Can I retire at age 57 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$875,338$867,541$859,934$852,509$845,259$828,193
2 years$433,336$425,265$417,444$409,860$402,504$385,385
3 years$286,021$277,916$270,114$262,601$255,365$238,727
4 years$212,378$204,297$196,574$189,189$182,129$166,100
5 years$168,204$160,172$152,549$145,316$138,451$123,077
6 years$138,764$130,792$123,282$116,210$109,552$94,849
7 years$117,743$109,839$102,448$95,543$89,095$75,067
8 years$101,985$94,152$86,884$80,148$73,913$60,556
9 years$89,736$81,977$74,833$68,269$62,245$49,550
10 years$79,942$72,258$65,241$58,848$53,036$40,990
11 years$71,933$64,327$57,438$51,216$45,613$34,201
12 years$65,265$57,737$50,974$44,923$39,527$28,733
13 years$59,627$52,177$45,542$39,660$34,468$24,274
14 years$54,798$47,428$40,920$35,206$30,215$20,601
15 years$50,617$43,326$36,945$31,398$26,603$17,550
16 years$46,962$39,751$33,496$28,113$23,512$14,997
17 years$43,741$36,609$30,480$25,259$20,848$12,850
18 years$40,880$33,828$27,824$22,764$18,537$11,034
19 years$38,324$31,352$25,472$20,569$16,522$9,493
20 years$36,026$29,134$23,377$18,629$14,758$8,181
21 years$33,950$27,137$21,502$16,907$13,207$7,059
22 years$32,065$25,331$19,818$15,373$11,838$6,099
23 years$30,346$23,692$18,298$14,000$10,626$5,274
24 years$28,773$22,198$16,923$12,769$9,551$4,565
25 years$27,328$20,831$15,674$11,661$8,595$3,954
26 years$25,997$19,578$14,537$10,662$7,742$3,427
27 years$24,766$18,425$13,499$9,760$6,980$2,972
28 years$23,625$17,362$12,549$8,942$6,298$2,578
29 years$22,565$16,379$11,678$8,200$5,687$2,238
30 years$21,577$15,468$10,877$7,525$5,139$1,943
31 years$20,655$14,623$10,141$6,912$4,646$1,688
32 years$19,792$13,836$9,461$6,352$4,202$1,466
33 years$18,983$13,103$8,834$5,841$3,803$1,274
34 years$18,223$12,419$8,254$5,374$3,443$1,107
35 years$17,509$11,779$7,717$4,947$3,119$963
36 years$16,835$11,180$7,219$4,556$2,826$837
37 years$16,200$10,618$6,757$4,198$2,561$728
38 years$15,599$10,091$6,328$3,869$2,322$633
39 years$15,031$9,596$5,928$3,568$2,106$551
40 years$14,492$9,130$5,556$3,291$1,910$479
41 years$13,981$8,690$5,210$3,036$1,733$417
42 years$13,495$8,277$4,887$2,802$1,572$362
43 years$13,034$7,886$4,586$2,587$1,427$315
44 years$12,594$7,517$4,305$2,388$1,295$274
45 years$12,176$7,168$4,042$2,206$1,176$239
46 years$11,776$6,838$3,796$2,037$1,068$208
47 years$11,395$6,526$3,567$1,882$969$181
48 years$11,031$6,230$3,352$1,739$880$157
49 years$10,683$5,949$3,150$1,607$800$137
50 years$10,349$5,683$2,962$1,486$726$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,600,000, adding $4,218 every year, while hoping to spend $42,633 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: 66/16/18 Blend
56$10,600,000$10,600,000$10,600,000$10,600,000
57$11,685,551$11,123,751$10,959,451$12,404,579
58$12,832,116$11,623,453$11,281,231$13,386,265
59$14,094,202$12,146,213$11,612,362$14,453,662
60$15,483,546$12,693,113$11,953,113$15,619,461
61$17,013,084$13,265,291$12,303,758$16,893,313
62$18,697,066$13,863,938$12,664,581$18,285,835
63$20,551,196$14,490,301$13,035,875$19,808,713
64$22,592,780$15,145,687$13,417,938$21,474,808
65$24,840,884$15,831,466$13,811,079$23,298,276
66$27,316,519$16,549,073$14,215,615$25,294,698
67$30,042,837$17,300,011$14,631,872$27,481,226
68$33,045,351$18,085,856$15,060,184$29,876,743
69$36,352,174$18,908,260$15,500,897$32,502,037
70$39,994,282$19,768,951$15,954,363$35,379,995
71$44,005,812$20,669,743$16,420,948$38,535,817
72$48,424,380$21,612,535$16,901,024$41,997,251
73$53,291,435$22,599,319$17,394,978$45,794,849
74$58,652,656$23,632,179$17,903,203$49,962,257
75$64,558,373$24,713,303$18,426,108$54,536,525
76$71,064,054$25,844,981$18,964,108$59,558,458
77$78,230,816$27,029,614$19,517,635$65,072,992
78$86,126,012$28,269,718$20,087,129$71,129,617
79$94,823,862$29,567,930$20,673,044$77,782,843
80$104,406,151$30,927,014$21,275,846$85,092,704
81$114,963,007$32,349,867$21,896,016$93,125,328
82$126,593,747$33,839,523$22,534,045$101,953,550
83$139,407,814$35,399,164$23,190,440$111,657,601
84$153,525,813$37,032,125$23,865,722$122,325,855
85$169,080,648$38,741,901$24,560,426$134,055,662
86$186,218,774$40,532,155$25,275,101$146,954,259
87$205,101,585$42,406,726$26,010,312$161,139,781
88$225,906,930$44,369,639$26,766,641$176,742,365
89$248,830,797$46,425,112$27,544,683$193,905,376
90$274,089,161$48,577,565$28,345,053$212,786,753
91$301,920,024$50,831,634$29,168,380$233,560,496
92$332,585,658$53,192,176$30,015,313$256,418,296
93$366,375,085$55,664,283$30,886,516$281,571,343
94$403,606,803$58,253,292$31,782,674$309,252,312
95$444,631,793$60,964,799$32,704,489$339,717,546
96$489,836,830$63,804,668$33,652,684$373,249,475
97$539,648,137$66,779,047$34,627,999$410,159,270
98$594,535,408$69,894,382$35,631,198$450,789,772
99$655,016,240$73,157,427$36,663,064$495,518,719
100$721,661,022$76,575,266$37,724,401$544,762,306