Can I retire at age 57 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,007,465$998,491$989,735$981,190$972,845$940,199
2 years$498,745$489,456$480,454$471,726$463,260$430,691
3 years$329,194$319,865$310,886$302,239$293,911$262,443
4 years$244,435$235,135$226,245$217,746$209,620$179,493
5 years$193,593$184,348$175,575$167,250$159,350$130,644
6 years$159,709$150,534$141,891$133,751$126,088$98,826
7 years$135,516$126,419$117,912$109,964$102,543$76,722
8 years$117,379$108,364$99,999$92,246$85,069$60,669
9 years$103,281$94,350$86,129$78,573$71,641$48,631
10 years$92,008$83,165$75,089$67,731$61,042$39,386
11 years$82,791$74,037$66,107$58,946$52,498$32,155
12 years$75,116$66,452$58,669$51,704$45,493$26,417
13 years$68,627$60,053$52,416$45,647$39,671$21,813
14 years$63,069$54,586$47,096$40,520$34,776$18,084
15 years$58,257$49,866$42,522$36,137$30,619$15,042
16 years$54,051$45,751$38,552$32,357$27,061$12,545
17 years$50,343$42,135$35,081$29,072$23,994$10,486
18 years$47,051$38,934$32,024$26,200$21,335$8,781
19 years$44,109$36,084$29,317$23,674$19,016$7,365
20 years$41,464$33,531$26,906$21,441$16,986$6,185
21 years$39,074$31,233$24,748$19,459$15,200$5,199
22 years$36,905$29,155$22,809$17,693$13,625$4,374
23 years$34,927$27,268$21,060$16,113$12,230$3,683
24 years$33,116$25,548$19,477$14,696$10,993$3,103
25 years$31,453$23,976$18,040$13,421$9,892$2,616
26 years$29,921$22,533$16,731$12,272$8,910$2,206
27 years$28,504$21,206$15,536$11,233$8,033$1,861
28 years$27,191$19,983$14,443$10,292$7,249$1,571
29 years$25,971$18,851$13,440$9,438$6,545$1,326
30 years$24,834$17,803$12,519$8,661$5,914$1,119
31 years$23,772$16,830$11,671$7,955$5,347$945
32 years$22,779$15,925$10,889$7,311$4,837$798
33 years$21,848$15,081$10,167$6,723$4,377$674
34 years$20,974$14,293$9,500$6,186$3,963$570
35 years$20,152$13,557$8,882$5,694$3,590$481
36 years$19,376$12,867$8,309$5,244$3,252$407
37 years$18,645$12,221$7,777$4,832$2,948$344
38 years$17,954$11,614$7,283$4,454$2,672$290
39 years$17,299$11,044$6,823$4,106$2,423$245
40 years$16,679$10,508$6,395$3,788$2,198$207
41 years$16,091$10,002$5,997$3,495$1,994$175
42 years$15,532$9,526$5,625$3,225$1,809$148
43 years$15,001$9,076$5,278$2,977$1,642$125
44 years$14,495$8,651$4,955$2,749$1,491$106
45 years$14,013$8,250$4,652$2,539$1,353$89
46 years$13,554$7,870$4,370$2,345$1,229$76
47 years$13,115$7,511$4,105$2,166$1,116$64
48 years$12,696$7,170$3,858$2,002$1,013$54
49 years$12,295$6,847$3,626$1,850$920$46
50 years$11,911$6,540$3,409$1,710$836$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,200,000, adding $4,400 every year, while hoping to spend $25,134 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: 63/9/28 Blend
56$12,200,000$12,200,000$12,200,000$12,200,000
57$13,448,939$12,802,339$12,613,239$14,195,394
58$14,793,988$13,402,911$13,009,040$15,302,886
59$16,275,390$14,032,069$13,417,258$16,508,959
60$17,907,026$14,691,186$13,838,282$17,825,870
61$19,704,193$15,381,705$14,272,515$19,264,491
62$21,683,746$16,105,134$14,720,369$20,836,787
63$23,864,260$16,863,057$15,182,274$22,555,926
64$26,266,202$17,657,135$15,658,668$24,436,403
65$28,912,129$18,489,108$16,150,007$26,494,173
66$31,826,893$19,360,801$16,656,759$28,746,800
67$35,037,883$20,274,128$17,179,408$31,213,617
68$38,575,281$21,231,094$17,718,451$33,915,914
69$42,472,344$22,233,802$18,274,405$36,877,126
70$46,765,723$23,284,458$18,847,797$40,123,061
71$51,495,805$24,385,375$19,439,176$43,682,133
72$56,707,094$25,538,975$20,049,106$47,585,634
73$62,448,635$26,747,802$20,678,168$51,868,021
74$68,774,471$28,014,520$21,326,962$56,567,239
75$75,744,159$29,341,923$21,996,107$61,725,080
76$83,423,327$30,732,942$22,686,241$67,387,568
77$91,884,299$32,190,648$23,398,022$73,605,395
78$101,206,772$33,718,264$24,132,130$80,434,391
79$111,478,570$35,319,166$24,889,264$87,936,053
80$122,796,476$36,996,897$25,670,146$96,178,115
81$135,267,141$38,755,170$26,475,521$105,235,187
82$149,008,096$40,597,880$27,306,157$115,189,456
83$164,148,854$42,529,109$28,162,846$126,131,453
84$180,832,141$44,553,139$29,046,405$138,160,908
85$199,215,237$46,674,459$29,957,676$151,387,680
86$219,471,462$48,897,779$30,897,529$165,932,797
87$241,791,814$51,228,033$31,866,860$181,929,586
88$266,386,772$53,670,399$32,866,592$199,524,929
89$293,488,279$56,230,305$33,897,680$218,880,645
90$323,351,937$58,913,444$34,961,106$240,175,010
91$356,259,415$61,725,784$36,057,883$263,604,432
92$392,521,112$64,673,584$37,189,059$289,385,302
93$432,479,084$67,763,408$38,355,711$317,756,028
94$476,510,275$71,002,139$39,558,952$348,979,280
95$525,030,075$74,396,996$40,799,929$383,344,459
96$578,496,240$77,955,546$42,079,824$421,170,425
97$637,413,217$81,685,728$43,399,858$462,808,497
98$702,336,902$85,595,866$44,761,290$508,645,762
99$773,879,890$89,694,687$46,165,418$559,108,721
100$852,717,259$93,991,347$47,613,579$614,667,303