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

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$363,348$360,111$356,954$353,872$350,862$347,343
2 years$179,875$176,525$173,278$170,131$167,077$163,532
3 years$118,726$115,361$112,123$109,004$106,001$102,540
4 years$88,157$84,803$81,597$78,531$75,601$72,251
5 years$69,820$66,486$63,322$60,320$57,470$54,242
6 years$57,600$54,291$51,174$48,238$45,474$42,371
7 years$48,875$45,594$42,526$39,659$36,983$34,006
8 years$42,334$39,082$36,065$33,269$30,681$27,831
9 years$37,249$34,028$31,063$28,338$25,838$23,113
10 years$33,183$29,994$27,081$24,428$22,015$19,414
11 years$29,859$26,702$23,842$21,259$18,934$16,454
12 years$27,091$23,966$21,159$18,647$16,407$14,047
13 years$24,751$21,658$18,904$16,463$14,308$12,063
14 years$22,746$19,687$16,986$14,614$12,542$10,410
15 years$21,011$17,984$15,336$13,033$11,043$9,021
16 years$19,494$16,500$13,904$11,670$9,760$7,845
17 years$18,156$15,196$12,652$10,485$8,654$6,842
18 years$16,969$14,042$11,550$9,449$7,694$5,982
19 years$15,908$13,014$10,573$8,538$6,858$5,242
20 years$14,954$12,093$9,704$7,733$6,126$4,602
21 years$14,092$11,264$8,925$7,018$5,482$4,047
22 years$13,310$10,515$8,226$6,381$4,914$3,563
23 years$12,597$9,834$7,595$5,811$4,411$3,141
24 years$11,944$9,214$7,024$5,300$3,965$2,773
25 years$11,344$8,647$6,506$4,841$3,568$2,449
26 years$10,791$8,127$6,034$4,426$3,214$2,166
27 years$10,280$7,648$5,603$4,051$2,897$1,916
28 years$9,807$7,207$5,209$3,712$2,614$1,696
29 years$9,367$6,799$4,847$3,404$2,361$1,503
30 years$8,956$6,421$4,515$3,124$2,133$1,332
31 years$8,574$6,070$4,209$2,869$1,928$1,181
32 years$8,216$5,743$3,927$2,637$1,744$1,047
33 years$7,880$5,439$3,667$2,425$1,579$929
34 years$7,564$5,155$3,426$2,231$1,429$825
35 years$7,268$4,889$3,203$2,054$1,295$732
36 years$6,988$4,641$2,997$1,891$1,173$650
37 years$6,724$4,408$2,805$1,743$1,063$578
38 years$6,475$4,189$2,627$1,606$964$513
39 years$6,239$3,983$2,461$1,481$874$456
40 years$6,015$3,790$2,306$1,366$793$405
41 years$5,803$3,607$2,163$1,260$719$360
42 years$5,602$3,436$2,029$1,163$653$320
43 years$5,410$3,273$1,904$1,074$592$285
44 years$5,228$3,120$1,787$991$538$253
45 years$5,054$2,975$1,678$916$488$225
46 years$4,888$2,838$1,576$846$443$200
47 years$4,730$2,709$1,481$781$402$178
48 years$4,579$2,586$1,391$722$365$158
49 years$4,434$2,469$1,308$667$332$141
50 years$4,296$2,359$1,229$617$301$125

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 $4,730 every year, while hoping to spend $39,122 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: 74/18/8 Blend
56$4,400,000$4,400,000$4,400,000$4,400,000
57$4,853,679$4,620,479$4,552,279$5,206,475
58$5,307,129$4,805,257$4,663,155$5,624,356
59$5,805,519$4,997,778$4,776,434$6,076,615
60$6,353,393$5,198,380$4,892,155$6,570,959
61$6,955,755$5,407,416$5,010,358$7,111,537
62$7,618,118$5,625,256$5,131,082$7,702,921
63$8,346,559$5,852,286$5,254,365$8,350,139
64$9,147,769$6,088,909$5,380,247$9,058,730
65$10,029,123$6,335,547$5,508,767$9,834,790
66$10,998,746$6,592,642$5,639,964$10,685,032
67$12,065,590$6,860,653$5,773,875$11,616,846
68$13,239,519$7,140,064$5,910,538$12,638,370
69$14,531,401$7,431,378$6,049,992$13,758,565
70$15,953,210$7,735,122$6,192,273$14,987,300
71$17,518,142$8,051,847$6,337,418$16,335,440
72$19,240,734$8,382,129$6,485,464$17,814,955
73$21,137,006$8,726,571$6,636,444$19,439,024
74$23,224,611$9,085,803$6,790,395$21,222,164
75$25,522,997$9,460,483$6,947,349$23,180,363
76$28,053,597$9,851,301$7,107,340$25,331,233
77$30,840,027$10,258,978$7,270,399$27,694,169
78$33,908,310$10,684,268$7,436,557$30,290,539
79$37,287,118$11,127,958$7,605,843$33,143,876
80$41,008,051$11,590,874$7,778,285$36,280,106
81$45,105,924$12,073,880$7,953,910$39,727,787
82$49,619,105$12,577,876$8,132,742$43,518,379
83$54,589,870$13,103,808$8,314,805$47,686,538
84$60,064,806$13,652,664$8,500,120$52,270,443
85$66,095,249$14,225,477$8,688,707$57,312,155
86$72,737,767$14,823,328$8,880,582$62,858,010
87$80,054,698$15,447,350$9,075,760$68,959,057
88$88,114,732$16,098,725$9,274,253$75,671,539
89$96,993,565$16,778,694$9,476,071$83,057,417
90$106,774,610$17,488,551$9,681,221$91,184,958
91$117,549,784$18,229,654$9,889,705$100,129,378
92$129,420,377$19,003,422$10,101,525$109,973,542
93$142,498,007$19,811,341$10,316,678$120,808,755
94$156,905,673$20,654,965$10,535,155$132,735,613
95$172,778,916$21,535,923$10,756,947$145,864,954
96$190,267,098$22,455,916$10,982,038$160,318,900
97$209,534,815$23,416,729$11,210,409$176,232,010
98$230,763,444$24,420,226$11,442,036$193,752,546
99$254,152,859$25,468,361$11,676,888$213,043,867
100$279,923,318$26,563,178$11,914,931$234,285,973