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%17.9%
1 years$867,080$859,357$851,821$844,466$837,285$810,483
2 years$429,248$421,253$413,506$405,993$398,707$371,952
3 years$283,323$275,294$267,565$260,124$252,956$227,087
4 years$210,374$202,370$194,719$187,405$180,410$155,626
5 years$166,617$158,661$151,110$143,945$137,145$113,511
6 years$137,455$129,558$122,119$115,114$108,518$86,055
7 years$116,633$108,803$101,482$94,641$88,254$66,960
8 years$101,023$93,264$86,065$79,392$73,216$53,074
9 years$88,889$81,203$74,127$67,625$61,658$42,648
10 years$79,187$71,577$64,626$58,293$52,536$34,627
11 years$71,255$63,720$56,896$50,732$45,183$28,343
12 years$64,649$57,192$50,493$44,499$39,154$23,347
13 years$59,064$51,685$45,113$39,286$34,143$19,330
14 years$54,281$46,980$40,534$34,874$29,930$16,070
15 years$50,139$42,917$36,597$31,101$26,353$13,405
16 years$46,519$39,376$33,180$27,848$23,290$11,213
17 years$43,328$36,264$30,193$25,021$20,651$9,400
18 years$40,494$33,509$27,562$22,549$18,362$7,895
19 years$37,962$31,056$25,232$20,375$16,366$6,642
20 years$35,686$28,859$23,156$18,453$14,619$5,594
21 years$33,630$26,881$21,299$16,748$13,082$4,717
22 years$31,762$25,092$19,631$15,227$11,726$3,982
23 years$30,060$23,468$18,125$13,868$10,526$3,363
24 years$28,502$21,988$16,763$12,648$9,461$2,842
25 years$27,071$20,635$15,526$11,551$8,514$2,404
26 years$25,752$19,393$14,399$10,562$7,669$2,034
27 years$24,532$18,251$13,371$9,668$6,914$1,721
28 years$23,402$17,198$12,430$8,858$6,239$1,457
29 years$22,352$16,225$11,567$8,123$5,633$1,234
30 years$21,373$15,322$10,775$7,454$5,090$1,045
31 years$20,460$14,485$10,045$6,846$4,602$886
32 years$19,605$13,706$9,372$6,292$4,163$751
33 years$18,804$12,979$8,751$5,786$3,767$636
34 years$18,051$12,301$8,176$5,324$3,411$539
35 years$17,344$11,668$7,644$4,901$3,089$457
36 years$16,676$11,074$7,151$4,513$2,799$387
37 years$16,047$10,518$6,693$4,158$2,537$329
38 years$15,452$9,996$6,268$3,833$2,300$279
39 years$14,889$9,505$5,872$3,534$2,086$236
40 years$14,355$9,043$5,504$3,260$1,892$200
41 years$13,849$8,608$5,161$3,008$1,716$170
42 years$13,368$8,198$4,841$2,776$1,557$144
43 years$12,911$7,811$4,543$2,562$1,413$122
44 years$12,475$7,446$4,264$2,366$1,283$104
45 years$12,061$7,100$4,004$2,185$1,165$88
46 years$11,665$6,773$3,761$2,018$1,057$75
47 years$11,288$6,464$3,533$1,865$960$63
48 years$10,927$6,171$3,320$1,723$872$54
49 years$10,582$5,893$3,121$1,592$792$45
50 years$10,252$5,629$2,934$1,472$719$39

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 $3,927 every year, while hoping to spend $51,326 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: 69/14/17 Blend
56$10,500,000$10,500,000$10,500,000$10,500,000
57$11,575,051$11,018,551$10,855,801$12,326,595
58$12,701,095$11,503,849$11,164,860$13,313,253
59$13,940,276$12,011,207$11,482,552$14,385,972
60$15,304,080$12,541,651$11,809,112$15,558,404
61$16,805,160$13,096,257$12,144,782$16,840,372
62$18,457,463$13,676,150$12,489,809$18,242,689
63$20,276,354$14,282,510$12,844,446$19,777,257
64$22,278,762$14,916,574$13,208,956$21,457,176
65$24,483,344$15,579,634$13,583,604$23,296,869
66$26,910,656$16,273,047$13,968,666$25,312,214
67$29,583,349$16,998,233$14,364,423$27,520,692
68$32,526,383$17,756,679$14,771,163$29,941,553
69$35,767,261$18,549,942$15,189,183$32,595,989
70$39,336,289$19,379,656$15,618,788$35,507,338
71$43,266,861$20,247,531$16,060,288$38,701,299
72$47,595,777$21,155,356$16,514,005$42,206,173
73$52,363,588$22,105,010$16,980,265$46,053,126
74$57,614,976$23,098,457$17,459,406$50,276,484
75$63,399,179$24,137,758$17,951,772$54,914,049
76$69,770,458$25,225,070$18,457,718$60,007,458
77$76,788,600$26,362,654$18,977,607$65,602,570
78$84,519,491$27,552,878$19,511,812$71,749,896
79$93,035,735$28,798,225$20,060,713$78,505,074
80$102,417,337$30,101,295$20,624,703$85,929,389
81$112,752,458$31,464,811$21,204,184$94,090,348
82$124,138,251$32,891,629$21,799,567$103,062,317
83$136,681,774$34,384,740$22,411,273$112,927,214
84$150,501,001$35,947,279$23,039,737$123,775,280
85$165,725,937$37,582,529$23,685,402$135,705,928
86$182,499,841$39,293,931$24,348,721$148,828,678
87$200,980,585$41,085,094$25,030,163$163,264,181
88$221,342,135$42,959,794$25,730,205$179,145,360
89$243,776,202$44,921,993$26,449,335$196,618,654
90$268,494,045$46,975,841$27,188,058$215,845,398
91$295,728,466$49,125,686$27,946,887$237,003,341
92$325,736,012$51,376,087$28,726,350$260,288,317
93$358,799,389$53,731,819$29,526,987$285,916,089
94$395,230,137$56,197,889$30,349,351$314,124,376
95$435,371,568$58,779,542$31,194,012$345,175,097
96$479,602,006$61,482,277$32,061,548$379,356,832
97$528,338,358$64,311,856$32,952,558$416,987,541
98$582,040,051$67,274,318$33,867,650$458,417,557
99$641,213,370$70,375,993$34,807,449$504,032,888
100$706,416,232$73,623,515$35,772,597$554,258,852