Can I retire at age 57 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$503,732$499,245$494,868$490,595$486,423$471,040
2 years$249,372$244,728$240,227$235,863$231,630$216,272
3 years$164,597$159,933$155,443$151,120$146,955$132,104
4 years$122,217$117,567$113,123$108,873$104,810$90,578
5 years$96,796$92,174$87,788$83,625$79,675$66,101
6 years$79,855$75,267$70,946$66,876$63,044$50,140
7 years$67,758$63,209$58,956$54,982$51,272$39,036
8 years$58,690$54,182$49,999$46,123$42,535$30,960
9 years$51,640$47,175$43,064$39,287$35,820$24,893
10 years$46,004$41,583$37,545$33,866$30,521$20,224
11 years$41,396$37,019$33,054$29,473$26,249$16,564
12 years$37,558$33,226$29,334$25,852$22,747$13,654
13 years$34,313$30,026$26,208$22,823$19,836$11,312
14 years$31,535$27,293$23,548$20,260$17,388$9,411
15 years$29,129$24,933$21,261$18,068$15,310$7,856
16 years$27,025$22,875$19,276$16,178$13,531$6,576
17 years$25,171$21,067$17,540$14,536$11,997$5,517
18 years$23,525$19,467$16,012$13,100$10,667$4,637
19 years$22,054$18,042$14,658$11,837$9,508$3,904
20 years$20,732$16,766$13,453$10,721$8,493$3,291
21 years$19,537$15,616$12,374$9,730$7,600$2,777
22 years$18,452$14,577$11,405$8,846$6,812$2,346
23 years$17,463$13,634$10,530$8,057$6,115$1,983
24 years$16,558$12,774$9,739$7,348$5,496$1,677
25 years$15,727$11,988$9,020$6,711$4,946$1,420
26 years$14,960$11,267$8,365$6,136$4,455$1,202
27 years$14,252$10,603$7,768$5,616$4,017$1,018
28 years$13,596$9,991$7,221$5,146$3,624$863
29 years$12,985$9,426$6,720$4,719$3,273$731
30 years$12,417$8,902$6,260$4,331$2,957$620
31 years$11,886$8,415$5,836$3,977$2,673$526
32 years$11,390$7,962$5,445$3,655$2,418$446
33 years$10,924$7,540$5,084$3,361$2,189$378
34 years$10,487$7,147$4,750$3,093$1,982$321
35 years$10,076$6,778$4,441$2,847$1,795$272
36 years$9,688$6,434$4,154$2,622$1,626$231
37 years$9,322$6,111$3,888$2,416$1,474$196
38 years$8,977$5,807$3,641$2,227$1,336$166
39 years$8,650$5,522$3,412$2,053$1,212$141
40 years$8,340$5,254$3,198$1,894$1,099$120
41 years$8,046$5,001$2,998$1,747$997$102
42 years$7,766$4,763$2,813$1,613$905$86
43 years$7,501$4,538$2,639$1,489$821$73
44 years$7,248$4,326$2,477$1,374$745$62
45 years$7,007$4,125$2,326$1,269$677$53
46 years$6,777$3,935$2,185$1,172$614$45
47 years$6,558$3,755$2,053$1,083$558$38
48 years$6,348$3,585$1,929$1,001$507$32
49 years$6,148$3,423$1,813$925$460$27
50 years$5,956$3,270$1,704$855$418$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,100,000, adding $6,294 every year, while hoping to spend $44,566 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: 82/9/9 Blend
56$6,100,000$6,100,000$6,100,000$6,100,000
57$6,728,692$6,405,392$6,310,842$7,271,460
58$7,367,601$6,671,839$6,474,838$7,894,122
59$8,070,185$6,949,847$6,642,833$8,571,014
60$8,842,891$7,239,937$6,814,916$9,312,797
61$9,692,825$7,542,653$6,991,174$10,125,949
62$10,627,812$7,858,562$7,171,697$11,017,607
63$11,656,477$8,188,260$7,356,578$11,995,627
64$12,788,322$8,532,369$7,545,907$13,068,664
65$14,033,816$8,891,540$7,739,780$14,246,248
66$15,404,494$9,266,454$7,938,291$15,538,877
67$16,913,067$9,657,825$8,141,539$16,958,113
68$18,573,540$10,066,399$8,349,621$18,516,691
69$20,401,344$10,492,956$8,562,636$20,228,638
70$22,413,484$10,938,313$8,780,687$22,109,408
71$24,628,695$11,403,326$9,003,876$24,176,020
72$27,067,622$11,888,888$9,232,305$26,447,224
73$29,753,013$12,395,938$9,466,082$28,943,677
74$32,709,936$12,925,455$9,705,311$31,688,131
75$35,966,012$13,478,464$9,950,101$34,705,654
76$39,551,677$14,056,041$10,200,562$38,023,860
77$43,500,469$14,659,308$10,456,802$41,673,173
78$47,849,346$15,289,443$10,718,933$45,687,110
79$52,639,031$15,947,677$10,987,069$50,102,598
80$57,914,398$16,635,300$11,261,322$54,960,321
81$63,724,898$17,353,661$11,541,808$60,305,100
82$70,125,021$18,104,174$11,828,642$66,186,320
83$77,174,812$18,888,317$12,121,940$72,658,392
84$84,940,439$19,707,640$12,421,821$79,781,264
85$93,494,814$20,563,765$12,728,402$87,620,987
86$102,918,284$21,458,389$13,041,803$96,250,339
87$113,299,389$22,393,290$13,362,143$105,749,505
88$124,735,695$23,370,329$13,689,544$116,206,838
89$137,334,717$24,391,457$14,024,124$127,719,689
90$151,214,933$25,458,712$14,366,007$140,395,323
91$166,506,901$26,574,234$14,715,313$154,351,931
92$183,354,493$27,740,259$15,072,164$169,719,744
93$201,916,252$28,959,133$15,436,682$186,642,262
94$222,366,887$30,233,308$15,808,989$205,277,602
95$244,898,926$31,565,357$16,189,206$225,799,993
96$269,724,527$32,957,970$16,577,455$248,401,417
97$297,077,485$34,413,967$16,973,856$273,293,419
98$327,215,439$35,936,301$17,378,531$300,709,099
99$360,422,299$37,528,065$17,791,597$330,905,317
100$397,010,932$39,192,499$18,213,174$364,165,106