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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.3%
1 years$776,243$769,329$762,583$755,999$749,569$724,416
2 years$384,279$377,122$370,186$363,461$356,938$331,844
3 years$253,641$246,453$239,535$232,873$226,456$202,210
4 years$188,335$181,169$174,320$167,772$161,510$138,298
5 years$149,162$142,039$135,279$128,865$122,778$100,660
6 years$123,055$115,985$109,326$103,054$97,150$76,145
7 years$104,414$97,404$90,850$84,727$79,009$59,114
8 years$90,440$83,494$77,048$71,075$65,545$46,745
9 years$79,577$72,696$66,362$60,540$55,199$37,470
10 years$70,892$64,078$57,856$52,186$47,032$30,347
11 years$63,790$57,045$50,935$45,418$40,449$24,775
12 years$57,876$51,201$45,204$39,837$35,052$20,354
13 years$52,876$46,270$40,386$35,170$30,566$16,806
14 years$48,594$42,058$36,287$31,220$26,794$13,933
15 years$44,887$38,421$32,763$27,843$23,592$11,590
16 years$41,646$35,251$29,704$24,930$20,850$9,666
17 years$38,789$32,465$27,030$22,400$18,487$8,080
18 years$36,252$29,999$24,675$20,187$16,438$6,766
19 years$33,985$27,802$22,588$18,240$14,652$5,675
20 years$31,948$25,835$20,730$16,520$13,087$4,765
21 years$30,106$24,065$19,068$14,993$11,712$4,006
22 years$28,435$22,463$17,574$13,632$10,498$3,370
23 years$26,911$21,010$16,227$12,415$9,423$2,838
24 years$25,516$19,685$15,007$11,323$8,470$2,391
25 years$24,235$18,473$13,899$10,341$7,622$2,015
26 years$23,054$17,362$12,891$9,455$6,865$1,700
27 years$21,962$16,339$11,970$8,655$6,190$1,434
28 years$20,951$15,397$11,128$7,930$5,585$1,210
29 years$20,010$14,525$10,356$7,272$5,043$1,021
30 years$19,134$13,717$9,646$6,674$4,557$862
31 years$18,317$12,967$8,993$6,129$4,120$728
32 years$17,551$12,270$8,390$5,633$3,727$615
33 years$16,834$11,620$7,834$5,180$3,373$520
34 years$16,160$11,013$7,320$4,766$3,054$439
35 years$15,527$10,445$6,843$4,387$2,766$371
36 years$14,929$9,914$6,402$4,041$2,506$313
37 years$14,366$9,416$5,992$3,723$2,271$265
38 years$13,833$8,949$5,611$3,431$2,059$224
39 years$13,329$8,509$5,257$3,164$1,867$189
40 years$12,851$8,096$4,927$2,918$1,694$160
41 years$12,398$7,707$4,620$2,692$1,536$135
42 years$11,968$7,340$4,334$2,485$1,394$114
43 years$11,558$6,993$4,067$2,294$1,265$96
44 years$11,169$6,666$3,818$2,118$1,149$82
45 years$10,797$6,357$3,585$1,956$1,043$69
46 years$10,443$6,064$3,367$1,807$947$58
47 years$10,105$5,787$3,163$1,669$860$49
48 years$9,782$5,524$2,972$1,542$781$42
49 years$9,473$5,275$2,794$1,425$709$35
50 years$9,178$5,039$2,627$1,318$644$30

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 $3,370 every year, while hoping to spend $32,278 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: 80/12/8 Blend
56$9,400,000$9,400,000$9,400,000$9,400,000
57$10,362,276$9,864,076$9,718,376$11,180,274
58$11,384,885$10,313,072$10,009,598$12,165,814
59$12,510,718$10,782,988$10,309,494$13,242,394
60$13,750,270$11,274,813$10,618,321$14,422,728
61$15,115,105$11,789,586$10,936,343$15,717,165
62$16,617,966$12,328,396$11,263,830$17,137,096
63$18,272,894$12,892,383$11,601,064$18,695,068
64$20,095,362$13,482,743$11,948,333$20,404,896
65$22,102,418$14,100,726$12,305,931$22,281,793
66$24,312,850$14,747,647$12,674,165$24,342,510
67$26,747,359$15,424,880$13,053,348$26,605,500
68$29,428,758$16,133,868$13,443,804$29,091,081
69$32,382,185$16,876,121$13,845,865$31,821,632
70$35,635,339$17,653,223$14,259,873$34,821,802
71$39,218,746$18,466,833$14,686,181$38,118,739
72$43,166,041$19,318,691$15,125,151$41,742,346
73$47,514,291$20,210,620$15,577,156$45,725,561
74$52,304,339$21,144,530$16,042,582$50,104,665
75$57,581,195$22,122,426$16,521,822$54,919,623
76$63,394,457$23,146,405$17,015,283$60,214,458
77$69,798,782$24,218,669$17,523,385$66,037,668
78$76,854,398$25,341,524$18,046,559$72,442,675
79$84,627,675$26,517,387$18,585,247$79,488,334
80$93,191,751$27,748,792$19,139,906$87,239,479
81$102,627,222$29,038,396$19,711,006$95,767,538
82$113,022,904$30,388,983$20,299,030$105,151,199
83$124,476,669$31,803,471$20,904,475$115,477,157
84$137,096,368$33,284,920$21,527,854$126,840,922
85$151,000,853$34,836,537$22,169,693$139,347,719
86$166,321,097$36,461,684$22,830,534$153,113,483
87$183,201,427$38,163,885$23,510,936$168,265,944
88$201,800,892$39,946,834$24,211,471$184,945,830
89$222,294,759$41,814,406$24,932,732$203,308,194
90$244,876,172$43,770,658$25,675,325$223,523,873
91$269,757,969$45,819,849$26,439,877$245,781,094
92$297,174,700$47,966,439$27,227,030$270,287,250
93$327,384,832$50,215,107$28,037,448$297,270,850
94$360,673,194$52,570,756$28,871,812$326,983,673
95$397,353,665$55,038,528$29,730,823$359,703,140
96$437,772,135$57,623,813$30,615,202$395,734,927
97$482,309,775$60,332,262$31,525,693$435,415,846
98$531,386,627$63,169,798$32,463,059$479,117,016
99$585,465,578$66,142,633$33,428,086$527,247,365
100$645,056,723$69,257,278$34,421,584$580,257,481