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%14.3%
1 years$817,533$810,251$803,146$796,211$789,440$775,405
2 years$404,719$397,182$389,877$382,794$375,924$361,831
3 years$267,133$259,563$252,276$245,260$238,501$224,791
4 years$198,353$190,806$183,592$176,696$170,101$156,878
5 years$157,096$149,594$142,475$135,719$129,308$116,610
6 years$129,600$122,155$115,141$108,536$102,317$90,159
7 years$109,968$102,586$95,683$89,233$83,211$71,596
8 years$95,251$87,935$81,147$74,856$69,032$57,957
9 years$83,810$76,563$69,892$63,760$58,135$47,594
10 years$74,662$67,487$60,933$54,962$49,534$39,517
11 years$67,183$60,079$53,644$47,833$42,601$33,097
12 years$60,955$53,924$47,608$41,956$36,917$27,914
13 years$55,689$48,731$42,535$37,041$32,192$23,676
14 years$51,179$44,296$38,218$32,881$28,219$20,175
15 years$47,274$40,465$34,505$29,324$24,847$17,258
16 years$43,861$37,126$31,284$26,257$21,960$14,811
17 years$40,852$34,191$28,467$23,591$19,471$12,745
18 years$38,180$31,594$25,987$21,261$17,313$10,992
19 years$35,793$29,281$23,790$19,211$15,431$9,499
20 years$33,647$27,210$21,833$17,399$13,783$8,223
21 years$31,708$25,345$20,082$15,791$12,335$7,128
22 years$29,947$23,658$18,509$14,357$11,056$6,186
23 years$28,342$22,127$17,090$13,076$9,925$5,375
24 years$26,873$20,732$15,805$11,926$8,920$4,674
25 years$25,524$19,456$14,639$10,891$8,027$4,068
26 years$24,280$18,285$13,577$9,958$7,231$3,543
27 years$23,131$17,209$12,607$9,115$6,519$3,087
28 years$22,065$16,216$11,720$8,351$5,882$2,691
29 years$21,075$15,297$10,906$7,658$5,311$2,348
30 years$20,152$14,447$10,159$7,029$4,799$2,048
31 years$19,291$13,657$9,471$6,455$4,339$1,788
32 years$18,485$12,922$8,836$5,932$3,925$1,561
33 years$17,729$12,238$8,251$5,455$3,552$1,363
34 years$17,020$11,599$7,709$5,019$3,216$1,191
35 years$16,352$11,001$7,207$4,621$2,913$1,041
36 years$15,723$10,442$6,742$4,255$2,639$909
37 years$15,130$9,917$6,311$3,921$2,392$795
38 years$14,569$9,425$5,910$3,614$2,169$695
39 years$14,038$8,962$5,537$3,332$1,966$607
40 years$13,535$8,527$5,190$3,074$1,784$531
41 years$13,058$8,117$4,866$2,836$1,618$464
42 years$12,604$7,730$4,565$2,617$1,468$406
43 years$12,173$7,365$4,283$2,416$1,333$355
44 years$11,763$7,020$4,021$2,231$1,210$310
45 years$11,372$6,695$3,775$2,060$1,098$272
46 years$10,999$6,386$3,546$1,903$997$238
47 years$10,643$6,095$3,331$1,758$905$208
48 years$10,302$5,818$3,130$1,624$822$182
49 years$9,977$5,556$2,942$1,501$747$159
50 years$9,666$5,307$2,766$1,388$678$139

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 $3,326 every year, while hoping to spend $27,716 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: 41/32/27 Blend
56$9,900,000$9,900,000$9,900,000$9,900,000
57$10,913,231$10,388,531$10,235,081$11,273,858
58$11,996,891$10,868,079$10,548,466$12,014,091
59$13,190,155$11,370,197$10,871,421$12,811,963
60$14,504,174$11,895,959$11,204,237$13,675,086
61$15,951,235$12,446,496$11,547,214$14,609,473
62$17,544,876$13,022,990$11,900,661$15,621,725
63$19,300,017$13,626,680$12,264,897$16,719,088
64$21,233,098$14,258,867$12,640,250$17,909,517
65$23,362,234$14,920,911$13,027,059$19,201,750
66$25,707,388$15,614,242$13,425,671$20,605,382
67$28,290,557$16,340,355$13,836,447$22,130,956
68$31,135,982$17,100,820$14,259,755$23,790,052
69$34,270,373$17,897,281$14,695,978$25,595,399
70$37,723,165$18,731,462$15,145,507$27,560,983
71$41,526,794$19,605,170$15,608,748$29,702,180
72$45,717,003$20,520,300$16,086,118$32,035,891
73$50,333,180$21,478,837$16,578,045$34,580,699
74$55,418,727$22,482,863$17,084,972$37,357,036
75$61,021,475$23,534,561$17,607,356$40,387,373
76$67,194,128$24,636,217$18,145,666$43,696,423
77$73,994,770$25,790,232$18,700,386$47,311,369
78$81,487,402$26,999,119$19,272,014$51,262,110
79$89,742,555$28,265,514$19,861,065$55,581,544
80$98,837,952$29,592,181$20,468,067$60,305,861
81$108,859,242$30,982,016$21,093,566$65,474,885
82$119,900,807$32,438,058$21,738,124$71,132,436
83$132,066,657$33,963,491$22,402,319$77,326,738
84$145,471,407$35,561,652$23,086,747$84,110,863
85$160,241,361$37,236,043$23,792,023$91,543,225
86$176,515,703$38,990,333$24,518,780$99,688,120
87$194,447,815$40,828,370$25,267,669$108,616,320
88$214,206,719$42,754,187$26,039,363$118,405,735
89$235,978,676$44,772,014$26,834,553$129,142,135
90$259,968,943$46,886,284$27,653,952$140,919,947
91$286,403,711$49,101,648$28,498,295$153,843,134
92$315,532,240$51,422,979$29,368,339$168,026,164
93$347,629,213$53,855,390$30,264,863$183,595,077
94$382,997,327$56,404,238$31,188,669$200,688,662
95$421,970,151$59,075,142$32,140,587$219,459,749
96$464,915,276$61,873,994$33,121,467$240,076,639
97$512,237,786$64,806,972$34,132,188$262,724,675
98$564,384,079$67,880,551$35,173,654$287,607,975
99$621,846,081$71,101,525$36,246,798$314,951,342
100$685,165,894$74,477,013$37,352,578$345,002,368