,120,589$12,489,889$12,305,439$13,654,674
58$14,429,319$13,072,323$12,688,101$14,611,489
59$15,870,608$13,682,365$13,082,651$15,646,144
60$17,457,947$14,321,338$13,489,457$16,768,641
61$19,206,204$14,990,630$13,908,900$17,987,219
62$21,131,760$15,691,695$14,341,372$19,310,924
63$23,252,669$16,426,057$14,787,277$20,749,695
64$25,588,823$17,195,316$15,247,032$22,314,449
65$28,162,143$18,001,146$15,721,068$24,017,182
66$30,996,784$18,845,305$16,209,826$25,871,079
67$34,119,364$19,729,633$16,713,763$27,890,627
68$37,559,216$20,656,062$17,233,352$30,091,755
69$41,348,663$21,626,616$17,769,076$32,491,973
70$45,523,324$22,643,418$18,321,437$35,110,533
71$50,122,448$23,708,690$18,890,950$37,968,605
72$55,189,290$24,824,768$19,478,149$41,089,472
73$60,771,511$25,994,095$20,083,580$44,498,739
74$66,921,635$27,219,236$20,707,810$48,224,574
75$73,697,542$28,502,878$21,351,422$52,297,961
76$81,163,013$29,847,842$22,015,017$56,752,988
77$89,388,335$31,257,080$22,699,214$61,627,163
78$98,450,960$32,733,692$23,404,653$66,961,752
79$108,436,242$34,280,926$24,131,992$72,802,171
80$119,438,235$35,902,188$24,881,911$79,198,396
81$131,560,588$37,601,049$25,655,108$86,205,433
82$144,917,521$39,381,253$26,452,307$93,883,820
83$159,634,900$41,246,727$27,274,252$102,300,197
84$175,851,430$43,201,586$28,121,708$111,527,915
85$193,719,959$45,250,147$28,995,469$121,647,727
86$213,408,926$47,396,935$29,896,348$132,748,529
87$235,103,948$49,646,696$30,825,187$144,928,195
88$259,009,572$52,004,406$31,782,853$158,294,484
89$285,351,208$54,475,282$32,770,239$172,966,043
90$314,377,255$57,064,795$33,788,265$189,073,518
91$346,361,446$59,778,680$34,837,883$206,760,767
92$381,605,432$62,622,954$35,920,071$226,186,207
93$420,441,631$65,603,924$37,035,838$247,524,290
94$463,236,364$68,728,203$38,186,225$270,967,136
95$510,393,316$72,002,727$39,372,306$296,726,330
96$562,357,341$75,434,769$40,595,186$325,034,896
97$619,618,671$79,031,953$41,856,005$356,149,483
98$682,717,534$82,802,277$43,155,940$390,352,766
99$752,249,260$86,754,126$44,496,202$427,956,093
100$828,869,900$90,896,294$45,878,040$469,302,401