Can I retire at age 57 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$363,348$360,111$356,954$353,872$350,862$341,549
2 years$179,875$176,525$173,278$170,131$167,077$157,759
3 years$118,726$115,361$112,123$109,004$106,001$96,970
4 years$88,157$84,803$81,597$78,531$75,601$66,926
5 years$69,820$66,486$63,322$60,320$57,470$49,176
6 years$57,600$54,291$51,174$48,238$45,474$37,568
7 years$48,875$45,594$42,526$39,659$36,983$29,465
8 years$42,334$39,082$36,065$33,269$30,681$23,548
9 years$37,249$34,028$31,063$28,338$25,838$19,084
10 years$33,183$29,994$27,081$24,428$22,015$15,631
11 years$29,859$26,702$23,842$21,259$18,934$12,910
12 years$27,091$23,966$21,159$18,647$16,407$10,733
13 years$24,751$21,658$18,904$16,463$14,308$8,971
14 years$22,746$19,687$16,986$14,614$12,542$7,531
15 years$21,011$17,984$15,336$13,033$11,043$6,344
16 years$19,494$16,500$13,904$11,670$9,760$5,360
17 years$18,156$15,196$12,652$10,485$8,654$4,540
18 years$16,969$14,042$11,550$9,449$7,694$3,853
19 years$15,908$13,014$10,573$8,538$6,858$3,276
20 years$14,954$12,093$9,704$7,733$6,126$2,789
21 years$14,092$11,264$8,925$7,018$5,482$2,377
22 years$13,310$10,515$8,226$6,381$4,914$2,028
23 years$12,597$9,834$7,595$5,811$4,411$1,732
24 years$11,944$9,214$7,024$5,300$3,965$1,480
25 years$11,344$8,647$6,506$4,841$3,568$1,266
26 years$10,791$8,127$6,034$4,426$3,214$1,083
27 years$10,280$7,648$5,603$4,051$2,897$927
28 years$9,807$7,207$5,209$3,712$2,614$794
29 years$9,367$6,799$4,847$3,404$2,361$680
30 years$8,956$6,421$4,515$3,124$2,133$583
31 years$8,574$6,070$4,209$2,869$1,928$500
32 years$8,216$5,743$3,927$2,637$1,744$428
33 years$7,880$5,439$3,667$2,425$1,579$367
34 years$7,564$5,155$3,426$2,231$1,429$315
35 years$7,268$4,889$3,203$2,054$1,295$270
36 years$6,988$4,641$2,997$1,891$1,173$232
37 years$6,724$4,408$2,805$1,743$1,063$199
38 years$6,475$4,189$2,627$1,606$964$171
39 years$6,239$3,983$2,461$1,481$874$146
40 years$6,015$3,790$2,306$1,366$793$126
41 years$5,803$3,607$2,163$1,260$719$108
42 years$5,602$3,436$2,029$1,163$653$92
43 years$5,410$3,273$1,904$1,074$592$79
44 years$5,228$3,120$1,787$991$538$68
45 years$5,054$2,975$1,678$916$488$58
46 years$4,888$2,838$1,576$846$443$50
47 years$4,730$2,709$1,481$781$402$43
48 years$4,579$2,586$1,391$722$365$37
49 years$4,434$2,469$1,308$667$332$32
50 years$4,296$2,359$1,229$617$301$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,400,000, adding $3,812 every year, while hoping to spend $56,113 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: 81/10/9 Blend
56$4,400,000$4,400,000$4,400,000$4,400,000
57$4,852,732$4,619,532$4,551,332$5,239,221
58$5,288,007$4,786,185$4,644,098$5,659,628
59$5,765,799$4,959,124$4,738,091$6,113,169
60$6,290,386$5,138,597$4,833,292$6,609,283
61$6,866,480$5,324,863$4,929,682$7,152,203
62$7,499,272$5,518,191$5,027,237$7,746,586
63$8,194,479$5,718,864$5,125,931$8,397,565
64$8,958,401$5,927,174$5,225,735$9,110,791
65$9,797,978$6,143,425$5,326,617$9,892,488
66$10,720,855$6,367,937$5,428,542$10,749,510
67$11,735,456$6,601,039$5,531,472$11,689,407
68$12,851,059$6,843,076$5,635,363$12,720,495
69$14,077,890$7,094,410$5,740,170$13,851,934
70$15,427,212$7,355,413$5,845,843$15,093,814
71$16,911,436$7,626,476$5,952,327$16,457,248
72$18,544,236$7,908,008$6,059,564$17,954,480
73$20,340,679$8,200,431$6,167,490$19,598,998
74$22,317,364$8,504,188$6,276,037$21,405,658
75$24,492,582$8,819,740$6,385,131$23,390,830
76$26,886,486$9,147,568$6,494,693$25,572,545
77$29,521,281$9,488,173$6,604,640$27,970,670
78$32,421,436$9,842,077$6,714,879$30,607,091
79$35,613,909$10,209,825$6,825,314$33,505,922
80$39,128,407$10,591,986$6,935,842$36,693,730
81$42,997,664$10,989,153$7,046,351$40,199,784
82$47,257,746$11,401,942$7,156,725$44,056,334
83$51,948,398$11,830,999$7,266,837$48,298,912
84$57,113,413$12,276,996$7,376,554$52,966,668
85$62,801,047$12,740,635$7,485,735$58,102,737
86$69,064,475$13,222,647$7,594,228$63,754,646
87$75,962,291$13,723,796$7,701,874$69,974,763
88$83,559,061$14,244,878$7,808,503$76,820,790
89$91,925,933$14,786,725$7,913,935$84,356,306
90$101,141,307$15,350,204$8,017,981$92,651,365
91$111,291,576$15,936,219$8,120,439$101,783,160
92$122,471,938$16,545,715$8,221,095$111,836,748
93$134,787,299$17,179,679$8,319,725$122,905,851
94$148,353,258$17,839,138$8,416,091$135,093,742
95$163,297,201$18,525,167$8,509,941$148,514,219
96$179,759,502$19,238,886$8,601,010$163,292,674
97$197,894,846$19,981,466$8,689,019$179,567,281
98$217,873,691$20,754,129$8,773,671$197,490,294
99$239,883,876$21,558,149$8,854,658$217,229,489
100$264,132,392$22,394,859$8,931,650$238,969,739