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%18.6%
1 years$454,185$450,139$446,192$442,340$438,578$423,354
2 years$224,844$220,656$216,598$212,663$208,847$193,666
3 years$148,407$144,201$140,153$136,255$132,501$117,841
4 years$110,196$106,003$101,996$98,164$94,501$80,473
5 years$87,275$83,108$79,153$75,400$71,838$58,480
6 years$72,000$67,864$63,967$60,298$56,843$44,164
7 years$61,093$56,992$53,157$49,574$46,229$34,227
8 years$52,917$48,853$45,081$41,586$38,351$27,018
9 years$46,561$42,535$38,829$35,422$32,297$21,617
10 years$41,479$37,493$33,852$30,534$27,519$17,475
11 years$37,324$33,377$29,802$26,574$23,667$14,239
12 years$33,864$29,958$26,449$23,309$20,509$11,675
13 years$30,938$27,073$23,630$20,578$17,885$9,620
14 years$28,433$24,609$21,232$18,267$15,677$7,959
15 years$26,263$22,480$19,170$16,291$13,804$6,606
16 years$24,367$20,625$17,380$14,587$12,200$5,498
17 years$22,696$18,995$15,815$13,106$10,817$4,585
18 years$21,211$17,552$14,437$11,811$9,618$3,831
19 years$19,885$16,267$13,217$10,673$8,573$3,206
20 years$18,693$15,116$12,130$9,666$7,657$2,686
21 years$17,615$14,080$11,157$8,773$6,853$2,253
22 years$16,637$13,144$10,283$7,976$6,142$1,891
23 years$15,746$12,293$9,494$7,264$5,514$1,588
24 years$14,930$11,518$8,781$6,625$4,956$1,335
25 years$14,180$10,809$8,133$6,051$4,459$1,123
26 years$13,489$10,158$7,543$5,532$4,017$944
27 years$12,850$9,560$7,004$5,064$3,622$795
28 years$12,258$9,009$6,511$4,640$3,268$669
29 years$11,708$8,499$6,059$4,255$2,951$563
30 years$11,196$8,026$5,644$3,905$2,666$475
31 years$10,717$7,587$5,262$3,586$2,411$400
32 years$10,269$7,179$4,909$3,296$2,180$337
33 years$9,850$6,799$4,584$3,031$1,973$284
34 years$9,456$6,444$4,283$2,789$1,787$239
35 years$9,085$6,112$4,004$2,567$1,618$202
36 years$8,735$5,801$3,746$2,364$1,466$170
37 years$8,405$5,510$3,506$2,178$1,329$143
38 years$8,094$5,236$3,283$2,008$1,205$121
39 years$7,799$4,979$3,076$1,851$1,092$102
40 years$7,519$4,737$2,883$1,708$991$86
41 years$7,254$4,509$2,703$1,575$899$72
42 years$7,002$4,294$2,536$1,454$816$61
43 years$6,763$4,092$2,380$1,342$740$51
44 years$6,535$3,900$2,234$1,239$672$43
45 years$6,318$3,719$2,097$1,144$610$37
46 years$6,110$3,548$1,970$1,057$554$31
47 years$5,913$3,386$1,851$977$503$26
48 years$5,724$3,232$1,739$902$457$22
49 years$5,543$3,087$1,635$834$415$18
50 years$5,370$2,949$1,537$771$377$16

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 $2,743 every year, while hoping to spend $26,779 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: 57/19/24 Blend
56$5,500,000$5,500,000$5,500,000$5,500,000
57$6,063,829$5,772,329$5,687,079$6,369,826
58$6,653,847$6,026,681$5,849,104$6,833,688
59$7,303,150$6,292,598$6,015,659$7,335,921
60$8,017,755$6,570,619$6,186,867$7,882,742
61$8,804,295$6,861,309$6,362,856$8,478,461
62$9,670,077$7,165,257$6,543,756$9,127,818
63$10,623,153$7,483,083$6,729,700$9,836,027
64$11,672,395$7,815,434$6,920,825$10,608,824
65$12,827,578$8,162,989$7,117,271$11,452,520
66$14,099,474$8,526,459$7,319,184$12,374,059
67$15,499,954$8,906,589$7,526,710$13,381,082
68$17,042,096$9,304,159$7,740,002$14,481,997
69$18,740,313$9,719,985$7,959,215$15,686,060
70$20,610,486$10,154,925$8,184,509$17,003,455
71$22,670,114$10,609,875$8,416,049$18,445,395
72$24,938,481$11,085,774$8,654,001$20,024,222
73$27,436,836$11,583,607$8,898,540$21,753,522
74$30,188,593$12,104,404$9,149,842$23,648,252
75$33,219,556$12,649,247$9,408,088$25,724,880
76$36,558,157$13,219,265$9,673,465$28,001,538
77$40,235,726$13,815,647$9,946,163$30,498,189
78$44,286,789$14,439,633$10,226,379$33,236,818
79$48,749,392$15,092,525$10,514,313$36,241,630
80$53,665,459$15,775,688$10,810,171$39,539,284
81$59,081,189$16,490,550$11,114,165$43,159,137
82$65,047,492$17,238,608$11,426,512$47,133,519
83$71,620,469$18,021,433$11,747,432$51,498,037
84$78,861,940$18,840,666$12,077,155$56,291,907
85$86,840,032$19,698,032$12,415,913$61,558,325
86$95,629,815$20,595,336$12,763,945$67,344,863
87$105,314,017$21,534,468$13,121,498$73,703,925
88$115,983,801$22,517,412$13,488,823$80,693,232
89$127,739,628$23,546,244$13,866,178$88,376,364
90$140,692,201$24,623,141$14,253,826$96,823,359
91$154,963,516$25,750,385$14,652,040$106,111,370
92$170,688,007$26,930,367$15,061,096$116,325,384
93$188,013,820$28,165,591$15,481,279$127,559,030
94$207,104,208$29,458,684$15,912,880$139,915,448
95$228,139,075$30,812,397$16,356,199$153,508,265
96$251,316,671$32,229,614$16,811,542$168,462,663
97$276,855,465$33,713,359$17,279,222$184,916,549
98$304,996,208$35,266,798$17,759,561$203,021,862
99$336,004,203$36,893,253$18,252,888$222,945,992
100$370,171,812$38,596,204$18,759,541$244,873,361