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%15.9%
1 years$809,275$802,066$795,033$788,169$781,466$762,574
2 years$400,631$393,170$385,938$378,927$372,127$353,207
3 years$264,434$256,941$249,728$242,782$236,092$217,736
4 years$196,349$188,879$181,738$174,911$168,383$150,732
5 years$155,509$148,083$141,036$134,348$128,002$111,105
6 years$128,291$120,921$113,978$107,440$101,284$85,158
7 years$108,857$101,549$94,716$88,332$82,371$67,018
8 years$94,288$87,047$80,327$74,099$68,335$53,748
9 years$82,963$75,790$69,186$63,116$57,548$43,716
10 years$73,908$66,805$60,318$54,407$49,033$35,941
11 years$66,505$59,472$53,103$47,350$42,170$29,799
12 years$60,339$53,379$47,127$41,533$36,544$24,872
13 years$55,126$48,239$42,105$36,667$31,867$20,873
14 years$50,662$43,848$37,832$32,549$27,934$17,594
15 years$46,797$40,056$34,157$29,028$24,596$14,884
16 years$43,418$36,751$30,968$25,991$21,738$12,629
17 years$40,439$33,846$28,180$23,353$19,274$10,743
18 years$37,795$31,275$25,725$21,046$17,138$9,158
19 years$35,431$28,986$23,550$19,017$15,275$7,821
20 years$33,307$26,935$21,613$17,223$13,644$6,689
21 years$31,388$25,089$19,879$15,631$12,210$5,728
22 years$29,645$23,419$18,322$14,212$10,944$4,910
23 years$28,056$21,904$16,917$12,943$9,824$4,213
24 years$26,602$20,522$15,645$11,805$8,830$3,618
25 years$25,266$19,259$14,491$10,781$7,946$3,109
26 years$24,035$18,101$13,440$9,858$7,157$2,673
27 years$22,897$17,035$12,480$9,023$6,453$2,299
28 years$21,842$16,052$11,602$8,267$5,823$1,979
29 years$20,862$15,143$10,796$7,581$5,258$1,703
30 years$19,949$14,301$10,056$6,958$4,751$1,467
31 years$19,096$13,519$9,375$6,390$4,295$1,264
32 years$18,298$12,792$8,747$5,872$3,885$1,089
33 years$17,550$12,114$8,167$5,400$3,516$938
34 years$16,848$11,481$7,631$4,969$3,183$809
35 years$16,187$10,890$7,135$4,574$2,883$697
36 years$15,565$10,336$6,674$4,213$2,612$601
37 years$14,977$9,817$6,247$3,881$2,368$518
38 years$14,422$9,330$5,850$3,577$2,147$447
39 years$13,896$8,872$5,481$3,299$1,947$385
40 years$13,398$8,441$5,137$3,042$1,766$332
41 years$12,926$8,035$4,817$2,807$1,602$287
42 years$12,477$7,652$4,519$2,591$1,454$247
43 years$12,050$7,291$4,240$2,391$1,319$213
44 years$11,644$6,950$3,980$2,208$1,197$184
45 years$11,257$6,627$3,737$2,039$1,087$159
46 years$10,888$6,322$3,510$1,884$987$137
47 years$10,535$6,033$3,298$1,740$896$118
48 years$10,198$5,759$3,099$1,608$814$102
49 years$9,876$5,500$2,913$1,486$739$88
50 years$9,568$5,254$2,738$1,374$671$76

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 $6,417 every year, while hoping to spend $43,178 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: 24/48/28 Blend
56$9,800,000$9,800,000$9,800,000$9,800,000
57$10,806,219$10,286,819$10,134,919$10,970,111
58$11,862,512$10,744,932$10,428,498$11,568,120
59$13,025,100$11,224,046$10,730,464$12,204,311
60$14,304,780$11,725,143$11,041,054$12,885,037
61$15,713,447$12,249,254$11,360,509$13,614,034
62$17,264,209$12,797,459$11,689,077$14,395,384
63$18,971,511$13,370,887$12,027,014$15,233,550
64$20,851,269$13,970,724$12,374,581$16,133,414
65$22,921,018$14,598,209$12,732,050$17,100,317
66$25,200,083$15,254,643$13,099,695$18,140,104
67$27,709,759$15,941,387$13,477,802$19,259,176
68$30,473,508$16,659,869$13,866,662$20,464,540
69$33,517,187$17,411,584$14,266,576$21,763,876
70$36,869,285$18,198,096$14,677,852$23,165,595
71$40,561,198$19,021,049$15,100,805$24,678,920
72$44,627,519$19,882,160$15,535,762$26,313,960
73$49,106,372$20,783,231$15,983,056$28,081,800
74$54,039,764$21,726,151$16,443,029$29,994,602
75$59,473,984$22,712,897$16,916,035$32,065,706
76$65,460,043$23,745,541$17,402,435$34,309,751
77$72,054,151$24,826,257$17,902,600$36,742,805
78$79,318,249$25,957,318$18,416,912$39,382,507
79$87,320,594$27,141,111$18,945,763$42,248,224
80$96,136,403$28,380,133$19,489,554$45,361,223
81$105,848,562$29,677,005$20,048,700$48,744,866
82$116,548,407$31,034,470$20,623,623$52,424,812
83$128,336,590$32,455,405$21,214,760$56,429,258
84$141,324,026$33,942,823$21,822,558$60,789,185
85$155,632,939$35,499,884$22,447,476$65,538,642
86$171,398,017$37,129,897$23,089,985$70,715,055
87$188,767,685$38,836,332$23,750,570$76,359,567
88$207,905,502$40,622,825$24,429,727$82,517,410
89$228,991,707$42,493,187$25,127,966$89,238,322
90$252,224,919$44,451,412$25,845,812$96,576,994
91$277,824,016$46,501,685$26,583,801$104,593,580
92$306,030,192$48,648,395$27,342,485$113,354,241
93$337,109,245$50,896,140$28,122,432$122,931,752
94$371,354,077$53,249,739$28,924,222$133,406,177
95$409,087,461$55,714,245$29,748,452$144,865,600
96$450,665,092$58,294,953$30,595,735$157,406,938
97$496,478,939$60,997,413$31,466,699$171,136,836
98$546,960,946$63,827,442$32,361,989$186,172,652
99$602,587,116$66,791,139$33,282,269$202,643,539
100$663,881,993$69,894,896$34,228,216$220,691,647