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%13.1%
1 years$1,007,465$998,491$989,735$981,190$972,845$960,290
2 years$498,745$489,456$480,454$471,726$463,260$450,629
3 years$329,194$319,865$310,886$302,239$293,911$281,597
4 years$244,435$235,135$226,245$217,746$209,620$197,717
5 years$193,593$184,348$175,575$167,250$159,350$147,893
6 years$159,709$150,534$141,891$133,751$126,088$115,091
7 years$135,516$126,419$117,912$109,964$102,543$92,010
8 years$117,379$108,364$99,999$92,246$85,069$74,999
9 years$103,281$94,350$86,129$78,573$71,641$62,029
10 years$92,008$83,165$75,089$67,731$61,042$51,881
11 years$82,791$74,037$66,107$58,946$52,498$43,781
12 years$75,116$66,452$58,669$51,704$45,493$37,210
13 years$68,627$60,053$52,416$45,647$39,671$31,810
14 years$63,069$54,586$47,096$40,520$34,776$27,325
15 years$58,257$49,866$42,522$36,137$30,619$23,567
16 years$54,051$45,751$38,552$32,357$27,061$20,395
17 years$50,343$42,135$35,081$29,072$23,994$17,700
18 years$47,051$38,934$32,024$26,200$21,335$15,399
19 years$44,109$36,084$29,317$23,674$19,016$13,425
20 years$41,464$33,531$26,906$21,441$16,986$11,725
21 years$39,074$31,233$24,748$19,459$15,200$10,256
22 years$36,905$29,155$22,809$17,693$13,625$8,984
23 years$34,927$27,268$21,060$16,113$12,230$7,878
24 years$33,116$25,548$19,477$14,696$10,993$6,915
25 years$31,453$23,976$18,040$13,421$9,892$6,076
26 years$29,921$22,533$16,731$12,272$8,910$5,342
27 years$28,504$21,206$15,536$11,233$8,033$4,700
28 years$27,191$19,983$14,443$10,292$7,249$4,138
29 years$25,971$18,851$13,440$9,438$6,545$3,645
30 years$24,834$17,803$12,519$8,661$5,914$3,212
31 years$23,772$16,830$11,671$7,955$5,347$2,831
32 years$22,779$15,925$10,889$7,311$4,837$2,497
33 years$21,848$15,081$10,167$6,723$4,377$2,203
34 years$20,974$14,293$9,500$6,186$3,963$1,944
35 years$20,152$13,557$8,882$5,694$3,590$1,715
36 years$19,376$12,867$8,309$5,244$3,252$1,514
37 years$18,645$12,221$7,777$4,832$2,948$1,337
38 years$17,954$11,614$7,283$4,454$2,672$1,181
39 years$17,299$11,044$6,823$4,106$2,423$1,043
40 years$16,679$10,508$6,395$3,788$2,198$921
41 years$16,091$10,002$5,997$3,495$1,994$814
42 years$15,532$9,526$5,625$3,225$1,809$719
43 years$15,001$9,076$5,278$2,977$1,642$635
44 years$14,495$8,651$4,955$2,749$1,491$561
45 years$14,013$8,250$4,652$2,539$1,353$496
46 years$13,554$7,870$4,370$2,345$1,229$438
47 years$13,115$7,511$4,105$2,166$1,116$387
48 years$12,696$7,170$3,858$2,002$1,013$342
49 years$12,295$6,847$3,626$1,850$920$303
50 years$11,911$6,540$3,409$1,710$836$268

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 $4,308 every year, while hoping to spend $33,073 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: 71/21/8 Blend
56$12,200,000$12,200,000$12,200,000$12,200,000
57$13,448,844$12,802,244$12,613,144$14,385,326
58$14,785,436$13,394,364$13,000,495$15,596,951
59$16,257,253$14,014,390$13,399,713$16,918,218
60$17,878,052$14,663,654$13,811,162$18,363,505
61$19,662,992$15,343,552$14,235,216$19,945,015
62$21,628,780$16,055,549$14,672,258$21,676,171
63$23,793,824$16,801,179$15,122,687$23,571,748
64$26,178,407$17,582,050$15,586,910$25,648,004
65$28,804,883$18,399,849$16,065,350$27,922,836
66$31,697,882$19,256,343$16,558,440$30,415,940
67$34,884,547$20,153,384$17,066,629$33,148,997
68$38,394,785$21,092,915$17,590,376$36,145,876
69$42,261,557$22,076,972$18,130,157$39,432,851
70$46,521,180$23,107,688$18,686,462$43,038,851
71$51,213,677$24,187,301$19,259,794$46,995,722
72$56,383,149$25,318,156$19,850,675$51,338,533
73$62,078,197$26,502,711$20,459,639$56,105,893
74$68,352,374$27,743,545$21,087,238$61,340,318
75$75,264,696$29,043,359$21,734,040$67,088,627
76$82,880,198$30,404,986$22,400,633$73,402,375
77$91,270,543$31,831,396$23,087,620$80,338,338
78$100,514,706$33,325,701$23,795,622$87,959,044
79$110,699,712$34,891,167$24,525,281$96,333,357
80$121,921,462$36,531,214$25,277,258$105,537,120
81$134,285,638$38,249,430$26,052,233$115,653,866
82$147,908,698$40,049,577$26,850,907$126,775,603
83$162,918,976$41,935,597$27,674,004$139,003,669
84$179,457,896$43,911,626$28,522,267$152,449,690
85$197,681,303$45,981,997$29,396,465$167,236,621
86$217,760,937$48,151,256$30,297,388$183,499,901
87$239,886,052$50,424,167$31,225,849$201,388,724
88$264,265,204$52,805,725$32,182,690$221,067,438
89$291,128,218$55,301,170$33,168,774$242,717,088
90$320,728,361$57,915,992$34,184,992$266,537,120
91$353,344,728$60,655,950$35,232,264$292,747,247
92$389,284,880$63,527,081$36,311,534$321,589,520
93$428,887,746$66,535,716$37,423,779$353,330,598
94$472,526,822$69,688,492$38,570,001$388,264,259
95$520,613,698$72,992,368$39,751,236$426,714,157
96$573,601,943$76,454,642$40,968,551$469,036,870
97$631,991,388$80,082,966$42,223,044$515,625,251
98$696,332,840$83,885,362$43,515,846$566,912,126
99$767,233,287$87,870,243$44,848,125$623,374,364
100$845,361,627$92,046,429$46,221,082$685,537,366