Can I retire at age 57 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$701,922$695,670$689,570$683,616$677,802$652,198
2 years$347,486$341,015$334,743$328,661$322,763$297,264
3 years$229,356$222,857$216,601$210,577$204,774$180,183
4 years$170,303$163,823$157,630$151,709$146,047$122,551
5 years$134,880$128,439$122,327$116,527$111,022$88,683
6 years$111,273$104,880$98,859$93,187$87,848$66,680
7 years$94,417$88,078$82,152$76,614$71,444$51,441
8 years$81,781$75,500$69,671$64,270$59,270$40,413
9 years$71,958$65,736$60,008$54,744$49,914$32,177
10 years$64,104$57,943$52,316$47,190$42,529$25,880
11 years$57,683$51,583$46,058$41,069$36,576$20,978
12 years$52,335$46,298$40,876$36,023$31,696$17,108
13 years$47,814$41,840$36,520$31,803$27,640$14,021
14 years$43,942$38,032$32,813$28,231$24,229$11,535
15 years$40,589$34,743$29,626$25,177$21,333$9,520
16 years$37,658$31,876$26,860$22,544$18,854$7,877
17 years$35,075$29,356$24,442$20,255$16,717$6,531
18 years$32,781$27,126$22,312$18,254$14,864$5,424
19 years$30,731$25,141$20,426$16,494$13,249$4,511
20 years$28,889$23,362$18,746$14,939$11,834$3,757
21 years$27,224$21,761$17,242$13,558$10,590$3,131
22 years$25,712$20,313$15,892$12,327$9,493$2,612
23 years$24,334$18,998$14,673$11,226$8,521$2,180
24 years$23,073$17,800$13,570$10,239$7,659$1,821
25 years$21,914$16,704$12,569$9,351$6,892$1,521
26 years$20,847$15,699$11,657$8,550$6,208$1,272
27 years$19,860$14,775$10,824$7,826$5,597$1,063
28 years$18,945$13,922$10,063$7,170$5,050$889
29 years$18,094$13,134$9,364$6,575$4,560$744
30 years$17,302$12,404$8,722$6,035$4,121$623
31 years$16,563$11,726$8,132$5,542$3,725$521
32 years$15,871$11,095$7,587$5,093$3,370$436
33 years$15,222$10,507$7,084$4,684$3,050$365
34 years$14,613$9,958$6,619$4,310$2,761$306
35 years$14,040$9,445$6,188$3,967$2,501$256
36 years$13,500$8,965$5,789$3,654$2,266$214
37 years$12,990$8,515$5,418$3,366$2,054$179
38 years$12,509$8,092$5,074$3,103$1,862$150
39 years$12,053$7,695$4,754$2,861$1,688$126
40 years$11,621$7,321$4,456$2,639$1,531$105
41 years$11,211$6,969$4,178$2,435$1,389$88
42 years$10,822$6,637$3,919$2,247$1,261$74
43 years$10,452$6,324$3,678$2,074$1,144$62
44 years$10,099$6,028$3,452$1,915$1,039$52
45 years$9,763$5,748$3,241$1,769$943$43
46 years$9,443$5,483$3,044$1,634$856$36
47 years$9,138$5,233$2,860$1,509$777$30
48 years$8,846$4,995$2,688$1,395$706$25
49 years$8,566$4,770$2,526$1,289$641$21
50 years$8,299$4,557$2,375$1,191$582$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,500,000, adding $3,697 every year, while hoping to spend $20,966 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: 54/40/6 Blend
56$8,500,000$8,500,000$8,500,000$8,500,000
57$9,370,813$8,920,313$8,788,563$9,864,034
58$10,304,329$9,335,101$9,060,673$10,612,471
59$11,332,360$9,769,511$9,341,195$11,423,960
60$12,464,525$10,224,482$9,630,390$12,306,583
61$13,711,424$10,700,998$9,928,525$13,267,079
62$15,084,735$11,200,093$10,235,876$14,312,847
63$16,597,329$11,722,848$10,552,729$15,452,018
64$18,263,386$12,270,398$10,879,375$16,693,526
65$20,098,535$12,843,931$11,216,118$18,047,187
66$22,119,996$13,444,694$11,563,268$19,523,792
67$24,346,746$14,073,994$11,921,147$21,135,201
68$26,799,695$14,733,200$12,290,087$22,894,454
69$29,501,886$15,423,750$12,670,427$24,815,887
70$32,478,713$16,147,148$13,062,521$26,915,265
71$35,758,157$16,904,973$13,466,730$29,209,923
72$39,371,052$17,698,880$13,883,429$31,718,928
73$43,351,377$18,530,603$14,313,002$34,463,252
74$47,736,577$19,401,962$14,755,847$37,465,966
75$52,567,913$20,314,863$15,212,373$40,752,448
76$57,890,855$21,271,307$15,683,002$44,350,623
77$63,755,509$22,273,387$16,168,170$48,291,214
78$70,217,091$23,323,303$16,668,323$52,608,029
79$77,336,448$24,423,358$17,183,926$57,338,271
80$85,180,631$25,575,969$17,715,453$62,522,886
81$93,823,531$26,783,667$18,263,396$68,206,938
82$103,346,573$28,049,108$18,828,261$74,440,026
83$113,839,485$29,375,076$19,410,570$81,276,747
84$125,401,149$30,764,491$20,010,860$88,777,201
85$138,140,529$32,220,414$20,629,687$97,007,551
86$152,177,702$33,746,053$21,267,620$106,040,632
87$167,644,992$35,344,774$21,925,250$115,956,639
88$184,688,218$37,020,105$22,603,183$126,843,862
89$203,468,072$38,775,746$23,302,045$138,799,517
90$224,161,633$40,615,575$24,022,481$151,930,649
91$246,964,041$42,543,660$24,765,156$166,355,129
92$272,090,340$44,564,266$25,530,755$182,202,758
93$299,777,504$46,681,864$26,319,985$199,616,475
94$330,286,678$48,901,144$27,133,573$218,753,694
95$363,905,641$51,227,023$27,972,270$239,787,778
96$400,951,526$53,664,656$28,836,850$262,909,656
97$441,773,807$56,219,449$29,728,110$288,329,612
98$486,757,605$58,897,072$30,646,872$316,279,255
99$536,327,321$61,703,469$31,593,983$347,013,682
100$590,950,642$64,644,873$32,570,315$380,813,876