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

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$478,959$474,692$470,530$466,467$462,500$453,162
2 years$237,108$232,692$228,413$224,263$220,238$210,871
3 years$156,502$152,067$147,798$143,688$139,728$130,624
4 years$116,207$111,785$107,559$103,519$99,655$90,885
5 years$92,036$87,641$83,470$79,512$75,756$67,344
6 years$75,927$71,566$67,456$63,587$59,943$51,899
7 years$64,426$60,101$56,057$52,278$48,750$41,074
8 years$55,803$51,517$47,540$43,855$40,443$33,134
9 years$49,101$44,855$40,947$37,355$34,059$27,112
10 years$43,742$39,538$35,698$32,200$29,020$22,428
11 years$39,360$35,198$31,428$28,024$24,958$18,714
12 years$35,711$31,592$27,892$24,580$21,628$15,722
13 years$32,626$28,550$24,919$21,701$18,860$13,282
14 years$29,984$25,951$22,390$19,264$16,533$11,272
15 years$27,696$23,707$20,215$17,180$14,557$9,603
16 years$25,696$21,750$18,328$15,383$12,865$8,206
17 years$23,933$20,031$16,678$13,821$11,407$7,031
18 years$22,368$18,510$15,225$12,456$10,143$6,038
19 years$20,970$17,155$13,938$11,255$9,040$5,195
20 years$19,712$15,941$12,791$10,193$8,075$4,476
21 years$18,576$14,848$11,765$9,251$7,226$3,863
22 years$17,545$13,860$10,844$8,411$6,477$3,337
23 years$16,605$12,963$10,012$7,660$5,814$2,886
24 years$15,744$12,146$9,260$6,987$5,226$2,498
25 years$14,953$11,398$8,576$6,381$4,703$2,163
26 years$14,225$10,713$7,954$5,834$4,236$1,875
27 years$13,551$10,082$7,386$5,340$3,819$1,626
28 years$12,927$9,500$6,866$4,893$3,446$1,411
29 years$12,347$8,962$6,390$4,487$3,112$1,225
30 years$11,806$8,464$5,952$4,118$2,812$1,063
31 years$11,302$8,001$5,549$3,782$2,542$923
32 years$10,830$7,571$5,177$3,476$2,299$802
33 years$10,387$7,170$4,834$3,196$2,081$697
34 years$9,971$6,795$4,516$2,941$1,884$606
35 years$9,580$6,445$4,222$2,707$1,706$527
36 years$9,212$6,117$3,950$2,493$1,546$458
37 years$8,864$5,810$3,697$2,297$1,401$398
38 years$8,535$5,522$3,462$2,117$1,270$346
39 years$8,224$5,250$3,244$1,952$1,152$301
40 years$7,930$4,995$3,040$1,801$1,045$262
41 years$7,650$4,755$2,851$1,661$948$228
42 years$7,384$4,529$2,674$1,533$860$198
43 years$7,132$4,315$2,509$1,415$781$172
44 years$6,891$4,113$2,355$1,307$709$150
45 years$6,662$3,922$2,212$1,207$643$131
46 years$6,444$3,742$2,077$1,115$584$114
47 years$6,235$3,571$1,952$1,030$530$99
48 years$6,036$3,409$1,834$952$482$86
49 years$5,845$3,255$1,724$880$437$75
50 years$5,663$3,109$1,621$813$397$65

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 $6,576 every year, while hoping to spend $51,142 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: 33/48/19 Blend
56$5,800,000$5,800,000$5,800,000$5,800,000
57$6,398,383$6,090,983$6,001,083$6,571,740
58$6,996,604$6,335,027$6,147,705$6,944,849
59$7,654,128$6,589,314$6,297,524$7,341,532
60$8,376,953$6,854,294$6,450,594$7,767,987
61$9,171,681$7,130,434$6,606,969$8,226,862
62$10,045,591$7,418,223$6,766,700$8,721,061
63$11,006,699$7,718,174$6,929,843$9,253,767
64$12,063,839$8,030,821$7,096,449$9,828,473
65$13,226,742$8,356,722$7,266,571$10,449,010
66$14,506,131$8,696,464$7,440,263$11,119,582
67$15,913,822$9,050,655$7,617,577$11,844,803
68$17,462,831$9,419,937$7,798,565$12,629,740
69$19,167,501$9,804,976$7,983,279$13,479,955
70$21,043,637$10,206,470$8,171,770$14,401,558
71$23,108,653$10,625,151$8,364,088$15,401,258
72$25,381,734$11,061,783$8,560,284$16,486,428
73$27,884,024$11,517,163$8,760,406$17,665,169
74$30,638,817$11,992,127$8,964,503$18,946,382
75$33,671,785$12,487,549$9,172,622$20,339,852
76$37,011,211$13,004,343$9,384,809$21,856,335
77$40,688,263$13,543,465$9,601,109$23,507,654
78$44,737,284$14,105,913$9,821,564$25,306,811
79$49,196,118$14,692,734$10,046,218$27,268,104
80$54,106,466$15,305,022$10,275,110$29,407,255
81$59,514,278$15,943,920$10,508,279$31,741,560
82$65,470,189$16,610,627$10,745,761$34,290,042
83$72,029,995$17,306,394$10,987,590$37,073,630
84$79,255,179$18,032,532$11,233,799$40,115,348
85$87,213,493$18,790,412$11,484,417$43,440,533
86$95,979,595$19,581,467$11,739,470$47,077,061
87$105,635,754$20,407,200$11,998,983$51,055,612
88$116,272,628$21,269,180$12,262,976$55,409,948
89$127,990,117$22,169,051$12,531,467$60,177,232
90$140,898,307$23,108,533$12,804,469$65,398,365
91$155,118,509$24,089,425$13,081,993$71,118,372
92$170,784,401$25,113,610$13,364,044$77,386,816
93$188,043,293$26,183,061$13,650,623$84,258,262
94$207,057,518$27,299,840$13,941,727$91,792,780
95$228,005,958$28,466,105$14,237,349$100,056,510
96$251,085,739$29,684,118$14,537,474$109,122,275
97$276,514,088$30,956,243$14,842,083$119,070,257
98$304,530,384$32,284,958$15,151,151$129,988,752
99$335,398,414$33,672,852$15,464,646$141,974,989
100$369,408,871$35,122,640$15,782,530$155,136,039