Can I retire at age 57 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$759,727$752,960$746,358$739,913$733,621$729,609
2 years$376,103$369,098$362,310$355,728$349,343$345,295
3 years$248,244$241,210$234,438$227,918$221,638$217,679
4 years$184,328$177,315$170,611$164,202$158,074$154,235
5 years$145,988$139,017$132,401$126,123$120,165$116,457
6 years$120,436$113,518$107,000$100,862$95,083$91,510
7 years$102,192$95,332$88,917$82,924$77,328$73,892
8 years$88,516$81,717$75,409$69,563$64,151$60,853
9 years$77,884$71,149$64,950$59,252$54,024$50,863
10 years$69,383$62,715$56,625$51,076$46,031$43,005
11 years$62,433$55,831$49,851$44,451$39,588$36,696
12 years$56,645$50,111$44,242$38,990$34,307$31,545
13 years$51,751$45,286$39,527$34,422$29,916$27,282
14 years$47,560$41,164$35,515$30,556$26,224$23,716
15 years$43,932$37,604$32,066$27,251$23,090$20,703
16 years$40,759$34,501$29,072$24,400$20,407$18,139
17 years$37,963$31,774$26,455$21,923$18,094$15,941
18 years$35,481$29,360$24,150$19,757$16,088$14,047
19 years$33,262$27,211$22,108$17,852$14,340$12,406
20 years$31,268$25,286$20,289$16,169$12,809$10,979
21 years$29,466$23,553$18,662$14,674$11,462$9,733
22 years$27,830$21,986$17,200$13,342$10,274$8,641
23 years$26,338$20,563$15,881$12,151$9,223$7,682
24 years$24,973$19,266$14,688$11,082$8,290$6,837
25 years$23,719$18,080$13,604$10,121$7,460$6,092
26 years$22,563$16,992$12,617$9,254$6,719$5,433
27 years$21,495$15,992$11,716$8,471$6,058$4,849
28 years$20,505$15,069$10,891$7,761$5,466$4,330
29 years$19,585$14,216$10,135$7,117$4,936$3,870
30 years$18,727$13,425$9,441$6,532$4,460$3,461
31 years$17,927$12,691$8,801$5,999$4,032$3,096
32 years$17,178$12,009$8,212$5,513$3,647$2,771
33 years$16,476$11,372$7,667$5,070$3,301$2,481
34 years$15,817$10,778$7,164$4,664$2,989$2,223
35 years$15,196$10,223$6,698$4,294$2,707$1,992
36 years$14,612$9,703$6,266$3,955$2,453$1,785
37 years$14,060$9,216$5,864$3,644$2,223$1,600
38 years$13,539$8,758$5,492$3,358$2,015$1,435
39 years$13,045$8,328$5,145$3,097$1,827$1,287
40 years$12,578$7,924$4,823$2,856$1,658$1,155
41 years$12,134$7,543$4,522$2,635$1,504$1,036
42 years$11,713$7,183$4,242$2,432$1,365$929
43 years$11,312$6,844$3,980$2,245$1,238$834
44 years$10,931$6,524$3,736$2,073$1,124$749
45 years$10,568$6,221$3,508$1,914$1,020$672
46 years$10,221$5,935$3,295$1,768$927$603
47 years$9,890$5,664$3,096$1,634$841$542
48 years$9,574$5,407$2,909$1,510$764$486
49 years$9,272$5,163$2,734$1,395$694$437
50 years$8,982$4,932$2,571$1,290$630$392

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,200,000, adding $5,475 every year, while hoping to spend $59,796 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: 63/24/13 Blend
56$9,200,000$9,200,000$9,200,000$9,200,000
57$10,144,047$9,656,447$9,513,847$10,751,493
58$11,115,118$10,065,991$9,768,939$11,568,615
59$12,183,233$10,493,598$10,030,572$12,453,132
60$13,358,229$10,940,090$10,298,902$13,417,511
61$14,650,942$11,406,329$10,574,089$14,469,515
62$16,073,313$11,893,213$10,856,295$15,617,680
63$17,638,496$12,401,686$11,145,687$16,871,401
64$19,360,988$12,932,734$11,442,432$18,241,012
65$21,256,760$13,487,389$11,746,705$19,737,885
66$23,343,411$14,066,732$12,058,681$21,374,535
67$25,640,331$14,671,895$12,378,539$23,164,731
68$28,168,888$15,304,061$12,706,464$25,123,633
69$30,952,626$15,964,470$13,042,641$27,267,922
70$34,017,485$16,654,421$13,387,261$29,615,961
71$37,392,052$17,375,271$13,740,518$32,187,965
72$41,107,826$18,128,444$14,102,610$35,006,187
73$45,199,515$18,915,429$14,473,738$38,095,126
74$49,705,365$19,737,784$14,854,108$41,481,754
75$54,667,520$20,597,143$15,243,928$45,195,771
76$60,132,420$21,495,216$15,643,412$49,269,876
77$66,151,236$22,433,791$16,052,776$53,740,078
78$72,780,359$23,414,744$16,472,241$58,646,025
79$80,081,927$24,440,037$16,902,032$64,031,383
80$88,124,410$25,511,726$17,342,377$69,944,237
81$96,983,261$26,631,962$17,793,508$76,437,544
82$106,741,626$27,803,000$18,255,662$83,569,628
83$117,491,125$29,027,200$18,729,080$91,404,725
84$129,332,721$30,307,034$19,214,006$100,013,585
85$142,377,671$31,645,091$19,710,688$109,474,134
86$156,748,576$33,044,083$20,219,378$119,872,206
87$172,580,537$34,506,850$20,740,334$131,302,346
88$190,022,432$36,036,366$21,273,815$143,868,699
89$209,238,319$37,635,747$21,820,087$157,685,983
90$230,408,985$39,308,255$22,379,417$172,880,570
91$253,733,651$41,057,310$22,952,078$189,591,670
92$279,431,857$42,886,491$23,538,345$207,972,637
93$307,745,527$44,799,550$24,138,500$228,192,413
94$338,941,257$46,800,414$24,752,827$250,437,114
95$373,312,831$48,893,200$25,381,612$274,911,775
96$411,183,992$51,082,219$26,025,148$301,842,284
97$452,911,498$53,371,987$26,683,730$331,477,502
98$498,888,493$55,767,236$27,357,656$364,091,603
99$549,548,212$58,272,923$28,047,230$399,986,656
100$605,368,074$60,894,241$28,752,757$439,495,462