Can I retire at age 57 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$801,017$793,882$786,921$780,126$773,492$750,234
2 years$396,543$389,158$382,000$375,061$368,329$345,094
3 years$261,736$254,319$247,180$240,305$233,683$211,198
4 years$194,346$186,951$179,883$173,126$166,665$145,103
5 years$153,922$146,572$139,597$132,978$126,696$106,115
6 years$126,982$119,687$112,815$106,343$100,250$80,669
7 years$107,746$100,513$93,750$87,431$81,530$62,947
8 years$93,326$86,158$79,507$73,343$67,637$50,042
9 years$82,117$75,016$68,480$62,472$56,960$40,333
10 years$73,154$66,123$59,702$53,852$48,533$32,851
11 years$65,826$58,866$52,561$46,867$41,740$26,976
12 years$59,723$52,835$46,646$41,109$36,171$22,295
13 years$54,564$47,747$41,675$36,293$31,542$18,522
14 years$50,145$43,401$37,446$32,217$27,649$15,452
15 years$46,319$39,647$33,808$28,732$24,345$12,935
16 years$42,975$36,376$30,652$25,726$21,516$10,858
17 years$40,027$33,501$27,892$23,115$19,078$9,136
18 years$37,409$30,956$25,462$20,831$16,963$7,702
19 years$35,070$28,690$23,309$18,823$15,119$6,504
20 years$32,967$26,660$21,392$17,047$13,505$5,499
21 years$31,067$24,833$19,677$15,472$12,085$4,655
22 years$29,342$23,180$18,135$14,067$10,833$3,944
23 years$27,770$21,680$16,744$12,811$9,724$3,345
24 years$26,330$20,313$15,486$11,685$8,740$2,838
25 years$25,008$19,063$14,343$10,671$7,865$2,410
26 years$23,790$17,916$13,302$9,757$7,084$2,047
27 years$22,663$16,861$12,352$8,931$6,387$1,740
28 years$21,619$15,888$11,483$8,183$5,763$1,479
29 years$20,649$14,988$10,686$7,504$5,204$1,258
30 years$19,745$14,155$9,954$6,887$4,702$1,070
31 years$18,901$13,381$9,280$6,325$4,251$910
32 years$18,111$12,661$8,658$5,813$3,846$774
33 years$17,371$11,990$8,084$5,345$3,480$659
34 years$16,676$11,364$7,553$4,918$3,151$561
35 years$16,022$10,779$7,062$4,527$2,854$477
36 years$15,406$10,231$6,606$4,170$2,586$406
37 years$14,824$9,717$6,183$3,842$2,344$346
38 years$14,275$9,234$5,790$3,541$2,125$295
39 years$13,754$8,781$5,425$3,265$1,927$251
40 years$13,261$8,354$5,085$3,011$1,748$214
41 years$12,794$7,953$4,768$2,778$1,586$182
42 years$12,350$7,574$4,472$2,564$1,439$155
43 years$11,927$7,216$4,197$2,367$1,306$132
44 years$11,525$6,879$3,939$2,186$1,185$112
45 years$11,142$6,559$3,699$2,018$1,076$96
46 years$10,776$6,257$3,474$1,864$977$82
47 years$10,428$5,971$3,264$1,723$887$69
48 years$10,094$5,701$3,067$1,592$806$59
49 years$9,776$5,444$2,883$1,471$732$50
50 years$9,471$5,200$2,710$1,360$665$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,700,000, adding $2,857 every year, while hoping to spend $36,260 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: 34/50/16 Blend
56$9,700,000$9,700,000$9,700,000$9,700,000
57$10,692,347$10,178,247$10,027,897$11,002,722
58$11,744,386$10,638,401$10,325,251$11,690,101
59$12,902,518$11,119,887$10,631,351$12,427,265
60$14,177,525$11,623,712$10,946,453$13,221,427
61$15,581,291$12,150,932$11,270,816$14,077,637
62$17,126,906$12,702,651$11,604,713$15,001,424
63$18,828,799$13,280,029$11,948,419$15,998,848
64$20,702,865$13,884,280$12,302,220$17,076,549
65$22,766,623$14,516,675$12,666,409$18,241,805
66$25,039,374$15,178,547$13,041,289$19,502,599
67$27,542,388$15,871,294$13,427,170$20,867,684
68$30,299,102$16,596,378$13,824,372$22,346,661
69$33,335,345$17,355,335$14,233,222$23,950,068
70$36,679,575$18,149,771$14,654,060$25,689,466
71$40,363,153$18,981,371$15,087,232$27,577,546
72$44,420,637$19,851,901$15,533,097$29,628,243
73$48,890,108$20,763,210$15,992,022$31,856,855
74$53,813,531$21,717,239$16,464,387$34,280,186
75$59,237,146$22,716,019$16,950,579$36,916,692
76$65,211,911$23,761,680$17,451,000$39,786,649
77$71,793,979$24,856,455$17,966,060$42,912,335
78$79,045,226$26,002,683$18,496,185$46,318,232
79$87,033,841$27,202,817$19,041,809$50,031,246
80$95,834,964$28,459,426$19,603,381$54,080,955
81$105,531,397$29,775,204$20,181,361$58,499,870
82$116,214,387$31,152,976$20,776,223$63,323,740
83$127,984,482$32,595,700$21,388,455$68,591,872
84$140,952,489$34,106,479$22,018,558$74,347,492
85$155,240,511$35,688,564$22,667,047$80,638,142
86$170,983,103$37,345,363$23,334,453$87,516,111
87$188,328,543$39,080,450$24,021,321$95,038,921
88$207,440,231$40,897,569$24,728,212$103,269,851
89$228,498,229$42,800,645$25,455,702$112,278,522
90$251,700,965$44,793,793$26,204,385$122,141,536
91$277,267,102$46,881,326$26,974,869$132,943,187
92$305,437,602$49,067,767$27,767,784$144,776,233
93$336,478,005$51,357,856$28,583,772$157,742,759
94$370,680,931$53,756,560$29,423,497$171,955,121
95$408,368,843$56,269,089$30,287,642$187,536,984
96$449,897,094$58,900,903$31,176,907$204,624,472
97$495,657,278$61,657,727$32,092,013$223,367,428
98$546,080,926$64,545,562$33,033,702$243,930,811
99$601,643,585$67,570,699$34,002,735$266,496,223
100$662,869,301$70,739,733$34,999,897$291,263,603