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%14.7%
1 years$297,285$294,637$292,053$289,531$287,069$281,503
2 years$147,171$144,430$141,773$139,198$136,700$131,115
3 years$97,139$94,386$91,737$89,185$86,728$81,298
4 years$72,128$69,384$66,761$64,253$61,855$56,622
5 years$57,126$54,398$51,809$49,352$47,021$42,000
6 years$47,127$44,420$41,869$39,468$37,206$32,403
7 years$39,988$37,304$34,794$32,448$30,259$25,673
8 years$34,637$31,976$29,508$27,220$25,102$20,734
9 years$30,476$27,841$25,415$23,186$21,140$16,986
10 years$27,150$24,541$22,157$19,986$18,012$14,069
11 years$24,430$21,847$19,507$17,394$15,491$11,754
12 years$22,165$19,609$17,312$15,257$13,424$9,888
13 years$20,251$17,721$15,467$13,470$11,706$8,364
14 years$18,611$16,107$13,897$11,957$10,262$7,108
15 years$17,191$14,714$12,547$10,663$9,035$6,064
16 years$15,949$13,500$11,376$9,548$7,985$5,189
17 years$14,855$12,433$10,352$8,579$7,080$4,453
18 years$13,884$11,489$9,450$7,731$6,295$3,829
19 years$13,016$10,648$8,651$6,986$5,611$3,299
20 years$12,235$9,894$7,939$6,327$5,012$2,847
21 years$11,530$9,216$7,303$5,742$4,485$2,461
22 years$10,890$8,603$6,731$5,221$4,020$2,129
23 years$10,306$8,046$6,214$4,755$3,609$1,844
24 years$9,772$7,539$5,747$4,337$3,244$1,599
25 years$9,281$7,075$5,323$3,960$2,919$1,387
26 years$8,829$6,649$4,937$3,621$2,629$1,204
27 years$8,411$6,258$4,584$3,315$2,371$1,046
28 years$8,024$5,897$4,262$3,037$2,139$909
29 years$7,664$5,563$3,966$2,785$1,931$790
30 years$7,328$5,253$3,694$2,556$1,745$687
31 years$7,015$4,966$3,444$2,347$1,578$598
32 years$6,722$4,699$3,213$2,157$1,427$520
33 years$6,447$4,450$3,000$1,984$1,292$453
34 years$6,189$4,218$2,803$1,825$1,169$394
35 years$5,946$4,000$2,621$1,680$1,059$343
36 years$5,718$3,797$2,452$1,547$960$299
37 years$5,502$3,606$2,295$1,426$870$260
38 years$5,298$3,427$2,149$1,314$789$227
39 years$5,105$3,259$2,013$1,212$715$198
40 years$4,922$3,101$1,887$1,118$649$172
41 years$4,748$2,951$1,770$1,031$588$150
42 years$4,583$2,811$1,660$952$534$131
43 years$4,427$2,678$1,558$878$485$114
44 years$4,277$2,553$1,462$811$440$99
45 years$4,135$2,434$1,373$749$399$87
46 years$3,999$2,322$1,289$692$363$75
47 years$3,870$2,216$1,211$639$329$66
48 years$3,746$2,116$1,138$591$299$57
49 years$3,628$2,020$1,070$546$272$50
50 years$3,515$1,930$1,006$505$247$44

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 $5,686 every year, while hoping to spend $32,468 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: 53/20/27 Blend
56$3,600,000$3,600,000$3,600,000$3,600,000
57$3,973,065$3,782,265$3,726,465$4,153,451
58$4,343,772$3,933,050$3,816,756$4,429,743
59$4,751,203$4,090,136$3,908,983$4,726,478
60$5,199,069$4,253,796$4,003,178$5,048,761
61$5,691,460$4,424,318$4,099,370$5,399,049
62$6,232,881$4,602,001$4,197,591$5,780,044
63$6,828,294$4,787,159$4,297,870$6,194,719
64$7,483,169$4,980,119$4,400,237$6,646,346
65$8,203,530$5,181,222$4,504,723$7,138,524
66$8,996,016$5,390,828$4,611,358$7,675,213
67$9,867,942$5,609,311$4,720,169$8,260,772
68$10,827,364$5,837,060$4,831,188$8,899,999
69$11,883,165$6,074,485$4,944,442$9,598,172
70$13,045,126$6,322,013$5,059,959$10,361,105
71$14,324,028$6,580,091$5,177,767$11,195,194
72$15,731,750$6,849,186$5,297,894$12,107,484
73$17,281,380$7,129,788$5,420,364$13,105,728
74$18,987,339$7,422,406$5,545,205$14,198,464
75$20,865,519$7,727,575$5,672,440$15,395,093
76$22,933,429$8,045,853$5,802,094$16,705,965
77$25,210,364$8,377,826$5,934,190$18,142,479
78$27,717,585$8,724,103$6,068,749$19,717,187
79$30,478,520$9,085,325$6,205,793$21,443,911
80$33,518,982$9,462,159$6,345,340$23,337,876
81$36,867,419$9,855,305$6,487,410$25,415,847
82$40,555,175$10,265,495$6,632,018$27,696,289
83$44,616,792$10,693,493$6,779,179$30,199,543
84$49,090,331$11,140,100$6,928,908$32,948,010
85$54,017,734$11,606,154$7,081,215$35,966,365
86$59,445,217$12,092,531$7,236,111$39,281,789
87$65,423,711$12,600,146$7,393,602$42,924,222
88$72,009,336$13,129,960$7,553,695$46,926,645
89$79,263,936$13,682,976$7,716,391$51,325,390
90$87,255,659$14,260,243$7,881,691$56,160,480
91$96,059,602$14,862,860$8,049,594$61,476,007
92$105,758,519$15,491,978$8,220,092$67,320,542
93$116,443,601$16,148,799$8,393,179$73,747,600
94$128,215,340$16,834,582$8,568,842$80,816,132
95$141,184,473$17,550,644$8,747,067$88,591,088
96$155,473,030$18,298,366$8,927,834$97,144,027
97$171,215,483$19,079,190$9,111,120$106,553,783
98$188,560,018$19,894,626$9,296,899$116,907,218
99$207,669,934$20,746,257$9,485,139$128,300,029
100$228,725,180$21,635,736$9,675,804$140,837,656