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%14.6%
1 years$330,316$327,374$324,503$321,702$318,966$312,910
2 years$163,523$160,477$157,526$154,664$151,888$145,811
3 years$107,932$104,874$101,930$99,095$96,364$90,454
4 years$80,143$77,093$74,179$71,392$68,728$63,031
5 years$63,473$60,442$57,566$54,836$52,246$46,778
6 years$52,364$49,356$46,522$43,853$41,340$36,109
7 years$44,431$41,449$38,660$36,054$33,621$28,626
8 years$38,485$35,529$32,787$30,245$27,892$23,132
9 years$33,863$30,935$28,239$25,762$23,489$18,962
10 years$30,167$27,267$24,619$22,207$20,014$15,715
11 years$27,145$24,274$21,675$19,327$17,212$13,137
12 years$24,628$21,787$19,236$16,952$14,916$11,059
13 years$22,501$19,689$17,186$14,966$13,007$9,361
14 years$20,678$17,897$15,441$13,285$11,402$7,961
15 years$19,101$16,349$13,942$11,848$10,039$6,796
16 years$17,722$15,000$12,640$10,609$8,873$5,820
17 years$16,506$13,815$11,502$9,532$7,867$4,997
18 years$15,426$12,765$10,500$8,590$6,995$4,301
19 years$14,462$11,831$9,612$7,762$6,235$3,708
20 years$13,595$10,994$8,821$7,030$5,569$3,203
21 years$12,811$10,240$8,114$6,380$4,984$2,770
22 years$12,100$9,559$7,478$5,801$4,467$2,398
23 years$11,451$8,940$6,905$5,283$4,010$2,079
24 years$10,858$8,376$6,386$4,818$3,604$1,804
25 years$10,313$7,861$5,915$4,400$3,243$1,566
26 years$9,810$7,388$5,486$4,024$2,921$1,361
27 years$9,346$6,953$5,094$3,683$2,634$1,183
28 years$8,915$6,552$4,735$3,374$2,377$1,029
29 years$8,515$6,181$4,407$3,094$2,146$895
30 years$8,142$5,837$4,105$2,840$1,939$779
31 years$7,794$5,518$3,827$2,608$1,753$678
32 years$7,469$5,221$3,570$2,397$1,586$591
33 years$7,163$4,945$3,334$2,204$1,435$515
34 years$6,877$4,686$3,115$2,028$1,299$448
35 years$6,607$4,445$2,912$1,867$1,177$391
36 years$6,353$4,219$2,724$1,719$1,066$341
37 years$6,113$4,007$2,550$1,584$966$297
38 years$5,886$3,808$2,388$1,460$876$259
39 years$5,672$3,621$2,237$1,346$795$226
40 years$5,469$3,445$2,097$1,242$721$197
41 years$5,276$3,279$1,966$1,146$654$172
42 years$5,093$3,123$1,844$1,057$593$150
43 years$4,918$2,976$1,731$976$538$131
44 years$4,753$2,837$1,624$901$489$114
45 years$4,595$2,705$1,525$832$444$99
46 years$4,444$2,580$1,433$769$403$87
47 years$4,300$2,462$1,346$710$366$76
48 years$4,163$2,351$1,265$656$332$66
49 years$4,031$2,245$1,189$607$302$58
50 years$3,905$2,144$1,118$561$274$50

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 $4,754 every year, while hoping to spend $49,697 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: 61/28/11 Blend
56$4,000,000$4,000,000$4,000,000$4,000,000
57$4,412,904$4,200,904$4,138,904$4,670,472
58$4,810,143$4,353,871$4,224,680$4,996,786
59$5,246,234$4,512,668$4,311,664$5,346,599
60$5,725,089$4,677,527$4,399,844$5,727,079
61$6,251,015$4,848,693$4,489,205$6,141,192
62$6,828,758$5,026,418$4,579,732$6,592,200
63$7,463,544$5,210,965$4,671,406$7,083,694
64$8,161,134$5,402,611$4,764,207$7,619,622
65$8,927,871$5,601,641$4,858,109$8,204,333
66$9,770,746$5,808,353$4,953,088$8,842,609
67$10,697,460$6,023,060$5,049,115$9,539,714
68$11,716,497$6,246,086$5,146,156$10,301,446
69$12,837,204$6,477,769$5,244,176$11,134,182
70$14,069,880$6,718,461$5,343,138$12,044,945
71$15,425,873$6,968,531$5,442,998$13,041,466
72$16,917,684$7,228,361$5,543,711$14,132,256
73$18,559,089$7,498,351$5,645,226$15,326,689
74$20,365,265$7,778,919$5,747,490$16,635,082
75$22,352,935$8,070,499$5,850,443$18,068,798
76$24,540,525$8,373,545$5,954,024$19,640,351
77$26,948,339$8,688,528$6,058,164$21,363,519
78$29,598,747$9,015,944$6,162,790$23,253,478
79$32,516,399$9,356,305$6,267,824$25,326,941
80$35,728,457$9,710,150$6,373,181$27,602,314
81$39,264,850$10,078,037$6,478,773$30,099,870
82$43,158,556$10,460,552$6,584,503$32,841,940
83$47,445,913$10,858,304$6,690,268$35,853,118
84$52,166,965$11,271,929$6,795,961$39,160,497
85$57,365,833$11,702,091$6,901,463$42,793,918
86$63,091,137$12,149,483$7,006,651$46,786,255
87$69,396,453$12,614,827$7,111,394$51,173,719
88$76,340,817$13,098,879$7,215,551$55,996,202
89$83,989,283$13,602,427$7,318,975$61,297,650
90$92,413,535$14,126,292$7,421,506$67,126,474
91$101,692,568$14,671,332$7,522,979$73,536,008
92$111,913,427$15,238,445$7,623,216$80,585,011
93$123,172,033$15,828,565$7,722,030$88,338,215
94$135,574,085$16,442,669$7,819,222$96,866,939
95$149,236,059$17,081,777$7,914,583$106,249,756
96$164,286,306$17,746,953$8,007,892$116,573,235
97$180,866,267$18,439,311$8,098,913$127,932,754
98$199,131,800$19,160,012$8,187,401$140,433,399
99$219,254,659$19,910,267$8,273,094$154,190,953
100$241,424,108$20,691,345$8,355,717$169,332,985