Can I retire at age 57 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$297,285$294,637$292,053$289,531$287,069$277,215
2 years$147,171$144,430$141,773$139,198$136,700$126,872
3 years$97,139$94,386$91,737$89,185$86,728$77,235
4 years$72,128$69,384$66,761$64,253$61,855$52,770
5 years$57,126$54,398$51,809$49,352$47,021$38,368
6 years$47,127$44,420$41,869$39,468$37,206$28,992
7 years$39,988$37,304$34,794$32,448$30,259$22,482
8 years$34,637$31,976$29,508$27,220$25,102$17,757
9 years$30,476$27,841$25,415$23,186$21,140$14,216
10 years$27,150$24,541$22,157$19,986$18,012$11,499
11 years$24,430$21,847$19,507$17,394$15,491$9,376
12 years$22,165$19,609$17,312$15,257$13,424$7,692
13 years$20,251$17,721$15,467$13,470$11,706$6,343
14 years$18,611$16,107$13,897$11,957$10,262$5,251
15 years$17,191$14,714$12,547$10,663$9,035$4,362
16 years$15,949$13,500$11,376$9,548$7,985$3,633
17 years$14,855$12,433$10,352$8,579$7,080$3,032
18 years$13,884$11,489$9,450$7,731$6,295$2,535
19 years$13,016$10,648$8,651$6,986$5,611$2,123
20 years$12,235$9,894$7,939$6,327$5,012$1,780
21 years$11,530$9,216$7,303$5,742$4,485$1,494
22 years$10,890$8,603$6,731$5,221$4,020$1,255
23 years$10,306$8,046$6,214$4,755$3,609$1,055
24 years$9,772$7,539$5,747$4,337$3,244$888
25 years$9,281$7,075$5,323$3,960$2,919$747
26 years$8,829$6,649$4,937$3,621$2,629$629
27 years$8,411$6,258$4,584$3,315$2,371$530
28 years$8,024$5,897$4,262$3,037$2,139$446
29 years$7,664$5,563$3,966$2,785$1,931$376
30 years$7,328$5,253$3,694$2,556$1,745$317
31 years$7,015$4,966$3,444$2,347$1,578$267
32 years$6,722$4,699$3,213$2,157$1,427$225
33 years$6,447$4,450$3,000$1,984$1,292$190
34 years$6,189$4,218$2,803$1,825$1,169$160
35 years$5,946$4,000$2,621$1,680$1,059$135
36 years$5,718$3,797$2,452$1,547$960$114
37 years$5,502$3,606$2,295$1,426$870$96
38 years$5,298$3,427$2,149$1,314$789$81
39 years$5,105$3,259$2,013$1,212$715$68
40 years$4,922$3,101$1,887$1,118$649$58
41 years$4,748$2,951$1,770$1,031$588$49
42 years$4,583$2,811$1,660$952$534$41
43 years$4,427$2,678$1,558$878$485$35
44 years$4,277$2,553$1,462$811$440$29
45 years$4,135$2,434$1,373$749$399$25
46 years$3,999$2,322$1,289$692$363$21
47 years$3,870$2,216$1,211$639$329$18
48 years$3,746$2,116$1,138$591$299$15
49 years$3,628$2,020$1,070$546$272$13
50 years$3,515$1,930$1,006$505$247$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $3,600,000, adding $3,263 every year, while hoping to spend $54,682 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: 56/29/15 Blend
56$3,600,000$3,600,000$3,600,000$3,600,000
57$3,970,566$3,779,766$3,723,966$4,177,209
58$4,317,382$3,906,793$3,790,537$4,444,899
59$4,697,741$4,038,212$3,857,506$4,730,127
60$5,115,007$4,174,180$3,924,829$5,039,573
61$5,572,883$4,314,860$3,992,456$5,375,567
62$6,075,451$4,460,423$4,060,337$5,740,671
63$6,627,207$4,611,043$4,128,418$6,137,703
64$7,233,101$4,766,904$4,196,640$6,569,766
65$7,898,589$4,928,194$4,264,939$7,040,275
66$8,629,680$5,095,110$4,333,249$7,552,987
67$9,432,993$5,267,856$4,401,499$8,112,038
68$10,315,822$5,446,644$4,469,612$8,721,983
69$11,286,199$5,631,694$4,537,508$9,387,833
70$12,352,978$5,823,233$4,605,101$10,115,107
71$13,525,909$6,021,498$4,672,299$10,909,880
72$14,815,736$6,226,736$4,739,005$11,778,844
73$16,234,296$6,439,201$4,805,117$12,729,365
74$17,794,631$6,659,159$4,870,525$13,769,555
75$19,511,110$6,886,884$4,935,114$14,908,348
76$21,399,565$7,122,663$4,998,762$16,155,582
77$23,477,439$7,366,792$5,061,339$17,522,091
78$25,763,953$7,619,580$5,122,709$19,019,811
79$28,280,283$7,881,347$5,182,727$20,661,886
80$31,049,764$8,152,424$5,241,240$22,462,791
81$34,098,105$8,433,159$5,298,088$24,438,476
82$37,453,638$8,723,910$5,353,099$26,606,505
83$41,147,577$9,025,049$5,406,096$28,986,229
84$45,214,318$9,336,965$5,456,889$31,598,962
85$49,691,763$9,660,060$5,505,278$34,468,186
86$54,621,672$9,994,753$5,551,055$37,619,769
87$60,050,064$10,341,478$5,593,997$41,082,206
88$66,027,648$10,700,687$5,633,873$44,886,893
89$72,610,298$11,072,851$5,670,438$49,068,417
90$79,859,585$11,458,457$5,703,434$53,664,884
91$87,843,355$11,858,014$5,732,591$58,718,275
92$96,636,369$12,272,048$5,757,625$64,274,844
93$106,321,011$12,701,110$5,778,237$70,385,552
94$116,988,059$13,145,770$5,794,113$77,106,546
95$128,737,548$13,606,620$5,804,923$84,499,689
96$141,679,712$14,084,278$5,810,322$92,633,143
97$155,936,021$14,579,386$5,809,946$101,582,010
98$171,640,330$15,092,611$5,803,415$111,429,038
99$188,940,142$15,624,648$5,790,327$122,265,404
100$207,997,999$16,176,217$5,770,266$134,191,570