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

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$990,949$982,122$973,510$965,105$956,897$952,865
2 years$490,569$481,432$472,578$463,993$455,665$451,595
3 years$323,797$314,621$305,789$297,285$289,093$285,110
4 years$240,428$231,280$222,536$214,177$206,183$202,318
5 years$190,419$181,326$172,697$164,508$156,737$153,002
6 years$157,091$148,067$139,565$131,559$124,021$120,420
7 years$133,294$124,346$115,979$108,162$100,862$97,397
8 years$115,455$106,588$98,360$90,734$83,675$80,347
9 years$101,588$92,804$84,717$77,285$70,466$67,274
10 years$90,500$81,802$73,858$66,621$60,041$56,983
11 years$81,434$72,823$65,024$57,980$51,637$48,711
12 years$73,885$65,362$57,707$50,856$44,748$41,952
13 years$67,502$59,068$51,557$44,898$39,021$36,353
14 years$62,035$53,692$46,324$39,856$34,205$31,662
15 years$57,302$49,048$41,825$35,544$30,117$27,695
16 years$53,165$45,001$37,920$31,826$26,618$24,314
17 years$49,518$41,444$34,506$28,595$23,601$21,412
18 years$46,279$38,296$31,499$25,770$20,985$18,908
19 years$43,385$35,493$28,836$23,286$18,704$16,735
20 years$40,784$32,981$26,464$21,090$16,707$14,841
21 years$38,434$30,721$24,342$19,140$14,951$13,186
22 years$36,300$28,677$22,435$17,403$13,401$11,733
23 years$34,354$26,821$20,715$15,849$12,030$10,454
24 years$32,574$25,129$19,158$14,455$10,813$9,326
25 years$30,938$23,583$17,744$13,201$9,730$8,328
26 years$29,430$22,164$16,457$12,071$8,764$7,444
27 years$28,037$20,859$15,281$11,049$7,902$6,660
28 years$26,745$19,655$14,206$10,123$7,130$5,962
29 years$25,545$18,542$13,220$9,283$6,438$5,341
30 years$24,427$17,511$12,314$8,519$5,817$4,788
31 years$23,383$16,554$11,480$7,824$5,259$4,294
32 years$22,406$15,663$10,711$7,191$4,757$3,853
33 years$21,490$14,834$10,001$6,613$4,305$3,458
34 years$20,630$14,059$9,344$6,084$3,898$3,105
35 years$19,821$13,335$8,736$5,601$3,531$2,790
36 years$19,059$12,656$8,172$5,158$3,199$2,506
37 years$18,339$12,021$7,649$4,753$2,899$2,253
38 years$17,659$11,424$7,163$4,381$2,629$2,025
39 years$17,016$10,863$6,711$4,039$2,384$1,821
40 years$16,406$10,335$6,290$3,725$2,162$1,638
41 years$15,827$9,838$5,898$3,437$1,961$1,473
42 years$15,278$9,370$5,533$3,172$1,780$1,325
43 years$14,755$8,927$5,192$2,928$1,615$1,192
44 years$14,258$8,510$4,873$2,704$1,466$1,073
45 years$13,784$8,115$4,576$2,497$1,331$966
46 years$13,332$7,741$4,298$2,307$1,209$869
47 years$12,900$7,387$4,038$2,131$1,097$782
48 years$12,488$7,052$3,794$1,969$997$704
49 years$12,094$6,735$3,567$1,820$905$634
50 years$11,716$6,433$3,353$1,682$822$571

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $12,000,000, adding $3,455 every year, while hoping to spend $54,655 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: 56/20/24 Blend
56$12,000,000$12,000,000$12,000,000$12,000,000
57$13,227,564$12,591,564$12,405,564$13,881,513
58$14,518,623$13,150,398$12,762,998$14,888,779
59$15,939,538$13,734,783$13,130,574$15,979,569
60$17,503,497$14,345,914$13,508,574$17,166,836
61$19,225,031$14,985,041$13,897,289$18,459,880
62$21,120,151$15,653,474$14,297,015$19,868,933
63$23,206,499$16,352,588$14,708,058$21,405,245
64$25,503,516$17,083,818$15,130,731$23,081,192
65$28,032,622$17,848,673$15,565,358$24,910,391
66$30,817,421$18,648,729$16,012,269$26,907,820
67$33,883,922$19,485,641$16,471,804$29,089,963
68$37,260,785$20,361,140$16,944,312$31,474,954
69$40,979,589$21,277,040$17,430,151$34,082,753
70$45,075,135$22,235,243$17,929,689$36,935,326
71$49,585,769$23,237,740$18,443,304$40,056,848
72$54,553,746$24,286,618$18,971,383$43,473,931
73$60,025,629$25,384,063$19,514,325$47,215,867
74$66,052,727$26,532,366$20,072,539$51,314,902
75$72,691,580$27,733,927$20,646,444$55,806,536
76$80,004,493$28,991,261$21,236,472$60,729,852
77$88,060,122$30,307,004$21,843,064$66,127,884
78$96,934,123$31,683,915$22,466,675$72,048,011
79$106,709,866$33,124,889$23,107,771$78,542,406
80$117,479,221$34,632,957$23,766,830$85,668,520
81$129,343,426$36,211,297$24,444,343$93,489,616
82$142,414,041$37,863,237$25,140,815$102,075,364
83$156,814,004$39,592,266$25,856,763$111,502,492
84$172,678,785$41,402,040$26,592,717$121,855,501
85$190,157,671$43,296,390$27,349,223$133,227,457
86$209,415,172$45,279,331$28,126,840$145,720,864
87$230,632,572$47,355,070$28,926,142$159,448,622
88$254,009,644$49,528,019$29,747,718$174,535,087
89$279,766,533$51,802,797$30,592,171$191,117,233
90$308,145,833$54,184,248$31,460,123$209,345,941
91$339,414,881$56,677,448$32,352,209$229,387,412
92$373,868,273$59,287,718$33,269,083$251,424,728
93$411,830,653$62,020,633$34,211,414$275,659,568
94$453,659,773$64,882,036$35,179,889$302,314,103
95$499,749,868$67,878,054$36,175,213$331,633,087
96$550,535,381$71,015,106$37,198,110$363,886,149
97$606,495,065$74,299,921$38,249,322$399,370,331
98$668,156,496$77,739,552$39,329,608$438,412,883
99$736,101,059$81,341,390$40,439,751$481,374,332
100$810,969,435$85,113,186$41,580,551$528,651,881