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%13.8%
1 years$883,596$875,725$868,047$860,552$853,233$839,789
2 years$437,424$429,277$421,382$413,727$406,301$392,792
3 years$288,719$280,537$272,662$265,079$257,774$244,619
4 years$214,381$206,225$198,428$190,974$183,847$171,148
5 years$169,790$161,683$153,988$146,687$139,757$127,551
6 years$140,073$132,026$124,445$117,306$110,585$98,886
7 years$118,854$110,875$103,415$96,444$89,935$78,746
8 years$102,948$95,041$87,704$80,905$74,610$63,929
9 years$90,582$82,750$75,539$68,913$62,833$52,655
10 years$80,696$72,940$65,857$59,403$53,536$43,853
11 years$72,612$64,934$57,979$51,699$46,043$36,845
12 years$65,881$58,281$51,455$45,347$39,900$31,175
13 years$60,189$52,669$45,972$40,034$34,794$26,529
14 years$55,315$47,875$41,306$35,538$30,500$22,682
15 years$51,094$43,735$37,294$31,694$26,854$19,470
16 years$47,405$40,126$33,812$28,378$23,734$16,767
17 years$44,153$36,954$30,768$25,498$21,044$14,480
18 years$41,266$34,147$28,087$22,979$18,712$12,534
19 years$38,685$31,648$25,712$20,763$16,678$10,871
20 years$36,366$29,408$23,597$18,805$14,897$9,446
21 years$34,270$27,393$21,705$17,067$13,331$8,219
22 years$32,367$25,570$20,005$15,518$11,950$7,161
23 years$30,633$23,915$18,471$14,132$10,727$6,246
24 years$29,045$22,407$17,082$12,889$9,641$5,453
25 years$27,586$21,028$15,822$11,771$8,676$4,764
26 years$26,242$19,763$14,674$10,763$7,815$4,166
27 years$25,000$18,599$13,626$9,852$7,046$3,645
28 years$23,848$17,526$12,667$9,026$6,357$3,191
29 years$22,778$16,534$11,788$8,277$5,741$2,794
30 years$21,781$15,614$10,980$7,596$5,187$2,448
31 years$20,850$14,761$10,236$6,977$4,690$2,146
32 years$19,979$13,967$9,551$6,412$4,242$1,881
33 years$19,162$13,227$8,917$5,896$3,839$1,650
34 years$18,395$12,536$8,332$5,425$3,476$1,447
35 years$17,674$11,890$7,790$4,994$3,148$1,270
36 years$16,994$11,285$7,287$4,599$2,852$1,115
37 years$16,353$10,718$6,821$4,238$2,585$978
38 years$15,746$10,186$6,387$3,906$2,344$859
39 years$15,172$9,686$5,984$3,602$2,125$754
40 years$14,629$9,216$5,609$3,322$1,928$662
41 years$14,113$8,772$5,259$3,065$1,749$581
42 years$13,623$8,355$4,933$2,828$1,587$510
43 years$13,157$7,960$4,629$2,611$1,440$448
44 years$12,713$7,588$4,345$2,411$1,307$394
45 years$12,290$7,236$4,080$2,226$1,187$346
46 years$11,887$6,903$3,832$2,057$1,078$304
47 years$11,503$6,587$3,600$1,900$979$267
48 years$11,135$6,288$3,383$1,756$889$234
49 years$10,783$6,005$3,180$1,623$807$206
50 years$10,447$5,736$2,990$1,500$733$181

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 $6,506 every year, while hoping to spend $35,745 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: 57/27/16 Blend
56$10,700,000$10,700,000$10,700,000$10,700,000
57$11,798,111$11,231,011$11,065,161$12,421,045
58$12,963,486$11,743,298$11,397,811$13,356,599
59$14,246,531$12,279,489$11,740,408$14,371,140
60$15,659,211$12,840,718$12,093,245$15,475,897
61$17,214,710$13,428,172$12,456,628$16,679,540
62$18,927,554$14,043,097$12,830,869$17,991,597
63$20,813,753$14,686,797$13,216,292$19,422,546
64$22,890,945$15,360,639$13,613,226$20,983,910
65$25,178,567$16,066,056$14,022,015$22,688,361
66$27,698,038$16,804,551$14,443,010$24,549,835
67$30,472,961$17,577,696$14,876,573$26,583,664
68$33,529,341$18,387,141$15,323,077$28,806,714
69$36,895,838$19,234,616$15,782,905$31,237,538
70$40,604,034$20,121,932$16,256,452$33,896,553
71$44,688,726$21,050,988$16,744,124$36,806,224
72$49,188,265$22,023,775$17,246,341$39,991,270
73$54,144,907$23,042,379$17,763,533$43,478,900
74$59,605,219$24,108,987$18,296,142$47,299,054
75$65,620,515$25,225,891$18,844,627$51,484,691
76$72,247,342$26,395,493$19,409,456$56,072,088
77$79,548,011$27,620,313$19,991,113$61,101,180
78$87,591,189$28,902,989$20,590,096$66,615,927
79$96,452,543$30,246,288$21,206,917$72,664,729
80$106,215,457$31,653,111$21,842,104$79,300,872
81$116,971,819$33,126,499$22,496,199$86,583,023
82$128,822,884$34,669,637$23,169,762$94,575,783
83$141,880,237$36,285,868$23,863,367$103,350,281
84$156,266,838$37,978,692$24,577,607$112,984,845
85$172,118,189$39,751,782$25,313,090$123,565,731
86$189,583,610$41,608,985$26,070,444$135,187,924
87$208,827,649$43,554,336$26,850,315$147,956,035
88$230,031,635$45,592,064$27,653,366$161,985,271
89$253,395,390$47,726,603$28,480,282$177,402,518
90$279,139,114$49,962,602$29,331,767$194,347,525
91$307,505,467$52,304,932$30,208,544$212,974,215
92$338,761,853$54,758,703$31,111,359$233,452,129
93$373,202,952$57,329,269$32,040,979$255,968,008
94$411,153,496$60,022,246$32,998,195$280,727,552
95$452,971,336$62,843,520$33,983,818$307,957,343
96$499,050,822$65,799,262$34,998,686$337,906,974
97$549,826,523$68,895,942$36,043,658$370,851,391
98$605,777,329$72,140,344$37,119,622$407,093,472
99$667,430,975$75,539,580$38,227,488$446,966,873
100$735,369,021$79,101,105$39,368,194$490,839,163