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

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$825,791$818,435$811,258$804,254$797,414$765,776
2 years$408,807$401,194$393,815$386,660$379,721$348,238
3 years$269,831$262,184$254,824$247,737$240,911$210,575
4 years$200,356$192,733$185,447$178,481$171,819$142,861
5 years$158,683$151,105$143,914$137,090$130,614$103,107
6 years$130,909$123,389$116,304$109,632$103,351$77,312
7 years$111,079$103,622$96,649$90,135$84,052$59,473
8 years$96,213$88,823$81,966$75,612$69,729$46,585
9 years$84,656$77,336$70,598$64,404$58,722$36,977
10 years$75,417$68,168$61,549$55,517$50,034$29,646
11 years$67,862$60,686$54,186$48,317$43,031$23,952
12 years$61,571$54,469$48,089$42,380$37,290$19,469
13 years$56,251$49,224$42,964$37,415$32,517$15,900
14 years$51,696$44,743$38,604$33,213$28,505$13,036
15 years$47,752$40,874$34,854$29,620$25,098$10,720
16 years$44,304$37,501$31,600$26,522$22,181$8,838
17 years$41,265$34,537$28,755$23,830$19,668$7,300
18 years$38,566$31,914$26,250$21,475$17,487$6,041
19 years$36,155$29,577$24,030$19,405$15,587$5,005
20 years$33,987$27,484$22,054$17,575$13,923$4,152
21 years$32,028$25,601$20,285$15,950$12,459$3,447
22 years$30,250$23,897$18,696$14,502$11,168$2,864
23 years$28,629$22,351$17,262$13,208$10,025$2,381
24 years$27,145$20,941$15,965$12,046$9,011$1,981
25 years$25,782$19,652$14,787$11,001$8,108$1,649
26 years$24,525$18,470$13,714$10,059$7,304$1,373
27 years$23,364$17,382$12,734$9,207$6,585$1,143
28 years$22,288$16,379$11,838$8,436$5,942$952
29 years$21,288$15,452$11,017$7,736$5,365$793
30 years$20,356$14,593$10,262$7,099$4,848$661
31 years$19,486$13,795$9,567$6,520$4,383$551
32 years$18,672$13,053$8,926$5,992$3,965$459
33 years$17,909$12,361$8,334$5,510$3,588$383
34 years$17,192$11,716$7,787$5,070$3,248$319
35 years$16,518$11,112$7,280$4,667$2,942$266
36 years$15,882$10,547$6,810$4,298$2,666$222
37 years$15,283$10,017$6,374$3,960$2,416$185
38 years$14,716$9,520$5,969$3,650$2,190$154
39 years$14,180$9,053$5,593$3,366$1,986$129
40 years$13,672$8,613$5,242$3,105$1,802$107
41 years$13,189$8,199$4,915$2,864$1,635$89
42 years$12,731$7,808$4,611$2,643$1,483$75
43 years$12,296$7,439$4,327$2,440$1,346$62
44 years$11,881$7,091$4,061$2,253$1,222$52
45 years$11,486$6,762$3,813$2,081$1,109$43
46 years$11,110$6,451$3,582$1,922$1,007$36
47 years$10,750$6,156$3,365$1,776$914$30
48 years$10,406$5,877$3,162$1,641$830$25
49 years$10,078$5,612$2,972$1,516$754$21
50 years$9,763$5,361$2,794$1,402$685$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,000,000, adding $4,282 every year, while hoping to spend $56,095 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: 50/40/10 Blend
56$10,000,000$10,000,000$10,000,000$10,000,000
57$11,024,417$10,494,417$10,339,417$11,546,163
58$12,089,223$10,948,959$10,626,103$12,357,966
59$13,260,759$11,423,893$10,920,512$13,233,331
60$14,549,852$11,920,160$11,222,846$14,183,245
61$15,968,433$12,438,743$11,533,307$15,214,714
62$17,529,645$12,980,674$11,852,105$16,335,437
63$19,247,973$13,547,031$12,179,454$17,553,868
64$21,139,374$14,138,944$12,515,574$18,879,297
65$23,221,434$14,757,596$12,860,690$20,321,934
66$25,513,529$15,404,226$13,215,031$21,892,997
67$28,037,007$16,080,131$13,578,833$23,604,821
68$30,815,395$16,786,671$13,952,336$25,470,962
69$33,874,614$17,525,267$14,335,789$27,506,326
70$37,243,230$18,297,410$14,729,443$29,727,304
71$40,952,716$19,104,660$15,133,556$32,151,921
72$45,037,757$19,948,652$15,548,394$34,799,998
73$49,536,569$20,831,097$15,974,226$37,693,342
74$54,491,267$21,753,788$16,411,330$40,855,938
75$59,948,255$22,718,603$16,859,989$44,314,172
76$65,958,672$23,727,509$17,320,493$48,097,077
77$72,578,865$24,782,565$17,793,138$52,236,596
78$79,870,928$25,885,930$18,278,228$56,767,880
79$87,903,286$27,039,864$18,776,072$61,729,610
80$96,751,339$28,246,735$19,286,988$67,164,360
81$106,498,173$29,509,023$19,811,299$73,118,985
82$117,235,348$30,829,326$20,349,339$79,645,057
83$129,063,757$32,210,367$20,901,445$86,799,348
84$142,094,581$33,654,996$21,467,965$94,644,350
85$156,450,339$35,166,201$22,049,252$103,248,862
86$172,266,040$36,747,112$22,645,669$112,688,624
87$189,690,463$38,401,006$23,257,585$123,047,028
88$208,887,555$40,131,321$23,885,379$134,415,890
89$230,037,984$41,941,653$24,529,437$146,896,308
90$253,340,839$43,835,775$25,190,154$160,599,603
91$279,015,513$45,817,636$25,867,933$175,648,361
92$307,303,772$47,891,377$26,563,185$192,177,575
93$338,472,036$50,061,335$27,276,332$210,335,905
94$372,813,897$52,332,053$28,007,802$230,287,073
95$410,652,886$54,708,295$28,758,035$252,211,389
96$452,345,529$57,195,050$29,527,477$276,307,437
97$498,284,712$59,797,546$30,316,587$302,793,940
98$548,903,389$62,521,263$31,125,829$331,911,804
99$604,678,671$65,371,942$31,955,681$363,926,376
100$666,136,327$68,355,598$32,806,628$399,129,927