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%19.2%
1 years$900,112$892,094$884,272$876,637$869,181$837,011
2 years$445,600$437,301$429,258$421,460$413,896$381,848
3 years$294,116$285,781$277,758$270,033$262,593$231,675
4 years$218,389$210,079$202,137$194,544$187,283$157,732
5 years$172,964$164,705$156,867$149,428$142,370$114,262
6 years$142,691$134,494$126,772$119,499$112,652$86,007
7 years$121,076$112,948$105,348$98,247$91,616$66,427
8 years$104,872$96,817$89,343$82,417$76,005$52,249
9 years$92,275$84,297$76,951$70,201$64,007$41,652
10 years$82,204$74,303$67,088$60,514$54,537$33,542
11 years$73,969$66,148$59,063$52,665$46,904$27,224
12 years$67,112$59,371$52,417$46,194$40,646$22,233
13 years$61,314$53,654$46,831$40,783$35,444$18,245
14 years$56,349$48,770$42,078$36,202$31,070$15,031
15 years$52,049$44,552$37,991$32,286$27,356$12,423
16 years$48,291$40,876$34,444$28,909$24,178$10,294
17 years$44,978$37,645$31,343$25,974$21,438$8,548
18 years$42,037$34,786$28,612$23,408$19,061$7,110
19 years$39,408$32,239$26,193$21,151$16,990$5,922
20 years$37,046$29,958$24,039$19,156$15,176$4,939
21 years$34,911$27,905$22,111$17,386$13,580$4,123
22 years$32,972$26,048$20,379$15,808$12,173$3,445
23 years$31,205$24,362$18,816$14,396$10,927$2,880
24 years$29,588$22,826$17,402$13,130$9,822$2,409
25 years$28,102$21,421$16,117$11,991$8,838$2,016
26 years$26,733$20,132$14,948$10,964$7,961$1,688
27 years$25,467$18,947$13,881$10,036$7,177$1,414
28 years$24,294$17,853$12,904$9,195$6,476$1,184
29 years$23,203$16,843$12,008$8,432$5,848$992
30 years$22,188$15,906$11,185$7,738$5,284$832
31 years$21,239$15,037$10,428$7,107$4,777$697
32 years$20,352$14,228$9,729$6,532$4,321$584
33 years$19,520$13,474$9,084$6,006$3,911$490
34 years$18,739$12,770$8,488$5,526$3,541$411
35 years$18,004$12,112$7,935$5,087$3,207$345
36 years$17,312$11,496$7,423$4,685$2,906$289
37 years$16,658$10,919$6,948$4,317$2,634$242
38 years$16,041$10,377$6,507$3,979$2,388$203
39 years$15,456$9,867$6,096$3,669$2,165$170
40 years$14,902$9,388$5,714$3,384$1,964$143
41 years$14,376$8,936$5,358$3,122$1,782$120
42 years$13,877$8,511$5,026$2,881$1,617$101
43 years$13,403$8,109$4,716$2,660$1,467$84
44 years$12,951$7,730$4,427$2,456$1,332$71
45 years$12,520$7,371$4,157$2,268$1,209$59
46 years$12,110$7,032$3,904$2,095$1,098$50
47 years$11,718$6,710$3,668$1,936$997$42
48 years$11,343$6,406$3,447$1,789$905$35
49 years$10,985$6,117$3,240$1,653$822$29
50 years$10,642$5,843$3,046$1,528$747$25

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 $5,403 every year, while hoping to spend $44,828 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: 65/15/20 Blend
56$10,900,000$10,900,000$10,900,000$10,900,000
57$12,017,373$11,439,673$11,270,723$12,737,288
58$13,195,449$11,952,521$11,600,596$13,734,305
59$14,492,185$12,488,995$11,940,017$14,817,850
60$15,919,639$13,050,207$12,289,258$16,000,955
61$17,491,095$13,637,320$12,648,601$17,293,376
62$19,221,190$14,251,552$13,018,333$18,705,848
63$21,126,055$14,894,181$13,398,750$20,250,189
64$23,223,460$15,566,544$13,790,156$21,939,402
65$25,532,992$16,270,043$14,192,865$23,787,800
66$28,076,229$17,006,147$14,607,198$25,811,139
67$30,876,950$17,776,394$15,033,485$28,026,763
68$33,961,359$18,582,398$15,472,067$30,453,764
69$37,358,329$19,425,846$15,923,292$33,113,163
70$41,099,677$20,308,511$16,387,521$36,028,104
71$45,220,462$21,232,246$16,865,121$39,224,067
72$49,759,319$22,198,996$17,356,472$42,729,111
73$54,758,820$23,210,797$17,861,964$46,574,132
74$60,265,877$24,269,784$18,381,997$50,793,152
75$66,332,187$25,378,193$18,916,984$55,423,638
76$73,014,714$26,538,369$19,467,348$60,506,851
77$80,376,234$27,752,768$20,033,523$66,088,232
78$88,485,920$29,023,964$20,615,956$72,217,830
79$97,420,001$30,354,655$21,215,108$78,950,765
80$107,262,476$31,747,668$21,831,449$86,347,750
81$118,105,911$33,205,966$22,465,465$94,475,655
82$130,052,310$34,732,655$23,117,654$103,408,140
83$143,214,079$36,330,989$23,788,529$113,226,337
84$157,715,087$38,004,379$24,478,616$124,019,619
85$173,691,832$39,756,399$25,188,456$135,886,437
86$191,294,734$41,590,798$25,918,605$148,935,239
87$210,689,551$43,511,502$26,669,633$163,285,494
88$232,058,947$45,522,627$27,442,127$179,068,814
89$255,604,212$47,628,487$28,236,690$196,430,187
90$281,547,164$49,833,606$29,053,941$215,529,340
91$310,132,243$52,142,721$29,894,517$236,542,245
92$341,628,820$54,560,802$30,759,072$259,662,767
93$376,333,735$57,093,057$31,648,276$285,104,493
94$414,574,102$59,744,943$32,562,819$313,102,736
95$456,710,399$62,522,183$33,503,412$343,916,753
96$503,139,864$65,430,775$34,470,781$377,832,181
97$554,300,252$68,477,005$35,465,674$415,163,729
98$610,673,964$71,667,465$36,488,861$456,258,134
99$672,792,600$75,009,062$37,541,129$501,497,435
100$741,241,978$78,509,039$38,623,289$551,302,559