Can I retire at age 57 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$462,443$458,324$454,305$450,382$446,552$441,155
2 years$228,932$224,668$220,536$216,530$212,644$207,212
3 years$151,105$146,823$142,702$138,733$134,910$129,613
4 years$112,200$107,931$103,850$99,949$96,219$91,097
5 years$88,862$84,619$80,592$76,771$73,144$68,212
6 years$73,309$69,098$65,130$61,394$57,876$53,140
7 years$62,204$58,028$54,124$50,475$47,069$42,531
8 years$53,879$49,741$45,901$42,343$39,048$34,707
9 years$47,408$43,308$39,535$36,066$32,884$28,739
10 years$42,233$38,174$34,467$31,090$28,019$24,067
11 years$38,003$33,984$30,344$27,057$24,097$20,334
12 years$34,480$30,502$26,930$23,733$20,882$17,304
13 years$31,501$27,565$24,060$20,953$18,210$14,812
14 years$28,950$25,056$21,618$18,599$15,963$12,741
15 years$26,741$22,889$19,518$16,587$14,055$11,004
16 years$24,810$21,000$17,696$14,852$12,422$9,536
17 years$23,108$19,341$16,103$13,345$11,014$8,288
18 years$21,597$17,872$14,700$12,026$9,793$7,220
19 years$20,247$16,563$13,457$10,867$8,729$6,304
20 years$19,033$15,391$12,350$9,842$7,797$5,514
21 years$17,936$14,336$11,360$8,932$6,977$4,830
22 years$16,940$13,383$10,470$8,121$6,254$4,237
23 years$16,032$12,516$9,667$7,396$5,614$3,722
24 years$15,201$11,727$8,940$6,746$5,046$3,272
25 years$14,438$11,005$8,280$6,161$4,541$2,879
26 years$13,734$10,343$7,680$5,633$4,090$2,536
27 years$13,084$9,734$7,131$5,156$3,687$2,234
28 years$12,481$9,172$6,629$4,724$3,327$1,970
29 years$11,921$8,653$6,169$4,332$3,004$1,738
30 years$11,399$8,172$5,746$3,976$2,715$1,534
31 years$10,912$7,725$5,357$3,651$2,454$1,355
32 years$10,456$7,310$4,998$3,356$2,220$1,197
33 years$10,029$6,922$4,667$3,086$2,009$1,057
34 years$9,627$6,561$4,361$2,839$1,819$935
35 years$9,250$6,223$4,077$2,614$1,648$826
36 years$8,894$5,906$3,814$2,407$1,493$731
37 years$8,558$5,610$3,570$2,218$1,353$646
38 years$8,241$5,331$3,343$2,044$1,227$572
39 years$7,941$5,069$3,132$1,885$1,112$506
40 years$7,656$4,823$2,936$1,739$1,009$448
41 years$7,386$4,591$2,753$1,604$915$396
42 years$7,130$4,372$2,582$1,480$831$351
43 years$6,886$4,166$2,423$1,367$754$310
44 years$6,654$3,971$2,274$1,262$684$275
45 years$6,432$3,787$2,135$1,165$621$243
46 years$6,221$3,613$2,006$1,076$564$215
47 years$6,020$3,447$1,884$994$512$191
48 years$5,828$3,291$1,771$919$465$169
49 years$5,644$3,143$1,664$849$422$149
50 years$5,468$3,002$1,565$785$384$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,600,000, adding $6,359 every year, while hoping to spend $57,744 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: 57/21/22 Blend
56$5,600,000$5,600,000$5,600,000$5,600,000
57$6,177,759$5,880,959$5,794,159$6,492,935
58$6,746,452$6,107,687$5,926,824$6,935,418
59$7,371,215$6,343,589$6,061,999$7,410,705
60$8,057,708$6,589,054$6,199,705$7,927,454
61$8,812,165$6,844,488$6,339,965$8,489,674
62$9,641,451$7,110,314$6,482,800$9,101,779
63$10,553,134$7,386,974$6,628,228$9,768,621
64$11,555,549$7,674,931$6,776,269$10,495,543
65$12,657,879$7,974,667$6,926,938$11,288,424
66$13,870,242$8,286,685$7,080,250$12,153,733
67$15,203,786$8,611,511$7,236,217$13,098,591
68$16,670,792$8,949,696$7,394,851$14,130,838
69$18,284,795$9,301,812$7,556,160$15,259,102
70$20,060,703$9,668,460$7,720,151$16,492,883
71$22,014,946$10,050,266$7,886,827$17,842,639
72$24,165,626$10,447,884$8,056,191$19,319,886
73$26,532,687$10,861,998$8,228,240$20,937,302
74$29,138,106$11,293,322$8,402,972$22,708,849
75$32,006,100$11,742,601$8,580,379$24,649,900
76$35,163,350$12,210,617$8,760,449$26,777,386
77$38,639,257$12,698,182$8,943,170$29,109,949
78$42,466,219$13,206,150$9,128,523$31,668,125
79$46,679,931$13,735,410$9,316,487$34,474,527
80$51,319,730$14,286,891$9,507,035$37,554,063
81$56,428,960$14,861,566$9,700,138$40,934,166
82$62,055,382$15,460,451$9,895,760$44,645,053
83$68,251,625$16,084,606$10,093,862$48,720,007
84$75,075,682$16,735,144$10,294,398$53,195,692
85$82,591,458$17,413,222$10,497,317$58,112,492
86$90,869,372$18,120,056$10,702,563$63,514,895
87$99,987,022$18,856,912$10,910,072$69,451,908
88$110,029,914$19,625,117$11,119,776$75,977,519
89$121,092,275$20,426,057$11,331,597$83,151,203
90$133,277,934$21,261,181$11,545,453$91,038,481
91$146,701,309$22,132,005$11,761,252$99,711,535
92$161,488,483$23,040,113$11,978,894$109,249,892
93$177,778,393$23,987,164$12,198,272$119,741,163
94$195,724,144$24,974,890$12,419,269$131,281,875
95$215,494,451$26,005,103$12,641,758$143,978,377
96$237,275,232$27,079,700$12,865,604$157,947,837
97$261,271,363$28,200,663$13,090,660$173,319,352
98$287,708,613$29,370,066$13,316,767$190,235,155
99$316,835,770$30,590,078$13,543,758$208,851,963
100$348,926,995$31,862,969$13,771,451$229,342,444