Can I retire at age 57 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$817,533$810,251$803,146$796,211$789,440$766,319
2 years$404,719$397,182$389,877$382,794$375,924$352,817
3 years$267,133$259,563$252,276$245,260$238,501$216,133
4 years$198,353$190,806$183,592$176,696$170,101$148,643
5 years$157,096$149,594$142,475$135,719$129,308$108,819
6 years$129,600$122,155$115,141$108,536$102,317$82,815
7 years$109,968$102,586$95,683$89,233$83,211$64,696
8 years$95,251$87,935$81,147$74,856$69,032$51,492
9 years$83,810$76,563$69,892$63,760$58,135$41,553
10 years$74,662$67,487$60,933$54,962$49,534$33,887
11 years$67,183$60,079$53,644$47,833$42,601$27,862
12 years$60,955$53,924$47,608$41,956$36,917$23,058
13 years$55,689$48,731$42,535$37,041$32,192$19,182
14 years$51,179$44,296$38,218$32,881$28,219$16,024
15 years$47,274$40,465$34,505$29,324$24,847$13,433
16 years$43,861$37,126$31,284$26,257$21,960$11,293
17 years$40,852$34,191$28,467$23,591$19,471$9,516
18 years$38,180$31,594$25,987$21,261$17,313$8,034
19 years$35,793$29,281$23,790$19,211$15,431$6,794
20 years$33,647$27,210$21,833$17,399$13,783$5,754
21 years$31,708$25,345$20,082$15,791$12,335$4,878
22 years$29,947$23,658$18,509$14,357$11,056$4,140
23 years$28,342$22,127$17,090$13,076$9,925$3,516
24 years$26,873$20,732$15,805$11,926$8,920$2,988
25 years$25,524$19,456$14,639$10,891$8,027$2,541
26 years$24,280$18,285$13,577$9,958$7,231$2,162
27 years$23,131$17,209$12,607$9,115$6,519$1,840
28 years$22,065$16,216$11,720$8,351$5,882$1,567
29 years$21,075$15,297$10,906$7,658$5,311$1,335
30 years$20,152$14,447$10,159$7,029$4,799$1,137
31 years$19,291$13,657$9,471$6,455$4,339$969
32 years$18,485$12,922$8,836$5,932$3,925$826
33 years$17,729$12,238$8,251$5,455$3,552$704
34 years$17,020$11,599$7,709$5,019$3,216$600
35 years$16,352$11,001$7,207$4,621$2,913$512
36 years$15,723$10,442$6,742$4,255$2,639$436
37 years$15,130$9,917$6,311$3,921$2,392$372
38 years$14,569$9,425$5,910$3,614$2,169$317
39 years$14,038$8,962$5,537$3,332$1,966$271
40 years$13,535$8,527$5,190$3,074$1,784$231
41 years$13,058$8,117$4,866$2,836$1,618$197
42 years$12,604$7,730$4,565$2,617$1,468$168
43 years$12,173$7,365$4,283$2,416$1,333$143
44 years$11,763$7,020$4,021$2,231$1,210$122
45 years$11,372$6,695$3,775$2,060$1,098$104
46 years$10,999$6,386$3,546$1,903$997$89
47 years$10,643$6,095$3,331$1,758$905$76
48 years$10,302$5,818$3,130$1,624$822$65
49 years$9,977$5,556$2,942$1,501$747$55
50 years$9,666$5,307$2,766$1,388$678$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,900,000, adding $4,357 every year, while hoping to spend $45,155 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: 37/40/23 Blend
56$9,900,000$9,900,000$9,900,000$9,900,000
57$10,914,294$10,389,594$10,236,144$11,242,558
58$11,979,508$10,850,640$10,531,011$11,943,852
59$13,151,859$11,332,763$10,834,241$12,696,343
60$14,442,230$11,836,950$11,146,069$13,508,260
61$15,862,608$12,364,231$11,466,733$14,384,981
62$17,426,204$12,915,688$11,796,479$15,332,403
63$19,147,573$13,492,453$12,135,557$16,356,997
64$21,042,755$14,095,712$12,484,228$17,465,861
65$23,129,422$14,726,708$12,842,755$18,666,787
66$25,427,049$15,386,743$13,211,414$19,968,327
67$27,957,094$16,077,180$13,590,482$21,379,867
68$30,743,204$16,799,447$13,980,249$22,911,718
69$33,811,432$17,555,042$14,381,009$24,575,203
70$37,190,492$18,345,532$14,793,066$26,382,756
71$40,912,019$19,172,561$15,216,731$28,348,043
72$45,010,878$20,037,849$15,652,325$30,486,077
73$49,525,484$20,943,200$16,100,174$32,813,355
74$54,498,169$21,890,503$16,560,616$35,348,013
75$59,975,583$22,881,738$17,033,997$38,109,982
76$66,009,129$23,918,980$17,520,672$41,121,179
77$72,655,452$25,004,401$18,021,007$44,405,698
78$79,976,972$26,140,280$18,535,374$47,990,034
79$88,042,472$27,329,004$19,064,158$51,903,327
80$96,927,751$28,573,071$19,607,754$56,177,626
81$106,716,334$29,875,104$20,166,566$60,848,183
82$117,500,264$31,237,848$20,741,010$65,953,779
83$129,380,969$32,664,181$21,331,512$71,537,080
84$142,470,220$34,157,118$21,938,510$77,645,027
85$156,891,185$35,719,819$22,562,453$84,329,276
86$172,779,592$37,355,596$23,203,801$91,646,666
87$190,285,009$39,067,920$23,863,028$99,659,752
88$209,572,260$40,860,427$24,540,618$108,437,380
89$230,822,972$42,736,930$25,237,071$118,055,326
90$254,237,299$44,701,424$25,952,896$128,596,998
91$280,035,804$46,758,094$26,688,619$140,154,210
92$308,461,545$48,911,330$27,444,777$152,828,036
93$339,782,368$51,165,730$28,221,922$166,729,748
94$374,293,433$53,526,115$29,020,621$181,981,853
95$412,320,005$55,997,536$29,841,453$198,719,233
96$454,220,520$58,585,290$30,685,016$217,090,399
97$500,389,969$61,294,925$31,551,920$237,258,881
98$551,263,629$64,132,259$32,442,792$259,404,747
99$607,321,170$67,103,391$33,358,276$283,726,291
100$669,091,182$70,214,710$34,299,032$310,441,879