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%15.1%
1 years$817,533$810,251$803,146$796,211$789,440$772,869
2 years$404,719$397,182$389,877$382,794$375,924$359,307
3 years$267,133$259,563$252,276$245,260$238,501$222,357
4 years$198,353$190,806$183,592$176,696$170,101$154,554
5 years$157,096$149,594$142,475$135,719$129,308$114,402
6 years$129,600$122,155$115,141$108,536$102,317$88,068
7 years$109,968$102,586$95,683$89,233$83,211$69,621
8 years$95,251$87,935$81,147$74,856$69,032$56,097
9 years$83,810$76,563$69,892$63,760$58,135$45,847
10 years$74,662$67,487$60,933$54,962$49,534$37,880
11 years$67,183$60,079$53,644$47,833$42,601$31,566
12 years$60,955$53,924$47,608$41,956$36,917$26,485
13 years$55,689$48,731$42,535$37,041$32,192$22,345
14 years$51,179$44,296$38,218$32,881$28,219$18,938
15 years$47,274$40,465$34,505$29,324$24,847$16,111
16 years$43,861$37,126$31,284$26,257$21,960$13,748
17 years$40,852$34,191$28,467$23,591$19,471$11,763
18 years$38,180$31,594$25,987$21,261$17,313$10,086
19 years$35,793$29,281$23,790$19,211$15,431$8,665
20 years$33,647$27,210$21,833$17,399$13,783$7,455
21 years$31,708$25,345$20,082$15,791$12,335$6,423
22 years$29,947$23,658$18,509$14,357$11,056$5,541
23 years$28,342$22,127$17,090$13,076$9,925$4,784
24 years$26,873$20,732$15,805$11,926$8,920$4,134
25 years$25,524$19,456$14,639$10,891$8,027$3,575
26 years$24,280$18,285$13,577$9,958$7,231$3,094
27 years$23,131$17,209$12,607$9,115$6,519$2,679
28 years$22,065$16,216$11,720$8,351$5,882$2,320
29 years$21,075$15,297$10,906$7,658$5,311$2,011
30 years$20,152$14,447$10,159$7,029$4,799$1,743
31 years$19,291$13,657$9,471$6,455$4,339$1,511
32 years$18,485$12,922$8,836$5,932$3,925$1,311
33 years$17,729$12,238$8,251$5,455$3,552$1,137
34 years$17,020$11,599$7,709$5,019$3,216$987
35 years$16,352$11,001$7,207$4,621$2,913$856
36 years$15,723$10,442$6,742$4,255$2,639$743
37 years$15,130$9,917$6,311$3,921$2,392$645
38 years$14,569$9,425$5,910$3,614$2,169$560
39 years$14,038$8,962$5,537$3,332$1,966$486
40 years$13,535$8,527$5,190$3,074$1,784$422
41 years$13,058$8,117$4,866$2,836$1,618$367
42 years$12,604$7,730$4,565$2,617$1,468$318
43 years$12,173$7,365$4,283$2,416$1,333$277
44 years$11,763$7,020$4,021$2,231$1,210$240
45 years$11,372$6,695$3,775$2,060$1,098$209
46 years$10,999$6,386$3,546$1,903$997$181
47 years$10,643$6,095$3,331$1,758$905$157
48 years$10,302$5,818$3,130$1,624$822$137
49 years$9,977$5,556$2,942$1,501$747$119
50 years$9,666$5,307$2,766$1,388$678$103

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 $6,288 every year, while hoping to spend $51,408 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: 43/33/24 Blend
56$9,900,000$9,900,000$9,900,000$9,900,000
57$10,916,286$10,391,586$10,238,136$11,309,072
58$11,975,050$10,846,076$10,526,416$12,043,779
59$13,140,084$11,321,113$10,822,630$12,833,876
60$14,422,175$11,817,650$11,126,990$13,688,908
61$15,833,205$12,336,683$11,439,713$14,614,905
62$17,386,270$12,879,259$11,761,022$15,618,490
63$19,095,797$13,446,470$12,091,143$16,706,934
64$20,977,683$14,039,462$12,430,312$17,888,225
65$23,049,447$14,659,436$12,778,767$19,171,139
66$25,330,390$15,307,647$13,136,755$20,565,319
67$27,841,780$15,985,413$13,504,527$22,081,361
68$30,607,055$16,694,111$13,882,342$23,730,913
69$33,652,039$17,435,187$14,270,464$25,526,777
70$37,005,187$18,210,151$14,669,165$27,483,028
71$40,697,857$19,020,589$15,078,723$29,615,142
72$44,764,600$19,868,160$15,499,422$31,940,138
73$49,243,491$20,754,602$15,931,555$34,476,733
74$54,176,486$21,681,736$16,375,420$37,245,511
75$59,609,816$22,651,469$16,831,325$40,269,117
76$65,594,426$23,665,800$17,299,584$43,572,461
77$72,186,456$24,726,823$17,780,518$47,182,950
78$79,447,767$25,836,730$18,274,458$51,130,739
79$87,446,528$26,997,818$18,781,741$55,449,011
80$96,257,857$28,212,495$19,302,713$60,174,279
81$105,964,534$29,483,282$19,837,729$65,346,730
82$116,657,775$30,812,822$20,387,152$71,010,595
83$128,438,100$32,203,882$20,951,353$77,214,554
84$141,416,277$33,659,363$21,530,714$84,012,196
85$155,714,369$35,182,303$22,125,625$91,462,510
86$171,466,885$36,775,887$22,736,484$99,630,437
87$188,822,053$38,443,450$23,363,701$108,587,472
88$207,943,212$40,188,489$24,007,695$118,412,329
89$229,010,360$42,014,666$24,668,894$129,191,677
90$252,221,852$43,925,819$25,347,736$141,020,945
91$277,796,267$45,925,971$26,044,672$154,005,214
92$305,974,478$48,019,335$26,760,160$168,260,197
93$337,021,920$50,210,328$27,494,671$183,913,319
94$371,231,100$52,503,578$28,248,687$201,104,908
95$408,924,354$54,903,935$29,022,699$219,989,510
96$450,456,892$57,416,482$29,817,214$240,737,327
97$496,220,150$60,046,545$30,632,745$263,535,819
98$546,645,485$62,799,705$31,469,822$288,591,452
99$602,208,247$65,681,813$32,328,983$316,131,633
100$663,432,265$68,698,999$33,210,782$346,406,845