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

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$784,501$777,513$770,696$764,041$757,543$752,454
2 years$388,367$381,134$374,124$367,327$360,735$355,602
3 years$256,339$249,075$242,083$235,350$228,865$223,848
4 years$190,339$183,097$176,174$169,557$163,228$158,365
5 years$150,748$143,550$136,719$130,236$124,084$119,389
6 years$124,364$117,219$110,489$104,151$98,183$93,663
7 years$105,525$98,441$91,817$85,628$79,849$75,506
8 years$91,402$84,382$77,868$71,831$66,243$62,076
9 years$80,423$73,470$67,068$61,184$55,786$51,795
10 years$71,646$64,760$58,471$52,741$47,532$43,715
11 years$64,469$57,652$51,477$45,901$40,879$37,233
12 years$58,492$51,745$45,685$40,261$35,425$31,946
13 years$53,439$46,763$40,816$35,545$30,891$27,576
14 years$49,111$42,506$36,673$31,552$27,079$23,924
15 years$45,364$38,830$33,111$28,139$23,843$20,844
16 years$42,089$35,626$30,020$25,196$21,072$18,225
17 years$39,201$32,810$27,317$22,638$18,684$15,984
18 years$36,638$30,318$24,937$20,401$16,613$14,055
19 years$34,347$28,098$22,829$18,434$14,808$12,387
20 years$32,287$26,110$20,951$16,696$13,226$10,938
21 years$30,427$24,321$19,271$15,153$11,836$9,675
22 years$28,737$22,702$17,761$13,777$10,609$8,570
23 years$27,197$21,233$16,399$12,547$9,524$7,602
24 years$25,787$19,894$15,167$11,444$8,560$6,751
25 years$24,492$18,670$14,047$10,451$7,703$6,001
26 years$23,299$17,546$13,028$9,556$6,938$5,339
27 years$22,196$16,513$12,098$8,747$6,256$4,754
28 years$21,173$15,560$11,246$8,014$5,644$4,236
29 years$20,223$14,679$10,466$7,349$5,097$3,776
30 years$19,338$13,863$9,748$6,745$4,605$3,369
31 years$18,511$13,105$9,088$6,194$4,164$3,006
32 years$17,738$12,400$8,479$5,693$3,766$2,684
33 years$17,013$11,743$7,917$5,235$3,408$2,398
34 years$16,332$11,130$7,397$4,817$3,086$2,142
35 years$15,692$10,557$6,916$4,434$2,795$1,915
36 years$15,088$10,020$6,470$4,084$2,533$1,712
37 years$14,519$9,516$6,056$3,762$2,295$1,531
38 years$13,980$9,044$5,671$3,468$2,081$1,369
39 years$13,471$8,600$5,313$3,198$1,887$1,225
40 years$12,988$8,182$4,980$2,949$1,712$1,096
41 years$12,530$7,789$4,670$2,721$1,553$981
42 years$12,095$7,418$4,380$2,511$1,409$878
43 years$11,681$7,068$4,110$2,318$1,279$786
44 years$11,287$6,737$3,858$2,140$1,161$703
45 years$10,912$6,424$3,623$1,977$1,054$630
46 years$10,554$6,128$3,403$1,826$957$564
47 years$10,213$5,848$3,197$1,687$869$505
48 years$9,886$5,583$3,004$1,559$789$452
49 years$9,574$5,332$2,823$1,441$717$405
50 years$9,275$5,093$2,654$1,332$651$363

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 $4,848 every year, while hoping to spend $22,130 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: 41/39/20 Blend
56$9,500,000$9,500,000$9,500,000$9,500,000
57$10,474,001$9,970,501$9,823,251$10,841,522
58$11,518,803$10,435,509$10,128,783$11,568,909
59$12,669,433$10,922,561$10,443,810$12,353,210
60$13,936,662$11,432,714$10,768,625$13,201,669
61$15,332,359$11,967,075$11,103,531$14,120,164
62$16,869,604$12,526,805$11,448,844$15,115,144
63$18,562,808$13,113,123$11,804,884$16,193,687
64$20,427,852$13,727,304$12,171,986$17,363,557
65$22,482,238$14,370,687$12,550,492$18,633,281
66$24,745,249$15,044,673$12,940,757$20,012,220
67$27,238,137$15,750,735$13,343,145$21,510,651
68$29,984,319$16,490,413$13,758,032$23,139,865
69$33,009,600$17,265,324$14,185,807$24,912,261
70$36,342,417$18,077,162$14,626,869$26,841,463
71$40,014,105$18,927,705$15,081,630$28,942,442
72$44,059,195$19,818,813$15,550,516$31,231,650
73$48,515,739$20,752,442$16,033,965$33,727,169
74$53,425,670$21,730,636$16,532,428$36,448,875
75$58,835,195$22,755,545$17,046,371$39,418,622
76$64,795,235$23,829,417$17,576,275$42,660,435
77$71,361,903$24,954,612$18,122,634$46,200,736
78$78,597,035$26,133,605$18,685,959$50,068,580
79$86,568,770$27,368,990$19,266,777$54,295,926
80$95,352,200$28,663,486$19,865,629$58,917,926
81$105,030,072$30,019,944$20,483,076$63,973,248
82$115,693,574$31,441,356$21,119,693$69,504,436
83$127,443,192$32,930,855$21,776,076$75,558,298
84$140,389,660$34,491,730$22,452,837$82,186,336
85$154,655,006$36,127,426$23,150,608$89,445,226
86$170,373,704$37,841,557$23,870,041$97,397,339
87$187,693,942$39,637,914$24,611,808$106,111,319
88$206,779,021$41,520,468$25,376,600$115,662,717
89$227,808,898$43,493,388$26,165,132$126,134,694
90$250,981,882$45,561,040$26,978,141$137,618,789
91$276,516,509$47,728,006$27,816,384$150,215,772
92$304,653,604$49,999,090$28,680,644$164,036,579
93$335,658,554$52,379,328$29,571,728$179,203,346
94$369,823,813$54,874,001$30,490,467$195,850,541
95$407,471,663$57,488,648$31,437,719$214,126,221
96$448,957,257$60,229,076$32,414,366$234,193,409
97$494,671,971$63,101,375$33,421,322$256,231,618
98$545,047,100$66,111,930$34,459,524$280,438,522
99$600,557,927$69,267,438$35,529,941$307,031,802
100$661,728,214$72,574,920$36,633,573$336,251,185