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

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$743,212$736,591$730,133$723,828$717,673$694,422
2 years$367,927$361,074$354,433$347,994$341,749$318,542
3 years$242,848$235,966$229,342$222,963$216,820$194,385
4 years$180,321$173,460$166,902$160,633$154,638$133,147
5 years$142,814$135,995$129,523$123,381$117,553$97,065
6 years$117,818$111,050$104,674$98,669$93,016$73,546
7 years$99,971$93,260$86,984$81,121$75,647$57,194
8 years$86,591$79,941$73,770$68,051$62,756$45,307
9 years$76,191$69,603$63,538$57,964$52,850$36,384
10 years$67,875$61,351$55,394$49,966$45,031$29,523
11 years$61,076$54,618$48,768$43,485$38,728$24,149
12 years$55,414$49,022$43,280$38,142$33,561$19,880
13 years$50,626$44,301$38,668$33,674$29,266$16,448
14 years$46,527$40,269$34,743$29,892$25,654$13,665
15 years$42,977$36,786$31,369$26,658$22,588$11,390
16 years$39,873$33,751$28,440$23,870$19,963$9,521
17 years$37,138$31,083$25,879$21,447$17,701$7,976
18 years$34,710$28,722$23,625$19,328$15,739$6,694
19 years$32,539$26,619$21,627$17,464$14,028$5,627
20 years$30,588$24,736$19,848$15,817$12,530$4,736
21 years$28,825$23,041$18,257$14,355$11,213$3,990
22 years$27,225$21,508$16,826$13,052$10,051$3,365
23 years$25,766$20,116$15,536$11,887$9,022$2,840
24 years$24,430$18,847$14,368$10,841$8,110$2,399
25 years$23,203$17,687$13,308$9,901$7,297$2,027
26 years$22,073$16,623$12,342$9,053$6,573$1,713
27 years$21,028$15,644$11,461$8,286$5,926$1,449
28 years$20,059$14,741$10,654$7,592$5,347$1,226
29 years$19,159$13,907$9,915$6,962$4,829$1,037
30 years$18,320$13,133$9,235$6,390$4,363$878
31 years$17,537$12,416$8,610$5,868$3,944$743
32 years$16,804$11,748$8,033$5,393$3,568$629
33 years$16,118$11,125$7,501$4,959$3,229$533
34 years$15,473$10,544$7,008$4,563$2,924$451
35 years$14,866$10,001$6,552$4,201$2,648$382
36 years$14,294$9,492$6,129$3,869$2,399$324
37 years$13,754$9,016$5,737$3,564$2,175$274
38 years$13,244$8,568$5,372$3,285$1,971$232
39 years$12,762$8,147$5,033$3,029$1,788$197
40 years$12,304$7,752$4,718$2,794$1,622$167
41 years$11,870$7,379$4,424$2,578$1,471$141
42 years$11,458$7,027$4,150$2,379$1,335$120
43 years$11,066$6,696$3,894$2,196$1,211$101
44 years$10,693$6,382$3,655$2,028$1,100$86
45 years$10,338$6,086$3,432$1,873$998$73
46 years$9,999$5,806$3,223$1,730$906$62
47 years$9,675$5,541$3,028$1,598$823$52
48 years$9,366$5,289$2,846$1,477$747$44
49 years$9,070$5,051$2,675$1,365$679$38
50 years$8,787$4,825$2,515$1,262$617$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,000,000, adding $3,280 every year, while hoping to spend $34,619 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: 40/43/17 Blend
56$9,000,000$9,000,000$9,000,000$9,000,000
57$9,921,383$9,444,383$9,304,883$10,268,017
58$10,896,530$9,870,324$9,579,763$10,941,002
59$11,969,982$10,315,975$9,862,690$11,664,987
60$13,151,728$10,782,266$10,153,899$12,447,476
61$14,452,778$11,270,171$10,453,628$13,293,803
62$15,885,262$11,780,710$10,762,125$14,209,818
63$17,462,546$12,314,952$11,079,644$15,201,940
64$19,199,358$12,874,017$11,406,444$16,277,213
65$21,111,927$13,459,078$11,742,794$17,443,366
66$23,218,137$14,071,366$12,088,971$18,708,887
67$25,537,693$14,712,169$12,445,257$20,083,093
68$28,092,309$15,382,837$12,811,945$21,576,215
69$30,905,915$16,084,786$13,189,336$23,199,493
70$34,004,876$16,819,499$13,577,736$24,965,272
71$37,418,248$17,588,529$13,977,465$26,887,116
72$41,178,047$18,393,505$14,388,848$28,979,932
73$45,319,555$19,236,133$14,812,221$31,260,098
74$49,881,648$20,118,203$15,247,930$33,745,621
75$54,907,170$21,041,588$15,696,329$36,456,293
76$60,443,329$22,008,254$16,157,784$39,413,874
77$66,542,149$23,020,258$16,632,669$42,642,290
78$73,260,956$24,079,759$17,121,372$46,167,854
79$80,662,925$25,189,018$17,624,289$50,019,500
80$88,817,668$26,350,406$18,141,828$54,229,058
81$97,801,900$27,566,405$18,674,409$58,831,535
82$107,700,156$28,839,621$19,222,464$63,865,446
83$118,605,592$30,172,782$19,786,436$69,373,163
84$130,620,862$31,568,749$20,366,782$75,401,307
85$143,859,092$33,030,519$20,963,970$82,001,178
86$158,444,940$34,561,235$21,578,484$89,229,228
87$174,515,779$36,164,191$22,210,819$97,147,585
88$192,222,992$37,842,840$22,861,485$105,824,624
89$211,733,399$39,600,801$23,531,007$115,335,605
90$233,230,833$41,441,867$24,219,922$125,763,368
91$256,917,875$43,370,016$24,928,786$137,199,101
92$283,017,766$45,389,414$25,658,169$149,743,190
93$311,776,515$47,504,433$26,408,655$163,506,150
94$343,465,222$49,719,652$27,180,846$178,609,653
95$378,382,633$52,039,873$27,975,363$195,187,662
96$416,857,964$54,470,130$28,792,840$213,387,677
97$459,254,009$57,015,699$29,633,933$233,372,114
98$505,970,561$59,682,111$30,499,313$255,319,815
99$557,448,189$62,475,166$31,389,671$279,427,719
100$614,172,398$65,400,942$32,305,719$305,912,705