Can I retire at age 57 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$520,248$515,614$511,093$506,680$502,371$496,505
2 years$257,549$252,752$248,103$243,596$239,224$233,320
3 years$169,994$165,176$160,539$156,074$151,774$146,014
4 years$126,225$121,422$116,831$112,443$108,246$102,676
5 years$99,970$95,196$90,666$86,367$82,287$76,923
6 years$82,473$77,735$73,272$69,068$65,111$59,959
7 years$69,980$65,282$60,889$56,785$52,953$48,015
8 years$60,614$55,958$51,639$47,635$43,929$39,205
9 years$53,333$48,722$44,476$40,575$36,995$32,482
10 years$47,512$42,946$38,776$34,976$31,521$27,218
11 years$42,753$38,232$34,137$30,439$27,110$23,011
12 years$38,789$34,315$30,296$26,700$23,493$19,595
13 years$35,438$31,011$27,068$23,572$20,486$16,784
14 years$32,569$28,188$24,320$20,924$17,958$14,446
15 years$30,084$25,750$21,958$18,661$15,812$12,485
16 years$27,911$23,625$19,908$16,709$13,974$10,827
17 years$25,997$21,758$18,116$15,013$12,391$9,416
18 years$24,297$20,106$16,537$13,529$11,017$8,210
19 years$22,777$18,634$15,139$12,225$9,820$7,173
20 years$21,412$17,315$13,894$11,072$8,771$6,279
21 years$20,178$16,128$12,780$10,049$7,849$5,504
22 years$19,057$15,055$11,778$9,136$7,036$4,832
23 years$18,036$14,081$10,875$8,321$6,316$4,247
24 years$17,101$13,193$10,058$7,589$5,677$3,737
25 years$16,242$12,381$9,316$6,931$5,108$3,291
26 years$15,451$11,636$8,640$6,337$4,601$2,901
27 years$14,719$10,951$8,023$5,801$4,148$2,558
28 years$14,041$10,319$7,458$5,315$3,743$2,258
29 years$13,411$9,735$6,940$4,874$3,380$1,993
30 years$12,824$9,193$6,465$4,473$3,054$1,761
31 years$12,276$8,691$6,027$4,108$2,761$1,556
32 years$11,763$8,223$5,623$3,775$2,498$1,376
33 years$11,282$7,788$5,250$3,472$2,260$1,217
34 years$10,831$7,381$4,906$3,194$2,047$1,076
35 years$10,406$7,001$4,586$2,940$1,854$952
36 years$10,006$6,645$4,291$2,708$1,679$843
37 years$9,628$6,311$4,016$2,495$1,522$746
38 years$9,271$5,998$3,761$2,300$1,380$661
39 years$8,933$5,703$3,523$2,121$1,251$585
40 years$8,613$5,426$3,302$1,956$1,135$518
41 years$8,309$5,165$3,097$1,805$1,030$459
42 years$8,021$4,919$2,905$1,665$934$406
43 years$7,746$4,687$2,726$1,537$848$360
44 years$7,485$4,468$2,559$1,419$770$319
45 years$7,236$4,260$2,402$1,311$699$283
46 years$6,999$4,064$2,256$1,211$634$250
47 years$6,773$3,878$2,120$1,119$576$222
48 years$6,556$3,702$1,992$1,034$523$197
49 years$6,349$3,536$1,872$955$475$174
50 years$6,151$3,377$1,760$883$432$154

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,300,000, adding $2,415 every year, while hoping to spend $22,772 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: 61/14/25 Blend
56$6,300,000$6,300,000$6,300,000$6,300,000
57$6,945,091$6,611,191$6,513,541$7,322,292
58$7,629,261$6,910,910$6,707,515$7,878,409
59$8,382,453$7,224,552$6,907,225$8,482,441
60$9,211,684$7,552,776$7,112,837$9,141,255
61$10,124,684$7,896,270$7,324,525$9,860,195
62$11,129,972$8,255,758$7,542,468$10,645,140
63$12,236,936$8,631,996$7,766,847$11,502,559
64$13,455,919$9,025,780$7,997,851$12,439,569
65$14,798,318$9,437,939$8,235,675$13,464,006
66$16,276,695$9,869,345$8,480,518$14,584,491
67$17,904,887$10,320,913$8,732,585$15,810,515
68$19,698,146$10,793,598$8,992,087$17,152,525
69$21,673,277$11,288,405$9,259,242$18,622,022
70$23,848,797$11,806,383$9,534,273$20,231,665
71$26,245,114$12,348,634$9,817,410$21,995,393
72$28,884,712$12,916,314$10,108,890$23,928,553
73$31,792,371$13,510,632$10,408,957$26,048,042
74$34,995,396$14,132,857$10,717,860$28,372,466
75$38,523,877$14,784,316$11,035,858$30,922,314
76$42,410,969$15,466,404$11,363,216$33,720,148
77$46,693,210$16,180,581$11,700,207$36,790,814
78$51,410,865$16,928,376$12,047,110$40,161,674
79$56,608,300$17,711,395$12,404,216$43,862,866
80$62,334,411$18,531,317$12,771,822$47,927,579
81$68,643,075$19,389,905$13,150,231$52,392,370
82$75,593,665$20,289,007$13,539,761$57,297,503
83$83,251,608$21,230,558$13,940,732$62,687,328
84$91,689,005$22,216,588$14,353,479$68,610,694
85$100,985,307$23,249,224$14,778,344$75,121,414
86$111,228,068$24,330,695$15,215,678$82,278,761
87$122,513,772$25,463,341$15,665,845$90,148,029
88$134,948,741$26,649,609$16,129,215$98,801,149
89$148,650,142$27,892,070$16,606,174$108,317,357
90$163,747,090$29,193,415$17,097,114$118,783,944
91$180,381,868$30,556,466$17,602,442$130,297,075
92$198,711,269$31,984,184$18,122,574$142,962,694
93$218,908,079$33,479,669$18,657,940$156,897,515
94$241,162,702$35,046,172$19,208,981$172,230,125
95$265,684,967$36,687,104$19,776,151$189,102,192
96$292,706,098$38,406,036$20,359,916$207,669,796
97$322,480,905$40,206,716$20,960,758$228,104,898
98$355,290,183$42,093,072$21,579,169$250,596,962
99$391,443,369$44,069,219$22,215,659$275,354,731
100$431,281,458$46,139,476$22,870,749$302,608,198