Can I retire at age 57 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$784,501$777,513$770,696$764,041$757,543$727,200
2 years$388,367$381,134$374,124$367,327$360,735$330,545
3 years$256,339$249,075$242,083$235,350$228,865$199,780
4 years$190,339$183,097$176,174$169,557$163,228$135,469
5 years$150,748$143,550$136,719$130,236$124,084$97,721
6 years$124,364$117,219$110,489$104,151$98,183$73,233
7 years$105,525$98,441$91,817$85,628$79,849$56,303
8 years$91,402$84,382$77,868$71,831$66,243$44,075
9 years$80,423$73,470$67,068$61,184$55,786$34,963
10 years$71,646$64,760$58,471$52,741$47,532$28,014
11 years$64,469$57,652$51,477$45,901$40,879$22,619
12 years$58,492$51,745$45,685$40,261$35,425$18,373
13 years$53,439$46,763$40,816$35,545$30,891$14,995
14 years$49,111$42,506$36,673$31,552$27,079$12,285
15 years$45,364$38,830$33,111$28,139$23,843$10,095
16 years$42,089$35,626$30,020$25,196$21,072$8,316
17 years$39,201$32,810$27,317$22,638$18,684$6,865
18 years$36,638$30,318$24,937$20,401$16,613$5,676
19 years$34,347$28,098$22,829$18,434$14,808$4,699
20 years$32,287$26,110$20,951$16,696$13,226$3,895
21 years$30,427$24,321$19,271$15,153$11,836$3,232
22 years$28,737$22,702$17,761$13,777$10,609$2,683
23 years$27,197$21,233$16,399$12,547$9,524$2,229
24 years$25,787$19,894$15,167$11,444$8,560$1,853
25 years$24,492$18,670$14,047$10,451$7,703$1,541
26 years$23,299$17,546$13,028$9,556$6,938$1,282
27 years$22,196$16,513$12,098$8,747$6,256$1,067
28 years$21,173$15,560$11,246$8,014$5,644$888
29 years$20,223$14,679$10,466$7,349$5,097$739
30 years$19,338$13,863$9,748$6,745$4,605$615
31 years$18,511$13,105$9,088$6,194$4,164$512
32 years$17,738$12,400$8,479$5,693$3,766$427
33 years$17,013$11,743$7,917$5,235$3,408$355
34 years$16,332$11,130$7,397$4,817$3,086$296
35 years$15,692$10,557$6,916$4,434$2,795$247
36 years$15,088$10,020$6,470$4,084$2,533$205
37 years$14,519$9,516$6,056$3,762$2,295$171
38 years$13,980$9,044$5,671$3,468$2,081$143
39 years$13,471$8,600$5,313$3,198$1,887$119
40 years$12,988$8,182$4,980$2,949$1,712$99
41 years$12,530$7,789$4,670$2,721$1,553$83
42 years$12,095$7,418$4,380$2,511$1,409$69
43 years$11,681$7,068$4,110$2,318$1,279$57
44 years$11,287$6,737$3,858$2,140$1,161$48
45 years$10,912$6,424$3,623$1,977$1,054$40
46 years$10,554$6,128$3,403$1,826$957$33
47 years$10,213$5,848$3,197$1,687$869$28
48 years$9,886$5,583$3,004$1,559$789$23
49 years$9,574$5,332$2,823$1,441$717$19
50 years$9,275$5,093$2,654$1,332$651$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,500,000, adding $3,027 every year, while hoping to spend $39,710 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: 46/37/17 Blend
56$9,500,000$9,500,000$9,500,000$9,500,000
57$10,472,122$9,968,622$9,821,372$10,902,995
58$11,498,028$10,414,834$10,108,137$11,649,828
59$12,627,244$10,881,579$10,403,178$12,455,339
60$13,870,269$11,369,821$10,706,729$13,328,384
61$15,238,665$11,880,571$11,019,034$14,275,260
62$16,745,177$12,414,888$11,340,340$15,302,880
63$18,403,847$12,973,879$11,670,903$16,418,839
64$20,230,147$13,558,706$12,010,986$17,631,477
65$22,241,126$14,170,587$12,360,858$18,949,956
66$24,455,572$14,810,797$12,720,798$20,384,344
67$26,894,185$15,480,671$13,091,089$21,945,704
68$29,579,778$16,181,610$13,472,026$23,646,193
69$32,537,486$16,915,079$13,863,910$25,499,176
70$35,795,008$17,682,617$14,267,050$27,519,346
71$39,382,867$18,485,833$14,681,764$29,722,855
72$43,334,695$19,326,415$15,108,379$32,127,466
73$47,687,556$20,206,130$15,547,231$34,752,711
74$52,482,288$21,126,833$15,998,665$37,620,074
75$57,763,898$22,090,464$16,463,037$40,753,184
76$63,581,977$23,099,058$16,940,710$44,178,035
77$69,991,174$24,154,747$17,432,059$47,923,221
78$77,051,709$25,259,766$17,937,469$52,020,207
79$84,829,945$26,416,456$18,457,335$56,503,609
80$93,399,008$27,627,270$18,992,065$61,411,522
81$102,839,482$28,894,782$19,542,075$66,785,867
82$113,240,169$30,221,686$20,107,793$72,672,780
83$124,698,924$31,610,806$20,689,662$79,123,041
84$137,323,582$33,065,104$21,288,134$86,192,543
85$151,232,975$34,587,681$21,903,673$93,942,808
86$166,558,050$36,181,789$22,536,759$102,441,564
87$183,443,112$37,850,838$23,187,881$111,763,370
88$202,047,178$39,598,398$23,857,544$121,990,312
89$222,545,485$41,428,214$24,546,266$133,212,764
90$245,131,138$43,344,209$25,254,579$145,530,232
91$270,016,937$45,350,498$25,983,030$159,052,281
92$297,437,383$47,451,392$26,732,181$173,899,558
93$327,650,895$49,651,409$27,502,608$190,204,914
94$360,942,245$51,955,286$28,294,903$208,114,650
95$397,625,247$54,367,988$29,109,676$227,789,879
96$438,045,722$56,894,720$29,947,550$249,408,034
97$482,584,762$59,540,937$30,809,169$273,164,527
98$531,662,322$62,312,357$31,695,190$299,274,581
99$585,741,191$65,214,976$32,606,292$327,975,236
100$645,331,359$68,255,075$33,543,168$359,527,578