Can I retire at age 57 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$421,153$417,402$413,742$410,169$406,681$400,439
2 years$208,492$204,609$200,846$197,197$193,658$187,383
3 years$137,614$133,714$129,960$126,346$122,864$116,754
4 years$102,182$98,294$94,578$91,025$87,628$81,728
5 years$80,928$77,064$73,396$69,916$66,613$60,941
6 years$66,764$62,928$59,315$55,912$52,709$47,271
7 years$56,650$52,847$49,291$45,969$42,866$37,665
8 years$49,068$45,300$41,803$38,562$35,562$30,595
9 years$43,175$39,442$36,005$32,846$29,948$25,215
10 years$38,462$34,766$31,390$28,314$25,517$21,013
11 years$34,610$30,950$27,635$24,641$21,946$17,666
12 years$31,401$27,779$24,525$21,614$19,018$14,957
13 years$28,688$25,104$21,912$19,082$16,584$12,736
14 years$26,365$22,819$19,688$16,939$14,537$10,897
15 years$24,353$20,846$17,775$15,106$12,800$9,360
16 years$22,595$19,125$16,116$13,526$11,312$8,066
17 years$21,045$17,614$14,665$12,153$10,030$6,971
18 years$19,669$16,276$13,387$10,952$8,919$6,038
19 years$18,439$15,084$12,255$9,896$7,949$5,241
20 years$17,333$14,017$11,247$8,963$7,101$4,557
21 years$16,334$13,056$10,345$8,135$6,354$3,968
22 years$15,427$12,188$9,535$7,396$5,696$3,460
23 years$14,601$11,399$8,804$6,736$5,113$3,020
24 years$13,844$10,680$8,142$6,144$4,595$2,639
25 years$13,149$10,023$7,541$5,611$4,135$2,307
26 years$12,508$9,420$6,994$5,130$3,725$2,019
27 years$11,916$8,865$6,495$4,696$3,358$1,768
28 years$11,367$8,353$6,038$4,302$3,030$1,549
29 years$10,857$7,881$5,618$3,945$2,736$1,358
30 years$10,381$7,442$5,233$3,621$2,472$1,191
31 years$9,938$7,035$4,879$3,325$2,235$1,044
32 years$9,523$6,657$4,552$3,056$2,022$916
33 years$9,133$6,304$4,250$2,810$1,830$804
34 years$8,768$5,975$3,971$2,586$1,657$706
35 years$8,424$5,667$3,713$2,380$1,501$620
36 years$8,100$5,379$3,473$2,192$1,360$545
37 years$7,794$5,109$3,251$2,020$1,232$479
38 years$7,505$4,855$3,044$1,862$1,117$420
39 years$7,232$4,617$2,852$1,717$1,013$369
40 years$6,973$4,393$2,673$1,583$919$325
41 years$6,727$4,181$2,507$1,461$834$285
42 years$6,493$3,982$2,351$1,348$756$251
43 years$6,271$3,794$2,207$1,245$686$220
44 years$6,060$3,617$2,071$1,149$623$194
45 years$5,858$3,449$1,945$1,061$566$170
46 years$5,666$3,290$1,827$980$514$150
47 years$5,483$3,140$1,716$906$466$132
48 years$5,307$2,997$1,613$837$424$116
49 years$5,140$2,862$1,516$773$385$102
50 years$4,979$2,734$1,425$715$349$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,100,000, adding $4,168 every year, while hoping to spend $47,964 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: 66/7/27 Blend
56$5,100,000$5,100,000$5,100,000$5,100,000
57$5,624,499$5,354,199$5,275,149$5,955,631
58$6,147,165$5,565,522$5,400,833$6,390,780
59$6,721,535$5,785,591$5,529,121$6,860,617
60$7,352,832$6,014,786$5,660,047$7,373,268
61$8,046,812$6,253,501$5,793,649$7,932,960
62$8,809,813$6,502,149$5,929,963$8,544,342
63$9,648,820$6,761,161$6,069,023$9,212,538
64$10,571,529$7,030,987$6,210,864$9,943,185
65$11,586,418$7,312,098$6,355,521$10,742,496
66$12,702,828$7,604,986$6,503,026$11,617,311
67$13,931,051$7,910,166$6,653,413$12,575,161
68$15,282,429$8,228,174$6,806,712$13,624,343
69$16,769,454$8,559,573$6,962,955$14,773,995
70$18,405,896$8,904,949$7,122,171$16,034,181
71$20,206,921$9,264,916$7,284,388$17,415,987
72$22,189,246$9,640,115$7,449,634$18,931,626
73$24,371,286$10,031,218$7,617,934$20,594,547
74$26,773,335$10,438,925$7,789,312$22,419,569
75$29,417,752$10,863,969$7,963,791$24,423,016
76$32,329,176$11,307,117$8,141,391$26,622,869
77$35,534,756$11,769,170$8,322,132$29,038,939
78$39,064,407$12,250,965$8,506,029$31,693,050
79$42,951,093$12,753,379$8,693,098$34,609,246
80$47,231,139$13,277,328$8,883,350$37,814,017
81$51,944,568$13,823,771$9,076,796$41,336,547
82$57,135,486$14,393,708$9,273,441$45,208,991
83$62,852,494$14,988,188$9,473,290$49,466,775
84$69,149,147$15,608,307$9,676,343$54,148,931
85$76,084,457$16,255,212$9,882,598$59,298,465
86$83,723,455$16,930,101$10,092,048$64,962,761
87$92,137,800$17,634,228$10,304,685$71,194,027
88$101,406,457$18,368,906$10,520,493$78,049,789
89$111,616,441$19,135,508$10,739,454$85,593,432
90$122,863,638$19,935,468$10,961,546$93,894,794
91$135,253,713$20,770,290$11,186,742$103,030,829
92$148,903,102$21,641,544$11,415,008$113,086,332
93$163,940,114$22,550,875$11,646,306$124,154,735
94$180,506,141$23,500,004$11,880,593$136,338,989
95$198,756,994$24,490,730$12,117,819$149,752,537
96$218,864,369$25,524,938$12,357,928$164,520,380
97$241,017,472$26,604,598$12,600,856$180,780,259
98$265,424,804$27,731,772$12,846,534$198,683,953
99$292,316,125$28,908,621$13,094,884$218,398,709
100$321,944,628$30,137,401$13,345,821$240,108,821