Can I retire at age 57 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$867,080$859,357$851,821$844,466$837,285$820,715
2 years$429,248$421,253$413,506$405,993$398,707$382,083
3 years$283,323$275,294$267,565$260,124$252,956$236,797
4 years$210,374$202,370$194,719$187,405$180,410$164,840
5 years$166,617$158,661$151,110$143,945$137,145$122,208
6 years$137,455$129,558$122,119$115,114$108,518$94,230
7 years$116,633$108,803$101,482$94,641$88,254$74,619
8 years$101,023$93,264$86,065$79,392$73,216$60,229
9 years$88,889$81,203$74,127$67,625$61,658$49,312
10 years$79,187$71,577$64,626$58,293$52,536$40,819
11 years$71,255$63,720$56,896$50,732$45,183$34,080
12 years$64,649$57,192$50,493$44,499$39,154$28,650
13 years$59,064$51,685$45,113$39,286$34,143$24,220
14 years$54,281$46,980$40,534$34,874$29,930$20,569
15 years$50,139$42,917$36,597$31,101$26,353$17,534
16 years$46,519$39,376$33,180$27,848$23,290$14,995
17 years$43,328$36,264$30,193$25,021$20,651$12,857
18 years$40,494$33,509$27,562$22,549$18,362$11,049
19 years$37,962$31,056$25,232$20,375$16,366$9,513
20 years$35,686$28,859$23,156$18,453$14,619$8,204
21 years$33,630$26,881$21,299$16,748$13,082$7,084
22 years$31,762$25,092$19,631$15,227$11,726$6,125
23 years$30,060$23,468$18,125$13,868$10,526$5,301
24 years$28,502$21,988$16,763$12,648$9,461$4,592
25 years$27,071$20,635$15,526$11,551$8,514$3,980
26 years$25,752$19,393$14,399$10,562$7,669$3,453
27 years$24,532$18,251$13,371$9,668$6,914$2,996
28 years$23,402$17,198$12,430$8,858$6,239$2,602
29 years$22,352$16,225$11,567$8,123$5,633$2,260
30 years$21,373$15,322$10,775$7,454$5,090$1,964
31 years$20,460$14,485$10,045$6,846$4,602$1,707
32 years$19,605$13,706$9,372$6,292$4,163$1,485
33 years$18,804$12,979$8,751$5,786$3,767$1,291
34 years$18,051$12,301$8,176$5,324$3,411$1,123
35 years$17,344$11,668$7,644$4,901$3,089$977
36 years$16,676$11,074$7,151$4,513$2,799$850
37 years$16,047$10,518$6,693$4,158$2,537$740
38 years$15,452$9,996$6,268$3,833$2,300$644
39 years$14,889$9,505$5,872$3,534$2,086$561
40 years$14,355$9,043$5,504$3,260$1,892$488
41 years$13,849$8,608$5,161$3,008$1,716$425
42 years$13,368$8,198$4,841$2,776$1,557$370
43 years$12,911$7,811$4,543$2,562$1,413$322
44 years$12,475$7,446$4,264$2,366$1,283$281
45 years$12,061$7,100$4,004$2,185$1,165$244
46 years$11,665$6,773$3,761$2,018$1,057$213
47 years$11,288$6,464$3,533$1,865$960$185
48 years$10,927$6,171$3,320$1,723$872$161
49 years$10,582$5,893$3,121$1,592$792$141
50 years$10,252$5,629$2,934$1,472$719$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,500,000, adding $4,773 every year, while hoping to spend $29,125 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: 47/31/22 Blend
56$10,500,000$10,500,000$10,500,000$10,500,000
57$11,575,923$11,019,423$10,856,673$12,047,175
58$12,725,679$11,528,386$11,189,383$12,886,369
59$13,991,733$12,061,312$11,532,263$13,793,440
60$15,385,918$12,619,345$11,885,622$14,777,425
61$16,921,271$13,203,682$12,249,779$15,845,539
62$18,612,159$13,815,581$12,625,065$17,005,705
63$20,474,413$14,456,358$13,011,818$18,266,628
64$22,525,476$15,127,392$13,410,387$19,637,873
65$24,784,572$15,830,132$13,821,133$21,129,947
66$27,272,883$16,566,093$14,244,425$22,754,400
67$30,013,751$17,336,865$14,680,647$24,523,924
68$33,032,896$18,144,115$15,130,192$26,452,474
69$36,358,664$18,989,589$15,593,466$28,555,390
70$40,022,287$19,875,118$16,070,886$30,849,540
71$44,058,183$20,802,621$16,562,883$33,353,472
72$48,504,279$21,774,112$17,069,902$36,087,586
73$53,402,371$22,791,698$17,592,399$39,074,319
74$58,798,513$23,857,592$18,130,845$42,338,351
75$64,743,459$24,974,111$18,685,725$45,906,833
76$71,293,135$26,143,686$19,257,541$49,809,637
77$78,509,173$27,368,865$19,846,806$54,079,629
78$86,459,486$28,652,317$20,454,052$58,752,973
79$95,218,917$29,996,843$21,079,825$63,869,469
80$104,869,937$31,405,379$21,724,690$69,472,915
81$115,503,430$32,881,002$22,389,226$75,611,516
82$127,219,547$34,426,938$23,074,033$82,338,330
83$140,128,653$36,046,571$23,779,725$89,711,759
84$154,352,368$37,743,445$24,506,939$97,796,092
85$170,024,716$39,521,281$25,256,328$106,662,105
86$187,293,389$41,383,975$26,028,566$116,387,714
87$206,321,139$43,335,614$26,824,348$127,058,702
88$227,287,321$45,380,485$27,644,389$138,769,519
89$250,389,578$47,523,079$28,489,427$151,624,163
90$275,845,713$49,768,108$29,360,220$165,737,146
91$303,895,739$52,120,509$30,257,551$181,234,566
92$334,804,152$54,585,461$31,182,226$198,255,283
93$368,862,421$57,168,394$32,135,076$216,952,213
94$406,391,743$59,875,001$33,116,957$237,493,766
95$447,746,075$62,711,250$34,128,749$260,065,409
96$493,315,473$65,683,400$35,171,360$284,871,412
97$543,529,778$68,798,013$36,245,728$312,136,753
98$598,862,670$72,061,970$37,352,814$342,109,226
99$659,836,142$75,482,486$38,493,613$375,061,765
100$727,025,426$79,067,126$39,669,147$411,294,999