Can I retire at age 57 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$999,207$990,306$981,623$973,147$964,871$929,528
2 years$494,657$485,444$476,516$467,859$459,462$424,248
3 years$326,495$317,243$308,337$299,762$291,502$257,524
4 years$242,431$233,207$224,391$215,962$207,902$175,419
5 years$192,006$182,837$174,136$165,879$158,043$127,141
6 years$158,400$149,300$140,728$132,655$125,054$95,755
7 years$134,405$125,382$116,946$109,063$101,703$73,998
8 years$116,417$107,476$99,179$91,490$84,372$58,238
9 years$102,434$93,577$85,423$77,929$71,054$46,455
10 years$91,254$82,484$74,474$67,176$60,541$37,434
11 years$82,113$73,430$65,565$58,463$52,067$30,403
12 years$74,500$65,907$58,188$51,280$45,121$24,845
13 years$68,064$59,561$51,987$45,273$39,346$20,403
14 years$62,552$54,139$46,710$40,188$34,490$16,821
15 years$57,780$49,457$42,173$35,841$30,368$13,912
16 years$53,608$45,376$38,236$32,091$26,839$11,536
17 years$49,930$41,789$34,793$28,834$23,798$9,586
18 years$46,665$38,615$31,762$25,985$21,160$7,980
19 years$43,747$35,788$29,077$23,480$18,860$6,652
20 years$41,124$33,256$26,685$21,265$16,846$5,552
21 years$38,754$30,977$24,545$19,300$15,076$4,638
22 years$36,602$28,916$22,622$17,548$13,513$3,878
23 years$34,641$27,044$20,887$15,981$12,130$3,245
24 years$32,845$25,339$19,317$14,576$10,903$2,716
25 years$31,196$23,779$17,892$13,311$9,811$2,275
26 years$29,676$22,349$16,594$12,171$8,837$1,906
27 years$28,271$21,033$15,409$11,141$7,968$1,598
28 years$26,968$19,819$14,324$10,207$7,189$1,340
29 years$25,758$18,697$13,330$9,360$6,492$1,124
30 years$24,630$17,657$12,416$8,590$5,866$942
31 years$23,578$16,692$11,576$7,890$5,303$791
32 years$22,593$15,794$10,800$7,251$4,797$663
33 years$21,669$14,957$10,084$6,668$4,341$557
34 years$20,802$14,176$9,422$6,135$3,931$467
35 years$19,986$13,446$8,809$5,647$3,560$392
36 years$19,218$12,762$8,241$5,201$3,226$329
37 years$18,492$12,121$7,713$4,792$2,924$276
38 years$17,806$11,519$7,223$4,417$2,650$232
39 years$17,158$10,954$6,767$4,073$2,403$195
40 years$16,543$10,421$6,343$3,757$2,180$163
41 years$15,959$9,920$5,948$3,466$1,978$137
42 years$15,405$9,448$5,579$3,199$1,795$115
43 years$14,878$9,002$5,235$2,953$1,629$97
44 years$14,377$8,581$4,914$2,726$1,478$81
45 years$13,899$8,182$4,614$2,518$1,342$68
46 years$13,443$7,806$4,334$2,326$1,219$57
47 years$13,008$7,449$4,071$2,149$1,107$48
48 years$12,592$7,111$3,826$1,985$1,005$40
49 years$12,194$6,791$3,596$1,835$913$34
50 years$11,814$6,487$3,381$1,696$829$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,100,000, adding $6,447 every year, while hoping to spend $35,781 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: 29/50/21 Blend
56$12,100,000$12,100,000$12,100,000$12,100,000
57$13,340,850$12,699,550$12,512,000$13,639,518
58$14,663,546$13,283,757$12,893,081$14,454,083
59$16,119,958$13,895,392$13,285,730$15,325,617
60$17,723,687$14,535,759$13,690,295$16,261,890
61$19,489,720$15,206,228$14,107,137$17,268,487
62$21,434,572$15,908,234$14,536,627$18,351,520
63$23,576,442$16,643,281$14,979,147$19,517,676
64$25,935,382$17,412,945$15,435,091$20,774,276
65$28,533,489$18,218,877$15,904,865$22,129,337
66$31,395,113$19,062,811$16,388,887$23,591,639
67$34,547,086$19,946,560$16,887,586$25,170,802
68$38,018,975$20,872,028$17,401,406$26,877,370
69$41,843,362$21,841,208$17,930,804$28,722,900
70$46,056,149$22,856,191$18,476,250$30,720,065
71$50,696,900$23,919,168$19,038,229$32,882,763
72$55,809,213$25,032,437$19,617,239$35,226,241
73$61,441,131$26,198,405$20,213,794$37,767,226
74$67,645,595$27,419,595$20,828,425$40,524,076
75$74,480,945$28,698,654$21,461,676$43,516,941
76$82,011,468$30,038,355$22,114,109$46,767,944
77$90,308,009$31,441,606$22,786,303$50,301,375
78$99,448,635$32,911,454$23,478,854$54,143,912
79$109,519,375$34,451,094$24,192,375$58,324,856
80$120,615,031$36,063,877$24,927,499$62,876,398
81$132,840,071$37,753,314$25,684,877$67,833,909
82$146,309,618$39,523,086$26,465,179$73,236,254
83$161,150,534$41,377,052$27,269,098$79,126,152
84$177,502,619$43,319,259$28,097,344$85,550,556
85$195,519,931$45,353,947$28,950,650$92,561,085
86$215,372,239$47,485,565$29,829,771$100,214,488
87$237,246,624$49,718,775$30,735,485$108,573,169
88$261,349,248$52,058,463$31,668,592$117,705,749
89$287,907,299$54,509,756$32,629,918$127,687,702
90$317,171,135$57,078,026$33,620,312$138,602,037
91$349,416,647$59,768,905$34,640,649$150,540,071
92$384,947,864$62,588,300$35,691,829$163,602,257
93$424,099,823$65,542,404$36,774,782$177,899,116
94$467,241,731$68,637,707$37,890,463$193,552,253
95$514,780,451$71,881,018$39,039,857$210,695,476
96$567,164,342$75,279,473$40,223,977$229,476,036
97$624,887,493$78,840,556$41,443,869$250,055,985
98$688,494,386$82,572,111$42,700,607$272,613,679
99$758,585,035$86,482,367$43,995,299$297,345,425
100$835,820,654$90,579,948$45,329,086$324,467,305