Can I retire at age 57 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$718,438$712,038$705,795$699,701$693,750$686,220
2 years$355,662$349,038$342,619$336,395$330,357$322,775
3 years$234,753$228,100$221,697$215,531$209,592$202,194
4 years$174,310$167,678$161,339$155,278$149,483$142,325
5 years$138,054$131,462$125,205$119,269$113,635$106,738
6 years$113,891$107,348$101,185$95,380$89,915$83,288
7 years$96,638$90,151$84,085$78,417$73,125$66,771
8 years$83,705$77,276$71,311$65,782$60,664$54,583
9 years$73,651$67,283$61,420$56,032$51,088$45,276
10 years$65,612$59,306$53,547$48,300$43,530$37,984
11 years$59,040$52,797$47,142$42,035$37,437$32,153
12 years$53,566$47,388$41,837$36,871$32,442$27,414
13 years$48,939$42,825$37,379$32,551$28,290$23,513
14 years$44,976$38,926$33,585$28,895$24,799$20,265
15 years$41,544$35,560$30,323$25,770$21,835$17,537
16 years$38,544$32,626$27,492$23,074$19,298$15,229
17 years$35,900$30,047$25,017$20,732$17,111$13,264
18 years$33,553$27,765$22,837$18,683$15,214$11,581
19 years$31,454$25,732$20,906$16,882$13,561$10,133
20 years$29,569$23,911$19,187$15,290$12,113$8,883
21 years$27,864$22,273$17,648$13,877$10,839$7,799
22 years$26,317$20,791$16,265$12,617$9,716$6,857
23 years$24,907$19,445$15,018$11,491$8,722$6,036
24 years$23,616$18,219$13,889$10,480$7,839$5,319
25 years$22,430$17,097$12,864$9,571$7,054$4,692
26 years$21,337$16,069$11,931$8,751$6,354$4,141
27 years$20,327$15,123$11,079$8,010$5,729$3,658
28 years$19,390$14,250$10,299$7,339$5,169$3,234
29 years$18,520$13,443$9,584$6,730$4,668$2,860
30 years$17,709$12,696$8,928$6,177$4,217$2,531
31 years$16,953$12,002$8,323$5,673$3,813$2,240
32 years$16,244$11,356$7,765$5,213$3,449$1,984
33 years$15,580$10,754$7,251$4,794$3,121$1,757
34 years$14,957$10,193$6,775$4,411$2,826$1,557
35 years$14,370$9,668$6,334$4,061$2,560$1,380
36 years$13,818$9,176$5,925$3,740$2,319$1,223
37 years$13,296$8,715$5,546$3,446$2,102$1,085
38 years$12,803$8,282$5,193$3,176$1,906$962
39 years$12,336$7,876$4,866$2,928$1,728$853
40 years$11,894$7,493$4,561$2,701$1,567$757
41 years$11,475$7,133$4,276$2,492$1,422$672
42 years$11,076$6,793$4,011$2,300$1,290$596
43 years$10,697$6,472$3,764$2,123$1,171$529
44 years$10,337$6,169$3,533$1,960$1,063$469
45 years$9,993$5,883$3,318$1,810$965$417
46 years$9,665$5,612$3,116$1,672$876$370
47 years$9,353$5,356$2,927$1,545$796$328
48 years$9,054$5,113$2,751$1,428$723$291
49 years$8,768$4,883$2,586$1,319$656$259
50 years$8,494$4,664$2,431$1,219$596$230

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,700,000, adding $4,400 every year, while hoping to spend $45,481 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: 82/5/13 Blend
56$8,700,000$8,700,000$8,700,000$8,700,000
57$9,591,939$9,130,839$8,995,989$10,354,817
58$10,521,925$9,529,858$9,248,963$11,254,894
59$11,545,245$9,946,906$9,508,887$12,236,542
60$12,671,372$10,382,816$9,775,947$13,313,042
61$13,910,742$10,838,464$10,050,331$14,493,896
62$15,274,855$11,314,766$10,332,234$15,789,572
63$16,776,382$11,812,680$10,621,856$17,211,595
64$18,429,284$12,333,213$10,919,399$18,772,663
65$20,248,946$12,877,416$11,225,074$20,486,761
66$22,252,320$13,446,391$11,539,096$22,369,294
67$24,458,085$14,041,292$11,861,683$24,437,232
68$26,886,822$14,663,327$12,193,062$26,709,266
69$29,561,212$15,313,765$12,533,464$29,205,990
70$32,506,245$15,993,929$12,883,125$31,950,088
71$35,749,461$16,705,210$13,242,288$34,966,549
72$39,321,203$17,449,062$13,611,201$38,282,904
73$43,254,909$18,227,010$13,990,120$41,929,485
74$47,587,427$19,040,650$14,379,306$45,939,705
75$52,359,357$19,891,655$14,779,026$50,350,378
76$57,615,442$20,781,776$15,189,553$55,202,064
77$63,404,984$21,712,850$15,611,170$60,539,447
78$69,782,310$22,686,798$16,044,163$66,411,761
79$76,807,290$23,705,635$16,488,826$72,873,251
80$84,545,894$24,771,472$16,945,462$79,983,682
81$93,070,820$25,886,519$17,414,380$87,808,905
82$102,462,177$27,053,092$17,895,895$96,421,473
83$112,808,245$28,273,618$18,390,333$105,901,330
84$124,206,301$29,550,641$18,898,024$116,336,560
85$136,763,544$30,886,823$19,419,309$127,824,216
86$150,598,105$32,284,957$19,954,535$140,471,240
87$165,840,159$33,747,967$20,504,059$154,395,463
88$182,633,155$35,278,917$21,068,245$169,726,725
89$201,135,171$36,881,018$21,647,466$186,608,088
90$221,520,407$38,557,636$22,242,104$205,197,194
91$243,980,823$40,312,296$22,852,550$225,667,745
92$268,727,961$42,148,692$23,479,204$248,211,145
93$295,994,931$44,070,696$24,122,475$273,038,302
94$326,038,619$46,082,364$24,782,782$300,381,615
95$359,142,107$48,187,949$25,460,555$330,497,173
96$395,617,349$50,391,906$26,156,230$363,667,159
97$435,808,112$52,698,903$26,870,257$400,202,524
98$480,093,223$55,113,833$27,603,095$440,445,907
99$528,890,145$57,641,824$28,355,212$484,774,878
100$582,658,917$60,288,250$29,127,089$533,605,494