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%15%
1 years$875,338$867,541$859,934$852,509$845,259$827,854
2 years$433,336$425,265$417,444$409,860$402,504$385,048
3 years$286,021$277,916$270,114$262,601$255,365$238,403
4 years$212,378$204,297$196,574$189,189$182,129$165,790
5 years$168,204$160,172$152,549$145,316$138,451$122,784
6 years$138,764$130,792$123,282$116,210$109,552$94,571
7 years$117,743$109,839$102,448$95,543$89,095$74,805
8 years$101,985$94,152$86,884$80,148$73,913$60,309
9 years$89,736$81,977$74,833$68,269$62,245$49,319
10 years$79,942$72,258$65,241$58,848$53,036$40,774
11 years$71,933$64,327$57,438$51,216$45,613$33,999
12 years$65,265$57,737$50,974$44,923$39,527$28,545
13 years$59,627$52,177$45,542$39,660$34,468$24,099
14 years$54,798$47,428$40,920$35,206$30,215$20,438
15 years$50,617$43,326$36,945$31,398$26,603$17,399
16 years$46,962$39,751$33,496$28,113$23,512$14,858
17 years$43,741$36,609$30,480$25,259$20,848$12,722
18 years$40,880$33,828$27,824$22,764$18,537$10,916
19 years$38,324$31,352$25,472$20,569$16,522$9,385
20 years$36,026$29,134$23,377$18,629$14,758$8,081
21 years$33,950$27,137$21,502$16,907$13,207$6,968
22 years$32,065$25,331$19,818$15,373$11,838$6,015
23 years$30,346$23,692$18,298$14,000$10,626$5,198
24 years$28,773$22,198$16,923$12,769$9,551$4,495
25 years$27,328$20,831$15,674$11,661$8,595$3,890
26 years$25,997$19,578$14,537$10,662$7,742$3,369
27 years$24,766$18,425$13,499$9,760$6,980$2,919
28 years$23,625$17,362$12,549$8,942$6,298$2,531
29 years$22,565$16,379$11,678$8,200$5,687$2,195
30 years$21,577$15,468$10,877$7,525$5,139$1,904
31 years$20,655$14,623$10,141$6,912$4,646$1,653
32 years$19,792$13,836$9,461$6,352$4,202$1,435
33 years$18,983$13,103$8,834$5,841$3,803$1,246
34 years$18,223$12,419$8,254$5,374$3,443$1,082
35 years$17,509$11,779$7,717$4,947$3,119$939
36 years$16,835$11,180$7,219$4,556$2,826$816
37 years$16,200$10,618$6,757$4,198$2,561$709
38 years$15,599$10,091$6,328$3,869$2,322$616
39 years$15,031$9,596$5,928$3,568$2,106$535
40 years$14,492$9,130$5,556$3,291$1,910$465
41 years$13,981$8,690$5,210$3,036$1,733$404
42 years$13,495$8,277$4,887$2,802$1,572$352
43 years$13,034$7,886$4,586$2,587$1,427$306
44 years$12,594$7,517$4,305$2,388$1,295$266
45 years$12,176$7,168$4,042$2,206$1,176$231
46 years$11,776$6,838$3,796$2,037$1,068$201
47 years$11,395$6,526$3,567$1,882$969$175
48 years$11,031$6,230$3,352$1,739$880$152
49 years$10,683$5,949$3,150$1,607$800$132
50 years$10,349$5,683$2,962$1,486$726$115

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 $3,419 every year, while hoping to spend $37,720 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: 51/41/8 Blend
56$10,600,000$10,600,000$10,600,000$10,600,000
57$11,684,727$11,122,927$10,958,627$12,256,705
58$12,836,435$11,627,816$11,285,607$13,151,436
59$14,104,353$12,156,181$11,622,277$14,119,207
60$15,500,295$12,709,132$11,968,921$15,170,331
61$17,037,278$13,287,832$12,325,833$16,312,649
62$18,729,646$13,893,502$12,693,313$17,554,773
63$20,593,204$14,527,417$13,071,674$18,906,161
64$22,645,369$15,190,919$13,461,233$20,377,203
65$24,905,332$15,885,409$13,862,319$21,979,316
66$27,394,240$16,612,358$14,275,271$23,725,046
67$30,135,397$17,373,308$14,700,437$25,628,182
68$33,154,480$18,169,873$15,138,174$27,703,879
69$36,479,786$19,003,746$15,588,852$29,968,799
70$40,142,495$19,876,700$16,052,849$32,441,259
71$44,176,966$20,790,595$16,530,556$35,141,404
72$48,621,061$21,747,379$17,022,375$38,091,382
73$53,516,502$22,749,093$17,528,717$41,315,556
74$58,909,265$23,797,879$18,050,009$44,840,720
75$64,850,014$24,895,978$18,586,688$48,696,349
76$71,394,577$26,045,743$19,139,203$52,914,868
77$78,604,476$27,249,636$19,708,019$57,531,953
78$86,547,505$28,510,242$20,293,611$62,586,856
79$95,298,373$29,830,266$20,896,469$68,122,768
80$104,939,405$31,212,546$21,517,099$74,187,221
81$115,561,321$32,660,058$22,156,018$80,832,523
82$127,264,092$34,175,917$22,813,761$88,116,245
83$140,157,885$35,763,392$23,490,877$96,101,755
84$154,364,099$37,425,909$24,187,932$104,858,801
85$170,016,516$39,167,057$24,905,506$114,464,164
86$187,262,559$40,990,601$25,644,199$125,002,366
87$206,264,685$42,900,486$26,404,625$136,566,461
88$227,201,920$44,900,847$27,187,417$149,258,895
89$250,271,548$46,996,021$27,993,228$163,192,465
90$275,690,972$49,190,551$28,822,727$178,491,365
91$303,699,766$51,489,203$29,676,603$195,292,349
92$334,561,939$53,896,971$30,555,566$213,746,000
93$368,568,425$56,419,091$31,460,346$234,018,142
94$406,039,829$59,061,051$32,391,692$256,291,385
95$447,329,456$61,828,606$33,350,377$280,766,831
96$492,826,641$64,727,789$34,337,196$307,665,957
97$542,960,431$67,764,924$35,352,965$337,232,682
98$598,203,630$70,946,640$36,398,524$369,735,653
99$659,077,265$74,279,889$37,474,739$405,470,758
100$726,155,501$77,771,959$38,582,498$444,763,900