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%18.9%
1 years$743,212$736,591$730,133$723,828$717,673$691,934
2 years$367,927$361,074$354,433$347,994$341,749$316,096
3 years$242,848$235,966$229,342$222,963$216,820$192,059
4 years$180,321$173,460$166,902$160,633$154,638$130,958
5 years$142,814$135,995$129,523$123,381$117,553$95,017
6 years$117,818$111,050$104,674$98,669$93,016$71,639
7 years$99,971$93,260$86,984$81,121$75,647$55,425
8 years$86,591$79,941$73,770$68,051$62,756$43,673
9 years$76,191$69,603$63,538$57,964$52,850$34,879
10 years$67,875$61,351$55,394$49,966$45,031$28,142
11 years$61,076$54,618$48,768$43,485$38,728$22,886
12 years$55,414$49,022$43,280$38,142$33,561$18,727
13 years$50,626$44,301$38,668$33,674$29,266$15,400
14 years$46,527$40,269$34,743$29,892$25,654$12,714
15 years$42,977$36,786$31,369$26,658$22,588$10,530
16 years$39,873$33,751$28,440$23,870$19,963$8,744
17 years$37,138$31,083$25,879$21,447$17,701$7,277
18 years$34,710$28,722$23,625$19,328$15,739$6,067
19 years$32,539$26,619$21,627$17,464$14,028$5,065
20 years$30,588$24,736$19,848$15,817$12,530$4,234
21 years$28,825$23,041$18,257$14,355$11,213$3,543
22 years$27,225$21,508$16,826$13,052$10,051$2,967
23 years$25,766$20,116$15,536$11,887$9,022$2,486
24 years$24,430$18,847$14,368$10,841$8,110$2,085
25 years$23,203$17,687$13,308$9,901$7,297$1,749
26 years$22,073$16,623$12,342$9,053$6,573$1,468
27 years$21,028$15,644$11,461$8,286$5,926$1,232
28 years$20,059$14,741$10,654$7,592$5,347$1,035
29 years$19,159$13,907$9,915$6,962$4,829$869
30 years$18,320$13,133$9,235$6,390$4,363$730
31 years$17,537$12,416$8,610$5,868$3,944$614
32 years$16,804$11,748$8,033$5,393$3,568$516
33 years$16,118$11,125$7,501$4,959$3,229$433
34 years$15,473$10,544$7,008$4,563$2,924$364
35 years$14,866$10,001$6,552$4,201$2,648$306
36 years$14,294$9,492$6,129$3,869$2,399$258
37 years$13,754$9,016$5,737$3,564$2,175$217
38 years$13,244$8,568$5,372$3,285$1,971$182
39 years$12,762$8,147$5,033$3,029$1,788$153
40 years$12,304$7,752$4,718$2,794$1,622$129
41 years$11,870$7,379$4,424$2,578$1,471$108
42 years$11,458$7,027$4,150$2,379$1,335$91
43 years$11,066$6,696$3,894$2,196$1,211$77
44 years$10,693$6,382$3,655$2,028$1,100$64
45 years$10,338$6,086$3,432$1,873$998$54
46 years$9,999$5,806$3,223$1,730$906$46
47 years$9,675$5,541$3,028$1,598$823$38
48 years$9,366$5,289$2,846$1,477$747$32
49 years$9,070$5,051$2,675$1,365$679$27
50 years$8,787$4,825$2,515$1,262$617$23

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 $6,728 every year, while hoping to spend $32,213 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: 41/44/15 Blend
56$9,000,000$9,000,000$9,000,000$9,000,000
57$9,924,940$9,447,940$9,308,440$10,287,644
58$10,903,009$9,876,615$9,585,998$10,973,262
59$11,979,762$10,325,215$9,871,775$11,711,193
60$13,165,230$10,794,683$10,166,012$12,509,189
61$14,470,468$11,286,006$10,468,957$13,372,739
62$15,907,654$11,800,219$10,780,866$14,307,863
63$17,490,211$12,338,406$11,102,001$15,321,167
64$19,232,928$12,901,703$11,432,634$16,419,900
65$21,152,102$13,491,302$11,773,042$17,612,017
66$23,265,690$14,108,450$12,123,513$18,906,253
67$25,593,481$14,754,454$12,484,341$20,312,197
68$28,157,279$15,430,685$12,855,829$21,840,381
69$30,981,112$16,138,579$13,238,290$23,502,372
70$34,091,457$16,879,641$13,632,045$25,310,879
71$37,517,492$17,655,450$14,037,424$27,279,863
72$41,291,366$18,467,656$14,454,768$29,424,666
73$45,448,508$19,317,995$14,884,426$31,762,150
74$50,027,960$20,208,281$15,326,758$34,310,848
75$55,072,743$21,140,417$15,782,135$37,091,135
76$60,630,264$22,116,399$16,250,938$40,125,410
77$66,752,766$23,138,317$16,733,559$43,438,303
78$73,497,816$24,208,363$17,230,402$47,056,898
79$80,928,855$25,328,834$17,741,881$51,010,984
80$89,115,788$26,502,137$18,268,424$55,333,323
81$98,135,652$27,730,796$18,810,471$60,059,954
82$108,073,340$29,017,456$19,368,472$65,230,526
83$119,022,399$30,364,889$19,942,894$70,888,656
84$131,085,917$31,776,003$20,534,215$77,082,339
85$144,377,496$33,253,842$21,142,927$83,864,383
86$159,022,322$34,801,602$21,769,537$91,292,903
87$175,158,348$36,422,629$22,414,565$99,431,855
88$192,937,594$38,120,433$23,078,547$108,351,627
89$212,527,586$39,898,691$23,762,036$118,129,695
90$234,112,933$41,761,260$24,465,597$128,851,337
91$257,897,073$43,712,183$25,189,815$140,610,426
92$284,104,190$45,755,696$25,935,290$153,510,303
93$312,981,335$47,896,242$26,702,640$167,664,735
94$344,800,751$50,138,478$27,492,499$183,198,977
95$379,862,451$52,487,287$28,305,520$200,250,934
96$418,497,043$54,947,785$29,142,377$218,972,450
97$461,068,854$57,525,340$30,003,760$239,530,718
98$507,979,372$60,225,576$30,890,380$262,109,844
99$559,671,029$63,054,391$31,802,969$286,912,566
100$616,631,385$66,017,967$32,742,280$314,162,142