Can I retire at age 57 with 10,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$842,306$834,804$827,484$820,339$813,362$805,875
2 years$416,983$409,217$401,691$394,394$387,315$379,771
3 years$275,228$267,428$259,921$252,692$245,729$238,362
4 years$204,364$196,588$189,156$182,050$175,256$168,123
5 years$161,856$154,127$146,793$139,832$133,227$126,349
6 years$133,527$125,857$118,630$111,825$105,418$98,804
7 years$113,300$105,694$98,582$91,937$85,733$79,386
8 years$98,137$90,599$83,606$77,124$71,124$65,043
9 years$86,349$78,883$72,009$65,692$59,896$54,081
10 years$76,925$69,532$62,779$56,628$51,035$45,480
11 years$69,219$61,900$55,270$49,283$43,892$38,594
12 years$62,802$55,558$49,051$43,228$38,036$32,989
13 years$57,377$50,208$43,824$38,164$33,168$28,367
14 years$52,730$45,638$39,376$33,877$29,075$24,513
15 years$48,707$41,691$35,551$30,213$25,600$21,271
16 years$45,190$38,251$32,232$27,052$22,625$18,523
17 years$42,090$35,227$29,330$24,306$20,061$16,177
18 years$39,337$32,552$26,775$21,905$17,837$14,165
19 years$36,878$30,169$24,511$19,793$15,899$12,430
20 years$34,667$28,034$22,495$17,926$14,201$10,928
21 years$32,669$26,113$20,691$16,269$12,708$9,624
22 years$30,855$24,375$19,070$14,792$11,391$8,487
23 years$29,201$22,798$17,608$13,472$10,225$7,494
24 years$27,688$21,360$16,284$12,287$9,191$6,624
25 years$26,297$20,045$15,082$11,221$8,270$5,861
26 years$25,016$18,839$13,988$10,260$7,450$5,190
27 years$23,831$17,730$12,989$9,391$6,716$4,599
28 years$22,734$16,707$12,075$8,604$6,060$4,078
29 years$21,713$15,761$11,237$7,890$5,472$3,619
30 years$20,763$14,885$10,467$7,241$4,945$3,212
31 years$19,875$14,071$9,758$6,651$4,470$2,853
32 years$19,045$13,314$9,104$6,112$4,044$2,535
33 years$18,267$12,609$8,501$5,621$3,660$2,253
34 years$17,536$11,950$7,943$5,172$3,313$2,003
35 years$16,848$11,334$7,426$4,761$3,001$1,781
36 years$16,200$10,758$6,947$4,384$2,719$1,584
37 years$15,588$10,218$6,502$4,040$2,464$1,410
38 years$15,010$9,710$6,089$3,723$2,234$1,254
39 years$14,463$9,234$5,704$3,433$2,026$1,116
40 years$13,945$8,785$5,347$3,167$1,838$994
41 years$13,453$8,363$5,014$2,922$1,667$885
42 years$12,986$7,964$4,703$2,696$1,513$788
43 years$12,542$7,588$4,413$2,489$1,373$701
44 years$12,119$7,233$4,142$2,298$1,246$625
45 years$11,716$6,898$3,890$2,122$1,131$556
46 years$11,332$6,580$3,653$1,961$1,027$496
47 years$10,965$6,279$3,432$1,811$933$441
48 years$10,615$5,994$3,225$1,674$847$393
49 years$10,279$5,724$3,032$1,547$769$350
50 years$9,959$5,468$2,850$1,430$699$312

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,200,000, adding $5,906 every year, while hoping to spend $47,694 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: 32/48/20 Blend
56$10,200,000$10,200,000$10,200,000$10,200,000
57$11,246,492$10,705,892$10,547,792$11,536,439
58$12,342,888$11,179,735$10,850,397$12,227,783
59$13,549,518$11,675,197$11,161,541$12,967,178
60$14,877,576$12,193,288$11,481,459$13,762,604
61$16,339,394$12,735,065$11,810,394$14,618,993
62$17,948,564$13,301,635$12,148,593$15,541,746
63$19,720,059$13,894,157$12,496,313$16,536,780
64$21,670,380$14,513,846$12,853,815$17,610,580
65$23,817,709$15,161,974$13,221,367$18,770,254
66$26,182,079$15,839,874$13,599,247$20,023,594
67$28,785,566$16,548,943$13,987,736$21,379,148
68$31,652,496$17,290,643$14,387,127$22,846,290
69$34,809,672$18,066,507$14,797,718$24,435,306
70$38,286,632$18,878,139$15,219,816$26,157,483
71$42,115,923$19,727,223$15,653,734$28,025,211
72$46,333,410$20,615,519$16,099,796$30,052,092
73$50,978,612$21,544,874$16,558,334$32,253,060
74$56,095,080$22,517,222$17,029,687$34,644,516
75$61,730,802$23,534,589$17,514,205$37,244,477
76$67,938,659$24,599,100$18,012,247$40,072,733
77$74,776,924$25,712,977$18,524,179$43,151,031
78$82,309,810$26,878,553$19,050,379$46,503,265
79$90,608,079$28,098,270$19,591,234$50,155,700
80$99,749,705$29,374,688$20,147,143$54,137,204
81$109,820,614$30,710,487$20,718,511$58,479,512
82$120,915,494$32,108,478$21,305,759$63,217,516
83$133,138,686$33,571,605$21,909,314$68,389,583
84$146,605,174$35,102,956$22,529,617$74,037,905
85$161,441,663$36,705,761$23,167,121$80,208,886
86$177,787,781$38,383,412$23,822,288$86,953,567
87$195,797,393$40,139,458$24,495,593$94,328,093
88$215,640,056$41,977,621$25,187,525$102,394,231
89$237,502,618$43,901,801$25,898,583$111,219,938
90$261,590,981$45,916,084$26,629,281$120,879,989
91$288,132,044$48,024,755$27,380,145$131,456,662
92$317,375,847$50,232,303$28,151,715$143,040,504
93$349,597,930$52,543,432$28,944,543$155,731,165
94$385,101,932$54,963,074$29,759,199$169,638,321
95$424,222,460$57,496,395$30,596,263$184,882,690
96$467,328,247$60,148,814$31,456,333$201,597,154
97$514,825,629$62,926,007$32,340,021$219,927,988
98$567,162,386$65,833,924$33,247,955$240,036,222
99$624,831,965$68,878,802$34,180,777$262,099,142
100$688,378,140$72,067,178$35,139,148$286,311,930