Can I retire at age 57 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$660,633$654,748$649,007$643,403$637,931$617,511
2 years$327,046$320,955$315,052$309,328$303,777$283,392
3 years$215,865$209,748$203,859$198,190$192,728$173,019
4 years$160,285$154,187$148,357$142,785$137,456$118,572
5 years$126,946$120,884$115,131$109,672$104,492$86,485
6 years$104,727$98,711$93,043$87,706$82,681$65,566
7 years$88,863$82,897$77,319$72,108$67,241$51,017
8 years$76,970$71,058$65,573$60,489$55,783$40,438
9 years$67,725$61,869$56,478$51,524$46,978$32,494
10 years$60,333$54,535$49,239$44,414$40,027$26,383
11 years$54,289$48,549$43,349$38,653$34,425$21,595
12 years$49,256$43,575$38,471$33,904$29,832$17,788
13 years$45,001$39,379$34,371$29,932$26,014$14,728
14 years$41,357$35,794$30,883$26,571$22,804$12,244
15 years$38,201$32,699$27,883$23,696$20,078$10,213
16 years$35,443$30,001$25,280$21,217$17,745$8,543
17 years$33,012$27,629$23,004$19,064$15,734$7,162
18 years$30,853$25,531$21,000$17,180$13,990$6,015
19 years$28,924$23,662$19,224$15,524$12,470$5,060
20 years$27,189$21,988$17,643$14,060$11,138$4,262
21 years$25,622$20,481$16,228$12,760$9,967$3,594
22 years$24,200$19,118$14,957$11,602$8,934$3,034
23 years$22,903$17,881$13,810$10,566$8,020$2,562
24 years$21,716$16,753$12,772$9,637$7,208$2,166
25 years$20,625$15,722$11,829$8,801$6,487$1,831
26 years$19,620$14,776$10,971$8,047$5,843$1,549
27 years$18,691$13,906$10,188$7,366$5,268$1,311
28 years$17,830$13,103$9,471$6,749$4,753$1,110
29 years$17,030$12,362$8,813$6,189$4,292$940
30 years$16,285$11,674$8,209$5,680$3,878$797
31 years$15,589$11,036$7,653$5,216$3,506$675
32 years$14,937$10,442$7,141$4,794$3,172$572
33 years$14,327$9,889$6,667$4,408$2,870$485
34 years$13,753$9,373$6,229$4,056$2,599$411
35 years$13,214$8,890$5,824$3,734$2,354$348
36 years$12,706$8,438$5,448$3,439$2,133$295
37 years$12,226$8,014$5,100$3,168$1,933$250
38 years$11,773$7,616$4,775$2,920$1,752$212
39 years$11,344$7,242$4,474$2,693$1,589$180
40 years$10,937$6,890$4,194$2,484$1,441$153
41 years$10,552$6,559$3,932$2,291$1,308$129
42 years$10,185$6,246$3,689$2,115$1,187$110
43 years$9,837$5,952$3,461$1,952$1,077$93
44 years$9,505$5,673$3,249$1,803$977$79
45 years$9,189$5,410$3,051$1,665$887$67
46 years$8,888$5,161$2,865$1,538$806$57
47 years$8,600$4,925$2,692$1,421$732$48
48 years$8,325$4,702$2,530$1,313$664$41
49 years$8,062$4,490$2,378$1,213$603$35
50 years$7,811$4,289$2,235$1,121$548$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,000,000, adding $4,472 every year, while hoping to spend $45,285 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: 58/30/12 Blend
56$8,000,000$8,000,000$8,000,000$8,000,000
57$8,820,613$8,396,613$8,272,613$9,305,807
58$9,672,132$8,759,864$8,501,563$9,996,886
59$10,608,989$9,139,397$8,736,664$10,744,402
60$11,639,840$9,535,961$8,978,076$11,558,141
61$12,774,223$9,950,342$9,225,961$12,444,467
62$14,022,646$10,383,362$9,480,484$13,410,376
63$15,396,691$10,835,881$9,741,815$14,463,563
64$16,909,116$11,308,802$10,010,128$15,612,487
65$18,573,981$11,803,068$10,285,602$16,866,454
66$20,406,775$12,319,667$10,568,418$18,235,698
67$22,424,570$12,859,634$10,858,763$19,731,479
68$24,646,173$13,424,053$11,156,829$21,366,184
69$27,092,310$14,014,059$11,462,810$23,153,441
70$29,785,818$14,630,840$11,776,907$25,108,245
71$32,751,862$15,275,642$12,099,324$27,247,099
72$36,018,171$15,949,767$12,430,270$29,588,161
73$39,615,300$16,654,582$12,769,960$32,151,418
74$43,576,920$17,391,516$13,118,613$34,958,868
75$47,940,132$18,162,066$13,476,452$38,034,724
76$52,745,820$18,967,802$13,843,708$41,405,641
77$58,039,036$19,810,367$14,220,615$45,100,958
78$63,869,425$20,691,481$14,607,412$49,152,979
79$70,291,690$21,612,948$15,004,344$53,597,267
80$77,366,115$22,576,655$15,411,663$58,472,978
81$85,159,129$23,584,582$15,829,624$63,823,225
82$93,743,933$24,638,799$16,258,489$69,695,479
83$103,201,192$25,741,478$16,698,526$76,142,016
84$113,619,796$26,894,893$17,150,009$83,220,400
85$125,097,698$28,101,425$17,613,217$90,994,024
86$137,742,840$29,363,571$18,088,436$99,532,700
87$151,674,169$30,683,946$18,575,958$108,913,314
88$167,022,763$32,065,288$19,076,081$119,220,545
89$183,933,064$33,510,467$19,589,110$130,547,657
90$202,564,248$35,022,490$20,115,356$142,997,372
91$223,091,717$36,604,508$20,655,136$156,682,833
92$245,708,764$38,259,821$21,208,775$171,728,663
93$270,628,393$39,991,888$21,776,605$188,272,136
94$298,085,331$41,804,332$22,358,963$206,464,463
95$328,338,241$43,700,950$22,956,194$226,472,208
96$361,672,166$45,685,721$23,568,651$248,478,856
97$398,401,219$47,762,814$24,196,693$272,686,533
98$438,871,549$49,936,597$24,840,688$299,317,902
99$483,464,604$52,211,647$25,501,008$328,618,260
100$532,600,737$54,592,762$26,178,036$360,857,834