Can I retire at age 57 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$767,985$761,144$754,470$747,956$741,595$715,852
2 years$380,191$373,110$366,248$359,594$353,141$327,471
3 years$250,943$243,832$236,987$230,396$224,047$199,258
4 years$186,331$179,242$172,466$165,987$159,792$136,072
5 years$147,575$140,528$133,840$127,494$121,471$98,884
6 years$121,745$114,752$108,163$101,958$96,116$74,678
7 years$103,303$96,368$89,884$83,825$78,168$57,876
8 years$89,478$82,605$76,229$70,319$64,848$45,685
9 years$78,730$71,923$65,656$59,896$54,611$36,553
10 years$70,137$63,396$57,240$51,631$46,532$29,548
11 years$63,111$56,438$50,393$44,934$40,019$24,076
12 years$57,261$50,656$44,723$39,414$34,679$19,741
13 years$52,314$45,778$39,957$34,796$30,241$16,266
14 years$48,077$41,611$35,901$30,888$26,509$13,458
15 years$44,409$38,012$32,414$27,547$23,341$11,170
16 years$41,203$34,876$29,388$24,665$20,629$9,296
17 years$38,376$32,119$26,742$22,162$18,291$7,753
18 years$35,867$29,680$24,412$19,972$16,263$6,478
19 years$33,624$27,507$22,348$18,046$14,496$5,421
20 years$31,608$25,561$20,510$16,344$12,948$4,542
21 years$29,786$23,809$18,865$14,834$11,587$3,809
22 years$28,132$22,225$17,387$13,487$10,386$3,197
23 years$26,625$20,786$16,054$12,283$9,323$2,686
24 years$25,245$19,475$14,847$11,203$8,380$2,257
25 years$23,977$18,277$13,752$10,231$7,541$1,898
26 years$22,809$17,177$12,754$9,355$6,792$1,597
27 years$21,729$16,166$11,843$8,563$6,124$1,344
28 years$20,728$15,233$11,010$7,845$5,526$1,131
29 years$19,797$14,370$10,245$7,194$4,990$953
30 years$18,931$13,571$9,543$6,603$4,508$802
31 years$18,122$12,829$8,897$6,064$4,076$676
32 years$17,365$12,139$8,301$5,573$3,687$569
33 years$16,655$11,496$7,751$5,125$3,337$480
34 years$15,988$10,896$7,242$4,715$3,021$404
35 years$15,361$10,334$6,771$4,341$2,736$341
36 years$14,771$9,809$6,334$3,998$2,479$287
37 years$14,213$9,316$5,928$3,683$2,247$242
38 years$13,686$8,854$5,551$3,395$2,037$204
39 years$13,187$8,419$5,201$3,130$1,847$172
40 years$12,715$8,010$4,875$2,887$1,676$145
41 years$12,266$7,625$4,571$2,664$1,520$122
42 years$11,840$7,261$4,288$2,458$1,379$103
43 years$11,435$6,919$4,024$2,269$1,252$87
44 years$11,050$6,595$3,777$2,095$1,136$73
45 years$10,682$6,289$3,546$1,935$1,032$62
46 years$10,332$5,999$3,331$1,788$937$52
47 years$9,998$5,725$3,129$1,651$850$44
48 years$9,678$5,466$2,941$1,526$772$37
49 years$9,372$5,219$2,764$1,410$701$31
50 years$9,080$4,986$2,599$1,304$637$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,300,000, adding $5,719 every year, while hoping to spend $45,271 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: 60/33/7 Blend
56$9,300,000$9,300,000$9,300,000$9,300,000
57$10,254,499$9,761,599$9,617,449$10,854,752
58$11,252,290$10,191,750$9,891,466$11,687,530
59$12,350,338$10,641,460$10,173,145$12,589,735
60$13,558,823$11,111,641$10,462,694$13,572,619
61$14,888,958$11,603,247$10,760,330$14,643,945
62$16,353,101$12,117,276$11,066,271$15,812,244
63$17,964,870$12,654,775$11,380,743$17,086,899
64$19,739,267$13,216,839$11,703,979$18,478,226
65$21,692,825$13,804,617$12,036,215$19,997,571
66$23,843,761$14,419,311$12,377,696$21,657,413
67$26,212,148$15,062,181$12,728,672$23,471,479
68$28,820,104$15,734,545$13,089,400$25,454,869
69$31,692,003$16,437,786$13,460,143$27,624,196
70$34,854,702$17,173,351$13,841,172$29,997,738
71$38,337,794$17,942,758$14,232,764$32,595,610
72$42,173,891$18,747,595$14,635,203$35,439,943
73$46,398,928$19,589,527$15,048,782$38,555,096
74$51,052,502$20,470,298$15,473,800$41,967,876
75$56,178,249$21,391,734$15,910,564$45,707,790
76$61,824,251$22,355,750$16,359,389$49,807,315
77$68,043,494$23,364,350$16,820,597$54,302,203
78$74,894,364$24,419,638$17,294,521$59,231,811
79$82,441,202$25,523,813$17,781,501$64,639,468
80$90,754,907$26,679,182$18,281,883$70,572,876
81$99,913,608$27,888,162$18,796,027$77,084,557
82$110,003,400$29,153,286$19,324,298$84,232,341
83$121,119,157$30,477,208$19,867,072$92,079,903
84$133,365,427$31,862,706$20,424,735$100,697,361
85$146,857,418$33,312,696$20,997,681$110,161,929
86$161,722,086$34,830,230$21,586,315$120,558,637
87$178,099,335$36,418,508$22,191,052$131,981,125
88$196,143,334$38,080,881$22,812,319$144,532,524
89$216,023,973$39,820,863$23,450,551$158,326,412
90$237,928,469$41,642,136$24,106,195$173,487,883
91$262,063,130$43,548,558$24,779,710$190,154,719
92$288,655,304$45,544,172$25,471,565$208,478,675
93$317,955,525$47,633,216$26,182,242$228,626,907
94$350,239,875$49,820,131$26,912,234$250,783,533
95$385,812,595$52,109,570$27,662,047$275,151,365
96$425,008,953$54,506,412$28,432,198$301,953,809
97$468,198,409$57,015,769$29,223,219$331,436,961
98$515,788,103$59,642,998$30,035,654$363,871,916
99$568,226,700$62,393,715$30,870,058$399,557,315
100$626,008,622$65,273,806$31,727,004$438,822,150