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

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$454,185$450,139$446,192$442,340$438,578$421,177
2 years$224,844$220,656$216,598$212,663$208,847$191,531
3 years$148,407$144,201$140,153$136,255$132,501$115,816
4 years$110,196$106,003$101,996$98,164$94,501$78,574
5 years$87,275$83,108$79,153$75,400$71,838$56,709
6 years$72,000$67,864$63,967$60,298$56,843$42,522
7 years$61,093$56,992$53,157$49,574$46,229$32,710
8 years$52,917$48,853$45,081$41,586$38,351$25,622
9 years$46,561$42,535$38,829$35,422$32,297$20,337
10 years$41,479$37,493$33,852$30,534$27,519$16,305
11 years$37,324$33,377$29,802$26,574$23,667$13,174
12 years$33,864$29,958$26,449$23,309$20,509$10,708
13 years$30,938$27,073$23,630$20,578$17,885$8,745
14 years$28,433$24,609$21,232$18,267$15,677$7,170
15 years$26,263$22,480$19,170$16,291$13,804$5,896
16 years$24,367$20,625$17,380$14,587$12,200$4,861
17 years$22,696$18,995$15,815$13,106$10,817$4,015
18 years$21,211$17,552$14,437$11,811$9,618$3,322
19 years$19,885$16,267$13,217$10,673$8,573$2,753
20 years$18,693$15,116$12,130$9,666$7,657$2,284
21 years$17,615$14,080$11,157$8,773$6,853$1,896
22 years$16,637$13,144$10,283$7,976$6,142$1,575
23 years$15,746$12,293$9,494$7,264$5,514$1,310
24 years$14,930$11,518$8,781$6,625$4,956$1,090
25 years$14,180$10,809$8,133$6,051$4,459$907
26 years$13,489$10,158$7,543$5,532$4,017$755
27 years$12,850$9,560$7,004$5,064$3,622$629
28 years$12,258$9,009$6,511$4,640$3,268$524
29 years$11,708$8,499$6,059$4,255$2,951$436
30 years$11,196$8,026$5,644$3,905$2,666$364
31 years$10,717$7,587$5,262$3,586$2,411$303
32 years$10,269$7,179$4,909$3,296$2,180$253
33 years$9,850$6,799$4,584$3,031$1,973$211
34 years$9,456$6,444$4,283$2,789$1,787$176
35 years$9,085$6,112$4,004$2,567$1,618$146
36 years$8,735$5,801$3,746$2,364$1,466$122
37 years$8,405$5,510$3,506$2,178$1,329$102
38 years$8,094$5,236$3,283$2,008$1,205$85
39 years$7,799$4,979$3,076$1,851$1,092$71
40 years$7,519$4,737$2,883$1,708$991$59
41 years$7,254$4,509$2,703$1,575$899$49
42 years$7,002$4,294$2,536$1,454$816$41
43 years$6,763$4,092$2,380$1,342$740$34
44 years$6,535$3,900$2,234$1,239$672$29
45 years$6,318$3,719$2,097$1,144$610$24
46 years$6,110$3,548$1,970$1,057$554$20
47 years$5,913$3,386$1,851$977$503$17
48 years$5,724$3,232$1,739$902$457$14
49 years$5,543$3,087$1,635$834$415$12
50 years$5,370$2,949$1,537$771$377$10

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 $4,140 every year, while hoping to spend $34,839 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: 30/50/20 Blend
56$5,500,000$5,500,000$5,500,000$5,500,000
57$6,065,270$5,773,770$5,688,520$6,209,074
58$6,646,860$6,019,617$5,842,017$6,564,577
59$7,286,603$6,276,342$5,999,489$6,943,350
60$7,990,396$6,544,442$6,161,031$7,350,107
61$8,764,734$6,824,437$6,326,743$7,787,290
62$9,616,772$7,116,870$6,496,724$8,257,569
63$10,554,397$7,422,310$6,671,078$8,763,872
64$11,586,295$7,741,354$6,849,910$9,309,405
65$12,722,041$8,074,624$7,033,325$9,897,682
66$13,972,182$8,422,773$7,221,435$10,532,554
67$15,348,341$8,786,486$7,414,349$11,218,248
68$16,863,325$9,166,476$7,612,183$11,959,394
69$18,531,245$9,563,494$7,815,052$12,761,076
70$20,367,650$9,978,324$8,023,074$13,628,869
71$22,389,674$10,411,786$8,236,371$14,568,894
72$24,616,198$10,864,740$8,455,066$15,587,870
73$27,068,024$11,338,086$8,679,285$16,693,171
74$29,768,077$11,832,767$8,909,156$17,892,898
75$32,741,618$12,349,770$9,144,810$19,195,946
76$36,016,482$12,890,127$9,386,379$20,612,089
77$39,623,341$13,454,921$9,634,001$22,152,060
78$43,595,995$14,045,285$9,887,813$23,827,659
79$47,971,688$14,662,406$10,147,957$25,651,849
80$52,791,463$15,307,526$10,414,576$27,638,880
81$58,100,544$15,981,947$10,687,816$29,804,418
82$63,948,769$16,687,032$10,967,827$32,165,683
83$70,391,054$17,424,208$11,254,761$34,741,613
84$77,487,918$18,194,970$11,548,771$37,553,029
85$85,306,046$19,000,884$11,850,016$40,622,833
86$93,918,926$19,843,591$12,158,654$43,976,213
87$103,407,537$20,724,807$12,474,849$47,640,875
88$113,861,116$21,646,333$12,798,767$51,647,300
89$125,377,999$22,610,052$13,130,575$56,029,020
90$138,066,550$23,617,940$13,470,445$60,822,932
91$152,046,184$24,672,065$13,818,550$66,069,635
92$167,448,490$25,774,592$14,175,068$71,813,807
93$184,418,480$26,927,791$14,540,177$78,104,613
94$203,115,952$28,134,040$14,914,059$84,996,170
95$223,717,000$29,395,829$15,296,901$92,548,039
96$246,415,677$30,715,766$15,688,889$100,825,780
97$271,425,823$32,096,587$16,090,215$109,901,563
98$298,983,091$33,541,153$16,501,071$119,854,837
99$329,347,163$35,052,466$16,921,654$130,773,067
100$362,804,206$36,633,669$17,352,161$142,752,549