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%12.4%
1 years$743,212$736,591$730,133$723,828$717,673$710,473
2 years$367,927$361,074$354,433$347,994$341,749$334,498
3 years$242,848$235,966$229,342$222,963$216,820$209,742
4 years$180,321$173,460$166,902$160,633$154,638$147,787
5 years$142,814$135,995$129,523$123,381$117,553$110,950
6 years$117,818$111,050$104,674$98,669$93,016$86,669
7 years$99,971$93,260$86,984$81,121$75,647$69,558
8 years$86,591$79,941$73,770$68,051$62,756$56,926
9 years$76,191$69,603$63,538$57,964$52,850$47,276
10 years$67,875$61,351$55,394$49,966$45,031$39,710
11 years$61,076$54,618$48,768$43,485$38,728$33,655
12 years$55,414$49,022$43,280$38,142$33,561$28,732
13 years$50,626$44,301$38,668$33,674$29,266$24,674
14 years$46,527$40,269$34,743$29,892$25,654$21,294
15 years$42,977$36,786$31,369$26,658$22,588$18,453
16 years$39,873$33,751$28,440$23,870$19,963$16,046
17 years$37,138$31,083$25,879$21,447$17,701$13,995
18 years$34,710$28,722$23,625$19,328$15,739$12,237
19 years$32,539$26,619$21,627$17,464$14,028$10,722
20 years$30,588$24,736$19,848$15,817$12,530$9,413
21 years$28,825$23,041$18,257$14,355$11,213$8,277
22 years$27,225$21,508$16,826$13,052$10,051$7,288
23 years$25,766$20,116$15,536$11,887$9,022$6,426
24 years$24,430$18,847$14,368$10,841$8,110$5,671
25 years$23,203$17,687$13,308$9,901$7,297$5,010
26 years$22,073$16,623$12,342$9,053$6,573$4,429
27 years$21,028$15,644$11,461$8,286$5,926$3,919
28 years$20,059$14,741$10,654$7,592$5,347$3,470
29 years$19,159$13,907$9,915$6,962$4,829$3,074
30 years$18,320$13,133$9,235$6,390$4,363$2,724
31 years$17,537$12,416$8,610$5,868$3,944$2,415
32 years$16,804$11,748$8,033$5,393$3,568$2,142
33 years$16,118$11,125$7,501$4,959$3,229$1,901
34 years$15,473$10,544$7,008$4,563$2,924$1,687
35 years$14,866$10,001$6,552$4,201$2,648$1,498
36 years$14,294$9,492$6,129$3,869$2,399$1,330
37 years$13,754$9,016$5,737$3,564$2,175$1,181
38 years$13,244$8,568$5,372$3,285$1,971$1,050
39 years$12,762$8,147$5,033$3,029$1,788$933
40 years$12,304$7,752$4,718$2,794$1,622$829
41 years$11,870$7,379$4,424$2,578$1,471$736
42 years$11,458$7,027$4,150$2,379$1,335$655
43 years$11,066$6,696$3,894$2,196$1,211$582
44 years$10,693$6,382$3,655$2,028$1,100$517
45 years$10,338$6,086$3,432$1,873$998$460
46 years$9,999$5,806$3,223$1,730$906$409
47 years$9,675$5,541$3,028$1,598$823$364
48 years$9,366$5,289$2,846$1,477$747$323
49 years$9,070$5,051$2,675$1,365$679$288
50 years$8,787$4,825$2,515$1,262$617$256

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 $5,629 every year, while hoping to spend $30,873 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: 53/24/23 Blend
56$9,000,000$9,000,000$9,000,000$9,000,000
57$9,923,806$9,446,806$9,307,306$10,386,393
58$10,903,186$9,876,851$9,586,252$11,135,826
59$11,981,428$10,326,934$9,873,509$11,947,255
60$13,168,582$10,798,003$10,169,320$12,829,615
61$14,475,726$11,291,053$10,473,941$13,789,687
62$15,915,063$11,807,127$10,787,631$14,834,922
63$17,500,041$12,347,318$11,110,658$15,973,514
64$19,245,478$12,912,770$11,443,298$17,214,471
65$21,167,703$13,504,682$11,785,835$18,567,700
66$23,284,710$14,124,312$12,138,561$20,044,097
67$25,616,326$14,772,979$12,501,778$21,655,644
68$28,184,398$15,452,062$12,875,795$23,415,525
69$31,013,003$16,163,009$13,260,930$25,338,240
70$34,128,669$16,907,337$13,657,512$27,439,745
71$37,560,633$17,686,636$14,065,878$29,737,595
72$41,341,109$18,502,572$14,486,376$32,251,108
73$45,505,595$19,356,891$14,919,363$35,001,542
74$50,093,212$20,251,425$15,365,207$38,012,293
75$55,147,065$21,188,091$15,824,288$41,309,113
76$60,714,659$22,168,901$16,296,995$44,920,344
77$66,848,339$23,195,962$16,783,729$48,877,186
78$73,605,790$24,271,483$17,284,903$53,213,985
79$81,050,576$25,397,781$17,800,943$57,968,550
80$89,252,745$26,577,284$18,332,286$63,182,510
81$98,289,489$27,812,534$18,879,381$68,901,695
82$108,245,869$29,106,201$19,442,692$75,176,569
83$119,215,622$30,461,078$20,022,697$82,062,697
84$131,302,042$31,880,098$20,619,884$89,621,264
85$144,618,960$33,366,333$21,234,760$97,919,646
86$159,291,814$34,923,002$21,867,843$107,032,043
87$175,458,832$36,553,483$22,519,669$117,040,165
88$193,272,342$38,261,313$23,190,788$128,034,003
89$212,900,207$40,050,204$23,881,766$140,112,666
90$234,527,408$41,924,043$24,593,185$153,385,314
91$258,357,792$43,886,910$25,325,645$167,972,174
92$284,615,996$45,943,077$26,079,762$184,005,670
93$313,549,566$48,097,026$26,856,173$201,631,665
94$345,431,297$50,353,456$27,655,530$221,010,823
95$380,561,804$52,717,290$28,478,505$242,320,124
96$419,272,362$55,193,692$29,325,789$265,754,515
97$461,928,036$57,788,075$30,198,096$291,528,748
98$508,931,119$60,506,115$31,096,156$319,879,391
99$560,724,940$63,353,761$32,020,723$351,067,051
100$617,798,040$66,337,251$32,972,574$385,378,820