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%16.9%
1 years$660,633$654,748$649,007$643,403$637,931$619,996
2 years$327,046$320,955$315,052$309,328$303,777$285,844
3 years$215,865$209,748$203,859$198,190$192,728$175,360
4 years$160,285$154,187$148,357$142,785$137,456$120,785
5 years$126,946$120,884$115,131$109,672$104,492$88,564
6 years$104,727$98,711$93,043$87,706$82,681$67,511
7 years$88,863$82,897$77,319$72,108$67,241$52,830
8 years$76,970$71,058$65,573$60,489$55,783$42,122
9 years$67,725$61,869$56,478$51,524$46,978$34,053
10 years$60,333$54,535$49,239$44,414$40,027$27,823
11 years$54,289$48,549$43,349$38,653$34,425$22,921
12 years$49,256$43,575$38,471$33,904$29,832$19,006
13 years$45,001$39,379$34,371$29,932$26,014$15,843
14 years$41,357$35,794$30,883$26,571$22,804$13,263
15 years$38,201$32,699$27,883$23,696$20,078$11,142
16 years$35,443$30,001$25,280$21,217$17,745$9,387
17 years$33,012$27,629$23,004$19,064$15,734$7,927
18 years$30,853$25,531$21,000$17,180$13,990$6,708
19 years$28,924$23,662$19,224$15,524$12,470$5,685
20 years$27,189$21,988$17,643$14,060$11,138$4,825
21 years$25,622$20,481$16,228$12,760$9,967$4,101
22 years$24,200$19,118$14,957$11,602$8,934$3,488
23 years$22,903$17,881$13,810$10,566$8,020$2,969
24 years$21,716$16,753$12,772$9,637$7,208$2,530
25 years$20,625$15,722$11,829$8,801$6,487$2,157
26 years$19,620$14,776$10,971$8,047$5,843$1,839
27 years$18,691$13,906$10,188$7,366$5,268$1,569
28 years$17,830$13,103$9,471$6,749$4,753$1,340
29 years$17,030$12,362$8,813$6,189$4,292$1,144
30 years$16,285$11,674$8,209$5,680$3,878$977
31 years$15,589$11,036$7,653$5,216$3,506$835
32 years$14,937$10,442$7,141$4,794$3,172$713
33 years$14,327$9,889$6,667$4,408$2,870$609
34 years$13,753$9,373$6,229$4,056$2,599$521
35 years$13,214$8,890$5,824$3,734$2,354$445
36 years$12,706$8,438$5,448$3,439$2,133$381
37 years$12,226$8,014$5,100$3,168$1,933$325
38 years$11,773$7,616$4,775$2,920$1,752$278
39 years$11,344$7,242$4,474$2,693$1,589$238
40 years$10,937$6,890$4,194$2,484$1,441$203
41 years$10,552$6,559$3,932$2,291$1,308$174
42 years$10,185$6,246$3,689$2,115$1,187$149
43 years$9,837$5,952$3,461$1,952$1,077$127
44 years$9,505$5,673$3,249$1,803$977$109
45 years$9,189$5,410$3,051$1,665$887$93
46 years$8,888$5,161$2,865$1,538$806$80
47 years$8,600$4,925$2,692$1,421$732$68
48 years$8,325$4,702$2,530$1,313$664$58
49 years$8,062$4,490$2,378$1,213$603$50
50 years$7,811$4,289$2,235$1,121$548$43

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 $3,264 every year, while hoping to spend $31,763 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: 79/9/12 Blend
56$8,000,000$8,000,000$8,000,000$8,000,000
57$8,819,367$8,395,367$8,271,367$9,496,086
58$9,685,147$8,772,944$8,514,662$10,318,945
59$10,638,171$9,167,958$8,765,043$11,217,070
60$11,687,307$9,581,230$9,022,714$12,201,497
61$12,842,321$10,013,619$9,287,884$13,280,838
62$14,113,979$10,466,027$9,560,769$14,464,577
63$15,514,140$10,939,398$9,841,590$15,763,155
64$17,055,875$11,434,721$10,130,576$17,188,073
65$18,753,584$11,953,033$10,427,960$18,751,994
66$20,623,137$12,495,419$10,733,984$20,468,867
67$22,682,020$13,063,017$11,048,896$22,354,053
68$24,949,502$13,657,021$11,372,949$24,424,472
69$27,446,815$14,278,679$11,706,407$26,698,758
70$30,197,357$14,929,301$12,049,539$29,197,439
71$33,226,910$15,610,259$12,402,620$31,943,122
72$36,563,883$16,322,991$12,765,937$34,960,714
73$40,239,585$17,069,003$13,139,782$38,277,648
74$44,288,513$17,849,875$13,524,455$41,924,144
75$48,748,683$18,667,260$13,920,266$45,933,493
76$53,661,987$19,522,894$14,327,533$50,342,367
77$59,074,588$20,418,594$14,746,583$55,191,168
78$65,037,355$21,356,264$15,177,753$60,524,403
79$71,606,344$22,337,900$15,621,387$66,391,106
80$78,843,329$23,365,595$16,077,840$72,845,296
81$86,816,379$24,441,540$16,547,479$79,946,487
82$95,600,509$25,568,034$17,030,679$87,760,246
83$105,278,378$26,747,486$17,527,824$96,358,813
84$115,941,079$27,982,419$18,039,313$105,821,778
85$127,688,991$29,275,479$18,565,551$116,236,829
86$140,632,731$30,629,440$19,106,960$127,700,582
87$154,894,195$32,047,208$19,663,969$140,319,485
88$170,607,711$33,531,830$20,237,020$154,210,824
89$187,921,307$35,086,499$20,826,570$169,503,827
90$206,998,106$36,714,563$21,433,085$186,340,879
91$228,017,865$38,419,529$22,057,046$204,878,867
92$251,178,678$40,205,077$22,698,948$225,290,653
93$276,698,838$42,075,060$23,359,297$247,766,708
94$304,818,903$44,033,521$24,038,617$272,516,902
95$335,803,962$46,084,695$24,737,442$299,772,484
96$369,946,144$48,233,023$25,456,324$329,788,262
97$407,567,369$50,483,159$26,195,829$362,845,005
98$449,022,390$52,839,984$26,956,539$399,252,086
99$494,702,143$55,308,612$27,739,052$439,350,403
100$545,037,434$57,894,406$28,543,982$483,515,591