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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$710,180$703,854$697,682$691,658$685,776$672,205
2 years$351,574$345,026$338,681$332,528$326,560$312,944
3 years$232,055$225,479$219,149$213,054$207,183$193,948
4 years$172,307$165,751$159,484$153,493$147,765$135,012
5 years$136,467$129,951$123,766$117,898$112,328$100,094
6 years$112,582$106,114$100,022$94,284$88,882$77,179
7 years$95,528$89,115$83,118$77,516$72,285$61,117
8 years$82,743$76,388$70,491$65,026$59,967$49,331
9 years$72,804$66,509$60,714$55,388$50,501$40,389
10 years$64,858$58,625$52,932$47,745$43,029$33,432
11 years$58,361$52,190$46,600$41,552$37,007$27,913
12 years$52,951$46,843$41,357$36,447$32,069$23,466
13 years$48,376$42,332$36,949$32,177$27,965$19,837
14 years$44,459$38,479$33,199$28,563$24,514$16,847
15 years$41,066$35,151$29,974$25,473$21,584$14,361
16 years$38,101$32,251$27,176$22,809$19,076$12,281
17 years$35,488$29,702$24,729$20,493$16,914$10,530
18 years$33,167$27,446$22,575$18,469$15,039$9,049
19 years$31,093$25,436$20,666$16,688$13,405$7,791
20 years$29,229$23,637$18,966$15,114$11,973$6,719
21 years$27,544$22,017$17,445$13,717$10,715$5,802
22 years$26,015$20,552$16,078$12,472$9,604$5,017
23 years$24,621$19,222$14,846$11,359$8,621$4,342
24 years$23,344$18,009$13,730$10,360$7,749$3,761
25 years$22,172$16,901$12,716$9,461$6,973$3,260
26 years$21,092$15,884$11,794$8,651$6,281$2,828
27 years$20,093$14,949$10,952$7,918$5,663$2,454
28 years$19,168$14,086$10,181$7,255$5,110$2,131
29 years$18,307$13,289$9,474$6,653$4,614$1,851
30 years$17,506$12,550$8,825$6,106$4,169$1,609
31 years$16,758$11,864$8,227$5,607$3,769$1,398
32 years$16,058$11,225$7,676$5,153$3,409$1,216
33 years$15,401$10,631$7,167$4,739$3,086$1,057
34 years$14,785$10,076$6,697$4,360$2,794$920
35 years$14,205$9,556$6,261$4,014$2,530$800
36 years$13,659$9,070$5,857$3,697$2,293$696
37 years$13,143$8,615$5,482$3,406$2,078$606
38 years$12,656$8,187$5,134$3,139$1,884$528
39 years$12,195$7,785$4,810$2,895$1,708$459
40 years$11,758$7,407$4,508$2,670$1,549$400
41 years$11,343$7,051$4,227$2,463$1,406$348
42 years$10,949$6,715$3,965$2,273$1,276$303
43 years$10,575$6,398$3,721$2,099$1,158$264
44 years$10,218$6,099$3,493$1,938$1,051$230
45 years$9,878$5,816$3,279$1,790$954$200
46 years$9,554$5,548$3,080$1,653$866$174
47 years$9,245$5,294$2,894$1,527$786$152
48 years$8,950$5,054$2,719$1,411$714$132
49 years$8,667$4,826$2,556$1,304$649$115
50 years$8,397$4,610$2,403$1,205$589$100

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 $3,096 every year, while hoping to spend $32,539 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: 49/24/27 Blend
56$8,600,000$8,600,000$8,600,000$8,600,000
57$9,480,394$9,024,594$8,891,294$9,872,100
58$10,412,772$9,432,177$9,154,531$10,554,310
59$11,439,163$9,858,642$9,425,496$11,291,596
60$12,569,121$10,304,879$9,704,413$12,092,006
61$13,813,175$10,771,821$9,991,514$12,961,523
62$15,182,924$11,260,446$10,287,035$13,906,726
63$16,691,154$11,771,779$10,591,222$14,934,842
64$18,351,950$12,306,895$10,904,326$16,053,819
65$20,180,833$12,866,917$11,226,606$17,272,394
66$22,194,907$13,453,025$11,558,326$18,600,173
67$24,413,019$14,066,455$11,899,762$20,047,721
68$26,855,937$14,708,501$12,251,193$21,626,657
69$29,546,545$15,380,520$12,612,911$23,349,760
70$32,510,062$16,083,934$12,985,213$25,231,089
71$35,774,275$16,820,234$13,368,404$27,286,109
72$39,369,805$17,590,980$13,762,800$29,531,836
73$43,330,396$18,397,808$14,168,724$31,986,994
74$47,693,231$19,242,435$14,586,511$34,672,184
75$52,499,283$20,126,658$15,016,502$37,610,082
76$57,793,706$21,052,359$15,459,050$40,825,641
77$63,626,253$22,021,514$15,914,518$44,346,325
78$70,051,754$23,036,192$16,383,278$48,202,367
79$77,130,629$24,098,561$16,865,713$52,427,044
80$84,929,457$25,210,894$17,362,218$57,056,992
81$93,521,608$26,375,575$17,873,199$62,132,540
82$102,987,933$27,595,098$18,399,072$67,698,094
83$113,417,527$28,872,083$18,940,266$73,802,539
84$124,908,571$30,209,272$19,497,222$80,499,708
85$137,569,260$31,609,541$20,070,393$87,848,872
86$151,518,819$33,075,903$20,660,246$95,915,300
87$166,888,635$34,611,519$21,267,260$104,770,868
88$183,823,491$36,219,698$21,891,928$114,494,727
89$202,482,937$37,903,913$22,534,758$125,174,046
90$223,042,794$39,667,803$23,196,270$136,904,828
91$245,696,814$41,515,180$23,877,000$149,792,805
92$270,658,510$43,450,045$24,577,500$163,954,429
93$298,163,168$45,476,587$25,298,337$179,517,963
94$328,470,072$47,599,201$26,040,092$196,624,687
95$361,864,950$49,822,492$26,803,366$215,430,212
96$398,662,669$52,151,289$27,588,773$236,105,949
97$439,210,212$54,590,652$28,396,947$258,840,714
98$483,889,949$57,145,889$29,228,540$283,842,495
99$533,123,248$59,822,562$30,084,221$311,340,411
100$587,374,454$62,626,503$30,964,677$341,586,860