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

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$891,854$883,910$876,159$868,594$861,207$849,390
2 years$441,512$433,289$425,320$417,593$410,099$398,214
3 years$291,417$283,159$275,210$267,556$260,183$248,600
4 years$216,385$208,152$200,283$192,759$185,565$174,373
5 years$171,377$163,194$155,427$148,057$141,064$130,295
6 years$141,382$133,260$125,608$118,403$111,619$101,287
7 years$119,965$111,911$104,381$97,345$90,776$80,884
8 years$103,910$95,929$88,524$81,661$75,307$65,854
9 years$91,429$83,523$76,245$69,557$63,420$54,401
10 years$81,450$73,622$66,472$59,959$54,037$45,446
11 years$73,291$65,541$58,521$52,182$46,473$38,303
12 years$66,496$58,826$51,936$45,771$40,273$32,512
13 years$60,752$53,162$46,401$40,409$35,119$27,758
14 years$55,832$48,322$41,692$35,870$30,785$23,813
15 years$51,572$44,143$37,642$31,990$27,105$20,510
16 years$47,848$40,501$34,128$28,644$23,956$17,725
17 years$44,566$37,300$31,055$25,736$21,241$15,361
18 years$41,651$34,467$28,349$23,193$18,886$13,345
19 years$39,047$31,943$25,953$20,957$16,834$11,617
20 years$36,706$29,683$23,818$18,981$15,036$10,131
21 years$34,590$27,649$21,908$17,226$13,456$8,849
22 years$32,670$25,809$20,192$15,663$12,061$7,739
23 years$30,919$24,139$18,643$14,264$10,827$6,776
24 years$29,316$22,616$17,242$13,010$9,731$5,939
25 years$27,844$21,224$15,970$11,881$8,757$5,209
26 years$26,487$19,948$14,811$10,864$7,888$4,573
27 years$25,233$18,773$13,753$9,944$7,112$4,017
28 years$24,071$17,690$12,785$9,111$6,417$3,531
29 years$22,991$16,688$11,898$8,355$5,794$3,105
30 years$21,984$15,760$11,082$7,667$5,235$2,732
31 years$21,044$14,899$10,332$7,042$4,733$2,404
32 years$20,165$14,097$9,640$6,472$4,282$2,117
33 years$19,341$13,350$9,001$5,951$3,875$1,864
34 years$18,567$12,653$8,410$5,476$3,508$1,642
35 years$17,839$12,001$7,863$5,041$3,178$1,447
36 years$17,153$11,391$7,355$4,642$2,879$1,275
37 years$16,505$10,819$6,884$4,277$2,609$1,124
38 years$15,893$10,282$6,447$3,942$2,366$991
39 years$15,314$9,777$6,040$3,635$2,145$874
40 years$14,765$9,302$5,661$3,353$1,946$770
41 years$14,245$8,854$5,309$3,093$1,765$679
42 years$13,750$8,433$4,980$2,855$1,602$599
43 years$13,280$8,035$4,673$2,635$1,454$529
44 years$12,832$7,659$4,386$2,433$1,320$466
45 years$12,405$7,303$4,118$2,247$1,198$411
46 years$11,998$6,967$3,868$2,076$1,088$363
47 years$11,610$6,649$3,634$1,918$988$320
48 years$11,239$6,347$3,415$1,772$897$282
49 years$10,884$6,061$3,210$1,638$815$249
50 years$10,545$5,790$3,018$1,514$740$220

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 $6,733 every year, while hoping to spend $47,366 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: 48/36/16 Blend
56$10,800,000$10,800,000$10,800,000$10,800,000
57$11,908,545$11,336,145$11,168,745$12,426,490
58$13,072,820$11,841,219$11,492,501$13,290,743
59$14,354,263$12,369,454$11,825,515$14,223,240
60$15,764,775$12,921,935$12,168,048$15,234,742
61$17,317,471$13,499,799$12,520,366$16,332,662
62$19,026,800$14,104,236$12,882,745$17,525,136
63$20,908,683$14,736,493$13,255,466$18,821,105
64$22,980,664$15,397,876$13,638,820$20,230,390
65$25,262,075$16,089,756$14,033,104$21,763,783
66$27,774,218$16,813,565$14,438,624$23,433,143
67$30,540,564$17,570,806$14,855,694$25,251,508
68$33,586,980$18,363,053$15,284,638$27,233,205
69$36,941,964$19,191,956$15,725,786$29,393,989
70$40,636,925$20,059,241$16,179,480$31,751,180
71$44,706,468$20,966,721$16,646,069$34,323,827
72$49,188,729$21,916,291$17,125,913$37,132,878
73$54,125,729$22,909,940$17,619,382$40,201,371
74$59,563,776$23,949,749$18,126,853$43,554,651
75$65,553,896$25,037,902$18,648,718$47,220,598
76$72,152,319$26,176,684$19,185,375$51,229,885
77$79,421,006$27,368,493$19,737,236$55,616,260
78$87,428,238$28,615,838$20,304,723$60,416,858
79$96,249,255$29,921,351$20,888,268$65,672,545
80$105,966,972$31,287,790$21,488,318$71,428,294
81$116,672,755$32,718,043$22,105,328$77,733,600
82$128,467,287$34,215,139$22,739,768$84,642,944
83$141,461,521$35,782,251$23,392,121$92,216,291
84$155,777,719$37,422,705$24,062,880$100,519,653
85$171,550,614$39,139,984$24,752,554$109,625,697
86$188,928,676$40,937,744$25,461,664$119,614,425
87$208,075,518$42,819,810$26,190,746$130,573,915
88$229,171,435$44,790,195$26,940,351$142,601,143
89$252,415,110$46,853,103$27,711,041$155,802,886
90$278,025,489$49,012,942$28,503,398$170,296,716
91$306,243,843$51,274,331$29,318,016$186,212,101
92$337,336,051$53,642,109$30,155,506$203,691,608
93$371,595,108$56,121,352$31,016,496$222,892,241
94$409,343,888$58,717,378$31,901,627$243,986,903
95$450,938,195$61,435,760$32,811,562$267,166,013
96$496,770,121$64,282,341$33,746,979$292,639,292
97$547,271,744$67,263,247$34,708,573$320,637,720
98$602,919,211$70,384,895$35,697,060$351,415,702
99$664,237,231$73,654,015$36,713,172$385,253,452
100$731,804,027$77,077,661$37,757,662$422,459,614