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%18.6%
1 years$776,243$769,329$762,583$755,999$749,569$723,550
2 years$384,279$377,122$370,186$363,461$356,938$330,993
3 years$253,641$246,453$239,535$232,873$226,456$201,400
4 years$188,335$181,169$174,320$167,772$161,510$137,536
5 years$149,162$142,039$135,279$128,865$122,778$99,947
6 years$123,055$115,985$109,326$103,054$97,150$75,481
7 years$104,414$97,404$90,850$84,727$79,009$58,498
8 years$90,440$83,494$77,048$71,075$65,545$46,176
9 years$79,577$72,696$66,362$60,540$55,199$36,946
10 years$70,892$64,078$57,856$52,186$47,032$29,866
11 years$63,790$57,045$50,935$45,418$40,449$24,335
12 years$57,876$51,201$45,204$39,837$35,052$19,953
13 years$52,876$46,270$40,386$35,170$30,566$16,441
14 years$48,594$42,058$36,287$31,220$26,794$13,602
15 years$44,887$38,421$32,763$27,843$23,592$11,290
16 years$41,646$35,251$29,704$24,930$20,850$9,396
17 years$38,789$32,465$27,030$22,400$18,487$7,836
18 years$36,252$29,999$24,675$20,187$16,438$6,548
19 years$33,985$27,802$22,588$18,240$14,652$5,479
20 years$31,948$25,835$20,730$16,520$13,087$4,590
21 years$30,106$24,065$19,068$14,993$11,712$3,850
22 years$28,435$22,463$17,574$13,632$10,498$3,232
23 years$26,911$21,010$16,227$12,415$9,423$2,715
24 years$25,516$19,685$15,007$11,323$8,470$2,282
25 years$24,235$18,473$13,899$10,341$7,622$1,919
26 years$23,054$17,362$12,891$9,455$6,865$1,614
27 years$21,962$16,339$11,970$8,655$6,190$1,358
28 years$20,951$15,397$11,128$7,930$5,585$1,144
29 years$20,010$14,525$10,356$7,272$5,043$963
30 years$19,134$13,717$9,646$6,674$4,557$811
31 years$18,317$12,967$8,993$6,129$4,120$683
32 years$17,551$12,270$8,390$5,633$3,727$576
33 years$16,834$11,620$7,834$5,180$3,373$485
34 years$16,160$11,013$7,320$4,766$3,054$409
35 years$15,527$10,445$6,843$4,387$2,766$344
36 years$14,929$9,914$6,402$4,041$2,506$290
37 years$14,366$9,416$5,992$3,723$2,271$245
38 years$13,833$8,949$5,611$3,431$2,059$206
39 years$13,329$8,509$5,257$3,164$1,867$174
40 years$12,851$8,096$4,927$2,918$1,694$147
41 years$12,398$7,707$4,620$2,692$1,536$124
42 years$11,968$7,340$4,334$2,485$1,394$104
43 years$11,558$6,993$4,067$2,294$1,265$88
44 years$11,169$6,666$3,818$2,118$1,149$74
45 years$10,797$6,357$3,585$1,956$1,043$62
46 years$10,443$6,064$3,367$1,807$947$53
47 years$10,105$5,787$3,163$1,669$860$44
48 years$9,782$5,524$2,972$1,542$781$37
49 years$9,473$5,275$2,794$1,425$709$32
50 years$9,178$5,039$2,627$1,318$644$27

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 $5,360 every year, while hoping to spend $30,698 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: 66/15/19 Blend
56$9,400,000$9,400,000$9,400,000$9,400,000
57$10,364,329$9,866,129$9,720,429$10,998,923
58$11,388,828$10,316,907$10,013,401$11,875,616
59$12,516,797$10,788,744$10,315,158$12,829,592
60$13,758,758$11,282,640$10,625,964$13,871,727
61$15,126,304$11,799,642$10,946,086$15,010,670
62$16,632,210$12,340,848$11,275,804$16,255,941
63$18,290,555$12,907,408$11,615,402$17,618,016
64$20,116,848$13,500,528$11,965,175$19,108,424
65$22,128,185$14,121,472$12,325,426$20,739,856
66$24,343,400$14,771,564$12,696,468$22,526,281
67$26,783,247$15,452,192$13,078,621$24,483,076
68$29,470,600$16,164,810$13,472,215$26,627,170
69$32,430,659$16,910,944$13,877,593$28,977,200
70$35,691,197$17,692,191$14,295,103$31,553,686
71$39,282,817$18,510,226$14,725,107$34,379,219
72$43,239,243$19,366,806$15,167,976$37,478,678
73$47,597,635$20,263,769$15,624,093$40,879,456
74$52,398,946$21,203,046$16,093,852$44,611,717
75$57,688,300$22,186,657$16,577,658$48,708,681
76$63,515,425$23,216,721$17,075,928$53,206,930
77$69,935,119$24,295,461$17,589,092$58,146,755
78$77,007,767$25,425,205$18,117,592$63,572,528
79$84,799,912$26,608,392$18,661,884$69,533,120
80$93,384,882$27,847,583$19,222,437$76,082,360
81$102,843,484$29,145,458$19,799,732$83,279,536
82$113,264,763$30,504,830$20,394,267$91,189,955
83$124,746,847$31,928,645$21,006,554$99,885,548
84$137,397,870$33,419,992$21,637,117$109,445,555
85$151,336,993$34,982,112$22,286,501$119,957,260
86$166,695,529$36,618,398$22,955,261$131,516,814
87$183,618,184$38,332,411$23,643,973$144,230,137
88$202,264,420$40,127,881$24,353,228$158,213,913
89$222,809,964$42,008,720$25,083,635$173,596,686
90$245,448,463$43,979,029$25,835,819$190,520,067
91$270,393,312$46,043,108$26,610,425$209,140,068
92$297,879,673$48,205,464$27,408,117$229,628,566
93$328,166,690$50,470,821$28,229,579$252,174,919
94$361,539,936$52,844,135$29,075,514$276,987,748
95$398,314,111$55,330,599$29,946,645$304,296,900
96$438,836,010$57,935,658$30,843,717$334,355,610
97$483,487,799$60,665,022$31,767,498$367,442,884
98$532,690,623$63,524,676$32,718,777$403,866,125
99$586,908,576$66,520,895$33,698,367$443,964,028
100$646,653,092$69,660,260$34,707,103$488,109,766