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%11%
1 years$289,027$286,452$283,940$281,489$279,095$277,919
2 years$143,083$140,418$137,835$135,331$132,902$131,715
3 years$94,441$91,765$89,188$86,708$84,319$83,157
4 years$70,125$67,457$64,906$62,468$60,137$59,010
5 years$55,539$52,887$50,370$47,982$45,715$44,626
6 years$45,818$43,186$40,706$38,371$36,173$35,122
7 years$38,878$36,268$33,827$31,547$29,418$28,408
8 years$33,674$31,088$28,688$26,464$24,405$23,434
9 years$29,630$27,068$24,709$22,542$20,553$19,622
10 years$26,396$23,859$21,542$19,431$17,512$16,620
11 years$23,752$21,240$18,965$16,911$15,061$14,207
12 years$21,550$19,064$16,831$14,833$13,051$12,236
13 years$19,688$17,228$15,038$13,095$11,381$10,603
14 years$18,094$15,660$13,511$11,625$9,977$9,235
15 years$16,713$14,306$12,199$10,367$8,784$8,078
16 years$15,506$13,125$11,060$9,283$7,763$7,092
17 years$14,443$12,088$10,064$8,340$6,884$6,245
18 years$13,498$11,170$9,187$7,516$6,121$5,515
19 years$12,654$10,352$8,411$6,792$5,455$4,881
20 years$11,895$9,620$7,719$6,151$4,873$4,329
21 years$11,210$8,960$7,100$5,583$4,361$3,846
22 years$10,587$8,364$6,544$5,076$3,909$3,422
23 years$10,020$7,823$6,042$4,623$3,509$3,049
24 years$9,501$7,329$5,588$4,216$3,154$2,720
25 years$9,024$6,878$5,175$3,850$2,838$2,429
26 years$8,584$6,464$4,800$3,521$2,556$2,171
27 years$8,177$6,084$4,457$3,223$2,305$1,942
28 years$7,801$5,733$4,143$2,953$2,080$1,739
29 years$7,451$5,408$3,856$2,708$1,878$1,558
30 years$7,124$5,107$3,592$2,485$1,697$1,396
31 years$6,820$4,828$3,348$2,282$1,534$1,252
32 years$6,535$4,569$3,124$2,097$1,388$1,124
33 years$6,268$4,326$2,917$1,929$1,256$1,009
34 years$6,017$4,100$2,725$1,775$1,137$906
35 years$5,781$3,889$2,548$1,634$1,030$814
36 years$5,559$3,691$2,384$1,504$933$731
37 years$5,349$3,506$2,231$1,386$846$657
38 years$5,151$3,332$2,089$1,278$767$591
39 years$4,963$3,168$1,957$1,178$695$531
40 years$4,785$3,014$1,835$1,087$631$478
41 years$4,616$2,869$1,720$1,003$572$430
42 years$4,456$2,733$1,614$925$519$387
43 years$4,304$2,604$1,514$854$471$348
44 years$4,158$2,482$1,421$789$428$313
45 years$4,020$2,367$1,335$728$388$282
46 years$3,888$2,258$1,254$673$352$254
47 years$3,763$2,155$1,178$622$320$228
48 years$3,642$2,057$1,107$574$291$205
49 years$3,527$1,964$1,040$531$264$185
50 years$3,417$1,876$978$491$240$167

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 $6,860 every year, while hoping to spend $38,591 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: 62/9/29 Blend
56$3,500,000$3,500,000$3,500,000$3,500,000
57$3,864,076$3,678,576$3,624,326$4,073,103
58$4,217,151$3,817,766$3,704,680$4,355,287
59$4,604,947$3,962,482$3,786,433$4,658,509
60$5,030,963$4,112,956$3,869,591$4,988,814
61$5,499,057$4,269,427$3,954,158$5,348,859
62$6,013,477$4,432,145$4,040,138$5,741,573
63$6,578,904$4,601,372$4,127,535$6,170,180
64$7,200,494$4,777,381$4,216,349$6,638,227
65$7,883,928$4,960,456$4,306,580$7,149,625
66$8,635,465$5,150,895$4,398,227$7,708,677
67$9,462,002$5,349,008$4,491,287$8,320,123
68$10,371,135$5,555,118$4,585,754$8,989,184
69$11,371,236$5,769,565$4,681,623$9,721,609
70$12,471,529$5,992,699$4,778,883$10,523,730
71$13,682,174$6,224,891$4,877,525$11,402,522
72$15,014,370$6,466,525$4,977,536$12,365,669
73$16,480,453$6,718,002$5,078,901$13,421,633
74$18,094,017$6,979,742$5,181,602$14,579,735
75$19,870,040$7,252,182$5,285,619$15,850,246
76$21,825,026$7,535,781$5,390,929$17,244,478
77$23,977,160$7,831,016$5,497,507$18,774,893
78$26,346,481$8,138,386$5,605,323$20,455,221
79$28,955,066$8,458,412$5,714,347$22,300,587
80$31,827,247$8,791,638$5,824,542$24,327,654
81$34,989,832$9,138,634$5,935,869$26,554,783
82$38,472,360$9,499,992$6,048,286$29,002,199
83$42,307,384$9,876,335$6,161,747$31,692,188
84$46,530,772$10,268,310$6,276,200$34,649,302
85$51,182,048$10,676,595$6,391,590$37,900,595
86$56,304,767$11,101,898$6,507,858$41,475,872
87$61,946,920$11,544,958$6,624,939$45,407,975
88$68,161,394$12,006,549$6,742,762$49,733,091
89$75,006,465$12,487,478$6,861,253$54,491,088
90$82,546,349$12,988,590$6,980,330$59,725,900
91$90,851,813$13,510,767$7,099,907$65,485,933
92$100,000,835$14,054,931$7,219,891$71,824,525
93$110,079,344$14,622,047$7,340,181$78,800,447
94$121,182,032$15,213,121$7,460,672$86,478,459
95$133,413,243$15,829,208$7,581,248$94,929,921
96$146,887,963$16,471,409$7,701,790$104,233,462
97$161,732,902$17,140,875$7,822,166$114,475,726
98$178,087,689$17,838,808$7,942,240$125,752,186
99$196,106,192$18,566,469$8,061,863$138,168,046
100$215,957,969$19,325,172$8,180,882$151,839,232