Can I retire at age 57 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$883,596$875,725$868,047$860,552$853,233$840,830
2 years$437,424$429,277$421,382$413,727$406,301$393,831
3 years$288,719$280,537$272,662$265,079$257,774$245,625
4 years$214,381$206,225$198,428$190,974$183,847$172,112
5 years$169,790$161,683$153,988$146,687$139,757$128,471
6 years$140,073$132,026$124,445$117,306$110,585$99,761
7 years$118,854$110,875$103,415$96,444$89,935$79,577
8 years$102,948$95,041$87,704$80,905$74,610$64,715
9 years$90,582$82,750$75,539$68,913$62,833$53,397
10 years$80,696$72,940$65,857$59,403$53,536$44,553
11 years$72,612$64,934$57,979$51,699$46,043$37,503
12 years$65,881$58,281$51,455$45,347$39,900$31,793
13 years$60,189$52,669$45,972$40,034$34,794$27,108
14 years$55,315$47,875$41,306$35,538$30,500$23,224
15 years$51,094$43,735$37,294$31,694$26,854$19,976
16 years$47,405$40,126$33,812$28,378$23,734$17,239
17 years$44,153$36,954$30,768$25,498$21,044$14,919
18 years$41,266$34,147$28,087$22,979$18,712$12,942
19 years$38,685$31,648$25,712$20,763$16,678$11,250
20 years$36,366$29,408$23,597$18,805$14,897$9,797
21 years$34,270$27,393$21,705$17,067$13,331$8,544
22 years$32,367$25,570$20,005$15,518$11,950$7,461
23 years$30,633$23,915$18,471$14,132$10,727$6,522
24 years$29,045$22,407$17,082$12,889$9,641$5,708
25 years$27,586$21,028$15,822$11,771$8,676$4,999
26 years$26,242$19,763$14,674$10,763$7,815$4,381
27 years$25,000$18,599$13,626$9,852$7,046$3,842
28 years$23,848$17,526$12,667$9,026$6,357$3,372
29 years$22,778$16,534$11,788$8,277$5,741$2,960
30 years$21,781$15,614$10,980$7,596$5,187$2,600
31 years$20,850$14,761$10,236$6,977$4,690$2,285
32 years$19,979$13,967$9,551$6,412$4,242$2,008
33 years$19,162$13,227$8,917$5,896$3,839$1,766
34 years$18,395$12,536$8,332$5,425$3,476$1,553
35 years$17,674$11,890$7,790$4,994$3,148$1,366
36 years$16,994$11,285$7,287$4,599$2,852$1,202
37 years$16,353$10,718$6,821$4,238$2,585$1,057
38 years$15,746$10,186$6,387$3,906$2,344$931
39 years$15,172$9,686$5,984$3,602$2,125$819
40 years$14,629$9,216$5,609$3,322$1,928$721
41 years$14,113$8,772$5,259$3,065$1,749$635
42 years$13,623$8,355$4,933$2,828$1,587$559
43 years$13,157$7,960$4,629$2,611$1,440$492
44 years$12,713$7,588$4,345$2,411$1,307$433
45 years$12,290$7,236$4,080$2,226$1,187$382
46 years$11,887$6,903$3,832$2,057$1,078$336
47 years$11,503$6,587$3,600$1,900$979$296
48 years$11,135$6,288$3,383$1,756$889$261
49 years$10,783$6,005$3,180$1,623$807$230
50 years$10,447$5,736$2,990$1,500$733$202

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,700,000, adding $6,271 every year, while hoping to spend $41,967 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: 59/11/30 Blend
56$10,700,000$10,700,000$10,700,000$10,700,000
57$11,797,869$11,230,769$11,064,919$12,396,845
58$12,956,599$11,736,424$11,390,941$13,313,525
59$14,232,112$12,265,449$11,726,478$14,308,023
60$15,636,278$12,818,946$12,071,805$15,392,029
61$17,182,172$13,398,068$12,427,204$16,574,268
62$18,884,203$14,004,023$12,792,965$17,864,337
63$20,758,249$14,638,078$13,169,387$19,272,798
64$22,821,806$15,301,559$13,556,776$20,811,274
65$25,094,150$15,995,856$13,955,449$22,492,559
66$27,596,527$16,722,426$14,365,730$24,330,732
67$30,352,343$17,482,795$14,787,952$26,341,294
68$33,387,393$18,278,563$15,222,459$28,541,307
69$36,730,100$19,111,405$15,669,605$30,949,552
70$40,411,785$19,983,079$16,129,751$33,586,710
71$44,466,961$20,895,424$16,603,272$36,475,549
72$48,933,660$21,850,368$17,090,550$39,641,139
73$53,853,791$22,849,934$17,591,981$43,111,082
74$59,273,535$23,896,238$18,107,970$46,915,776
75$65,243,783$24,991,501$18,638,935$51,088,695
76$71,820,613$26,138,049$19,185,304$55,666,700
77$79,065,822$27,338,320$19,747,517$60,690,390
78$87,047,507$28,594,869$20,326,030$66,204,474
79$95,840,708$29,910,373$20,921,307$72,258,197
80$105,528,118$31,287,638$21,533,829$78,905,796
81$116,200,860$32,729,607$22,164,087$86,207,011
82$127,959,352$34,239,362$22,812,588$94,227,643
83$140,914,250$35,820,135$23,479,853$103,040,173
84$155,187,492$37,475,311$24,166,418$112,724,441
85$170,913,456$39,208,440$24,872,832$123,368,395
86$188,240,218$41,023,243$25,599,661$135,068,918
87$207,330,957$42,923,619$26,347,487$147,932,737
88$228,365,495$44,913,656$27,116,908$162,077,423
89$251,541,989$46,997,639$27,908,538$177,632,501
90$277,078,806$49,180,058$28,723,008$194,740,664
91$305,216,585$51,465,621$29,560,969$213,559,112
92$336,220,502$53,859,262$30,423,088$234,261,037
93$370,382,782$56,366,155$31,310,049$257,037,246
94$408,025,449$58,991,720$32,222,560$282,097,959
95$449,503,373$61,741,642$33,161,343$309,674,783
96$495,207,614$64,621,879$34,127,145$340,022,899
97$545,569,116$67,638,677$35,120,730$373,423,456
98$601,062,778$70,798,584$36,142,886$410,186,222
99$662,211,929$74,108,462$37,194,421$450,652,500
100$729,593,277$77,575,509$38,276,165$495,198,342