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

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$801,017$793,882$786,921$780,126$773,492$758,806
2 years$396,543$389,158$382,000$375,061$368,329$353,591
3 years$261,736$254,319$247,180$240,305$233,683$219,351
4 years$194,346$186,951$179,883$173,126$166,665$152,850
5 years$153,922$146,572$139,597$132,978$126,696$113,438
6 years$126,982$119,687$112,815$106,343$100,250$87,563
7 years$107,746$100,513$93,750$87,431$81,530$69,418
8 years$93,326$86,158$79,507$73,343$67,637$56,096
9 years$82,117$75,016$68,480$62,472$56,960$45,983
10 years$73,154$66,123$59,702$53,852$48,533$38,110
11 years$65,826$58,866$52,561$46,867$41,740$31,858
12 years$59,723$52,835$46,646$41,109$36,171$26,817
13 years$54,564$47,747$41,675$36,293$31,542$22,701
14 years$50,145$43,401$37,446$32,217$27,649$19,305
15 years$46,319$39,647$33,808$28,732$24,345$16,479
16 years$42,975$36,376$30,652$25,726$21,516$14,112
17 years$40,027$33,501$27,892$23,115$19,078$12,118
18 years$37,409$30,956$25,462$20,831$16,963$10,429
19 years$35,070$28,690$23,309$18,823$15,119$8,992
20 years$32,967$26,660$21,392$17,047$13,505$7,766
21 years$31,067$24,833$19,677$15,472$12,085$6,717
22 years$29,342$23,180$18,135$14,067$10,833$5,816
23 years$27,770$21,680$16,744$12,811$9,724$5,042
24 years$26,330$20,313$15,486$11,685$8,740$4,374
25 years$25,008$19,063$14,343$10,671$7,865$3,798
26 years$23,790$17,916$13,302$9,757$7,084$3,299
27 years$22,663$16,861$12,352$8,931$6,387$2,868
28 years$21,619$15,888$11,483$8,183$5,763$2,495
29 years$20,649$14,988$10,686$7,504$5,204$2,170
30 years$19,745$14,155$9,954$6,887$4,702$1,889
31 years$18,901$13,381$9,280$6,325$4,251$1,645
32 years$18,111$12,661$8,658$5,813$3,846$1,433
33 years$17,371$11,990$8,084$5,345$3,480$1,248
34 years$16,676$11,364$7,553$4,918$3,151$1,088
35 years$16,022$10,779$7,062$4,527$2,854$948
36 years$15,406$10,231$6,606$4,170$2,586$826
37 years$14,824$9,717$6,183$3,842$2,344$720
38 years$14,275$9,234$5,790$3,541$2,125$628
39 years$13,754$8,781$5,425$3,265$1,927$548
40 years$13,261$8,354$5,085$3,011$1,748$477
41 years$12,794$7,953$4,768$2,778$1,586$416
42 years$12,350$7,574$4,472$2,564$1,439$363
43 years$11,927$7,216$4,197$2,367$1,306$317
44 years$11,525$6,879$3,939$2,186$1,185$276
45 years$11,142$6,559$3,699$2,018$1,076$241
46 years$10,776$6,257$3,474$1,864$977$210
47 years$10,428$5,971$3,264$1,723$887$183
48 years$10,094$5,701$3,067$1,592$806$160
49 years$9,776$5,444$2,883$1,471$732$140
50 years$9,471$5,200$2,710$1,360$665$122

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 $4,977 every year, while hoping to spend $51,428 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: 80/10/10 Blend
56$9,700,000$9,700,000$9,700,000$9,700,000
57$10,694,534$10,180,434$10,030,084$11,532,376
58$11,730,657$10,624,556$10,311,373$12,526,860
59$12,870,742$11,088,717$10,600,361$13,610,671
60$14,125,337$11,573,843$10,897,252$14,798,455
61$15,506,066$12,080,907$11,202,256$16,100,584
62$17,025,739$12,610,925$11,515,585$17,528,479
63$18,698,467$13,164,963$11,837,460$19,094,716
64$20,539,800$13,744,136$12,168,104$20,813,143
65$22,566,873$14,349,612$12,507,749$22,699,014
66$24,798,566$14,982,615$12,856,631$24,769,126
67$27,255,683$15,644,426$13,214,991$27,041,979
68$29,961,147$16,336,387$13,583,077$29,537,949
69$32,940,218$17,059,904$13,961,144$32,279,479
70$36,220,729$17,816,449$14,349,452$35,291,289
71$39,833,352$18,607,563$14,748,267$38,600,608
72$43,811,883$19,434,863$15,157,863$42,237,428
73$48,193,564$20,300,039$15,578,520$46,234,789
74$53,019,431$21,204,865$16,010,524$50,629,083
75$58,334,705$22,151,196$16,454,169$55,460,404
76$64,189,217$23,140,976$16,909,756$60,772,918
77$70,637,877$24,176,244$17,377,592$66,615,277
78$77,741,193$25,259,133$17,857,995$73,041,085
79$85,565,843$26,391,878$18,351,285$80,109,390
80$94,185,300$27,576,822$18,857,795$87,885,250
81$103,680,533$28,816,418$19,377,863$96,440,335
82$114,140,761$30,113,236$19,911,835$105,853,611
83$125,664,304$31,469,970$20,460,067$116,212,074
84$138,359,506$32,889,442$21,022,922$127,611,574
85$152,345,758$34,374,607$21,600,773$140,157,715
86$167,754,626$35,928,563$22,193,999$153,966,851
87$184,731,091$37,554,555$22,802,990$169,167,177
88$203,434,918$39,255,984$23,428,146$185,899,941
89$224,042,164$41,036,413$24,069,875$204,320,772
90$246,746,842$42,899,574$24,728,592$224,601,145
91$271,762,747$44,849,380$25,404,727$246,929,998
92$299,325,478$46,889,930$26,098,716$271,515,510
93$329,694,659$49,025,520$26,811,006$298,587,063
94$363,156,394$51,260,649$27,542,054$328,397,406
95$400,025,961$53,600,036$28,292,328$361,225,032
96$440,650,794$56,048,622$29,062,305$397,376,806
97$485,413,758$58,611,589$29,852,476$437,190,858
98$534,736,768$61,294,362$30,663,340$481,039,768
99$589,084,764$64,102,633$31,495,408$529,334,079
100$648,970,109$67,042,361$32,349,204$582,526,169