Can I retire at age 57 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$305,543$302,821$300,166$297,574$295,043$290,036
2 years$151,259$148,442$145,711$143,064$140,497$135,468
3 years$99,837$97,008$94,285$91,663$89,137$84,242
4 years$74,132$71,311$68,615$66,038$63,573$58,851
5 years$58,713$55,909$53,248$50,723$48,327$43,791
6 years$48,436$45,654$43,033$40,564$38,240$33,894
7 years$41,099$38,340$35,760$33,350$31,099$26,946
8 years$35,599$32,864$30,328$27,976$25,800$21,838
9 years$31,323$28,614$26,121$23,830$21,727$17,954
10 years$27,904$25,222$22,773$20,541$18,513$14,926
11 years$25,109$22,454$20,049$17,877$15,921$12,517
12 years$22,781$20,153$17,793$15,681$13,797$10,570
13 years$20,813$18,213$15,897$13,844$12,031$8,977
14 years$19,128$16,555$14,283$12,289$10,547$7,660
15 years$17,668$15,123$12,896$10,960$9,286$6,562
16 years$16,392$13,875$11,692$9,813$8,207$5,639
17 years$15,268$12,779$10,639$8,817$7,277$4,859
18 years$14,269$11,808$9,712$7,946$6,470$4,197
19 years$13,377$10,944$8,891$7,180$5,767$3,632
20 years$12,575$10,169$8,160$6,503$5,151$3,149
21 years$11,850$9,472$7,506$5,902$4,610$2,734
22 years$11,192$8,842$6,917$5,366$4,132$2,376
23 years$10,593$8,270$6,387$4,887$3,709$2,068
24 years$10,044$7,748$5,907$4,457$3,334$1,801
25 years$9,539$7,271$5,471$4,070$3,000$1,570
26 years$9,074$6,834$5,074$3,722$2,702$1,369
27 years$8,645$6,431$4,712$3,407$2,436$1,195
28 years$8,246$6,060$4,380$3,121$2,198$1,044
29 years$7,876$5,717$4,076$2,862$1,985$912
30 years$7,532$5,399$3,797$2,627$1,794$797
31 years$7,210$5,104$3,540$2,413$1,622$697
32 years$6,909$4,830$3,303$2,217$1,467$609
33 years$6,626$4,574$3,084$2,039$1,328$533
34 years$6,361$4,335$2,881$1,876$1,202$467
35 years$6,112$4,111$2,694$1,727$1,089$408
36 years$5,876$3,902$2,520$1,590$986$357
37 years$5,655$3,706$2,359$1,465$894$313
38 years$5,445$3,522$2,209$1,351$810$274
39 years$5,247$3,349$2,069$1,245$735$240
40 years$5,058$3,187$1,940$1,149$667$210
41 years$4,880$3,033$1,819$1,060$605$184
42 years$4,711$2,889$1,706$978$549$161
43 years$4,550$2,753$1,601$903$498$141
44 years$4,396$2,624$1,503$834$452$124
45 years$4,250$2,502$1,411$770$410$108
46 years$4,111$2,387$1,325$711$373$95
47 years$3,978$2,278$1,245$657$338$83
48 years$3,850$2,174$1,170$607$307$73
49 years$3,729$2,076$1,100$561$279$64
50 years$3,612$1,984$1,034$519$253$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $3,700,000, adding $3,590 every year, while hoping to spend $28,229 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: 27/43/30 Blend
56$3,700,000$3,700,000$3,700,000$3,700,000
57$4,081,103$3,885,003$3,827,653$4,153,246
58$4,467,340$4,045,333$3,925,844$4,372,910
59$4,892,027$4,212,573$4,026,378$4,605,935
60$5,359,057$4,387,031$4,129,304$4,855,557
61$5,872,716$4,569,032$4,234,672$5,123,215
62$6,437,731$4,758,912$4,342,531$5,410,481
63$7,059,306$4,957,025$4,452,932$5,719,080
64$7,743,177$5,163,740$4,565,927$6,050,901
65$8,495,663$5,379,446$4,681,568$6,408,015
66$9,323,727$5,604,545$4,799,907$6,792,693
67$10,235,041$5,839,462$4,920,997$7,207,424
68$11,238,058$6,084,638$5,044,894$7,654,942
69$12,342,093$6,340,539$5,171,651$8,138,242
70$13,557,409$6,607,647$5,301,323$8,660,615
71$14,895,314$6,886,472$5,433,967$9,225,671
72$16,368,269$7,177,542$5,569,639$9,837,375
73$17,990,006$7,481,415$5,708,395$10,500,082
74$19,775,653$7,798,671$5,850,293$11,218,572
75$21,741,882$8,129,918$5,995,390$11,998,098
76$23,907,064$8,475,794$6,143,745$12,844,431
77$26,291,441$8,836,964$6,295,417$13,763,915
78$28,917,318$9,214,126$6,450,464$14,763,517
79$31,809,276$9,608,009$6,608,946$15,850,900
80$34,994,399$10,019,378$6,770,922$17,034,485
81$38,502,532$10,449,033$6,936,453$18,323,531
82$42,366,564$10,897,809$7,105,598$19,728,222
83$46,622,736$11,366,584$7,278,418$21,259,753
84$51,310,984$11,856,275$7,454,973$22,930,441
85$56,475,313$12,367,842$7,635,323$24,753,829
86$62,164,218$12,902,289$7,819,530$26,744,821
87$68,431,137$13,460,670$8,007,653$28,919,808
88$75,334,956$14,044,085$8,199,752$31,296,829
89$82,940,565$14,653,689$8,395,887$33,895,728
90$91,319,472$15,290,689$8,596,119$36,738,347
91$100,550,475$15,956,350$8,800,506$39,848,719
92$110,720,407$16,651,995$9,009,107$43,253,296
93$121,924,957$17,379,011$9,221,980$46,981,194
94$134,269,569$18,138,850$9,439,183$51,064,458
95$147,870,443$18,933,030$9,660,773$55,538,367
96$162,855,625$19,763,146$9,886,806$60,441,754
97$179,366,220$20,630,862$10,117,336$65,817,374
98$197,557,726$21,537,925$10,352,417$71,712,296
99$217,601,493$22,486,163$10,592,103$78,178,347
100$239,686,351$23,477,490$10,836,443$85,272,589