Can I retire at age 57 with 4,800,000?

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 $4,800,000?

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$396,380$392,849$389,404$386,042$382,759$378,919
2 years$196,227$192,573$189,031$185,597$182,266$178,399
3 years$129,519$125,849$122,316$118,914$115,637$111,862
4 years$96,171$92,512$89,014$85,671$82,473$78,820
5 years$76,168$72,531$69,079$65,803$62,695$59,173
6 years$62,836$59,227$55,826$52,623$49,608$46,223
7 years$53,318$49,738$46,392$43,265$40,345$37,098
8 years$46,182$42,635$39,344$36,294$33,470$30,361
9 years$40,635$37,121$33,887$30,914$28,187$25,214
10 years$36,200$32,721$29,543$26,648$24,016$21,178
11 years$32,574$29,129$26,009$23,192$20,655$17,950
12 years$29,554$26,145$23,083$20,342$17,899$15,324
13 years$27,001$23,627$20,623$17,959$15,608$13,160
14 years$24,814$21,477$18,530$15,942$13,682$11,357
15 years$22,921$19,619$16,730$14,218$12,047$9,842
16 years$21,266$18,000$15,168$12,730$10,647$8,558
17 years$19,807$16,578$13,802$11,438$9,440$7,464
18 years$18,512$15,318$12,600$10,308$8,394$6,526
19 years$17,354$14,197$11,534$9,314$7,482$5,719
20 years$16,314$13,193$10,586$8,436$6,683$5,020
21 years$15,373$12,288$9,737$7,656$5,980$4,414
22 years$14,520$11,471$8,974$6,961$5,361$3,887
23 years$13,742$10,728$8,286$6,340$4,812$3,427
24 years$13,029$10,052$7,663$5,782$4,325$3,025
25 years$12,375$9,433$7,098$5,281$3,892$2,672
26 years$11,772$8,866$6,583$4,828$3,506$2,362
27 years$11,215$8,344$6,113$4,419$3,161$2,090
28 years$10,698$7,862$5,682$4,049$2,852$1,850
29 years$10,218$7,417$5,288$3,713$2,575$1,639
30 years$9,771$7,005$4,926$3,408$2,327$1,453
31 years$9,353$6,622$4,592$3,130$2,104$1,288
32 years$8,962$6,265$4,284$2,876$1,903$1,143
33 years$8,596$5,933$4,000$2,645$1,722$1,014
34 years$8,252$5,624$3,738$2,434$1,559$900
35 years$7,928$5,334$3,494$2,240$1,412$799
36 years$7,624$5,063$3,269$2,063$1,280$709
37 years$7,336$4,808$3,060$1,901$1,160$630
38 years$7,064$4,570$2,865$1,752$1,051$560
39 years$6,806$4,345$2,684$1,616$953$497
40 years$6,562$4,134$2,516$1,490$865$442
41 years$6,331$3,935$2,359$1,375$785$393
42 years$6,111$3,748$2,213$1,269$712$349
43 years$5,902$3,571$2,077$1,171$646$310
44 years$5,703$3,404$1,949$1,082$586$276
45 years$5,513$3,246$1,830$999$532$245
46 years$5,333$3,096$1,719$923$483$218
47 years$5,160$2,955$1,615$852$439$194
48 years$4,995$2,821$1,518$788$399$172
49 years$4,837$2,694$1,427$728$362$153
50 years$4,686$2,573$1,341$673$329$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,800,000, adding $3,441 every year, while hoping to spend $31,099 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: 68/21/11 Blend
56$4,800,000$4,800,000$4,800,000$4,800,000
57$5,293,149$5,038,749$4,964,349$5,640,537
58$5,799,962$5,252,559$5,097,566$6,085,620
59$6,357,426$5,475,803$5,234,203$6,568,160
60$6,970,677$5,708,911$5,374,342$7,095,079
61$7,645,371$5,952,332$5,518,067$7,670,722
62$8,387,739$6,206,537$5,665,463$8,299,874
63$9,204,649$6,472,018$5,816,617$8,987,799
64$10,103,666$6,749,290$5,971,617$9,740,289
65$11,093,128$7,038,893$6,130,554$10,563,722
66$12,182,220$7,341,392$6,293,520$11,465,117
67$13,381,064$7,657,377$6,460,610$12,452,197
68$14,700,812$7,987,467$6,631,920$13,533,469
69$16,153,752$8,332,311$6,807,547$14,718,295
70$17,753,427$8,692,586$6,987,591$16,016,983
71$19,514,756$9,069,002$7,172,155$17,440,881
72$21,454,180$9,462,303$7,361,342$19,002,486
73$23,589,817$9,873,267$7,555,258$20,715,558
74$25,941,630$10,302,707$7,754,010$22,595,247
75$28,531,615$10,751,479$7,957,708$24,658,238
76$31,384,012$11,220,474$8,166,464$26,922,905
77$34,525,533$11,710,629$8,380,392$29,409,484
78$37,985,610$12,222,922$8,599,608$32,140,258
79$41,796,676$12,758,380$8,824,229$35,139,772
80$45,994,473$13,318,076$9,054,376$38,435,059
81$50,618,382$13,903,134$9,290,170$42,055,892
82$55,711,803$14,514,734$9,531,737$46,035,067
83$61,322,558$15,154,108$9,779,202$50,408,707
84$67,503,348$15,822,548$10,032,694$55,216,601
85$74,312,244$16,521,407$10,292,343$60,502,579
86$81,813,239$17,252,102$10,558,283$66,314,924
87$90,076,851$18,016,117$10,830,647$72,706,820
88$99,180,790$18,815,006$11,109,574$79,736,858
89$109,210,688$19,650,399$11,395,202$87,469,583
90$120,260,909$20,524,000$11,687,672$95,976,099
91$132,435,441$21,437,595$11,987,128$105,334,740
92$145,848,874$22,393,055$12,293,716$115,631,805
93$160,627,486$23,392,342$12,607,582$126,962,369
94$176,910,430$24,437,507$12,928,876$139,431,179
95$194,851,051$25,530,702$13,257,751$153,153,636
96$214,618,332$26,674,180$13,594,359$168,256,883
97$236,398,488$27,870,301$13,938,856$184,881,001
98$260,396,726$29,121,538$14,291,400$203,180,326
99$286,839,181$30,430,482$14,652,151$223,324,904
100$315,975,049$31,799,847$15,021,269$245,502,088