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

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$371,606$368,296$365,066$361,914$358,836$357,324
2 years$183,963$180,537$177,217$173,997$170,874$169,348
3 years$121,424$117,983$114,671$111,482$108,410$106,916
4 years$90,160$86,730$83,451$80,316$77,319$75,869
5 years$71,407$67,997$64,761$61,691$58,776$57,376
6 years$58,909$55,525$52,337$49,334$46,508$45,157
7 years$49,985$46,630$43,492$40,561$37,823$36,524
8 years$43,296$39,970$36,885$34,025$31,378$30,130
9 years$38,095$34,801$31,769$28,982$26,425$25,228
10 years$33,937$30,676$27,697$24,983$22,515$21,369
11 years$30,538$27,309$24,384$21,742$19,364$18,267
12 years$27,707$24,511$21,640$19,071$16,780$15,732
13 years$25,313$22,151$19,334$16,837$14,633$13,632
14 years$23,263$20,134$17,372$14,946$12,827$11,873
15 years$21,488$18,393$15,684$13,329$11,294$10,386
16 years$19,937$16,875$14,220$11,935$9,982$9,118
17 years$18,569$15,542$12,940$10,723$8,850$8,030
18 years$17,355$14,361$11,812$9,664$7,869$7,090
19 years$16,270$13,310$10,814$8,732$7,014$6,276
20 years$15,294$12,368$9,924$7,909$6,265$5,566
21 years$14,413$11,520$9,128$7,178$5,607$4,945
22 years$13,612$10,754$8,413$6,526$5,026$4,400
23 years$12,883$10,058$7,768$5,943$4,511$3,920
24 years$12,215$9,424$7,184$5,421$4,055$3,497
25 years$11,602$8,844$6,654$4,951$3,649$3,123
26 years$11,036$8,311$6,171$4,527$3,287$2,792
27 years$10,514$7,822$5,731$4,143$2,963$2,497
28 years$10,030$7,371$5,327$3,796$2,674$2,236
29 years$9,579$6,953$4,957$3,481$2,414$2,003
30 years$9,160$6,567$4,618$3,195$2,181$1,795
31 years$8,769$6,208$4,305$2,934$1,972$1,610
32 years$8,402$5,874$4,017$2,697$1,784$1,445
33 years$8,059$5,563$3,750$2,480$1,615$1,297
34 years$7,736$5,272$3,504$2,282$1,462$1,165
35 years$7,433$5,000$3,276$2,100$1,324$1,046
36 years$7,147$4,746$3,065$1,934$1,200$940
37 years$6,877$4,508$2,868$1,782$1,087$845
38 years$6,622$4,284$2,686$1,643$986$759
39 years$6,381$4,074$2,517$1,515$894$683
40 years$6,152$3,876$2,359$1,397$811$614
41 years$5,935$3,689$2,212$1,289$736$552
42 years$5,729$3,514$2,075$1,190$667$497
43 years$5,533$3,348$1,947$1,098$606$447
44 years$5,347$3,191$1,828$1,014$550$402
45 years$5,169$3,043$1,716$936$499$362
46 years$4,999$2,903$1,612$865$453$326
47 years$4,838$2,770$1,514$799$412$293
48 years$4,683$2,645$1,423$738$374$264
49 years$4,535$2,525$1,337$682$339$238
50 years$4,394$2,412$1,257$631$308$214

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 $3,303 every year, while hoping to spend $22,389 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: 54/25/21 Blend
56$4,500,000$4,500,000$4,500,000$4,500,000
57$4,962,407$4,723,907$4,654,157$5,201,735
58$5,444,751$4,931,557$4,786,250$5,573,918
59$5,975,543$5,148,631$4,922,017$5,976,232
60$6,559,703$5,375,568$5,061,558$6,413,711
61$7,202,648$5,612,826$5,204,976$6,889,721
62$7,910,350$5,860,886$5,352,375$7,407,966
63$8,689,388$6,120,252$5,503,862$7,972,516
64$9,547,012$6,391,451$5,659,547$8,587,847
65$10,491,209$6,675,034$5,819,544$9,258,882
66$11,530,782$6,971,581$5,983,969$9,991,036
67$12,675,430$7,281,697$6,152,940$10,790,265
68$13,935,841$7,606,016$6,326,580$11,663,123
69$15,323,789$7,945,204$6,505,013$12,616,818
70$16,852,254$8,299,956$6,688,369$13,659,283
71$18,535,532$8,671,003$6,876,778$14,799,248
72$20,389,382$9,059,108$7,070,376$16,046,319
73$22,431,167$9,465,072$7,269,301$17,411,068
74$24,680,019$9,889,733$7,473,695$18,905,131
75$27,157,021$10,333,970$7,683,704$20,541,318
76$29,885,405$10,798,704$7,899,477$22,333,726
77$32,890,774$11,284,897$8,121,167$24,297,877
78$36,201,338$11,793,562$8,348,931$26,450,858
79$39,848,184$12,325,756$8,582,929$28,811,481
80$43,865,569$12,882,588$8,823,328$31,400,457
81$48,291,242$13,465,220$9,070,295$34,240,593
82$53,166,803$14,074,870$9,324,004$37,357,000
83$58,538,091$14,712,814$9,584,632$40,777,330
84$64,455,622$15,380,387$9,852,363$44,532,033
85$70,975,060$16,078,990$10,127,382$48,654,643
86$78,157,747$16,810,092$10,409,880$53,182,089
87$86,071,280$17,575,229$10,700,054$58,155,042
88$94,790,149$18,376,013$10,998,103$63,618,296
89$104,396,439$19,214,134$11,304,235$69,621,188
90$114,980,609$20,091,359$11,618,660$76,218,055
91$126,642,340$21,009,544$11,941,594$83,468,750
92$139,491,479$21,970,632$12,273,258$91,439,199
93$153,649,076$22,976,659$12,613,878$100,202,019
94$169,248,526$24,029,760$12,963,688$109,837,202
95$186,436,829$25,132,171$13,322,924$120,432,862
96$205,375,974$26,286,236$13,691,831$132,086,063
97$226,244,474$27,494,412$14,070,657$144,903,734
98$249,239,045$28,759,274$14,459,659$159,003,668
99$274,576,468$30,083,518$14,859,098$174,515,630
100$302,495,632$31,469,975$15,269,243$191,582,579