Can I retire at age 57 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$776,243$769,329$762,583$755,999$749,569$743,289
2 years$384,279$377,122$370,186$363,461$356,938$350,608
3 years$253,641$246,453$239,535$232,873$226,456$220,273
4 years$188,335$181,169$174,320$167,772$161,510$155,522
5 years$149,162$142,039$135,279$128,865$122,778$117,001
6 years$123,055$115,985$109,326$103,054$97,150$91,592
7 years$104,414$97,404$90,850$84,727$79,009$73,673
8 years$90,440$83,494$77,048$71,075$65,545$60,431
9 years$79,577$72,696$66,362$60,540$55,199$50,305
10 years$70,892$64,078$57,856$52,186$47,032$42,356
11 years$63,790$57,045$50,935$45,418$40,449$35,987
12 years$57,876$51,201$45,204$39,837$35,052$30,800
13 years$52,876$46,270$40,386$35,170$30,566$26,518
14 years$48,594$42,058$36,287$31,220$26,794$22,946
15 years$44,887$38,421$32,763$27,843$23,592$19,938
16 years$41,646$35,251$29,704$24,930$20,850$17,386
17 years$38,789$32,465$27,030$22,400$18,487$15,205
18 years$36,252$29,999$24,675$20,187$16,438$13,333
19 years$33,985$27,802$22,588$18,240$14,652$11,716
20 years$31,948$25,835$20,730$16,520$13,087$10,316
21 years$30,106$24,065$19,068$14,993$11,712$9,098
22 years$28,435$22,463$17,574$13,632$10,498$8,035
23 years$26,911$21,010$16,227$12,415$9,423$7,106
24 years$25,516$19,685$15,007$11,323$8,470$6,291
25 years$24,235$18,473$13,899$10,341$7,622$5,575
26 years$23,054$17,362$12,891$9,455$6,865$4,944
27 years$21,962$16,339$11,970$8,655$6,190$4,388
28 years$20,951$15,397$11,128$7,930$5,585$3,898
29 years$20,010$14,525$10,356$7,272$5,043$3,464
30 years$19,134$13,717$9,646$6,674$4,557$3,080
31 years$18,317$12,967$8,993$6,129$4,120$2,740
32 years$17,551$12,270$8,390$5,633$3,727$2,438
33 years$16,834$11,620$7,834$5,180$3,373$2,171
34 years$16,160$11,013$7,320$4,766$3,054$1,933
35 years$15,527$10,445$6,843$4,387$2,766$1,722
36 years$14,929$9,914$6,402$4,041$2,506$1,534
37 years$14,366$9,416$5,992$3,723$2,271$1,367
38 years$13,833$8,949$5,611$3,431$2,059$1,219
39 years$13,329$8,509$5,257$3,164$1,867$1,087
40 years$12,851$8,096$4,927$2,918$1,694$969
41 years$12,398$7,707$4,620$2,692$1,536$864
42 years$11,968$7,340$4,334$2,485$1,394$771
43 years$11,558$6,993$4,067$2,294$1,265$688
44 years$11,169$6,666$3,818$2,118$1,149$613
45 years$10,797$6,357$3,585$1,956$1,043$547
46 years$10,443$6,064$3,367$1,807$947$488
47 years$10,105$5,787$3,163$1,669$860$436
48 years$9,782$5,524$2,972$1,542$781$389
49 years$9,473$5,275$2,794$1,425$709$347
50 years$9,178$5,039$2,627$1,318$644$310

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,400,000, adding $3,600 every year, while hoping to spend $24,372 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: 49/30/21 Blend
56$9,400,000$9,400,000$9,400,000$9,400,000
57$10,362,513$9,864,313$9,718,613$10,808,862
58$11,393,558$10,321,733$10,018,255$11,576,715
59$12,528,953$10,800,750$10,327,118$12,407,644
60$13,779,315$11,302,395$10,645,486$13,309,840
61$15,156,345$11,827,752$10,973,649$14,290,024
62$16,672,935$12,377,956$11,311,910$15,355,580
63$18,343,293$12,954,194$11,660,578$16,514,621
64$20,183,074$13,557,714$12,019,972$17,776,064
65$22,209,528$14,189,823$12,390,422$19,149,704
66$24,441,666$14,851,891$12,772,267$20,646,313
67$26,900,435$15,545,352$13,165,857$22,277,729
68$29,608,919$16,271,714$13,571,552$24,056,970
69$32,592,554$17,032,553$13,989,724$25,998,347
70$35,879,370$17,829,524$14,420,757$28,117,601
71$39,500,258$18,664,362$14,865,043$30,432,042
72$43,489,253$19,538,885$15,322,991$32,960,710
73$47,883,864$20,454,998$15,795,019$35,724,550
74$52,725,425$21,414,700$16,281,559$38,746,604
75$58,059,484$22,420,086$16,783,057$42,052,223
76$63,936,233$23,473,352$17,299,971$45,669,300
77$70,410,983$24,576,800$17,832,774$49,628,530
78$77,544,684$25,732,844$18,381,953$53,963,690
79$85,404,505$26,944,016$18,948,011$58,711,955
80$94,064,460$28,212,969$19,531,465$63,914,239
81$103,606,115$29,542,484$20,132,849$69,615,578
82$114,119,351$30,935,479$20,752,712$75,865,542
83$125,703,218$32,395,010$21,391,621$82,718,702
84$138,466,866$33,924,285$22,050,160$90,235,133
85$152,530,576$35,526,665$22,728,931$98,480,972
86$168,026,898$37,205,675$23,428,553$107,529,038
87$185,101,898$38,965,009$24,149,665$117,459,505
88$203,916,540$40,808,543$24,892,928$128,360,654
89$224,648,204$42,740,339$25,659,018$140,329,691
90$247,492,362$44,764,656$26,448,636$153,473,660
91$272,664,420$46,885,961$27,262,502$167,910,438
92$300,401,755$49,108,937$28,101,360$183,769,839
93$330,965,953$51,438,494$28,965,974$201,194,826
94$364,645,280$53,879,781$29,857,135$220,342,849
95$401,757,405$56,438,196$30,775,655$241,387,317
96$442,652,393$59,119,400$31,722,372$264,519,223
97$487,716,015$61,929,329$32,698,149$289,948,930
98$537,373,388$64,874,206$33,703,877$317,908,146
99$592,092,989$67,960,558$34,740,473$348,652,091
100$652,391,077$71,195,228$35,808,881$382,461,894