Can I retire at age 57 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$470,701$466,508$462,417$458,425$454,526$440,329
2 years$233,020$228,680$224,474$220,396$216,441$202,264
3 years$153,804$149,445$145,250$141,210$137,319$123,607
4 years$114,203$109,858$105,705$101,734$97,937$84,795
5 years$90,449$86,130$82,031$78,141$74,450$61,914
6 years$74,618$70,332$66,293$62,490$58,910$46,989
7 years$63,315$59,064$55,090$51,377$47,910$36,604
8 years$54,841$50,629$46,721$43,099$39,746$29,048
9 years$48,254$44,082$40,241$36,711$33,472$23,370
10 years$42,987$38,856$35,083$31,645$28,519$18,999
11 years$38,681$34,591$30,886$27,540$24,528$15,571
12 years$35,095$31,047$27,411$24,157$21,255$12,843
13 years$32,063$28,058$24,490$21,327$18,535$10,648
14 years$29,467$25,504$22,004$18,931$16,248$8,865
15 years$27,218$23,298$19,867$16,884$14,306$7,405
16 years$25,253$21,375$18,012$15,117$12,643$6,203
17 years$23,521$19,686$16,390$13,583$11,210$5,208
18 years$21,983$18,191$14,962$12,241$9,968$4,380
19 years$20,608$16,859$13,697$11,061$8,885$3,691
20 years$19,372$15,666$12,571$10,018$7,936$3,113
21 years$18,256$14,592$11,563$9,092$7,102$2,629
22 years$17,242$13,621$10,657$8,266$6,366$2,223
23 years$16,318$12,740$9,840$7,528$5,714$1,880
24 years$15,472$11,936$9,100$6,866$5,136$1,592
25 years$14,695$11,202$8,428$6,271$4,622$1,348
26 years$13,979$10,528$7,817$5,734$4,163$1,143
27 years$13,318$9,908$7,259$5,248$3,753$969
28 years$12,704$9,336$6,748$4,808$3,387$821
29 years$12,134$8,808$6,279$4,409$3,058$697
30 years$11,603$8,318$5,849$4,047$2,763$591
31 years$11,107$7,863$5,453$3,717$2,498$502
32 years$10,643$7,440$5,088$3,416$2,260$426
33 years$10,208$7,046$4,750$3,141$2,045$362
34 years$9,799$6,678$4,438$2,890$1,852$307
35 years$9,415$6,334$4,150$2,660$1,677$261
36 years$9,053$6,012$3,882$2,450$1,520$221
37 years$8,711$5,710$3,633$2,257$1,377$188
38 years$8,388$5,426$3,403$2,081$1,249$160
39 years$8,082$5,160$3,188$1,919$1,132$136
40 years$7,793$4,909$2,988$1,770$1,027$115
41 years$7,518$4,673$2,802$1,633$932$98
42 years$7,257$4,451$2,628$1,507$845$83
43 years$7,009$4,241$2,466$1,391$767$71
44 years$6,772$4,042$2,315$1,284$696$60
45 years$6,547$3,855$2,174$1,186$632$51
46 years$6,333$3,677$2,042$1,096$574$43
47 years$6,128$3,509$1,918$1,012$521$37
48 years$5,932$3,350$1,802$935$473$31
49 years$5,744$3,199$1,694$864$430$27
50 years$5,565$3,056$1,593$799$391$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,700,000, adding $2,955 every year, while hoping to spend $47,466 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$5,700,000$5,700,000$5,700,000$5,700,000
57$6,284,448$5,982,348$5,893,998$6,610,537
58$6,874,958$6,224,980$6,040,944$7,074,010
59$7,524,110$6,477,909$6,191,221$7,572,476
60$8,237,834$6,741,592$6,344,891$8,113,573
61$9,022,665$7,016,502$6,502,017$8,701,330
62$9,885,803$7,303,136$6,662,661$9,340,174
63$10,835,180$7,602,015$6,826,885$10,034,971
64$11,879,535$7,913,681$6,994,753$10,791,067
65$13,028,499$8,238,703$7,166,329$11,614,342
66$14,292,681$8,577,674$7,341,675$12,511,255
67$15,683,770$8,931,216$7,520,857$13,488,913
68$17,214,647$9,299,978$7,703,938$14,555,127
69$18,899,504$9,684,640$7,890,984$15,718,491
70$20,753,979$10,085,913$8,082,057$16,988,453
71$22,795,303$10,504,540$8,277,224$18,375,408
72$25,042,460$10,941,299$8,476,547$19,890,792
73$27,516,372$11,397,004$8,680,093$21,547,185
74$30,240,089$11,872,505$8,887,923$23,358,429
75$33,239,013$12,368,692$9,100,103$25,339,754
76$36,541,132$12,886,497$9,316,696$27,507,922
77$40,177,286$13,426,895$9,537,765$29,881,379
78$44,181,461$13,990,904$9,763,371$32,480,425
79$48,591,103$14,579,591$9,993,577$35,327,407
80$53,447,478$15,194,073$10,228,444$38,446,919
81$58,796,055$15,835,517$10,468,031$41,866,037
82$64,686,940$16,505,146$10,712,398$45,614,568
83$71,175,347$17,204,237$10,961,603$49,725,326
84$78,322,117$17,934,129$11,215,701$54,234,438
85$86,194,295$18,696,223$11,474,749$59,181,684
86$94,865,759$19,491,984$11,738,799$64,610,861
87$104,417,922$20,322,947$12,007,904$70,570,198
88$114,940,495$21,190,716$12,282,113$77,112,801
89$126,532,336$22,096,971$12,561,475$84,297,154
90$139,302,384$23,043,473$12,846,034$92,187,661
91$153,370,685$24,032,061$13,135,835$100,855,248
92$168,869,526$25,064,663$13,430,916$110,378,031
93$185,944,683$26,143,296$13,731,316$120,842,042
94$204,756,794$27,270,072$14,037,070$132,342,038
95$225,482,883$28,447,201$14,348,207$144,982,386
96$248,318,020$29,676,997$14,664,755$158,878,040
97$273,477,172$30,961,884$14,986,739$174,155,623
98$301,197,225$32,304,398$15,314,176$190,954,609
99$331,739,223$33,707,195$15,647,082$209,428,635
100$365,390,831$35,173,054$15,985,466$229,746,941