Can I retire at age 57 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$478,959$474,692$470,530$466,467$462,500$454,091
2 years$237,108$232,692$228,413$224,263$220,238$211,796
3 years$156,502$152,067$147,798$143,688$139,728$131,516
4 years$116,207$111,785$107,559$103,519$99,655$91,737
5 years$92,036$87,641$83,470$79,512$75,756$68,154
6 years$75,927$71,566$67,456$63,587$59,943$52,666
7 years$64,426$60,101$56,057$52,278$48,750$41,799
8 years$55,803$51,517$47,540$43,855$40,443$33,816
9 years$49,101$44,855$40,947$37,355$34,059$27,753
10 years$43,742$39,538$35,698$32,200$29,020$23,029
11 years$39,360$35,198$31,428$28,024$24,958$19,276
12 years$35,711$31,592$27,892$24,580$21,628$16,247
13 years$32,626$28,550$24,919$21,701$18,860$13,771
14 years$29,984$25,951$22,390$19,264$16,533$11,727
15 years$27,696$23,707$20,215$17,180$14,557$10,024
16 years$25,696$21,750$18,328$15,383$12,865$8,597
17 years$23,933$20,031$16,678$13,821$11,407$7,392
18 years$22,368$18,510$15,225$12,456$10,143$6,371
19 years$20,970$17,155$13,938$11,255$9,040$5,502
20 years$19,712$15,941$12,791$10,193$8,075$4,759
21 years$18,576$14,848$11,765$9,251$7,226$4,122
22 years$17,545$13,860$10,844$8,411$6,477$3,575
23 years$16,605$12,963$10,012$7,660$5,814$3,103
24 years$15,744$12,146$9,260$6,987$5,226$2,697
25 years$14,953$11,398$8,576$6,381$4,703$2,345
26 years$14,225$10,713$7,954$5,834$4,236$2,041
27 years$13,551$10,082$7,386$5,340$3,819$1,777
28 years$12,927$9,500$6,866$4,893$3,446$1,548
29 years$12,347$8,962$6,390$4,487$3,112$1,349
30 years$11,806$8,464$5,952$4,118$2,812$1,176
31 years$11,302$8,001$5,549$3,782$2,542$1,026
32 years$10,830$7,571$5,177$3,476$2,299$895
33 years$10,387$7,170$4,834$3,196$2,081$781
34 years$9,971$6,795$4,516$2,941$1,884$682
35 years$9,580$6,445$4,222$2,707$1,706$595
36 years$9,212$6,117$3,950$2,493$1,546$520
37 years$8,864$5,810$3,697$2,297$1,401$454
38 years$8,535$5,522$3,462$2,117$1,270$396
39 years$8,224$5,250$3,244$1,952$1,152$346
40 years$7,930$4,995$3,040$1,801$1,045$302
41 years$7,650$4,755$2,851$1,661$948$264
42 years$7,384$4,529$2,674$1,533$860$231
43 years$7,132$4,315$2,509$1,415$781$202
44 years$6,891$4,113$2,355$1,307$709$176
45 years$6,662$3,922$2,212$1,207$643$154
46 years$6,444$3,742$2,077$1,115$584$135
47 years$6,235$3,571$1,952$1,030$530$118
48 years$6,036$3,409$1,834$952$482$103
49 years$5,845$3,255$1,724$880$437$90
50 years$5,663$3,109$1,621$813$397$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,800,000, adding $5,915 every year, while hoping to spend $29,239 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: 54/38/8 Blend
56$5,800,000$5,800,000$5,800,000$5,800,000
57$6,397,701$6,090,301$6,000,401$6,730,507
58$7,019,157$6,357,616$6,170,305$7,223,770
59$7,703,021$6,637,049$6,344,920$7,756,623
60$8,455,628$6,929,164$6,524,374$8,335,842
61$9,283,958$7,234,549$6,708,797$8,965,825
62$10,195,703$7,553,823$6,898,322$9,651,407
63$11,199,336$7,887,632$7,093,088$10,397,900
64$12,304,196$8,236,653$7,293,233$11,211,142
65$13,520,571$8,601,596$7,498,903$12,097,551
66$14,859,798$8,983,203$7,710,246$13,064,182
67$16,334,371$9,382,253$7,927,412$14,118,791
68$17,958,054$9,799,562$8,150,559$15,269,909
69$19,746,017$10,235,982$8,379,844$16,526,915
70$21,714,974$10,692,408$8,615,432$17,900,126
71$23,883,343$11,169,777$8,857,490$19,400,890
72$26,271,419$11,669,071$9,106,190$21,041,689
73$28,901,565$12,191,317$9,361,710$22,836,256
74$31,798,426$12,737,593$9,624,228$24,799,701
75$34,989,158$13,309,027$9,893,932$26,948,648
76$38,503,683$13,906,801$10,171,010$29,301,393
77$42,374,978$14,532,153$10,455,658$31,878,066
78$46,639,378$15,186,381$10,748,075$34,700,825
79$51,336,925$15,870,844$11,048,465$37,794,058
80$56,511,742$16,586,966$11,357,040$41,184,605
81$62,212,451$17,336,239$11,674,012$44,902,013
82$68,492,633$18,120,226$11,999,604$48,978,810
83$75,411,330$18,940,566$12,334,039$53,450,801
84$83,033,607$19,798,975$12,677,551$58,357,409
85$91,431,162$20,697,251$13,030,375$63,742,035
86$100,683,002$21,637,279$13,392,755$69,652,469
87$110,876,195$22,621,033$13,764,939$76,141,328
88$122,106,685$23,650,581$14,147,182$83,266,555
89$134,480,200$24,728,093$14,539,746$91,091,951
90$148,113,251$25,855,840$14,942,898$99,687,778
91$163,134,229$27,036,202$15,356,911$109,131,410
92$179,684,620$28,271,675$15,782,067$119,508,061
93$197,920,337$29,564,874$16,218,653$130,911,578
94$218,013,196$30,918,537$16,666,962$143,445,322
95$240,152,534$32,335,537$17,127,297$157,223,133
96$264,546,997$33,818,883$17,599,966$172,370,397
97$291,426,511$35,371,728$18,085,285$189,025,223
98$321,044,450$36,997,378$18,583,577$207,339,732
99$353,680,031$38,699,297$19,095,174$227,481,490
100$389,640,946$40,481,114$19,620,414$249,635,073