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%19.6%
1 years$891,854$883,910$876,159$868,594$861,207$828,019
2 years$441,512$433,289$425,320$417,593$410,099$377,058
3 years$291,417$283,159$275,210$267,556$260,183$228,330
4 years$216,385$208,152$200,283$192,759$185,565$155,141
5 years$171,377$163,194$155,427$148,057$141,064$112,148
6 years$141,382$133,260$125,608$118,403$111,619$84,230
7 years$119,965$111,911$104,381$97,345$90,776$64,906
8 years$103,910$95,929$88,524$81,661$75,307$50,931
9 years$91,429$83,523$76,245$69,557$63,420$40,502
10 years$81,450$73,622$66,472$59,959$54,037$32,534
11 years$73,291$65,541$58,521$52,182$46,473$26,337
12 years$66,496$58,826$51,936$45,771$40,273$21,450
13 years$60,752$53,162$46,401$40,409$35,119$17,555
14 years$55,832$48,322$41,692$35,870$30,785$14,422
15 years$51,572$44,143$37,642$31,990$27,105$11,886
16 years$47,848$40,501$34,128$28,644$23,956$9,820
17 years$44,566$37,300$31,055$25,736$21,241$8,130
18 years$41,651$34,467$28,349$23,193$18,886$6,742
19 years$39,047$31,943$25,953$20,957$16,834$5,599
20 years$36,706$29,683$23,818$18,981$15,036$4,655
21 years$34,590$27,649$21,908$17,226$13,456$3,874
22 years$32,670$25,809$20,192$15,663$12,061$3,227
23 years$30,919$24,139$18,643$14,264$10,827$2,689
24 years$29,316$22,616$17,242$13,010$9,731$2,242
25 years$27,844$21,224$15,970$11,881$8,757$1,871
26 years$26,487$19,948$14,811$10,864$7,888$1,561
27 years$25,233$18,773$13,753$9,944$7,112$1,303
28 years$24,071$17,690$12,785$9,111$6,417$1,088
29 years$22,991$16,688$11,898$8,355$5,794$909
30 years$21,984$15,760$11,082$7,667$5,235$759
31 years$21,044$14,899$10,332$7,042$4,733$634
32 years$20,165$14,097$9,640$6,472$4,282$530
33 years$19,341$13,350$9,001$5,951$3,875$443
34 years$18,567$12,653$8,410$5,476$3,508$370
35 years$17,839$12,001$7,863$5,041$3,178$309
36 years$17,153$11,391$7,355$4,642$2,879$259
37 years$16,505$10,819$6,884$4,277$2,609$216
38 years$15,893$10,282$6,447$3,942$2,366$181
39 years$15,314$9,777$6,040$3,635$2,145$151
40 years$14,765$9,302$5,661$3,353$1,946$126
41 years$14,245$8,854$5,309$3,093$1,765$106
42 years$13,750$8,433$4,980$2,855$1,602$88
43 years$13,280$8,035$4,673$2,635$1,454$74
44 years$12,832$7,659$4,386$2,433$1,320$62
45 years$12,405$7,303$4,118$2,247$1,198$52
46 years$11,998$6,967$3,868$2,076$1,088$43
47 years$11,610$6,649$3,634$1,918$988$36
48 years$11,239$6,347$3,415$1,772$897$30
49 years$10,884$6,061$3,210$1,638$815$25
50 years$10,545$5,790$3,018$1,514$740$21

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 $4,737 every year, while hoping to spend $44,547 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: 24/47/29 Blend
56$10,800,000$10,800,000$10,800,000$10,800,000
57$11,906,486$11,334,086$11,166,686$12,083,616
58$13,073,550$11,842,059$11,493,373$12,743,631
59$14,358,162$12,373,429$11,829,510$13,446,198
60$15,772,263$12,929,296$12,175,368$14,198,005
61$17,329,015$13,510,812$12,531,223$15,003,186
62$19,042,916$14,119,184$12,897,361$15,866,255
63$20,929,946$14,755,676$13,274,075$16,792,150
64$23,007,709$15,421,613$13,661,665$17,786,269
65$25,295,605$16,118,382$14,060,440$18,854,522
66$27,815,012$16,847,437$14,470,720$20,003,374
67$30,589,484$17,610,303$14,892,831$21,239,905
68$33,644,979$18,408,576$15,327,108$22,571,867
69$37,010,099$19,243,928$15,773,898$24,007,754
70$40,716,361$20,118,112$16,233,556$25,556,871
71$44,798,495$21,032,965$16,706,445$27,229,420
72$49,294,773$21,990,412$17,192,942$29,036,584
73$54,247,366$22,992,468$17,693,432$30,990,626
74$59,702,747$24,041,248$18,208,311$33,104,998
75$65,712,123$25,138,966$18,737,986$35,394,458
76$72,331,927$26,287,942$19,282,876$37,875,200
77$79,624,341$27,490,609$19,843,410$40,564,998
78$87,657,891$28,749,516$20,420,031$43,483,366
79$96,508,086$30,067,332$21,013,192$46,651,726
80$106,258,137$31,446,858$21,623,360$50,093,608
81$116,999,740$32,891,027$22,251,015$53,834,852
82$128,833,939$34,402,913$22,896,650$57,903,847
83$141,872,083$35,985,738$23,560,771$62,331,783
84$156,236,877$37,642,880$24,243,898$67,152,933
85$172,063,535$39,377,878$24,946,565$72,404,965
86$189,501,063$41,194,442$25,669,323$78,129,282
87$208,713,661$43,096,459$26,412,735$84,371,397
88$229,882,274$45,088,005$27,177,381$91,181,349
89$253,206,300$47,173,352$27,963,857$98,614,161
90$278,905,472$49,356,975$28,772,775$106,730,338
91$307,221,931$51,643,567$29,604,764$115,596,424
92$338,422,514$54,038,048$30,460,470$125,285,611
93$372,801,271$56,545,573$31,340,556$135,878,410
94$410,682,240$59,171,546$32,245,704$147,463,391
95$452,422,509$61,921,632$33,176,615$160,138,001
96$498,415,581$64,801,768$34,134,008$174,009,457
97$549,095,094$67,818,179$35,118,622$189,195,737
98$604,938,914$70,977,390$36,131,215$205,826,672
99$666,473,641$74,286,239$37,172,569$224,045,143
100$734,279,585$77,751,898$38,243,483$244,008,406