Can I retire at age 57 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$445,927$441,955$438,080$434,297$430,604$416,486
2 years$220,756$216,645$212,660$208,797$205,049$190,961
3 years$145,709$141,580$137,605$133,778$130,092$116,475
4 years$108,192$104,076$100,141$96,380$92,783$79,741
5 years$85,689$81,597$77,714$74,029$70,532$58,101
6 years$70,691$66,630$62,804$59,201$55,809$43,999
7 years$59,983$55,956$52,191$48,673$45,388$34,197
8 years$51,955$47,964$44,262$40,830$37,654$27,074
9 years$45,714$41,762$38,123$34,778$31,710$21,728
10 years$40,725$36,811$33,236$29,979$27,018$17,620
11 years$36,645$32,771$29,261$26,091$23,237$14,403
12 years$33,248$29,413$25,968$22,885$20,136$11,849
13 years$30,376$26,581$23,201$20,204$17,559$9,797
14 years$27,916$24,161$20,846$17,935$15,392$8,134
15 years$25,786$22,072$18,821$15,995$13,553$6,775
16 years$23,924$20,250$17,064$14,322$11,978$5,659
17 years$22,283$18,650$15,528$12,868$10,620$4,737
18 years$20,826$17,233$14,175$11,597$9,443$3,973
19 years$19,523$15,972$12,976$10,479$8,417$3,337
20 years$18,353$14,842$11,909$9,490$7,518$2,806
21 years$17,295$13,824$10,954$8,613$6,728$2,363
22 years$16,335$12,905$10,096$7,831$6,031$1,991
23 years$15,459$12,069$9,322$7,132$5,413$1,679
24 years$14,658$11,308$8,621$6,505$4,866$1,417
25 years$13,922$10,612$7,985$5,941$4,378$1,196
26 years$13,244$9,974$7,405$5,432$3,944$1,011
27 years$12,617$9,386$6,877$4,972$3,556$854
28 years$12,035$8,845$6,393$4,555$3,208$722
29 years$11,495$8,344$5,949$4,177$2,897$610
30 years$10,992$7,880$5,541$3,834$2,618$516
31 years$10,522$7,449$5,166$3,521$2,367$437
32 years$10,083$7,049$4,820$3,236$2,141$369
33 years$9,671$6,675$4,500$2,976$1,937$312
34 years$9,284$6,326$4,205$2,738$1,754$264
35 years$8,920$6,001$3,931$2,520$1,589$224
36 years$8,576$5,695$3,678$2,321$1,440$189
37 years$8,253$5,409$3,442$2,139$1,305$160
38 years$7,947$5,141$3,223$1,971$1,183$136
39 years$7,657$4,888$3,020$1,818$1,073$115
40 years$7,383$4,651$2,831$1,676$973$97
41 years$7,122$4,427$2,654$1,547$883$82
42 years$6,875$4,216$2,490$1,427$801$70
43 years$6,640$4,017$2,336$1,318$727$59
44 years$6,416$3,829$2,193$1,217$660$50
45 years$6,203$3,652$2,059$1,124$599$42
46 years$5,999$3,484$1,934$1,038$544$36
47 years$5,805$3,324$1,817$959$494$30
48 years$5,619$3,174$1,707$886$448$26
49 years$5,442$3,031$1,605$819$407$22
50 years$5,272$2,895$1,509$757$370$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,400,000, adding $3,693 every year, while hoping to spend $27,147 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: 41/34/25 Blend
56$5,400,000$5,400,000$5,400,000$5,400,000
57$5,954,609$5,668,409$5,584,709$6,154,801
58$6,533,095$5,917,277$5,742,913$6,547,995
59$7,169,677$6,177,430$5,905,506$6,970,473
60$7,870,251$6,449,391$6,072,608$7,427,242
61$8,641,316$6,733,711$6,244,340$7,921,466
62$9,490,032$7,030,963$6,420,826$8,456,617
63$10,424,285$7,341,751$6,602,195$9,036,507
64$11,452,771$7,666,705$6,788,577$9,665,323
65$12,585,066$8,006,486$6,980,106$10,347,662
66$13,831,725$8,361,786$7,176,922$11,088,576
67$15,204,376$8,733,329$7,379,164$11,893,615
68$16,715,836$9,121,876$7,586,979$12,768,876
69$18,380,223$9,528,220$7,800,516$13,721,062
70$20,213,099$9,953,195$8,019,925$14,757,539
71$22,231,607$10,397,674$8,245,365$15,886,405
72$24,454,642$10,862,571$8,476,996$17,116,566
73$26,903,022$11,348,843$8,714,981$18,457,810
74$29,599,687$11,857,494$8,959,491$19,920,905
75$32,569,918$12,389,574$9,210,697$21,517,692
76$35,841,571$12,946,185$9,468,777$23,261,195
77$39,445,343$13,528,479$9,733,912$25,165,743
78$43,415,059$14,137,666$10,006,289$27,247,098
79$47,787,995$14,775,011$10,286,099$29,522,602
80$52,605,225$15,441,841$10,573,538$32,011,338
81$57,912,012$16,139,546$10,868,806$34,734,304
82$63,758,235$16,869,581$11,172,108$37,714,609
83$70,198,857$17,633,472$11,483,656$40,977,684
84$77,294,447$18,432,819$11,803,665$44,551,523
85$85,111,749$19,269,296$12,132,357$48,466,936
86$93,724,314$20,144,658$12,469,957$52,757,840
87$103,213,192$21,060,745$12,816,699$57,461,571
88$113,667,700$22,019,483$13,172,821$62,619,233
89$125,186,260$23,022,893$13,538,565$68,276,078
90$137,877,334$24,073,090$13,914,182$74,481,931
91$151,860,442$25,172,291$14,299,928$81,291,652
92$167,267,296$26,322,822$14,696,064$88,765,646
93$184,243,037$27,527,118$15,102,859$96,970,430
94$202,947,610$28,787,729$15,520,588$105,979,250
95$223,557,270$30,107,332$15,949,531$115,872,770
96$246,266,249$31,488,729$16,389,978$126,739,823
97$271,288,588$32,934,858$16,842,224$138,678,238
98$298,860,155$34,448,797$17,306,569$151,795,765
99$329,240,876$36,033,774$17,783,325$166,211,072
100$362,717,186$37,693,169$18,272,807$182,054,865