Can I retire at age 57 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$701,922$695,670$689,570$683,616$677,802$661,685
2 years$347,486$341,015$334,743$328,661$322,763$306,620
3 years$229,356$222,857$216,601$210,577$204,774$189,109
4 years$170,303$163,823$157,630$151,709$146,047$130,980
5 years$134,880$128,439$122,327$116,527$111,022$96,597
6 years$111,273$104,880$98,859$93,187$87,848$74,078
7 years$94,417$88,078$82,152$76,614$71,444$58,331
8 years$81,781$75,500$69,671$64,270$59,270$46,809
9 years$71,958$65,736$60,008$54,744$49,914$38,095
10 years$64,104$57,943$52,316$47,190$42,529$31,339
11 years$57,683$51,583$46,058$41,069$36,576$26,000
12 years$52,335$46,298$40,876$36,023$31,696$21,715
13 years$47,814$41,840$36,520$31,803$27,640$18,236
14 years$43,942$38,032$32,813$28,231$24,229$15,382
15 years$40,589$34,743$29,626$25,177$21,333$13,021
16 years$37,658$31,876$26,860$22,544$18,854$11,057
17 years$35,075$29,356$24,442$20,255$16,717$9,412
18 years$32,781$27,126$22,312$18,254$14,864$8,030
19 years$30,731$25,141$20,426$16,494$13,249$6,862
20 years$28,889$23,362$18,746$14,939$11,834$5,873
21 years$27,224$21,761$17,242$13,558$10,590$5,033
22 years$25,712$20,313$15,892$12,327$9,493$4,318
23 years$24,334$18,998$14,673$11,226$8,521$3,708
24 years$23,073$17,800$13,570$10,239$7,659$3,187
25 years$21,914$16,704$12,569$9,351$6,892$2,741
26 years$20,847$15,699$11,657$8,550$6,208$2,358
27 years$19,860$14,775$10,824$7,826$5,597$2,030
28 years$18,945$13,922$10,063$7,170$5,050$1,749
29 years$18,094$13,134$9,364$6,575$4,560$1,507
30 years$17,302$12,404$8,722$6,035$4,121$1,298
31 years$16,563$11,726$8,132$5,542$3,725$1,119
32 years$15,871$11,095$7,587$5,093$3,370$965
33 years$15,222$10,507$7,084$4,684$3,050$832
34 years$14,613$9,958$6,619$4,310$2,761$718
35 years$14,040$9,445$6,188$3,967$2,501$620
36 years$13,500$8,965$5,789$3,654$2,266$535
37 years$12,990$8,515$5,418$3,366$2,054$461
38 years$12,509$8,092$5,074$3,103$1,862$398
39 years$12,053$7,695$4,754$2,861$1,688$344
40 years$11,621$7,321$4,456$2,639$1,531$297
41 years$11,211$6,969$4,178$2,435$1,389$256
42 years$10,822$6,637$3,919$2,247$1,261$221
43 years$10,452$6,324$3,678$2,074$1,144$191
44 years$10,099$6,028$3,452$1,915$1,039$165
45 years$9,763$5,748$3,241$1,769$943$142
46 years$9,443$5,483$3,044$1,634$856$123
47 years$9,138$5,233$2,860$1,509$777$106
48 years$8,846$4,995$2,688$1,395$706$92
49 years$8,566$4,770$2,526$1,289$641$79
50 years$8,299$4,557$2,375$1,191$582$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,500,000, adding $5,677 every year, while hoping to spend $22,079 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: 31/44/25 Blend
56$8,500,000$8,500,000$8,500,000$8,500,000
57$9,372,856$8,922,356$8,790,606$9,591,070
58$10,305,395$9,336,059$9,061,599$10,172,417
59$11,332,314$9,769,294$9,340,931$10,795,415
60$12,463,214$10,222,995$9,628,857$11,465,603
61$13,708,680$10,698,139$9,925,641$12,187,117
62$15,080,370$11,195,753$10,231,555$12,964,483
63$16,591,136$11,716,912$10,546,880$13,802,661
64$18,255,135$12,262,745$10,871,904$14,707,082
65$20,087,971$12,834,431$11,206,925$15,683,699
66$22,106,837$13,433,211$11,552,250$16,739,036
67$24,330,679$14,060,383$11,908,194$17,880,248
68$26,780,374$14,717,308$12,275,085$19,115,179
69$29,478,929$15,405,413$12,653,257$20,452,433
70$32,451,696$16,126,194$13,043,058$21,901,452
71$35,726,611$16,881,220$13,444,842$23,472,596
72$39,334,461$17,672,135$13,858,980$25,177,235
73$43,309,168$18,500,662$14,285,848$27,027,852
74$47,688,118$19,368,609$14,725,839$29,038,154
75$52,512,505$20,277,870$15,179,353$31,223,191
76$57,827,726$21,230,431$15,646,807$33,599,496
77$63,683,806$22,228,374$16,128,627$36,185,230
78$70,135,872$23,273,882$16,625,254$39,000,348
79$77,244,673$24,369,244$17,137,142$42,066,776
80$85,077,152$25,516,860$17,664,759$45,408,611
81$93,707,080$26,719,245$18,208,587$49,052,342
82$103,215,751$27,979,036$18,769,123$53,027,085
83$113,692,748$29,299,000$19,346,879$57,364,853
84$125,236,793$30,682,035$19,942,384$62,100,845
85$137,956,672$32,131,181$20,556,180$67,273,770
86$151,972,270$33,649,626$21,188,829$72,926,198
87$167,415,695$35,240,711$21,840,908$79,104,951
88$184,432,530$36,907,940$22,513,013$85,861,536
89$203,183,206$38,654,988$23,205,757$93,252,613
90$223,844,516$40,485,705$23,919,773$101,340,518
91$246,611,283$42,404,131$24,655,712$110,193,841
92$271,698,201$44,414,500$25,414,245$119,888,052
93$299,341,860$46,521,254$26,196,065$130,506,206
94$329,802,982$48,729,047$27,001,885$142,139,702
95$363,368,878$51,042,762$27,832,441$154,889,136
96$400,356,164$53,467,518$28,688,488$168,865,228
97$441,113,749$56,008,682$29,570,808$184,189,851
98$486,026,127$58,671,883$30,480,206$200,997,163
99$535,517,009$61,463,022$31,417,510$219,434,849
100$590,053,321$64,388,288$32,383,574$239,665,500