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%17.9%
1 years$412,895$409,217$405,629$402,127$398,707$385,944
2 years$204,404$200,597$196,907$193,330$189,860$177,120
3 years$134,915$131,092$127,412$123,869$120,455$108,137
4 years$100,178$96,367$92,723$89,240$85,910$74,107
5 years$79,341$75,553$71,957$68,545$65,307$54,053
6 years$65,455$61,694$58,152$54,816$51,675$40,979
7 years$55,539$51,811$48,325$45,067$42,026$31,886
8 years$48,106$44,411$40,983$37,806$34,865$25,274
9 years$42,328$38,668$35,299$32,202$29,361$20,308
10 years$37,708$34,084$30,774$27,759$25,017$16,489
11 years$33,931$30,343$27,093$24,158$21,515$13,497
12 years$30,785$27,234$24,044$21,190$18,645$11,118
13 years$28,126$24,612$21,482$18,708$16,259$9,205
14 years$25,848$22,371$19,302$16,607$14,252$7,653
15 years$23,876$20,437$17,427$14,810$12,549$6,383
16 years$22,152$18,750$15,800$13,261$11,091$5,339
17 years$20,632$17,268$14,377$11,915$9,834$4,476
18 years$19,283$15,957$13,125$10,738$8,744$3,760
19 years$18,077$14,789$12,015$9,702$7,793$3,163
20 years$16,993$13,742$11,027$8,787$6,961$2,664
21 years$16,014$12,800$10,143$7,975$6,230$2,246
22 years$15,125$11,949$9,348$7,251$5,584$1,896
23 years$14,314$11,175$8,631$6,604$5,012$1,601
24 years$13,572$10,471$7,982$6,023$4,505$1,354
25 years$12,891$9,826$7,393$5,501$4,054$1,145
26 years$12,263$9,235$6,857$5,029$3,652$968
27 years$11,682$8,691$6,367$4,604$3,292$820
28 years$11,144$8,190$5,919$4,218$2,971$694
29 years$10,644$7,726$5,508$3,868$2,683$588
30 years$10,178$7,296$5,131$3,550$2,424$498
31 years$9,743$6,898$4,783$3,260$2,191$422
32 years$9,336$6,526$4,463$2,996$1,982$357
33 years$8,954$6,181$4,167$2,755$1,794$303
34 years$8,596$5,858$3,893$2,535$1,624$257
35 years$8,259$5,556$3,640$2,334$1,471$218
36 years$7,941$5,274$3,405$2,149$1,333$185
37 years$7,641$5,009$3,187$1,980$1,208$156
38 years$7,358$4,760$2,985$1,825$1,095$133
39 years$7,090$4,526$2,796$1,683$993$112
40 years$6,836$4,306$2,621$1,552$901$95
41 years$6,595$4,099$2,458$1,432$817$81
42 years$6,366$3,904$2,305$1,322$742$69
43 years$6,148$3,720$2,163$1,220$673$58
44 years$5,941$3,546$2,031$1,127$611$49
45 years$5,743$3,381$1,907$1,040$555$42
46 years$5,555$3,225$1,791$961$504$35
47 years$5,375$3,078$1,682$888$457$30
48 years$5,203$2,938$1,581$820$415$26
49 years$5,039$2,806$1,486$758$377$22
50 years$4,882$2,680$1,397$701$343$18

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 $3,194 every year, while hoping to spend $32,394 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: 80/9/11 Blend
56$5,000,000$5,000,000$5,000,000$5,000,000
57$5,513,295$5,248,295$5,170,795$5,943,558
58$6,041,184$5,470,994$5,309,549$6,449,132
59$6,621,832$5,703,520$5,451,866$6,999,261
60$7,260,586$5,946,320$5,597,831$7,602,004
61$7,963,338$6,199,862$5,747,531$8,262,609
62$8,736,579$6,464,636$5,901,054$8,986,856
63$9,587,462$6,741,155$6,058,491$9,781,108
64$10,523,867$7,029,955$6,219,934$10,652,376
65$11,554,477$7,331,599$6,385,478$11,608,377
66$12,688,861$7,646,674$6,555,218$12,657,614
67$13,937,560$7,975,796$6,729,254$13,809,450
68$15,312,191$8,319,611$6,907,684$15,074,198
69$16,825,555$8,678,791$7,090,611$16,463,218
70$18,491,754$9,054,045$7,278,139$17,989,023
71$20,326,330$9,446,111$7,470,374$19,665,396
72$22,346,408$9,855,762$7,667,424$21,507,520
73$24,570,859$10,283,811$7,869,400$23,532,119
74$27,020,474$10,731,106$8,076,412$25,757,618
75$29,718,167$11,198,534$8,288,576$28,204,314
76$32,689,185$11,687,028$8,506,009$30,894,566
77$35,961,349$12,197,560$8,728,828$33,853,007
78$39,565,317$12,731,150$8,957,154$37,106,774
79$43,534,871$13,288,868$9,191,110$40,685,765
80$47,907,237$13,871,832$9,430,821$44,622,919
81$52,723,436$14,481,213$9,676,415$48,954,525
82$58,028,672$15,118,238$9,928,020$53,720,565
83$63,872,756$15,784,191$10,185,769$58,965,089
84$70,310,580$16,480,419$10,449,795$64,736,633
85$77,402,630$17,208,331$10,720,234$71,088,669
86$85,215,561$17,969,401$10,997,224$78,080,116
87$93,822,823$18,765,177$11,280,906$85,775,890
88$103,305,357$19,597,277$11,571,423$94,247,518
89$113,752,357$20,467,397$11,868,919$103,573,809
90$125,262,112$21,377,313$12,173,541$113,841,599
91$137,942,932$22,328,886$12,485,440$125,146,569
92$151,914,174$23,324,065$12,804,765$137,594,145
93$167,307,367$24,364,891$13,131,672$151,300,492
94$184,267,451$25,453,503$13,466,315$166,393,610
95$202,954,147$26,592,141$13,808,853$183,014,539
96$223,543,466$27,783,152$14,159,445$201,318,689
97$246,229,367$29,028,994$14,518,255$221,477,308
98$271,225,591$30,332,244$14,885,445$243,679,089
99$298,767,676$31,695,598$15,261,182$268,131,958
100$329,115,181$33,121,885$15,645,634$295,065,028