Can I retire at age 57 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$677,148$671,117$665,232$659,488$653,880$637,296
2 years$335,222$328,979$322,928$317,062$311,371$294,772
3 years$221,261$214,991$208,956$203,144$197,547$181,450
4 years$164,292$158,041$152,066$146,354$140,892$125,422
5 years$130,120$123,906$118,010$112,414$107,104$92,303
6 years$107,345$101,179$95,369$89,898$84,748$70,631
7 years$91,085$84,970$79,252$73,910$68,922$55,491
8 years$78,894$72,835$67,212$62,002$57,178$44,426
9 years$69,418$63,416$57,890$52,812$48,152$36,069
10 years$61,842$55,898$50,470$45,524$41,028$29,598
11 years$55,647$49,763$44,433$39,620$35,285$24,493
12 years$50,488$44,664$39,433$34,752$30,578$20,404
13 years$46,126$40,363$35,231$30,681$26,664$17,088
14 years$42,391$36,689$31,655$27,235$23,374$14,374
15 years$39,156$33,516$28,580$24,289$20,580$12,135
16 years$36,329$30,751$25,912$21,748$18,189$10,275
17 years$33,837$28,320$23,579$19,540$16,127$8,721
18 years$31,624$26,169$21,525$17,610$14,340$7,418
19 years$29,647$24,253$19,705$15,912$12,781$6,320
20 years$27,869$22,537$18,084$14,411$11,416$5,393
21 years$26,263$20,993$16,634$13,079$10,216$4,608
22 years$24,805$19,596$15,331$11,892$9,158$3,941
23 years$23,475$18,328$14,155$10,830$8,220$3,373
24 years$22,259$17,172$13,091$9,878$7,389$2,890
25 years$21,141$16,115$12,125$9,021$6,649$2,477
26 years$20,111$15,145$11,245$8,248$5,989$2,125
27 years$19,159$14,254$10,442$7,550$5,400$1,823
28 years$18,276$13,431$9,707$6,917$4,872$1,565
29 years$17,456$12,671$9,034$6,343$4,399$1,344
30 years$16,692$11,966$8,414$5,822$3,975$1,155
31 years$15,978$11,312$7,845$5,347$3,594$992
32 years$15,311$10,703$7,319$4,914$3,251$853
33 years$14,685$10,136$6,834$4,519$2,942$733
34 years$14,097$9,607$6,385$4,157$2,664$630
35 years$13,544$9,112$5,970$3,827$2,413$542
36 years$13,023$8,649$5,585$3,525$2,186$466
37 years$12,532$8,214$5,227$3,248$1,981$401
38 years$12,067$7,806$4,895$2,993$1,796$345
39 years$11,627$7,423$4,586$2,760$1,629$297
40 years$11,211$7,062$4,298$2,546$1,477$255
41 years$10,815$6,723$4,031$2,349$1,340$219
42 years$10,440$6,403$3,781$2,168$1,216$189
43 years$10,083$6,100$3,548$2,001$1,104$162
44 years$9,743$5,815$3,330$1,848$1,002$140
45 years$9,419$5,545$3,127$1,706$910$120
46 years$9,110$5,290$2,937$1,576$826$103
47 years$8,815$5,048$2,759$1,456$750$89
48 years$8,533$4,819$2,593$1,346$681$77
49 years$8,264$4,602$2,437$1,244$619$66
50 years$8,006$4,396$2,291$1,149$562$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,200,000, adding $3,967 every year, while hoping to spend $32,561 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: 49/21/30 Blend
56$8,200,000$8,200,000$8,200,000$8,200,000
57$9,040,492$8,605,892$8,478,792$9,406,038
58$9,927,977$8,992,936$8,728,187$10,050,574
59$10,904,895$9,397,854$8,984,845$10,746,943
60$11,980,333$9,821,487$9,248,976$11,502,953
61$13,164,304$10,264,717$9,520,794$12,324,271
62$14,467,843$10,728,468$9,800,520$13,217,129
63$15,903,107$11,213,707$10,088,381$14,188,374
64$17,483,493$11,721,448$10,384,612$15,245,538
65$19,223,765$12,252,754$10,689,451$16,396,899
66$21,140,188$12,808,739$11,003,147$17,651,564
67$23,250,688$13,390,567$11,325,953$19,019,547
68$25,575,016$13,999,463$11,658,131$20,511,864
69$28,134,937$14,636,707$11,999,948$22,140,634
70$30,954,436$15,303,640$12,351,681$23,919,189
71$34,059,940$16,001,670$12,713,614$25,862,196
72$37,480,572$16,732,270$13,086,038$27,985,798
73$41,248,424$17,496,985$13,469,254$30,307,756
74$45,398,859$18,297,433$13,863,570$32,847,619
75$49,970,846$19,135,311$14,269,303$35,626,900
76$55,007,327$20,012,395$14,686,779$38,669,280
77$60,555,621$20,930,550$15,116,333$42,000,826
78$66,667,874$21,891,727$15,558,311$45,650,232
79$73,401,548$22,897,972$16,013,065$49,649,086
80$80,819,964$23,951,430$16,480,960$54,032,166
81$88,992,899$25,054,349$16,962,371$58,837,763
82$97,997,246$26,209,084$17,457,682$64,108,034
83$107,917,739$27,418,103$17,967,288$69,889,402
84$118,847,753$28,683,994$18,491,597$76,232,983
85$130,890,184$30,009,471$19,031,026$83,195,066
86$144,158,422$31,397,374$19,586,004$90,837,638
87$158,777,419$32,850,683$20,156,973$99,228,966
88$174,884,872$34,372,523$20,744,388$108,444,231
89$192,632,518$35,966,165$21,348,714$118,566,234
90$212,187,569$37,635,041$21,970,430$129,686,171
91$233,734,291$39,382,749$22,610,030$141,904,487
92$257,475,742$41,213,057$23,268,019$155,331,818
93$283,635,689$43,129,917$23,944,918$170,090,024
94$312,460,718$45,137,473$24,641,263$186,313,337
95$344,222,568$47,240,065$25,357,601$204,149,616
96$379,220,689$49,442,247$26,094,500$223,761,736
97$417,785,071$51,748,789$26,852,538$245,329,119
98$460,279,362$54,164,694$27,632,312$269,049,412
99$507,104,298$56,695,205$28,434,435$295,140,351
100$558,701,486$59,345,819$29,259,537$323,841,801