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

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$660,633$654,748$649,007$643,403$637,931$621,753
2 years$327,046$320,955$315,052$309,328$303,777$287,582
3 years$215,865$209,748$203,859$198,190$192,728$177,024
4 years$160,285$154,187$148,357$142,785$137,456$122,363
5 years$126,946$120,884$115,131$109,672$104,492$90,052
6 years$104,727$98,711$93,043$87,706$82,681$68,908
7 years$88,863$82,897$77,319$72,108$67,241$54,138
8 years$76,970$71,058$65,573$60,489$55,783$43,342
9 years$67,725$61,869$56,478$51,524$46,978$35,189
10 years$60,333$54,535$49,239$44,414$40,027$28,877
11 years$54,289$48,549$43,349$38,653$34,425$23,896
12 years$49,256$43,575$38,471$33,904$29,832$19,906
13 years$45,001$39,379$34,371$29,932$26,014$16,671
14 years$41,357$35,794$30,883$26,571$22,804$14,024
15 years$38,201$32,699$27,883$23,696$20,078$11,839
16 years$35,443$30,001$25,280$21,217$17,745$10,024
17 years$33,012$27,629$23,004$19,064$15,734$8,508
18 years$30,853$25,531$21,000$17,180$13,990$7,237
19 years$28,924$23,662$19,224$15,524$12,470$6,166
20 years$27,189$21,988$17,643$14,060$11,138$5,262
21 years$25,622$20,481$16,228$12,760$9,967$4,495
22 years$24,200$19,118$14,957$11,602$8,934$3,845
23 years$22,903$17,881$13,810$10,566$8,020$3,291
24 years$21,716$16,753$12,772$9,637$7,208$2,820
25 years$20,625$15,722$11,829$8,801$6,487$2,417
26 years$19,620$14,776$10,971$8,047$5,843$2,073
27 years$18,691$13,906$10,188$7,366$5,268$1,779
28 years$17,830$13,103$9,471$6,749$4,753$1,527
29 years$17,030$12,362$8,813$6,189$4,292$1,312
30 years$16,285$11,674$8,209$5,680$3,878$1,127
31 years$15,589$11,036$7,653$5,216$3,506$968
32 years$14,937$10,442$7,141$4,794$3,172$832
33 years$14,327$9,889$6,667$4,408$2,870$715
34 years$13,753$9,373$6,229$4,056$2,599$615
35 years$13,214$8,890$5,824$3,734$2,354$529
36 years$12,706$8,438$5,448$3,439$2,133$455
37 years$12,226$8,014$5,100$3,168$1,933$391
38 years$11,773$7,616$4,775$2,920$1,752$336
39 years$11,344$7,242$4,474$2,693$1,589$289
40 years$10,937$6,890$4,194$2,484$1,441$249
41 years$10,552$6,559$3,932$2,291$1,308$214
42 years$10,185$6,246$3,689$2,115$1,187$184
43 years$9,837$5,952$3,461$1,952$1,077$158
44 years$9,505$5,673$3,249$1,803$977$136
45 years$9,189$5,410$3,051$1,665$887$117
46 years$8,888$5,161$2,865$1,538$806$101
47 years$8,600$4,925$2,692$1,421$732$87
48 years$8,325$4,702$2,530$1,313$664$75
49 years$8,062$4,490$2,378$1,213$603$64
50 years$7,811$4,289$2,235$1,121$548$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,000,000, adding $4,630 every year, while hoping to spend $25,193 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: 87/6/7 Blend
56$8,000,000$8,000,000$8,000,000$8,000,000
57$8,820,776$8,396,776$8,272,776$9,583,369
58$9,693,690$8,781,413$8,523,109$10,465,555
59$10,654,797$9,184,052$8,780,983$11,431,084
60$11,713,065$9,605,550$9,046,626$12,491,517
61$12,878,379$10,046,804$9,320,269$13,656,404
62$14,161,628$10,508,751$9,602,152$14,936,261
63$15,574,813$10,992,379$9,892,523$16,342,674
64$17,131,156$11,498,718$10,191,635$17,888,404
65$18,845,230$12,028,851$10,499,750$19,587,507
66$20,733,090$12,583,911$10,817,138$21,455,470
67$22,812,429$13,165,087$11,144,077$23,509,349
68$25,102,745$13,773,624$11,480,851$25,767,937
69$27,625,522$14,410,828$11,827,756$28,251,934
70$30,404,434$15,078,068$12,185,095$30,984,148
71$33,465,570$15,776,777$12,553,180$33,989,703
72$36,837,679$16,508,459$12,932,332$37,296,279
73$40,552,439$17,274,690$13,322,882$40,934,371
74$44,644,760$18,077,123$13,725,171$44,937,578
75$49,153,110$18,917,487$14,139,549$49,342,916
76$54,119,883$19,797,599$14,566,379$54,191,166
77$59,591,790$20,719,360$15,006,032$59,527,264
78$65,620,310$21,684,766$15,458,891$65,400,715
79$72,262,168$22,695,907$15,925,351$71,866,065
80$79,579,877$23,754,974$16,405,818$78,983,415
81$87,642,321$24,864,265$16,900,710$86,818,981
82$96,525,412$26,026,187$17,410,457$95,445,727
83$106,312,801$27,243,267$17,935,504$104,944,042
84$117,096,669$28,518,150$18,476,307$115,402,507
85$128,978,602$29,853,612$19,033,335$126,918,720
86$142,070,540$31,252,560$19,607,073$139,600,226
87$156,495,844$32,718,044$20,198,019$153,565,520
88$172,390,454$34,253,262$20,806,686$168,945,174
89$189,904,173$35,861,564$21,433,602$185,883,059
90$209,202,082$37,546,465$22,079,312$204,537,706
91$230,466,101$39,311,648$22,744,375$225,083,800
92$253,896,700$41,160,975$23,429,368$247,713,826
93$279,714,796$43,098,495$24,134,885$272,639,883
94$308,163,837$45,128,454$24,861,536$300,095,688
95$339,512,103$47,255,302$25,609,951$330,338,774
96$374,055,231$49,483,706$26,380,779$363,652,924
97$412,119,014$51,818,557$27,174,685$400,350,845
98$454,062,474$54,264,986$27,992,356$440,777,115
99$500,281,246$56,828,371$28,834,500$485,311,440
100$551,211,322$59,514,350$29,701,845$534,372,228