Can I retire at age 57 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$322,058$319,190$316,391$313,659$310,991$300,555
2 years$159,435$156,466$153,588$150,798$148,091$137,680
3 years$105,234$102,252$99,381$96,617$93,955$83,896
4 years$78,139$75,166$72,324$69,607$67,010$57,379
5 years$61,886$58,931$56,127$53,465$50,940$41,763
6 years$51,055$48,122$45,359$42,757$40,307$31,592
7 years$43,321$40,412$37,693$35,153$32,780$24,526
8 years$37,523$34,641$31,967$29,489$27,194$19,394
9 years$33,016$30,161$27,533$25,118$22,902$15,546
10 years$29,412$26,586$24,004$21,652$19,513$12,591
11 years$26,466$23,668$21,133$18,843$16,782$10,279
12 years$24,013$21,243$18,755$16,528$14,543$8,445
13 years$21,938$19,197$16,756$14,592$12,682$6,973
14 years$20,161$17,450$15,055$12,953$11,117$5,781
15 years$18,623$15,941$13,593$11,552$9,788$4,808
16 years$17,278$14,625$12,324$10,343$8,651$4,010
17 years$16,093$13,469$11,214$9,294$7,670$3,352
18 years$15,041$12,446$10,237$8,375$6,820$2,807
19 years$14,100$11,535$9,372$7,568$6,079$2,354
20 years$13,255$10,719$8,601$6,854$5,430$1,977
21 years$12,491$9,984$7,911$6,221$4,859$1,662
22 years$11,797$9,320$7,291$5,656$4,355$1,398
23 years$11,165$8,717$6,732$5,151$3,910$1,177
24 years$10,586$8,167$6,226$4,698$3,514$992
25 years$10,055$7,664$5,767$4,290$3,162$836
26 years$9,565$7,203$5,348$3,923$2,848$705
27 years$9,112$6,779$4,966$3,591$2,568$595
28 years$8,692$6,388$4,617$3,290$2,317$502
29 years$8,302$6,026$4,296$3,017$2,092$424
30 years$7,939$5,691$4,002$2,769$1,891$358
31 years$7,599$5,380$3,731$2,543$1,709$302
32 years$7,282$5,091$3,481$2,337$1,546$255
33 years$6,984$4,821$3,250$2,149$1,399$216
34 years$6,705$4,569$3,037$1,977$1,267$182
35 years$6,442$4,334$2,839$1,820$1,147$154
36 years$6,194$4,113$2,656$1,676$1,040$130
37 years$5,960$3,907$2,486$1,545$942$110
38 years$5,739$3,713$2,328$1,424$854$93
39 years$5,530$3,531$2,181$1,313$775$78
40 years$5,332$3,359$2,044$1,211$703$66
41 years$5,144$3,197$1,917$1,117$637$56
42 years$4,965$3,045$1,798$1,031$578$47
43 years$4,795$2,901$1,687$952$525$40
44 years$4,634$2,766$1,584$879$477$34
45 years$4,480$2,637$1,487$812$433$29
46 years$4,333$2,516$1,397$750$393$24
47 years$4,193$2,401$1,312$693$357$20
48 years$4,059$2,292$1,233$640$324$17
49 years$3,930$2,189$1,159$591$294$15
50 years$3,808$2,091$1,090$547$267$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $3,900,000, adding $2,420 every year, while hoping to spend $43,104 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: 40/34/26 Blend
56$3,900,000$3,900,000$3,900,000$3,900,000
57$4,300,296$4,093,596$4,033,146$4,439,174
58$4,693,064$4,248,320$4,122,394$4,694,672
59$5,124,450$4,409,181$4,213,188$4,966,692
60$5,598,346$4,576,434$4,305,532$5,260,150
61$6,119,043$4,750,345$4,399,433$5,577,035
62$6,691,266$4,931,192$4,494,894$5,919,528
63$7,320,220$5,119,265$4,591,918$6,290,028
64$8,011,640$5,314,866$4,690,505$6,691,172
65$8,771,845$5,518,312$4,790,655$7,125,858
66$9,607,796$5,729,932$4,892,364$7,597,271
67$10,527,162$5,950,070$4,995,630$8,108,913
68$11,538,394$6,179,085$5,100,445$8,664,635
69$12,650,802$6,417,352$5,206,801$9,268,674
70$13,874,643$6,665,261$5,314,688$9,925,688
71$15,221,220$6,923,223$5,424,094$10,640,800
72$16,702,986$7,191,662$5,535,002$11,419,649
73$18,333,661$7,471,024$5,647,396$12,268,437
74$20,128,365$7,761,775$5,761,254$13,193,989
75$22,103,757$8,064,400$5,876,554$14,203,815
76$24,278,190$8,379,406$5,993,269$15,306,180
77$26,671,891$8,707,322$6,111,369$16,510,180
78$29,307,145$9,048,702$6,230,821$17,825,827
79$32,208,509$9,404,124$6,351,588$19,264,141
80$35,403,041$9,774,190$6,473,631$20,837,256
81$38,920,557$10,159,531$6,596,903$22,558,527
82$42,793,912$10,560,806$6,721,357$24,442,657
83$47,059,307$10,978,702$6,846,939$26,505,837
84$51,756,636$11,413,938$6,973,592$28,765,891
85$56,929,857$11,867,265$7,101,251$31,242,448
86$62,627,409$12,339,468$7,229,849$33,957,121
87$68,902,668$12,831,365$7,359,313$36,933,712
88$75,814,453$13,343,815$7,489,562$40,198,431
89$83,427,577$13,877,711$7,620,512$43,780,145
90$91,813,461$14,433,990$7,752,070$47,710,646
91$101,050,807$15,013,629$7,884,138$52,024,949
92$111,226,343$15,617,650$8,016,610$56,761,617
93$122,435,636$16,247,121$8,149,373$61,963,130
94$134,784,000$16,903,159$8,282,306$67,676,275
95$148,387,485$17,586,931$8,415,280$73,952,588
96$163,373,974$18,299,656$8,548,157$80,848,840
97$179,884,390$19,042,610$8,680,792$88,427,564
98$198,074,026$19,817,126$8,813,027$96,757,648
99$218,114,010$20,624,599$8,944,696$105,914,978
100$240,192,920$21,466,485$9,075,625$115,983,151