Can I retire at age 57 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$280,769$278,268$275,828$273,446$271,121$262,863
2 years$138,994$136,406$133,897$131,465$129,105$120,857
3 years$91,743$89,143$86,640$84,231$81,910$73,929
4 years$68,121$65,529$63,052$60,683$58,419$50,767
5 years$53,952$51,376$48,931$46,611$44,409$37,107
6 years$44,509$41,952$39,543$37,275$35,139$28,193
7 years$37,767$35,231$32,861$30,646$28,578$21,987
8 years$32,712$30,200$27,869$25,708$23,708$17,469
9 years$28,783$26,294$24,003$21,897$19,965$14,071
10 years$25,642$23,177$20,926$18,876$17,012$11,454
11 years$23,073$20,633$18,423$16,428$14,631$9,399
12 years$20,934$18,519$16,350$14,409$12,679$7,763
13 years$19,126$16,736$14,608$12,721$11,056$6,445
14 years$17,577$15,213$13,125$11,292$9,692$5,373
15 years$16,236$13,897$11,850$10,071$8,533$4,495
16 years$15,063$12,750$10,744$9,017$7,542$3,770
17 years$14,030$11,742$9,777$8,102$6,687$3,170
18 years$13,112$10,851$8,925$7,302$5,946$2,671
19 years$12,293$10,056$8,170$6,598$5,300$2,253
20 years$11,556$9,345$7,498$5,975$4,734$1,904
21 years$10,890$8,704$6,897$5,423$4,236$1,610
22 years$10,285$8,125$6,357$4,931$3,797$1,363
23 years$9,734$7,599$5,869$4,491$3,408$1,155
24 years$9,229$7,120$5,428$4,096$3,064$980
25 years$8,766$6,682$5,027$3,740$2,757$831
26 years$8,339$6,280$4,663$3,420$2,483$705
27 years$7,944$5,910$4,330$3,130$2,239$599
28 years$7,578$5,569$4,025$2,868$2,020$509
29 years$7,238$5,254$3,746$2,630$1,824$432
30 years$6,921$4,962$3,489$2,414$1,648$367
31 years$6,625$4,690$3,253$2,217$1,490$312
32 years$6,348$4,438$3,035$2,037$1,348$265
33 years$6,089$4,203$2,834$1,874$1,220$226
34 years$5,845$3,983$2,648$1,724$1,104$192
35 years$5,616$3,778$2,475$1,587$1,000$163
36 years$5,400$3,586$2,316$1,461$906$139
37 years$5,196$3,406$2,167$1,347$821$118
38 years$5,003$3,237$2,030$1,241$745$101
39 years$4,821$3,078$1,901$1,144$675$86
40 years$4,648$2,928$1,782$1,056$613$73
41 years$4,484$2,788$1,671$974$556$62
42 years$4,329$2,655$1,568$899$504$53
43 years$4,181$2,529$1,471$830$458$45
44 years$4,040$2,411$1,381$766$415$38
45 years$3,905$2,299$1,297$707$377$32
46 years$3,777$2,193$1,218$654$342$28
47 years$3,655$2,093$1,144$604$311$24
48 years$3,538$1,998$1,075$558$282$20
49 years$3,426$1,908$1,011$516$256$17
50 years$3,320$1,823$950$477$233$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $3,400,000, adding $6,167 every year, while hoping to spend $54,908 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: 50/23/27 Blend
56$3,400,000$3,400,000$3,400,000$3,400,000
57$3,753,161$3,572,961$3,520,261$3,911,898
58$4,077,562$3,689,615$3,579,768$4,140,013
59$4,433,211$3,810,144$3,639,429$4,381,835
60$4,823,239$3,934,681$3,699,189$4,643,598
61$5,251,091$4,063,362$3,758,994$4,927,219
62$5,720,564$4,196,328$3,818,782$5,234,808
63$6,235,840$4,333,727$3,878,490$5,568,685
64$6,801,526$4,475,710$3,938,049$5,931,406
65$7,422,694$4,622,432$3,997,387$6,325,786
66$8,104,936$4,774,058$4,056,426$6,754,921
67$8,854,407$4,930,755$4,115,084$7,222,223
68$9,677,892$5,092,697$4,173,275$7,731,446
69$10,582,863$5,260,065$4,230,905$8,286,726
70$11,577,552$5,433,046$4,287,878$8,892,618
71$12,671,029$5,611,832$4,344,089$9,554,135
72$13,873,287$5,796,625$4,399,429$10,276,803
73$15,195,335$5,987,632$4,453,782$11,066,705
74$16,649,301$6,185,068$4,507,025$11,930,542
75$18,248,549$6,389,155$4,559,030$12,875,695
76$20,007,802$6,600,125$4,609,659$13,910,295
77$21,943,283$6,818,216$4,658,768$15,043,296
78$24,072,866$7,043,677$4,706,204$16,284,567
79$26,416,244$7,276,763$4,751,808$17,644,974
80$28,995,117$7,517,740$4,795,409$19,136,493
81$31,833,394$7,766,885$4,836,831$20,772,313
82$34,957,420$8,024,482$4,875,884$22,566,967
83$38,396,223$8,290,827$4,912,372$24,536,466
84$42,181,787$8,566,227$4,946,087$26,698,451
85$46,349,358$8,851,001$4,976,809$29,072,356
86$50,937,769$9,145,476$5,004,308$31,679,596
87$55,989,812$9,449,995$5,028,343$34,543,763
88$61,552,640$9,764,912$5,048,660$37,690,853
89$67,678,211$10,090,594$5,064,991$41,149,509
90$74,423,776$10,427,421$5,077,057$44,951,292
91$81,852,424$10,775,788$5,084,561$49,130,976
92$90,033,674$11,136,104$5,087,196$53,726,878
93$99,044,128$11,508,792$5,084,636$58,781,219
94$108,968,200$11,894,294$5,076,542$64,340,523
95$119,898,906$12,293,064$5,062,557$70,456,051
96$131,938,747$12,705,577$5,042,305$77,184,293
97$145,200,671$13,132,322$5,015,394$84,587,491
98$159,809,144$13,573,810$4,981,414$92,734,235
99$175,901,317$14,030,567$4,939,932$101,700,103
100$193,628,329$14,503,143$4,890,497$111,568,378