Can I retire at age 57 with 10,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$891,854$883,910$876,159$868,594$861,207$833,306
2 years$441,512$433,289$425,320$417,593$410,099$382,250
3 years$291,417$283,159$275,210$267,556$260,183$233,262
4 years$216,385$208,152$200,283$192,759$185,565$159,777
5 years$171,377$163,194$155,427$148,057$141,064$116,478
6 years$141,382$133,260$125,608$118,403$111,619$88,256
7 years$119,965$111,911$104,381$97,345$90,776$68,633
8 years$103,910$95,929$88,524$81,661$75,307$54,369
9 years$91,429$83,523$76,245$69,557$63,420$43,661
10 years$81,450$73,622$66,472$59,959$54,037$35,428
11 years$73,291$65,541$58,521$52,182$46,473$28,979
12 years$66,496$58,826$51,936$45,771$40,273$23,856
13 years$60,752$53,162$46,401$40,409$35,119$19,738
14 years$55,832$48,322$41,692$35,870$30,785$16,398
15 years$51,572$44,143$37,642$31,990$27,105$13,669
16 years$47,848$40,501$34,128$28,644$23,956$11,425
17 years$44,566$37,300$31,055$25,736$21,241$9,571
18 years$41,651$34,467$28,349$23,193$18,886$8,033
19 years$39,047$31,943$25,953$20,957$16,834$6,752
20 years$36,706$29,683$23,818$18,981$15,036$5,683
21 years$34,590$27,649$21,908$17,226$13,456$4,789
22 years$32,670$25,809$20,192$15,663$12,061$4,038
23 years$30,919$24,139$18,643$14,264$10,827$3,408
24 years$29,316$22,616$17,242$13,010$9,731$2,878
25 years$27,844$21,224$15,970$11,881$8,757$2,432
26 years$26,487$19,948$14,811$10,864$7,888$2,056
27 years$25,233$18,773$13,753$9,944$7,112$1,739
28 years$24,071$17,690$12,785$9,111$6,417$1,471
29 years$22,991$16,688$11,898$8,355$5,794$1,245
30 years$21,984$15,760$11,082$7,667$5,235$1,054
31 years$21,044$14,899$10,332$7,042$4,733$892
32 years$20,165$14,097$9,640$6,472$4,282$755
33 years$19,341$13,350$9,001$5,951$3,875$639
34 years$18,567$12,653$8,410$5,476$3,508$542
35 years$17,839$12,001$7,863$5,041$3,178$459
36 years$17,153$11,391$7,355$4,642$2,879$389
37 years$16,505$10,819$6,884$4,277$2,609$329
38 years$15,893$10,282$6,447$3,942$2,366$279
39 years$15,314$9,777$6,040$3,635$2,145$236
40 years$14,765$9,302$5,661$3,353$1,946$200
41 years$14,245$8,854$5,309$3,093$1,765$170
42 years$13,750$8,433$4,980$2,855$1,602$144
43 years$13,280$8,035$4,673$2,635$1,454$122
44 years$12,832$7,659$4,386$2,433$1,320$103
45 years$12,405$7,303$4,118$2,247$1,198$87
46 years$11,998$6,967$3,868$2,076$1,088$74
47 years$11,610$6,649$3,634$1,918$988$63
48 years$11,239$6,347$3,415$1,772$897$53
49 years$10,884$6,061$3,210$1,638$815$45
50 years$10,545$5,790$3,018$1,514$740$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,800,000, adding $4,990 every year, while hoping to spend $50,179 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: 57/16/27 Blend
56$10,800,000$10,800,000$10,800,000$10,800,000
57$11,906,747$11,334,347$11,166,947$12,497,156
58$13,067,845$11,836,340$11,487,650$13,404,625
59$14,345,694$12,361,249$11,817,414$14,387,538
60$15,752,148$12,910,144$12,156,491$15,457,863
61$17,300,271$13,484,145$12,505,137$16,624,063
62$19,004,457$14,084,426$12,863,618$17,895,452
63$20,880,566$14,712,217$13,232,203$19,282,275
64$22,946,074$15,368,806$13,611,172$20,795,802
65$25,220,238$16,055,542$14,000,811$22,448,436
66$27,724,277$16,773,839$14,401,414$24,253,825
67$30,481,573$17,525,177$14,813,281$26,226,988
68$33,517,890$18,311,107$15,236,722$28,384,457
69$36,861,618$19,133,254$15,672,055$30,744,425
70$40,544,040$19,993,321$16,119,607$33,326,920
71$44,599,630$20,893,091$16,579,711$36,153,988
72$49,066,373$21,834,433$17,052,712$39,249,900
73$53,986,127$22,819,305$17,538,962$42,641,376
74$59,405,019$23,849,757$18,038,824$46,357,834
75$65,373,874$24,927,939$18,552,668$50,431,667
76$71,948,704$26,056,103$19,080,877$54,898,539
77$79,191,228$27,236,607$19,623,842$59,797,726
78$87,169,457$28,471,925$20,181,965$65,172,475
79$95,958,338$29,764,646$20,755,657$71,070,414
80$105,640,459$31,117,484$21,345,342$77,543,992
81$116,306,830$32,533,285$21,951,455$84,650,977
82$128,057,738$34,015,027$22,574,440$92,454,986
83$141,003,698$35,565,834$23,214,755$101,026,091
84$155,266,495$37,188,980$23,872,869$110,441,471
85$170,980,330$38,887,893$24,549,263$120,786,131
86$188,293,091$40,666,167$25,244,430$132,153,709
87$207,367,745$42,527,568$25,958,878$144,647,344
88$228,383,881$44,476,044$26,693,126$158,380,650
89$251,539,398$46,515,731$27,447,706$173,478,779
90$277,052,379$48,650,965$28,223,167$190,079,599
91$305,163,146$50,886,287$29,020,068$208,334,985
92$336,136,532$53,226,460$29,838,986$228,412,248
93$370,264,376$55,676,474$30,680,509$250,495,708
94$407,868,281$58,241,560$31,545,244$274,788,422
95$449,302,647$60,927,198$32,433,812$301,514,097
96$494,958,020$63,739,134$33,346,847$330,919,195
97$545,264,776$66,683,389$34,285,005$363,275,242
98$600,697,184$69,766,276$35,248,953$398,881,395
99$661,777,883$72,994,410$36,239,379$438,067,245
100$729,082,815$76,374,724$37,256,986$481,195,925