Can I retire at age 57 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$685,406$679,301$673,344$667,531$661,854$644,286
2 years$339,310$332,991$326,866$320,928$315,168$297,591
3 years$223,960$217,613$211,504$205,622$199,956$182,920
4 years$166,296$159,969$153,921$148,139$142,610$126,247
5 years$131,707$125,417$119,449$113,785$108,410$92,764
6 years$108,655$102,413$96,532$90,995$85,781$70,867
7 years$92,195$86,006$80,219$74,812$69,763$55,582
8 years$79,857$73,723$68,032$62,758$57,875$44,421
9 years$70,265$64,189$58,596$53,456$48,739$35,999
10 years$62,596$56,580$51,085$46,079$41,528$29,486
11 years$56,325$50,370$44,975$40,103$35,716$24,353
12 years$51,104$45,209$39,914$35,176$30,950$20,247
13 years$46,689$40,856$35,660$31,055$26,989$16,923
14 years$42,908$37,137$32,041$27,567$23,659$14,206
15 years$39,634$33,925$28,929$24,585$20,831$11,967
16 years$36,772$31,126$26,228$22,013$18,411$10,111
17 years$34,250$28,665$23,867$19,779$16,324$8,564
18 years$32,010$26,488$21,787$17,824$14,515$7,268
19 years$30,008$24,549$19,945$16,106$12,937$6,179
20 years$28,209$22,812$18,305$14,587$11,556$5,260
21 years$26,583$21,249$16,837$13,239$10,341$4,484
22 years$25,107$19,835$15,518$12,037$9,269$3,826
23 years$23,762$18,551$14,328$10,962$8,321$3,267
24 years$22,530$17,381$13,251$9,998$7,479$2,793
25 years$21,399$16,311$12,273$9,131$6,730$2,388
26 years$20,356$15,330$11,382$8,349$6,062$2,043
27 years$19,392$14,427$10,570$7,642$5,465$1,749
28 years$18,499$13,595$9,826$7,002$4,931$1,498
29 years$17,669$12,825$9,144$6,421$4,453$1,283
30 years$16,895$12,112$8,517$5,893$4,024$1,100
31 years$16,173$11,450$7,940$5,412$3,638$943
32 years$15,497$10,834$7,408$4,974$3,291$808
33 years$14,864$10,260$6,917$4,574$2,978$693
34 years$14,269$9,724$6,463$4,208$2,696$594
35 years$13,710$9,223$6,042$3,874$2,442$510
36 years$13,182$8,754$5,653$3,568$2,213$437
37 years$12,685$8,314$5,291$3,287$2,005$375
38 years$12,214$7,902$4,955$3,030$1,818$322
39 years$11,769$7,514$4,642$2,794$1,649$276
40 years$11,347$7,149$4,351$2,577$1,495$237
41 years$10,947$6,805$4,080$2,377$1,357$203
42 years$10,567$6,481$3,827$2,194$1,231$174
43 years$10,206$6,175$3,591$2,025$1,117$150
44 years$9,862$5,886$3,371$1,870$1,014$128
45 years$9,534$5,613$3,165$1,727$921$110
46 years$9,221$5,354$2,973$1,595$836$95
47 years$8,923$5,110$2,793$1,474$759$81
48 years$8,637$4,878$2,624$1,362$689$70
49 years$8,365$4,658$2,467$1,259$626$60
50 years$8,104$4,450$2,319$1,163$569$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,300,000, adding $2,983 every year, while hoping to spend $37,491 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: 40/48/12 Blend
56$8,300,000$8,300,000$8,300,000$8,300,000
57$9,149,677$8,709,777$8,581,127$9,482,746
58$10,043,054$9,096,666$8,828,705$10,104,993
59$11,026,299$9,501,256$9,083,320$10,773,790
60$12,108,538$9,924,375$9,345,168$11,496,453
61$13,299,830$10,366,889$9,614,451$12,277,877
62$14,611,253$10,829,708$9,891,377$13,123,430
63$16,055,020$11,313,782$10,176,156$14,038,999
64$17,644,583$11,820,109$10,469,009$15,031,044
65$19,394,769$12,349,732$10,770,159$16,106,653
66$21,321,912$12,903,746$11,079,836$17,273,608
67$23,444,013$13,483,296$11,398,276$18,540,448
68$25,780,907$14,089,582$11,725,724$19,916,552
69$28,354,452$14,723,863$12,062,427$21,412,219
70$31,188,730$15,387,457$12,408,643$23,038,760
71$34,310,282$16,081,744$12,764,634$24,808,601
72$37,748,351$16,808,170$13,130,670$26,735,397
73$41,535,164$17,568,251$13,507,028$28,834,149
74$45,706,231$18,363,576$13,893,994$31,121,345
75$50,300,683$19,195,807$14,291,859$33,615,109
76$55,361,640$20,066,689$14,700,923$36,335,363
77$60,936,618$20,978,048$15,121,495$39,304,010
78$67,077,979$21,931,799$15,553,892$42,545,135
79$73,843,423$22,929,947$15,998,437$46,085,222
80$81,296,532$23,974,594$16,455,464$49,953,399
81$89,507,372$25,067,942$16,925,316$54,181,701
82$98,553,153$26,212,301$17,408,344$58,805,369
83$108,518,959$27,410,088$17,904,908$63,863,171
84$119,498,549$28,663,838$18,415,378$69,397,757
85$131,595,243$29,976,208$18,940,135$75,456,057
86$144,922,896$31,349,981$19,479,568$82,089,708
87$159,606,976$32,788,074$20,034,078$89,355,534
88$175,785,743$34,293,545$20,604,075$97,316,071
89$193,611,558$35,869,599$21,189,981$106,040,146
90$213,252,320$37,519,592$21,792,228$115,603,514
91$234,893,050$39,247,045$22,411,261$126,089,559
92$258,737,637$41,055,646$23,047,534$137,590,070
93$285,010,766$42,949,263$23,701,516$150,206,092
94$313,960,033$44,931,945$24,373,686$164,048,866
95$345,858,288$47,007,942$25,064,536$179,240,864
96$381,006,206$49,181,704$25,774,570$195,916,928
97$419,735,128$51,457,897$26,504,308$214,225,527
98$462,410,189$53,841,412$27,254,280$234,330,140
99$509,433,761$56,337,374$28,025,031$256,410,783
100$561,249,256$58,951,157$28,817,121$280,665,687