Can I retire at age 57 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$767,985$761,144$754,470$747,956$741,595$719,008
2 years$380,191$373,110$366,248$359,594$353,141$330,578
3 years$250,943$243,832$236,987$230,396$224,047$202,217
4 years$186,331$179,242$172,466$165,987$159,792$138,862
5 years$147,575$140,528$133,840$127,494$121,471$101,498
6 years$121,745$114,752$108,163$101,958$96,116$77,116
7 years$103,303$96,368$89,884$83,825$78,168$60,141
8 years$89,478$82,605$76,229$70,319$64,848$47,783
9 years$78,730$71,923$65,656$59,896$54,611$38,489
10 years$70,137$63,396$57,240$51,631$46,532$31,329
11 years$63,111$56,438$50,393$44,934$40,019$25,710
12 years$57,261$50,656$44,723$39,414$34,679$21,235
13 years$52,314$45,778$39,957$34,796$30,241$17,629
14 years$48,077$41,611$35,901$30,888$26,509$14,697
15 years$44,409$38,012$32,414$27,547$23,341$12,294
16 years$41,203$34,876$29,388$24,665$20,629$10,313
17 years$38,376$32,119$26,742$22,162$18,291$8,671
18 years$35,867$29,680$24,412$19,972$16,263$7,305
19 years$33,624$27,507$22,348$18,046$14,496$6,163
20 years$31,608$25,561$20,510$16,344$12,948$5,207
21 years$29,786$23,809$18,865$14,834$11,587$4,405
22 years$28,132$22,225$17,387$13,487$10,386$3,729
23 years$26,625$20,786$16,054$12,283$9,323$3,160
24 years$25,245$19,475$14,847$11,203$8,380$2,679
25 years$23,977$18,277$13,752$10,231$7,541$2,273
26 years$22,809$17,177$12,754$9,355$6,792$1,929
27 years$21,729$16,166$11,843$8,563$6,124$1,638
28 years$20,728$15,233$11,010$7,845$5,526$1,392
29 years$19,797$14,370$10,245$7,194$4,990$1,182
30 years$18,931$13,571$9,543$6,603$4,508$1,005
31 years$18,122$12,829$8,897$6,064$4,076$854
32 years$17,365$12,139$8,301$5,573$3,687$726
33 years$16,655$11,496$7,751$5,125$3,337$618
34 years$15,988$10,896$7,242$4,715$3,021$525
35 years$15,361$10,334$6,771$4,341$2,736$447
36 years$14,771$9,809$6,334$3,998$2,479$380
37 years$14,213$9,316$5,928$3,683$2,247$323
38 years$13,686$8,854$5,551$3,395$2,037$275
39 years$13,187$8,419$5,201$3,130$1,847$234
40 years$12,715$8,010$4,875$2,887$1,676$199
41 years$12,266$7,625$4,571$2,664$1,520$169
42 years$11,840$7,261$4,288$2,458$1,379$144
43 years$11,435$6,919$4,024$2,269$1,252$123
44 years$11,050$6,595$3,777$2,095$1,136$104
45 years$10,682$6,289$3,546$1,935$1,032$89
46 years$10,332$5,999$3,331$1,788$937$76
47 years$9,998$5,725$3,129$1,651$850$64
48 years$9,678$5,466$2,941$1,526$772$55
49 years$9,372$5,219$2,764$1,410$701$47
50 years$9,080$4,986$2,599$1,304$637$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,300,000, adding $4,322 every year, while hoping to spend $30,777 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: 44/32/24 Blend
56$9,300,000$9,300,000$9,300,000$9,300,000
57$10,253,058$9,760,158$9,616,008$10,632,642
58$11,266,124$10,205,659$9,905,398$11,347,735
59$12,381,490$10,671,959$10,203,451$12,119,081
60$13,609,560$11,160,043$10,510,424$12,954,602
61$14,961,796$11,670,945$10,826,584$13,860,270
62$16,450,827$12,205,750$11,152,203$14,842,639
63$18,090,572$12,765,592$11,487,562$15,908,909
64$19,896,367$13,351,662$11,832,952$17,066,988
65$21,885,110$13,965,207$12,188,669$18,325,561
66$24,075,423$14,607,535$12,555,022$19,694,175
67$26,487,826$15,280,014$12,932,325$21,183,316
68$29,144,931$15,984,081$13,320,904$22,804,510
69$32,071,653$16,721,240$13,721,094$24,570,429
70$35,295,451$17,493,070$14,133,240$26,495,000
71$38,846,579$18,301,223$14,557,695$28,593,536
72$42,758,379$19,147,431$14,994,827$30,882,877
73$47,067,589$20,033,511$15,445,010$33,381,539
74$51,814,697$20,961,367$15,908,631$36,109,889
75$57,044,315$21,932,993$16,386,089$39,090,327
76$62,805,607$22,950,482$16,877,795$42,347,495
77$69,152,748$24,016,024$17,384,170$45,908,503
78$76,145,438$25,131,919$17,905,649$49,803,177
79$83,849,464$26,300,575$18,442,680$54,064,336
80$92,337,323$27,524,516$18,995,723$58,728,094
81$101,688,902$28,806,389$19,565,252$63,834,193
82$111,992,237$30,148,969$20,151,755$69,426,372
83$123,344,341$31,555,165$20,755,734$75,552,772
84$135,852,120$33,028,024$21,377,708$82,266,381
85$149,633,381$34,570,743$22,018,206$89,625,527
86$164,817,949$36,186,671$22,677,779$97,694,419
87$181,548,884$37,879,323$23,356,989$106,543,743
88$199,983,839$39,652,378$24,056,417$116,251,324
89$220,296,544$41,509,698$24,776,660$126,902,842
90$242,678,446$43,455,329$25,518,333$138,592,638
91$267,340,520$45,493,512$26,282,070$151,424,590
92$294,515,256$47,628,696$27,068,521$165,513,082
93$324,458,853$49,865,543$27,878,358$180,984,073
94$357,453,643$52,208,942$28,712,270$197,976,272
95$393,810,750$54,664,016$29,570,967$216,642,433
96$433,873,034$57,236,140$30,455,181$237,150,787
97$478,018,318$59,930,946$31,365,665$259,686,611
98$526,662,964$62,754,339$32,303,192$284,453,965
99$580,265,797$65,712,512$33,268,559$311,677,601
100$639,332,440$68,811,957$34,262,588$341,605,067