Can I retire at age 57 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$338,574$335,558$332,616$329,744$326,940$313,968
2 years$167,611$164,489$161,464$158,531$155,686$142,778
3 years$110,631$107,496$104,478$101,572$98,773$86,336
4 years$82,146$79,021$76,033$73,177$70,446$58,573
5 years$65,060$61,953$59,005$56,207$53,552$42,274
6 years$53,673$50,589$47,685$44,949$42,374$31,698
7 years$45,542$42,485$39,626$36,955$34,461$24,384
8 years$39,447$36,417$33,606$31,001$28,589$19,100
9 years$34,709$31,708$28,945$26,406$24,076$15,161
10 years$30,921$27,949$25,235$22,762$20,514$12,155
11 years$27,823$24,881$22,216$19,810$17,643$9,820
12 years$25,244$22,332$19,716$17,376$15,289$7,982
13 years$23,063$20,182$17,615$15,340$13,332$6,519
14 years$21,195$18,345$15,827$13,617$11,687$5,345
15 years$19,578$16,758$14,290$12,144$10,290$4,395
16 years$18,165$15,375$12,956$10,874$9,094$3,623
17 years$16,918$14,160$11,790$9,770$8,064$2,993
18 years$15,812$13,085$10,762$8,805$7,170$2,477
19 years$14,823$12,127$9,852$7,956$6,391$2,052
20 years$13,935$11,269$9,042$7,206$5,708$1,702
21 years$13,132$10,496$8,317$6,540$5,108$1,413
22 years$12,402$9,798$7,665$5,946$4,579$1,174
23 years$11,738$9,164$7,078$5,415$4,110$976
24 years$11,129$8,586$6,546$4,939$3,694$812
25 years$10,570$8,057$6,062$4,510$3,324$676
26 years$10,055$7,573$5,623$4,124$2,994$563
27 years$9,579$7,127$5,221$3,775$2,700$469
28 years$9,138$6,716$4,854$3,459$2,436$390
29 years$8,728$6,335$4,517$3,172$2,200$325
30 years$8,346$5,983$4,207$2,911$1,988$271
31 years$7,989$5,656$3,922$2,673$1,797$226
32 years$7,655$5,352$3,660$2,457$1,625$188
33 years$7,342$5,068$3,417$2,259$1,471$157
34 years$7,049$4,803$3,193$2,079$1,332$131
35 years$6,772$4,556$2,985$1,914$1,206$109
36 years$6,512$4,324$2,792$1,762$1,093$91
37 years$6,266$4,107$2,614$1,624$991$76
38 years$6,034$3,903$2,447$1,497$898$63
39 years$5,814$3,712$2,293$1,380$814$53
40 years$5,605$3,531$2,149$1,273$739$44
41 years$5,408$3,361$2,015$1,174$670$37
42 years$5,220$3,201$1,890$1,084$608$31
43 years$5,041$3,050$1,774$1,000$552$26
44 years$4,871$2,907$1,665$924$501$21
45 years$4,709$2,773$1,563$853$455$18
46 years$4,555$2,645$1,468$788$413$15
47 years$4,408$2,524$1,380$728$375$12
48 years$4,267$2,410$1,296$673$341$10
49 years$4,132$2,301$1,219$622$309$9
50 years$4,003$2,198$1,146$575$281$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,100,000, adding $2,588 every year, while hoping to spend $40,507 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: 71/16/13 Blend
56$4,100,000$4,100,000$4,100,000$4,100,000
57$4,520,870$4,303,570$4,240,020$4,828,972
58$4,938,899$4,471,345$4,338,961$5,201,372
59$5,398,210$4,645,984$4,439,859$5,603,729
60$5,902,970$4,827,781$4,542,738$6,043,116
61$6,457,772$5,017,040$4,647,618$6,523,183
62$7,067,673$5,214,083$4,754,521$7,047,942
63$7,738,247$5,419,245$4,863,469$7,621,815
64$8,475,634$5,632,874$4,974,481$8,249,666
65$9,286,599$5,855,336$5,087,577$8,936,853
66$10,178,597$6,087,011$5,202,775$9,689,274
67$11,159,837$6,328,299$5,320,092$10,513,424
68$12,239,370$6,579,615$5,439,545$11,416,453
69$13,427,164$6,841,394$5,561,147$12,406,239
70$14,734,203$7,114,090$5,684,914$13,491,452
71$16,172,590$7,398,180$5,810,857$14,681,644
72$17,755,662$7,694,157$5,938,988$15,987,335
73$19,498,110$8,002,542$6,069,315$17,420,108
74$21,416,127$8,323,876$6,201,847$18,992,724
75$23,527,551$8,658,725$6,336,588$20,719,238
76$25,852,040$9,007,682$6,473,543$22,615,129
77$28,411,255$9,371,365$6,612,713$24,697,449
78$31,229,062$9,750,421$6,754,098$26,984,982
79$34,331,762$10,145,527$6,897,695$29,498,417
80$37,748,332$10,557,388$7,043,499$32,260,547
81$41,510,707$10,986,745$7,191,501$35,296,479
82$45,654,074$11,434,370$7,341,691$38,633,875
83$50,217,206$11,901,071$7,494,054$42,303,204
84$55,242,829$12,387,692$7,648,573$46,338,037
85$60,778,026$12,895,117$7,805,229$50,775,356
86$66,874,675$13,424,269$7,963,995$55,655,906
87$73,589,948$13,976,114$8,124,845$61,024,576
88$80,986,842$14,551,662$8,287,746$66,930,823
89$89,134,776$15,151,970$8,452,662$73,429,134
90$98,110,249$15,778,142$8,619,552$80,579,543
91$107,997,557$16,431,334$8,788,370$88,448,194
92$118,889,593$17,112,755$8,959,065$97,107,964
93$130,888,720$17,823,668$9,131,582$106,639,148
94$144,107,737$18,565,396$9,305,858$117,130,218
95$158,670,948$19,339,322$9,481,826$128,678,655
96$174,715,330$20,146,893$9,659,412$141,391,864
97$192,391,826$20,989,624$9,838,535$155,388,192
98$211,866,775$21,869,098$10,019,108$170,798,038
99$233,323,474$22,786,972$10,201,037$187,765,085
100$256,963,915$23,744,980$10,384,218$206,447,651