Can I retire at age 57 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$487,216$482,877$478,642$474,510$470,474$465,174
2 years$241,196$236,704$232,351$228,130$224,035$218,700
3 years$159,200$154,689$150,346$146,165$142,137$136,932
4 years$118,210$113,713$109,414$105,304$101,373$96,338
5 years$93,623$89,152$84,909$80,883$77,063$72,212
6 years$77,236$72,799$68,619$64,683$60,977$56,317
7 years$65,536$61,137$57,023$53,179$49,591$45,124
8 years$56,765$52,406$48,360$44,611$41,140$36,866
9 years$49,947$45,628$41,653$37,999$34,646$30,562
10 years$44,496$40,219$36,314$32,755$29,520$25,624
11 years$40,038$35,805$31,970$28,507$25,388$21,677
12 years$36,327$32,136$28,373$25,004$22,001$18,471
13 years$33,188$29,042$25,349$22,075$19,185$15,831
14 years$30,501$26,398$22,776$19,596$16,818$13,636
15 years$28,174$24,115$20,564$17,476$14,808$11,792
16 years$26,139$22,125$18,644$15,648$13,087$10,233
17 years$24,346$20,377$16,965$14,059$11,604$8,906
18 years$22,754$18,829$15,487$12,670$10,318$7,771
19 years$21,331$17,450$14,178$11,449$9,196$6,794
20 years$20,052$16,216$13,012$10,369$8,214$5,951
21 years$18,897$15,104$11,968$9,411$7,351$5,222
22 years$17,847$14,099$11,031$8,556$6,589$4,587
23 years$16,891$13,187$10,185$7,792$5,915$4,035
24 years$16,015$12,355$9,419$7,107$5,316$3,553
25 years$15,211$11,595$8,724$6,491$4,784$3,132
26 years$14,470$10,897$8,091$5,935$4,309$2,762
27 years$13,785$10,256$7,513$5,432$3,885$2,438
28 years$13,150$9,664$6,985$4,977$3,506$2,153
29 years$12,560$9,117$6,500$4,564$3,165$1,903
30 years$12,010$8,610$6,054$4,189$2,860$1,682
31 years$11,497$8,139$5,644$3,847$2,586$1,488
32 years$11,016$7,701$5,266$3,535$2,339$1,317
33 years$10,566$7,293$4,917$3,251$2,117$1,165
34 years$10,143$6,912$4,594$2,991$1,917$1,032
35 years$9,745$6,556$4,295$2,754$1,736$914
36 years$9,371$6,223$4,018$2,536$1,573$809
37 years$9,017$5,910$3,761$2,337$1,426$717
38 years$8,682$5,617$3,522$2,154$1,292$635
39 years$8,366$5,341$3,300$1,986$1,172$563
40 years$8,066$5,082$3,093$1,832$1,063$499
41 years$7,782$4,837$2,900$1,690$964$442
42 years$7,512$4,607$2,720$1,560$875$392
43 years$7,255$4,389$2,553$1,440$794$348
44 years$7,010$4,184$2,396$1,329$721$308
45 years$6,777$3,990$2,250$1,228$654$273
46 years$6,555$3,806$2,113$1,134$594$242
47 years$6,343$3,632$1,985$1,048$540$215
48 years$6,140$3,467$1,866$968$490$191
49 years$5,946$3,311$1,754$895$445$169
50 years$5,760$3,163$1,649$827$404$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,900,000, adding $6,296 every year, while hoping to spend $52,609 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: 66/24/10 Blend
56$5,900,000$5,900,000$5,900,000$5,900,000
57$6,508,294$6,195,594$6,104,144$6,923,743
58$7,116,165$6,443,203$6,252,658$7,448,696
59$7,784,275$6,701,181$6,404,383$8,015,400
60$8,518,713$6,969,981$6,559,372$8,633,413
61$9,326,188$7,250,077$6,717,677$9,307,739
62$10,214,091$7,541,962$6,879,351$10,043,881
63$11,190,563$7,846,153$7,044,444$10,847,899
64$12,264,577$8,163,191$7,213,009$11,726,459
65$13,446,016$8,493,639$7,385,097$12,686,897
66$14,745,771$8,838,089$7,560,759$13,737,289
67$16,175,841$9,197,157$7,740,047$14,886,523
68$17,749,448$9,571,488$7,923,009$16,144,381
69$19,481,158$9,961,758$8,109,696$17,521,635
70$21,387,022$10,368,670$8,300,157$19,030,141
71$23,484,727$10,792,963$8,494,441$20,682,953
72$25,793,758$11,235,408$8,692,594$22,494,445
73$28,335,589$11,696,810$8,894,663$24,480,440
74$31,133,878$12,178,013$9,100,694$26,658,364
75$34,214,697$12,679,899$9,310,730$29,047,406
76$37,606,773$13,203,391$9,524,816$31,668,697
77$41,341,758$13,749,451$9,742,992$34,545,505
78$45,454,534$14,319,091$9,965,298$37,703,459
79$49,983,534$14,913,364$10,191,774$41,170,782
80$54,971,110$15,533,374$10,422,454$44,978,559
81$60,463,930$16,180,277$10,657,373$49,161,028
82$66,513,420$16,855,279$10,896,564$53,755,898
83$73,176,246$17,559,645$11,140,056$58,804,707
84$80,514,851$18,294,696$11,387,876$64,353,206
85$88,598,046$19,061,816$11,640,050$70,451,792
86$97,501,652$19,862,450$11,896,597$77,155,981
87$107,309,224$20,698,114$12,157,537$84,526,926
88$118,112,835$21,570,392$12,422,884$92,631,993
89$130,013,943$22,480,940$12,692,649$101,545,395
90$143,124,352$23,431,493$12,966,840$111,348,887
91$157,567,266$24,423,866$13,245,460$122,132,535
92$173,478,451$25,459,959$13,528,506$133,995,562
93$191,007,515$26,541,759$13,815,973$147,047,282
94$210,319,323$27,671,347$14,107,850$161,408,127
95$231,595,550$28,850,899$14,404,119$177,210,780
96$255,036,398$30,082,695$14,704,758$194,601,423
97$280,862,482$31,369,118$15,009,739$213,741,112
98$309,316,916$32,712,666$15,319,027$234,807,295
99$340,667,607$34,115,952$15,632,579$257,995,479
100$375,209,779$35,581,710$15,950,347$283,521,070