Can I retire at age 57 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$875,338$867,541$859,934$852,509$845,259$824,825
2 years$433,336$425,265$417,444$409,860$402,504$382,040
3 years$286,021$277,916$270,114$262,601$255,365$235,511
4 years$212,378$204,297$196,574$189,189$182,129$163,036
5 years$168,204$160,172$152,549$145,316$138,451$120,175
6 years$138,764$130,792$123,282$116,210$109,552$92,109
7 years$117,743$109,839$102,448$95,543$89,095$72,489
8 years$101,985$94,152$86,884$80,148$73,913$58,136
9 years$89,736$81,977$74,833$68,269$62,245$47,285
10 years$79,942$72,258$65,241$58,848$53,036$38,875
11 years$71,933$64,327$57,438$51,216$45,613$32,231
12 years$65,265$57,737$50,974$44,923$39,527$26,902
13 years$59,627$52,177$45,542$39,660$34,468$22,576
14 years$54,798$47,428$40,920$35,206$30,215$19,030
15 years$50,617$43,326$36,945$31,398$26,603$16,099
16 years$46,962$39,751$33,496$28,113$23,512$13,660
17 years$43,741$36,609$30,480$25,259$20,848$11,620
18 years$40,880$33,828$27,824$22,764$18,537$9,906
19 years$38,324$31,352$25,472$20,569$16,522$8,459
20 years$36,026$29,134$23,377$18,629$14,758$7,235
21 years$33,950$27,137$21,502$16,907$13,207$6,195
22 years$32,065$25,331$19,818$15,373$11,838$5,311
23 years$30,346$23,692$18,298$14,000$10,626$4,557
24 years$28,773$22,198$16,923$12,769$9,551$3,913
25 years$27,328$20,831$15,674$11,661$8,595$3,363
26 years$25,997$19,578$14,537$10,662$7,742$2,891
27 years$24,766$18,425$13,499$9,760$6,980$2,487
28 years$23,625$17,362$12,549$8,942$6,298$2,140
29 years$22,565$16,379$11,678$8,200$5,687$1,842
30 years$21,577$15,468$10,877$7,525$5,139$1,587
31 years$20,655$14,623$10,141$6,912$4,646$1,367
32 years$19,792$13,836$9,461$6,352$4,202$1,178
33 years$18,983$13,103$8,834$5,841$3,803$1,015
34 years$18,223$12,419$8,254$5,374$3,443$875
35 years$17,509$11,779$7,717$4,947$3,119$754
36 years$16,835$11,180$7,219$4,556$2,826$650
37 years$16,200$10,618$6,757$4,198$2,561$560
38 years$15,599$10,091$6,328$3,869$2,322$483
39 years$15,031$9,596$5,928$3,568$2,106$417
40 years$14,492$9,130$5,556$3,291$1,910$359
41 years$13,981$8,690$5,210$3,036$1,733$310
42 years$13,495$8,277$4,887$2,802$1,572$267
43 years$13,034$7,886$4,586$2,587$1,427$231
44 years$12,594$7,517$4,305$2,388$1,295$199
45 years$12,176$7,168$4,042$2,206$1,176$172
46 years$11,776$6,838$3,796$2,037$1,068$148
47 years$11,395$6,526$3,567$1,882$969$128
48 years$11,031$6,230$3,352$1,739$880$110
49 years$10,683$5,949$3,150$1,607$800$95
50 years$10,349$5,683$2,962$1,486$726$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $10,600,000, adding $6,324 every year, while hoping to spend $33,709 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: 60/33/7 Blend
56$10,600,000$10,600,000$10,600,000$10,600,000
57$11,687,723$11,125,923$10,961,623$12,371,882
58$12,844,005$11,635,227$11,292,971$13,340,072
59$14,117,097$12,168,358$11,634,290$14,391,177
60$15,518,880$12,726,446$11,985,878$15,536,758
61$17,062,443$13,310,678$12,348,041$16,785,901
62$18,762,208$13,922,298$12,721,097$18,148,599
63$20,634,071$14,562,609$13,105,372$19,635,833
64$22,695,545$15,232,975$13,501,200$21,259,681
65$24,965,928$15,934,828$13,908,928$23,033,425
66$27,466,487$16,669,669$14,328,911$24,971,669
67$30,220,654$17,439,068$14,761,515$27,090,480
68$33,254,253$18,244,675$15,207,118$29,407,529
69$36,595,739$19,088,216$15,666,108$31,942,256
70$40,276,467$19,971,501$16,138,886$34,716,050
71$44,330,990$20,896,428$16,625,862$37,752,444
72$48,797,384$21,864,986$17,127,461$41,077,332
73$53,717,606$22,879,259$17,644,120$44,719,210
74$59,137,891$23,941,432$18,176,287$48,709,438
75$65,109,190$25,053,796$18,724,427$53,082,531
76$71,687,647$26,218,752$19,289,015$57,876,478
77$78,935,132$27,438,816$19,870,542$63,133,093
78$86,919,824$28,716,627$20,469,514$68,898,406
79$95,716,854$30,054,949$21,086,451$75,223,089
80$105,409,015$31,456,683$21,721,888$82,162,927
81$116,087,540$32,924,866$22,376,377$89,779,336
82$127,852,969$34,462,685$23,050,486$98,139,937
83$140,816,094$36,073,478$23,744,799$107,319,183
84$155,099,004$37,760,747$24,459,918$117,399,056
85$170,836,241$39,528,162$25,196,464$128,469,830
86$188,176,066$41,379,570$25,955,074$140,630,914
87$207,281,860$43,319,005$26,736,404$153,991,779
88$228,333,669$45,350,695$27,541,133$168,672,985
89$251,529,897$47,479,073$28,369,955$184,807,301
90$277,089,186$49,708,787$29,223,587$202,540,954
91$305,252,474$52,044,709$30,102,769$222,034,994
92$336,285,273$54,491,947$31,008,259$243,466,799
93$370,480,175$57,055,856$31,940,839$267,031,743
94$408,159,612$59,742,052$32,901,316$292,945,020
95$449,678,901$62,556,421$33,890,519$321,443,662
96$495,429,598$65,505,135$34,909,301$352,788,767
97$545,843,195$68,594,664$35,958,540$387,267,940
98$601,395,192$71,831,794$37,039,142$425,197,995
99$662,609,586$75,223,636$38,152,038$466,927,931
100$730,063,819$78,777,650$39,298,186$512,842,202