Can I retire at age 57 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$710,180$703,854$697,682$691,658$685,776$659,348
2 years$351,574$345,026$338,681$332,528$326,560$300,250
3 years$232,055$225,479$219,149$213,054$207,183$181,818
4 years$172,307$165,751$159,484$153,493$147,765$123,538
5 years$136,467$129,951$123,766$117,898$112,328$89,303
6 years$112,582$106,114$100,022$94,284$88,882$67,072
7 years$95,528$89,115$83,118$77,516$72,285$51,685
8 years$82,743$76,388$70,491$65,026$59,967$40,556
9 years$72,804$66,509$60,714$55,388$50,501$32,251
10 years$64,858$58,625$52,932$47,745$43,029$25,906
11 years$58,361$52,190$46,600$41,552$37,007$20,972
12 years$52,951$46,843$41,357$36,447$32,069$17,081
13 years$48,376$42,332$36,949$32,177$27,965$13,979
14 years$44,459$38,479$33,199$28,563$24,514$11,484
15 years$41,066$35,151$29,974$25,473$21,584$9,465
16 years$38,101$32,251$27,176$22,809$19,076$7,820
17 years$35,488$29,702$24,729$20,493$16,914$6,474
18 years$33,167$27,446$22,575$18,469$15,039$5,369
19 years$31,093$25,436$20,666$16,688$13,405$4,459
20 years$29,229$23,637$18,966$15,114$11,973$3,707
21 years$27,544$22,017$17,445$13,717$10,715$3,085
22 years$26,015$20,552$16,078$12,472$9,604$2,569
23 years$24,621$19,222$14,846$11,359$8,621$2,141
24 years$23,344$18,009$13,730$10,360$7,749$1,786
25 years$22,172$16,901$12,716$9,461$6,973$1,490
26 years$21,092$15,884$11,794$8,651$6,281$1,243
27 years$20,093$14,949$10,952$7,918$5,663$1,038
28 years$19,168$14,086$10,181$7,255$5,110$867
29 years$18,307$13,289$9,474$6,653$4,614$724
30 years$17,506$12,550$8,825$6,106$4,169$605
31 years$16,758$11,864$8,227$5,607$3,769$505
32 years$16,058$11,225$7,676$5,153$3,409$422
33 years$15,401$10,631$7,167$4,739$3,086$353
34 years$14,785$10,076$6,697$4,360$2,794$295
35 years$14,205$9,556$6,261$4,014$2,530$246
36 years$13,659$9,070$5,857$3,697$2,293$206
37 years$13,143$8,615$5,482$3,406$2,078$172
38 years$12,656$8,187$5,134$3,139$1,884$144
39 years$12,195$7,785$4,810$2,895$1,708$120
40 years$11,758$7,407$4,508$2,670$1,549$101
41 years$11,343$7,051$4,227$2,463$1,406$84
42 years$10,949$6,715$3,965$2,273$1,276$70
43 years$10,575$6,398$3,721$2,099$1,158$59
44 years$10,218$6,099$3,493$1,938$1,051$49
45 years$9,878$5,816$3,279$1,790$954$41
46 years$9,554$5,548$3,080$1,653$866$34
47 years$9,245$5,294$2,894$1,527$786$29
48 years$8,950$5,054$2,719$1,411$714$24
49 years$8,667$4,826$2,556$1,304$649$20
50 years$8,397$4,610$2,403$1,205$589$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,600,000, adding $2,730 every year, while hoping to spend $43,823 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: 34/49/17 Blend
56$8,600,000$8,600,000$8,600,000$8,600,000
57$9,480,016$9,024,216$8,890,916$9,752,418
58$10,400,350$9,419,775$9,142,134$10,347,891
59$11,413,090$9,833,248$9,400,300$10,985,327
60$12,527,614$10,265,466$9,665,599$11,671,790
61$13,754,257$10,717,300$9,938,222$12,411,635
62$15,104,405$11,189,662$10,218,367$13,209,631
63$16,590,606$11,683,507$10,506,234$14,071,006
64$18,226,684$12,199,835$10,802,029$15,001,490
65$20,027,873$12,739,694$11,105,964$16,007,366
66$22,010,958$13,304,181$11,418,256$17,095,526
67$24,194,436$13,894,446$11,739,127$18,273,530
68$26,598,686$14,511,692$12,068,806$19,549,673
69$29,246,167$15,157,180$12,407,527$20,933,059
70$32,161,626$15,832,232$12,755,528$22,433,682
71$35,372,330$16,538,229$13,113,057$24,062,511
72$38,908,328$17,276,623$13,480,365$25,831,596
73$42,802,731$18,048,930$13,857,710$27,754,169
74$47,092,024$18,856,742$14,245,357$29,844,762
75$51,816,412$19,701,724$14,643,578$32,119,346
76$57,020,199$20,585,622$15,052,652$34,595,466
77$62,752,206$21,510,264$15,472,862$37,292,404
78$69,066,230$22,477,566$15,904,502$40,231,352
79$76,021,553$23,489,534$16,347,870$43,435,608
80$83,683,502$24,548,272$16,803,274$46,930,782
81$92,124,063$25,655,982$17,271,029$50,745,035
82$101,422,565$26,814,972$17,751,455$54,909,332
83$111,666,422$28,027,662$18,244,885$59,457,727
84$122,951,964$29,296,583$18,751,655$64,427,674
85$135,385,341$30,624,392$19,272,112$69,860,373
86$149,083,529$32,013,871$19,806,611$75,801,143
87$164,175,432$33,467,934$20,355,516$82,299,845
88$180,803,099$34,989,635$20,919,198$89,411,338
89$199,123,064$36,582,176$21,498,040$97,195,984
90$219,307,823$38,248,910$22,092,431$105,720,206
91$241,547,466$39,993,351$22,702,772$115,057,105
92$266,051,465$41,819,183$23,329,473$125,287,130
93$293,050,655$43,730,264$23,972,951$136,498,829
94$322,799,415$45,730,640$24,633,638$148,789,667
95$355,578,062$47,824,547$25,311,971$162,266,928
96$391,695,503$50,016,430$26,008,402$177,048,718
97$431,492,151$52,310,941$26,723,390$193,265,055
98$475,343,134$54,712,961$27,457,407$211,059,084
99$523,661,839$57,227,601$28,210,935$230,588,404
100$576,903,813$59,860,220$28,984,468$252,026,543