Can I retire at age 57 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$990,949$982,122$973,510$965,105$956,897$946,904
2 years$490,569$481,432$472,578$463,993$455,665$445,602
3 years$323,797$314,621$305,789$297,285$289,093$279,271
4 years$240,428$231,280$222,536$214,177$206,183$196,679
5 years$190,419$181,326$172,697$164,508$156,737$147,579
6 years$157,091$148,067$139,565$131,559$124,021$115,219
7 years$133,294$124,346$115,979$108,162$100,862$92,421
8 years$115,455$106,588$98,360$90,734$83,675$75,593
9 years$101,588$92,804$84,717$77,285$70,466$62,742
10 years$90,500$81,802$73,858$66,621$60,041$52,668
11 years$81,434$72,823$65,024$57,980$51,637$44,611
12 years$73,885$65,362$57,707$50,856$44,748$38,060
13 years$67,502$59,068$51,557$44,898$39,021$32,664
14 years$62,035$53,692$46,324$39,856$34,205$28,171
15 years$57,302$49,048$41,825$35,544$30,117$24,396
16 years$53,165$45,001$37,920$31,826$26,618$21,200
17 years$49,518$41,444$34,506$28,595$23,601$18,476
18 years$46,279$38,296$31,499$25,770$20,985$16,144
19 years$43,385$35,493$28,836$23,286$18,704$14,136
20 years$40,784$32,981$26,464$21,090$16,707$12,400
21 years$38,434$30,721$24,342$19,140$14,951$10,896
22 years$36,300$28,677$22,435$17,403$13,401$9,587
23 years$34,354$26,821$20,715$15,849$12,030$8,446
24 years$32,574$25,129$19,158$14,455$10,813$7,448
25 years$30,938$23,583$17,744$13,201$9,730$6,575
26 years$29,430$22,164$16,457$12,071$8,764$5,808
27 years$28,037$20,859$15,281$11,049$7,902$5,135
28 years$26,745$19,655$14,206$10,123$7,130$4,543
29 years$25,545$18,542$13,220$9,283$6,438$4,021
30 years$24,427$17,511$12,314$8,519$5,817$3,561
31 years$23,383$16,554$11,480$7,824$5,259$3,154
32 years$22,406$15,663$10,711$7,191$4,757$2,796
33 years$21,490$14,834$10,001$6,613$4,305$2,478
34 years$20,630$14,059$9,344$6,084$3,898$2,198
35 years$19,821$13,335$8,736$5,601$3,531$1,950
36 years$19,059$12,656$8,172$5,158$3,199$1,730
37 years$18,339$12,021$7,649$4,753$2,899$1,535
38 years$17,659$11,424$7,163$4,381$2,629$1,363
39 years$17,016$10,863$6,711$4,039$2,384$1,210
40 years$16,406$10,335$6,290$3,725$2,162$1,074
41 years$15,827$9,838$5,898$3,437$1,961$954
42 years$15,278$9,370$5,533$3,172$1,780$847
43 years$14,755$8,927$5,192$2,928$1,615$752
44 years$14,258$8,510$4,873$2,704$1,466$668
45 years$13,784$8,115$4,576$2,497$1,331$594
46 years$13,332$7,741$4,298$2,307$1,209$527
47 years$12,900$7,387$4,038$2,131$1,097$469
48 years$12,488$7,052$3,794$1,969$997$416
49 years$12,094$6,735$3,567$1,820$905$370
50 years$11,716$6,433$3,353$1,682$822$329

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,000,000, adding $6,334 every year, while hoping to spend $59,833 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: 43/47/10 Blend
56$12,000,000$12,000,000$12,000,000$12,000,000
57$13,230,534$12,594,534$12,408,534$13,760,867
58$14,516,386$13,148,004$12,760,558$14,684,370
59$15,931,390$13,726,589$13,122,369$15,677,678
60$17,488,656$14,331,456$13,494,233$16,752,399
61$19,202,630$14,963,828$13,876,420$17,916,010
62$21,089,228$15,624,985$14,269,210$19,176,713
63$23,165,989$16,316,269$14,672,888$20,543,510
64$25,452,237$17,039,084$15,087,747$22,026,282
65$27,969,268$17,794,901$15,514,089$23,635,874
66$30,740,544$18,585,262$15,952,222$25,384,199
67$33,791,920$19,411,781$16,402,462$27,284,335
68$37,151,885$20,276,148$16,865,134$29,350,651
69$40,851,833$21,180,134$17,340,571$31,598,929
70$44,926,354$22,125,595$17,829,115$34,046,511
71$49,413,567$23,114,474$18,331,115$36,712,455
72$54,355,475$24,148,807$18,846,931$39,617,705
73$59,798,361$25,230,727$19,376,932$42,785,283
74$65,793,229$26,362,467$19,921,494$46,240,498
75$72,396,280$27,546,369$20,481,005$50,011,175
76$79,669,444$28,784,885$21,055,862$54,127,912
77$87,680,966$30,080,583$21,646,472$58,624,356
78$96,506,048$31,436,155$22,253,253$63,537,512
79$106,227,560$32,854,422$22,876,632$68,908,084
80$116,936,820$34,338,338$23,517,048$74,780,846
81$128,734,457$35,890,997$24,174,950$81,205,055
82$141,731,361$37,515,645$24,850,800$88,234,904
83$156,049,727$39,215,679$25,545,069$95,930,022
84$171,824,212$40,994,661$26,258,242$104,356,024
85$189,203,204$42,856,321$26,990,815$113,585,114
86$208,350,219$44,804,570$27,743,296$123,696,758
87$229,445,452$46,843,503$28,516,207$134,778,416
88$252,687,468$48,977,415$29,310,080$146,926,354
89$278,295,086$51,210,804$30,125,463$160,246,534
90$306,509,435$53,548,385$30,962,917$174,855,602
91$337,596,238$55,995,096$31,823,016$190,881,968
92$371,848,315$58,556,116$32,706,347$208,467,001
93$409,588,347$61,236,870$33,613,513$227,766,344
94$451,171,924$64,043,043$34,545,132$248,951,366
95$496,990,902$66,980,593$35,501,836$272,210,753
96$547,477,098$70,055,766$36,484,272$297,752,273
97$603,106,370$73,275,106$37,493,102$325,804,711
98$664,403,105$76,645,472$38,529,007$356,620,006
99$731,945,174$80,174,052$39,592,680$390,475,604
100$806,369,381$83,868,381$40,684,835$427,677,051