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

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 $4,800,000?

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 $6,060 every year, while hoping to spend $20,085 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: 57/18/25 Blend
56$4,800,000$4,800,000$4,800,000$4,800,000
57$5,295,851$5,041,451$4,967,051$5,561,353
58$5,814,657$5,267,112$5,112,077$5,969,398
59$6,385,709$5,503,157$5,261,288$6,411,271
60$7,014,314$5,750,074$5,414,803$6,892,463
61$7,706,319$6,008,373$5,572,745$7,416,773
62$8,468,171$6,278,591$5,735,239$7,988,385
63$9,306,970$6,561,287$5,902,415$8,611,898
64$10,230,540$6,857,049$6,074,405$9,292,373
65$11,247,503$7,166,492$6,251,345$10,035,375
66$12,367,360$7,490,262$6,433,377$10,847,032
67$13,600,579$7,829,034$6,620,644$11,734,083
68$14,958,698$8,183,516$6,813,295$12,703,948
69$16,454,426$8,554,449$7,011,482$13,764,790
70$18,101,772$8,942,611$7,215,361$14,925,595
71$19,916,170$9,348,817$7,425,093$16,196,255
72$21,914,630$9,773,919$7,640,844$17,587,655
73$24,115,893$10,218,812$7,862,783$19,111,783
74$26,540,613$10,684,433$8,091,085$20,781,834
75$29,211,549$11,171,764$8,325,930$22,612,335
76$32,153,780$11,681,833$8,567,502$24,619,281
77$35,394,942$12,215,720$8,815,990$26,820,285
78$38,965,489$12,774,553$9,071,588$29,234,739
79$42,898,981$13,359,517$9,334,498$31,883,999
80$47,232,397$13,971,854$9,604,923$34,791,580
81$52,006,490$14,612,863$9,883,077$37,983,383
82$57,266,166$15,283,908$10,169,174$41,487,927
83$63,060,913$15,986,417$10,463,439$45,336,624
84$69,445,262$16,721,887$10,766,100$49,564,070
85$76,479,307$17,491,888$11,077,393$54,208,371
86$84,229,269$18,298,063$11,397,558$59,311,494
87$92,768,123$19,142,137$11,726,845$64,919,668
88$102,176,285$20,025,916$12,065,509$71,083,813
89$112,542,374$20,951,293$12,413,810$77,860,019
90$123,964,042$21,920,252$12,772,019$85,310,069
91$136,548,905$22,934,875$13,140,412$93,502,026
92$150,415,550$23,997,341$13,519,273$102,510,865
93$165,694,661$25,109,936$13,908,894$112,419,180
94$182,530,248$26,275,054$14,309,573$123,317,959
95$201,081,009$27,495,208$14,721,620$135,307,441
96$221,521,827$28,773,028$15,145,349$148,498,055
97$244,045,421$30,111,274$15,581,086$163,011,461
98$268,864,165$31,512,837$16,029,163$178,981,692
99$296,212,093$32,980,750$16,489,924$196,556,415
100$326,347,110$34,518,189$16,963,719$215,898,321