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%15.3%
1 years$792,759$785,698$778,808$772,084$765,517$748,837
2 years$392,455$385,146$378,062$371,194$364,532$347,811
3 years$259,038$251,697$244,631$237,828$231,274$215,034
4 years$192,342$185,024$178,029$171,341$164,947$149,313
5 years$152,335$145,061$138,158$131,607$125,390$110,407
6 years$125,673$118,453$111,652$105,247$99,217$84,900
7 years$106,636$99,477$92,783$86,529$80,690$67,041
8 years$92,364$85,270$78,688$72,587$66,940$53,956
9 years$81,270$74,243$67,774$61,828$56,373$44,044
10 years$72,400$65,441$59,087$53,297$48,033$36,345
11 years$65,147$58,259$52,019$46,384$41,310$30,249
12 years$59,108$52,290$46,165$40,685$35,798$25,347
13 years$54,001$47,255$41,246$35,919$31,217$21,356
14 years$49,628$42,953$37,060$31,885$27,364$18,075
15 years$45,842$39,239$33,460$28,435$24,094$15,355
16 years$42,532$36,001$30,336$25,461$21,294$13,085
17 years$39,614$33,155$27,605$22,876$18,881$11,179
18 years$37,024$30,637$25,200$20,616$16,788$9,572
19 years$34,708$28,394$23,069$18,629$14,963$8,211
20 years$32,627$26,385$21,172$16,872$13,366$7,054
21 years$30,747$24,577$19,474$15,312$11,961$6,068
22 years$29,040$22,941$17,948$13,922$10,721$5,226
23 years$27,483$21,457$16,572$12,679$9,624$4,506
24 years$26,059$20,104$15,326$11,564$8,650$3,887
25 years$24,750$18,866$14,195$10,561$7,784$3,356
26 years$23,544$17,731$13,165$9,657$7,011$2,900
27 years$22,430$16,687$12,225$8,839$6,321$2,507
28 years$21,396$15,724$11,365$8,098$5,704$2,168
29 years$20,436$14,834$10,576$7,426$5,150$1,875
30 years$19,541$14,009$9,851$6,816$4,654$1,623
31 years$18,706$13,243$9,184$6,260$4,207$1,405
32 years$17,925$12,531$8,569$5,753$3,806$1,217
33 years$17,192$11,867$8,001$5,290$3,444$1,054
34 years$16,504$11,247$7,475$4,867$3,118$913
35 years$15,857$10,668$6,989$4,481$2,825$791
36 years$15,247$10,125$6,538$4,127$2,559$685
37 years$14,671$9,617$6,119$3,802$2,319$594
38 years$14,127$9,139$5,731$3,504$2,103$515
39 years$13,613$8,690$5,369$3,231$1,907$446
40 years$13,125$8,268$5,032$2,980$1,730$387
41 years$12,662$7,871$4,719$2,750$1,569$335
42 years$12,222$7,496$4,426$2,538$1,424$291
43 years$11,804$7,142$4,153$2,343$1,292$252
44 years$11,406$6,808$3,899$2,163$1,173$218
45 years$11,027$6,492$3,661$1,998$1,065$189
46 years$10,665$6,193$3,438$1,845$967$164
47 years$10,320$5,910$3,230$1,705$878$142
48 years$9,990$5,642$3,036$1,575$797$124
49 years$9,675$5,388$2,853$1,456$724$107
50 years$9,373$5,146$2,682$1,346$658$93

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 $4,171 every year, while hoping to spend $32,235 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: 70/22/8 Blend
56$9,600,000$9,600,000$9,600,000$9,600,000
57$10,583,502$10,074,702$9,925,902$11,309,462
58$11,628,722$10,534,065$10,224,122$12,249,688
59$12,779,473$11,014,856$10,531,252$13,273,820
60$14,046,487$11,518,091$10,847,557$14,393,578
61$15,441,587$12,044,836$11,173,308$15,618,350
62$16,977,801$12,596,205$11,508,786$16,958,469
63$18,669,485$13,173,368$11,854,279$18,425,301
64$20,532,460$13,777,551$12,210,085$20,031,359
65$22,584,157$14,410,037$12,576,509$21,790,409
66$24,843,785$15,072,172$12,953,866$23,717,608
67$27,332,511$15,765,368$13,342,479$25,829,634
68$30,073,658$16,491,102$13,742,683$28,144,850
69$33,092,928$17,250,924$14,154,821$30,683,468
70$36,418,645$18,046,457$14,579,246$33,467,739
71$40,082,018$18,879,404$15,016,321$36,522,163
72$44,117,437$19,751,549$15,466,422$39,873,710
73$48,562,802$20,664,760$15,929,933$43,552,080
74$53,459,873$21,620,999$16,407,251$47,589,972
75$58,854,671$22,622,319$16,898,785$52,023,395
76$64,797,908$23,670,873$17,404,955$56,891,999
77$71,345,467$24,768,919$17,926,193$62,239,449
78$78,558,930$25,918,821$18,462,946$68,113,832
79$86,506,157$27,123,059$19,015,670$74,568,107
80$95,261,929$28,384,233$19,584,839$81,660,598
81$104,908,652$29,705,066$20,170,938$89,455,542
82$115,537,136$31,088,416$20,774,466$98,023,691
83$127,247,451$32,537,276$21,395,938$107,442,972
84$140,149,873$34,054,784$22,035,883$117,799,220
85$154,365,921$35,644,230$22,694,847$129,186,981
86$170,029,511$37,309,063$23,373,390$141,710,398
87$187,288,212$39,052,898$24,072,089$155,484,189
88$206,304,645$40,879,525$24,791,540$170,634,724
89$227,258,015$42,792,918$25,532,352$187,301,209
90$250,345,802$44,797,241$26,295,156$205,636,995
91$275,785,630$46,896,862$27,080,599$225,811,016
92$303,817,313$49,096,357$27,889,348$248,009,378
93$334,705,127$51,400,526$28,722,089$272,437,108
94$368,740,298$53,814,401$29,579,528$299,320,078
95$406,243,758$56,343,256$30,462,392$328,907,131
96$447,569,167$58,992,621$31,371,428$361,472,420
97$493,106,257$61,768,294$32,307,405$397,317,986
98$543,284,509$64,676,354$33,271,117$436,776,598
99$598,577,206$67,723,173$34,263,377$480,214,887
100$659,505,906$70,915,434$35,285,025$528,036,793