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%17.3%
1 years$759,727$752,960$746,358$739,913$733,621$711,848
2 years$376,103$369,098$362,310$355,728$349,343$327,588
3 years$248,244$241,210$234,438$227,918$221,638$200,581
4 years$184,328$177,315$170,611$164,202$158,074$137,878
5 years$145,988$139,017$132,401$126,123$120,165$100,884
6 years$120,436$113,518$107,000$100,862$95,083$76,734
7 years$102,192$95,332$88,917$82,924$77,328$59,912
8 years$88,516$81,717$75,409$69,563$64,151$47,656
9 years$77,884$71,149$64,950$59,252$54,024$38,434
10 years$69,383$62,715$56,625$51,076$46,031$31,324
11 years$62,433$55,831$49,851$44,451$39,588$25,738
12 years$56,645$50,111$44,242$38,990$34,307$21,286
13 years$51,751$45,286$39,527$34,422$29,916$17,696
14 years$47,560$41,164$35,515$30,556$26,224$14,773
15 years$43,932$37,604$32,066$27,251$23,090$12,375
16 years$40,759$34,501$29,072$24,400$20,407$10,396
17 years$37,963$31,774$26,455$21,923$18,094$8,754
18 years$35,481$29,360$24,150$19,757$16,088$7,385
19 years$33,262$27,211$22,108$17,852$14,340$6,241
20 years$31,268$25,286$20,289$16,169$12,809$5,281
21 years$29,466$23,553$18,662$14,674$11,462$4,474
22 years$27,830$21,986$17,200$13,342$10,274$3,794
23 years$26,338$20,563$15,881$12,151$9,223$3,219
24 years$24,973$19,266$14,688$11,082$8,290$2,734
25 years$23,719$18,080$13,604$10,121$7,460$2,323
26 years$22,563$16,992$12,617$9,254$6,719$1,975
27 years$21,495$15,992$11,716$8,471$6,058$1,680
28 years$20,505$15,069$10,891$7,761$5,466$1,429
29 years$19,585$14,216$10,135$7,117$4,936$1,216
30 years$18,727$13,425$9,441$6,532$4,460$1,035
31 years$17,927$12,691$8,801$5,999$4,032$882
32 years$17,178$12,009$8,212$5,513$3,647$751
33 years$16,476$11,372$7,667$5,070$3,301$640
34 years$15,817$10,778$7,164$4,664$2,989$545
35 years$15,196$10,223$6,698$4,294$2,707$464
36 years$14,612$9,703$6,266$3,955$2,453$395
37 years$14,060$9,216$5,864$3,644$2,223$337
38 years$13,539$8,758$5,492$3,358$2,015$287
39 years$13,045$8,328$5,145$3,097$1,827$245
40 years$12,578$7,924$4,823$2,856$1,658$209
41 years$12,134$7,543$4,522$2,635$1,504$178
42 years$11,713$7,183$4,242$2,432$1,365$152
43 years$11,312$6,844$3,980$2,245$1,238$129
44 years$10,931$6,524$3,736$2,073$1,124$110
45 years$10,568$6,221$3,508$1,914$1,020$94
46 years$10,221$5,935$3,295$1,768$927$80
47 years$9,890$5,664$3,096$1,634$841$68
48 years$9,574$5,407$2,909$1,510$764$58
49 years$9,272$5,163$2,734$1,395$694$50
50 years$8,982$4,932$2,571$1,290$630$42

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 $6,883 every year, while hoping to spend $32,161 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: 48/28/24 Blend
56$9,200,000$9,200,000$9,200,000$9,200,000
57$10,145,500$9,657,900$9,515,300$10,562,955
58$11,146,122$10,096,918$9,799,843$11,294,692
59$12,247,729$10,556,370$10,092,841$12,085,100
60$13,460,589$11,037,223$10,394,542$12,942,803
61$14,796,013$11,540,491$10,705,204$13,874,147
62$16,266,468$12,067,237$11,025,090$14,886,102
63$17,885,689$12,618,572$11,354,471$15,986,330
64$19,668,811$13,195,665$11,693,628$17,183,247
65$21,632,514$13,799,736$12,042,849$18,486,108
66$23,795,175$14,432,068$12,402,429$19,905,083
67$26,177,046$15,094,003$12,772,674$21,451,354
68$28,800,443$15,786,947$13,153,896$23,137,217
69$31,689,957$16,512,376$13,546,420$24,976,193
70$34,872,685$17,271,835$13,950,578$26,983,151
71$38,378,487$18,066,943$14,366,711$29,174,448
72$42,240,268$18,899,399$14,795,171$31,568,073
73$46,494,287$19,770,981$15,236,320$34,183,821
74$51,180,499$20,683,554$15,690,532$37,043,464
75$56,342,934$21,639,072$16,158,189$40,170,964
76$62,030,111$22,639,585$16,639,687$43,592,684
77$68,295,497$23,687,239$17,135,431$47,337,637
78$75,198,009$24,784,285$17,645,839$51,437,753
79$82,802,573$25,933,082$18,171,342$55,928,175
80$91,180,735$27,136,103$18,712,381$60,847,585
81$100,411,338$28,395,939$19,269,413$66,238,560
82$110,581,261$29,715,307$19,842,906$72,147,972
83$121,786,248$31,097,056$20,433,341$78,627,422
84$134,131,803$32,544,169$21,041,216$85,733,715
85$147,734,191$34,059,777$21,667,040$93,529,399
86$162,721,532$35,647,159$22,311,339$102,083,337
87$179,235,012$37,309,755$22,974,654$111,471,355
88$197,430,219$39,051,167$23,657,540$121,776,950
89$217,478,603$40,875,176$24,360,569$133,092,063
90$239,569,103$42,785,743$25,084,331$145,517,947
91$263,909,926$44,787,019$25,829,431$159,166,104
92$290,730,513$46,883,358$26,596,491$174,159,332
93$320,283,707$49,079,323$27,386,155$190,632,875
94$352,848,134$51,379,699$28,199,080$208,735,685
95$388,730,841$53,789,502$29,035,947$228,631,818
96$428,270,188$56,313,989$29,897,453$250,501,972
97$471,839,046$58,958,673$30,784,316$274,545,177
98$519,848,315$61,729,334$31,697,276$300,980,664
99$572,750,802$64,632,030$32,637,094$330,049,920
100$631,045,498$67,673,114$33,604,551$362,018,949