Can I retire at age 57 with 11,300,000?

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 $11,300,000?

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$933,143$924,831$916,722$908,807$901,078$878,938
2 years$461,952$453,349$445,011$436,926$429,085$406,916
3 years$304,909$296,268$287,951$279,943$272,229$250,724
4 years$226,403$217,789$209,555$201,683$194,156$173,480
5 years$179,311$170,749$162,623$154,912$147,594$127,806
6 years$147,927$139,429$131,424$123,884$116,786$97,905
7 years$125,519$117,093$109,214$101,852$94,979$77,006
8 years$108,720$100,370$92,622$85,441$78,794$61,723
9 years$95,662$87,390$79,775$72,777$66,356$50,172
10 years$85,221$77,030$69,550$62,734$56,538$41,223
11 years$76,684$68,575$61,231$54,598$48,625$34,156
12 years$69,575$61,550$54,341$47,890$42,137$28,491
13 years$63,564$55,623$48,550$42,279$36,745$23,893
14 years$58,417$50,560$43,622$37,531$32,210$20,126
15 years$53,959$46,187$39,385$33,471$28,360$17,014
16 years$50,063$42,376$35,708$29,970$25,065$14,427
17 years$46,629$39,027$32,493$26,927$22,224$12,263
18 years$43,580$36,062$29,662$24,267$19,761$10,446
19 years$40,855$33,422$27,154$21,927$17,613$8,914
20 years$38,405$31,057$24,921$19,859$15,732$7,618
21 years$36,192$28,929$22,922$18,024$14,079$6,518
22 years$34,182$27,004$21,126$16,388$12,620$5,584
23 years$32,350$25,256$19,506$14,925$11,328$4,787
24 years$30,673$23,664$18,040$13,612$10,182$4,108
25 years$29,133$22,207$16,709$12,431$9,162$3,527
26 years$27,714$20,871$15,497$11,367$8,253$3,030
27 years$26,402$19,642$14,390$10,404$7,441$2,604
28 years$25,185$18,509$13,377$9,532$6,714$2,239
29 years$24,055$17,461$12,449$8,741$6,063$1,926
30 years$23,002$16,490$11,596$8,022$5,478$1,657
31 years$22,019$15,588$10,810$7,368$4,953$1,426
32 years$21,099$14,750$10,086$6,771$4,480$1,228
33 years$20,237$13,968$9,417$6,227$4,054$1,057
34 years$19,427$13,239$8,799$5,729$3,671$911
35 years$18,665$12,557$8,227$5,274$3,325$784
36 years$17,947$11,918$7,696$4,857$3,012$676
37 years$17,269$11,320$7,203$4,475$2,730$582
38 years$16,629$10,758$6,745$4,125$2,475$501
39 years$16,023$10,229$6,320$3,803$2,245$432
40 years$15,449$9,732$5,923$3,508$2,036$372
41 years$14,904$9,264$5,554$3,237$1,847$321
42 years$14,387$8,823$5,210$2,987$1,676$277
43 years$13,894$8,407$4,889$2,757$1,521$238
44 years$13,426$8,013$4,589$2,546$1,381$205
45 years$12,980$7,641$4,309$2,351$1,253$177
46 years$12,554$7,290$4,047$2,172$1,138$153
47 years$12,148$6,956$3,802$2,007$1,033$132
48 years$11,759$6,641$3,573$1,854$938$113
49 years$11,388$6,342$3,358$1,714$852$98
50 years$11,033$6,058$3,157$1,584$774$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,300,000, adding $3,182 every year, while hoping to spend $31,709 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: 88/5/7 Blend
56$11,300,000$11,300,000$11,300,000$11,300,000
57$12,455,882$11,856,982$11,681,832$13,545,927
58$13,692,644$12,404,236$12,039,435$14,803,364
59$15,054,493$12,977,243$12,407,956$16,180,846
60$16,554,154$13,577,231$12,787,725$17,694,204
61$18,205,650$14,205,487$13,179,086$19,357,131
62$20,024,432$14,863,362$13,582,391$21,184,706
63$22,027,527$15,552,269$13,998,004$23,193,542
64$24,233,696$16,273,692$14,426,299$25,401,937
65$26,663,615$17,029,184$14,867,661$27,830,052
66$29,340,064$17,820,375$15,322,489$30,500,093
67$32,288,150$18,648,973$15,791,191$33,436,526
68$35,535,535$19,516,767$16,274,190$36,666,301
69$39,112,705$20,425,633$16,771,921$40,219,113
70$43,053,251$21,377,539$17,284,830$44,127,672
71$47,394,191$22,374,547$17,813,380$48,428,018
72$52,176,316$23,418,817$18,358,046$53,159,858
73$57,444,577$24,512,617$18,919,318$58,366,938
74$63,248,509$25,658,320$19,497,700$64,097,453
75$69,642,696$26,858,417$20,093,712$70,404,509
76$76,687,289$28,115,518$20,707,890$77,346,612
77$84,448,574$29,432,359$21,340,786$84,988,227
78$92,999,595$30,811,811$21,992,967$93,400,379
79$102,420,843$32,256,879$22,665,021$102,661,329
80$112,801,020$33,770,717$23,357,551$112,857,304
81$124,237,872$35,356,631$24,071,177$124,083,314
82$136,839,115$37,018,085$24,806,541$136,444,043
83$150,723,447$38,758,714$25,564,303$150,054,841
84$166,021,674$40,582,326$26,345,142$165,042,806
85$182,877,939$42,492,914$27,149,759$181,547,983
86$201,451,088$44,494,667$27,978,875$199,724,687
87$221,916,166$46,591,972$28,833,234$219,742,952
88$244,466,069$48,789,433$29,713,602$241,790,140
89$269,313,368$51,091,875$30,620,767$266,072,703
90$296,692,312$53,504,357$31,555,543$292,818,132
91$326,861,040$56,032,183$32,518,767$322,277,098
92$360,104,022$58,680,916$33,511,301$354,725,822
93$396,734,737$61,456,386$34,534,034$390,468,676
94$437,098,638$64,364,707$35,587,883$429,841,053
95$481,576,412$67,412,290$36,673,789$473,212,531
96$530,587,570$70,605,856$37,792,725$520,990,361
97$584,594,413$73,952,454$38,945,693$573,623,304
98$644,106,392$77,459,473$40,133,722$631,605,868
99$709,684,918$81,134,661$41,357,875$695,482,972
100$781,948,663$84,986,143$42,619,248$765,855,084