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%17.5%
1 years$990,949$982,122$973,510$965,105$956,897$927,752
2 years$490,569$481,432$472,578$463,993$455,665$426,553
3 years$323,797$314,621$305,789$297,285$289,093$260,925
4 years$240,428$231,280$222,536$214,177$206,183$179,177
5 years$190,419$181,326$172,697$164,508$156,737$130,965
6 years$157,091$148,067$139,565$131,559$124,021$99,505
7 years$133,294$124,346$115,979$108,162$100,862$77,602
8 years$115,455$106,588$98,360$90,734$83,675$61,655
9 years$101,588$92,804$84,717$77,285$70,466$49,663
10 years$90,500$81,802$73,858$66,621$60,041$40,425
11 years$81,434$72,823$65,024$57,980$51,637$33,174
12 years$73,885$65,362$57,707$50,856$44,748$27,399
13 years$67,502$59,068$51,557$44,898$39,021$22,747
14 years$62,035$53,692$46,324$39,856$34,205$18,963
15 years$57,302$49,048$41,825$35,544$30,117$15,863
16 years$53,165$45,001$37,920$31,826$26,618$13,307
17 years$49,518$41,444$34,506$28,595$23,601$11,188
18 years$46,279$38,296$31,499$25,770$20,985$9,425
19 years$43,385$35,493$28,836$23,286$18,704$7,953
20 years$40,784$32,981$26,464$21,090$16,707$6,719
21 years$38,434$30,721$24,342$19,140$14,951$5,684
22 years$36,300$28,677$22,435$17,403$13,401$4,812
23 years$34,354$26,821$20,715$15,849$12,030$4,077
24 years$32,574$25,129$19,158$14,455$10,813$3,457
25 years$30,938$23,583$17,744$13,201$9,730$2,933
26 years$29,430$22,164$16,457$12,071$8,764$2,489
27 years$28,037$20,859$15,281$11,049$7,902$2,114
28 years$26,745$19,655$14,206$10,123$7,130$1,796
29 years$25,545$18,542$13,220$9,283$6,438$1,526
30 years$24,427$17,511$12,314$8,519$5,817$1,297
31 years$23,383$16,554$11,480$7,824$5,259$1,102
32 years$22,406$15,663$10,711$7,191$4,757$937
33 years$21,490$14,834$10,001$6,613$4,305$797
34 years$20,630$14,059$9,344$6,084$3,898$678
35 years$19,821$13,335$8,736$5,601$3,531$576
36 years$19,059$12,656$8,172$5,158$3,199$490
37 years$18,339$12,021$7,649$4,753$2,899$417
38 years$17,659$11,424$7,163$4,381$2,629$355
39 years$17,016$10,863$6,711$4,039$2,384$302
40 years$16,406$10,335$6,290$3,725$2,162$257
41 years$15,827$9,838$5,898$3,437$1,961$219
42 years$15,278$9,370$5,533$3,172$1,780$186
43 years$14,755$8,927$5,192$2,928$1,615$158
44 years$14,258$8,510$4,873$2,704$1,466$135
45 years$13,784$8,115$4,576$2,497$1,331$115
46 years$13,332$7,741$4,298$2,307$1,209$97
47 years$12,900$7,387$4,038$2,131$1,097$83
48 years$12,488$7,052$3,794$1,969$997$71
49 years$12,094$6,735$3,567$1,820$905$60
50 years$11,716$6,433$3,353$1,682$822$51

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 $6,968 every year, while hoping to spend $55,927 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: 77/8/15 Blend
56$12,000,000$12,000,000$12,000,000$12,000,000
57$13,231,187$12,595,187$12,409,187$14,207,285
58$14,521,263$13,152,846$12,765,389$15,409,819
59$15,941,051$13,735,955$13,131,650$16,720,445
60$17,503,725$14,345,703$13,508,246$18,156,157
61$19,223,796$14,983,334$13,895,464$19,729,419
62$21,117,258$15,650,152$14,293,597$21,453,957
63$23,201,731$16,347,522$14,702,945$23,344,884
64$25,496,631$17,076,874$15,123,817$25,418,843
65$28,023,354$17,839,707$15,556,531$27,694,164
66$30,805,473$18,637,590$16,001,412$30,191,033
67$33,868,966$19,472,167$16,458,794$32,931,683
68$37,242,457$20,345,159$16,929,020$35,940,600
69$40,957,488$21,258,373$17,412,443$39,244,756
70$45,048,816$22,213,698$17,909,424$42,873,858
71$49,554,740$23,213,113$18,420,335$46,860,627
72$54,517,463$24,258,695$18,945,555$51,241,109
73$59,983,490$25,352,617$19,485,477$56,055,008
74$66,004,067$26,497,156$20,040,502$61,346,062
75$72,635,664$27,694,699$20,611,041$67,162,452
76$79,940,509$28,947,746$21,197,517$73,557,257
77$87,987,171$30,258,916$21,800,365$80,588,949
78$96,851,215$31,630,955$22,420,028$88,321,944
79$106,615,905$33,066,738$23,056,966$96,827,212
80$117,372,998$34,569,279$23,711,645$106,182,935
81$129,223,607$36,141,737$24,384,548$116,475,252
82$142,279,152$37,787,419$25,076,168$127,799,063
83$156,662,417$39,509,794$25,787,011$140,258,924
84$172,508,705$41,312,496$26,517,597$153,970,031
85$189,967,116$43,199,331$27,268,460$169,059,305
86$209,201,955$45,174,291$28,040,146$185,666,583
87$230,394,280$47,241,557$28,833,217$203,945,940
88$253,743,614$49,405,512$29,648,248$224,067,137
89$279,469,828$51,670,747$30,485,829$246,217,219
90$307,815,214$54,042,077$31,346,568$270,602,279
91$339,046,772$56,524,545$32,231,084$297,449,398
92$373,458,732$59,123,437$33,140,015$327,008,786
93$411,375,332$61,844,295$34,074,014$359,556,136
94$453,153,875$64,692,924$35,033,753$395,395,227
95$499,188,105$67,675,412$36,019,918$434,860,783
96$549,911,921$70,798,136$37,033,215$478,321,632
97$605,803,475$74,067,783$38,074,366$526,184,177
98$667,389,684$77,491,360$39,144,112$578,896,233
99$735,251,206$81,076,210$40,243,214$636,951,245
100$810,027,918$84,830,033$41,372,450$700,892,941