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

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$999,207$990,306$981,623$973,147$964,871$934,733
2 years$494,657$485,444$476,516$467,859$459,462$429,368
3 years$326,495$317,243$308,337$299,762$291,502$262,394
4 years$242,431$233,207$224,391$215,962$207,902$180,004
5 years$192,006$182,837$174,136$165,879$158,043$131,430
6 years$158,400$149,300$140,728$132,655$125,054$99,749
7 years$134,405$125,382$116,946$109,063$101,703$77,704
8 years$116,417$107,476$99,179$91,490$84,372$61,663
9 years$102,434$93,577$85,423$77,929$71,054$49,610
10 years$91,254$82,484$74,474$67,176$60,541$40,331
11 years$82,113$73,430$65,565$58,463$52,067$33,054
12 years$74,500$65,907$58,188$51,280$45,121$27,264
13 years$68,064$59,561$51,987$45,273$39,346$22,604
14 years$62,552$54,139$46,710$40,188$34,490$18,818
15 years$57,780$49,457$42,173$35,841$30,368$15,719
16 years$53,608$45,376$38,236$32,091$26,839$13,167
17 years$49,930$41,789$34,793$28,834$23,798$11,055
18 years$46,665$38,615$31,762$25,985$21,160$9,299
19 years$43,747$35,788$29,077$23,480$18,860$7,834
20 years$41,124$33,256$26,685$21,265$16,846$6,609
21 years$38,754$30,977$24,545$19,300$15,076$5,582
22 years$36,602$28,916$22,622$17,548$13,513$4,718
23 years$34,641$27,044$20,887$15,981$12,130$3,992
24 years$32,845$25,339$19,317$14,576$10,903$3,379
25 years$31,196$23,779$17,892$13,311$9,811$2,862
26 years$29,676$22,349$16,594$12,171$8,837$2,425
27 years$28,271$21,033$15,409$11,141$7,968$2,056
28 years$26,968$19,819$14,324$10,207$7,189$1,744
29 years$25,758$18,697$13,330$9,360$6,492$1,479
30 years$24,630$17,657$12,416$8,590$5,866$1,255
31 years$23,578$16,692$11,576$7,890$5,303$1,065
32 years$22,593$15,794$10,800$7,251$4,797$904
33 years$21,669$14,957$10,084$6,668$4,341$767
34 years$20,802$14,176$9,422$6,135$3,931$652
35 years$19,986$13,446$8,809$5,647$3,560$553
36 years$19,218$12,762$8,241$5,201$3,226$470
37 years$18,492$12,121$7,713$4,792$2,924$399
38 years$17,806$11,519$7,223$4,417$2,650$339
39 years$17,158$10,954$6,767$4,073$2,403$288
40 years$16,543$10,421$6,343$3,757$2,180$244
41 years$15,959$9,920$5,948$3,466$1,978$208
42 years$15,405$9,448$5,579$3,199$1,795$176
43 years$14,878$9,002$5,235$2,953$1,629$150
44 years$14,377$8,581$4,914$2,726$1,478$127
45 years$13,899$8,182$4,614$2,518$1,342$108
46 years$13,443$7,806$4,334$2,326$1,219$92
47 years$13,008$7,449$4,071$2,149$1,107$78
48 years$12,592$7,111$3,826$1,985$1,005$66
49 years$12,194$6,791$3,596$1,835$913$56
50 years$11,814$6,487$3,381$1,696$829$48

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 $2,806 every year, while hoping to spend $21,045 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: 53/17/30 Blend
56$12,100,000$12,100,000$12,100,000$12,100,000
57$13,337,094$12,695,794$12,508,244$13,931,676
58$14,675,086$13,295,497$12,904,879$14,944,897
59$16,148,848$13,923,879$13,314,095$16,044,650
60$17,772,206$14,582,324$13,736,293$17,241,164
61$19,560,396$15,272,283$14,171,884$18,543,724
62$21,530,207$15,995,276$14,621,292$19,962,538
63$23,700,140$16,752,897$15,084,958$21,508,833
64$26,090,583$17,546,817$15,563,333$23,194,955
65$28,724,002$18,378,790$16,056,883$25,034,482
66$31,625,153$19,250,654$16,566,092$27,042,351
67$34,821,317$20,164,334$17,091,455$29,234,994
68$38,342,558$21,121,853$17,633,485$31,630,488
69$42,222,003$22,125,328$18,192,711$34,248,724
70$46,496,160$23,176,982$18,769,679$37,111,591
71$51,205,257$24,279,143$19,364,952$40,243,173
72$56,393,627$25,434,254$19,979,111$43,669,980
73$62,110,121$26,644,877$20,612,756$47,421,186
74$68,408,575$27,913,698$21,266,505$51,528,906
75$75,348,313$29,243,532$21,940,996$56,028,488
76$82,994,708$30,637,333$22,636,887$60,958,846
77$91,419,804$32,098,197$23,354,858$66,362,820
78$100,702,987$33,629,373$24,095,609$72,287,573
79$110,931,744$35,234,264$24,859,864$78,785,033
80$122,202,482$36,916,442$25,648,369$85,912,377
81$134,621,438$38,679,652$26,461,893$93,732,560
82$148,305,690$40,527,819$27,301,231$102,314,908
83$163,384,250$42,465,062$28,167,202$111,735,762
84$179,999,291$44,495,698$29,060,652$122,079,192
85$198,307,487$46,624,256$29,982,452$133,437,781
86$218,481,490$48,855,483$30,933,503$145,913,495
87$240,711,559$51,194,359$31,914,733$159,618,634
88$265,207,363$53,646,107$32,927,100$174,676,883
89$292,199,949$56,216,202$33,971,594$191,224,473
90$321,943,935$58,910,387$35,049,233$209,411,455
91$354,719,904$61,734,684$36,161,070$229,403,107
92$390,837,059$64,695,408$37,308,191$251,381,486
93$430,636,140$67,799,184$38,491,716$275,547,132
94$474,492,638$71,052,956$39,712,801$302,120,952
95$522,820,345$74,464,008$40,972,637$331,346,294
96$576,075,256$78,039,980$42,272,456$363,491,230
97$634,759,876$81,788,883$43,613,527$398,851,076
98$699,427,962$85,719,118$44,997,160$437,751,164
99$770,689,755$89,839,495$46,424,705$480,549,901
100$849,217,735$94,159,255$47,897,558$527,642,136