Can I retire at age 57 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$404,637$401,033$397,517$394,084$390,733$381,287
2 years$200,316$196,585$192,969$189,464$186,063$176,604
3 years$132,217$128,470$124,864$121,391$118,046$108,868
4 years$98,175$94,439$90,869$87,456$84,192$75,366
5 years$77,754$74,042$70,518$67,174$64,001$55,552
6 years$64,145$60,461$56,989$53,720$50,642$42,579
7 years$54,429$50,775$47,358$44,166$41,185$33,509
8 years$47,144$43,523$40,163$37,050$34,167$26,874
9 years$41,482$37,895$34,593$31,558$28,774$21,858
10 years$36,954$33,402$30,159$27,203$24,517$17,971
11 years$33,252$29,736$26,551$23,675$21,085$14,899
12 years$30,170$26,690$23,564$20,766$18,272$12,436
13 years$27,563$24,120$21,053$18,334$15,934$10,436
14 years$25,331$21,924$18,916$16,274$13,967$8,797
15 years$23,398$20,028$17,078$14,514$12,298$7,442
16 years$21,709$18,375$15,484$12,996$10,869$6,315
17 years$20,220$16,923$14,090$11,676$9,637$5,372
18 years$18,897$15,638$12,862$10,523$8,569$4,579
19 years$17,716$14,493$11,775$9,508$7,638$3,910
20 years$16,654$13,467$10,806$8,612$6,822$3,344
21 years$15,694$12,544$9,940$7,816$6,105$2,864
22 years$14,822$11,710$9,161$7,106$5,472$2,455
23 years$14,028$10,952$8,459$6,472$4,912$2,107
24 years$13,301$10,261$7,823$5,903$4,415$1,809
25 years$12,633$9,630$7,245$5,391$3,973$1,554
26 years$12,017$9,050$6,720$4,929$3,579$1,336
27 years$11,448$8,517$6,240$4,512$3,227$1,150
28 years$10,921$8,026$5,801$4,134$2,911$989
29 years$10,431$7,571$5,398$3,791$2,629$852
30 years$9,974$7,150$5,028$3,479$2,375$733
31 years$9,548$6,760$4,688$3,195$2,148$632
32 years$9,149$6,396$4,374$2,936$1,943$544
33 years$8,775$6,057$4,084$2,700$1,758$469
34 years$8,424$5,741$3,816$2,484$1,592$404
35 years$8,094$5,445$3,567$2,287$1,442$349
36 years$7,782$5,168$3,337$2,106$1,306$300
37 years$7,489$4,908$3,123$1,941$1,184$259
38 years$7,211$4,665$2,925$1,789$1,073$223
39 years$6,948$4,436$2,740$1,649$973$193
40 years$6,699$4,220$2,569$1,521$883$166
41 years$6,463$4,017$2,408$1,404$801$143
42 years$6,238$3,826$2,259$1,295$727$124
43 years$6,025$3,645$2,120$1,196$660$107
44 years$5,822$3,475$1,990$1,104$599$92
45 years$5,628$3,314$1,869$1,020$544$79
46 years$5,444$3,161$1,755$942$493$68
47 years$5,268$3,017$1,649$870$448$59
48 years$5,099$2,880$1,549$804$407$51
49 years$4,938$2,750$1,456$743$370$44
50 years$4,784$2,627$1,369$687$336$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,900,000, adding $3,204 every year, while hoping to spend $48,787 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: 52/32/16 Blend
56$4,900,000$4,900,000$4,900,000$4,900,000
57$5,403,105$5,143,405$5,067,455$5,660,443
58$5,902,313$5,343,523$5,185,306$6,037,263
59$6,450,804$5,551,811$5,305,469$6,441,480
60$7,053,556$5,768,619$5,427,972$6,880,041
61$7,716,048$5,994,311$5,552,838$7,356,212
62$8,444,320$6,229,267$5,680,093$7,873,587
63$9,245,024$6,473,885$5,809,760$8,436,115
64$10,125,491$6,728,580$5,941,862$9,048,139
65$11,093,796$6,993,785$6,076,419$9,714,437
66$12,158,836$7,269,954$6,213,452$10,440,262
67$13,330,415$7,557,559$6,352,980$11,231,395
68$14,619,333$7,857,096$6,495,021$12,094,193
69$16,037,492$8,169,080$6,639,591$13,035,652
70$17,598,002$8,494,051$6,786,703$14,063,471
71$19,315,313$8,832,573$6,936,372$15,186,118
72$21,205,341$9,185,236$7,088,607$16,412,917
73$23,285,629$9,552,656$7,243,418$17,754,127
74$25,575,502$9,935,475$7,400,812$19,221,040
75$28,096,257$10,334,367$7,560,792$20,826,087
76$30,871,358$10,750,033$7,723,362$22,582,950
77$33,926,662$11,183,211$7,888,520$24,506,692
78$37,290,659$11,634,666$8,056,263$26,613,898
79$40,994,744$12,105,202$8,226,585$28,922,826
80$45,073,509$12,595,658$8,399,477$31,453,579
81$49,565,073$13,106,911$8,574,926$34,228,294
82$54,511,439$13,639,879$8,752,915$37,271,346
83$59,958,893$14,195,520$8,933,425$40,609,577
84$65,958,437$14,774,837$9,116,431$44,272,546
85$72,566,272$15,378,879$9,301,906$48,292,806
86$79,844,328$16,008,740$9,489,817$52,706,208
87$87,860,850$16,665,569$9,680,126$57,552,238
88$96,691,037$17,350,562$9,872,791$62,874,384
89$106,417,758$18,064,975$10,067,764$68,720,546
90$117,132,327$18,810,116$10,264,992$75,143,482
91$128,935,371$19,587,359$10,464,416$82,201,307
92$141,937,776$20,398,136$10,665,970$89,958,032
93$156,261,732$21,243,948$10,869,583$98,484,171
94$172,041,890$22,126,362$11,075,176$107,857,398
95$189,426,630$23,047,022$11,282,662$118,163,276
96$208,579,463$24,007,642$11,491,947$129,496,065
97$229,680,570$25,010,019$11,702,930$141,959,603
98$252,928,510$26,056,032$11,915,500$155,668,285
99$278,542,087$27,147,645$12,129,537$170,748,134
100$306,762,416$28,286,917$12,344,913$187,337,988