Can I retire at age 57 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$858,822$851,172$843,709$836,424$829,311$807,951
2 years$425,160$417,241$409,567$402,127$394,910$373,533
3 years$280,624$272,672$265,017$257,647$250,547$229,821
4 years$208,371$200,443$192,865$185,620$178,692$158,776
5 years$165,030$157,149$149,671$142,574$135,839$116,789
6 years$136,145$128,324$120,956$114,017$107,485$89,319
7 years$115,522$107,767$100,515$93,740$87,414$70,134
8 years$100,061$92,376$85,245$78,636$72,518$56,116
9 years$88,043$80,430$73,421$66,981$61,071$45,532
10 years$78,433$70,895$64,010$57,738$52,035$37,341
11 years$70,576$63,114$56,354$50,249$44,752$30,880
12 years$64,033$56,647$50,013$44,075$38,781$25,707
13 years$58,502$51,193$44,683$38,912$33,818$21,516
14 years$53,764$46,533$40,148$34,542$29,645$18,086
15 years$49,662$42,508$36,248$30,805$26,102$15,258
16 years$46,076$39,001$32,864$27,583$23,069$12,910
17 years$42,915$35,918$29,905$24,783$20,454$10,950
18 years$40,109$33,190$27,299$22,334$18,187$9,307
19 years$37,601$30,760$24,991$20,181$16,210$7,924
20 years$35,346$28,584$22,936$18,278$14,479$6,756
21 years$33,309$26,625$21,097$16,588$12,957$5,768
22 years$31,460$24,853$19,444$15,082$11,615$4,929
23 years$29,774$23,245$17,953$13,736$10,426$4,216
24 years$28,230$21,779$16,603$12,528$9,371$3,609
25 years$26,813$20,438$15,378$11,441$8,432$3,091
26 years$25,506$19,209$14,262$10,461$7,596$2,649
27 years$24,299$18,078$13,244$9,575$6,848$2,272
28 years$23,179$17,034$12,312$8,773$6,179$1,949
29 years$22,139$16,070$11,457$8,045$5,580$1,672
30 years$21,170$15,176$10,672$7,383$5,042$1,435
31 years$20,265$14,347$9,949$6,781$4,558$1,232
32 years$19,418$13,575$9,283$6,232$4,123$1,058
33 years$18,625$12,856$8,667$5,731$3,731$909
34 years$17,880$12,184$8,098$5,273$3,378$781
35 years$17,178$11,557$7,571$4,854$3,060$671
36 years$16,518$10,969$7,083$4,470$2,772$576
37 years$15,894$10,418$6,629$4,119$2,513$495
38 years$15,305$9,901$6,208$3,796$2,278$426
39 years$14,747$9,415$5,816$3,501$2,066$366
40 years$14,218$8,957$5,452$3,229$1,874$314
41 years$13,717$8,527$5,112$2,979$1,700$270
42 years$13,241$8,120$4,795$2,749$1,543$232
43 years$12,788$7,737$4,500$2,538$1,400$200
44 years$12,357$7,375$4,224$2,343$1,271$172
45 years$11,946$7,033$3,966$2,164$1,154$148
46 years$11,554$6,709$3,725$1,999$1,047$127
47 years$11,180$6,402$3,499$1,847$951$109
48 years$10,823$6,112$3,288$1,707$864$94
49 years$10,481$5,837$3,091$1,577$784$81
50 years$10,154$5,575$2,906$1,458$713$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,400,000, adding $3,143 every year, while hoping to spend $38,411 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: 50/44/6 Blend
56$10,400,000$10,400,000$10,400,000$10,400,000
57$11,464,042$10,912,842$10,751,642$12,020,086
58$12,592,505$11,406,702$11,070,953$12,892,905
59$13,834,784$11,923,474$11,399,674$13,836,402
60$15,202,448$12,464,240$11,738,078$14,860,665
61$16,708,244$13,030,134$12,086,450$15,973,256
62$18,366,218$13,622,344$12,445,079$17,182,484
63$20,191,848$14,242,114$12,814,265$18,497,469
64$22,202,188$14,890,750$13,194,315$19,928,231
65$24,416,033$15,569,618$13,585,546$21,485,774
66$26,854,091$16,280,152$13,988,284$23,182,190
67$29,539,180$17,023,851$14,402,864$25,030,767
68$32,496,447$17,802,290$14,829,630$27,046,108
69$35,753,599$18,617,117$15,268,937$29,244,263
70$39,341,170$19,470,060$15,721,151$31,642,876
71$43,292,806$20,362,929$16,186,646$34,261,345
72$47,645,582$21,297,623$16,665,808$37,120,998
73$52,440,353$22,276,128$17,159,035$40,245,289
74$57,722,142$23,300,531$17,666,735$43,660,013
75$63,540,558$24,373,015$18,189,328$47,393,540
76$69,950,272$25,495,869$18,727,247$51,477,076
77$77,011,526$26,671,494$19,280,937$55,944,950
78$84,790,708$27,902,403$19,850,854$60,834,931
79$93,360,972$29,191,233$20,437,470$66,188,574
80$102,802,935$30,540,746$21,041,269$72,051,602
81$113,205,430$31,953,839$21,662,747$78,474,332
82$124,666,353$33,433,546$22,302,418$85,512,136
83$137,293,580$34,983,049$22,960,808$93,225,955
84$151,205,988$36,605,682$23,638,459$101,682,865
85$166,534,579$38,304,940$24,335,927$110,956,693
86$183,423,712$40,084,488$25,053,787$121,128,710
87$202,032,469$41,948,166$25,792,626$132,288,378
88$222,536,154$43,900,000$26,553,053$144,534,187
89$245,127,951$45,944,209$27,335,689$157,974,567
90$270,020,744$48,085,217$28,141,177$172,728,899
91$297,449,129$50,327,662$28,970,176$188,928,627
92$327,671,627$52,676,404$29,823,363$206,718,482
93$360,973,124$55,136,539$30,701,437$226,257,832
94$397,667,562$57,713,408$31,605,114$247,722,168
95$438,100,901$60,412,613$32,535,133$271,304,747
96$482,654,384$63,240,023$33,492,252$297,218,389
97$531,748,140$66,201,792$34,477,251$325,697,474
98$585,845,143$69,304,373$35,490,932$357,000,130
99$645,455,590$72,554,529$36,534,120$391,410,649
100$711,141,711$75,959,352$37,607,663$429,242,144