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%19.6%
1 years$305,543$302,821$300,166$297,574$295,043$283,673
2 years$151,259$148,442$145,711$143,064$140,497$129,177
3 years$99,837$97,008$94,285$91,663$89,137$78,224
4 years$74,132$71,311$68,615$66,038$63,573$53,150
5 years$58,713$55,909$53,248$50,723$48,327$38,421
6 years$48,436$45,654$43,033$40,564$38,240$28,857
7 years$41,099$38,340$35,760$33,350$31,099$22,236
8 years$35,599$32,864$30,328$27,976$25,800$17,449
9 years$31,323$28,614$26,121$23,830$21,727$13,876
10 years$27,904$25,222$22,773$20,541$18,513$11,146
11 years$25,109$22,454$20,049$17,877$15,921$9,023
12 years$22,781$20,153$17,793$15,681$13,797$7,349
13 years$20,813$18,213$15,897$13,844$12,031$6,014
14 years$19,128$16,555$14,283$12,289$10,547$4,941
15 years$17,668$15,123$12,896$10,960$9,286$4,072
16 years$16,392$13,875$11,692$9,813$8,207$3,364
17 years$15,268$12,779$10,639$8,817$7,277$2,785
18 years$14,269$11,808$9,712$7,946$6,470$2,310
19 years$13,377$10,944$8,891$7,180$5,767$1,918
20 years$12,575$10,169$8,160$6,503$5,151$1,595
21 years$11,850$9,472$7,506$5,902$4,610$1,327
22 years$11,192$8,842$6,917$5,366$4,132$1,105
23 years$10,593$8,270$6,387$4,887$3,709$921
24 years$10,044$7,748$5,907$4,457$3,334$768
25 years$9,539$7,271$5,471$4,070$3,000$641
26 years$9,074$6,834$5,074$3,722$2,702$535
27 years$8,645$6,431$4,712$3,407$2,436$446
28 years$8,246$6,060$4,380$3,121$2,198$373
29 years$7,876$5,717$4,076$2,862$1,985$311
30 years$7,532$5,399$3,797$2,627$1,794$260
31 years$7,210$5,104$3,540$2,413$1,622$217
32 years$6,909$4,830$3,303$2,217$1,467$182
33 years$6,626$4,574$3,084$2,039$1,328$152
34 years$6,361$4,335$2,881$1,876$1,202$127
35 years$6,112$4,111$2,694$1,727$1,089$106
36 years$5,876$3,902$2,520$1,590$986$89
37 years$5,655$3,706$2,359$1,465$894$74
38 years$5,445$3,522$2,209$1,351$810$62
39 years$5,247$3,349$2,069$1,245$735$52
40 years$5,058$3,187$1,940$1,149$667$43
41 years$4,880$3,033$1,819$1,060$605$36
42 years$4,711$2,889$1,706$978$549$30
43 years$4,550$2,753$1,601$903$498$25
44 years$4,396$2,624$1,503$834$452$21
45 years$4,250$2,502$1,411$770$410$18
46 years$4,111$2,387$1,325$711$373$15
47 years$3,978$2,278$1,245$657$338$12
48 years$3,850$2,174$1,170$607$307$10
49 years$3,729$2,076$1,100$561$279$9
50 years$3,612$1,984$1,034$519$253$7

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 $4,323 every year, while hoping to spend $26,299 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: 63/20/17 Blend
56$3,700,000$3,700,000$3,700,000$3,700,000
57$4,081,859$3,885,759$3,828,409$4,321,381
58$4,470,227$4,048,179$3,928,679$4,645,289
59$4,897,327$4,217,677$4,031,426$4,995,490
60$5,367,081$4,394,570$4,136,707$5,377,304
61$5,883,813$4,579,194$4,244,576$5,793,811
62$6,452,285$4,771,897$4,355,091$6,248,401
63$7,077,742$4,973,044$4,468,311$6,744,804
64$7,765,967$5,183,018$4,584,295$7,287,123
65$8,523,329$5,402,220$4,703,102$7,879,876
66$9,356,846$5,631,067$4,824,794$8,528,034
67$10,274,253$5,869,998$4,949,433$9,237,070
68$11,284,071$6,119,471$5,077,083$10,013,005
69$12,395,687$6,379,966$5,207,807$10,862,471
70$13,619,449$6,651,986$5,341,670$11,792,768
71$14,966,756$6,936,056$5,478,738$12,811,931
72$16,450,168$7,232,727$5,619,080$13,928,809
73$18,083,528$7,542,573$5,762,762$15,153,144
74$19,882,088$7,866,199$5,909,854$16,495,664
75$21,862,652$8,204,234$6,060,426$17,968,181
76$24,043,741$8,557,340$6,214,548$19,583,703
77$26,445,761$8,926,208$6,372,294$21,356,555
78$29,091,197$9,311,561$6,533,734$23,302,514
79$32,004,829$9,714,157$6,698,944$25,438,955
80$35,213,961$10,134,790$6,867,999$27,785,012
81$38,748,681$10,574,291$7,040,972$30,361,763
82$42,642,143$11,033,528$7,217,941$33,192,423
83$46,930,883$11,513,412$7,398,984$36,302,559
84$51,655,161$12,014,896$7,584,177$39,720,338
85$56,859,340$12,538,980$7,773,600$43,476,782
86$62,592,310$13,086,706$7,967,333$47,606,067
87$68,907,942$13,659,171$8,165,455$52,145,837
88$75,865,601$14,257,520$8,368,047$57,137,563
89$83,530,707$14,882,954$8,575,191$62,626,928
90$91,975,349$15,536,728$8,786,969$68,664,259
91$101,278,966$16,220,159$9,003,464$75,304,998
92$111,529,099$16,934,625$9,224,759$82,610,227
93$122,822,215$17,681,570$9,450,937$90,647,235
94$135,264,620$18,462,506$9,682,082$99,490,158
95$148,973,458$19,279,015$9,918,278$109,220,673
96$164,077,820$20,132,756$10,159,610$119,928,765
97$180,719,963$21,025,467$10,406,162$131,713,576
98$199,056,650$21,958,966$10,658,020$144,684,338
99$219,260,632$22,935,158$10,915,267$158,961,400
100$241,522,276$23,956,041$11,177,988$174,677,359