Can I retire at age 57 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$264,253$261,899$259,603$257,361$255,172$248,299
2 years$130,818$128,382$126,021$123,731$121,511$114,635
3 years$86,346$83,899$81,544$79,276$77,091$70,428
4 years$64,114$61,675$59,343$57,114$54,982$48,583
5 years$50,778$48,354$46,053$43,869$41,797$35,679
6 years$41,891$39,484$37,217$35,082$33,072$27,242
7 years$35,545$33,159$30,928$28,843$26,897$21,355
8 years$30,788$28,423$26,229$24,196$22,313$17,056
9 years$27,090$24,748$22,591$20,609$18,791$13,814
10 years$24,133$21,814$19,696$17,766$16,011$11,308
11 years$21,716$19,420$17,340$15,461$13,770$9,334
12 years$19,703$17,430$15,388$13,562$11,933$7,755
13 years$18,000$15,752$13,749$11,973$10,406$6,477
14 years$16,543$14,318$12,353$10,628$9,121$5,434
15 years$15,281$13,080$11,153$9,478$8,031$4,574
16 years$14,177$12,000$10,112$8,487$7,098$3,862
17 years$13,205$11,052$9,202$7,625$6,294$3,269
18 years$12,341$10,212$8,400$6,872$5,596$2,772
19 years$11,569$9,465$7,690$6,210$4,988$2,355
20 years$10,876$8,795$7,057$5,624$4,455$2,003
21 years$10,249$8,192$6,491$5,104$3,987$1,706
22 years$9,680$7,647$5,983$4,641$3,574$1,455
23 years$9,161$7,152$5,524$4,226$3,208$1,241
24 years$8,686$6,701$5,109$3,855$2,883$1,060
25 years$8,250$6,289$4,732$3,520$2,595$906
26 years$7,848$5,910$4,388$3,219$2,337$774
27 years$7,477$5,562$4,075$2,946$2,107$662
28 years$7,132$5,241$3,788$2,699$1,901$567
29 years$6,812$4,945$3,525$2,475$1,717$485
30 years$6,514$4,670$3,284$2,272$1,551$415
31 years$6,235$4,414$3,061$2,087$1,402$356
32 years$5,975$4,177$2,856$1,918$1,269$305
33 years$5,731$3,956$2,667$1,763$1,148$261
34 years$5,501$3,749$2,492$1,622$1,039$224
35 years$5,286$3,556$2,330$1,494$942$192
36 years$5,082$3,375$2,179$1,376$853$164
37 years$4,890$3,206$2,040$1,267$773$141
38 years$4,709$3,046$1,910$1,168$701$121
39 years$4,538$2,897$1,790$1,077$636$103
40 years$4,375$2,756$1,677$993$577$89
41 years$4,221$2,624$1,573$917$523$76
42 years$4,074$2,499$1,475$846$475$65
43 years$3,935$2,381$1,384$781$431$56
44 years$3,802$2,269$1,300$721$391$48
45 years$3,676$2,164$1,220$666$355$41
46 years$3,555$2,064$1,146$615$322$35
47 years$3,440$1,970$1,077$568$293$30
48 years$3,330$1,881$1,012$525$266$26
49 years$3,225$1,796$951$485$241$22
50 years$3,124$1,715$894$449$219$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $3,200,000, adding $3,125 every year, while hoping to spend $30,161 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: 64/18/18 Blend
56$3,200,000$3,200,000$3,200,000$3,200,000
57$3,529,623$3,360,023$3,310,423$3,739,392
58$3,857,554$3,492,574$3,389,232$4,013,194
59$4,217,923$3,630,608$3,469,669$4,308,463
60$4,614,006$3,774,363$3,551,758$4,630,311
61$5,049,414$3,924,086$3,635,522$4,981,335
62$5,528,125$4,080,037$3,720,982$5,364,394
63$6,054,520$4,242,485$3,808,161$5,782,633
64$6,633,426$4,411,712$3,897,080$6,239,514
65$7,270,164$4,588,014$3,987,760$6,738,848
66$7,970,592$4,771,698$4,080,222$7,284,831
67$8,741,169$4,963,088$4,174,486$7,882,081
68$9,589,009$5,162,520$4,270,571$8,535,684
69$10,521,949$5,370,345$4,368,497$9,251,237
70$11,548,628$5,586,931$4,468,281$10,034,906
71$12,678,561$5,812,664$4,569,942$10,893,477
72$13,922,234$6,047,945$4,673,495$11,834,426
73$15,291,202$6,293,194$4,778,957$12,865,984
74$16,798,195$6,548,851$4,886,342$13,997,215
75$18,457,240$6,815,374$4,995,665$15,238,102
76$20,283,796$7,093,245$5,106,937$16,599,639
77$22,294,894$7,382,964$5,220,169$18,093,937
78$24,509,301$7,685,057$5,335,373$19,734,333
79$26,947,698$8,000,074$5,452,557$21,535,518
80$29,632,873$8,328,587$5,571,727$23,513,673
81$32,589,936$8,671,198$5,692,890$25,686,622
82$35,846,556$9,028,533$5,816,049$28,073,999
83$39,433,224$9,401,250$5,941,205$30,697,434
84$43,383,537$9,790,036$6,068,359$33,580,752
85$47,734,517$10,195,607$6,197,509$36,750,198
86$52,526,962$10,618,716$6,328,650$40,234,689
87$57,805,828$11,060,149$6,461,775$44,066,077
88$63,620,653$11,520,727$6,596,876$48,279,455
89$70,026,027$12,001,310$6,733,938$52,913,484
90$77,082,106$12,502,798$6,872,949$58,010,758
91$84,855,177$13,026,131$7,013,889$63,618,203
92$93,418,288$13,572,295$7,156,738$69,787,520
93$102,851,935$14,142,319$7,301,470$76,575,672
94$113,244,821$14,737,281$7,448,058$84,045,417
95$124,694,694$15,358,309$7,596,469$92,265,902
96$137,309,270$16,006,583$7,746,667$101,313,314
97$151,207,247$16,683,337$7,898,613$111,271,593
98$166,519,429$17,389,864$8,052,259$122,233,230
99$183,389,959$18,127,516$8,207,558$134,300,131
100$201,977,678$18,897,707$8,364,454$147,584,581