Can I retire at age 57 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$809,275$802,066$795,033$788,169$781,466$750,164
2 years$400,631$393,170$385,938$378,927$372,127$340,984
3 years$264,434$256,941$249,728$242,782$236,092$206,089
4 years$196,349$188,879$181,738$174,911$168,383$139,747
5 years$155,509$148,083$141,036$134,348$128,002$100,807
6 years$128,291$120,921$113,978$107,440$101,284$75,546
7 years$108,857$101,549$94,716$88,332$82,371$58,081
8 years$94,288$87,047$80,327$74,099$68,335$45,467
9 years$82,963$75,790$69,186$63,116$57,548$36,067
10 years$73,908$66,805$60,318$54,407$49,033$28,898
11 years$66,505$59,472$53,103$47,350$42,170$23,333
12 years$60,339$53,379$47,127$41,533$36,544$18,953
13 years$55,126$48,239$42,105$36,667$31,867$15,468
14 years$50,662$43,848$37,832$32,549$27,934$12,673
15 years$46,797$40,056$34,157$29,028$24,596$10,414
16 years$43,418$36,751$30,968$25,991$21,738$8,579
17 years$40,439$33,846$28,180$23,353$19,274$7,082
18 years$37,795$31,275$25,725$21,046$17,138$5,855
19 years$35,431$28,986$23,550$19,017$15,275$4,848
20 years$33,307$26,935$21,613$17,223$13,644$4,018
21 years$31,388$25,089$19,879$15,631$12,210$3,334
22 years$29,645$23,419$18,322$14,212$10,944$2,768
23 years$28,056$21,904$16,917$12,943$9,824$2,299
24 years$26,602$20,522$15,645$11,805$8,830$1,911
25 years$25,266$19,259$14,491$10,781$7,946$1,589
26 years$24,035$18,101$13,440$9,858$7,157$1,322
27 years$22,897$17,035$12,480$9,023$6,453$1,100
28 years$21,842$16,052$11,602$8,267$5,823$916
29 years$20,862$15,143$10,796$7,581$5,258$762
30 years$19,949$14,301$10,056$6,958$4,751$635
31 years$19,096$13,519$9,375$6,390$4,295$529
32 years$18,298$12,792$8,747$5,872$3,885$440
33 years$17,550$12,114$8,167$5,400$3,516$367
34 years$16,848$11,481$7,631$4,969$3,183$305
35 years$16,187$10,890$7,135$4,574$2,883$254
36 years$15,565$10,336$6,674$4,213$2,612$212
37 years$14,977$9,817$6,247$3,881$2,368$177
38 years$14,422$9,330$5,850$3,577$2,147$147
39 years$13,896$8,872$5,481$3,299$1,947$123
40 years$13,398$8,441$5,137$3,042$1,766$102
41 years$12,926$8,035$4,817$2,807$1,602$85
42 years$12,477$7,652$4,519$2,591$1,454$71
43 years$12,050$7,291$4,240$2,391$1,319$59
44 years$11,644$6,950$3,980$2,208$1,197$49
45 years$11,257$6,627$3,737$2,039$1,087$41
46 years$10,888$6,322$3,510$1,884$987$34
47 years$10,535$6,033$3,298$1,740$896$28
48 years$10,198$5,759$3,099$1,608$814$24
49 years$9,876$5,500$2,913$1,486$739$20
50 years$9,568$5,254$2,738$1,374$671$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $9,800,000, adding $5,722 every year, while hoping to spend $55,828 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: 62/21/17 Blend
56$9,800,000$9,800,000$9,800,000$9,800,000
57$10,805,502$10,286,102$10,134,202$11,428,738
58$11,848,263$10,730,721$10,414,297$12,293,524
59$12,995,514$11,195,254$10,701,905$13,230,383
60$14,257,855$11,680,620$10,997,217$14,251,824
61$15,646,963$12,187,778$11,300,431$15,366,071
62$17,175,707$12,717,733$11,611,749$16,582,174
63$18,858,265$13,271,537$11,931,378$17,910,087
64$20,710,259$13,850,293$12,259,530$19,360,765
65$22,748,902$14,455,154$12,596,421$20,946,261
66$24,993,162$15,087,329$12,942,273$22,679,840
67$27,463,939$15,748,082$13,297,314$24,576,099
68$30,184,261$16,438,739$13,661,774$26,651,107
69$33,179,504$17,160,686$14,035,892$28,922,547
70$36,477,631$17,915,376$14,419,912$31,409,889
71$40,109,451$18,704,332$14,814,081$34,134,562
72$44,108,917$19,529,146$15,218,655$37,120,159
73$48,513,441$20,391,488$15,633,893$40,392,654
74$53,364,246$21,293,105$16,060,063$43,980,648
75$58,706,759$22,235,828$16,497,436$47,915,627
76$64,591,039$23,221,574$16,946,290$52,232,265
77$71,072,246$24,252,352$17,406,912$56,968,743
78$78,211,163$25,330,265$17,879,591$62,167,104
79$86,074,770$26,457,516$18,364,625$67,873,651
80$94,736,876$27,636,414$18,862,320$74,139,374
81$104,278,814$28,869,375$19,372,985$81,020,432
82$114,790,213$30,158,934$19,896,939$88,578,676
83$126,369,835$31,507,742$20,434,507$96,882,225
84$139,126,515$32,918,579$20,986,020$106,006,113
85$153,180,186$34,394,356$21,551,819$116,032,982
86$168,663,009$35,938,123$22,132,248$127,053,864
87$185,720,621$37,553,076$22,727,664$139,169,029
88$204,513,509$39,242,562$23,338,425$152,488,931
89$225,218,528$41,010,088$23,964,904$167,135,242
90$248,030,565$42,859,330$24,607,475$183,241,991
91$273,164,382$44,794,136$25,266,524$200,956,830
92$300,856,641$46,818,541$25,942,445$220,442,414
93$331,368,139$48,936,770$26,635,638$241,877,931
94$364,986,271$51,153,253$27,346,513$265,460,788
95$402,027,736$53,472,628$28,075,487$291,408,464
96$442,841,537$55,899,759$28,822,988$319,960,557
97$487,812,265$58,439,738$29,589,449$351,381,034
98$537,363,735$61,097,904$30,375,315$385,960,718
99$591,962,986$63,879,852$31,181,038$424,020,019
100$652,124,687$66,791,441$32,007,079$465,911,954