Can I retire at age 57 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$743,212$736,591$730,133$723,828$717,673$693,313
2 years$367,927$361,074$354,433$347,994$341,749$317,451
3 years$242,848$235,966$229,342$222,963$216,820$193,347
4 years$180,321$173,460$166,902$160,633$154,638$132,169
5 years$142,814$135,995$129,523$123,381$117,553$96,149
6 years$117,818$111,050$104,674$98,669$93,016$72,692
7 years$99,971$93,260$86,984$81,121$75,647$56,401
8 years$86,591$79,941$73,770$68,051$62,756$44,573
9 years$76,191$69,603$63,538$57,964$52,850$35,708
10 years$67,875$61,351$55,394$49,966$45,031$28,901
11 years$61,076$54,618$48,768$43,485$38,728$23,580
12 years$55,414$49,022$43,280$38,142$33,561$19,359
13 years$50,626$44,301$38,668$33,674$29,266$15,974
14 years$46,527$40,269$34,743$29,892$25,654$13,234
15 years$42,977$36,786$31,369$26,658$22,588$11,000
16 years$39,873$33,751$28,440$23,870$19,963$9,168
17 years$37,138$31,083$25,879$21,447$17,701$7,657
18 years$34,710$28,722$23,625$19,328$15,739$6,408
19 years$32,539$26,619$21,627$17,464$14,028$5,370
20 years$30,588$24,736$19,848$15,817$12,530$4,506
21 years$28,825$23,041$18,257$14,355$11,213$3,785
22 years$27,225$21,508$16,826$13,052$10,051$3,182
23 years$25,766$20,116$15,536$11,887$9,022$2,677
24 years$24,430$18,847$14,368$10,841$8,110$2,254
25 years$23,203$17,687$13,308$9,901$7,297$1,898
26 years$22,073$16,623$12,342$9,053$6,573$1,600
27 years$21,028$15,644$11,461$8,286$5,926$1,348
28 years$20,059$14,741$10,654$7,592$5,347$1,137
29 years$19,159$13,907$9,915$6,962$4,829$959
30 years$18,320$13,133$9,235$6,390$4,363$809
31 years$17,537$12,416$8,610$5,868$3,944$683
32 years$16,804$11,748$8,033$5,393$3,568$576
33 years$16,118$11,125$7,501$4,959$3,229$486
34 years$15,473$10,544$7,008$4,563$2,924$410
35 years$14,866$10,001$6,552$4,201$2,648$346
36 years$14,294$9,492$6,129$3,869$2,399$292
37 years$13,754$9,016$5,737$3,564$2,175$247
38 years$13,244$8,568$5,372$3,285$1,971$208
39 years$12,762$8,147$5,033$3,029$1,788$176
40 years$12,304$7,752$4,718$2,794$1,622$149
41 years$11,870$7,379$4,424$2,578$1,471$126
42 years$11,458$7,027$4,150$2,379$1,335$106
43 years$11,066$6,696$3,894$2,196$1,211$90
44 years$10,693$6,382$3,655$2,028$1,100$76
45 years$10,338$6,086$3,432$1,873$998$64
46 years$9,999$5,806$3,223$1,730$906$54
47 years$9,675$5,541$3,028$1,598$823$46
48 years$9,366$5,289$2,846$1,477$747$38
49 years$9,070$5,051$2,675$1,365$679$32
50 years$8,787$4,825$2,515$1,262$617$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,000,000, adding $3,674 every year, while hoping to spend $23,908 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: 36/45/19 Blend
56$9,000,000$9,000,000$9,000,000$9,000,000
57$9,921,790$9,444,790$9,305,290$10,221,572
58$10,908,374$9,882,147$9,591,579$10,877,545
59$11,994,789$10,340,132$9,886,658$11,582,735
60$13,191,192$10,819,733$10,190,795$12,343,543
61$14,508,775$11,321,982$10,504,268$13,164,952
62$15,959,873$11,847,961$10,827,363$14,052,422
63$17,558,075$12,398,806$11,160,375$15,011,938
64$19,318,358$12,975,707$11,503,607$16,050,063
65$21,257,225$13,579,911$11,857,372$17,173,995
66$23,392,860$14,212,725$12,221,993$18,391,628
67$25,745,304$14,875,521$12,597,801$19,711,624
68$28,336,637$15,569,734$12,985,140$21,143,490
69$31,191,194$16,296,870$13,384,362$22,697,659
70$34,335,788$17,058,510$13,795,831$24,385,586
71$37,799,969$17,856,307$14,219,921$26,219,848
72$41,616,296$18,691,997$14,657,020$28,214,258
73$45,820,652$19,567,398$15,107,524$30,383,987
74$50,452,577$20,484,419$15,571,844$32,745,703
75$55,555,642$21,445,057$16,050,402$35,317,718
76$61,177,861$22,451,409$16,543,635$38,120,156
77$67,372,147$23,505,672$17,051,991$41,175,132
78$74,196,806$24,610,150$17,575,932$44,506,957
79$81,716,089$25,767,257$18,115,935$48,142,354
80$90,000,803$26,979,525$18,672,492$52,110,705
81$99,128,972$28,249,609$19,246,107$56,444,317
82$109,186,579$29,580,291$19,837,304$61,178,716
83$120,268,375$30,974,491$20,446,619$66,352,976
84$132,478,775$32,435,266$21,074,606$72,010,073
85$145,932,841$33,965,825$21,721,836$78,197,281
86$160,757,370$35,569,530$22,388,897$84,966,605
87$177,092,091$37,249,907$23,076,395$92,375,262
88$195,090,985$39,010,652$23,784,954$100,486,208
89$214,923,734$40,855,643$24,515,218$109,368,714
90$236,777,327$42,788,942$25,267,851$119,099,013
91$260,857,826$44,814,811$26,043,535$129,760,998
92$287,392,305$46,937,718$26,842,974$141,447,002
93$316,631,001$49,162,347$27,666,895$154,258,652
94$348,849,671$51,493,610$28,516,044$168,307,814
95$384,352,199$53,936,658$29,391,193$183,717,625
96$423,473,460$56,496,891$30,293,134$200,623,644
97$466,582,486$59,179,972$31,222,687$219,175,106
98$514,085,946$61,991,837$32,180,694$239,536,314
99$566,431,989$64,938,714$33,168,024$261,888,167
100$624,114,471$68,027,129$34,185,571$286,429,844