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

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$305,543$302,821$300,166$297,574$295,043$287,444
2 years$151,259$148,442$145,711$143,064$140,497$132,891
3 years$99,837$97,008$94,285$91,663$89,137$81,763
4 years$74,132$71,311$68,615$66,038$63,573$56,488
5 years$58,713$55,909$53,248$50,723$48,327$41,550
6 years$48,436$45,654$43,033$40,564$38,240$31,777
7 years$41,099$38,340$35,760$33,350$31,099$24,951
8 years$35,599$32,864$30,328$27,976$25,800$19,964
9 years$31,323$28,614$26,121$23,830$21,727$16,199
10 years$27,904$25,222$22,773$20,541$18,513$13,285
11 years$25,109$22,454$20,049$17,877$15,921$10,986
12 years$22,781$20,153$17,793$15,681$13,797$9,146
13 years$20,813$18,213$15,897$13,844$12,031$7,655
14 years$19,128$16,555$14,283$12,289$10,547$6,434
15 years$17,668$15,123$12,896$10,960$9,286$5,428
16 years$16,392$13,875$11,692$9,813$8,207$4,593
17 years$15,268$12,779$10,639$8,817$7,277$3,896
18 years$14,269$11,808$9,712$7,946$6,470$3,311
19 years$13,377$10,944$8,891$7,180$5,767$2,819
20 years$12,575$10,169$8,160$6,503$5,151$2,404
21 years$11,850$9,472$7,506$5,902$4,610$2,052
22 years$11,192$8,842$6,917$5,366$4,132$1,754
23 years$10,593$8,270$6,387$4,887$3,709$1,500
24 years$10,044$7,748$5,907$4,457$3,334$1,284
25 years$9,539$7,271$5,471$4,070$3,000$1,100
26 years$9,074$6,834$5,074$3,722$2,702$943
27 years$8,645$6,431$4,712$3,407$2,436$808
28 years$8,246$6,060$4,380$3,121$2,198$693
29 years$7,876$5,717$4,076$2,862$1,985$595
30 years$7,532$5,399$3,797$2,627$1,794$511
31 years$7,210$5,104$3,540$2,413$1,622$438
32 years$6,909$4,830$3,303$2,217$1,467$376
33 years$6,626$4,574$3,084$2,039$1,328$323
34 years$6,361$4,335$2,881$1,876$1,202$278
35 years$6,112$4,111$2,694$1,727$1,089$239
36 years$5,876$3,902$2,520$1,590$986$205
37 years$5,655$3,706$2,359$1,465$894$176
38 years$5,445$3,522$2,209$1,351$810$151
39 years$5,247$3,349$2,069$1,245$735$130
40 years$5,058$3,187$1,940$1,149$667$112
41 years$4,880$3,033$1,819$1,060$605$96
42 years$4,711$2,889$1,706$978$549$83
43 years$4,550$2,753$1,601$903$498$71
44 years$4,396$2,624$1,503$834$452$61
45 years$4,250$2,502$1,411$770$410$52
46 years$4,111$2,387$1,325$711$373$45
47 years$3,978$2,278$1,245$657$338$39
48 years$3,850$2,174$1,170$607$307$33
49 years$3,729$2,076$1,100$561$279$29
50 years$3,612$1,984$1,034$519$253$25

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 $4,279 every year, while hoping to spend $45,153 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: 35/42/23 Blend
56$3,700,000$3,700,000$3,700,000$3,700,000
57$4,081,814$3,885,714$3,828,364$4,196,062
58$4,450,116$4,028,071$3,908,572$4,423,259
59$4,854,472$4,175,891$3,989,953$4,663,787
60$5,298,512$4,329,393$4,072,500$4,922,404
61$5,786,233$4,488,806$4,156,201$5,200,752
62$6,322,041$4,654,370$4,241,046$5,500,631
63$6,910,788$4,826,333$4,327,020$5,824,021
64$7,557,820$5,004,955$4,414,107$6,173,092
65$8,269,027$5,190,507$4,502,289$6,550,233
66$9,050,896$5,383,270$4,591,544$6,958,064
67$9,910,577$5,583,539$4,681,850$7,399,468
68$10,855,944$5,791,621$4,773,180$7,877,611
69$11,895,675$6,007,836$4,865,507$8,395,973
70$13,039,330$6,232,516$4,958,797$8,958,382
71$14,297,443$6,466,010$5,053,018$9,569,046
72$15,681,618$6,708,680$5,148,130$10,232,592
73$17,204,642$6,960,905$5,244,092$10,954,108
74$18,880,606$7,223,079$5,340,858$11,739,192
75$20,725,032$7,495,614$5,438,381$12,594,001
76$22,755,025$7,778,940$5,536,607$13,525,310
77$24,989,433$8,073,503$5,635,479$14,540,571
78$27,449,023$8,379,772$5,734,935$15,647,987
79$30,156,676$8,698,235$5,834,909$16,856,581
80$33,137,608$9,029,399$5,935,329$18,176,287
81$36,419,601$9,373,796$6,036,120$19,618,037
82$40,033,269$9,731,981$6,137,198$21,193,862
83$44,012,345$10,104,531$6,238,477$22,917,008
84$48,394,001$10,492,050$6,339,863$24,802,056
85$53,219,197$10,895,167$6,441,256$26,865,058
86$58,533,066$11,314,542$6,542,549$29,123,686
87$64,385,343$11,750,859$6,643,629$31,597,400
88$70,830,833$12,204,835$6,744,375$34,307,625
89$77,929,925$12,677,220$6,844,659$37,277,951
90$85,749,167$13,168,793$6,944,345$40,534,359
91$94,361,889$13,680,371$7,043,287$44,105,457
92$103,848,897$14,212,804$7,141,332$48,022,751
93$114,299,235$14,766,983$7,238,318$52,320,939
94$125,811,028$15,343,835$7,334,072$57,038,235
95$138,492,401$15,944,332$7,428,412$62,216,728
96$152,462,507$16,569,485$7,521,145$67,902,776
97$167,852,646$17,220,353$7,612,067$74,147,439
98$184,807,506$17,898,041$7,700,961$81,006,960
99$203,486,530$18,603,703$7,787,602$88,543,289
100$224,065,417$19,338,545$7,871,747$96,824,670