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%14.3%
1 years$875,338$867,541$859,934$852,509$845,259$830,231
2 years$433,336$425,265$417,444$409,860$402,504$387,415
3 years$286,021$277,916$270,114$262,601$255,365$240,685
4 years$212,378$204,297$196,574$189,189$182,129$167,971
5 years$168,204$160,172$152,549$145,316$138,451$124,856
6 years$138,764$130,792$123,282$116,210$109,552$96,534
7 years$117,743$109,839$102,448$95,543$89,095$76,658
8 years$101,985$94,152$86,884$80,148$73,913$62,055
9 years$89,736$81,977$74,833$68,269$62,245$50,959
10 years$79,942$72,258$65,241$58,848$53,036$42,311
11 years$71,933$64,327$57,438$51,216$45,613$35,438
12 years$65,265$57,737$50,974$44,923$39,527$29,888
13 years$59,627$52,177$45,542$39,660$34,468$25,350
14 years$54,798$47,428$40,920$35,206$30,215$21,602
15 years$50,617$43,326$36,945$31,398$26,603$18,478
16 years$46,962$39,751$33,496$28,113$23,512$15,858
17 years$43,741$36,609$30,480$25,259$20,848$13,646
18 years$40,880$33,828$27,824$22,764$18,537$11,769
19 years$38,324$31,352$25,472$20,569$16,522$10,171
20 years$36,026$29,134$23,377$18,629$14,758$8,804
21 years$33,950$27,137$21,502$16,907$13,207$7,632
22 years$32,065$25,331$19,818$15,373$11,838$6,624
23 years$30,346$23,692$18,298$14,000$10,626$5,755
24 years$28,773$22,198$16,923$12,769$9,551$5,004
25 years$27,328$20,831$15,674$11,661$8,595$4,355
26 years$25,997$19,578$14,537$10,662$7,742$3,793
27 years$24,766$18,425$13,499$9,760$6,980$3,305
28 years$23,625$17,362$12,549$8,942$6,298$2,882
29 years$22,565$16,379$11,678$8,200$5,687$2,514
30 years$21,577$15,468$10,877$7,525$5,139$2,193
31 years$20,655$14,623$10,141$6,912$4,646$1,914
32 years$19,792$13,836$9,461$6,352$4,202$1,672
33 years$18,983$13,103$8,834$5,841$3,803$1,460
34 years$18,223$12,419$8,254$5,374$3,443$1,275
35 years$17,509$11,779$7,717$4,947$3,119$1,114
36 years$16,835$11,180$7,219$4,556$2,826$974
37 years$16,200$10,618$6,757$4,198$2,561$851
38 years$15,599$10,091$6,328$3,869$2,322$744
39 years$15,031$9,596$5,928$3,568$2,106$650
40 years$14,492$9,130$5,556$3,291$1,910$569
41 years$13,981$8,690$5,210$3,036$1,733$497
42 years$13,495$8,277$4,887$2,802$1,572$435
43 years$13,034$7,886$4,586$2,587$1,427$380
44 years$12,594$7,517$4,305$2,388$1,295$332
45 years$12,176$7,168$4,042$2,206$1,176$291
46 years$11,776$6,838$3,796$2,037$1,068$254
47 years$11,395$6,526$3,567$1,882$969$222
48 years$11,031$6,230$3,352$1,739$880$195
49 years$10,683$5,949$3,150$1,607$800$170
50 years$10,349$5,683$2,962$1,486$726$149

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 $3,442 every year, while hoping to spend $34,299 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: 65/14/21 Blend
56$10,600,000$10,600,000$10,600,000$10,600,000
57$11,684,750$11,122,950$10,958,650$12,381,429
58$12,840,101$11,631,481$11,289,271$13,358,657
59$14,112,148$12,163,780$11,629,819$14,422,001
60$15,512,758$12,720,976$11,980,588$15,583,312
61$17,055,007$13,304,252$12,341,886$16,852,197
62$18,753,304$13,914,846$12,714,025$18,239,227
63$20,623,525$14,554,058$13,097,329$19,756,037
64$22,683,167$15,223,249$13,492,132$21,415,429
65$24,951,508$15,923,846$13,898,776$23,231,498
66$27,449,791$16,657,344$14,317,614$25,219,757
67$30,201,425$17,425,310$14,749,011$27,397,283
68$33,232,207$18,229,386$15,193,339$29,782,875
69$36,570,561$19,071,295$15,650,984$32,397,231
70$40,247,810$19,952,841$16,122,344$35,263,140
71$44,298,471$20,875,914$16,607,827$38,405,691
72$48,760,579$21,842,497$17,107,853$41,852,512
73$53,676,047$22,854,668$17,622,855$45,634,025
74$59,091,062$23,914,606$18,153,279$49,783,730
75$65,056,520$25,024,592$18,699,584$54,338,520
76$71,628,508$26,187,019$19,262,243$59,339,022
77$78,868,830$27,404,397$19,841,742$64,829,981
78$86,845,592$28,679,354$20,438,581$70,860,677
79$95,633,846$30,014,646$21,053,278$77,485,386
80$105,316,297$31,413,163$21,686,362$84,763,891
81$115,984,084$32,877,933$22,338,379$92,762,036
82$127,737,640$34,412,130$23,009,894$101,552,350
83$140,687,638$36,019,083$23,701,484$111,214,724
84$154,956,040$37,702,281$24,413,747$121,837,161
85$170,677,244$39,465,381$25,147,295$133,516,600
86$187,999,355$41,312,217$25,902,762$146,359,830
87$207,085,582$43,246,808$26,680,797$160,484,489
88$228,115,778$45,273,369$27,482,071$176,020,171
89$251,288,140$47,396,316$28,307,272$193,109,641
90$276,821,075$49,620,281$29,157,111$211,910,180
91$304,955,269$51,950,119$30,032,319$232,595,062
92$335,955,952$54,390,920$30,933,647$255,355,184
93$370,115,405$56,948,020$31,861,869$280,400,857
94$407,755,718$59,627,015$32,817,784$307,963,790
95$449,231,832$62,433,770$33,802,210$338,299,267
96$494,934,888$65,374,434$34,815,993$371,688,549
97$545,295,920$68,455,455$35,860,003$408,441,521
98$600,789,924$71,683,592$36,935,133$448,899,611
99$661,940,342$75,065,934$38,042,306$493,439,000
100$729,324,003$78,609,911$39,182,469$542,474,168