Can I retire at age 57 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$734,954$728,407$722,020$715,786$709,698$695,939
2 years$363,838$357,062$350,495$344,128$337,952$324,145
3 years$240,150$233,344$226,794$220,486$214,410$200,987
4 years$178,317$171,533$165,048$158,848$152,919$139,982
5 years$141,228$134,484$128,084$122,010$116,247$103,834
6 years$116,509$109,816$103,511$97,573$91,982$80,106
7 years$98,860$92,223$86,018$80,220$74,806$63,470
8 years$85,629$79,052$72,950$67,294$62,059$51,260
9 years$75,344$68,829$62,832$57,320$52,263$41,994
10 years$67,121$60,670$54,778$49,410$44,530$34,782
11 years$60,397$54,011$48,226$43,002$38,298$29,058
12 years$54,798$48,477$42,799$37,718$33,188$24,444
13 years$50,064$43,809$38,238$33,300$28,940$20,678
14 years$46,010$39,821$34,357$29,560$25,369$17,573
15 years$42,499$36,377$31,020$26,362$22,337$14,991
16 years$39,430$33,376$28,124$23,604$19,741$12,829
17 years$36,726$30,738$25,592$21,208$17,504$11,008
18 years$34,324$28,403$23,362$19,113$15,564$9,466
19 years$32,178$26,324$21,387$17,270$13,872$8,156
20 years$30,248$24,461$19,628$15,642$12,391$7,039
21 years$28,505$22,785$18,054$14,196$11,089$6,083
22 years$26,922$21,269$16,639$12,907$9,939$5,264
23 years$25,479$19,892$15,363$11,755$8,922$4,559
24 years$24,159$18,638$14,209$10,721$8,019$3,952
25 years$22,946$17,490$13,160$9,791$7,216$3,429
26 years$21,828$16,438$12,205$8,952$6,500$2,976
27 years$20,794$15,470$11,334$8,194$5,860$2,585
28 years$19,836$14,578$10,536$7,508$5,288$2,247
29 years$18,946$13,752$9,805$6,885$4,775$1,953
30 years$18,117$12,988$9,133$6,319$4,314$1,699
31 years$17,342$12,278$8,514$5,803$3,901$1,478
32 years$16,618$11,617$7,944$5,333$3,528$1,286
33 years$15,939$11,002$7,417$4,904$3,193$1,119
34 years$15,301$10,427$6,930$4,512$2,891$975
35 years$14,701$9,890$6,479$4,154$2,619$849
36 years$14,135$9,387$6,061$3,826$2,373$739
37 years$13,602$8,915$5,673$3,525$2,150$644
38 years$13,097$8,473$5,313$3,249$1,949$561
39 years$12,620$8,057$4,977$2,996$1,768$489
40 years$12,168$7,665$4,665$2,763$1,604$426
41 years$11,739$7,297$4,375$2,549$1,455$371
42 years$11,331$6,949$4,104$2,353$1,320$323
43 years$10,943$6,621$3,851$2,172$1,198$282
44 years$10,574$6,311$3,614$2,005$1,087$246
45 years$10,223$6,018$3,394$1,852$987$214
46 years$9,888$5,741$3,188$1,711$896$187
47 years$9,568$5,479$2,995$1,580$814$163
48 years$9,262$5,230$2,814$1,460$739$142
49 years$8,969$4,995$2,645$1,350$671$124
50 years$8,690$4,771$2,487$1,248$610$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $8,900,000, adding $2,183 every year, while hoping to spend $41,273 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: 22/48/30 Blend
56$8,900,000$8,900,000$8,900,000$8,900,000
57$9,810,052$9,338,352$9,200,402$9,932,854
58$10,766,763$9,752,017$9,464,701$10,457,620
59$11,819,675$10,184,568$9,736,471$11,015,026
60$12,978,558$10,636,888$10,015,919$11,610,460
61$14,254,175$11,109,899$10,303,256$12,247,062
62$15,658,386$11,604,570$10,598,700$12,928,264
63$17,204,261$12,121,913$10,902,477$13,657,812
64$18,906,200$12,662,992$11,214,814$14,439,804
65$20,780,071$13,228,916$11,535,948$15,278,721
66$22,843,357$13,820,853$11,866,122$16,179,463
67$25,115,326$14,440,021$12,205,584$17,147,392
68$27,617,208$15,087,700$12,554,589$18,188,379
69$30,372,394$15,765,229$12,913,399$19,308,850
70$33,406,665$16,474,011$13,282,284$20,515,847
71$36,748,423$17,215,517$13,661,519$21,817,080
72$40,428,971$17,991,286$14,051,389$23,221,002
73$44,482,800$18,802,932$14,452,184$24,736,878
74$48,947,916$19,652,146$14,864,203$26,374,867
75$53,866,202$20,540,700$15,287,752$28,146,110
76$59,283,809$21,470,449$15,723,147$30,062,827
77$65,251,595$22,443,339$16,170,709$32,138,429
78$71,825,602$23,461,406$16,630,772$34,387,630
79$79,067,585$24,526,786$17,103,674$36,826,585
80$87,045,597$25,641,717$17,589,766$39,473,025
81$95,834,629$26,808,543$18,089,405$42,346,425
82$105,517,320$28,029,721$18,602,959$45,468,169
83$116,184,734$29,307,824$19,130,804$48,861,749
84$127,937,220$30,645,550$19,673,330$52,552,972
85$140,885,361$32,045,727$20,230,931$56,570,194
86$155,151,017$33,511,317$20,804,016$60,944,578
87$170,868,473$35,045,424$21,393,003$65,710,371
88$188,185,710$36,651,302$21,998,321$70,905,223
89$207,265,797$38,332,361$22,620,410$76,570,521
90$228,288,435$40,092,173$23,259,720$82,751,771
91$251,451,651$41,934,485$23,916,716$89,499,012
92$276,973,664$43,863,220$24,591,872$96,867,274
93$305,094,953$45,882,492$25,285,674$104,917,079
94$336,080,517$47,996,613$25,998,623$113,715,001
95$370,222,384$50,210,102$26,731,231$123,334,272
96$407,842,364$52,527,693$27,484,024$133,855,461
97$449,295,086$54,954,351$28,257,539$145,367,210
98$494,971,349$57,495,278$29,052,331$157,967,056
99$545,301,808$60,155,929$29,868,966$171,762,329
100$600,761,040$62,942,017$30,708,024$186,871,143