Can I retire at age 57 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$941,401$933,016$924,835$916,849$909,052$885,639
2 years$466,040$457,361$448,949$440,793$432,882$409,449
3 years$307,607$298,890$290,500$282,420$274,638$251,919
4 years$228,406$219,716$211,409$203,468$195,874$174,043
5 years$180,898$172,260$164,062$156,283$148,900$128,019
6 years$149,236$140,663$132,587$124,981$117,820$97,907
7 years$126,630$118,129$110,180$102,754$95,819$76,877
8 years$109,682$101,258$93,442$86,197$79,491$61,512
9 years$96,508$88,163$80,481$73,421$66,943$49,910
10 years$85,975$77,712$70,165$63,290$57,039$40,931
11 years$77,362$69,182$61,772$55,081$49,055$33,849
12 years$70,191$62,094$54,821$48,313$42,510$28,179
13 years$64,127$56,115$48,979$42,653$37,070$23,585
14 years$58,934$51,007$44,008$37,863$32,495$19,825
15 years$54,437$46,596$39,733$33,767$28,611$16,725
16 years$50,506$42,751$36,024$30,235$25,287$14,151
17 years$47,042$39,372$32,781$27,166$22,421$12,003
18 years$43,965$36,381$29,924$24,482$19,936$10,201
19 years$41,216$33,718$27,394$22,121$17,769$8,686
20 years$38,745$31,332$25,141$20,035$15,872$7,406
21 years$36,512$29,185$23,125$18,183$14,203$6,322
22 years$34,485$27,243$21,313$16,533$12,731$5,403
23 years$32,637$25,480$19,679$15,057$11,428$4,622
24 years$30,945$23,873$18,200$13,733$10,272$3,956
25 years$29,391$22,404$16,857$12,541$9,243$3,389
26 years$27,959$21,056$15,634$11,467$8,326$2,904
27 years$26,635$19,816$14,517$10,496$7,507$2,490
28 years$25,408$18,672$13,496$9,617$6,773$2,136
29 years$24,268$17,615$12,559$8,819$6,116$1,833
30 years$23,205$16,636$11,698$8,093$5,526$1,573
31 years$22,214$15,726$10,906$7,433$4,996$1,351
32 years$21,286$14,880$10,175$6,831$4,520$1,160
33 years$20,416$14,092$9,501$6,282$4,090$996
34 years$19,599$13,356$8,877$5,780$3,703$856
35 years$18,830$12,668$8,299$5,321$3,354$735
36 years$18,106$12,024$7,764$4,900$3,039$632
37 years$17,422$11,420$7,267$4,515$2,754$543
38 years$16,776$10,853$6,805$4,162$2,497$466
39 years$16,165$10,320$6,376$3,837$2,264$401
40 years$15,586$9,819$5,976$3,539$2,054$345
41 years$15,036$9,346$5,603$3,265$1,863$296
42 years$14,514$8,901$5,256$3,014$1,691$255
43 years$14,017$8,481$4,932$2,782$1,535$219
44 years$13,545$8,084$4,630$2,569$1,393$188
45 years$13,095$7,709$4,347$2,372$1,264$162
46 years$12,665$7,354$4,083$2,191$1,148$139
47 years$12,255$7,018$3,836$2,024$1,043$120
48 years$11,863$6,700$3,605$1,871$947$103
49 years$11,489$6,398$3,388$1,729$860$88
50 years$11,130$6,111$3,185$1,598$781$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,400,000, adding $2,319 every year, while hoping to spend $36,017 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: 24/47/29 Blend
56$11,400,000$11,400,000$11,400,000$11,400,000
57$12,565,192$11,960,992$11,784,292$12,752,162
58$13,808,520$12,508,759$12,140,744$13,460,227
59$15,177,460$13,082,159$12,507,930$14,215,108
60$16,684,787$13,682,411$12,886,172$15,023,144
61$18,344,576$14,310,790$13,275,800$15,888,786
62$20,172,340$14,968,636$13,677,156$16,816,898
63$22,185,169$15,657,349$14,090,591$17,812,798
64$24,401,896$16,378,400$14,516,466$18,882,300
65$26,843,276$17,133,328$14,955,154$20,031,763
66$29,532,177$17,923,747$15,407,038$21,268,146
67$32,493,799$18,751,350$15,872,513$22,599,068
68$35,755,910$19,617,910$16,351,986$24,032,867
69$39,349,110$20,525,286$16,845,876$25,578,680
70$43,307,119$21,475,424$17,354,612$27,246,515
71$47,667,094$22,470,369$17,878,640$29,047,337
72$52,469,979$23,512,258$18,418,416$30,993,170
73$57,760,895$24,603,337$18,974,411$33,097,193
74$63,589,563$25,745,957$19,547,110$35,373,861
75$70,010,771$26,942,582$20,137,012$37,839,030
76$77,084,898$28,195,797$20,744,630$40,510,097
77$84,878,476$29,508,309$21,370,494$43,406,152
78$93,464,824$30,882,959$22,015,148$46,548,150
79$102,924,733$32,322,722$22,679,153$49,959,094
80$113,347,239$33,830,718$23,363,087$53,664,243
81$124,830,451$35,410,217$24,067,545$57,691,337
82$137,482,488$37,064,649$24,793,138$62,070,844
83$151,422,492$38,797,606$25,540,498$66,836,237
84$166,781,755$40,612,858$26,310,274$72,024,291
85$183,704,959$42,514,353$27,103,133$77,675,421
86$202,351,540$44,506,232$27,919,764$83,834,041
87$222,897,197$46,592,837$28,760,875$90,548,973
88$245,535,543$48,778,718$29,627,197$97,873,887
89$270,479,940$51,068,646$30,519,479$105,867,790
90$297,965,508$53,467,624$31,438,496$114,595,565
91$328,251,347$55,980,895$32,385,043$124,128,563
92$361,622,983$58,613,957$33,359,940$134,545,255
93$398,395,060$61,372,574$34,364,031$145,931,954
94$438,914,315$64,262,789$35,398,185$158,383,606
95$483,562,847$67,290,938$36,463,296$172,004,658
96$532,761,727$70,463,663$37,560,286$186,910,029
97$586,974,969$73,787,929$38,690,102$203,226,157
98$646,713,916$77,271,038$39,853,720$221,092,177
99$712,542,062$80,920,645$41,052,146$240,661,196
100$785,080,374$84,744,778$42,286,415$262,101,715