Can I retire at age 57 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$685,406$679,301$673,344$667,531$661,854$635,594
2 years$339,310$332,991$326,866$320,928$315,168$289,038
3 years$223,960$217,613$211,504$205,622$199,956$174,777
4 years$166,296$159,969$153,921$148,139$142,610$118,575
5 years$131,707$125,417$119,449$113,785$108,410$85,579
6 years$108,655$102,413$96,532$90,995$85,781$64,169
7 years$92,195$86,006$80,219$74,812$69,763$49,363
8 years$79,857$73,723$68,032$62,758$57,875$38,665
9 years$70,265$64,189$58,596$53,456$48,739$30,691
10 years$62,596$56,580$51,085$46,079$41,528$24,606
11 years$56,325$50,370$44,975$40,103$35,716$19,880
12 years$51,104$45,209$39,914$35,176$30,950$16,159
13 years$46,689$40,856$35,660$31,055$26,989$13,197
14 years$42,908$37,137$32,041$27,567$23,659$10,820
15 years$39,634$33,925$28,929$24,585$20,831$8,898
16 years$36,772$31,126$26,228$22,013$18,411$7,335
17 years$34,250$28,665$23,867$19,779$16,324$6,059
18 years$32,010$26,488$21,787$17,824$14,515$5,014
19 years$30,008$24,549$19,945$16,106$12,937$4,154
20 years$28,209$22,812$18,305$14,587$11,556$3,446
21 years$26,583$21,249$16,837$13,239$10,341$2,861
22 years$25,107$19,835$15,518$12,037$9,269$2,377
23 years$23,762$18,551$14,328$10,962$8,321$1,977
24 years$22,530$17,381$13,251$9,998$7,479$1,644
25 years$21,399$16,311$12,273$9,131$6,730$1,368
26 years$20,356$15,330$11,382$8,349$6,062$1,139
27 years$19,392$14,427$10,570$7,642$5,465$949
28 years$18,499$13,595$9,826$7,002$4,931$790
29 years$17,669$12,825$9,144$6,421$4,453$658
30 years$16,895$12,112$8,517$5,893$4,024$549
31 years$16,173$11,450$7,940$5,412$3,638$457
32 years$15,497$10,834$7,408$4,974$3,291$381
33 years$14,864$10,260$6,917$4,574$2,978$318
34 years$14,269$9,724$6,463$4,208$2,696$265
35 years$13,710$9,223$6,042$3,874$2,442$221
36 years$13,182$8,754$5,653$3,568$2,213$184
37 years$12,685$8,314$5,291$3,287$2,005$154
38 years$12,214$7,902$4,955$3,030$1,818$128
39 years$11,769$7,514$4,642$2,794$1,649$107
40 years$11,347$7,149$4,351$2,577$1,495$89
41 years$10,947$6,805$4,080$2,377$1,357$74
42 years$10,567$6,481$3,827$2,194$1,231$62
43 years$10,206$6,175$3,591$2,025$1,117$52
44 years$9,862$5,886$3,371$1,870$1,014$43
45 years$9,534$5,613$3,165$1,727$921$36
46 years$9,221$5,354$2,973$1,595$836$30
47 years$8,923$5,110$2,793$1,474$759$25
48 years$8,637$4,878$2,624$1,362$689$21
49 years$8,365$4,658$2,467$1,259$626$17
50 years$8,104$4,450$2,319$1,163$569$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,300,000, adding $2,748 every year, while hoping to spend $59,011 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: 50/41/9 Blend
56$8,300,000$8,300,000$8,300,000$8,300,000
57$9,149,435$8,709,535$8,580,885$9,585,163
58$10,019,890$9,073,515$8,805,557$10,247,089
59$10,977,153$9,453,352$9,035,778$10,959,466
60$12,030,018$9,849,761$9,271,671$11,732,179
61$13,188,170$10,263,490$9,513,363$12,570,898
62$14,462,283$10,695,320$9,760,980$13,481,853
63$15,864,117$11,146,072$10,014,654$14,471,889
64$17,406,628$11,616,601$10,274,516$15,548,525
65$19,104,093$12,107,803$10,540,702$16,720,025
66$20,972,242$12,620,617$10,813,347$17,995,473
67$23,028,408$13,156,024$11,092,591$19,384,856
68$25,291,688$13,715,052$11,378,575$20,899,149
69$27,783,125$14,298,774$11,671,442$22,550,426
70$30,525,908$14,908,318$11,971,339$24,351,958
71$33,545,584$15,544,859$12,278,413$26,318,345
72$36,870,307$16,209,631$12,592,813$28,465,643
73$40,531,100$16,903,924$12,914,693$30,811,514
74$44,562,143$17,629,087$13,244,207$33,375,387
75$49,001,105$18,386,536$13,581,511$36,178,641
76$53,889,489$19,177,748$13,926,763$39,244,795
77$59,273,033$20,004,273$14,280,125$42,599,732
78$65,202,132$20,867,733$14,641,760$46,271,933
79$71,732,322$21,769,824$15,011,831$50,292,743
80$78,924,798$22,712,325$15,390,507$54,696,661
81$86,846,994$23,697,095$15,777,955$59,521,659
82$95,573,217$24,726,082$16,174,347$64,809,535
83$105,185,352$25,801,327$16,579,854$70,606,300
84$115,773,630$26,924,964$16,994,651$76,962,607
85$127,437,482$28,099,230$17,418,914$83,934,220
86$140,286,479$29,326,465$17,852,821$91,582,537
87$154,441,359$30,609,121$18,296,550$99,975,157
88$170,035,176$31,949,766$18,750,282$109,186,512
89$187,214,547$33,351,088$19,214,200$119,298,563
90$206,141,041$34,815,902$19,688,486$130,401,562
91$226,992,702$36,347,156$20,173,325$142,594,897
92$249,965,728$37,947,937$20,668,902$155,988,018
93$275,276,326$39,621,479$21,175,404$170,701,464
94$303,162,749$41,371,169$21,693,017$186,867,987
95$333,887,546$43,200,553$22,221,930$204,633,795
96$367,740,042$45,113,347$22,762,331$224,159,921
97$405,039,065$47,113,440$23,314,408$245,623,730
98$446,135,960$49,204,908$23,878,350$269,220,585
99$491,417,899$51,392,019$24,454,346$295,165,671
100$541,311,542$53,679,246$25,042,584$323,696,019