Can I retire at age 57 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$784,501$777,513$770,696$764,041$757,543$746,223
2 years$388,367$381,134$374,124$367,327$360,735$349,355
3 years$256,339$249,075$242,083$235,350$228,865$217,780
4 years$190,339$183,097$176,174$169,557$163,228$152,524
5 years$150,748$143,550$136,719$130,236$124,084$113,790
6 years$124,364$117,219$110,489$104,151$98,183$88,313
7 years$105,525$98,441$91,817$85,628$79,849$70,406
8 years$91,402$84,382$77,868$71,831$66,243$57,224
9 years$80,423$73,470$67,068$61,184$55,786$47,188
10 years$71,646$64,760$58,471$52,741$47,532$39,348
11 years$64,469$57,652$51,477$45,901$40,879$33,101
12 years$58,492$51,745$45,685$40,261$35,425$28,043
13 years$53,439$46,763$40,816$35,545$30,891$23,896
14 years$49,111$42,506$36,673$31,552$27,079$20,458
15 years$45,364$38,830$33,111$28,139$23,843$17,585
16 years$42,089$35,626$30,020$25,196$21,072$15,165
17 years$39,201$32,810$27,317$22,638$18,684$13,115
18 years$36,638$30,318$24,937$20,401$16,613$11,369
19 years$34,347$28,098$22,829$18,434$14,808$9,875
20 years$32,287$26,110$20,951$16,696$13,226$8,593
21 years$30,427$24,321$19,271$15,153$11,836$7,488
22 years$28,737$22,702$17,761$13,777$10,609$6,534
23 years$27,197$21,233$16,399$12,547$9,524$5,708
24 years$25,787$19,894$15,167$11,444$8,560$4,991
25 years$24,492$18,670$14,047$10,451$7,703$4,368
26 years$23,299$17,546$13,028$9,556$6,938$3,825
27 years$22,196$16,513$12,098$8,747$6,256$3,352
28 years$21,173$15,560$11,246$8,014$5,644$2,939
29 years$20,223$14,679$10,466$7,349$5,097$2,578
30 years$19,338$13,863$9,748$6,745$4,605$2,263
31 years$18,511$13,105$9,088$6,194$4,164$1,987
32 years$17,738$12,400$8,479$5,693$3,766$1,745
33 years$17,013$11,743$7,917$5,235$3,408$1,533
34 years$16,332$11,130$7,397$4,817$3,086$1,347
35 years$15,692$10,557$6,916$4,434$2,795$1,184
36 years$15,088$10,020$6,470$4,084$2,533$1,040
37 years$14,519$9,516$6,056$3,762$2,295$915
38 years$13,980$9,044$5,671$3,468$2,081$804
39 years$13,471$8,600$5,313$3,198$1,887$707
40 years$12,988$8,182$4,980$2,949$1,712$622
41 years$12,530$7,789$4,670$2,721$1,553$547
42 years$12,095$7,418$4,380$2,511$1,409$481
43 years$11,681$7,068$4,110$2,318$1,279$424
44 years$11,287$6,737$3,858$2,140$1,161$373
45 years$10,912$6,424$3,623$1,977$1,054$328
46 years$10,554$6,128$3,403$1,826$957$289
47 years$10,213$5,848$3,197$1,687$869$254
48 years$9,886$5,583$3,004$1,559$789$223
49 years$9,574$5,332$2,823$1,441$717$197
50 years$9,275$5,093$2,654$1,332$651$173

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,500,000, adding $3,386 every year, while hoping to spend $58,273 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: 70/19/11 Blend
56$9,500,000$9,500,000$9,500,000$9,500,000
57$10,472,493$9,968,993$9,821,743$11,181,691
58$11,478,685$10,395,471$10,088,769$12,078,753
59$12,585,556$10,840,894$10,362,788$13,052,687
60$13,803,313$11,306,128$10,643,971$14,116,927
61$15,143,203$11,792,081$10,932,497$15,280,350
62$16,617,618$12,299,702$11,228,544$16,552,725
63$18,240,213$12,829,985$11,532,298$17,944,804
64$20,026,032$13,383,971$11,843,947$19,468,422
65$21,991,652$13,962,750$12,163,684$21,136,606
66$24,155,338$14,567,463$12,491,705$22,963,695
67$26,537,218$15,199,304$12,828,212$24,965,476
68$29,159,467$15,859,523$13,173,411$27,159,329
69$32,046,522$16,549,429$13,527,510$29,564,389
70$35,225,310$17,270,394$13,890,724$32,201,725
71$38,725,501$18,023,852$14,263,272$35,094,537
72$42,579,788$18,811,307$14,645,378$38,268,368
73$46,824,198$19,634,332$15,037,269$41,751,349
74$51,498,427$20,494,575$15,439,179$45,574,458
75$56,646,220$21,393,763$15,851,344$49,771,810
76$62,315,778$22,333,701$16,274,009$54,380,977
77$68,560,219$23,316,284$16,707,419$59,443,337
78$75,438,071$24,343,492$17,151,828$65,004,465
79$83,013,833$25,417,402$17,607,493$71,114,557
80$91,358,577$26,540,187$18,074,676$77,828,903
81$100,550,620$27,714,125$18,553,647$85,208,401
82$110,676,266$28,941,600$19,044,677$93,320,131
83$121,830,617$30,225,110$19,548,045$102,237,986
84$134,118,471$31,567,271$20,064,035$112,043,361
85$147,655,311$32,970,824$20,592,937$122,825,919
86$162,568,397$34,438,639$21,135,045$134,684,434
87$178,997,964$35,973,722$21,690,659$147,727,717
88$197,098,545$37,579,223$22,260,085$162,075,638
89$217,040,434$39,258,442$22,843,634$177,860,255
90$239,011,287$41,014,834$23,441,625$195,227,051
91$263,217,898$42,852,021$24,054,379$214,336,306
92$289,888,148$44,773,795$24,682,225$235,364,601
93$319,273,158$46,784,129$25,325,499$258,506,481
94$351,649,655$48,887,187$25,984,538$283,976,283
95$387,322,591$51,087,330$26,659,691$312,010,154
96$426,628,013$53,389,127$27,351,309$342,868,274
97$469,936,241$55,797,365$28,059,749$376,837,302
98$517,655,362$58,317,061$28,785,375$414,233,078
99$570,235,081$60,953,468$29,528,556$455,403,593
100$628,170,966$63,712,095$30,289,669$500,732,271