Can I retire at age 57 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$454,185$450,139$446,192$442,340$438,578$422,848
2 years$224,844$220,656$216,598$212,663$208,847$193,170
3 years$148,407$144,201$140,153$136,255$132,501$117,369
4 years$110,196$106,003$101,996$98,164$94,501$80,030
5 years$87,275$83,108$79,153$75,400$71,838$58,066
6 years$72,000$67,864$63,967$60,298$56,843$43,780
7 years$61,093$56,992$53,157$49,574$46,229$33,871
8 years$52,917$48,853$45,081$41,586$38,351$26,689
9 years$46,561$42,535$38,829$35,422$32,297$21,315
10 years$41,479$37,493$33,852$30,534$27,519$17,198
11 years$37,324$33,377$29,802$26,574$23,667$13,986
12 years$33,864$29,958$26,449$23,309$20,509$11,444
13 years$30,938$27,073$23,630$20,578$17,885$9,411
14 years$28,433$24,609$21,232$18,267$15,677$7,770
15 years$26,263$22,480$19,170$16,291$13,804$6,435
16 years$24,367$20,625$17,380$14,587$12,200$5,344
17 years$22,696$18,995$15,815$13,106$10,817$4,447
18 years$21,211$17,552$14,437$11,811$9,618$3,707
19 years$19,885$16,267$13,217$10,673$8,573$3,095
20 years$18,693$15,116$12,130$9,666$7,657$2,587
21 years$17,615$14,080$11,157$8,773$6,853$2,165
22 years$16,637$13,144$10,283$7,976$6,142$1,813
23 years$15,746$12,293$9,494$7,264$5,514$1,519
24 years$14,930$11,518$8,781$6,625$4,956$1,274
25 years$14,180$10,809$8,133$6,051$4,459$1,069
26 years$13,489$10,158$7,543$5,532$4,017$897
27 years$12,850$9,560$7,004$5,064$3,622$753
28 years$12,258$9,009$6,511$4,640$3,268$632
29 years$11,708$8,499$6,059$4,255$2,951$531
30 years$11,196$8,026$5,644$3,905$2,666$446
31 years$10,717$7,587$5,262$3,586$2,411$375
32 years$10,269$7,179$4,909$3,296$2,180$315
33 years$9,850$6,799$4,584$3,031$1,973$265
34 years$9,456$6,444$4,283$2,789$1,787$223
35 years$9,085$6,112$4,004$2,567$1,618$187
36 years$8,735$5,801$3,746$2,364$1,466$157
37 years$8,405$5,510$3,506$2,178$1,329$132
38 years$8,094$5,236$3,283$2,008$1,205$111
39 years$7,799$4,979$3,076$1,851$1,092$94
40 years$7,519$4,737$2,883$1,708$991$79
41 years$7,254$4,509$2,703$1,575$899$66
42 years$7,002$4,294$2,536$1,454$816$56
43 years$6,763$4,092$2,380$1,342$740$47
44 years$6,535$3,900$2,234$1,239$672$39
45 years$6,318$3,719$2,097$1,144$610$33
46 years$6,110$3,548$1,970$1,057$554$28
47 years$5,913$3,386$1,851$977$503$23
48 years$5,724$3,232$1,739$902$457$20
49 years$5,543$3,087$1,635$834$415$17
50 years$5,370$2,949$1,537$771$377$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,500,000, adding $4,302 every year, while hoping to spend $27,636 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: 53/42/5 Blend
56$5,500,000$5,500,000$5,500,000$5,500,000
57$6,065,438$5,773,938$5,688,688$6,380,085
58$6,654,708$6,027,456$5,849,854$6,846,860
59$7,303,157$6,292,471$6,015,493$7,350,984
60$8,016,793$6,569,515$6,185,726$7,898,720
61$8,802,234$6,859,150$6,360,676$8,494,188
62$9,666,774$7,161,960$6,540,471$9,141,912
63$10,618,448$7,478,559$6,725,240$9,846,862
64$11,666,111$7,809,590$6,915,117$10,614,500
65$12,819,521$8,155,726$7,110,239$11,450,829
66$14,089,427$8,517,672$7,310,747$12,362,445
67$15,487,676$8,896,166$7,516,786$13,356,601
68$17,027,323$9,291,982$7,728,501$14,441,270
69$18,722,750$9,705,929$7,946,047$15,625,216
70$20,589,808$10,138,857$8,169,577$16,918,080
71$22,645,963$10,591,655$8,399,252$18,330,462
72$24,910,459$11,065,254$8,635,234$19,874,022
73$27,404,503$11,560,629$8,877,692$21,561,584
74$30,151,465$12,078,803$9,126,798$23,407,257
75$33,177,096$12,620,846$9,382,727$25,426,561
76$36,509,772$13,187,879$9,645,661$27,636,575
77$40,180,763$13,781,079$9,915,784$30,056,087
78$44,224,524$14,401,676$10,193,286$32,705,777
79$48,679,027$15,050,959$10,478,363$35,608,398
80$53,586,113$15,730,281$10,771,213$38,788,994
81$58,991,889$16,441,057$11,072,041$42,275,131
82$64,947,164$17,184,771$11,381,057$46,097,147
83$71,507,927$17,962,978$11,698,474$50,288,440
84$78,735,876$18,777,305$12,024,515$54,885,774
85$86,699,002$19,629,459$12,359,402$59,929,623
86$95,472,227$20,521,230$12,703,369$65,464,547
87$105,138,114$21,454,489$13,056,652$71,539,604
88$115,787,644$22,431,202$13,419,492$78,208,813
89$127,521,078$23,453,425$13,792,139$85,531,649
90$140,448,900$24,523,314$14,174,847$93,573,605
91$154,692,860$25,643,129$14,567,877$102,406,802
92$170,387,127$26,815,238$14,971,496$112,110,656
93$187,679,550$28,042,121$15,385,978$122,772,630
94$206,733,058$29,326,379$15,811,602$134,489,044
95$227,727,195$30,670,736$16,248,656$147,365,977
96$250,859,816$32,078,049$16,697,433$161,520,263
97$276,348,954$33,551,311$17,158,234$177,080,580
98$304,434,880$35,093,657$17,631,367$194,188,659
99$335,382,368$36,708,376$18,117,147$213,000,609
100$369,483,196$38,398,913$18,615,898$233,688,380