Can I retire at age 57 with 10,500,000?

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 $10,500,000?

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$867,080$859,357$851,821$844,466$837,285$829,577
2 years$429,248$421,253$413,506$405,993$398,707$390,941
3 years$283,323$275,294$267,565$260,124$252,956$245,373
4 years$210,374$202,370$194,719$187,405$180,410$173,068
5 years$166,617$158,661$151,110$143,945$137,145$130,066
6 years$137,455$129,558$122,119$115,114$108,518$101,710
7 years$116,633$108,803$101,482$94,641$88,254$81,721
8 years$101,023$93,264$86,065$79,392$73,216$66,956
9 years$88,889$81,203$74,127$67,625$61,658$55,671
10 years$79,187$71,577$64,626$58,293$52,536$46,818
11 years$71,255$63,720$56,896$50,732$45,183$39,729
12 years$64,649$57,192$50,493$44,499$39,154$33,959
13 years$59,064$51,685$45,113$39,286$34,143$29,201
14 years$54,281$46,980$40,534$34,874$29,930$25,234
15 years$50,139$42,917$36,597$31,101$26,353$21,897
16 years$46,519$39,376$33,180$27,848$23,290$19,067
17 years$43,328$36,264$30,193$25,021$20,651$16,653
18 years$40,494$33,509$27,562$22,549$18,362$14,581
19 years$37,962$31,056$25,232$20,375$16,366$12,795
20 years$35,686$28,859$23,156$18,453$14,619$11,249
21 years$33,630$26,881$21,299$16,748$13,082$9,907
22 years$31,762$25,092$19,631$15,227$11,726$8,736
23 years$30,060$23,468$18,125$13,868$10,526$7,714
24 years$28,502$21,988$16,763$12,648$9,461$6,819
25 years$27,071$20,635$15,526$11,551$8,514$6,033
26 years$25,752$19,393$14,399$10,562$7,669$5,342
27 years$24,532$18,251$13,371$9,668$6,914$4,734
28 years$23,402$17,198$12,430$8,858$6,239$4,198
29 years$22,352$16,225$11,567$8,123$5,633$3,725
30 years$21,373$15,322$10,775$7,454$5,090$3,307
31 years$20,460$14,485$10,045$6,846$4,602$2,937
32 years$19,605$13,706$9,372$6,292$4,163$2,609
33 years$18,804$12,979$8,751$5,786$3,767$2,319
34 years$18,051$12,301$8,176$5,324$3,411$2,062
35 years$17,344$11,668$7,644$4,901$3,089$1,833
36 years$16,676$11,074$7,151$4,513$2,799$1,631
37 years$16,047$10,518$6,693$4,158$2,537$1,451
38 years$15,452$9,996$6,268$3,833$2,300$1,291
39 years$14,889$9,505$5,872$3,534$2,086$1,149
40 years$14,355$9,043$5,504$3,260$1,892$1,023
41 years$13,849$8,608$5,161$3,008$1,716$911
42 years$13,368$8,198$4,841$2,776$1,557$811
43 years$12,911$7,811$4,543$2,562$1,413$722
44 years$12,475$7,446$4,264$2,366$1,283$643
45 years$12,061$7,100$4,004$2,185$1,165$573
46 years$11,665$6,773$3,761$2,018$1,057$510
47 years$11,288$6,464$3,533$1,865$960$454
48 years$10,927$6,171$3,320$1,723$872$405
49 years$10,582$5,893$3,121$1,592$792$361
50 years$10,252$5,629$2,934$1,472$719$321

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,500,000, adding $4,547 every year, while hoping to spend $57,529 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: 73/17/10 Blend
56$10,500,000$10,500,000$10,500,000$10,500,000
57$11,575,690$11,019,190$10,856,440$12,398,841
58$12,695,200$11,497,920$11,158,921$13,421,752
59$13,926,972$11,998,180$11,469,606$14,534,150
60$15,282,396$12,520,963$11,788,710$15,750,913
61$16,774,021$13,067,311$12,116,453$17,082,345
62$18,415,676$13,638,315$12,453,059$18,539,788
63$20,222,598$14,235,114$12,798,759$20,135,728
64$22,211,573$14,858,905$13,153,788$21,883,906
65$24,401,102$15,510,940$13,518,388$23,799,453
66$26,811,567$16,192,528$13,892,806$25,899,025
67$29,465,428$16,905,044$14,277,297$28,200,963
68$32,387,434$17,649,923$14,672,119$30,725,459
69$35,604,855$18,428,673$15,077,538$33,494,747
70$39,147,742$19,242,869$15,493,827$36,533,310
71$43,049,205$20,094,163$15,921,264$39,868,109
72$47,345,732$20,984,285$16,360,134$43,528,835
73$52,077,529$21,915,047$16,810,730$47,548,184
74$57,288,898$22,888,346$17,273,351$51,962,167
75$63,028,660$23,906,169$17,748,303$56,810,443
76$69,350,611$24,970,599$18,235,898$62,136,694
77$76,314,031$26,083,816$18,736,459$67,989,030
78$83,984,245$27,248,105$19,250,313$74,420,444
79$92,433,234$28,465,860$19,777,795$81,489,305
80$101,740,323$29,739,586$20,319,250$89,259,907
81$111,992,920$31,071,909$20,875,029$97,803,073
82$123,287,347$32,465,582$21,445,492$107,196,818
83$135,729,747$33,923,486$22,031,006$117,527,081
84$149,437,085$35,448,641$22,631,949$128,888,535
85$164,538,253$37,044,210$23,248,704$141,385,472
86$181,175,286$38,713,507$23,881,667$155,132,786
87$199,504,701$40,460,004$24,531,238$170,257,049
88$219,698,977$42,287,341$25,197,831$186,897,705
89$241,948,180$44,199,328$25,881,866$205,208,380
90$266,461,758$46,199,959$26,583,773$225,358,323
91$293,470,520$48,293,420$27,303,992$247,534,001
92$323,228,811$50,484,094$28,042,972$271,940,854
93$356,016,912$52,776,577$28,801,174$298,805,225
94$392,143,690$55,175,683$29,579,067$328,376,492
95$431,949,511$57,686,456$30,377,130$360,929,416
96$475,809,451$60,314,182$31,195,855$396,766,725
97$524,136,840$63,064,402$32,035,740$436,221,964
98$577,387,159$65,942,919$32,897,299$479,662,641
99$636,062,344$68,955,817$33,781,054$527,493,681
100$700,715,522$72,109,471$34,687,537$580,161,244