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

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$956,720
2 years$502,833$493,468$484,392$475,592$467,057$442,926
3 years$331,892$322,487$313,434$304,717$296,320$272,912
4 years$246,438$237,062$228,100$219,531$211,338$188,833
5 years$195,180$185,859$177,015$168,621$160,656$139,116
6 years$161,018$151,768$143,054$134,848$127,121$106,569
7 years$136,627$127,455$118,879$110,866$103,384$83,821
8 years$118,342$109,252$100,818$93,002$85,767$67,185
9 years$104,127$95,124$86,835$79,217$72,228$54,612
10 years$92,762$83,847$75,705$68,286$61,542$44,871
11 years$83,470$74,644$66,649$59,429$52,928$37,179
12 years$75,732$66,996$59,149$52,128$45,866$31,012
13 years$69,189$60,545$52,846$46,021$39,996$26,008
14 years$63,586$55,034$47,482$40,852$35,061$21,907
15 years$58,735$50,274$42,870$36,433$30,870$18,520
16 years$54,494$46,126$38,868$32,622$27,283$15,703
17 years$50,755$42,480$35,369$29,310$24,191$13,348
18 years$47,436$39,254$32,287$26,415$21,510$11,370
19 years$44,470$36,380$29,557$23,868$19,172$9,703
20 years$41,804$33,806$27,126$21,617$17,125$8,292
21 years$39,395$31,489$24,951$19,619$15,325$7,095
22 years$37,207$29,394$22,996$17,838$13,736$6,078
23 years$35,213$27,491$21,233$16,245$12,331$5,211
24 years$33,388$25,758$19,637$14,817$11,083$4,471
25 years$31,711$24,172$18,187$13,531$9,973$3,839
26 years$30,166$22,718$16,868$12,372$8,983$3,298
27 years$28,738$21,380$15,663$11,325$8,099$2,835
28 years$27,414$20,147$14,561$10,376$7,308$2,437
29 years$26,184$19,006$13,550$9,515$6,599$2,097
30 years$25,037$17,949$12,622$8,732$5,963$1,804
31 years$23,967$16,968$11,767$8,020$5,391$1,553
32 years$22,966$16,055$10,979$7,371$4,876$1,337
33 years$22,027$15,204$10,251$6,778$4,413$1,151
34 years$21,146$14,410$9,578$6,236$3,996$991
35 years$20,317$13,668$8,955$5,741$3,619$854
36 years$19,535$12,973$8,377$5,287$3,279$735
37 years$18,798$12,321$7,841$4,871$2,972$634
38 years$18,101$11,710$7,342$4,490$2,694$546
39 years$17,441$11,135$6,879$4,140$2,443$470
40 years$16,816$10,594$6,448$3,819$2,216$405
41 years$16,223$10,084$6,046$3,523$2,010$349
42 years$15,660$9,604$5,671$3,251$1,824$301
43 years$15,124$9,151$5,322$3,001$1,656$259
44 years$14,614$8,722$4,995$2,771$1,503$224
45 years$14,128$8,318$4,690$2,559$1,364$193
46 years$13,665$7,935$4,405$2,364$1,239$166
47 years$13,223$7,572$4,139$2,184$1,125$143
48 years$12,800$7,229$3,889$2,018$1,022$123
49 years$12,396$6,903$3,656$1,865$928$106
50 years$12,009$6,594$3,437$1,724$843$92

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 $5,926 every year, while hoping to spend $46,099 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: 68/7/25 Blend
56$12,300,000$12,300,000$12,300,000$12,300,000
57$13,560,713$12,908,813$12,718,163$14,395,309
58$14,894,856$13,492,296$13,095,172$15,539,795
59$16,363,538$14,102,824$13,483,266$16,785,596
60$17,980,431$14,741,675$13,882,768$18,147,493
61$19,760,603$15,410,185$14,294,009$19,636,959
62$21,720,657$16,109,757$14,717,331$21,266,628
63$23,878,888$16,841,858$15,153,085$23,050,408
64$26,255,454$17,608,029$15,601,633$25,003,612
65$28,872,568$18,409,880$16,063,346$27,143,099
66$31,754,709$19,249,103$16,538,607$29,487,435
67$34,928,848$20,127,468$17,027,808$32,057,064
68$38,424,706$21,046,830$17,531,356$34,874,499
69$42,275,035$22,009,134$18,049,666$37,964,533
70$46,515,925$23,016,417$18,583,165$41,354,470
71$51,187,144$24,070,816$19,132,296$45,074,383
72$56,332,514$25,174,568$19,697,510$49,157,391
73$62,000,328$26,330,018$20,279,273$53,639,975
74$68,243,798$27,539,626$20,878,065$58,562,316
75$75,121,564$28,805,966$21,494,379$63,968,672
76$82,698,245$30,131,740$22,128,722$69,907,796
77$91,045,046$31,519,776$22,781,615$76,433,390
78$100,240,437$32,973,041$23,453,595$83,604,610
79$110,370,885$34,494,643$24,145,214$91,486,623
80$121,531,674$36,087,840$24,857,038$100,151,219
81$133,827,808$37,756,047$25,589,651$109,677,483
82$147,374,994$39,502,843$26,343,654$120,152,541
83$162,300,740$41,331,979$27,119,664$131,672,378
84$178,745,558$43,247,389$27,918,315$144,342,739
85$196,864,287$45,253,193$28,740,261$158,280,127
86$216,827,557$47,353,712$29,586,172$173,612,895
87$238,823,398$49,553,474$30,456,739$190,482,459
88$263,059,017$51,857,227$31,352,672$209,044,622
89$289,762,752$54,269,946$32,274,702$229,471,046
90$319,186,227$56,796,847$33,223,578$251,950,866
91$351,606,727$59,443,398$34,200,074$276,692,469
92$387,329,820$62,215,331$35,204,982$303,925,460
93$426,692,232$65,118,653$36,239,120$333,902,824
94$470,065,036$68,159,663$37,303,327$366,903,306
95$517,857,148$71,344,964$38,398,466$403,234,038
96$570,519,187$74,681,478$39,525,425$443,233,437
97$628,547,733$78,176,459$40,685,116$487,274,388
98$692,490,012$81,837,516$41,878,478$535,767,761
99$762,949,062$85,672,623$43,106,475$589,166,284
100$840,589,424$89,690,139$44,370,100$647,968,808