Can I retire at age 57 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$792,759$785,698$778,808$772,084$765,517$756,893
2 years$392,455$385,146$378,062$371,194$364,532$355,850
3 years$259,038$251,697$244,631$237,828$231,274$222,804
4 years$192,342$185,024$178,029$171,341$164,947$156,753
5 years$152,335$145,061$138,158$131,607$125,390$117,497
6 years$125,673$118,453$111,652$105,247$99,217$91,635
7 years$106,636$99,477$92,783$86,529$80,690$73,421
8 years$92,364$85,270$78,688$72,587$66,940$59,985
9 years$81,270$74,243$67,774$61,828$56,373$49,728
10 years$72,400$65,441$59,087$53,297$48,033$41,694
11 years$65,147$58,259$52,019$46,384$41,310$35,271
12 years$59,108$52,290$46,165$40,685$35,798$30,054
13 years$54,001$47,255$41,246$35,919$31,217$25,760
14 years$49,628$42,953$37,060$31,885$27,364$22,187
15 years$45,842$39,239$33,460$28,435$24,094$19,188
16 years$42,532$36,001$30,336$25,461$21,294$16,651
17 years$39,614$33,155$27,605$22,876$18,881$14,492
18 years$37,024$30,637$25,200$20,616$16,788$12,644
19 years$34,708$28,394$23,069$18,629$14,963$11,055
20 years$32,627$26,385$21,172$16,872$13,366$9,684
21 years$30,747$24,577$19,474$15,312$11,961$8,496
22 years$29,040$22,941$17,948$13,922$10,721$7,464
23 years$27,483$21,457$16,572$12,679$9,624$6,566
24 years$26,059$20,104$15,326$11,564$8,650$5,781
25 years$24,750$18,866$14,195$10,561$7,784$5,095
26 years$23,544$17,731$13,165$9,657$7,011$4,494
27 years$22,430$16,687$12,225$8,839$6,321$3,967
28 years$21,396$15,724$11,365$8,098$5,704$3,504
29 years$20,436$14,834$10,576$7,426$5,150$3,096
30 years$19,541$14,009$9,851$6,816$4,654$2,737
31 years$18,706$13,243$9,184$6,260$4,207$2,421
32 years$17,925$12,531$8,569$5,753$3,806$2,142
33 years$17,192$11,867$8,001$5,290$3,444$1,896
34 years$16,504$11,247$7,475$4,867$3,118$1,679
35 years$15,857$10,668$6,989$4,481$2,825$1,487
36 years$15,247$10,125$6,538$4,127$2,559$1,317
37 years$14,671$9,617$6,119$3,802$2,319$1,167
38 years$14,127$9,139$5,731$3,504$2,103$1,034
39 years$13,613$8,690$5,369$3,231$1,907$916
40 years$13,125$8,268$5,032$2,980$1,730$812
41 years$12,662$7,871$4,719$2,750$1,569$720
42 years$12,222$7,496$4,426$2,538$1,424$638
43 years$11,804$7,142$4,153$2,343$1,292$566
44 years$11,406$6,808$3,899$2,163$1,173$502
45 years$11,027$6,492$3,661$1,998$1,065$445
46 years$10,665$6,193$3,438$1,845$967$395
47 years$10,320$5,910$3,230$1,705$878$350
48 years$9,990$5,642$3,036$1,575$797$310
49 years$9,675$5,388$2,853$1,456$724$275
50 years$9,373$5,146$2,682$1,346$658$244

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,600,000, adding $5,559 every year, while hoping to spend $43,893 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: 52/38/10 Blend
56$9,600,000$9,600,000$9,600,000$9,600,000
57$10,584,934$10,076,134$9,927,334$11,107,699
58$11,617,896$10,523,163$10,213,198$11,911,299
59$12,754,748$10,990,625$10,507,167$12,779,593
60$14,006,042$11,479,475$10,809,467$13,722,856
61$15,383,403$11,990,714$11,120,328$14,748,174
62$16,899,640$12,525,389$11,439,989$15,863,329
63$18,568,867$13,084,597$11,768,693$17,076,871
64$20,406,638$13,669,489$12,106,691$18,398,198
65$22,430,090$14,281,268$12,454,240$19,837,636
66$24,658,106$14,921,197$12,811,604$21,406,537
67$27,111,494$15,590,597$13,179,054$23,117,381
68$29,813,183$16,290,853$13,556,869$24,983,886
69$32,788,438$17,023,416$13,945,334$27,021,138
70$36,065,100$17,789,805$14,344,745$29,245,729
71$39,673,848$18,591,612$14,755,400$31,675,903
72$43,648,485$19,430,506$15,177,612$34,331,730
73$48,026,265$20,308,236$15,611,696$37,235,287
74$52,848,236$21,226,631$16,057,980$40,410,859
75$58,159,632$22,187,611$16,516,798$43,885,167
76$64,010,297$23,193,187$16,988,494$47,687,612
77$70,455,160$24,245,466$17,473,420$51,850,545
78$77,554,746$25,346,654$17,971,940$56,409,569
79$85,375,755$26,499,065$18,484,425$61,403,864
80$93,991,686$27,705,122$19,011,256$66,876,555
81$103,483,530$28,967,366$19,552,826$72,875,107
82$113,940,541$30,288,457$20,109,536$79,451,767
83$125,461,070$31,671,186$20,681,800$86,664,050
84$138,153,499$33,118,473$21,270,039$94,575,271
85$152,137,260$34,633,383$21,874,690$103,255,137
86$167,543,966$36,219,125$22,496,198$112,780,392
87$184,518,651$37,879,062$23,135,021$123,235,535
88$203,221,137$39,616,720$23,791,628$134,713,605
89$223,827,547$41,435,793$24,466,502$147,317,049
90$246,531,963$43,340,153$25,160,136$161,158,679
91$271,548,261$45,333,858$25,873,038$176,362,725
92$299,112,127$47,421,160$26,605,728$193,065,994
93$329,483,285$49,606,518$27,358,741$211,419,150
94$362,947,945$51,894,603$28,132,623$231,588,123
95$399,821,507$54,290,310$28,927,938$253,755,658
96$440,451,539$56,798,773$29,745,262$278,123,033
97$485,221,053$59,425,370$30,585,185$304,911,934
98$534,552,126$62,175,738$31,448,314$334,366,538
99$588,909,882$65,055,789$32,335,272$366,755,802
100$648,806,883$68,071,715$33,246,697$402,375,977