Can I retire at age 57 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$971,790
2 years$502,833$493,468$484,392$475,592$467,057$457,959
3 years$331,892$322,487$313,434$304,717$296,320$287,437
4 years$246,438$237,062$228,100$219,531$211,338$202,737
5 years$195,180$185,859$177,015$168,621$160,656$152,363
6 years$161,018$151,768$143,054$134,848$127,121$119,146
7 years$136,627$127,455$118,879$110,866$103,384$95,730
8 years$118,342$109,252$100,818$93,002$85,767$78,435
9 years$104,127$95,124$86,835$79,217$72,228$65,215
10 years$92,762$83,847$75,705$68,286$61,542$54,844
11 years$83,470$74,644$66,649$59,429$52,928$46,539
12 years$75,732$66,996$59,149$52,128$45,866$39,781
13 years$69,189$60,545$52,846$46,021$39,996$34,207
14 years$63,586$55,034$47,482$40,852$35,061$29,560
15 years$58,735$50,274$42,870$36,433$30,870$25,651
16 years$54,494$46,126$38,868$32,622$27,283$22,336
17 years$50,755$42,480$35,369$29,310$24,191$19,508
18 years$47,436$39,254$32,287$26,415$21,510$17,081
19 years$44,470$36,380$29,557$23,868$19,172$14,989
20 years$41,804$33,806$27,126$21,617$17,125$13,178
21 years$39,395$31,489$24,951$19,619$15,325$11,605
22 years$37,207$29,394$22,996$17,838$13,736$10,234
23 years$35,213$27,491$21,233$16,245$12,331$9,036
24 years$33,388$25,758$19,637$14,817$11,083$7,988
25 years$31,711$24,172$18,187$13,531$9,973$7,067
26 years$30,166$22,718$16,868$12,372$8,983$6,258
27 years$28,738$21,380$15,663$11,325$8,099$5,546
28 years$27,414$20,147$14,561$10,376$7,308$4,918
29 years$26,184$19,006$13,550$9,515$6,599$4,364
30 years$25,037$17,949$12,622$8,732$5,963$3,874
31 years$23,967$16,968$11,767$8,020$5,391$3,440
32 years$22,966$16,055$10,979$7,371$4,876$3,056
33 years$22,027$15,204$10,251$6,778$4,413$2,716
34 years$21,146$14,410$9,578$6,236$3,996$2,415
35 years$20,317$13,668$8,955$5,741$3,619$2,148
36 years$19,535$12,973$8,377$5,287$3,279$1,910
37 years$18,798$12,321$7,841$4,871$2,972$1,700
38 years$18,101$11,710$7,342$4,490$2,694$1,513
39 years$17,441$11,135$6,879$4,140$2,443$1,346
40 years$16,816$10,594$6,448$3,819$2,216$1,198
41 years$16,223$10,084$6,046$3,523$2,010$1,067
42 years$15,660$9,604$5,671$3,251$1,824$950
43 years$15,124$9,151$5,322$3,001$1,656$846
44 years$14,614$8,722$4,995$2,771$1,503$753
45 years$14,128$8,318$4,690$2,559$1,364$671
46 years$13,665$7,935$4,405$2,364$1,239$598
47 years$13,223$7,572$4,139$2,184$1,125$532
48 years$12,800$7,229$3,889$2,018$1,022$474
49 years$12,396$6,903$3,656$1,865$928$423
50 years$12,009$6,594$3,437$1,724$843$376

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,300,000, adding $5,441 every year, while hoping to spend $36,576 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: 53/30/17 Blend
56$12,300,000$12,300,000$12,300,000$12,300,000
57$13,560,212$12,908,312$12,717,662$14,216,235
58$14,904,437$13,501,903$13,104,788$15,259,478
59$16,384,548$14,123,354$13,503,655$16,389,692
60$18,014,365$14,773,991$13,914,621$17,618,657
61$19,809,118$15,455,206$14,338,049$18,955,771
62$21,785,592$16,168,454$14,774,317$20,411,359
63$23,962,278$16,915,264$15,223,813$21,996,773
64$26,359,554$17,697,236$15,686,934$23,724,487
65$28,999,876$18,516,048$16,164,094$25,608,219
66$31,907,988$19,373,459$16,655,716$27,663,046
67$35,111,156$20,271,311$17,162,235$29,905,553
68$38,639,427$21,211,538$17,684,103$32,353,974
69$42,525,909$22,196,165$18,221,782$35,028,367
70$46,807,089$23,227,314$18,775,748$37,950,793
71$51,523,170$24,307,210$19,346,494$41,145,520
72$56,718,457$25,438,187$19,934,525$44,639,249
73$62,441,771$26,622,689$20,540,363$48,461,354
74$68,746,911$27,863,280$21,164,544$52,644,159
75$75,693,161$29,162,647$21,807,622$57,223,232
76$83,345,852$30,523,605$22,470,166$62,237,717
77$91,776,976$31,949,108$23,152,763$67,730,693
78$101,065,864$33,442,251$23,856,017$73,749,575
79$111,299,939$35,006,278$24,580,551$80,346,555
80$122,575,538$36,644,592$25,327,005$87,579,083
81$134,998,824$38,360,757$26,096,040$95,510,400
82$148,686,783$40,158,513$26,888,336$104,210,132
83$163,768,333$42,041,779$27,704,594$113,754,930
84$180,385,539$44,014,662$28,545,534$124,229,190
85$198,694,955$46,081,472$29,411,901$135,725,833
86$218,869,099$48,246,723$30,304,458$148,347,176
87$241,098,085$50,515,149$31,223,995$162,205,887
88$265,591,413$52,891,716$32,171,322$177,426,031
89$292,579,953$55,381,625$33,147,277$194,144,234
90$322,318,118$57,990,335$34,152,721$212,510,957
91$355,086,268$60,723,563$35,188,539$232,691,905
92$391,193,358$63,587,309$36,255,646$254,869,572
93$430,979,853$66,587,859$37,354,982$279,244,955
94$474,820,940$69,731,806$38,487,517$306,039,432
95$523,130,074$73,026,063$39,654,247$335,496,835
96$576,362,878$76,477,877$40,856,200$367,885,737
97$635,021,445$80,094,845$42,094,436$403,501,967
98$699,659,076$83,884,937$43,370,043$442,671,388
99$770,885,507$87,856,504$44,684,145$485,752,946
100$849,372,662$92,018,306$46,037,897$533,142,045