Can I retire at age 57 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$825,791$818,435$811,258$804,254$797,414$780,676
2 years$408,807$401,194$393,815$386,660$379,721$362,936
3 years$269,831$262,184$254,824$247,737$240,911$224,603
4 years$200,356$192,733$185,447$178,481$171,819$156,115
5 years$158,683$151,105$143,914$137,090$130,614$115,557
6 years$130,909$123,389$116,304$109,632$103,351$88,957
7 years$111,079$103,622$96,649$90,135$84,052$70,325
8 years$96,213$88,823$81,966$75,612$69,729$56,664
9 years$84,656$77,336$70,598$64,404$58,722$46,310
10 years$75,417$68,168$61,549$55,517$50,034$38,263
11 years$67,862$60,686$54,186$48,317$43,031$31,885
12 years$61,571$54,469$48,089$42,380$37,290$26,753
13 years$56,251$49,224$42,964$37,415$32,517$22,571
14 years$51,696$44,743$38,604$33,213$28,505$19,129
15 years$47,752$40,874$34,854$29,620$25,098$16,273
16 years$44,304$37,501$31,600$26,522$22,181$13,887
17 years$41,265$34,537$28,755$23,830$19,668$11,882
18 years$38,566$31,914$26,250$21,475$17,487$10,188
19 years$36,155$29,577$24,030$19,405$15,587$8,752
20 years$33,987$27,484$22,054$17,575$13,923$7,531
21 years$32,028$25,601$20,285$15,950$12,459$6,488
22 years$30,250$23,897$18,696$14,502$11,168$5,597
23 years$28,629$22,351$17,262$13,208$10,025$4,832
24 years$27,145$20,941$15,965$12,046$9,011$4,176
25 years$25,782$19,652$14,787$11,001$8,108$3,611
26 years$24,525$18,470$13,714$10,059$7,304$3,125
27 years$23,364$17,382$12,734$9,207$6,585$2,706
28 years$22,288$16,379$11,838$8,436$5,942$2,344
29 years$21,288$15,452$11,017$7,736$5,365$2,031
30 years$20,356$14,593$10,262$7,099$4,848$1,760
31 years$19,486$13,795$9,567$6,520$4,383$1,527
32 years$18,672$13,053$8,926$5,992$3,965$1,324
33 years$17,909$12,361$8,334$5,510$3,588$1,149
34 years$17,192$11,716$7,787$5,070$3,248$997
35 years$16,518$11,112$7,280$4,667$2,942$865
36 years$15,882$10,547$6,810$4,298$2,666$751
37 years$15,283$10,017$6,374$3,960$2,416$652
38 years$14,716$9,520$5,969$3,650$2,190$566
39 years$14,180$9,053$5,593$3,366$1,986$491
40 years$13,672$8,613$5,242$3,105$1,802$427
41 years$13,189$8,199$4,915$2,864$1,635$370
42 years$12,731$7,808$4,611$2,643$1,483$322
43 years$12,296$7,439$4,327$2,440$1,346$279
44 years$11,881$7,091$4,061$2,253$1,222$243
45 years$11,486$6,762$3,813$2,081$1,109$211
46 years$11,110$6,451$3,582$1,922$1,007$183
47 years$10,750$6,156$3,365$1,776$914$159
48 years$10,406$5,877$3,162$1,641$830$138
49 years$10,078$5,612$2,972$1,516$754$120
50 years$9,763$5,361$2,794$1,402$685$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,000,000, adding $6,777 every year, while hoping to spend $20,929 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: 40/44/16 Blend
56$10,000,000$10,000,000$10,000,000$10,000,000
57$11,026,990$10,496,990$10,341,990$11,415,366
58$12,129,475$10,989,075$10,666,179$12,184,057
59$13,343,712$11,504,570$11,000,526$13,012,560
60$14,681,077$12,044,600$11,345,350$13,908,396
61$16,154,108$12,610,346$11,700,980$14,877,691
62$17,776,617$13,203,044$12,067,753$15,927,160
63$19,563,828$13,823,989$12,446,020$17,064,171
64$21,532,516$14,474,542$12,836,139$18,296,803
65$23,701,165$15,156,127$13,238,482$19,633,924
66$26,090,145$15,870,238$13,653,432$21,085,267
67$28,721,902$16,618,441$14,081,383$22,661,513
68$31,621,170$17,402,380$14,522,744$24,374,391
69$34,815,208$18,223,774$14,977,934$26,236,781
70$38,334,050$19,084,431$15,447,387$28,262,827
71$42,210,797$19,986,241$15,931,548$30,468,067
72$46,481,922$20,931,191$16,430,879$32,869,570
73$51,187,619$21,921,361$16,945,854$35,486,094
74$56,372,181$22,958,931$17,476,964$38,338,249
75$62,084,415$24,046,191$18,024,715$41,448,692
76$68,378,109$25,185,538$18,589,626$44,842,323
77$75,312,534$26,379,487$19,172,236$48,546,520
78$82,953,005$27,630,675$19,773,099$52,591,383
79$91,371,501$28,941,867$20,392,787$57,010,009
80$100,647,337$30,315,962$21,031,889$61,838,798
81$110,867,922$31,756,000$21,691,013$67,117,783
82$122,129,574$33,265,168$22,370,786$72,890,995
83$134,538,438$34,846,809$23,071,855$79,206,873
84$148,211,483$36,504,427$23,794,887$86,118,705
85$163,277,608$38,241,698$24,540,569$93,685,120
86$179,878,857$40,062,474$25,309,611$101,970,626
87$198,171,761$41,970,796$26,102,744$111,046,210
88$218,328,818$43,970,902$26,920,723$120,989,987
89$240,540,116$46,067,235$27,764,326$131,887,929
90$265,015,132$48,264,453$28,634,354$143,834,656
91$291,984,706$50,567,443$29,531,637$156,934,315
92$321,703,226$52,981,327$30,457,026$171,301,546
93$354,451,021$55,511,478$31,411,402$187,062,542
94$390,537,014$58,163,529$32,395,673$204,356,229
95$430,301,636$60,943,389$33,410,775$223,335,548
96$474,120,040$63,857,252$34,457,672$244,168,888
97$522,405,641$66,911,614$35,537,362$267,041,644
98$575,614,023$70,113,290$36,650,870$292,157,953
99$634,247,234$73,469,422$37,799,255$319,742,590
100$698,858,531$76,987,502$38,983,609$350,043,069