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

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$404,637$401,033$397,517$394,084$390,733$375,824
2 years$200,316$196,585$192,969$189,464$186,063$171,218
3 years$132,217$128,470$124,864$121,391$118,046$103,732
4 years$98,175$94,439$90,869$87,456$84,192$70,517
5 years$77,754$74,042$70,518$67,174$64,001$51,002
6 years$64,145$60,461$56,989$53,720$50,642$38,327
7 years$54,429$50,775$47,358$44,166$41,185$29,551
8 years$47,144$43,523$40,163$37,050$34,167$23,202
9 years$41,482$37,895$34,593$31,558$28,774$18,462
10 years$36,954$33,402$30,159$27,203$24,517$14,840
11 years$33,252$29,736$26,551$23,675$21,085$12,021
12 years$30,170$26,690$23,564$20,766$18,272$9,797
13 years$27,563$24,120$21,053$18,334$15,934$8,023
14 years$25,331$21,924$18,916$16,274$13,967$6,596
15 years$23,398$20,028$17,078$14,514$12,298$5,440
16 years$21,709$18,375$15,484$12,996$10,869$4,498
17 years$20,220$16,923$14,090$11,676$9,637$3,727
18 years$18,897$15,638$12,862$10,523$8,569$3,093
19 years$17,716$14,493$11,775$9,508$7,638$2,570
20 years$16,654$13,467$10,806$8,612$6,822$2,139
21 years$15,694$12,544$9,940$7,816$6,105$1,781
22 years$14,822$11,710$9,161$7,106$5,472$1,485
23 years$14,028$10,952$8,459$6,472$4,912$1,238
24 years$13,301$10,261$7,823$5,903$4,415$1,033
25 years$12,633$9,630$7,245$5,391$3,973$863
26 years$12,017$9,050$6,720$4,929$3,579$721
27 years$11,448$8,517$6,240$4,512$3,227$602
28 years$10,921$8,026$5,801$4,134$2,911$503
29 years$10,431$7,571$5,398$3,791$2,629$421
30 years$9,974$7,150$5,028$3,479$2,375$352
31 years$9,548$6,760$4,688$3,195$2,148$294
32 years$9,149$6,396$4,374$2,936$1,943$246
33 years$8,775$6,057$4,084$2,700$1,758$206
34 years$8,424$5,741$3,816$2,484$1,592$172
35 years$8,094$5,445$3,567$2,287$1,442$144
36 years$7,782$5,168$3,337$2,106$1,306$120
37 years$7,489$4,908$3,123$1,941$1,184$101
38 years$7,211$4,665$2,925$1,789$1,073$84
39 years$6,948$4,436$2,740$1,649$973$70
40 years$6,699$4,220$2,569$1,521$883$59
41 years$6,463$4,017$2,408$1,404$801$49
42 years$6,238$3,826$2,259$1,295$727$41
43 years$6,025$3,645$2,120$1,196$660$35
44 years$5,822$3,475$1,990$1,104$599$29
45 years$5,628$3,314$1,869$1,020$544$24
46 years$5,444$3,161$1,755$942$493$20
47 years$5,268$3,017$1,649$870$448$17
48 years$5,099$2,880$1,549$804$407$14
49 years$4,938$2,750$1,456$743$370$12
50 years$4,784$2,627$1,369$687$336$10

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 $2,389 every year, while hoping to spend $35,934 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: 53/42/5 Blend
56$4,900,000$4,900,000$4,900,000$4,900,000
57$5,402,264$5,142,564$5,066,614$5,682,587
58$5,915,062$5,356,316$5,198,112$6,086,167
59$6,478,960$5,579,338$5,332,811$6,520,829
60$7,099,134$5,812,045$5,470,780$6,992,798
61$7,781,284$6,054,874$5,612,090$7,505,600
62$8,531,692$6,308,280$5,756,811$8,063,108
63$9,357,277$6,572,739$5,905,018$8,669,578
64$10,265,667$6,848,750$6,056,783$9,329,686
65$11,265,261$7,136,834$6,212,181$10,048,574
66$12,365,317$7,437,539$6,371,289$10,831,894
67$13,576,036$7,751,435$6,534,184$11,685,858
68$14,908,656$8,079,119$6,700,943$12,617,298
69$16,375,560$8,421,218$6,871,646$13,633,726
70$17,990,395$8,778,386$7,046,374$14,743,406
71$19,768,196$9,151,307$7,225,208$15,955,425
72$21,725,530$9,540,699$7,408,231$17,279,779
73$23,880,653$9,947,312$7,595,526$18,727,466
74$26,253,681$10,371,932$7,787,177$20,310,585
75$28,866,779$10,815,379$7,983,270$22,042,450
76$31,744,373$11,278,515$8,183,892$23,937,709
77$34,913,377$11,762,240$8,389,130$26,012,483
78$38,403,448$12,267,497$8,599,073$28,284,514
79$42,247,267$12,795,272$8,813,809$30,773,330
80$46,480,846$13,346,597$9,033,429$33,500,422
81$51,143,867$13,922,555$9,258,024$36,489,449
82$56,280,058$14,524,277$9,487,684$39,766,455
83$61,937,605$15,152,948$9,722,503$43,360,109
84$68,169,608$15,809,809$9,962,573$47,301,978
85$75,034,576$16,496,158$10,207,988$51,626,811
86$82,596,990$17,213,357$10,458,843$56,372,873
87$90,927,899$17,962,828$10,715,230$61,582,293
88$100,105,601$18,746,062$10,977,247$67,301,465
89$110,216,374$19,564,621$11,244,987$73,581,473
90$121,355,297$20,420,140$11,518,546$80,478,573
91$133,627,140$21,314,330$11,798,020$88,054,718
92$147,147,360$22,248,984$12,083,506$96,378,135
93$162,043,186$23,225,979$12,375,098$105,523,967
94$178,454,819$24,247,281$12,672,892$115,574,972
95$196,536,761$25,314,948$12,976,984$126,622,298
96$216,459,267$26,431,136$13,287,469$138,766,341
97$238,409,955$27,598,104$13,604,442$152,117,681
98$262,595,576$28,818,217$13,927,997$166,798,120
99$289,243,966$30,093,951$14,258,226$182,941,824
100$318,606,196$31,427,901$14,595,222$200,696,582