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%17.9%
1 years$776,243$769,329$762,583$755,999$749,569$725,575
2 years$384,279$377,122$370,186$363,461$356,938$332,985
3 years$253,641$246,453$239,535$232,873$226,456$203,297
4 years$188,335$181,169$174,320$167,772$161,510$139,322
5 years$149,162$142,039$135,279$128,865$122,778$101,620
6 years$123,055$115,985$109,326$103,054$97,150$77,040
7 years$104,414$97,404$90,850$84,727$79,009$59,945
8 years$90,440$83,494$77,048$71,075$65,545$47,514
9 years$79,577$72,696$66,362$60,540$55,199$38,180
10 years$70,892$64,078$57,856$52,186$47,032$31,000
11 years$63,790$57,045$50,935$45,418$40,449$25,374
12 years$57,876$51,201$45,204$39,837$35,052$20,901
13 years$52,876$46,270$40,386$35,170$30,566$17,305
14 years$48,594$42,058$36,287$31,220$26,794$14,387
15 years$44,887$38,421$32,763$27,843$23,592$12,001
16 years$41,646$35,251$29,704$24,930$20,850$10,038
17 years$38,789$32,465$27,030$22,400$18,487$8,415
18 years$36,252$29,999$24,675$20,187$16,438$7,068
19 years$33,985$27,802$22,588$18,240$14,652$5,946
20 years$31,948$25,835$20,730$16,520$13,087$5,008
21 years$30,106$24,065$19,068$14,993$11,712$4,223
22 years$28,435$22,463$17,574$13,632$10,498$3,564
23 years$26,911$21,010$16,227$12,415$9,423$3,011
24 years$25,516$19,685$15,007$11,323$8,470$2,545
25 years$24,235$18,473$13,899$10,341$7,622$2,152
26 years$23,054$17,362$12,891$9,455$6,865$1,821
27 years$21,962$16,339$11,970$8,655$6,190$1,541
28 years$20,951$15,397$11,128$7,930$5,585$1,305
29 years$20,010$14,525$10,356$7,272$5,043$1,105
30 years$19,134$13,717$9,646$6,674$4,557$936
31 years$18,317$12,967$8,993$6,129$4,120$793
32 years$17,551$12,270$8,390$5,633$3,727$672
33 years$16,834$11,620$7,834$5,180$3,373$569
34 years$16,160$11,013$7,320$4,766$3,054$483
35 years$15,527$10,445$6,843$4,387$2,766$409
36 years$14,929$9,914$6,402$4,041$2,506$347
37 years$14,366$9,416$5,992$3,723$2,271$294
38 years$13,833$8,949$5,611$3,431$2,059$249
39 years$13,329$8,509$5,257$3,164$1,867$211
40 years$12,851$8,096$4,927$2,918$1,694$179
41 years$12,398$7,707$4,620$2,692$1,536$152
42 years$11,968$7,340$4,334$2,485$1,394$129
43 years$11,558$6,993$4,067$2,294$1,265$109
44 years$11,169$6,666$3,818$2,118$1,149$93
45 years$10,797$6,357$3,585$1,956$1,043$79
46 years$10,443$6,064$3,367$1,807$947$67
47 years$10,105$5,787$3,163$1,669$860$57
48 years$9,782$5,524$2,972$1,542$781$48
49 years$9,473$5,275$2,794$1,425$709$41
50 years$9,178$5,039$2,627$1,318$644$35

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 $5,684 every year, while hoping to spend $54,500 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: 24/46/30 Blend
56$9,400,000$9,400,000$9,400,000$9,400,000
57$10,364,663$9,866,463$9,720,763$10,515,797
58$11,363,871$10,291,932$9,988,421$11,072,005
59$12,463,172$10,736,423$10,263,219$11,662,538
60$13,672,717$11,200,809$10,545,338$12,294,102
61$15,003,692$11,686,007$10,834,965$12,970,155
62$16,468,422$12,192,975$11,132,290$13,694,479
63$18,080,487$12,722,716$11,437,508$14,471,210
64$19,854,849$13,276,282$11,750,817$15,304,874
65$21,807,996$13,854,772$12,072,421$16,200,426
66$23,958,095$14,459,339$12,402,530$17,163,292
67$26,325,162$15,091,188$12,741,357$18,199,413
68$28,931,256$15,751,583$13,089,120$19,315,302
69$31,800,681$16,441,847$13,446,042$20,518,093
70$34,960,217$17,163,365$13,812,351$21,815,609
71$38,439,376$17,917,587$14,188,282$23,216,428
72$42,270,676$18,706,032$14,574,072$24,729,957
73$46,489,948$19,530,291$14,969,967$26,366,516
74$51,136,678$20,392,030$15,376,216$28,137,430
75$56,254,374$21,292,994$15,793,074$30,055,128
76$61,890,980$22,235,011$16,220,802$32,133,252
77$68,099,327$23,219,994$16,659,667$34,386,781
78$74,937,634$24,249,949$17,109,940$36,832,166
79$82,470,051$25,326,975$17,571,902$39,487,473
80$90,767,271$26,453,271$18,045,836$42,372,548
81$99,907,194$27,631,143$18,532,032$45,509,197
82$109,975,661$28,863,002$19,030,789$48,921,378
83$121,067,267$30,151,378$19,542,409$52,635,426
84$133,286,250$31,498,918$20,067,202$56,680,283
85$146,747,479$32,908,396$20,605,484$61,087,766
86$161,577,532$34,382,718$21,157,579$65,892,856
87$177,915,899$35,924,929$21,723,815$71,134,016
88$195,916,288$37,538,219$22,304,531$76,853,543
89$215,748,086$39,225,928$22,900,070$83,097,955
90$237,597,950$40,991,557$23,510,781$89,918,418
91$261,671,572$42,838,775$24,137,023$97,371,213
92$288,195,621$44,771,423$24,779,162$105,518,259
93$317,419,879$46,793,528$25,437,568$114,427,675
94$349,619,603$48,909,307$26,112,623$124,174,416
95$385,098,120$51,123,181$26,804,714$134,840,958
96$424,189,692$53,439,780$27,514,235$146,518,063
97$467,262,668$55,863,956$28,241,589$159,305,621
98$514,722,964$58,400,795$28,987,187$173,313,569
99$567,017,896$61,055,623$29,751,447$188,662,912
100$624,640,396$63,834,023$30,534,795$205,486,849