Can I retire at age 57 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$289,027$286,452$283,940$281,489$279,095$273,460
2 years$143,083$140,418$137,835$135,331$132,902$127,250
3 years$94,441$91,765$89,188$86,708$84,319$78,825
4 years$70,125$67,457$64,906$62,468$60,137$54,844
5 years$55,539$52,887$50,370$47,982$45,715$40,639
6 years$45,818$43,186$40,706$38,371$36,173$31,318
7 years$38,878$36,268$33,827$31,547$29,418$24,786
8 years$33,674$31,088$28,688$26,464$24,405$19,995
9 years$29,630$27,068$24,709$22,542$20,553$16,361
10 years$26,396$23,859$21,542$19,431$17,512$13,534
11 years$23,752$21,240$18,965$16,911$15,061$11,293
12 years$21,550$19,064$16,831$14,833$13,051$9,487
13 years$19,688$17,228$15,038$13,095$11,381$8,015
14 years$18,094$15,660$13,511$11,625$9,977$6,802
15 years$16,713$14,306$12,199$10,367$8,784$5,795
16 years$15,506$13,125$11,060$9,283$7,763$4,952
17 years$14,443$12,088$10,064$8,340$6,884$4,243
18 years$13,498$11,170$9,187$7,516$6,121$3,643
19 years$12,654$10,352$8,411$6,792$5,455$3,135
20 years$11,895$9,620$7,719$6,151$4,873$2,701
21 years$11,210$8,960$7,100$5,583$4,361$2,331
22 years$10,587$8,364$6,544$5,076$3,909$2,014
23 years$10,020$7,823$6,042$4,623$3,509$1,741
24 years$9,501$7,329$5,588$4,216$3,154$1,507
25 years$9,024$6,878$5,175$3,850$2,838$1,305
26 years$8,584$6,464$4,800$3,521$2,556$1,132
27 years$8,177$6,084$4,457$3,223$2,305$981
28 years$7,801$5,733$4,143$2,953$2,080$851
29 years$7,451$5,408$3,856$2,708$1,878$739
30 years$7,124$5,107$3,592$2,485$1,697$642
31 years$6,820$4,828$3,348$2,282$1,534$557
32 years$6,535$4,569$3,124$2,097$1,388$484
33 years$6,268$4,326$2,917$1,929$1,256$421
34 years$6,017$4,100$2,725$1,775$1,137$366
35 years$5,781$3,889$2,548$1,634$1,030$318
36 years$5,559$3,691$2,384$1,504$933$276
37 years$5,349$3,506$2,231$1,386$846$240
38 years$5,151$3,332$2,089$1,278$767$209
39 years$4,963$3,168$1,957$1,178$695$182
40 years$4,785$3,014$1,835$1,087$631$158
41 years$4,616$2,869$1,720$1,003$572$138
42 years$4,456$2,733$1,614$925$519$120
43 years$4,304$2,604$1,514$854$471$104
44 years$4,158$2,482$1,421$789$428$91
45 years$4,020$2,367$1,335$728$388$79
46 years$3,888$2,258$1,254$673$352$69
47 years$3,763$2,155$1,178$622$320$60
48 years$3,642$2,057$1,107$574$291$52
49 years$3,527$1,964$1,040$531$264$45
50 years$3,417$1,876$978$491$240$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $3,500,000, adding $6,899 every year, while hoping to spend $40,135 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: 34/47/19 Blend
56$3,500,000$3,500,000$3,500,000$3,500,000
57$3,864,116$3,678,616$3,624,366$3,972,718
58$4,215,553$3,816,165$3,703,079$4,190,859
59$4,601,491$3,959,109$3,783,084$4,421,734
60$5,025,407$4,107,669$3,864,381$4,669,864
61$5,491,131$4,262,078$3,946,971$4,936,799
62$6,002,883$4,422,576$4,030,851$5,224,238
63$6,565,311$4,589,416$4,116,018$5,534,047
64$7,183,535$4,762,860$4,202,467$5,868,273
65$7,863,198$4,943,183$4,290,192$6,229,164
66$8,610,516$5,130,670$4,379,185$6,619,188
67$9,432,335$5,325,620$4,469,435$7,041,056
68$10,336,203$5,528,344$4,560,930$7,497,746
69$11,330,430$5,739,168$4,653,656$7,992,531
70$12,424,177$5,958,430$4,747,596$8,529,007
71$13,627,534$6,186,484$4,842,732$9,111,125
72$14,951,620$6,423,700$4,939,041$9,743,228
73$16,408,687$6,670,462$5,036,501$10,430,094
74$18,012,232$6,927,174$5,135,083$11,176,973
75$19,777,130$7,194,256$5,234,758$11,989,638
76$21,719,768$7,472,145$5,335,493$12,874,440
77$23,858,205$7,761,301$5,437,252$13,838,365
78$26,212,337$8,062,200$5,539,996$14,889,094
79$28,804,089$8,375,341$5,643,680$16,035,080
80$31,657,620$8,701,247$5,748,257$17,285,623
81$34,799,550$9,040,461$5,853,676$18,650,955
82$38,259,212$9,393,551$5,959,882$20,142,336
83$42,068,927$9,761,111$6,066,814$21,772,157
84$46,264,313$10,143,760$6,174,407$23,554,057
85$50,884,615$10,542,147$6,282,592$25,503,045
86$55,973,080$10,956,947$6,391,293$27,635,644
87$61,577,364$11,388,866$6,500,431$29,970,042
88$67,749,977$11,838,643$6,609,917$32,526,262
89$74,548,786$12,307,048$6,719,661$35,326,346
90$82,037,556$12,794,887$6,829,563$38,394,564
91$90,286,551$13,303,001$6,939,518$41,757,636
92$99,373,200$13,832,269$7,049,413$45,444,987
93$109,382,827$14,383,610$7,159,129$49,489,013
94$120,409,452$14,957,984$7,268,536$53,925,391
95$132,556,685$15,556,394$7,377,501$58,793,411
96$145,938,698$16,179,888$7,485,878$64,136,338
97$160,681,305$16,829,562$7,593,515$70,001,823
98$176,923,149$17,506,562$7,700,249$76,442,345
99$194,817,010$18,212,083$7,805,907$83,515,706
100$214,531,247$18,947,378$7,910,307$91,285,567