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 $2,093 every year, while hoping to spend $43,596 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: 67/24/9 Blend
56$9,200,000$9,200,000$9,200,000$9,200,000
57$10,140,559$9,652,959$9,510,359$10,801,836
58$11,128,510$10,079,568$9,782,570$11,668,037
59$12,215,771$10,525,620$10,062,439$12,609,257
60$13,412,426$10,992,021$10,350,177$13,637,105
61$14,729,584$11,479,721$10,645,999$14,760,045
62$16,179,490$11,989,715$10,950,128$15,987,386
63$17,775,631$12,523,045$11,262,790$17,329,372
64$19,532,872$13,080,801$11,584,221$18,797,274
65$21,467,593$13,664,128$11,914,660$20,403,495
66$23,597,839$14,274,222$12,254,352$22,161,686
67$25,943,498$14,912,338$12,603,552$24,086,868
68$28,526,482$15,579,790$12,962,519$26,195,576
69$31,370,938$16,277,955$13,331,518$28,506,010
70$34,503,474$17,008,274$13,710,824$31,038,204
71$37,953,408$17,772,260$14,100,717$33,814,211
72$41,753,049$18,571,494$14,501,484$36,858,312
73$45,937,997$19,407,634$14,913,421$40,197,238
74$50,547,484$20,282,419$15,336,832$43,860,419
75$55,624,738$21,197,669$15,772,026$47,880,261
76$61,217,397$22,155,290$16,219,325$52,292,447
77$67,377,953$23,157,281$16,679,054$57,136,267
78$74,164,252$24,205,736$17,151,550$62,454,990
79$81,640,037$25,302,848$17,637,158$68,296,265
80$89,875,549$26,450,916$18,136,231$74,712,565
81$98,948,193$27,652,348$18,649,133$81,761,681
82$108,943,264$28,909,669$19,176,234$89,507,261
83$119,954,757$30,225,523$19,717,918$98,019,406
84$132,086,250$31,602,681$20,274,576$107,375,327
85$145,451,882$33,044,047$20,846,608$117,660,066
86$160,177,433$34,552,664$21,434,429$128,967,295
87$176,401,508$36,131,721$22,038,459$141,400,196
88$194,276,847$37,784,561$22,659,133$155,072,423
89$213,971,765$39,514,685$23,296,894$170,109,174
90$235,671,744$41,325,763$23,952,199$186,648,364
91$259,581,179$43,221,642$24,625,514$204,841,919
92$285,925,309$45,206,353$25,317,319$224,857,202
93$314,952,347$47,284,121$26,028,106$246,878,586
94$346,935,817$49,459,373$26,758,378$271,109,188
95$382,177,138$51,736,750$27,508,651$297,772,775
96$421,008,470$54,121,115$28,279,455$327,115,868
97$463,795,851$56,617,566$29,071,333$359,410,060
98$510,942,646$59,231,445$29,884,841$394,954,570
99$562,893,362$61,968,352$30,720,550$434,079,059
100$620,137,840$64,834,157$31,579,043$477,146,728