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%16.1%
1 years$346,832$343,743$340,729$337,787$334,914$326,552
2 years$171,699$168,501$165,402$162,397$159,483$151,112
3 years$113,329$110,117$107,026$104,050$101,182$93,063
4 years$84,150$80,948$77,888$74,962$72,164$64,360
5 years$66,647$63,464$60,444$57,578$54,858$47,390
6 years$54,982$51,823$48,848$46,046$43,407$36,283
7 years$46,653$43,521$40,593$37,857$35,302$28,522
8 years$40,409$37,306$34,426$31,757$29,286$22,848
9 years$35,556$32,481$29,651$27,050$24,663$18,561
10 years$31,675$28,631$25,850$23,317$21,014$15,241
11 years$28,502$25,488$22,758$20,293$18,073$12,620
12 years$25,860$22,877$20,197$17,800$15,662$10,520
13 years$23,626$20,674$18,045$15,714$13,657$8,816
14 years$21,712$18,792$16,214$13,950$11,972$7,421
15 years$20,056$17,167$14,639$12,441$10,541$6,269
16 years$18,608$15,750$13,272$11,139$9,316$5,312
17 years$17,331$14,505$12,077$10,008$8,260$4,512
18 years$16,198$13,404$11,025$9,020$7,345$3,841
19 years$15,185$12,422$10,093$8,150$6,547$3,275
20 years$14,274$11,543$9,263$7,381$5,847$2,797
21 years$13,452$10,752$8,520$6,699$5,233$2,391
22 years$12,705$10,037$7,852$6,091$4,690$2,047
23 years$12,024$9,387$7,250$5,547$4,210$1,753
24 years$11,401$8,795$6,705$5,059$3,784$1,503
25 years$10,828$8,254$6,210$4,621$3,405$1,290
26 years$10,301$7,757$5,760$4,225$3,067$1,107
27 years$9,813$7,301$5,348$3,867$2,766$951
28 years$9,361$6,879$4,972$3,543$2,495$817
29 years$8,941$6,490$4,627$3,249$2,253$702
30 years$8,549$6,129$4,310$2,982$2,036$604
31 years$8,184$5,794$4,018$2,739$1,841$519
32 years$7,842$5,482$3,749$2,517$1,665$446
33 years$7,522$5,192$3,500$2,314$1,507$384
34 years$7,221$4,921$3,270$2,129$1,364$331
35 years$6,937$4,667$3,058$1,960$1,236$284
36 years$6,671$4,430$2,860$1,805$1,120$245
37 years$6,419$4,207$2,677$1,663$1,015$211
38 years$6,181$3,998$2,507$1,533$920$181
39 years$5,956$3,802$2,349$1,414$834$156
40 years$5,742$3,617$2,202$1,304$757$134
41 years$5,540$3,443$2,064$1,203$687$116
42 years$5,347$3,279$1,937$1,110$623$100
43 years$5,164$3,125$1,817$1,025$565$86
44 years$4,990$2,978$1,706$946$513$74
45 years$4,824$2,840$1,602$874$466$64
46 years$4,666$2,709$1,504$807$423$55
47 years$4,515$2,586$1,413$746$384$47
48 years$4,371$2,468$1,328$689$349$41
49 years$4,233$2,357$1,248$637$317$35
50 years$4,101$2,252$1,174$589$288$30

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 $2,098 every year, while hoping to spend $51,246 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: 78/8/14 Blend
56$4,200,000$4,200,000$4,200,000$4,200,000
57$4,630,564$4,407,964$4,342,864$4,978,342
58$5,048,356$4,569,429$4,433,825$5,369,169
59$5,507,046$4,737,088$4,526,115$5,791,015
60$6,010,750$4,911,191$4,619,725$6,252,290
61$6,564,004$5,091,997$4,714,644$6,756,914
62$7,171,806$5,279,778$4,810,858$7,309,202
63$7,839,658$5,474,816$4,908,350$7,913,906
64$8,573,627$5,677,405$5,007,102$8,576,263
65$9,380,391$5,887,852$5,107,095$9,302,036
66$10,267,311$6,106,476$5,208,302$10,097,575
67$11,242,495$6,333,613$5,310,699$10,969,876
68$12,314,878$6,569,608$5,414,256$11,926,642
69$13,494,302$6,814,825$5,518,940$12,976,360
70$14,791,611$7,069,642$5,624,715$14,128,376
71$16,218,754$7,334,453$5,731,541$15,392,991
72$17,788,894$7,609,669$5,839,376$16,781,546
73$19,516,538$7,895,719$5,948,171$18,306,541
74$21,417,667$8,193,051$6,057,877$19,981,741
75$23,509,889$8,502,131$6,168,436$21,822,315
76$25,812,609$8,823,446$6,279,789$23,844,974
77$28,347,204$9,157,504$6,391,871$26,068,126
78$31,137,231$9,504,835$6,504,612$28,512,056
79$34,208,648$9,865,991$6,617,935$31,199,109
80$37,590,055$10,241,549$6,731,761$34,153,908
81$41,312,967$10,632,112$6,846,002$37,403,580
82$45,412,112$11,038,307$6,960,565$40,978,013
83$49,925,753$11,460,790$7,075,350$44,910,141
84$54,896,057$11,900,245$7,190,251$49,236,248
85$60,369,484$12,357,387$7,305,154$53,996,315
86$66,397,233$12,832,961$7,419,938$59,234,395
87$73,035,720$13,327,745$7,534,475$64,999,028
88$80,347,110$13,842,551$7,648,626$71,343,698
89$88,399,907$14,378,228$7,762,247$78,327,338
90$97,269,597$14,935,660$7,875,182$86,014,885
91$107,039,362$15,515,774$7,987,267$94,477,894
92$117,800,863$16,119,533$8,098,326$103,795,208
93$129,655,107$16,747,946$8,208,176$114,053,707
94$142,713,399$17,402,066$8,316,621$125,349,125
95$157,098,391$18,082,992$8,423,453$137,786,952
96$172,945,241$18,791,873$8,528,452$151,483,429
97$190,402,888$19,529,907$8,631,388$166,566,646
98$209,635,458$20,298,348$8,732,015$183,177,749
99$230,823,812$21,098,504$8,830,075$201,472,271
100$254,167,252$21,931,743$8,925,294$221,621,601