Can I retire at age 57 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$371,606$368,296$365,066$361,914$358,836$353,182
2 years$183,963$180,537$177,217$173,997$170,874$165,193
3 years$121,424$117,983$114,671$111,482$108,410$102,877
4 years$90,160$86,730$83,451$80,316$77,319$71,978
5 years$71,407$67,997$64,761$61,691$58,776$53,643
6 years$58,909$55,525$52,337$49,334$46,508$41,587
7 years$49,985$46,630$43,492$40,561$37,823$33,118
8 years$43,296$39,970$36,885$34,025$31,378$26,886
9 years$38,095$34,801$31,769$28,982$26,425$22,145
10 years$33,937$30,676$27,697$24,983$22,515$18,443
11 years$30,538$27,309$24,384$21,742$19,364$15,495
12 years$27,707$24,511$21,640$19,071$16,780$13,111
13 years$25,313$22,151$19,334$16,837$14,633$11,157
14 years$23,263$20,134$17,372$14,946$12,827$9,539
15 years$21,488$18,393$15,684$13,329$11,294$8,188
16 years$19,937$16,875$14,220$11,935$9,982$7,052
17 years$18,569$15,542$12,940$10,723$8,850$6,090
18 years$17,355$14,361$11,812$9,664$7,869$5,271
19 years$16,270$13,310$10,814$8,732$7,014$4,572
20 years$15,294$12,368$9,924$7,909$6,265$3,972
21 years$14,413$11,520$9,128$7,178$5,607$3,457
22 years$13,612$10,754$8,413$6,526$5,026$3,012
23 years$12,883$10,058$7,768$5,943$4,511$2,627
24 years$12,215$9,424$7,184$5,421$4,055$2,293
25 years$11,602$8,844$6,654$4,951$3,649$2,004
26 years$11,036$8,311$6,171$4,527$3,287$1,752
27 years$10,514$7,822$5,731$4,143$2,963$1,533
28 years$10,030$7,371$5,327$3,796$2,674$1,342
29 years$9,579$6,953$4,957$3,481$2,414$1,175
30 years$9,160$6,567$4,618$3,195$2,181$1,030
31 years$8,769$6,208$4,305$2,934$1,972$902
32 years$8,402$5,874$4,017$2,697$1,784$791
33 years$8,059$5,563$3,750$2,480$1,615$694
34 years$7,736$5,272$3,504$2,282$1,462$609
35 years$7,433$5,000$3,276$2,100$1,324$534
36 years$7,147$4,746$3,065$1,934$1,200$469
37 years$6,877$4,508$2,868$1,782$1,087$411
38 years$6,622$4,284$2,686$1,643$986$361
39 years$6,381$4,074$2,517$1,515$894$317
40 years$6,152$3,876$2,359$1,397$811$278
41 years$5,935$3,689$2,212$1,289$736$244
42 years$5,729$3,514$2,075$1,190$667$215
43 years$5,533$3,348$1,947$1,098$606$189
44 years$5,347$3,191$1,828$1,014$550$166
45 years$5,169$3,043$1,716$936$499$145
46 years$4,999$2,903$1,612$865$453$128
47 years$4,838$2,770$1,514$799$412$112
48 years$4,683$2,645$1,423$738$374$99
49 years$4,535$2,525$1,337$682$339$87
50 years$4,394$2,412$1,257$631$308$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,500,000, adding $6,234 every year, while hoping to spend $38,612 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: 70/23/7 Blend
56$4,500,000$4,500,000$4,500,000$4,500,000
57$4,965,430$4,726,930$4,657,180$5,307,177
58$5,430,821$4,917,467$4,772,113$5,724,504
59$5,942,388$5,116,046$4,889,602$6,175,648
60$6,504,800$5,323,020$5,009,692$6,668,230
61$7,123,201$5,538,760$5,132,428$7,206,312
62$7,803,258$5,763,650$5,257,855$7,794,363
63$8,551,216$5,998,094$5,386,019$8,437,299
64$9,373,955$6,242,516$5,516,965$9,140,533
65$10,279,055$6,497,355$5,650,739$9,910,022
66$11,274,866$6,763,073$5,787,387$10,752,323
67$12,370,592$7,040,154$5,926,954$11,674,655
68$13,576,371$7,329,100$6,069,486$12,684,964
69$14,903,375$7,630,440$6,215,028$13,791,998
70$16,363,913$7,944,725$6,363,625$15,005,390
71$17,971,548$8,272,533$6,515,323$16,335,744
72$19,741,226$8,614,466$6,670,165$17,794,739
73$21,689,412$8,971,157$6,828,198$19,395,231
74$23,834,253$9,343,265$6,989,463$21,151,382
75$26,195,743$9,731,480$7,154,006$23,078,784
76$28,795,911$10,136,525$7,321,868$25,194,610
77$31,659,036$10,559,156$7,493,092$27,517,772
78$34,811,866$11,000,164$7,667,719$30,069,098
79$38,283,878$11,460,374$7,845,789$32,871,531
80$42,107,554$11,940,652$8,027,343$35,950,336
81$46,318,684$12,441,903$8,212,419$39,333,346
82$50,956,708$12,965,075$8,401,053$43,051,215
83$56,065,087$13,511,159$8,593,283$47,137,710
84$61,691,710$14,081,190$8,789,143$51,630,027
85$67,889,351$14,676,254$8,988,665$56,569,139
86$74,716,161$15,297,487$9,191,882$62,000,181
87$82,236,222$15,946,076$9,398,822$67,972,874
88$90,520,147$16,623,265$9,609,514$74,541,993
89$99,645,752$17,330,355$9,823,982$81,767,879
90$109,698,784$18,068,708$10,042,251$89,717,008
91$120,773,734$18,839,748$10,264,340$98,462,618
92$132,974,727$19,644,968$10,490,268$108,085,390
93$146,416,508$20,485,930$10,720,050$118,674,218
94$161,225,517$21,364,266$10,953,698$130,327,033
95$177,541,094$22,281,689$11,191,221$143,151,735
96$195,516,782$23,239,989$11,432,623$157,267,201
97$215,321,786$24,241,040$11,677,908$172,804,407
98$237,142,562$25,286,804$11,927,071$189,907,659
99$261,184,582$26,379,337$12,180,107$208,735,956
100$287,674,273$27,520,788$12,437,005$229,464,479