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

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$850,564$842,988$835,596$828,381$821,336$793,458
2 years$421,071$413,229$405,629$398,260$391,113$363,305
3 years$277,926$270,050$262,469$255,169$248,138$221,274
4 years$206,367$198,515$191,010$183,835$176,974$151,260
5 years$163,443$155,638$148,232$141,203$134,533$110,037
6 years$134,836$127,090$119,793$112,921$106,451$83,192
7 years$114,411$106,730$99,549$92,839$86,573$64,548
8 years$99,099$91,488$84,425$77,880$71,821$51,012
9 years$87,196$79,656$72,715$66,337$60,484$40,865
10 years$77,679$70,213$63,395$57,183$51,535$33,076
11 years$69,898$62,507$55,812$49,766$44,322$26,986
12 years$63,418$56,103$49,532$43,652$38,408$22,155
13 years$57,939$50,700$44,253$38,538$33,493$18,281
14 years$53,247$46,085$39,762$34,210$29,360$15,146
15 years$49,184$42,100$35,900$30,509$25,851$12,589
16 years$45,633$38,626$32,548$27,317$22,847$10,492
17 years$42,503$35,573$29,618$24,544$20,258$8,764
18 years$39,723$32,871$27,037$22,120$18,012$7,333
19 years$37,239$30,464$24,751$19,987$16,055$6,146
20 years$35,006$28,309$22,715$18,102$14,340$5,157
21 years$32,989$26,369$20,894$16,429$12,833$4,332
22 years$31,157$24,614$19,257$14,937$11,503$3,642
23 years$29,487$23,021$17,780$13,604$10,326$3,064
24 years$27,959$21,569$16,444$12,407$9,281$2,579
25 years$26,555$20,242$15,230$11,331$8,351$2,173
26 years$25,261$19,024$14,125$10,361$7,523$1,831
27 years$24,065$17,904$13,116$9,483$6,782$1,543
28 years$22,956$16,871$12,193$8,689$6,120$1,301
29 years$21,926$15,916$11,347$7,968$5,526$1,097
30 years$20,966$15,031$10,569$7,312$4,993$926
31 years$20,070$14,209$9,854$6,716$4,514$781
32 years$19,232$13,444$9,194$6,172$4,083$659
33 years$18,446$12,732$8,584$5,676$3,696$556
34 years$17,708$12,067$8,020$5,222$3,346$470
35 years$17,013$11,446$7,499$4,807$3,030$396
36 years$16,359$10,863$7,015$4,427$2,746$335
37 years$15,741$10,318$6,566$4,079$2,489$283
38 years$15,158$9,806$6,148$3,760$2,256$239
39 years$14,605$9,324$5,760$3,467$2,046$201
40 years$14,082$8,871$5,399$3,198$1,856$170
41 years$13,585$8,445$5,063$2,950$1,684$144
42 years$13,113$8,042$4,749$2,723$1,528$121
43 years$12,665$7,663$4,456$2,513$1,386$102
44 years$12,238$7,304$4,183$2,321$1,258$87
45 years$11,831$6,965$3,928$2,143$1,142$73
46 years$11,443$6,644$3,689$1,980$1,037$62
47 years$11,073$6,341$3,466$1,829$942$52
48 years$10,719$6,053$3,257$1,690$855$44
49 years$10,380$5,780$3,061$1,562$777$37
50 years$10,056$5,522$2,878$1,444$706$31

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 $6,255 every year, while hoping to spend $54,657 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: 65/11/24 Blend
56$10,300,000$10,300,000$10,300,000$10,300,000
57$11,357,052$10,811,152$10,651,502$12,024,039
58$12,457,317$11,282,744$10,950,173$12,945,809
59$13,667,977$11,775,612$11,257,017$13,946,133
60$15,000,234$12,290,741$11,572,251$15,038,211
61$16,466,433$12,829,162$11,896,096$16,231,059
62$18,080,173$13,391,955$12,228,780$17,534,601
63$19,856,441$13,980,251$12,570,534$18,959,760
64$21,811,750$14,595,235$12,921,599$20,518,559
65$23,964,293$15,238,146$13,282,217$22,224,235
66$26,334,120$15,910,284$13,652,640$24,091,361
67$28,943,321$16,613,009$14,033,125$26,135,982
68$31,816,239$17,347,746$14,423,934$28,375,764
69$34,979,697$18,115,987$14,825,337$30,830,159
70$38,463,251$18,919,295$15,237,611$33,520,588
71$42,299,470$19,759,308$15,661,037$36,470,639
72$46,524,241$20,637,739$16,095,908$39,706,289
73$51,177,111$21,556,386$16,542,518$43,256,145
74$56,301,657$22,517,129$17,001,173$47,151,715
75$61,945,897$23,521,940$17,472,184$51,427,699
76$68,162,747$24,572,884$17,955,870$56,122,318
77$75,010,514$25,672,121$18,452,558$61,277,668
78$82,553,450$26,821,920$18,962,583$66,940,119
79$90,862,360$28,024,652$19,486,288$73,160,745
80$100,015,266$29,282,804$20,024,023$79,995,810
81$110,098,143$30,598,982$20,576,148$87,507,286
82$121,205,735$31,975,914$21,143,031$95,763,447
83$133,442,446$33,416,459$21,725,048$104,839,498
84$146,923,324$34,923,614$22,322,585$114,818,292
85$161,775,148$36,500,516$22,936,037$125,791,100
86$178,137,626$38,150,454$23,565,807$137,858,475
87$196,164,711$39,876,874$24,212,309$151,131,194
88$216,026,056$41,683,385$24,875,966$165,731,301
89$237,908,613$43,573,771$25,557,210$181,793,254
90$262,018,400$45,551,994$26,256,485$199,465,192
91$288,582,443$47,622,208$26,974,244$218,910,325
92$317,850,921$49,788,765$27,710,949$240,308,474
93$350,099,525$52,056,224$28,467,076$263,857,760
94$385,632,063$54,429,366$29,243,110$289,776,473
95$424,783,325$56,913,196$30,039,545$318,305,125
96$467,922,244$59,512,963$30,856,890$349,708,715
97$515,455,381$62,234,165$31,695,664$384,279,224
98$567,830,757$65,082,567$32,556,395$422,338,368
99$625,542,087$68,064,206$33,439,628$464,240,627
100$689,133,440$71,185,412$34,345,916$510,376,586