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%12.6%
1 years$867,080$859,357$851,821$844,466$837,285$828,196
2 years$429,248$421,253$413,506$405,993$398,707$389,556
3 years$283,323$275,294$267,565$260,124$252,956$244,027
4 years$210,374$202,370$194,719$187,405$180,410$171,771
5 years$166,617$158,661$151,110$143,945$137,145$128,822
6 years$137,455$129,558$122,119$115,114$108,518$100,521
7 years$116,633$108,803$101,482$94,641$88,254$80,586
8 years$101,023$93,264$86,065$79,392$73,216$65,876
9 years$88,889$81,203$74,127$67,625$61,658$54,644
10 years$79,187$71,577$64,626$58,293$52,536$45,843
11 years$71,255$63,720$56,896$50,732$45,183$38,806
12 years$64,649$57,192$50,493$44,499$39,154$33,086
13 years$59,064$51,685$45,113$39,286$34,143$28,377
14 years$54,281$46,980$40,534$34,874$29,930$24,458
15 years$50,139$42,917$36,597$31,101$26,353$21,166
16 years$46,519$39,376$33,180$27,848$23,290$18,380
17 years$43,328$36,264$30,193$25,021$20,651$16,008
18 years$40,494$33,509$27,562$22,549$18,362$13,977
19 years$37,962$31,056$25,232$20,375$16,366$12,229
20 years$35,686$28,859$23,156$18,453$14,619$10,720
21 years$33,630$26,881$21,299$16,748$13,082$9,412
22 years$31,762$25,092$19,631$15,227$11,726$8,276
23 years$30,060$23,468$18,125$13,868$10,526$7,285
24 years$28,502$21,988$16,763$12,648$9,461$6,420
25 years$27,071$20,635$15,526$11,551$8,514$5,662
26 years$25,752$19,393$14,399$10,562$7,669$4,998
27 years$24,532$18,251$13,371$9,668$6,914$4,415
28 years$23,402$17,198$12,430$8,858$6,239$3,903
29 years$22,352$16,225$11,567$8,123$5,633$3,452
30 years$21,373$15,322$10,775$7,454$5,090$3,054
31 years$20,460$14,485$10,045$6,846$4,602$2,703
32 years$19,605$13,706$9,372$6,292$4,163$2,394
33 years$18,804$12,979$8,751$5,786$3,767$2,121
34 years$18,051$12,301$8,176$5,324$3,411$1,879
35 years$17,344$11,668$7,644$4,901$3,089$1,665
36 years$16,676$11,074$7,151$4,513$2,799$1,476
37 years$16,047$10,518$6,693$4,158$2,537$1,309
38 years$15,452$9,996$6,268$3,833$2,300$1,161
39 years$14,889$9,505$5,872$3,534$2,086$1,030
40 years$14,355$9,043$5,504$3,260$1,892$914
41 years$13,849$8,608$5,161$3,008$1,716$811
42 years$13,368$8,198$4,841$2,776$1,557$719
43 years$12,911$7,811$4,543$2,562$1,413$638
44 years$12,475$7,446$4,264$2,366$1,283$566
45 years$12,061$7,100$4,004$2,185$1,165$503
46 years$11,665$6,773$3,761$2,018$1,057$446
47 years$11,288$6,464$3,533$1,865$960$396
48 years$10,927$6,171$3,320$1,723$872$352
49 years$10,582$5,893$3,121$1,592$792$312
50 years$10,252$5,629$2,934$1,472$719$277

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 $5,999 every year, while hoping to spend $48,624 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: 38/50/12 Blend
56$10,500,000$10,500,000$10,500,000$10,500,000
57$11,577,188$11,020,688$10,857,938$11,974,599
58$12,706,326$11,508,966$11,169,943$12,746,131
59$13,949,006$12,019,540$11,490,771$13,574,210
60$15,316,758$12,553,451$11,820,666$14,468,033
61$16,822,287$13,111,790$12,159,878$15,433,523
62$18,479,592$13,695,699$12,508,665$16,477,173
63$20,304,096$14,306,375$12,867,292$17,606,103
64$22,312,797$14,945,071$13,236,029$18,828,122
65$24,524,423$15,613,099$13,615,157$20,151,794
66$26,959,610$16,311,837$14,004,960$21,586,521
67$29,641,097$17,042,724$14,405,733$23,142,615
68$32,593,941$17,807,270$14,817,777$24,831,399
69$35,845,753$18,607,056$15,241,403$26,665,303
70$39,426,958$19,443,740$15,676,928$28,657,977
71$43,371,081$20,319,057$16,124,679$30,824,411
72$47,715,066$21,234,825$16,584,990$33,181,071
73$52,499,622$22,192,951$17,058,206$35,746,046
74$57,769,607$23,195,429$17,544,680$38,539,212
75$63,574,454$24,244,352$18,044,774$41,582,411
76$69,968,635$25,341,911$18,558,860$44,899,651
77$77,012,174$26,490,403$19,087,320$48,517,318
78$84,771,216$27,692,233$19,630,545$52,464,423
79$93,318,650$28,949,923$20,188,939$56,772,861
80$102,734,796$30,266,113$20,762,912$61,477,702
81$113,108,165$31,643,573$21,352,890$66,617,518
82$124,536,293$33,085,202$21,959,306$72,234,727
83$137,126,658$34,594,041$22,582,607$78,375,987
84$150,997,703$36,173,274$23,223,249$85,092,623
85$166,279,943$37,826,239$23,881,703$92,441,102
86$183,117,208$39,556,435$24,558,450$100,483,546
87$201,667,989$41,367,527$25,253,985$109,288,310
88$222,106,944$43,263,356$25,968,814$118,930,612
89$244,626,541$45,247,949$26,703,457$129,493,226
90$269,438,874$47,325,524$27,458,449$141,067,248
91$296,777,669$49,500,504$28,234,336$153,752,940
92$326,900,485$51,777,523$29,031,681$167,660,659
93$360,091,151$54,161,438$29,851,059$182,911,879
94$396,662,440$56,657,340$30,693,060$199,640,322
95$436,959,023$59,270,564$31,558,292$217,993,196
96$481,360,723$62,006,701$32,447,374$238,132,565
97$530,286,100$64,871,613$33,360,945$260,236,860
98$584,196,404$67,871,444$34,299,658$284,502,537
99$643,599,924$71,012,631$35,264,183$311,145,907
100$709,056,791$74,301,925$36,255,208$340,405,157