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%16.5%
1 years$445,927$441,955$438,080$434,297$430,604$419,174
2 years$220,756$216,645$212,660$208,797$205,049$193,614
3 years$145,709$141,580$137,605$133,778$130,092$119,008
4 years$108,192$104,076$100,141$96,380$92,783$82,136
5 years$85,689$81,597$77,714$74,029$70,532$60,352
6 years$70,691$66,630$62,804$59,201$55,809$46,106
7 years$59,983$55,956$52,191$48,673$45,388$36,162
8 years$51,955$47,964$44,262$40,830$37,654$28,900
9 years$45,714$41,762$38,123$34,778$31,710$23,421
10 years$40,725$36,811$33,236$29,979$27,018$19,184
11 years$36,645$32,771$29,261$26,091$23,237$15,844
12 years$33,248$29,413$25,968$22,885$20,136$13,173
13 years$30,376$26,581$23,201$20,204$17,559$11,010
14 years$27,916$24,161$20,846$17,935$15,392$9,242
15 years$25,786$22,072$18,821$15,995$13,553$7,786
16 years$23,924$20,250$17,064$14,322$11,978$6,578
17 years$22,283$18,650$15,528$12,868$10,620$5,572
18 years$20,826$17,233$14,175$11,597$9,443$4,729
19 years$19,523$15,972$12,976$10,479$8,417$4,020
20 years$18,353$14,842$11,909$9,490$7,518$3,422
21 years$17,295$13,824$10,954$8,613$6,728$2,917
22 years$16,335$12,905$10,096$7,831$6,031$2,489
23 years$15,459$12,069$9,322$7,132$5,413$2,126
24 years$14,658$11,308$8,621$6,505$4,866$1,817
25 years$13,922$10,612$7,985$5,941$4,378$1,554
26 years$13,244$9,974$7,405$5,432$3,944$1,329
27 years$12,617$9,386$6,877$4,972$3,556$1,138
28 years$12,035$8,845$6,393$4,555$3,208$975
29 years$11,495$8,344$5,949$4,177$2,897$835
30 years$10,992$7,880$5,541$3,834$2,618$715
31 years$10,522$7,449$5,166$3,521$2,367$613
32 years$10,083$7,049$4,820$3,236$2,141$526
33 years$9,671$6,675$4,500$2,976$1,937$451
34 years$9,284$6,326$4,205$2,738$1,754$387
35 years$8,920$6,001$3,931$2,520$1,589$332
36 years$8,576$5,695$3,678$2,321$1,440$284
37 years$8,253$5,409$3,442$2,139$1,305$244
38 years$7,947$5,141$3,223$1,971$1,183$209
39 years$7,657$4,888$3,020$1,818$1,073$180
40 years$7,383$4,651$2,831$1,676$973$154
41 years$7,122$4,427$2,654$1,547$883$132
42 years$6,875$4,216$2,490$1,427$801$113
43 years$6,640$4,017$2,336$1,318$727$97
44 years$6,416$3,829$2,193$1,217$660$84
45 years$6,203$3,652$2,059$1,124$599$72
46 years$5,999$3,484$1,934$1,038$544$62
47 years$5,805$3,324$1,817$959$494$53
48 years$5,619$3,174$1,707$886$448$45
49 years$5,442$3,031$1,605$819$407$39
50 years$5,272$2,895$1,509$757$370$33

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 $2,586 every year, while hoping to spend $59,005 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: 79/7/14 Blend
56$5,400,000$5,400,000$5,400,000$5,400,000
57$5,953,467$5,667,267$5,583,567$6,406,767
58$6,497,940$5,882,183$5,707,836$6,920,341
59$7,095,972$6,105,651$5,834,290$7,475,857
60$7,752,962$6,338,030$5,962,941$8,083,678
61$8,474,862$6,579,691$6,093,797$8,749,015
62$9,268,225$6,831,023$6,226,866$9,477,603
63$10,140,272$7,092,431$6,362,154$10,275,758
64$11,098,959$7,364,339$6,499,665$11,150,439
65$12,153,050$7,647,189$6,639,401$12,109,309
66$13,312,201$7,941,441$6,781,361$13,160,808
67$14,587,051$8,247,577$6,925,541$14,314,232
68$15,989,321$8,566,099$7,071,938$15,579,824
69$17,531,926$8,897,532$7,220,542$16,968,863
70$19,229,095$9,242,424$7,371,343$18,493,776
71$21,096,506$9,601,346$7,524,326$20,168,252
72$23,151,433$9,974,895$7,679,475$22,007,371
73$25,412,910$10,363,696$7,836,769$24,027,747
74$27,901,909$10,768,399$7,996,182$26,247,682
75$30,641,537$11,189,684$8,157,688$28,687,339
76$33,657,257$11,628,262$8,321,254$31,368,932
77$36,977,125$12,084,874$8,486,843$34,316,937
78$40,632,053$12,560,295$8,654,414$37,558,317
79$44,656,108$13,055,334$8,823,922$41,122,781
80$49,086,822$13,570,837$8,995,315$45,043,062
81$53,965,557$14,107,688$9,168,537$49,355,222
82$59,337,888$14,666,808$9,343,526$54,098,999
83$65,254,033$15,249,162$9,520,215$59,318,173
84$71,769,330$15,855,757$9,698,529$65,060,984
85$78,944,759$16,487,646$9,878,386$71,380,585
86$86,847,513$17,145,929$10,059,701$78,335,542
87$95,551,635$17,831,755$10,242,376$85,990,386
88$105,138,716$18,546,325$10,426,310$94,416,222
89$115,698,664$19,290,895$10,611,391$103,691,400
90$127,330,556$20,066,776$10,797,500$113,902,252
91$140,143,565$20,875,341$10,984,509$125,143,906
92$154,257,997$21,718,022$11,172,279$137,521,183
93$169,806,426$22,596,317$11,360,663$151,149,588
94$186,934,938$23,511,794$11,549,502$166,156,394
95$205,804,519$24,466,088$11,738,627$182,681,848
96$226,592,566$25,460,914$11,927,858$200,880,489
97$249,494,569$26,498,059$12,117,002$220,922,609
98$274,725,946$27,579,395$12,305,853$242,995,857
99$302,524,087$28,706,880$12,494,193$267,307,011
100$333,150,585$29,882,558$12,681,789$294,083,926