Can I retire at age 57 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$412,895$409,217$405,629$402,127$398,707$387,810
2 years$204,404$200,597$196,907$193,330$189,860$178,962
3 years$134,915$131,092$127,412$123,869$120,455$109,896
4 years$100,178$96,367$92,723$89,240$85,910$75,771
5 years$79,341$75,553$71,957$68,545$65,307$55,616
6 years$65,455$61,694$58,152$54,816$51,675$42,442
7 years$55,539$51,811$48,325$45,067$42,026$33,250
8 years$48,106$44,411$40,983$37,806$34,865$26,542
9 years$42,328$38,668$35,299$32,202$29,361$21,484
10 years$37,708$34,084$30,774$27,759$25,017$17,575
11 years$33,931$30,343$27,093$24,158$21,515$14,497
12 years$30,785$27,234$24,044$21,190$18,645$12,037
13 years$28,126$24,612$21,482$18,708$16,259$10,047
14 years$25,848$22,371$19,302$16,607$14,252$8,422
15 years$23,876$20,437$17,427$14,810$12,549$7,085
16 years$22,152$18,750$15,800$13,261$11,091$5,978
17 years$20,632$17,268$14,377$11,915$9,834$5,056
18 years$19,283$15,957$13,125$10,738$8,744$4,284
19 years$18,077$14,789$12,015$9,702$7,793$3,637
20 years$16,993$13,742$11,027$8,787$6,961$3,092
21 years$16,014$12,800$10,143$7,975$6,230$2,631
22 years$15,125$11,949$9,348$7,251$5,584$2,242
23 years$14,314$11,175$8,631$6,604$5,012$1,911
24 years$13,572$10,471$7,982$6,023$4,505$1,631
25 years$12,891$9,826$7,393$5,501$4,054$1,393
26 years$12,263$9,235$6,857$5,029$3,652$1,190
27 years$11,682$8,691$6,367$4,604$3,292$1,017
28 years$11,144$8,190$5,919$4,218$2,971$869
29 years$10,644$7,726$5,508$3,868$2,683$743
30 years$10,178$7,296$5,131$3,550$2,424$636
31 years$9,743$6,898$4,783$3,260$2,191$544
32 years$9,336$6,526$4,463$2,996$1,982$466
33 years$8,954$6,181$4,167$2,755$1,794$399
34 years$8,596$5,858$3,893$2,535$1,624$341
35 years$8,259$5,556$3,640$2,334$1,471$292
36 years$7,941$5,274$3,405$2,149$1,333$250
37 years$7,641$5,009$3,187$1,980$1,208$214
38 years$7,358$4,760$2,985$1,825$1,095$184
39 years$7,090$4,526$2,796$1,683$993$157
40 years$6,836$4,306$2,621$1,552$901$135
41 years$6,595$4,099$2,458$1,432$817$115
42 years$6,366$3,904$2,305$1,322$742$99
43 years$6,148$3,720$2,163$1,220$673$85
44 years$5,941$3,546$2,031$1,127$611$73
45 years$5,743$3,381$1,907$1,040$555$62
46 years$5,555$3,225$1,791$961$504$53
47 years$5,375$3,078$1,682$888$457$46
48 years$5,203$2,938$1,581$820$415$39
49 years$5,039$2,806$1,486$758$377$34
50 years$4,882$2,680$1,397$701$343$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,000,000, adding $6,716 every year, while hoping to spend $22,920 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: 82/5/13 Blend
56$5,000,000$5,000,000$5,000,000$5,000,000
57$5,516,928$5,251,928$5,174,428$5,955,364
58$6,055,267$5,484,885$5,323,384$6,476,893
59$6,647,750$5,728,490$5,476,563$7,045,711
60$7,299,873$5,983,239$5,634,080$7,669,592
61$8,017,696$6,249,653$5,796,057$8,354,055
62$8,807,893$6,528,278$5,962,618$9,105,177
63$9,677,821$6,819,686$6,133,888$9,929,652
64$10,635,584$7,124,476$6,309,999$10,834,854
65$11,690,114$7,443,276$6,491,084$11,828,904
66$12,851,251$7,776,743$6,677,281$12,920,748
67$14,129,840$8,125,564$6,868,732$14,120,239
68$15,537,830$8,490,463$7,065,580$15,438,233
69$17,088,387$8,872,194$7,267,975$16,886,688
70$18,796,020$9,271,549$7,476,070$18,478,776
71$20,676,718$9,689,359$7,690,022$20,229,010
72$22,748,097$10,126,491$7,909,992$22,153,376
73$25,029,570$10,583,857$8,136,144$24,269,488
74$27,542,531$11,062,410$8,368,650$26,596,749
75$30,310,552$11,563,151$8,607,682$29,156,537
76$33,359,610$12,087,127$8,853,421$31,972,404
77$36,718,329$12,635,435$9,106,049$35,070,299
78$40,418,253$13,209,226$9,365,756$38,478,811
79$44,494,140$13,809,704$9,632,735$42,229,440
80$48,984,295$14,438,131$9,907,184$46,356,892
81$53,930,925$15,095,832$10,189,307$50,899,403
82$59,380,545$15,784,193$10,479,314$55,899,107
83$65,384,408$16,504,666$10,777,418$61,402,425
84$71,998,997$17,258,775$11,083,842$67,460,506
85$79,286,554$18,048,114$11,398,810$74,129,708
86$87,315,668$18,874,356$11,722,554$81,472,130
87$96,161,920$19,739,254$12,055,314$89,556,194
88$105,908,601$20,644,643$12,397,333$98,457,296
89$116,647,496$21,592,448$12,748,861$108,258,509
90$128,479,749$22,584,687$13,110,157$119,051,373
91$141,516,820$23,623,472$13,481,483$130,936,753
92$155,881,534$24,711,021$13,863,111$144,025,792
93$171,709,244$25,849,655$14,255,319$158,440,960
94$189,149,106$27,041,807$14,658,391$174,317,206
95$208,365,488$28,290,028$15,072,620$191,803,232
96$229,539,520$29,596,992$15,498,306$211,062,897
97$252,870,808$30,965,502$15,935,756$232,276,759
98$278,579,312$32,398,493$16,385,285$255,643,782
99$306,907,428$33,899,044$16,847,218$281,383,207
100$338,122,271$35,470,384$17,321,885$309,736,627