Can I retire at age 57 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$718,438$712,038$705,795$699,701$693,750$669,668
2 years$355,662$349,038$342,619$336,395$330,357$306,344
3 years$234,753$228,100$221,697$215,531$209,592$186,402
4 years$174,310$167,678$161,339$155,278$149,483$127,294
5 years$138,054$131,462$125,205$119,269$113,635$92,504
6 years$113,891$107,348$101,185$95,380$89,915$69,860
7 years$96,638$90,151$84,085$78,417$73,125$54,142
8 years$83,705$77,276$71,311$65,782$60,664$42,737
9 years$73,651$67,283$61,420$56,032$51,088$34,195
10 years$65,612$59,306$53,547$48,300$43,530$27,642
11 years$59,040$52,797$47,142$42,035$37,437$22,523
12 years$53,566$47,388$41,837$36,871$32,442$18,467
13 years$48,939$42,825$37,379$32,551$28,290$15,217
14 years$44,976$38,926$33,585$28,895$24,799$12,589
15 years$41,544$35,560$30,323$25,770$21,835$10,449
16 years$38,544$32,626$27,492$23,074$19,298$8,696
17 years$35,900$30,047$25,017$20,732$17,111$7,253
18 years$33,553$27,765$22,837$18,683$15,214$6,060
19 years$31,454$25,732$20,906$16,882$13,561$5,071
20 years$29,569$23,911$19,187$15,290$12,113$4,249
21 years$27,864$22,273$17,648$13,877$10,839$3,563
22 years$26,317$20,791$16,265$12,617$9,716$2,991
23 years$24,907$19,445$15,018$11,491$8,722$2,512
24 years$23,616$18,219$13,889$10,480$7,839$2,112
25 years$22,430$17,097$12,864$9,571$7,054$1,776
26 years$21,337$16,069$11,931$8,751$6,354$1,494
27 years$20,327$15,123$11,079$8,010$5,729$1,257
28 years$19,390$14,250$10,299$7,339$5,169$1,058
29 years$18,520$13,443$9,584$6,730$4,668$891
30 years$17,709$12,696$8,928$6,177$4,217$751
31 years$16,953$12,002$8,323$5,673$3,813$632
32 years$16,244$11,356$7,765$5,213$3,449$533
33 years$15,580$10,754$7,251$4,794$3,121$449
34 years$14,957$10,193$6,775$4,411$2,826$378
35 years$14,370$9,668$6,334$4,061$2,560$319
36 years$13,818$9,176$5,925$3,740$2,319$269
37 years$13,296$8,715$5,546$3,446$2,102$226
38 years$12,803$8,282$5,193$3,176$1,906$191
39 years$12,336$7,876$4,866$2,928$1,728$161
40 years$11,894$7,493$4,561$2,701$1,567$136
41 years$11,475$7,133$4,276$2,492$1,422$114
42 years$11,076$6,793$4,011$2,300$1,290$96
43 years$10,697$6,472$3,764$2,123$1,171$81
44 years$10,337$6,169$3,533$1,960$1,063$69
45 years$9,993$5,883$3,318$1,810$965$58
46 years$9,665$5,612$3,116$1,672$876$49
47 years$9,353$5,356$2,927$1,545$796$41
48 years$9,054$5,113$2,751$1,428$723$35
49 years$8,768$4,883$2,586$1,319$656$29
50 years$8,494$4,664$2,431$1,219$596$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,700,000, adding $5,019 every year, while hoping to spend $23,245 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: 45/46/9 Blend
56$8,700,000$8,700,000$8,700,000$8,700,000
57$9,592,577$9,131,477$8,996,627$9,999,713
58$10,546,287$9,554,187$9,273,282$10,704,503
59$11,596,497$9,996,831$9,558,425$11,465,473
60$12,753,025$10,460,360$9,852,317$12,290,061
61$14,026,689$10,945,774$10,155,226$13,184,137
62$15,429,412$11,454,117$10,467,426$14,154,144
63$16,974,331$11,986,488$10,789,204$15,207,152
64$18,675,922$12,544,035$11,120,852$16,350,923
65$20,550,137$13,127,963$11,462,671$17,593,976
66$22,614,554$13,739,536$11,814,973$18,945,668
67$24,888,542$14,380,078$12,178,079$20,416,271
68$27,393,448$15,050,976$12,552,319$22,017,073
69$30,152,792$15,753,686$12,938,033$23,760,470
70$33,192,493$16,489,733$13,335,574$25,660,085
71$36,541,113$17,260,715$13,745,301$27,730,887
72$40,230,126$18,068,310$14,167,589$29,989,328
73$44,294,216$18,914,275$14,602,820$32,453,491
74$48,771,603$19,800,451$15,051,391$35,143,255
75$53,704,403$20,728,770$15,513,710$38,080,476
76$59,139,029$21,701,257$15,990,196$41,289,186
77$65,126,626$22,720,034$16,481,283$44,795,811
78$71,723,553$23,787,327$16,987,418$48,629,417
79$78,991,918$24,905,468$17,509,059$52,821,971
80$87,000,162$26,076,904$18,046,680$57,408,638
81$95,823,705$27,304,199$18,600,771$62,428,101
82$105,545,660$28,590,042$19,171,834$67,922,920
83$116,257,614$29,937,251$19,760,387$73,939,922
84$128,060,496$31,348,782$20,366,965$80,530,633
85$141,065,527$32,827,733$20,992,119$87,751,754
86$155,395,271$34,377,352$21,636,416$95,665,685
87$171,184,793$36,001,046$22,300,439$104,341,103
88$188,582,931$37,702,386$22,984,793$113,853,596
89$207,753,703$39,485,117$23,690,097$124,286,366
90$228,877,856$41,353,163$24,416,991$135,730,998
91$252,154,572$43,310,642$25,166,134$148,288,315
92$277,803,344$45,361,869$25,938,206$162,069,310
93$306,066,055$47,511,371$26,733,905$177,196,180
94$337,209,255$49,763,891$27,553,954$193,803,466
95$371,526,683$52,124,405$28,399,095$212,039,302
96$409,342,033$54,598,130$29,270,093$232,066,797
97$451,012,018$57,190,536$30,167,739$254,065,557
98$496,929,730$59,907,358$31,092,844$278,233,361
99$547,528,355$62,754,611$32,046,247$304,788,005
100$603,285,261$65,738,600$33,028,810$333,969,341