Can I retire at age 57 with 4,200,000?

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 $4,200,000?

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$346,832$343,743$340,729$337,787$334,914$328,555
2 years$171,699$168,501$165,402$162,397$159,483$153,101
3 years$113,329$110,117$107,026$104,050$101,182$94,977
4 years$84,150$80,948$77,888$74,962$72,164$66,183
5 years$66,647$63,464$60,444$57,578$54,858$49,117
6 years$54,982$51,823$48,848$46,046$43,407$37,914
7 years$46,653$43,521$40,593$37,857$35,302$30,057
8 years$40,409$37,306$34,426$31,757$29,286$24,289
9 years$35,556$32,481$29,651$27,050$24,663$19,910
10 years$31,675$28,631$25,850$23,317$21,014$16,501
11 years$28,502$25,488$22,758$20,293$18,073$13,794
12 years$25,860$22,877$20,197$17,800$15,662$11,612
13 years$23,626$20,674$18,045$15,714$13,657$9,829
14 years$21,712$18,792$16,214$13,950$11,972$8,359
15 years$20,056$17,167$14,639$12,441$10,541$7,135
16 years$18,608$15,750$13,272$11,139$9,316$6,111
17 years$17,331$14,505$12,077$10,008$8,260$5,247
18 years$16,198$13,404$11,025$9,020$7,345$4,516
19 years$15,185$12,422$10,093$8,150$6,547$3,894
20 years$14,274$11,543$9,263$7,381$5,847$3,363
21 years$13,452$10,752$8,520$6,699$5,233$2,908
22 years$12,705$10,037$7,852$6,091$4,690$2,518
23 years$12,024$9,387$7,250$5,547$4,210$2,183
24 years$11,401$8,795$6,705$5,059$3,784$1,894
25 years$10,828$8,254$6,210$4,621$3,405$1,644
26 years$10,301$7,757$5,760$4,225$3,067$1,429
27 years$9,813$7,301$5,348$3,867$2,766$1,242
28 years$9,361$6,879$4,972$3,543$2,495$1,080
29 years$8,941$6,490$4,627$3,249$2,253$940
30 years$8,549$6,129$4,310$2,982$2,036$818
31 years$8,184$5,794$4,018$2,739$1,841$712
32 years$7,842$5,482$3,749$2,517$1,665$620
33 years$7,522$5,192$3,500$2,314$1,507$540
34 years$7,221$4,921$3,270$2,129$1,364$471
35 years$6,937$4,667$3,058$1,960$1,236$410
36 years$6,671$4,430$2,860$1,805$1,120$358
37 years$6,419$4,207$2,677$1,663$1,015$312
38 years$6,181$3,998$2,507$1,533$920$272
39 years$5,956$3,802$2,349$1,414$834$237
40 years$5,742$3,617$2,202$1,304$757$207
41 years$5,540$3,443$2,064$1,203$687$180
42 years$5,347$3,279$1,937$1,110$623$157
43 years$5,164$3,125$1,817$1,025$565$137
44 years$4,990$2,978$1,706$946$513$120
45 years$4,824$2,840$1,602$874$466$104
46 years$4,666$2,709$1,504$807$423$91
47 years$4,515$2,586$1,413$746$384$79
48 years$4,371$2,468$1,328$689$349$69
49 years$4,233$2,357$1,248$637$317$60
50 years$4,101$2,252$1,174$589$288$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,200,000, adding $6,362 every year, while hoping to spend $37,004 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: 40/50/10 Blend
56$4,200,000$4,200,000$4,200,000$4,200,000
57$4,634,962$4,412,362$4,347,262$4,806,215
58$5,068,357$4,589,196$4,453,524$5,104,140
59$5,544,717$4,773,455$4,562,105$5,422,070
60$6,068,386$4,965,462$4,673,044$5,765,165
61$6,644,151$5,165,559$4,786,380$6,135,716
62$7,277,282$5,374,099$4,902,151$6,536,238
63$7,973,589$5,591,454$5,020,397$6,969,490
64$8,739,470$5,818,011$5,141,156$7,438,499
65$9,581,978$6,054,175$5,264,466$7,946,591
66$10,508,880$6,300,370$5,390,366$8,497,417
67$11,528,737$6,557,039$5,518,895$9,094,985
68$12,650,980$6,824,646$5,650,090$9,743,701
69$13,886,001$7,103,674$5,783,988$10,448,403
70$15,245,249$7,394,630$5,920,628$11,214,408
71$16,741,341$7,698,044$6,060,046$12,047,558
72$18,388,178$8,014,469$6,202,278$12,954,276
73$20,201,078$8,344,484$6,347,360$13,941,621
74$22,196,920$8,688,695$6,495,328$15,017,354
75$24,394,299$9,047,735$6,646,215$16,190,010
76$26,813,711$9,422,267$6,800,057$17,468,972
77$29,477,735$9,812,983$6,956,884$18,864,562
78$32,411,254$10,220,609$7,116,729$20,388,130
79$35,641,685$10,645,903$7,279,623$22,052,164
80$39,199,242$11,089,657$7,445,596$23,870,401
81$43,117,216$11,552,701$7,614,674$25,857,953
82$47,432,292$12,035,904$7,786,886$28,031,450
83$52,184,895$12,540,173$7,962,256$30,409,190
84$57,419,571$13,066,458$8,140,808$33,011,310
85$63,185,406$13,615,753$8,322,564$35,859,971
86$69,536,491$14,189,098$8,507,544$38,979,563
87$76,532,431$14,787,582$8,695,764$42,396,934
88$84,238,908$15,412,343$8,887,242$46,141,634
89$92,728,301$16,064,572$9,081,989$50,246,196
90$102,080,369$16,745,517$9,280,016$54,746,432
91$112,383,002$17,456,482$9,481,332$59,681,769
92$123,733,052$18,198,834$9,685,940$65,095,618
93$136,237,247$18,974,000$9,893,843$71,035,773
94$150,013,197$19,783,478$10,105,038$77,554,862
95$165,190,507$20,628,832$10,319,521$84,710,836
96$181,911,995$21,511,701$10,537,281$92,567,506
97$200,335,045$22,433,801$10,758,307$101,195,148
98$220,633,089$23,396,927$10,982,579$110,671,149
99$242,997,245$24,402,957$11,210,076$121,080,738
100$267,638,122$25,453,860$11,440,772$132,517,781