Can I retire at age 57 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$792,759$785,698$778,808$772,084$765,517$743,696
2 years$392,455$385,146$378,062$371,194$364,532$342,717
3 years$259,038$251,697$244,631$237,828$231,274$210,149
4 years$192,342$185,024$178,029$171,341$164,947$144,673
5 years$152,335$145,061$138,158$131,607$125,390$106,024
6 years$125,673$118,453$111,652$105,247$99,217$80,776
7 years$106,636$99,477$92,783$86,529$80,690$63,175
8 years$92,364$85,270$78,688$72,587$66,940$50,341
9 years$81,270$74,243$67,774$61,828$56,373$40,673
10 years$72,400$65,441$59,087$53,297$48,033$33,211
11 years$65,147$58,259$52,019$46,384$41,310$27,342
12 years$59,108$52,290$46,165$40,685$35,798$22,657
13 years$54,001$47,255$41,246$35,919$31,217$18,874
14 years$49,628$42,953$37,060$31,885$27,364$15,789
15 years$45,842$39,239$33,460$28,435$24,094$13,254
16 years$42,532$36,001$30,336$25,461$21,294$11,158
17 years$39,614$33,155$27,605$22,876$18,881$9,416
18 years$37,024$30,637$25,200$20,616$16,788$7,962
19 years$34,708$28,394$23,069$18,629$14,963$6,743
20 years$32,627$26,385$21,172$16,872$13,366$5,719
21 years$30,747$24,577$19,474$15,312$11,961$4,856
22 years$29,040$22,941$17,948$13,922$10,721$4,128
23 years$27,483$21,457$16,572$12,679$9,624$3,511
24 years$26,059$20,104$15,326$11,564$8,650$2,989
25 years$24,750$18,866$14,195$10,561$7,784$2,546
26 years$23,544$17,731$13,165$9,657$7,011$2,170
27 years$22,430$16,687$12,225$8,839$6,321$1,850
28 years$21,396$15,724$11,365$8,098$5,704$1,578
29 years$20,436$14,834$10,576$7,426$5,150$1,346
30 years$19,541$14,009$9,851$6,816$4,654$1,149
31 years$18,706$13,243$9,184$6,260$4,207$980
32 years$17,925$12,531$8,569$5,753$3,806$837
33 years$17,192$11,867$8,001$5,290$3,444$715
34 years$16,504$11,247$7,475$4,867$3,118$610
35 years$15,857$10,668$6,989$4,481$2,825$521
36 years$15,247$10,125$6,538$4,127$2,559$445
37 years$14,671$9,617$6,119$3,802$2,319$380
38 years$14,127$9,139$5,731$3,504$2,103$325
39 years$13,613$8,690$5,369$3,231$1,907$278
40 years$13,125$8,268$5,032$2,980$1,730$237
41 years$12,662$7,871$4,719$2,750$1,569$203
42 years$12,222$7,496$4,426$2,538$1,424$173
43 years$11,804$7,142$4,153$2,343$1,292$148
44 years$11,406$6,808$3,899$2,163$1,173$127
45 years$11,027$6,492$3,661$1,998$1,065$108
46 years$10,665$6,193$3,438$1,845$967$92
47 years$10,320$5,910$3,230$1,705$878$79
48 years$9,990$5,642$3,036$1,575$797$67
49 years$9,675$5,388$2,853$1,456$724$58
50 years$9,373$5,146$2,682$1,346$658$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,600,000, adding $3,643 every year, while hoping to spend $33,796 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: 54/40/6 Blend
56$9,600,000$9,600,000$9,600,000$9,600,000
57$10,582,958$10,074,158$9,925,358$11,140,006
58$11,626,461$10,531,833$10,221,899$11,974,449
59$12,775,268$11,010,801$10,527,241$12,878,078
60$14,040,086$11,512,071$10,841,644$13,860,664
61$15,432,710$12,036,697$11,165,374$14,929,687
62$16,966,138$12,585,787$11,498,706$16,093,362
63$18,654,694$13,160,501$11,841,922$17,360,719
64$20,514,160$13,762,052$12,195,313$18,741,676
65$22,561,926$14,391,715$12,559,179$20,247,136
66$24,817,158$15,050,824$12,933,826$21,889,081
67$27,300,972$15,740,778$13,319,573$23,680,685
68$30,036,637$16,463,042$13,716,745$25,636,430
69$33,049,795$17,219,153$14,125,678$27,772,241
70$36,368,703$18,010,720$14,546,716$30,105,629
71$40,024,496$18,839,430$14,980,216$32,655,852
72$44,051,484$19,707,052$15,426,543$35,444,093
73$48,487,477$20,615,439$15,886,073$38,493,652
74$53,374,137$21,566,533$16,359,194$41,830,162
75$58,757,376$22,562,370$16,846,304$45,481,821
76$64,687,786$23,605,084$17,347,814$49,479,658
77$71,221,119$24,696,912$17,864,144$53,857,814
78$78,418,809$25,840,197$18,395,729$58,653,859
79$86,348,558$27,037,397$18,943,017$63,909,138
80$95,084,969$28,291,088$19,506,466$69,669,156
81$104,710,253$29,603,968$20,086,549$75,983,997
82$115,315,004$30,978,867$20,683,754$82,908,790
83$126,999,055$32,418,753$21,298,581$90,504,219
84$139,872,420$33,926,733$21,931,544$98,837,089
85$154,056,332$35,506,068$22,583,176$107,980,942
86$169,684,385$37,160,173$23,254,020$118,016,746
87$186,903,801$38,892,629$23,944,638$129,033,647
88$205,876,813$40,707,192$24,655,607$141,129,798
89$226,782,199$42,607,796$25,387,522$154,413,275
90$249,816,973$44,598,568$26,140,993$169,003,086
91$275,198,238$46,683,831$26,916,650$185,030,279
92$303,165,240$48,868,120$27,715,139$202,639,166
93$333,981,624$51,156,188$28,537,126$221,988,674
94$367,937,926$53,553,018$29,383,296$243,253,828
95$405,354,311$56,063,833$30,254,354$266,627,388
96$446,583,600$58,694,109$31,151,023$292,321,653
97$492,014,594$61,449,588$32,074,050$320,570,447
98$542,075,754$64,336,288$33,024,201$351,631,312
99$597,239,235$67,360,521$34,002,266$385,787,914
100$658,025,352$70,528,901$35,009,057$423,352,710