Can I retire at age 57 with 4,300,000?

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 $4,300,000?

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$355,090$351,927$348,841$345,829$342,888$340,870
2 years$175,787$172,513$169,340$166,264$163,280$161,244
3 years$116,027$112,739$109,574$106,527$103,592$101,601
4 years$86,153$82,875$79,742$76,747$73,882$71,952
5 years$68,234$64,975$61,883$58,949$56,164$54,300
6 years$56,291$53,057$50,011$47,142$44,441$42,645
7 years$47,764$44,557$41,559$38,758$36,142$34,416
8 years$41,371$38,194$35,245$32,513$29,984$28,327
9 years$36,402$33,255$30,357$27,694$25,250$23,663
10 years$32,429$29,312$26,466$23,872$21,515$19,995
11 years$29,181$26,095$23,300$20,776$18,503$17,051
12 years$26,475$23,422$20,678$18,223$16,035$14,649
13 years$24,188$21,166$18,475$16,089$13,982$12,661
14 years$22,229$19,239$16,600$14,282$12,257$10,999
15 years$20,533$17,576$14,987$12,737$10,792$9,595
16 years$19,051$16,125$13,588$11,404$9,538$8,401
17 years$17,744$14,851$12,365$10,247$8,457$7,378
18 years$16,583$13,723$11,287$9,234$7,520$6,497
19 years$15,546$12,718$10,333$8,344$6,702$5,734
20 years$14,614$11,818$9,483$7,557$5,987$5,071
21 years$13,772$11,008$8,723$6,859$5,357$4,492
22 years$13,007$10,276$8,039$6,236$4,802$3,985
23 years$12,310$9,611$7,423$5,679$4,311$3,540
24 years$11,672$9,005$6,865$5,180$3,875$3,148
25 years$11,086$8,450$6,358$4,731$3,487$2,803
26 years$10,546$7,942$5,897$4,325$3,141$2,498
27 years$10,047$7,474$5,476$3,959$2,831$2,227
28 years$9,584$7,043$5,090$3,627$2,555$1,988
29 years$9,154$6,644$4,737$3,326$2,307$1,775
30 years$8,753$6,275$4,412$3,053$2,085$1,586
31 years$8,379$5,932$4,114$2,804$1,885$1,418
32 years$8,029$5,613$3,838$2,577$1,705$1,268
33 years$7,701$5,315$3,584$2,369$1,543$1,134
34 years$7,393$5,038$3,348$2,180$1,397$1,015
35 years$7,103$4,778$3,130$2,007$1,265$909
36 years$6,829$4,535$2,928$1,848$1,146$814
37 years$6,572$4,307$2,741$1,703$1,039$729
38 years$6,328$4,094$2,567$1,570$942$653
39 years$6,097$3,893$2,405$1,447$854$585
40 years$5,879$3,704$2,254$1,335$775$525
41 years$5,671$3,525$2,114$1,232$703$470
42 years$5,475$3,357$1,983$1,137$638$422
43 years$5,287$3,199$1,860$1,049$579$378
44 years$5,109$3,049$1,746$969$525$339
45 years$4,939$2,908$1,640$895$477$304
46 years$4,777$2,774$1,540$826$433$273
47 years$4,623$2,647$1,447$764$393$245
48 years$4,475$2,527$1,360$706$357$220
49 years$4,334$2,413$1,278$652$324$197
50 years$4,198$2,305$1,202$603$295$177

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,300,000, adding $5,292 every year, while hoping to spend $58,493 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: 80/14/6 Blend
56$4,300,000$4,300,000$4,300,000$4,300,000
57$4,744,059$4,516,159$4,449,509$5,121,025
58$5,165,717$4,675,214$4,536,331$5,527,626
59$5,628,423$4,840,103$4,624,102$5,965,384
60$6,136,304$5,011,050$4,712,790$6,443,919
61$6,693,902$5,188,286$4,802,364$6,967,270
62$7,306,224$5,372,056$4,892,787$7,539,883
63$7,978,783$5,562,612$4,984,020$8,166,654
64$8,717,654$5,760,215$5,076,020$8,852,975
65$9,529,528$5,965,139$5,168,740$9,604,782
66$10,421,778$6,177,669$5,262,131$10,428,613
67$11,402,525$6,398,100$5,356,138$11,331,669
68$12,480,716$6,626,741$5,450,702$12,321,879
69$13,666,210$6,863,911$5,545,761$13,407,977
70$14,969,867$7,109,946$5,641,247$14,599,584
71$16,403,652$7,365,192$5,737,088$15,907,295
72$17,980,749$7,630,011$5,833,205$17,342,781
73$19,715,684$7,904,780$5,929,516$18,918,898
74$21,624,460$8,189,891$6,025,931$20,649,807
75$23,724,711$8,485,752$6,122,356$22,551,110
76$26,035,867$8,792,789$6,218,691$24,639,991
77$28,579,335$9,111,445$6,314,826$26,935,381
78$31,378,702$9,442,181$6,410,648$29,458,136
79$34,459,959$9,785,478$6,506,034$32,231,234
80$37,851,745$10,141,835$6,600,856$35,279,987
81$41,585,613$10,511,776$6,694,975$38,632,282
82$45,696,336$10,895,844$6,788,247$42,318,845
83$50,222,226$11,294,603$6,880,517$46,373,526
84$55,205,499$11,708,645$6,971,620$50,833,621
85$60,692,676$12,138,585$7,061,385$55,740,220
86$66,735,015$12,585,062$7,149,628$61,138,598
87$73,389,001$13,048,744$7,236,155$67,078,637
88$80,716,875$13,530,328$7,320,762$73,615,298
89$88,787,221$14,030,539$7,403,232$80,809,140
90$97,675,615$14,550,133$7,483,338$88,726,887
91$107,465,336$15,089,898$7,560,838$97,442,059
92$118,248,153$15,650,655$7,635,479$107,035,665
93$130,125,190$16,233,263$7,706,993$117,596,966
94$143,207,880$16,838,613$7,775,098$129,224,316
95$157,619,017$17,467,639$7,839,497$142,026,088
96$173,493,914$18,121,310$7,899,877$156,121,698
97$190,981,680$18,800,641$7,955,909$171,642,730
98$210,246,626$19,506,687$8,007,248$188,734,175
99$231,469,819$20,240,552$8,053,527$207,555,800
100$254,850,785$21,003,384$8,094,365$228,283,655