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%17%
1 years$396,380$392,849$389,404$386,042$382,759$371,848
2 years$196,227$192,573$189,031$185,597$182,266$171,358
3 years$129,519$125,849$122,316$118,914$115,637$105,074
4 years$96,171$92,512$89,014$85,671$82,473$72,337
5 years$76,168$72,531$69,079$65,803$62,695$53,012
6 years$62,836$59,227$55,826$52,623$49,608$40,388
7 years$53,318$49,738$46,392$43,265$40,345$31,587
8 years$46,182$42,635$39,344$36,294$33,470$25,170
9 years$40,635$37,121$33,887$30,914$28,187$20,337
10 years$36,200$32,721$29,543$26,648$24,016$16,605
11 years$32,574$29,129$26,009$23,192$20,655$13,671
12 years$29,554$26,145$23,083$20,342$17,899$11,329
13 years$27,001$23,627$20,623$17,959$15,608$9,437
14 years$24,814$21,477$18,530$15,942$13,682$7,894
15 years$22,921$19,619$16,730$14,218$12,047$6,627
16 years$21,266$18,000$15,168$12,730$10,647$5,579
17 years$19,807$16,578$13,802$11,438$9,440$4,708
18 years$18,512$15,318$12,600$10,308$8,394$3,981
19 years$17,354$14,197$11,534$9,314$7,482$3,372
20 years$16,314$13,193$10,586$8,436$6,683$2,860
21 years$15,373$12,288$9,737$7,656$5,980$2,428
22 years$14,520$11,471$8,974$6,961$5,361$2,064
23 years$13,742$10,728$8,286$6,340$4,812$1,756
24 years$13,029$10,052$7,663$5,782$4,325$1,495
25 years$12,375$9,433$7,098$5,281$3,892$1,273
26 years$11,772$8,866$6,583$4,828$3,506$1,085
27 years$11,215$8,344$6,113$4,419$3,161$925
28 years$10,698$7,862$5,682$4,049$2,852$789
29 years$10,218$7,417$5,288$3,713$2,575$673
30 years$9,771$7,005$4,926$3,408$2,327$574
31 years$9,353$6,622$4,592$3,130$2,104$490
32 years$8,962$6,265$4,284$2,876$1,903$419
33 years$8,596$5,933$4,000$2,645$1,722$357
34 years$8,252$5,624$3,738$2,434$1,559$305
35 years$7,928$5,334$3,494$2,240$1,412$261
36 years$7,624$5,063$3,269$2,063$1,280$223
37 years$7,336$4,808$3,060$1,901$1,160$190
38 years$7,064$4,570$2,865$1,752$1,051$163
39 years$6,806$4,345$2,684$1,616$953$139
40 years$6,562$4,134$2,516$1,490$865$119
41 years$6,331$3,935$2,359$1,375$785$101
42 years$6,111$3,748$2,213$1,269$712$87
43 years$5,902$3,571$2,077$1,171$646$74
44 years$5,703$3,404$1,949$1,082$586$63
45 years$5,513$3,246$1,830$999$532$54
46 years$5,333$3,096$1,719$923$483$46
47 years$5,160$2,955$1,615$852$439$39
48 years$4,995$2,821$1,518$788$399$34
49 years$4,837$2,694$1,427$728$362$29
50 years$4,686$2,573$1,341$673$329$25

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 $6,202 every year, while hoping to spend $31,654 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: 58/23/19 Blend
56$4,800,000$4,800,000$4,800,000$4,800,000
57$5,295,997$5,041,597$4,967,197$5,576,268
58$5,802,509$5,254,956$5,099,919$5,980,627
59$6,359,625$5,477,708$5,236,026$6,417,265
60$6,972,472$5,710,281$5,375,598$6,892,576
61$7,646,700$5,953,121$5,518,717$7,410,296
62$8,388,536$6,206,696$5,665,466$7,974,533
63$9,204,837$6,471,495$5,815,930$8,589,807
64$10,103,163$6,748,031$5,970,195$9,261,088
65$11,091,840$7,036,838$6,128,351$9,993,846
66$12,180,043$7,338,480$6,290,487$10,794,098
67$13,377,884$7,653,542$6,456,695$11,668,467
68$14,696,502$7,982,639$6,627,068$12,624,239
69$16,148,173$8,326,416$6,801,702$13,669,435
70$17,746,422$8,685,545$6,980,694$14,812,881
71$19,506,152$9,060,732$7,164,143$16,064,293
72$21,443,788$9,452,716$7,352,150$17,434,366
73$23,577,424$9,862,270$7,544,817$18,934,873
74$25,927,003$10,290,202$7,742,249$20,578,775
75$28,514,495$10,737,360$7,944,553$22,380,342
76$31,364,115$11,204,632$8,151,837$24,355,285
77$34,502,541$11,692,946$8,364,210$26,520,902
78$37,959,175$12,203,274$8,581,785$28,896,242
79$41,766,413$12,736,637$8,804,677$31,502,280
80$45,959,954$13,294,099$9,033,000$34,362,113
81$50,579,137$13,876,777$9,266,874$37,501,179
82$55,667,312$14,485,842$9,506,417$40,947,490
83$61,272,247$15,122,518$9,751,752$44,731,898
84$67,446,582$15,788,088$10,003,001$48,888,382
85$74,248,324$16,483,894$10,260,292$53,454,365
86$81,741,391$17,211,343$10,523,750$58,471,068
87$89,996,224$17,971,910$10,793,507$63,983,894
88$99,090,442$18,767,136$11,069,692$70,042,852
89$109,109,579$19,598,638$11,352,439$76,703,029
90$120,147,894$20,468,110$11,641,884$84,025,105
91$132,309,255$21,377,323$11,938,163$92,075,925
92$145,708,123$22,328,135$12,241,415$100,929,123
93$160,470,630$23,322,492$12,551,780$110,665,814
94$176,735,771$24,362,431$12,869,402$121,375,358
95$194,656,716$25,450,087$13,194,424$133,156,200
96$214,402,256$26,587,696$13,526,991$146,116,792
97$236,158,393$27,777,600$13,867,252$160,376,612
98$260,130,100$29,022,253$14,215,356$176,067,295
99$286,543,253$30,324,226$14,571,453$193,333,859
100$315,646,763$31,686,212$14,935,696$212,336,081