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%15.6%
1 years$445,927$441,955$438,080$434,297$430,604$420,707
2 years$220,756$216,645$212,660$208,797$205,049$195,133
3 years$145,709$141,580$137,605$133,778$130,092$120,466
4 years$108,192$104,076$100,141$96,380$92,783$83,521
5 years$85,689$81,597$77,714$74,029$70,532$61,661
6 years$70,691$66,630$62,804$59,201$55,809$47,338
7 years$59,983$55,956$52,191$48,673$45,388$37,317
8 years$51,955$47,964$44,262$40,830$37,654$29,981
9 years$45,714$41,762$38,123$34,778$31,710$24,429
10 years$40,725$36,811$33,236$29,979$27,018$20,122
11 years$36,645$32,771$29,261$26,091$23,237$16,715
12 years$33,248$29,413$25,968$22,885$20,136$13,979
13 years$30,376$26,581$23,201$20,204$17,559$11,754
14 years$27,916$24,161$20,846$17,935$15,392$9,928
15 years$25,786$22,072$18,821$15,995$13,553$8,417
16 years$23,924$20,250$17,064$14,322$11,978$7,157
17 years$22,283$18,650$15,528$12,868$10,620$6,101
18 years$20,826$17,233$14,175$11,597$9,443$5,213
19 years$19,523$15,972$12,976$10,479$8,417$4,461
20 years$18,353$14,842$11,909$9,490$7,518$3,824
21 years$17,295$13,824$10,954$8,613$6,728$3,282
22 years$16,335$12,905$10,096$7,831$6,031$2,820
23 years$15,459$12,069$9,322$7,132$5,413$2,426
24 years$14,658$11,308$8,621$6,505$4,866$2,088
25 years$13,922$10,612$7,985$5,941$4,378$1,798
26 years$13,244$9,974$7,405$5,432$3,944$1,550
27 years$12,617$9,386$6,877$4,972$3,556$1,337
28 years$12,035$8,845$6,393$4,555$3,208$1,153
29 years$11,495$8,344$5,949$4,177$2,897$995
30 years$10,992$7,880$5,541$3,834$2,618$859
31 years$10,522$7,449$5,166$3,521$2,367$742
32 years$10,083$7,049$4,820$3,236$2,141$641
33 years$9,671$6,675$4,500$2,976$1,937$554
34 years$9,284$6,326$4,205$2,738$1,754$478
35 years$8,920$6,001$3,931$2,520$1,589$413
36 years$8,576$5,695$3,678$2,321$1,440$357
37 years$8,253$5,409$3,442$2,139$1,305$309
38 years$7,947$5,141$3,223$1,971$1,183$267
39 years$7,657$4,888$3,020$1,818$1,073$231
40 years$7,383$4,651$2,831$1,676$973$200
41 years$7,122$4,427$2,654$1,547$883$173
42 years$6,875$4,216$2,490$1,427$801$149
43 years$6,640$4,017$2,336$1,318$727$129
44 years$6,416$3,829$2,193$1,217$660$112
45 years$6,203$3,652$2,059$1,124$599$97
46 years$5,999$3,484$1,934$1,038$544$83
47 years$5,805$3,324$1,817$959$494$72
48 years$5,619$3,174$1,707$886$448$62
49 years$5,442$3,031$1,605$819$407$54
50 years$5,272$2,895$1,509$757$370$47

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 $4,214 every year, while hoping to spend $35,505 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: 44/41/15 Blend
56$5,400,000$5,400,000$5,400,000$5,400,000
57$5,955,147$5,668,947$5,585,247$6,191,237
58$6,524,795$5,908,948$5,734,575$6,596,769
59$7,151,357$6,159,520$5,887,717$7,032,168
60$7,840,601$6,421,141$6,044,761$7,503,322
61$8,598,881$6,694,317$6,205,800$8,013,540
62$9,433,201$6,979,572$6,370,927$8,566,461
63$10,351,273$7,277,457$6,540,240$9,166,075
64$11,361,600$7,588,549$6,713,834$9,816,769
65$12,473,546$7,913,451$6,891,811$10,523,358
66$13,697,433$8,252,795$7,074,271$11,291,134
67$15,044,631$8,607,242$7,261,319$12,125,911
68$16,527,669$8,977,483$7,453,060$13,034,078
69$18,160,356$9,364,244$7,649,601$14,022,660
70$19,957,902$9,768,282$7,851,053$15,099,374
71$21,937,072$10,190,391$8,057,527$16,272,708
72$24,116,336$10,631,403$8,269,137$17,551,994
73$26,516,048$11,092,188$8,485,999$18,947,493
74$29,158,635$11,573,656$8,708,231$20,470,489
75$32,068,813$12,076,761$8,935,953$22,133,396
76$35,273,812$12,602,503$9,169,287$23,949,866
77$38,803,641$13,151,926$9,408,359$25,934,919
78$42,691,368$13,726,126$9,653,295$28,105,079
79$46,973,430$14,326,249$9,904,223$30,478,527
80$51,689,980$14,953,495$10,161,274$33,075,269
81$56,885,264$15,609,123$10,424,583$35,917,322
82$62,608,039$16,294,447$10,694,284$39,028,912
83$68,912,031$17,010,848$10,970,515$42,436,707
84$75,856,447$17,759,768$11,253,417$46,170,056
85$83,506,529$18,542,720$11,543,130$50,261,267
86$91,934,169$19,361,288$11,839,799$54,745,902
87$101,218,593$20,217,129$12,143,570$59,663,113
88$111,447,102$21,111,982$12,454,593$65,056,001
89$122,715,903$22,047,665$12,773,018$70,972,020
90$135,131,009$23,026,084$13,098,998$77,463,418
91$148,809,245$24,049,236$13,432,688$84,587,723
92$163,879,350$25,119,211$13,774,245$92,408,283
93$180,483,190$26,238,198$14,123,828$100,994,851
94$198,777,098$27,408,492$14,481,599$110,424,243
95$218,933,350$28,632,497$14,847,721$120,781,051
96$241,141,791$29,912,729$15,222,359$132,158,436
97$265,611,626$31,251,825$15,605,681$144,658,997
98$292,573,396$32,652,548$15,997,855$158,395,732
99$322,281,152$34,117,792$16,399,052$173,493,100
100$355,014,854$35,650,589$16,809,446$190,088,176