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

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$445,927$441,955$438,080$434,297$430,604$423,296
2 years$220,756$216,645$212,660$208,797$205,049$197,709
3 years$145,709$141,580$137,605$133,778$130,092$122,948
4 years$108,192$104,076$100,141$96,380$92,783$85,890
5 years$85,689$81,597$77,714$74,029$70,532$63,911
6 years$70,691$66,630$62,804$59,201$55,809$49,467
7 years$59,983$55,956$52,191$48,673$45,388$39,326
8 years$51,955$47,964$44,262$40,830$37,654$31,872
9 years$45,714$41,762$38,123$34,778$31,710$26,204
10 years$40,725$36,811$33,236$29,979$27,018$21,784
11 years$36,645$32,771$29,261$26,091$23,237$18,268
12 years$33,248$29,413$25,968$22,885$20,136$15,427
13 years$30,376$26,581$23,201$20,204$17,559$13,102
14 years$27,916$24,161$20,846$17,935$15,392$11,180
15 years$25,786$22,072$18,821$15,995$13,553$9,576
16 years$23,924$20,250$17,064$14,322$11,978$8,230
17 years$22,283$18,650$15,528$12,868$10,620$7,092
18 years$20,826$17,233$14,175$11,597$9,443$6,126
19 years$19,523$15,972$12,976$10,479$8,417$5,301
20 years$18,353$14,842$11,909$9,490$7,518$4,596
21 years$17,295$13,824$10,954$8,613$6,728$3,990
22 years$16,335$12,905$10,096$7,831$6,031$3,468
23 years$15,459$12,069$9,322$7,132$5,413$3,018
24 years$14,658$11,308$8,621$6,505$4,866$2,629
25 years$13,922$10,612$7,985$5,941$4,378$2,291
26 years$13,244$9,974$7,405$5,432$3,944$1,999
27 years$12,617$9,386$6,877$4,972$3,556$1,744
28 years$12,035$8,845$6,393$4,555$3,208$1,523
29 years$11,495$8,344$5,949$4,177$2,897$1,331
30 years$10,992$7,880$5,541$3,834$2,618$1,163
31 years$10,522$7,449$5,166$3,521$2,367$1,017
32 years$10,083$7,049$4,820$3,236$2,141$890
33 years$9,671$6,675$4,500$2,976$1,937$778
34 years$9,284$6,326$4,205$2,738$1,754$681
35 years$8,920$6,001$3,931$2,520$1,589$596
36 years$8,576$5,695$3,678$2,321$1,440$522
37 years$8,253$5,409$3,442$2,139$1,305$457
38 years$7,947$5,141$3,223$1,971$1,183$400
39 years$7,657$4,888$3,020$1,818$1,073$350
40 years$7,383$4,651$2,831$1,676$973$307
41 years$7,122$4,427$2,654$1,547$883$269
42 years$6,875$4,216$2,490$1,427$801$235
43 years$6,640$4,017$2,336$1,318$727$206
44 years$6,416$3,829$2,193$1,217$660$181
45 years$6,203$3,652$2,059$1,124$599$158
46 years$5,999$3,484$1,934$1,038$544$139
47 years$5,805$3,324$1,817$959$494$121
48 years$5,619$3,174$1,707$886$448$106
49 years$5,442$3,031$1,605$819$407$93
50 years$5,272$2,895$1,509$757$370$82

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 $5,819 every year, while hoping to spend $21,901 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: 32/47/21 Blend
56$5,400,000$5,400,000$5,400,000$5,400,000
57$5,956,802$5,670,602$5,586,902$6,108,561
58$6,541,094$5,925,159$5,750,761$6,477,510
59$7,184,249$6,191,456$5,919,375$6,872,246
60$7,892,248$6,470,043$6,092,880$7,296,971
61$8,671,683$6,761,501$6,271,417$7,754,326
62$9,529,814$7,066,434$6,455,129$8,247,201
63$10,474,644$7,385,478$6,644,165$8,778,763
64$11,514,990$7,719,298$6,838,676$9,352,483
65$12,660,566$8,068,591$7,038,819$9,972,165
66$13,922,079$8,434,087$7,244,755$10,641,978
67$15,311,326$8,816,552$7,456,649$11,366,496
68$16,841,305$9,216,788$7,674,671$12,150,736
69$18,526,342$9,635,634$7,898,996$13,000,200
70$20,382,220$10,073,971$8,129,803$13,920,928
71$22,426,332$10,532,721$8,367,278$14,919,548
72$24,677,845$11,012,852$8,611,609$16,003,338
73$27,157,880$11,515,376$8,862,992$17,180,287
74$29,889,709$12,041,355$9,121,628$18,459,169
75$32,898,979$12,591,901$9,387,722$19,849,621
76$36,213,951$13,168,180$9,661,487$21,362,230
77$39,865,768$13,771,415$9,943,140$23,008,628
78$43,888,746$14,402,884$10,232,905$24,801,597
79$48,320,703$15,063,931$10,531,013$26,755,184
80$53,203,313$15,755,961$10,837,699$28,884,828
81$58,582,496$16,480,448$11,153,207$31,207,505
82$64,508,857$17,238,937$11,477,787$33,741,874
83$71,038,163$18,033,047$11,811,695$36,508,455
84$78,231,864$18,864,475$12,155,195$39,529,812
85$86,157,678$19,734,998$12,508,558$42,830,760
86$94,890,229$20,646,481$12,872,063$46,438,595
87$104,511,752$21,600,878$13,245,996$50,383,341
88$115,112,865$22,600,235$13,630,652$54,698,028
89$126,793,431$23,646,701$14,026,332$59,418,995
90$139,663,495$24,742,523$14,433,348$64,586,224
91$153,844,324$25,890,060$14,852,019$70,243,713
92$169,469,556$27,091,783$15,282,672$76,439,875
93$186,686,455$28,350,284$15,725,645$83,227,994
94$205,657,303$29,668,279$16,181,285$90,666,711
95$226,560,937$31,048,613$16,649,946$98,820,571
96$249,594,429$32,494,271$17,131,996$107,760,621
97$274,974,951$34,008,381$17,627,808$117,565,068
98$302,941,826$35,594,222$18,137,770$128,320,008
99$333,758,785$37,255,231$18,662,278$140,120,223
100$367,716,455$38,995,012$19,201,739$153,070,066