Can I retire at age 57 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$710,180$703,854$697,682$691,658$685,776$663,028
2 years$351,574$345,026$338,681$332,528$326,560$303,863
3 years$232,055$225,479$219,149$213,054$207,183$185,249
4 years$172,307$165,751$159,484$153,493$147,765$126,761
5 years$136,467$129,951$123,766$117,898$112,328$92,312
6 years$112,582$106,114$100,022$94,284$88,882$69,868
7 years$95,528$89,115$83,118$77,516$72,285$54,272
8 years$82,743$76,388$70,491$65,026$59,967$42,941
9 years$72,804$66,509$60,714$55,388$50,501$34,442
10 years$64,858$58,625$52,932$47,745$43,029$27,912
11 years$58,361$52,190$46,600$41,552$37,007$22,802
12 years$52,951$46,843$41,357$36,447$32,069$18,746
13 years$48,376$42,332$36,949$32,177$27,965$15,489
14 years$44,459$38,479$33,199$28,563$24,514$12,850
15 years$41,066$35,151$29,974$25,473$21,584$10,696
16 years$38,101$32,251$27,176$22,809$19,076$8,927
17 years$35,488$29,702$24,729$20,493$16,914$7,468
18 years$33,167$27,446$22,575$18,469$15,039$6,258
19 years$31,093$25,436$20,666$16,688$13,405$5,253
20 years$29,229$23,637$18,966$15,114$11,973$4,414
21 years$27,544$22,017$17,445$13,717$10,715$3,714
22 years$26,015$20,552$16,078$12,472$9,604$3,127
23 years$24,621$19,222$14,846$11,359$8,621$2,635
24 years$23,344$18,009$13,730$10,360$7,749$2,222
25 years$22,172$16,901$12,716$9,461$6,973$1,874
26 years$21,092$15,884$11,794$8,651$6,281$1,582
27 years$20,093$14,949$10,952$7,918$5,663$1,336
28 years$19,168$14,086$10,181$7,255$5,110$1,128
29 years$18,307$13,289$9,474$6,653$4,614$953
30 years$17,506$12,550$8,825$6,106$4,169$805
31 years$16,758$11,864$8,227$5,607$3,769$681
32 years$16,058$11,225$7,676$5,153$3,409$575
33 years$15,401$10,631$7,167$4,739$3,086$486
34 years$14,785$10,076$6,697$4,360$2,794$411
35 years$14,205$9,556$6,261$4,014$2,530$348
36 years$13,659$9,070$5,857$3,697$2,293$294
37 years$13,143$8,615$5,482$3,406$2,078$249
38 years$12,656$8,187$5,134$3,139$1,884$210
39 years$12,195$7,785$4,810$2,895$1,708$178
40 years$11,758$7,407$4,508$2,670$1,549$150
41 years$11,343$7,051$4,227$2,463$1,406$127
42 years$10,949$6,715$3,965$2,273$1,276$108
43 years$10,575$6,398$3,721$2,099$1,158$91
44 years$10,218$6,099$3,493$1,938$1,051$77
45 years$9,878$5,816$3,279$1,790$954$65
46 years$9,554$5,548$3,080$1,653$866$55
47 years$9,245$5,294$2,894$1,527$786$47
48 years$8,950$5,054$2,719$1,411$714$39
49 years$8,667$4,826$2,556$1,304$649$33
50 years$8,397$4,610$2,403$1,205$589$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,600,000, adding $2,630 every year, while hoping to spend $46,016 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: 48/40/12 Blend
56$8,600,000$8,600,000$8,600,000$8,600,000
57$9,479,913$9,024,113$8,890,813$9,903,454
58$10,397,903$9,417,334$9,139,694$10,588,647
59$11,407,986$9,828,280$9,395,371$11,327,194
60$12,519,507$10,257,772$9,658,022$12,128,049
61$13,742,762$10,706,668$9,927,831$12,997,039
62$15,089,097$11,175,868$10,204,986$13,940,568
63$16,571,011$11,666,312$10,489,680$14,965,666
64$18,202,280$12,178,987$10,782,110$16,080,059
65$19,998,081$12,714,925$11,082,479$17,292,232
66$21,975,137$13,275,208$11,390,994$18,611,511
67$24,151,876$13,860,969$11,707,867$20,048,146
68$26,548,604$14,473,393$12,033,317$21,613,403
69$29,187,695$15,113,722$12,367,567$23,319,665
70$32,093,804$15,783,259$12,710,844$25,180,548
71$35,294,098$16,483,365$13,063,384$27,211,025
72$38,818,514$17,215,468$13,425,426$29,427,559
73$42,700,040$17,981,063$13,797,215$31,848,257
74$46,975,026$18,781,717$14,179,003$34,493,035
75$51,683,527$19,619,070$14,571,048$37,383,802
76$56,869,683$20,494,840$14,973,614$40,544,660
77$62,582,130$21,410,827$15,386,970$44,002,125
78$68,874,468$22,368,918$15,811,394$47,785,373
79$75,805,756$23,371,087$16,247,168$51,926,510
80$83,441,077$24,419,404$16,694,582$56,460,867
81$91,852,150$25,516,038$17,153,934$61,427,326
82$101,118,005$26,663,260$17,625,526$66,868,682
83$111,325,730$27,863,448$18,109,670$72,832,038
84$122,571,295$29,119,097$18,606,684$79,369,246
85$134,960,453$30,432,819$19,116,894$86,537,379
86$148,609,742$31,807,350$19,640,633$94,399,273
87$163,647,583$33,245,558$20,178,242$103,024,102
88$180,215,493$34,750,447$20,730,069$112,488,028
89$198,469,419$36,325,164$21,296,472$122,874,906
90$218,581,212$37,973,010$21,877,816$134,277,067
91$240,740,247$39,697,438$22,474,475$146,796,180
92$265,155,212$41,502,073$23,086,829$160,544,200
93$292,056,076$43,390,707$23,715,270$175,644,412
94$321,696,262$45,367,317$24,360,198$192,232,586
95$354,355,037$47,436,072$25,022,020$210,458,242
96$390,340,148$49,601,336$25,701,155$230,486,050
97$429,990,728$51,867,687$26,398,029$252,497,372
98$473,680,498$54,239,919$27,113,079$276,691,957
99$521,821,292$56,723,059$27,846,750$303,289,814
100$574,866,947$59,322,371$28,599,499$332,533,270