Can I retire at age 57 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$511,990$507,430$502,980$498,637$494,397$480,691
2 years$253,460$248,740$244,165$239,729$235,427$221,721
3 years$167,295$162,554$157,991$153,597$149,365$136,087
4 years$124,221$119,495$114,977$110,658$106,528$93,782
5 years$98,383$93,685$89,227$84,996$80,981$68,800
6 years$81,164$76,501$72,109$67,972$64,077$52,474
7 years$68,869$64,245$59,923$55,883$52,112$41,086
8 years$59,652$55,070$50,819$46,879$43,232$32,778
9 years$52,487$47,949$43,770$39,931$36,408$26,515
10 years$46,758$42,264$38,160$34,421$31,021$21,678
11 years$42,074$37,625$33,596$29,956$26,679$17,870
12 years$38,174$33,771$29,815$26,276$23,120$14,828
13 years$34,876$30,519$26,638$23,198$20,161$12,368
14 years$32,052$27,741$23,934$20,592$17,673$10,361
15 years$29,606$25,342$21,609$18,365$15,561$8,710
16 years$27,468$23,250$19,592$16,443$13,752$7,343
17 years$25,584$21,413$17,828$14,774$12,194$6,206
18 years$23,911$19,786$16,275$13,315$10,842$5,255
19 years$22,416$18,338$14,899$12,031$9,664$4,458
20 years$21,072$17,040$13,673$10,896$8,632$3,786
21 years$19,857$15,872$12,577$9,889$7,725$3,220
22 years$18,755$14,816$11,591$8,991$6,924$2,741
23 years$17,750$13,857$10,703$8,189$6,215$2,335
24 years$16,830$12,984$9,898$7,469$5,587$1,991
25 years$15,985$12,184$9,168$6,821$5,027$1,699
26 years$15,206$11,451$8,503$6,237$4,528$1,450
27 years$14,486$10,777$7,895$5,708$4,083$1,238
28 years$13,818$10,155$7,340$5,230$3,684$1,058
29 years$13,198$9,580$6,830$4,796$3,326$904
30 years$12,621$9,048$6,362$4,402$3,006$773
31 years$12,081$8,553$5,931$4,043$2,717$661
32 years$11,576$8,093$5,534$3,715$2,458$565
33 years$11,103$7,664$5,167$3,416$2,224$483
34 years$10,659$7,264$4,828$3,143$2,014$413
35 years$10,241$6,890$4,514$2,894$1,824$354
36 years$9,847$6,539$4,222$2,665$1,653$303
37 years$9,475$6,211$3,952$2,455$1,498$259
38 years$9,124$5,902$3,701$2,263$1,358$222
39 years$8,791$5,613$3,467$2,087$1,232$190
40 years$8,476$5,340$3,250$1,925$1,117$162
41 years$8,177$5,083$3,047$1,776$1,013$139
42 years$7,894$4,841$2,859$1,639$920$119
43 years$7,624$4,612$2,682$1,513$835$102
44 years$7,366$4,397$2,518$1,397$758$87
45 years$7,122$4,193$2,364$1,290$688$75
46 years$6,888$4,000$2,221$1,192$624$64
47 years$6,665$3,817$2,086$1,101$567$55
48 years$6,452$3,644$1,960$1,017$515$47
49 years$6,248$3,480$1,843$940$468$40
50 years$6,053$3,324$1,732$869$425$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,200,000, adding $4,078 every year, while hoping to spend $58,139 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: 75/10/15 Blend
56$6,200,000$6,200,000$6,200,000$6,200,000
57$6,836,606$6,508,006$6,411,906$7,326,787
58$7,472,081$6,765,039$6,564,846$7,908,389
59$8,170,425$7,032,718$6,720,960$8,538,020
60$8,937,990$7,311,503$6,880,294$9,226,532
61$9,781,774$7,601,876$7,042,893$9,979,765
62$10,709,485$7,904,338$7,208,800$10,804,151
63$11,729,617$8,219,415$7,378,059$11,706,772
64$12,851,527$8,547,655$7,550,713$12,695,425
65$14,085,524$8,889,632$7,726,804$13,778,699
66$15,442,969$9,245,944$7,906,372$14,966,050
67$16,936,375$9,617,219$8,089,459$16,267,896
68$18,579,533$10,004,110$8,276,103$17,695,708
69$20,387,635$10,407,302$8,466,343$19,262,121
70$22,377,423$10,827,509$8,660,215$20,981,053
71$24,567,343$11,265,480$8,857,755$22,867,832
72$26,977,718$11,721,994$9,058,996$24,939,345
73$29,630,944$12,197,870$9,263,970$27,214,191
74$32,551,695$12,693,961$9,472,708$29,712,860
75$35,767,163$13,211,160$9,685,239$32,457,923
76$39,307,307$13,750,400$9,901,588$35,474,243
77$43,205,140$14,312,658$10,121,779$38,789,212
78$47,497,040$14,898,953$10,345,834$42,433,008
79$52,223,090$15,510,354$10,573,772$46,438,873
80$57,427,460$16,147,976$10,805,608$50,843,435
81$63,158,820$16,812,987$11,041,355$55,687,044
82$69,470,803$17,506,606$11,281,024$61,014,157
83$76,422,506$18,230,111$11,524,619$66,873,753
84$84,079,052$18,984,837$11,772,144$73,319,797
85$92,512,201$19,772,180$12,023,597$80,411,745
86$101,801,030$20,593,600$12,278,971$88,215,108
87$112,032,675$21,450,627$12,538,257$96,802,062
88$123,303,159$22,344,859$12,801,439$106,252,135
89$135,718,291$23,277,966$13,068,497$116,652,952
90$149,394,670$24,251,700$13,339,405$128,101,062
91$164,460,782$25,267,890$13,614,132$140,702,847
92$181,058,216$26,328,451$13,892,639$154,575,523
93$199,342,995$27,435,385$14,174,883$169,848,248
94$219,487,051$28,590,790$14,460,813$186,663,338
95$241,679,851$29,796,859$14,750,370$205,177,606
96$266,130,176$31,055,886$15,043,489$225,563,843
97$293,068,103$32,370,273$15,340,095$248,012,448
98$322,747,167$33,742,534$15,640,105$272,733,218
99$355,446,759$35,175,299$15,943,429$299,957,332
100$391,474,759$36,671,319$16,249,965$329,939,528