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%12.6%
1 years$784,501$777,513$770,696$764,041$757,543$749,320
2 years$388,367$381,134$374,124$367,327$360,735$352,456
3 years$256,339$249,075$242,083$235,350$228,865$220,786
4 years$190,339$183,097$176,174$169,557$163,228$155,412
5 years$150,748$143,550$136,719$130,236$124,084$116,553
6 years$124,364$117,219$110,489$104,151$98,183$90,947
7 years$105,525$98,441$91,817$85,628$79,849$72,911
8 years$91,402$84,382$77,868$71,831$66,243$59,602
9 years$80,423$73,470$67,068$61,184$55,786$49,440
10 years$71,646$64,760$58,471$52,741$47,532$41,477
11 years$64,469$57,652$51,477$45,901$40,879$35,110
12 years$58,492$51,745$45,685$40,261$35,425$29,935
13 years$53,439$46,763$40,816$35,545$30,891$25,675
14 years$49,111$42,506$36,673$31,552$27,079$22,128
15 years$45,364$38,830$33,111$28,139$23,843$19,150
16 years$42,089$35,626$30,020$25,196$21,072$16,630
17 years$39,201$32,810$27,317$22,638$18,684$14,483
18 years$36,638$30,318$24,937$20,401$16,613$12,645
19 years$34,347$28,098$22,829$18,434$14,808$11,065
20 years$32,287$26,110$20,951$16,696$13,226$9,699
21 years$30,427$24,321$19,271$15,153$11,836$8,516
22 years$28,737$22,702$17,761$13,777$10,609$7,488
23 years$27,197$21,233$16,399$12,547$9,524$6,591
24 years$25,787$19,894$15,167$11,444$8,560$5,808
25 years$24,492$18,670$14,047$10,451$7,703$5,123
26 years$23,299$17,546$13,028$9,556$6,938$4,522
27 years$22,196$16,513$12,098$8,747$6,256$3,995
28 years$21,173$15,560$11,246$8,014$5,644$3,531
29 years$20,223$14,679$10,466$7,349$5,097$3,123
30 years$19,338$13,863$9,748$6,745$4,605$2,763
31 years$18,511$13,105$9,088$6,194$4,164$2,446
32 years$17,738$12,400$8,479$5,693$3,766$2,166
33 years$17,013$11,743$7,917$5,235$3,408$1,919
34 years$16,332$11,130$7,397$4,817$3,086$1,700
35 years$15,692$10,557$6,916$4,434$2,795$1,507
36 years$15,088$10,020$6,470$4,084$2,533$1,336
37 years$14,519$9,516$6,056$3,762$2,295$1,184
38 years$13,980$9,044$5,671$3,468$2,081$1,050
39 years$13,471$8,600$5,313$3,198$1,887$932
40 years$12,988$8,182$4,980$2,949$1,712$827
41 years$12,530$7,789$4,670$2,721$1,553$733
42 years$12,095$7,418$4,380$2,511$1,409$651
43 years$11,681$7,068$4,110$2,318$1,279$577
44 years$11,287$6,737$3,858$2,140$1,161$513
45 years$10,912$6,424$3,623$1,977$1,054$455
46 years$10,554$6,128$3,403$1,826$957$404
47 years$10,213$5,848$3,197$1,687$869$358
48 years$9,886$5,583$3,004$1,559$789$318
49 years$9,574$5,332$2,823$1,441$717$282
50 years$9,275$5,093$2,654$1,332$651$251

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 $2,355 every year, while hoping to spend $36,050 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: 59/28/13 Blend
56$9,500,000$9,500,000$9,500,000$9,500,000
57$10,471,429$9,967,929$9,820,679$11,055,361
58$11,501,158$10,418,001$10,111,315$11,899,305
59$12,634,711$10,888,918$10,410,479$12,814,925
60$13,882,640$11,381,663$10,718,418$13,812,504
61$15,256,572$11,897,268$11,035,388$14,899,938
62$16,769,320$12,436,811$11,361,651$16,085,909
63$18,434,999$13,001,423$11,697,475$17,379,965
64$20,269,167$13,592,291$12,043,139$18,792,607
65$22,288,965$14,210,656$12,398,927$20,335,381
66$24,513,281$14,857,820$12,765,133$22,020,991
67$26,962,929$15,535,147$13,142,058$23,863,410
68$29,660,844$16,244,065$13,530,012$25,878,012
69$32,632,298$16,986,072$13,929,316$28,081,712
70$35,905,141$17,762,738$14,340,297$30,493,122
71$39,510,062$18,575,708$14,763,293$33,132,723
72$43,480,875$19,426,706$15,198,651$36,023,056
73$47,854,847$20,317,537$15,646,728$39,188,927
74$52,673,040$21,250,094$16,107,892$42,657,641
75$57,980,704$22,226,363$16,582,520$46,459,251
76$63,827,702$23,248,421$17,071,001$50,626,842
77$70,268,983$24,318,449$17,573,735$55,196,833
78$77,365,097$25,438,731$18,091,132$60,209,318
79$85,182,767$26,611,659$18,623,616$65,708,441
80$93,795,523$27,839,743$19,171,620$71,742,804
81$103,284,389$29,125,613$19,735,592$78,365,920
82$113,738,653$30,472,025$20,315,991$85,636,714
83$125,256,709$31,881,868$20,913,290$93,620,072
84$137,946,984$33,358,170$21,527,975$102,387,445
85$151,928,960$34,904,104$22,160,546$112,017,519
86$167,334,306$36,522,997$22,811,517$122,596,948
87$184,308,118$38,218,337$23,481,416$134,221,166
88$203,010,290$39,993,779$24,170,786$146,995,280
89$223,617,018$41,853,153$24,880,187$161,035,049
90$246,322,474$43,800,477$25,610,193$176,467,977
91$271,340,626$45,839,960$26,361,394$193,434,499
92$298,907,267$47,976,016$27,134,398$212,089,300
93$329,282,237$50,213,270$27,929,830$232,602,766
94$362,751,877$52,556,571$28,748,331$255,162,581
95$399,631,730$55,011,005$29,590,561$279,975,487
96$440,269,522$57,581,899$30,457,200$307,269,224
97$485,048,442$60,274,841$31,348,945$337,294,671
98$534,390,762$63,095,687$32,266,513$370,328,196
99$588,761,820$66,050,577$33,210,643$406,674,257
100$648,674,418$69,145,947$34,182,091$446,668,258