Can I retire at age 57 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$379,864$376,480$373,179$369,957$366,810$361,777
2 years$188,051$184,549$181,155$177,864$174,672$169,610
3 years$124,122$120,605$117,219$113,959$110,819$105,885
4 years$92,164$88,657$85,306$82,101$79,037$74,270
5 years$72,994$69,508$66,201$63,062$60,083$55,496
6 years$60,218$56,759$53,500$50,431$47,541$43,141
7 years$51,096$47,666$44,459$41,462$38,664$34,451
8 years$44,258$40,859$37,704$34,781$32,075$28,049
9 years$38,942$35,575$32,475$29,626$27,012$23,171
10 years$34,692$31,357$28,312$25,538$23,016$19,357
11 years$31,216$27,916$24,926$22,226$19,794$16,314
12 years$28,322$25,056$22,121$19,495$17,153$13,848
13 years$25,876$22,643$19,764$17,211$14,958$11,823
14 years$23,780$20,582$17,758$15,278$13,112$10,142
15 years$21,966$18,802$16,033$13,625$11,545$8,736
16 years$20,380$17,250$14,536$12,200$10,203$7,549
17 years$18,982$15,887$13,227$10,962$9,047$6,543
18 years$17,740$14,680$12,075$9,879$8,044$5,684
19 years$16,631$13,605$11,054$8,926$7,170$4,948
20 years$15,634$12,643$10,145$8,084$6,404$4,315
21 years$14,733$11,776$9,331$7,337$5,731$3,769
22 years$13,915$10,993$8,600$6,671$5,137$3,296
23 years$13,169$10,281$7,941$6,075$4,611$2,886
24 years$12,487$9,633$7,344$5,541$4,145$2,529
25 years$11,860$9,040$6,802$5,061$3,730$2,219
26 years$11,282$8,496$6,308$4,627$3,360$1,948
27 years$10,748$7,996$5,858$4,235$3,029$1,711
28 years$10,252$7,534$5,446$3,880$2,733$1,504
29 years$9,792$7,108$5,068$3,558$2,468$1,323
30 years$9,364$6,713$4,720$3,266$2,230$1,164
31 years$8,963$6,346$4,401$2,999$2,016$1,024
32 years$8,589$6,004$4,106$2,756$1,824$902
33 years$8,238$5,686$3,834$2,535$1,650$794
34 years$7,908$5,389$3,582$2,332$1,494$699
35 years$7,598$5,112$3,349$2,147$1,353$616
36 years$7,306$4,852$3,133$1,977$1,226$543
37 years$7,030$4,608$2,932$1,822$1,111$479
38 years$6,769$4,379$2,746$1,679$1,008$422
39 years$6,523$4,164$2,573$1,548$914$372
40 years$6,289$3,962$2,411$1,428$829$328
41 years$6,067$3,771$2,261$1,318$752$289
42 years$5,856$3,592$2,121$1,216$682$255
43 years$5,656$3,422$1,990$1,122$619$225
44 years$5,465$3,262$1,868$1,036$562$199
45 years$5,284$3,111$1,754$957$510$175
46 years$5,110$2,967$1,648$884$463$155
47 years$4,945$2,832$1,548$817$421$136
48 years$4,787$2,703$1,455$755$382$120
49 years$4,636$2,582$1,367$698$347$106
50 years$4,491$2,466$1,285$645$315$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,600,000, adding $3,300 every year, while hoping to spend $39,844 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: 37/35/28 Blend
56$4,600,000$4,600,000$4,600,000$4,600,000
57$5,072,604$4,828,804$4,757,504$5,217,707
58$5,547,616$5,023,022$4,874,487$5,519,491
59$6,069,744$5,225,421$4,994,053$5,841,380
60$6,643,751$5,436,360$5,116,247$6,188,321
61$7,274,886$5,656,214$5,241,114$6,562,605
62$7,968,931$5,885,375$5,368,698$6,966,746
63$8,732,257$6,124,254$5,499,045$7,403,506
64$9,571,883$6,373,278$5,632,198$7,875,916
65$10,495,543$6,632,896$5,768,204$8,387,309
66$11,511,756$6,903,576$5,907,107$8,941,342
67$12,629,912$7,185,808$6,048,952$9,542,037
68$13,860,354$7,480,103$6,193,783$10,193,813
69$15,214,481$7,786,999$6,341,645$10,901,527
70$16,704,850$8,107,054$6,492,582$11,670,517
71$18,345,299$8,440,854$6,646,638$12,506,653
72$20,151,075$8,789,011$6,803,856$13,416,391
73$22,138,979$9,152,167$6,964,280$14,406,827
74$24,327,523$9,530,991$7,127,951$15,485,769
75$26,737,105$9,926,185$7,294,912$16,661,804
76$29,390,202$10,338,480$7,465,204$17,944,376
77$32,311,580$10,768,643$7,638,866$19,343,878
78$35,528,533$11,217,478$7,815,939$20,871,744
79$39,071,131$11,685,822$7,996,461$22,540,554
80$42,972,513$12,174,554$8,180,469$24,364,155
81$47,269,193$12,684,592$8,367,999$26,357,781
82$52,001,410$13,216,896$8,559,087$28,538,203
83$57,213,503$13,772,472$8,753,764$30,923,877
84$62,954,328$14,352,372$8,952,064$33,535,122
85$69,277,728$14,957,696$9,154,016$36,394,302
86$76,243,028$15,589,595$9,359,648$39,526,040
87$83,915,607$16,249,276$9,568,986$42,957,442
88$92,367,506$16,937,998$9,782,054$46,718,352
89$101,678,114$17,657,081$9,998,875$50,841,632
90$111,934,910$18,407,907$10,219,466$55,363,463
91$123,234,297$19,191,920$10,443,844$60,323,687
92$135,682,505$20,010,634$10,672,023$65,766,180
93$149,396,597$20,865,632$10,904,012$71,739,256
94$164,505,573$21,758,570$11,139,819$78,296,124
95$181,151,585$22,691,185$11,379,447$85,495,384
96$199,491,284$23,665,290$11,622,896$93,401,575
97$219,697,293$24,682,786$11,870,160$102,085,779
98$241,959,838$25,745,664$12,121,232$111,626,288
99$266,488,545$26,856,006$12,376,097$122,109,334
100$293,514,418$28,015,992$12,634,738$133,629,904