Can I retire at age 57 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$924,886$916,647$908,609$900,764$893,104$880,121
2 years$457,864$449,337$441,073$433,060$425,287$412,235
3 years$302,211$293,647$285,403$277,466$269,820$257,103
4 years$224,399$215,861$207,700$199,898$192,438$180,155
5 years$177,725$169,238$161,184$153,541$146,288$134,475
6 years$146,618$138,195$130,261$122,788$115,753$104,423
7 years$124,408$116,056$108,247$100,951$94,138$83,295
8 years$107,758$99,482$91,802$84,685$78,097$67,739
9 years$94,815$86,617$79,069$72,133$65,769$55,892
10 years$84,467$76,348$68,934$62,179$56,038$46,635
11 years$76,005$67,969$60,689$54,115$48,195$39,255
12 years$68,959$61,005$53,860$47,466$41,764$33,279
13 years$63,002$55,131$48,120$41,905$36,419$28,375
14 years$57,900$50,112$43,236$37,199$31,925$24,309
15 years$53,482$45,778$39,036$33,175$28,109$20,909
16 years$49,620$42,001$35,392$29,704$24,843$18,045
17 years$46,216$38,681$32,205$26,689$22,028$15,616
18 years$43,194$35,743$29,399$24,052$19,586$13,547
19 years$40,493$33,126$26,914$21,733$17,457$11,776
20 years$38,065$30,783$24,700$19,684$15,593$10,254
21 years$35,871$28,673$22,719$17,864$13,954$8,943
22 years$33,880$26,765$20,939$16,243$12,508$7,809
23 years$32,064$25,033$19,334$14,793$11,228$6,827
24 years$30,402$23,454$17,881$13,492$10,092$5,974
25 years$28,875$22,010$16,561$12,321$9,081$5,232
26 years$27,468$20,686$15,359$11,266$8,180$4,586
27 years$26,168$19,468$14,263$10,312$7,375$4,022
28 years$24,962$18,345$13,259$9,448$6,655$3,529
29 years$23,842$17,306$12,339$8,664$6,009$3,099
30 years$22,798$16,344$11,493$7,951$5,429$2,722
31 years$21,824$15,450$10,715$7,303$4,909$2,391
32 years$20,912$14,619$9,997$6,711$4,440$2,102
33 years$20,058$13,845$9,334$6,172$4,018$1,848
34 years$19,255$13,122$8,721$5,679$3,638$1,625
35 years$18,500$12,446$8,154$5,227$3,295$1,430
36 years$17,788$11,813$7,628$4,814$2,986$1,258
37 years$17,117$11,219$7,139$4,436$2,706$1,107
38 years$16,482$10,662$6,686$4,089$2,453$974
39 years$15,881$10,139$6,264$3,770$2,225$857
40 years$15,312$9,646$5,871$3,477$2,018$755
41 years$14,772$9,182$5,505$3,208$1,831$664
42 years$14,259$8,745$5,164$2,961$1,661$585
43 years$13,771$8,332$4,846$2,733$1,508$515
44 years$13,307$7,942$4,549$2,524$1,368$454
45 years$12,865$7,574$4,271$2,331$1,242$400
46 years$12,443$7,225$4,011$2,153$1,128$352
47 years$12,040$6,895$3,769$1,989$1,024$310
48 years$11,655$6,582$3,541$1,838$930$273
49 years$11,287$6,286$3,329$1,698$845$240
50 years$10,935$6,004$3,130$1,570$767$212

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,200,000, adding $3,622 every year, while hoping to spend $33,365 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: 48/44/8 Blend
56$11,200,000$11,200,000$11,200,000$11,200,000
57$12,346,136$11,752,536$11,578,936$12,912,186
58$13,569,942$12,292,910$11,931,330$13,840,953
59$14,917,458$12,858,645$12,294,412$14,844,957
60$16,401,266$13,450,946$12,668,503$15,934,229
61$18,035,234$14,071,081$13,053,936$17,116,717
62$19,834,639$14,720,375$13,451,054$18,401,142
63$21,816,317$15,400,218$13,860,209$19,797,081
64$23,998,821$16,112,068$14,281,765$21,315,049
65$26,402,593$16,857,452$14,716,097$22,966,597
66$29,050,160$17,637,970$15,163,589$24,764,410
67$31,966,346$18,455,301$15,624,639$26,722,428
68$35,178,505$19,311,202$16,099,656$28,855,963
69$38,716,779$20,207,517$16,589,061$31,181,848
70$42,614,384$21,146,179$17,093,288$33,718,579
71$46,907,923$22,129,213$17,612,785$36,486,489
72$51,637,729$23,158,742$18,148,010$39,507,931
73$56,848,248$24,236,992$18,699,440$42,807,483
74$62,588,461$25,366,296$19,267,562$46,412,170
75$68,912,338$26,549,098$19,852,880$50,351,711
76$75,879,355$27,787,963$20,455,911$54,658,792
77$83,555,055$29,085,579$21,077,189$59,369,368
78$92,011,660$30,444,761$21,717,264$64,522,987
79$101,328,759$31,868,465$22,376,702$70,163,159
80$111,594,058$33,359,785$23,056,087$76,337,753
81$122,904,204$34,921,967$23,756,018$83,099,442
82$135,365,704$36,558,414$24,477,116$90,506,182
83$149,095,922$38,272,693$25,220,016$98,621,757
84$164,224,195$40,068,543$25,985,375$107,516,358
85$180,893,047$41,949,886$26,773,869$117,267,242
86$199,259,538$43,920,831$27,586,194$127,959,443
87$219,496,746$45,985,687$28,423,067$139,686,560
88$241,795,401$48,148,972$29,285,226$152,551,627
89$266,365,683$50,415,423$30,173,433$166,668,071
90$293,439,210$52,790,006$31,088,469$182,160,765
91$323,271,219$55,277,926$32,031,143$199,167,190
92$356,142,981$57,884,642$33,002,284$217,838,715
93$392,364,453$60,615,877$34,002,748$238,342,007
94$432,277,204$63,477,632$35,033,417$260,860,585
95$476,257,640$66,476,198$36,095,198$285,596,533
96$524,720,558$69,618,170$37,189,026$312,772,382
97$578,123,060$72,910,465$38,315,863$342,633,194
98$636,968,868$76,360,334$39,476,701$375,448,847
99$701,813,083$79,975,380$40,672,560$411,516,560
100$773,267,419$83,763,576$41,904,493$451,163,673