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%18.5%
1 years$825,791$818,435$811,258$804,254$797,414$770,040
2 years$408,807$401,194$393,815$386,660$379,721$352,421
3 years$269,831$262,184$254,824$247,737$240,911$214,542
4 years$200,356$192,733$185,447$178,481$171,819$146,584
5 years$158,683$151,105$143,914$137,090$130,614$106,579
6 years$130,909$123,389$116,304$109,632$103,351$80,534
7 years$111,079$103,622$96,649$90,135$84,052$62,449
8 years$96,213$88,823$81,966$75,612$69,729$49,324
9 years$84,656$77,336$70,598$64,404$58,722$39,489
10 years$75,417$68,168$61,549$55,517$50,034$31,942
11 years$67,862$60,686$54,186$48,317$43,031$26,044
12 years$61,571$54,469$48,089$42,380$37,290$21,368
13 years$56,251$49,224$42,964$37,415$32,517$17,619
14 years$51,696$44,743$38,604$33,213$28,505$14,587
15 years$47,752$40,874$34,854$29,620$25,098$12,116
16 years$44,304$37,501$31,600$26,522$22,181$10,091
17 years$41,265$34,537$28,755$23,830$19,668$8,422
18 years$38,566$31,914$26,250$21,475$17,487$7,042
19 years$36,155$29,577$24,030$19,405$15,587$5,897
20 years$33,987$27,484$22,054$17,575$13,923$4,945
21 years$32,028$25,601$20,285$15,950$12,459$4,150
22 years$30,250$23,897$18,696$14,502$11,168$3,486
23 years$28,629$22,351$17,262$13,208$10,025$2,931
24 years$27,145$20,941$15,965$12,046$9,011$2,465
25 years$25,782$19,652$14,787$11,001$8,108$2,075
26 years$24,525$18,470$13,714$10,059$7,304$1,747
27 years$23,364$17,382$12,734$9,207$6,585$1,471
28 years$22,288$16,379$11,838$8,436$5,942$1,240
29 years$21,288$15,452$11,017$7,736$5,365$1,045
30 years$20,356$14,593$10,262$7,099$4,848$881
31 years$19,486$13,795$9,567$6,520$4,383$742
32 years$18,672$13,053$8,926$5,992$3,965$626
33 years$17,909$12,361$8,334$5,510$3,588$528
34 years$17,192$11,716$7,787$5,070$3,248$445
35 years$16,518$11,112$7,280$4,667$2,942$376
36 years$15,882$10,547$6,810$4,298$2,666$317
37 years$15,283$10,017$6,374$3,960$2,416$267
38 years$14,716$9,520$5,969$3,650$2,190$225
39 years$14,180$9,053$5,593$3,366$1,986$190
40 years$13,672$8,613$5,242$3,105$1,802$160
41 years$13,189$8,199$4,915$2,864$1,635$135
42 years$12,731$7,808$4,611$2,643$1,483$114
43 years$12,296$7,439$4,327$2,440$1,346$96
44 years$11,881$7,091$4,061$2,253$1,222$81
45 years$11,486$6,762$3,813$2,081$1,109$69
46 years$11,110$6,451$3,582$1,922$1,007$58
47 years$10,750$6,156$3,365$1,776$914$49
48 years$10,406$5,877$3,162$1,641$830$41
49 years$10,078$5,612$2,972$1,516$754$35
50 years$9,763$5,361$2,794$1,402$685$29

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 $5,378 every year, while hoping to spend $46,635 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: 59/32/9 Blend
56$10,000,000$10,000,000$10,000,000$10,000,000
57$11,025,547$10,495,547$10,340,547$11,653,124
58$12,100,534$10,960,210$10,637,336$12,539,994
59$13,283,606$11,446,078$10,942,505$13,500,809
60$14,585,739$11,954,141$11,256,284$14,547,290
61$16,019,027$12,485,437$11,578,912$15,687,670
62$17,596,795$13,041,050$11,910,633$16,931,002
63$19,333,726$13,622,119$12,251,697$18,287,237
64$21,245,998$14,229,835$12,602,361$19,767,317
65$23,351,440$14,865,447$12,962,890$21,383,278
66$25,669,694$15,530,262$13,333,554$23,148,356
67$28,222,408$16,225,649$13,714,633$25,077,111
68$31,033,432$16,953,044$14,106,411$27,185,559
69$34,129,049$17,713,950$14,509,183$29,491,320
70$37,538,220$18,509,942$14,923,249$32,013,782
71$41,292,859$19,342,670$15,348,919$34,774,276
72$45,428,133$20,213,863$15,786,509$37,796,277
73$49,982,791$21,125,331$16,236,346$41,105,618
74$54,999,535$22,078,972$16,698,764$44,730,731
75$60,525,421$23,076,774$17,174,105$48,702,910
76$66,612,298$24,120,821$17,662,722$53,056,599
77$73,317,306$25,213,294$18,164,976$57,829,715
78$80,703,406$26,356,480$18,681,238$63,063,997
79$88,839,983$27,552,777$19,211,889$68,805,397
80$97,803,492$28,804,694$19,757,318$75,104,504
81$107,678,187$30,114,863$20,317,927$82,017,020
82$118,556,911$31,486,041$20,894,127$89,604,273
83$130,541,975$32,921,116$21,486,339$97,933,791
84$143,746,122$34,423,115$22,094,997$107,079,937
85$158,293,591$35,995,212$22,720,543$117,124,593
86$174,321,290$37,640,731$23,363,435$128,157,934
87$191,980,090$39,363,155$24,024,138$140,279,265
88$211,436,246$41,166,137$24,703,134$153,597,953
89$232,872,966$43,053,501$25,400,912$168,234,446
90$256,492,144$45,029,257$26,117,978$184,321,406
91$282,516,262$47,097,610$26,854,849$202,004,944
92$311,190,489$49,262,962$27,612,055$221,445,993
93$342,785,002$51,529,929$28,390,141$242,821,816
94$377,597,527$53,903,350$29,189,666$266,327,666
95$415,956,155$56,388,295$30,011,200$292,178,617
96$458,222,440$58,990,079$30,855,332$320,611,582
97$504,794,806$61,714,270$31,722,664$351,887,536
98$556,112,315$64,566,708$32,613,812$386,293,963
99$612,658,806$67,553,511$33,529,409$424,147,561
100$674,967,464$70,681,093$34,470,104$465,797,210