Can I retire at age 57 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$858,822$851,172$843,709$836,424$829,311$819,627
2 years$425,160$417,241$409,567$402,127$394,910$385,163
3 years$280,624$272,672$265,017$257,647$250,547$241,040
4 years$208,371$200,443$192,865$185,620$178,692$169,497
5 years$165,030$157,149$149,671$142,574$135,839$126,984
6 years$136,145$128,324$120,956$114,017$107,485$98,979
7 years$115,522$107,767$100,515$93,740$87,414$79,262
8 years$100,061$92,376$85,245$78,636$72,518$64,719
9 years$88,043$80,430$73,421$66,981$61,071$53,622
10 years$78,433$70,895$64,010$57,738$52,035$44,931
11 years$70,576$63,114$56,354$50,249$44,752$37,986
12 years$64,033$56,647$50,013$44,075$38,781$32,347
13 years$58,502$51,193$44,683$38,912$33,818$27,707
14 years$53,764$46,533$40,148$34,542$29,645$23,848
15 years$49,662$42,508$36,248$30,805$26,102$20,610
16 years$46,076$39,001$32,864$27,583$23,069$17,873
17 years$42,915$35,918$29,905$24,783$20,454$15,544
18 years$40,109$33,190$27,299$22,334$18,187$13,553
19 years$37,601$30,760$24,991$20,181$16,210$11,841
20 years$35,346$28,584$22,936$18,278$14,479$10,365
21 years$33,309$26,625$21,097$16,588$12,957$9,087
22 years$31,460$24,853$19,444$15,082$11,615$7,977
23 years$29,774$23,245$17,953$13,736$10,426$7,012
24 years$28,230$21,779$16,603$12,528$9,371$6,169
25 years$26,813$20,438$15,378$11,441$8,432$5,433
26 years$25,506$19,209$14,262$10,461$7,596$4,788
27 years$24,299$18,078$13,244$9,575$6,848$4,223
28 years$23,179$17,034$12,312$8,773$6,179$3,727
29 years$22,139$16,070$11,457$8,045$5,580$3,291
30 years$21,170$15,176$10,672$7,383$5,042$2,907
31 years$20,265$14,347$9,949$6,781$4,558$2,569
32 years$19,418$13,575$9,283$6,232$4,123$2,271
33 years$18,625$12,856$8,667$5,731$3,731$2,008
34 years$17,880$12,184$8,098$5,273$3,378$1,777
35 years$17,178$11,557$7,571$4,854$3,060$1,572
36 years$16,518$10,969$7,083$4,470$2,772$1,391
37 years$15,894$10,418$6,629$4,119$2,513$1,232
38 years$15,305$9,901$6,208$3,796$2,278$1,090
39 years$14,747$9,415$5,816$3,501$2,066$965
40 years$14,218$8,957$5,452$3,229$1,874$855
41 years$13,717$8,527$5,112$2,979$1,700$757
42 years$13,241$8,120$4,795$2,749$1,543$671
43 years$12,788$7,737$4,500$2,538$1,400$594
44 years$12,357$7,375$4,224$2,343$1,271$527
45 years$11,946$7,033$3,966$2,164$1,154$466
46 years$11,554$6,709$3,725$1,999$1,047$413
47 years$11,180$6,402$3,499$1,847$951$366
48 years$10,823$6,112$3,288$1,707$864$325
49 years$10,481$5,837$3,091$1,577$784$288
50 years$10,154$5,575$2,906$1,458$713$255

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,400,000, adding $6,233 every year, while hoping to spend $45,831 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: 52/21/27 Blend
56$10,400,000$10,400,000$10,400,000$10,400,000
57$11,467,229$10,916,029$10,754,829$11,976,489
58$12,588,123$11,402,151$11,066,352$12,816,817
59$13,821,812$11,910,556$11,386,775$13,725,291
60$15,179,752$12,442,289$11,716,348$14,712,660
61$16,674,568$12,998,443$12,055,327$15,786,474
62$18,320,169$13,580,162$12,403,976$16,955,027
63$20,131,883$14,188,647$12,762,565$18,227,443
64$22,126,598$14,825,153$13,131,374$19,613,754
65$24,322,924$15,490,998$13,510,688$21,124,995
66$26,741,366$16,187,561$13,900,800$22,773,302
67$29,404,521$16,916,287$14,302,012$24,572,026
68$32,337,287$17,678,690$14,714,634$26,535,855
69$35,567,100$18,476,356$15,138,985$28,680,950
70$39,124,194$19,310,947$15,575,391$31,025,092
71$43,041,883$20,184,204$16,024,187$33,587,850
72$47,356,877$21,097,953$16,485,720$36,390,759
73$52,109,630$22,054,103$16,960,342$39,457,519
74$57,344,717$23,054,659$17,448,419$42,814,218
75$63,111,260$24,101,720$17,950,323$46,489,571
76$69,463,388$25,197,483$18,466,438$50,515,188
77$76,460,748$26,344,255$18,997,159$54,925,868
78$84,169,071$27,544,450$19,542,890$59,759,919
79$92,660,786$28,800,598$20,104,046$65,059,523
80$102,015,710$30,115,350$20,681,055$70,871,120
81$112,321,797$31,491,487$21,274,355$77,245,847
82$123,675,970$32,931,920$21,884,396$84,240,011
83$136,185,035$34,439,701$22,511,640$91,915,618
84$149,966,690$36,018,027$23,156,561$100,340,950
85$165,150,633$37,670,251$23,819,646$109,591,205
86$181,879,790$39,399,885$24,501,396$119,749,198
87$200,311,659$41,210,611$25,202,325$130,906,137
88$220,619,804$43,106,286$25,922,958$143,162,477
89$242,995,485$45,090,955$26,663,838$156,628,860
90$267,649,468$47,168,855$27,425,520$171,427,154
91$294,814,013$49,344,428$28,208,574$187,691,589
92$324,745,066$51,622,330$29,013,585$205,570,023
93$357,724,679$54,007,439$29,841,156$225,225,324
94$394,063,663$56,504,871$30,691,902$246,836,900
95$434,104,533$59,119,986$31,566,457$270,602,383
96$478,224,732$61,858,402$32,465,470$296,739,483
97$526,840,199$64,726,009$33,389,608$325,488,034
98$580,409,296$67,728,979$34,339,556$357,112,244
99$639,437,130$70,873,785$35,316,016$391,903,184
100$704,480,324$74,167,207$36,319,710$430,181,516