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%17.2%
1 years$404,637$401,033$397,517$394,084$390,733$379,289
2 years$200,316$196,585$192,969$189,464$186,063$174,627
3 years$132,217$128,470$124,864$121,391$118,046$106,975
4 years$98,175$94,439$90,869$87,456$84,192$73,571
5 years$77,754$74,042$70,518$67,174$64,001$53,860
6 years$64,145$60,461$56,989$53,720$50,642$40,989
7 years$54,429$50,775$47,358$44,166$41,185$32,021
8 years$47,144$43,523$40,163$37,050$34,167$25,486
9 years$41,482$37,895$34,593$31,558$28,774$20,566
10 years$36,954$33,402$30,159$27,203$24,517$16,772
11 years$33,252$29,736$26,551$23,675$21,085$13,790
12 years$30,170$26,690$23,564$20,766$18,272$11,413
13 years$27,563$24,120$21,053$18,334$15,934$9,494
14 years$25,331$21,924$18,916$16,274$13,967$7,931
15 years$23,398$20,028$17,078$14,514$12,298$6,649
16 years$21,709$18,375$15,484$12,996$10,869$5,589
17 years$20,220$16,923$14,090$11,676$9,637$4,710
18 years$18,897$15,638$12,862$10,523$8,569$3,976
19 years$17,716$14,493$11,775$9,508$7,638$3,363
20 years$16,654$13,467$10,806$8,612$6,822$2,848
21 years$15,694$12,544$9,940$7,816$6,105$2,414
22 years$14,822$11,710$9,161$7,106$5,472$2,049
23 years$14,028$10,952$8,459$6,472$4,912$1,740
24 years$13,301$10,261$7,823$5,903$4,415$1,479
25 years$12,633$9,630$7,245$5,391$3,973$1,258
26 years$12,017$9,050$6,720$4,929$3,579$1,070
27 years$11,448$8,517$6,240$4,512$3,227$911
28 years$10,921$8,026$5,801$4,134$2,911$776
29 years$10,431$7,571$5,398$3,791$2,629$661
30 years$9,974$7,150$5,028$3,479$2,375$563
31 years$9,548$6,760$4,688$3,195$2,148$480
32 years$9,149$6,396$4,374$2,936$1,943$409
33 years$8,775$6,057$4,084$2,700$1,758$348
34 years$8,424$5,741$3,816$2,484$1,592$297
35 years$8,094$5,445$3,567$2,287$1,442$253
36 years$7,782$5,168$3,337$2,106$1,306$216
37 years$7,489$4,908$3,123$1,941$1,184$184
38 years$7,211$4,665$2,925$1,789$1,073$157
39 years$6,948$4,436$2,740$1,649$973$134
40 years$6,699$4,220$2,569$1,521$883$114
41 years$6,463$4,017$2,408$1,404$801$98
42 years$6,238$3,826$2,259$1,295$727$83
43 years$6,025$3,645$2,120$1,196$660$71
44 years$5,822$3,475$1,990$1,104$599$61
45 years$5,628$3,314$1,869$1,020$544$52
46 years$5,444$3,161$1,755$942$493$44
47 years$5,268$3,017$1,649$870$448$38
48 years$5,099$2,880$1,549$804$407$32
49 years$4,938$2,750$1,456$743$370$27
50 years$4,784$2,627$1,369$687$336$23

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 $2,343 every year, while hoping to spend $30,289 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: 34/36/30 Blend
56$4,900,000$4,900,000$4,900,000$4,900,000
57$5,402,217$5,142,517$5,066,567$5,536,861
58$5,921,016$5,362,273$5,204,070$5,859,027
59$6,491,717$5,591,782$5,345,163$6,203,338
60$7,119,582$5,831,490$5,489,937$6,574,062
61$7,810,410$6,081,863$5,638,480$6,973,576
62$8,570,588$6,343,390$5,790,885$7,404,485
63$9,407,155$6,616,583$5,947,247$7,869,650
64$10,327,866$6,901,977$6,107,661$8,372,209
65$11,341,267$7,200,133$6,272,227$8,915,606
66$12,456,774$7,511,637$6,441,044$9,503,620
67$13,684,761$7,837,104$6,614,215$10,140,405
68$15,036,662$8,177,176$6,791,845$10,830,518
69$16,525,071$8,532,528$6,974,042$11,578,966
70$18,163,871$8,903,864$7,160,915$12,391,252
71$19,968,355$9,291,922$7,352,575$13,273,419
72$21,955,377$9,697,477$7,549,136$14,232,108
73$24,143,508$10,121,336$7,750,715$15,274,621
74$26,553,213$10,564,348$7,957,431$16,408,981
75$29,207,039$11,027,400$8,169,404$17,644,010
76$32,129,836$11,511,422$8,386,758$18,989,407
77$35,348,985$12,017,386$8,609,619$20,455,839
78$38,894,656$12,546,313$8,838,116$22,055,035
79$42,800,098$13,099,270$9,072,381$23,799,896
80$47,101,949$13,677,374$9,312,546$25,704,613
81$51,840,579$14,281,798$9,558,748$27,784,798
82$57,060,478$14,913,766$9,811,126$30,057,625
83$62,810,670$15,574,564$10,069,822$32,541,993
84$69,145,178$16,265,536$10,334,980$35,258,695
85$76,123,531$16,988,093$10,606,747$38,230,613
86$83,811,331$17,743,709$10,885,273$41,482,933
87$92,280,867$18,533,931$11,170,710$45,043,369
88$101,611,801$19,360,379$11,463,214$48,942,429
89$111,891,916$20,224,749$11,762,943$53,213,695
90$123,217,948$21,128,818$12,070,058$57,894,132
91$135,696,496$22,074,448$12,384,722$63,024,434
92$149,445,031$23,063,588$12,707,103$68,649,404
93$164,593,003$24,098,282$13,037,369$74,818,369
94$181,283,061$25,180,671$13,375,694$81,585,639
95$199,672,406$26,312,996$13,722,251$89,011,013
96$219,934,265$27,497,607$14,077,221$97,160,341
97$242,259,536$28,736,964$14,440,783$106,106,132
98$266,858,581$30,033,648$14,813,122$115,928,238
99$293,963,218$31,390,359$15,194,424$126,714,594
100$323,828,909$32,809,929$15,584,879$138,562,043