Can I retire at age 57 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$850,564$842,988$835,596$828,381$821,336$813,775
2 years$421,071$413,229$405,629$398,260$391,113$383,494
3 years$277,926$270,050$262,469$255,169$248,138$240,699
4 years$206,367$198,515$191,010$183,835$176,974$169,772
5 years$163,443$155,638$148,232$141,203$134,533$127,588
6 years$134,836$127,090$119,793$112,921$106,451$99,773
7 years$114,411$106,730$99,549$92,839$86,573$80,164
8 years$99,099$91,488$84,425$77,880$71,821$65,681
9 years$87,196$79,656$72,715$66,337$60,484$54,611
10 years$77,679$70,213$63,395$57,183$51,535$45,926
11 years$69,898$62,507$55,812$49,766$44,322$38,972
12 years$63,418$56,103$49,532$43,652$38,408$33,312
13 years$57,939$50,700$44,253$38,538$33,493$28,645
14 years$53,247$46,085$39,762$34,210$29,360$24,754
15 years$49,184$42,100$35,900$30,509$25,851$21,480
16 years$45,633$38,626$32,548$27,317$22,847$18,704
17 years$42,503$35,573$29,618$24,544$20,258$16,336
18 years$39,723$32,871$27,037$22,120$18,012$14,304
19 years$37,239$30,464$24,751$19,987$16,055$12,552
20 years$35,006$28,309$22,715$18,102$14,340$11,035
21 years$32,989$26,369$20,894$16,429$12,833$9,718
22 years$31,157$24,614$19,257$14,937$11,503$8,570
23 years$29,487$23,021$17,780$13,604$10,326$7,567
24 years$27,959$21,569$16,444$12,407$9,281$6,689
25 years$26,555$20,242$15,230$11,331$8,351$5,918
26 years$25,261$19,024$14,125$10,361$7,523$5,241
27 years$24,065$17,904$13,116$9,483$6,782$4,644
28 years$22,956$16,871$12,193$8,689$6,120$4,118
29 years$21,926$15,916$11,347$7,968$5,526$3,654
30 years$20,966$15,031$10,569$7,312$4,993$3,244
31 years$20,070$14,209$9,854$6,716$4,514$2,881
32 years$19,232$13,444$9,194$6,172$4,083$2,559
33 years$18,446$12,732$8,584$5,676$3,696$2,275
34 years$17,708$12,067$8,020$5,222$3,346$2,022
35 years$17,013$11,446$7,499$4,807$3,030$1,799
36 years$16,359$10,863$7,015$4,427$2,746$1,600
37 years$15,741$10,318$6,566$4,079$2,489$1,423
38 years$15,158$9,806$6,148$3,760$2,256$1,267
39 years$14,605$9,324$5,760$3,467$2,046$1,127
40 years$14,082$8,871$5,399$3,198$1,856$1,004
41 years$13,585$8,445$5,063$2,950$1,684$893
42 years$13,113$8,042$4,749$2,723$1,528$795
43 years$12,665$7,663$4,456$2,513$1,386$708
44 years$12,238$7,304$4,183$2,321$1,258$631
45 years$11,831$6,965$3,928$2,143$1,142$562
46 years$11,443$6,644$3,689$1,980$1,037$500
47 years$11,073$6,341$3,466$1,829$942$446
48 years$10,719$6,053$3,257$1,690$855$397
49 years$10,380$5,780$3,061$1,562$777$354
50 years$10,056$5,522$2,878$1,444$706$315

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,300,000, adding $3,571 every year, while hoping to spend $34,093 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: 41/34/25 Blend
56$10,300,000$10,300,000$10,300,000$10,300,000
57$11,354,283$10,808,383$10,648,733$11,736,131
58$12,476,146$11,301,720$10,969,191$12,504,433
59$13,711,295$11,818,087$11,299,242$13,332,019
60$15,071,251$12,358,577$11,639,171$14,227,154
61$16,568,707$12,924,335$11,989,271$15,196,056
62$18,217,650$13,516,562$12,349,846$16,245,552
63$20,033,490$14,136,514$12,721,206$17,383,134
64$22,033,213$14,785,509$13,103,673$18,617,029
65$24,235,530$15,464,929$13,497,576$19,956,268
66$26,661,065$16,176,221$13,903,255$21,410,775
67$29,332,539$16,920,902$14,321,060$22,991,446
68$32,274,993$17,700,561$14,751,350$24,710,257
69$35,516,020$18,516,866$15,194,498$26,580,363
70$39,086,023$19,371,562$15,650,883$28,616,224
71$43,018,510$20,266,481$16,120,900$30,833,733
72$47,350,400$21,203,540$16,604,952$33,250,360
73$52,122,379$22,184,751$17,103,456$35,885,314
74$57,379,280$23,212,223$17,616,840$38,759,712
75$63,170,508$24,288,163$18,145,546$41,896,780
76$69,550,506$25,414,889$18,690,028$45,322,058
77$76,579,266$26,594,828$19,250,752$49,063,640
78$84,322,900$27,830,523$19,828,201$53,152,428
79$92,854,260$29,124,643$20,422,871$57,622,418
80$102,253,627$30,479,983$21,035,269$62,511,010
81$112,609,469$31,899,474$21,665,923$67,859,359
82$124,019,275$33,386,189$22,315,371$73,712,746
83$136,590,476$34,943,347$22,984,171$80,121,004
84$150,441,458$36,574,325$23,672,895$87,138,974
85$165,702,682$38,282,661$24,382,131$94,827,015
86$182,517,910$40,072,066$25,112,487$103,251,563
87$201,045,568$41,946,428$25,864,587$112,485,746
88$221,460,239$43,909,826$26,639,073$122,610,063
89$243,954,308$45,966,533$27,436,607$133,713,136
90$268,739,785$48,121,030$28,257,871$145,892,526
91$296,050,297$50,378,015$29,103,563$159,255,650
92$326,143,302$52,742,412$29,974,407$173,920,774
93$359,302,513$55,219,384$30,871,144$190,018,119
94$395,840,580$57,814,345$31,794,539$207,691,076
95$436,102,041$60,532,970$32,745,377$227,097,540
96$480,466,570$63,381,207$33,724,469$248,411,387
97$529,352,569$66,365,294$34,732,647$271,824,100
98$583,221,109$69,491,772$35,770,769$297,546,554
99$642,580,290$72,767,496$36,839,717$325,810,993
100$707,990,032$76,199,656$37,940,400$356,873,198