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

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 $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%17.8%
1 years$990,949$982,122$973,510$965,105$956,897$926,637
2 years$490,569$481,432$472,578$463,993$455,665$425,453
3 years$323,797$314,621$305,789$297,285$289,093$259,876
4 years$240,428$231,280$222,536$214,177$206,183$178,187
5 years$190,419$181,326$172,697$164,508$156,737$130,035
6 years$157,091$148,067$139,565$131,559$124,021$98,636
7 years$133,294$124,346$115,979$108,162$100,862$76,793
8 years$115,455$106,588$98,360$90,734$83,675$60,905
9 years$101,588$92,804$84,717$77,285$70,466$48,969
10 years$90,500$81,802$73,858$66,621$60,041$39,785
11 years$81,434$72,823$65,024$57,980$51,637$32,586
12 years$73,885$65,362$57,707$50,856$44,748$26,860
13 years$67,502$59,068$51,557$44,898$39,021$22,254
14 years$62,035$53,692$46,324$39,856$34,205$18,514
15 years$57,302$49,048$41,825$35,544$30,117$15,454
16 years$53,165$45,001$37,920$31,826$26,618$12,936
17 years$49,518$41,444$34,506$28,595$23,601$10,853
18 years$46,279$38,296$31,499$25,770$20,985$9,122
19 years$43,385$35,493$28,836$23,286$18,704$7,679
20 years$40,784$32,981$26,464$21,090$16,707$6,474
21 years$38,434$30,721$24,342$19,140$14,951$5,463
22 years$36,300$28,677$22,435$17,403$13,401$4,614
23 years$34,354$26,821$20,715$15,849$12,030$3,901
24 years$32,574$25,129$19,158$14,455$10,813$3,299
25 years$30,938$23,583$17,744$13,201$9,730$2,792
26 years$29,430$22,164$16,457$12,071$8,764$2,364
27 years$28,037$20,859$15,281$11,049$7,902$2,003
28 years$26,745$19,655$14,206$10,123$7,130$1,697
29 years$25,545$18,542$13,220$9,283$6,438$1,438
30 years$24,427$17,511$12,314$8,519$5,817$1,219
31 years$23,383$16,554$11,480$7,824$5,259$1,034
32 years$22,406$15,663$10,711$7,191$4,757$877
33 years$21,490$14,834$10,001$6,613$4,305$744
34 years$20,630$14,059$9,344$6,084$3,898$631
35 years$19,821$13,335$8,736$5,601$3,531$535
36 years$19,059$12,656$8,172$5,158$3,199$454
37 years$18,339$12,021$7,649$4,753$2,899$385
38 years$17,659$11,424$7,163$4,381$2,629$327
39 years$17,016$10,863$6,711$4,039$2,384$278
40 years$16,406$10,335$6,290$3,725$2,162$236
41 years$15,827$9,838$5,898$3,437$1,961$200
42 years$15,278$9,370$5,533$3,172$1,780$170
43 years$14,755$8,927$5,192$2,928$1,615$144
44 years$14,258$8,510$4,873$2,704$1,466$122
45 years$13,784$8,115$4,576$2,497$1,331$104
46 years$13,332$7,741$4,298$2,307$1,209$88
47 years$12,900$7,387$4,038$2,131$1,097$75
48 years$12,488$7,052$3,794$1,969$997$63
49 years$12,094$6,735$3,567$1,820$905$54
50 years$11,716$6,433$3,353$1,682$822$46

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 $5,613 every year, while hoping to spend $41,316 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: 52/24/24 Blend
56$12,000,000$12,000,000$12,000,000$12,000,000
57$13,229,790$12,593,790$12,407,790$13,829,018
58$14,535,268$13,166,926$12,779,491$14,817,222
59$15,972,521$13,766,760$13,162,259$15,886,883
60$17,554,945$14,394,559$13,556,422$17,049,602
61$19,297,303$15,051,646$13,962,316$18,314,256
62$21,215,862$15,739,410$14,380,287$19,690,603
63$23,328,547$16,459,307$14,810,693$21,189,369
64$25,655,108$17,212,863$15,253,900$22,822,348
65$28,217,310$18,001,674$15,710,287$24,602,507
66$31,039,136$18,827,417$16,180,243$26,544,108
67$34,147,014$19,691,847$16,664,167$28,662,837
68$37,570,065$20,596,803$17,162,472$30,975,947
69$41,340,379$21,544,213$17,675,582$33,502,417
70$45,493,317$22,536,099$18,203,934$36,263,129
71$50,067,846$23,574,579$18,747,976$39,281,055
72$55,106,905$24,661,871$19,308,171$42,581,475
73$60,657,809$25,800,303$19,884,996$46,192,209
74$66,772,701$26,992,314$20,478,939$50,143,869
75$73,509,038$28,240,458$21,090,504$54,470,151
76$80,930,135$29,547,416$21,720,211$59,208,139
77$89,105,763$30,915,994$22,368,593$64,398,655
78$98,112,810$32,349,136$23,036,199$70,086,636
79$108,036,001$33,849,928$23,723,596$76,321,550
80$118,968,701$35,421,602$24,431,364$83,157,857
81$131,013,796$37,067,549$25,160,103$90,655,519
82$144,284,666$38,791,321$25,910,429$98,880,551
83$158,906,249$40,596,644$26,682,976$107,905,646
84$175,016,227$42,487,420$27,478,396$117,810,845
85$192,766,322$44,467,743$28,297,362$128,684,287
86$212,323,727$46,541,902$29,140,564$140,623,034
87$233,872,687$48,714,395$30,008,713$153,733,973
88$257,616,237$50,989,937$30,902,541$168,134,820
89$283,778,119$53,373,469$31,822,801$183,955,220
90$312,604,890$55,870,172$32,770,268$201,337,957
91$344,368,256$58,485,479$33,745,740$220,440,294
92$379,367,633$61,225,081$34,750,036$241,435,445
93$417,932,971$64,094,949$35,784,002$264,514,199
94$460,427,873$67,101,341$36,848,505$289,886,705
95$507,253,026$70,250,817$37,944,440$317,784,446
96$558,849,982$73,550,255$39,072,726$348,462,410
97$615,705,328$77,006,865$40,234,310$382,201,481
98$678,355,278$80,628,207$41,430,166$419,311,075
99$747,390,734$84,422,208$42,661,295$460,132,049
100$823,462,869$88,397,176$43,928,728$505,039,897