Can I retire at age 57 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$809,275$802,066$795,033$788,169$781,466$754,039
2 years$400,631$393,170$385,938$378,927$372,127$344,782
3 years$264,434$256,941$249,728$242,782$236,092$209,690
4 years$196,349$188,879$181,738$174,911$168,383$143,124
5 years$155,509$148,083$141,036$134,348$128,002$103,954
6 years$128,291$120,921$113,978$107,440$101,284$78,464
7 years$108,857$101,549$94,716$88,332$82,371$60,775
8 years$94,288$87,047$80,327$74,099$68,335$47,945
9 years$82,963$75,790$69,186$63,116$57,548$38,338
10 years$73,908$66,805$60,318$54,407$49,033$30,972
11 years$66,505$59,472$53,103$47,350$42,170$25,220
12 years$60,339$53,379$47,127$41,533$36,544$20,664
13 years$55,126$48,239$42,105$36,667$31,867$17,016
14 years$50,662$43,848$37,832$32,549$27,934$14,068
15 years$46,797$40,056$34,157$29,028$24,596$11,668
16 years$43,418$36,751$30,968$25,991$21,738$9,703
17 years$40,439$33,846$28,180$23,353$19,274$8,087
18 years$37,795$31,275$25,725$21,046$17,138$6,752
19 years$35,431$28,986$23,550$19,017$15,275$5,646
20 years$33,307$26,935$21,613$17,223$13,644$4,727
21 years$31,388$25,089$19,879$15,631$12,210$3,961
22 years$29,645$23,419$18,322$14,212$10,944$3,322
23 years$28,056$21,904$16,917$12,943$9,824$2,789
24 years$26,602$20,522$15,645$11,805$8,830$2,342
25 years$25,266$19,259$14,491$10,781$7,946$1,968
26 years$24,035$18,101$13,440$9,858$7,157$1,654
27 years$22,897$17,035$12,480$9,023$6,453$1,391
28 years$21,842$16,052$11,602$8,267$5,823$1,170
29 years$20,862$15,143$10,796$7,581$5,258$984
30 years$19,949$14,301$10,056$6,958$4,751$828
31 years$19,096$13,519$9,375$6,390$4,295$697
32 years$18,298$12,792$8,747$5,872$3,885$587
33 years$17,550$12,114$8,167$5,400$3,516$494
34 years$16,848$11,481$7,631$4,969$3,183$416
35 years$16,187$10,890$7,135$4,574$2,883$350
36 years$15,565$10,336$6,674$4,213$2,612$295
37 years$14,977$9,817$6,247$3,881$2,368$248
38 years$14,422$9,330$5,850$3,577$2,147$209
39 years$13,896$8,872$5,481$3,299$1,947$176
40 years$13,398$8,441$5,137$3,042$1,766$148
41 years$12,926$8,035$4,817$2,807$1,602$125
42 years$12,477$7,652$4,519$2,591$1,454$105
43 years$12,050$7,291$4,240$2,391$1,319$89
44 years$11,644$6,950$3,980$2,208$1,197$75
45 years$11,257$6,627$3,737$2,039$1,087$63
46 years$10,888$6,322$3,510$1,884$987$53
47 years$10,535$6,033$3,298$1,740$896$45
48 years$10,198$5,759$3,099$1,608$814$38
49 years$9,876$5,500$2,913$1,486$739$32
50 years$9,568$5,254$2,738$1,374$671$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,800,000, adding $5,764 every year, while hoping to spend $44,797 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: 52/39/9 Blend
56$9,800,000$9,800,000$9,800,000$9,800,000
57$10,805,546$10,286,146$10,134,246$11,342,365
58$11,860,048$10,742,503$10,426,079$12,164,511
59$13,020,607$11,219,721$10,726,188$13,052,821
60$14,297,996$11,718,773$11,034,801$14,017,805
61$15,704,080$12,240,682$11,352,156$15,066,704
62$17,251,937$12,786,516$11,678,494$16,207,472
63$18,955,976$13,357,397$12,014,065$17,448,849
64$20,832,073$13,954,497$12,359,124$18,800,435
65$22,897,724$14,579,047$12,713,934$20,272,784
66$25,172,206$15,232,334$13,078,765$21,877,494
67$27,676,761$15,915,709$13,453,893$23,627,317
68$30,434,796$16,630,583$13,839,604$25,536,269
69$33,472,102$17,378,440$14,236,188$27,619,765
70$36,817,103$18,160,829$14,643,946$29,894,754
71$40,501,115$18,979,377$15,063,186$32,379,876
72$44,558,649$19,835,787$15,494,223$35,095,633
73$49,027,734$20,731,843$15,937,383$38,064,578
74$53,950,275$21,669,416$16,392,997$41,311,519
75$59,372,449$22,650,463$16,861,408$44,863,753
76$65,345,141$23,677,038$17,342,968$48,751,310
77$71,924,424$24,751,291$17,838,036$53,007,236
78$79,172,087$25,875,476$18,346,981$57,667,895
79$87,156,219$27,051,955$18,870,185$62,773,307
80$95,951,854$28,283,201$19,408,037$68,367,517
81$105,641,673$29,571,807$19,960,936$74,499,004
82$116,316,789$30,920,492$20,529,293$81,221,129
83$128,077,607$32,332,101$21,113,530$88,592,632
84$141,034,768$33,809,619$21,714,078$96,678,176
85$155,310,197$35,356,173$22,331,382$105,548,950
86$171,038,251$36,975,039$22,965,897$115,283,328
87$188,366,988$38,669,652$23,618,090$125,967,603
88$207,459,566$40,443,610$24,288,442$137,696,788
89$228,495,780$42,300,685$24,977,442$150,575,502
90$251,673,761$44,244,830$25,685,598$164,718,945
91$277,211,845$46,280,187$26,413,426$180,253,978
92$305,350,636$48,411,099$27,161,459$197,320,300
93$336,355,274$50,642,115$27,930,240$216,071,761
94$370,517,939$52,978,006$28,720,331$236,677,795
95$408,160,610$55,423,771$29,532,304$259,325,009
96$449,638,105$57,984,647$30,366,748$284,218,924
97$495,341,424$60,666,128$31,224,267$311,585,903
98$545,701,449$63,473,968$32,105,480$341,675,272
99$601,193,006$66,414,202$33,011,022$374,761,652
100$662,339,347$69,493,152$33,941,546$411,147,536