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

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$792,759$785,698$778,808$772,084$765,517$739,534
2 years$392,455$385,146$378,062$371,194$364,532$338,614
3 years$259,038$251,697$244,631$237,828$231,274$206,236
4 years$192,342$185,024$178,029$171,341$164,947$140,980
5 years$152,335$145,061$138,158$131,607$125,390$102,558
6 years$125,673$118,453$111,652$105,247$99,217$77,538
7 years$106,636$99,477$92,783$86,529$80,690$60,161
8 years$92,364$85,270$78,688$72,587$66,940$47,545
9 years$81,270$74,243$67,774$61,828$56,373$38,088
10 years$72,400$65,441$59,087$53,297$48,033$30,828
11 years$65,147$58,259$52,019$46,384$41,310$25,152
12 years$59,108$52,290$46,165$40,685$35,798$20,650
13 years$54,001$47,255$41,246$35,919$31,217$17,039
14 years$49,628$42,953$37,060$31,885$27,364$14,116
15 years$45,842$39,239$33,460$28,435$24,094$11,733
16 years$42,532$36,001$30,336$25,461$21,294$9,779
17 years$39,614$33,155$27,605$22,876$18,881$8,168
18 years$37,024$30,637$25,200$20,616$16,788$6,835
19 years$34,708$28,394$23,069$18,629$14,963$5,728
20 years$32,627$26,385$21,172$16,872$13,366$4,806
21 years$30,747$24,577$19,474$15,312$11,961$4,037
22 years$29,040$22,941$17,948$13,922$10,721$3,394
23 years$27,483$21,457$16,572$12,679$9,624$2,856
24 years$26,059$20,104$15,326$11,564$8,650$2,404
25 years$24,750$18,866$14,195$10,561$7,784$2,025
26 years$23,544$17,731$13,165$9,657$7,011$1,706
27 years$22,430$16,687$12,225$8,839$6,321$1,438
28 years$21,396$15,724$11,365$8,098$5,704$1,213
29 years$20,436$14,834$10,576$7,426$5,150$1,023
30 years$19,541$14,009$9,851$6,816$4,654$863
31 years$18,706$13,243$9,184$6,260$4,207$728
32 years$17,925$12,531$8,569$5,753$3,806$614
33 years$17,192$11,867$8,001$5,290$3,444$519
34 years$16,504$11,247$7,475$4,867$3,118$438
35 years$15,857$10,668$6,989$4,481$2,825$370
36 years$15,247$10,125$6,538$4,127$2,559$312
37 years$14,671$9,617$6,119$3,802$2,319$263
38 years$14,127$9,139$5,731$3,504$2,103$222
39 years$13,613$8,690$5,369$3,231$1,907$188
40 years$13,125$8,268$5,032$2,980$1,730$159
41 years$12,662$7,871$4,719$2,750$1,569$134
42 years$12,222$7,496$4,426$2,538$1,424$113
43 years$11,804$7,142$4,153$2,343$1,292$95
44 years$11,406$6,808$3,899$2,163$1,173$81
45 years$11,027$6,492$3,661$1,998$1,065$68
46 years$10,665$6,193$3,438$1,845$967$58
47 years$10,320$5,910$3,230$1,705$878$49
48 years$9,990$5,642$3,036$1,575$797$41
49 years$9,675$5,388$2,853$1,456$724$35
50 years$9,373$5,146$2,682$1,346$658$29

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 $6,645 every year, while hoping to spend $45,500 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: 77/11/12 Blend
56$9,600,000$9,600,000$9,600,000$9,600,000
57$10,586,054$10,077,254$9,928,454$11,376,229
58$11,617,420$10,522,628$10,212,646$12,342,882
59$12,752,460$10,988,300$10,504,833$13,396,114
60$14,001,702$11,475,217$10,805,235$14,549,725
61$15,376,743$11,984,371$11,114,078$15,813,699
62$16,890,365$12,516,799$11,431,594$17,199,030
63$18,556,650$13,073,590$11,758,020$18,717,823
64$20,391,116$13,655,883$12,093,601$20,383,407
65$22,410,860$14,264,872$12,438,587$22,210,458
66$24,634,723$14,901,806$12,793,235$24,215,141
67$27,083,465$15,567,995$13,157,809$26,415,255
68$29,779,964$16,264,812$13,532,581$28,830,404
69$32,749,426$16,993,693$13,917,828$31,482,178
70$36,019,628$17,756,145$14,313,836$34,394,356
71$39,621,178$18,553,744$14,720,898$37,593,129
72$43,587,804$19,388,143$15,139,314$41,107,344
73$47,956,672$20,261,074$15,569,392$44,968,776
74$52,768,736$21,174,350$16,011,450$49,212,425
75$58,069,125$22,129,872$16,465,813$53,876,845
76$63,907,571$23,129,631$16,932,812$59,004,507
77$70,338,873$24,175,713$17,412,791$64,642,193
78$77,423,419$25,270,304$17,906,101$70,841,440
79$85,227,754$26,415,694$18,413,101$77,659,024
80$93,825,205$27,614,283$18,934,160$85,157,490
81$103,296,579$28,868,586$19,469,658$93,405,741
82$113,730,921$30,181,238$20,019,982$102,479,690
83$125,226,356$31,555,000$20,585,533$112,462,967
84$137,891,015$32,992,765$21,166,718$123,447,710
85$151,844,053$34,497,565$21,763,958$135,535,429
86$167,216,777$36,072,577$22,377,681$148,837,965
87$184,153,885$37,721,130$23,008,331$163,478,539
88$202,814,830$39,446,714$23,656,358$179,592,910
89$223,375,325$41,252,985$24,322,228$197,330,659
90$246,029,001$43,143,775$25,006,416$216,856,591
91$270,989,239$45,123,099$25,709,410$238,352,293
92$298,491,176$47,195,166$26,431,711$262,017,836
93$328,793,935$49,364,387$27,173,832$288,073,667
94$362,183,059$51,635,385$27,936,298$316,762,684
95$398,973,216$54,013,005$28,719,649$348,352,518
96$439,511,165$56,502,323$29,524,439$383,138,064
97$484,179,030$59,108,662$30,351,233$421,444,255
98$533,397,905$61,837,601$31,200,613$463,629,121
99$587,631,833$64,694,985$32,073,175$510,087,170
100$647,392,182$67,686,941$32,969,529$561,253,103