Can I retire at age 57 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$330,316$327,374$324,503$321,702$318,966$316,955
2 years$163,523$160,477$157,526$154,664$151,888$149,861
3 years$107,932$104,874$101,930$99,095$96,364$94,382
4 years$80,143$77,093$74,179$71,392$68,728$66,806
5 years$63,473$60,442$57,566$54,836$52,246$50,390
6 years$52,364$49,356$46,522$43,853$41,340$39,553
7 years$44,431$41,449$38,660$36,054$33,621$31,903
8 years$38,485$35,529$32,787$30,245$27,892$26,244
9 years$33,863$30,935$28,239$25,762$23,489$21,910
10 years$30,167$27,267$24,619$22,207$20,014$18,503
11 years$27,145$24,274$21,675$19,327$17,212$15,769
12 years$24,628$21,787$19,236$16,952$14,916$13,539
13 years$22,501$19,689$17,186$14,966$13,007$11,694
14 years$20,678$17,897$15,441$13,285$11,402$10,152
15 years$19,101$16,349$13,942$11,848$10,039$8,851
16 years$17,722$15,000$12,640$10,609$8,873$7,744
17 years$16,506$13,815$11,502$9,532$7,867$6,796
18 years$15,426$12,765$10,500$8,590$6,995$5,980
19 years$14,462$11,831$9,612$7,762$6,235$5,274
20 years$13,595$10,994$8,821$7,030$5,569$4,661
21 years$12,811$10,240$8,114$6,380$4,984$4,126
22 years$12,100$9,559$7,478$5,801$4,467$3,657
23 years$11,451$8,940$6,905$5,283$4,010$3,247
24 years$10,858$8,376$6,386$4,818$3,604$2,885
25 years$10,313$7,861$5,915$4,400$3,243$2,567
26 years$9,810$7,388$5,486$4,024$2,921$2,285
27 years$9,346$6,953$5,094$3,683$2,634$2,037
28 years$8,915$6,552$4,735$3,374$2,377$1,816
29 years$8,515$6,181$4,407$3,094$2,146$1,620
30 years$8,142$5,837$4,105$2,840$1,939$1,447
31 years$7,794$5,518$3,827$2,608$1,753$1,292
32 years$7,469$5,221$3,570$2,397$1,586$1,155
33 years$7,163$4,945$3,334$2,204$1,435$1,032
34 years$6,877$4,686$3,115$2,028$1,299$923
35 years$6,607$4,445$2,912$1,867$1,177$826
36 years$6,353$4,219$2,724$1,719$1,066$739
37 years$6,113$4,007$2,550$1,584$966$661
38 years$5,886$3,808$2,388$1,460$876$592
39 years$5,672$3,621$2,237$1,346$795$530
40 years$5,469$3,445$2,097$1,242$721$475
41 years$5,276$3,279$1,966$1,146$654$425
42 years$5,093$3,123$1,844$1,057$593$381
43 years$4,918$2,976$1,731$976$538$341
44 years$4,753$2,837$1,624$901$489$306
45 years$4,595$2,705$1,525$832$444$274
46 years$4,444$2,580$1,433$769$403$245
47 years$4,300$2,462$1,346$710$366$220
48 years$4,163$2,351$1,265$656$332$197
49 years$4,031$2,245$1,189$607$302$177
50 years$3,905$2,144$1,118$561$274$158

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,000,000, adding $6,336 every year, while hoping to spend $59,121 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: 74/21/5 Blend
56$4,000,000$4,000,000$4,000,000$4,000,000
57$4,414,536$4,202,536$4,140,536$4,739,133
58$4,801,914$4,345,556$4,216,339$5,096,527
59$5,226,823$4,493,602$4,292,701$5,479,765
60$5,693,030$4,646,859$4,369,577$5,897,859
61$6,204,681$4,805,517$4,446,919$6,354,232
62$6,766,346$4,969,775$4,524,679$6,852,651
63$7,383,057$5,139,838$4,602,800$7,397,263
64$8,060,359$5,315,920$4,681,224$7,992,634
65$8,804,359$5,498,244$4,759,888$8,643,789
66$9,621,785$5,687,039$4,838,726$9,356,262
67$10,520,050$5,882,546$4,917,665$10,136,148
68$11,507,317$6,085,014$4,996,630$10,990,157
69$12,592,584$6,294,700$5,075,538$11,925,676
70$13,785,762$6,511,874$5,154,302$12,950,843
71$15,097,768$6,736,814$5,232,830$14,074,619
72$16,540,634$6,969,812$5,311,023$15,306,874
73$18,127,613$7,211,167$5,388,776$16,658,477
74$19,873,308$7,461,193$5,465,979$18,141,401
75$21,793,810$7,720,216$5,542,514$19,768,832
76$23,906,846$7,988,574$5,618,256$21,555,294
77$26,231,949$8,266,619$5,693,072$23,516,789
78$28,790,641$8,554,716$5,766,823$25,670,939
79$31,606,634$8,853,245$5,839,359$28,037,159
80$34,706,058$9,162,601$5,910,525$30,636,835
81$38,117,704$9,483,196$5,980,155$33,493,528
82$41,873,293$9,815,456$6,048,074$36,633,193
83$46,007,781$10,159,826$6,114,097$40,084,424
84$50,559,685$10,516,768$6,178,029$43,878,721
85$55,571,445$10,886,761$6,239,665$48,050,789
86$61,089,826$11,270,307$6,298,788$52,638,866
87$67,166,361$11,667,924$6,355,169$57,685,076
88$73,857,831$12,080,153$6,408,569$63,235,831
89$81,226,807$12,507,558$6,458,733$69,342,268
90$89,342,235$12,950,723$6,505,395$76,060,727
91$98,280,092$13,410,257$6,548,275$83,453,285
92$108,124,096$13,886,795$6,587,077$91,588,337
93$118,966,501$14,380,994$6,621,491$100,541,244
94$130,908,964$14,893,543$6,651,191$110,395,041
95$144,063,507$15,425,155$6,675,834$121,241,219
96$158,553,570$15,976,573$6,695,060$133,180,587
97$174,515,181$16,548,572$6,708,491$146,324,224
98$192,098,235$17,141,957$6,715,731$160,794,524
99$211,467,908$17,757,567$6,716,361$176,726,350
100$232,806,222$18,396,274$6,709,946$194,268,306