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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$297,285$294,637$292,053$289,531$287,069$277,547
2 years$147,171$144,430$141,773$139,198$136,700$127,198
3 years$97,139$94,386$91,737$89,185$86,728$77,546
4 years$72,128$69,384$66,761$64,253$61,855$53,063
5 years$57,126$54,398$51,809$49,352$47,021$38,642
6 years$47,127$44,420$41,869$39,468$37,206$29,247
7 years$39,988$37,304$34,794$32,448$30,259$22,718
8 years$34,637$31,976$29,508$27,220$25,102$17,975
9 years$30,476$27,841$25,415$23,186$21,140$14,418
10 years$27,150$24,541$22,157$19,986$18,012$11,684
11 years$24,430$21,847$19,507$17,394$15,491$9,545
12 years$22,165$19,609$17,312$15,257$13,424$7,847
13 years$20,251$17,721$15,467$13,470$11,706$6,484
14 years$18,611$16,107$13,897$11,957$10,262$5,379
15 years$17,191$14,714$12,547$10,663$9,035$4,477
16 years$15,949$13,500$11,376$9,548$7,985$3,737
17 years$14,855$12,433$10,352$8,579$7,080$3,126
18 years$13,884$11,489$9,450$7,731$6,295$2,620
19 years$13,016$10,648$8,651$6,986$5,611$2,199
20 years$12,235$9,894$7,939$6,327$5,012$1,848
21 years$11,530$9,216$7,303$5,742$4,485$1,555
22 years$10,890$8,603$6,731$5,221$4,020$1,309
23 years$10,306$8,046$6,214$4,755$3,609$1,103
24 years$9,772$7,539$5,747$4,337$3,244$930
25 years$9,281$7,075$5,323$3,960$2,919$785
26 years$8,829$6,649$4,937$3,621$2,629$662
27 years$8,411$6,258$4,584$3,315$2,371$559
28 years$8,024$5,897$4,262$3,037$2,139$472
29 years$7,664$5,563$3,966$2,785$1,931$399
30 years$7,328$5,253$3,694$2,556$1,745$337
31 years$7,015$4,966$3,444$2,347$1,578$285
32 years$6,722$4,699$3,213$2,157$1,427$241
33 years$6,447$4,450$3,000$1,984$1,292$204
34 years$6,189$4,218$2,803$1,825$1,169$172
35 years$5,946$4,000$2,621$1,680$1,059$146
36 years$5,718$3,797$2,452$1,547$960$123
37 years$5,502$3,606$2,295$1,426$870$104
38 years$5,298$3,427$2,149$1,314$789$88
39 years$5,105$3,259$2,013$1,212$715$74
40 years$4,922$3,101$1,887$1,118$649$63
41 years$4,748$2,951$1,770$1,031$588$53
42 years$4,583$2,811$1,660$952$534$45
43 years$4,427$2,678$1,558$878$485$38
44 years$4,277$2,553$1,462$811$440$32
45 years$4,135$2,434$1,373$749$399$27
46 years$3,999$2,322$1,289$692$363$23
47 years$3,870$2,216$1,211$639$329$20
48 years$3,746$2,116$1,138$591$299$17
49 years$3,628$2,020$1,070$546$272$14
50 years$3,515$1,930$1,006$505$247$12

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 $4,355 every year, while hoping to spend $32,775 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: 36/39/25 Blend
56$3,600,000$3,600,000$3,600,000$3,600,000
57$3,971,692$3,780,892$3,725,092$4,084,633
58$4,341,932$3,931,284$3,815,010$4,318,801
59$4,748,839$4,087,946$3,906,842$4,568,119
60$5,196,116$4,251,151$4,000,618$4,836,634
61$5,687,848$4,421,185$4,096,366$5,126,090
62$6,228,530$4,598,345$4,194,116$5,438,400
63$6,823,118$4,782,942$4,293,897$5,775,667
64$7,477,071$4,975,301$4,395,738$6,140,195
65$8,196,405$5,175,763$4,499,667$6,534,518
66$8,987,746$5,384,683$4,605,714$6,961,417
67$9,858,395$5,602,432$4,713,905$7,423,949
68$10,816,399$5,829,399$4,824,268$7,925,471
69$11,870,622$6,065,989$4,936,830$8,469,673
70$13,030,829$6,312,627$5,051,619$9,060,610
71$14,307,785$6,569,756$5,168,659$9,702,740
72$15,713,346$6,837,841$5,287,976$10,400,965
73$17,260,578$7,117,366$5,409,594$11,160,671
74$18,963,879$7,408,839$5,533,537$11,987,785
75$20,839,112$7,712,790$5,659,828$12,888,824
76$22,903,758$8,029,773$5,788,489$13,870,953
77$25,177,078$8,360,369$5,919,540$14,942,058
78$27,680,297$8,705,184$6,053,001$16,110,812
79$30,436,801$9,064,852$6,188,891$17,386,758
80$33,472,362$9,440,036$6,327,226$18,780,395
81$36,815,376$9,831,432$6,468,022$20,303,278
82$40,497,137$10,239,764$6,611,293$21,968,120
83$44,552,125$10,665,793$6,757,051$23,788,916
84$49,018,336$11,110,311$6,905,306$25,781,067
85$53,937,640$11,574,150$7,056,068$27,961,526
86$59,356,176$12,058,180$7,209,343$30,348,954
87$65,324,785$12,563,310$7,365,135$32,963,895
88$71,899,491$13,090,490$7,523,445$35,828,964
89$79,142,032$13,640,718$7,684,274$38,969,061
90$87,120,440$14,215,033$7,847,617$42,411,602
91$95,909,681$14,814,526$8,013,469$46,186,770
92$105,592,369$15,440,338$8,181,820$50,327,806
93$116,259,537$16,093,661$8,352,658$54,871,308
94$128,011,504$16,775,744$8,525,966$59,857,583
95$140,958,816$17,487,895$8,701,725$65,331,016
96$155,223,294$18,231,481$8,879,911$71,340,489
97$170,939,179$19,007,932$9,060,497$77,939,837
98$188,254,402$19,818,748$9,243,451$85,188,352
99$207,331,980$20,665,495$9,428,735$93,151,339
100$228,351,553$21,549,816$9,616,309$101,900,724