Can I retire at age 57 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$900,112$892,094$884,272$876,637$869,181$840,350
2 years$445,600$437,301$429,258$421,460$413,896$385,128
3 years$294,116$285,781$277,758$270,033$262,593$234,792
4 years$218,389$210,079$202,137$194,544$187,283$160,663
5 years$172,964$164,705$156,867$149,428$142,370$117,000
6 years$142,691$134,494$126,772$119,499$112,652$88,554
7 years$121,076$112,948$105,348$98,247$91,616$68,786
8 years$104,872$96,817$89,343$82,417$76,005$54,426
9 years$92,275$84,297$76,951$70,201$64,007$43,654
10 years$82,204$74,303$67,088$60,514$54,537$35,377
11 years$73,969$66,148$59,063$52,665$46,904$28,901
12 years$67,112$59,371$52,417$46,194$40,646$23,759
13 years$61,314$53,654$46,831$40,783$35,444$19,631
14 years$56,349$48,770$42,078$36,202$31,070$16,287
15 years$52,049$44,552$37,991$32,286$27,356$13,557
16 years$48,291$40,876$34,444$28,909$24,178$11,315
17 years$44,978$37,645$31,343$25,974$21,438$9,465
18 years$42,037$34,786$28,612$23,408$19,061$7,932
19 years$39,408$32,239$26,193$21,151$16,990$6,657
20 years$37,046$29,958$24,039$19,156$15,176$5,595
21 years$34,911$27,905$22,111$17,386$13,580$4,707
22 years$32,972$26,048$20,379$15,808$12,173$3,963
23 years$31,205$24,362$18,816$14,396$10,927$3,340
24 years$29,588$22,826$17,402$13,130$9,822$2,816
25 years$28,102$21,421$16,117$11,991$8,838$2,376
26 years$26,733$20,132$14,948$10,964$7,961$2,005
27 years$25,467$18,947$13,881$10,036$7,177$1,693
28 years$24,294$17,853$12,904$9,195$6,476$1,430
29 years$23,203$16,843$12,008$8,432$5,848$1,208
30 years$22,188$15,906$11,185$7,738$5,284$1,021
31 years$21,239$15,037$10,428$7,107$4,777$863
32 years$20,352$14,228$9,729$6,532$4,321$729
33 years$19,520$13,474$9,084$6,006$3,911$616
34 years$18,739$12,770$8,488$5,526$3,541$521
35 years$18,004$12,112$7,935$5,087$3,207$441
36 years$17,312$11,496$7,423$4,685$2,906$373
37 years$16,658$10,919$6,948$4,317$2,634$315
38 years$16,041$10,377$6,507$3,979$2,388$267
39 years$15,456$9,867$6,096$3,669$2,165$225
40 years$14,902$9,388$5,714$3,384$1,964$191
41 years$14,376$8,936$5,358$3,122$1,782$161
42 years$13,877$8,511$5,026$2,881$1,617$136
43 years$13,403$8,109$4,716$2,660$1,467$115
44 years$12,951$7,730$4,427$2,456$1,332$98
45 years$12,520$7,371$4,157$2,268$1,209$83
46 years$12,110$7,032$3,904$2,095$1,098$70
47 years$11,718$6,710$3,668$1,936$997$59
48 years$11,343$6,406$3,447$1,789$905$50
49 years$10,985$6,117$3,240$1,653$822$42
50 years$10,642$5,843$3,046$1,528$747$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,900,000, adding $2,130 every year, while hoping to spend $57,906 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: 50/30/20 Blend
56$10,900,000$10,900,000$10,900,000$10,900,000
57$12,013,997$11,436,297$11,267,347$12,547,517
58$13,177,813$11,935,064$11,583,192$13,415,646
59$14,458,398$12,456,330$11,907,676$14,352,502
60$15,867,600$13,001,136$12,241,029$15,369,472
61$17,418,476$13,570,572$12,583,485$16,474,142
62$19,125,412$14,165,781$12,935,282$17,674,846
63$21,004,258$14,787,958$13,296,668$18,980,747
64$23,072,479$15,438,356$13,667,894$20,401,913
65$25,349,322$16,118,285$14,049,218$21,949,416
66$27,855,991$16,829,119$14,440,905$23,635,427
67$30,615,853$17,572,297$14,843,227$25,473,329
68$33,654,656$18,349,325$15,256,460$27,477,841
69$37,000,770$19,161,781$15,680,891$29,665,151
70$40,685,458$20,011,318$16,116,810$32,053,065
71$44,743,168$20,899,666$16,564,516$34,661,171
72$49,211,860$21,828,638$17,024,316$37,511,019
73$54,133,362$22,800,134$17,496,524$40,626,319
74$59,553,768$23,816,143$17,981,460$44,033,161
75$65,523,867$24,878,749$18,479,453$47,760,253
76$72,099,628$25,990,135$18,990,842$51,839,193
77$79,342,725$27,152,586$19,515,970$56,304,752
78$87,321,119$28,368,499$20,055,191$61,195,206
79$96,109,701$29,640,383$20,608,868$66,552,682
80$105,790,995$30,970,867$21,177,370$72,423,558
81$116,455,943$32,362,705$21,761,078$78,858,886
82$128,204,754$33,818,783$22,360,379$85,914,870
83$141,147,858$35,342,123$22,975,671$93,653,393
84$155,406,945$36,935,892$23,607,361$102,142,584
85$171,116,112$38,603,409$24,255,866$111,457,464
86$188,423,130$40,348,151$24,921,613$121,680,635
87$207,490,839$42,173,761$25,605,036$132,903,061
88$228,498,684$44,084,054$26,306,584$145,224,908
89$251,644,408$46,083,031$27,026,713$158,756,487
90$277,145,920$48,174,882$27,765,890$173,619,281
91$305,243,350$50,363,997$28,524,594$189,947,082
92$336,201,317$52,654,979$29,303,313$207,887,247
93$370,311,426$55,052,647$30,102,549$227,602,068
94$407,895,020$57,562,055$30,922,813$249,270,304
95$449,306,213$60,188,497$31,764,628$273,088,844
96$494,935,233$62,937,520$32,628,530$299,274,563
97$545,212,107$65,814,938$33,515,065$328,066,348
98$600,610,716$68,826,845$34,424,795$359,727,341
99$661,653,274$71,979,625$35,358,290$394,547,409
100$728,915,250$75,279,969$36,316,135$432,845,864