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

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 $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%11.4%
1 years$330,316$327,374$324,503$321,702$318,966$317,088
2 years$163,523$160,477$157,526$154,664$151,888$149,994
3 years$107,932$104,874$101,930$99,095$96,364$94,512
4 years$80,143$77,093$74,179$71,392$68,728$66,932
5 years$63,473$60,442$57,566$54,836$52,246$50,512
6 years$52,364$49,356$46,522$43,853$41,340$39,670
7 years$44,431$41,449$38,660$36,054$33,621$32,015
8 years$38,485$35,529$32,787$30,245$27,892$26,350
9 years$33,863$30,935$28,239$25,762$23,489$22,012
10 years$30,167$27,267$24,619$22,207$20,014$18,600
11 years$27,145$24,274$21,675$19,327$17,212$15,862
12 years$24,628$21,787$19,236$16,952$14,916$13,627
13 years$22,501$19,689$17,186$14,966$13,007$11,778
14 years$20,678$17,897$15,441$13,285$11,402$10,231
15 years$19,101$16,349$13,942$11,848$10,039$8,926
16 years$17,722$15,000$12,640$10,609$8,873$7,815
17 years$16,506$13,815$11,502$9,532$7,867$6,863
18 years$15,426$12,765$10,500$8,590$6,995$6,044
19 years$14,462$11,831$9,612$7,762$6,235$5,334
20 years$13,595$10,994$8,821$7,030$5,569$4,717
21 years$12,811$10,240$8,114$6,380$4,984$4,178
22 years$12,100$9,559$7,478$5,801$4,467$3,707
23 years$11,451$8,940$6,905$5,283$4,010$3,293
24 years$10,858$8,376$6,386$4,818$3,604$2,929
25 years$10,313$7,861$5,915$4,400$3,243$2,607
26 years$9,810$7,388$5,486$4,024$2,921$2,323
27 years$9,346$6,953$5,094$3,683$2,634$2,072
28 years$8,915$6,552$4,735$3,374$2,377$1,849
29 years$8,515$6,181$4,407$3,094$2,146$1,651
30 years$8,142$5,837$4,105$2,840$1,939$1,475
31 years$7,794$5,518$3,827$2,608$1,753$1,319
32 years$7,469$5,221$3,570$2,397$1,586$1,180
33 years$7,163$4,945$3,334$2,204$1,435$1,055
34 years$6,877$4,686$3,115$2,028$1,299$944
35 years$6,607$4,445$2,912$1,867$1,177$846
36 years$6,353$4,219$2,724$1,719$1,066$757
37 years$6,113$4,007$2,550$1,584$966$678
38 years$5,886$3,808$2,388$1,460$876$608
39 years$5,672$3,621$2,237$1,346$795$545
40 years$5,469$3,445$2,097$1,242$721$488
41 years$5,276$3,279$1,966$1,146$654$438
42 years$5,093$3,123$1,844$1,057$593$392
43 years$4,918$2,976$1,731$976$538$352
44 years$4,753$2,837$1,624$901$489$315
45 years$4,595$2,705$1,525$832$444$283
46 years$4,444$2,580$1,433$769$403$254
47 years$4,300$2,462$1,346$710$366$228
48 years$4,163$2,351$1,265$656$332$204
49 years$4,031$2,245$1,189$607$302$183
50 years$3,905$2,144$1,118$561$274$164

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 $6,522 every year, while hoping to spend $30,794 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: 67/14/19 Blend
56$4,000,000$4,000,000$4,000,000$4,000,000
57$4,414,727$4,202,727$4,140,727$4,689,328
58$4,832,265$4,375,897$4,246,677$5,047,070
59$5,291,359$4,556,519$4,355,144$5,433,947
60$5,796,217$4,744,927$4,466,180$5,856,264
61$6,351,472$4,941,469$4,579,838$6,317,503
62$6,962,230$5,146,509$4,696,170$6,821,498
63$7,634,116$5,360,427$4,815,232$7,372,470
64$8,373,331$5,583,622$4,937,076$7,975,064
65$9,186,701$5,816,511$5,061,759$8,634,395
66$10,081,754$6,059,529$5,189,337$9,356,094
67$11,066,779$6,313,132$5,319,866$10,146,360
68$12,150,912$6,577,797$5,453,403$11,012,021
69$13,344,219$6,854,023$5,590,006$11,960,593
70$14,657,792$7,142,333$5,729,734$13,000,354
71$16,103,852$7,443,273$5,872,646$14,140,419
72$17,695,866$7,757,414$6,018,800$15,390,826
73$19,448,671$8,085,354$6,168,257$16,762,632
74$21,378,620$8,427,720$6,321,077$18,268,013
75$23,503,728$8,785,167$6,477,322$19,920,379
76$25,843,848$9,158,381$6,637,053$21,734,502
77$28,420,857$9,548,078$6,800,330$23,726,650
78$31,258,860$9,955,010$6,967,217$25,914,746
79$34,384,420$10,379,962$7,137,776$28,318,529
80$37,826,809$10,823,757$7,312,068$30,959,744
81$41,618,278$11,287,256$7,490,158$33,862,345
82$45,794,372$11,771,361$7,672,107$37,052,718
83$50,394,254$12,277,014$7,857,979$40,559,931
84$55,461,084$12,805,203$8,047,837$44,416,008
85$61,042,418$13,356,962$8,241,744$48,656,226
86$67,190,664$13,933,373$8,439,761$53,319,452
87$73,963,572$14,535,568$8,641,953$58,448,503
88$81,424,779$15,164,734$8,848,382$64,090,553
89$89,644,412$15,822,112$9,059,108$70,297,572
90$98,699,749$16,509,002$9,274,195$77,126,822
91$108,675,945$17,226,765$9,493,703$84,641,388
92$119,666,842$17,976,826$9,717,692$92,910,778
93$131,775,847$18,760,678$9,946,222$102,011,575
94$145,116,915$19,579,883$10,179,352$112,028,155
95$159,815,620$20,436,077$10,417,140$123,053,488
96$176,010,341$21,330,973$10,659,642$135,190,007
97$193,853,570$22,266,364$10,906,914$148,550,577
98$213,513,349$23,244,131$11,159,010$163,259,558
99$235,174,857$24,266,239$11,415,983$179,453,974
100$259,042,157$25,334,750$11,677,884$197,284,807