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%11%
1 years$520,248$515,614$511,093$506,680$502,371$500,254
2 years$257,549$252,752$248,103$243,596$239,224$237,087
3 years$169,994$165,176$160,539$156,074$151,774$149,683
4 years$126,225$121,422$116,831$112,443$108,246$106,217
5 years$99,970$95,196$90,666$86,367$82,287$80,326
6 years$82,473$77,735$73,272$69,068$65,111$63,220
7 years$69,980$65,282$60,889$56,785$52,953$51,134
8 years$60,614$55,958$51,639$47,635$43,929$42,182
9 years$53,333$48,722$44,476$40,575$36,995$35,319
10 years$47,512$42,946$38,776$34,976$31,521$29,916
11 years$42,753$38,232$34,137$30,439$27,110$25,573
12 years$38,789$34,315$30,296$26,700$23,493$22,025
13 years$35,438$31,011$27,068$23,572$20,486$19,085
14 years$32,569$28,188$24,320$20,924$17,958$16,623
15 years$30,084$25,750$21,958$18,661$15,812$14,540
16 years$27,911$23,625$19,908$16,709$13,974$12,765
17 years$25,997$21,758$18,116$15,013$12,391$11,241
18 years$24,297$20,106$16,537$13,529$11,017$9,926
19 years$22,777$18,634$15,139$12,225$9,820$8,786
20 years$21,412$17,315$13,894$11,072$8,771$7,792
21 years$20,178$16,128$12,780$10,049$7,849$6,922
22 years$19,057$15,055$11,778$9,136$7,036$6,160
23 years$18,036$14,081$10,875$8,321$6,316$5,488
24 years$17,101$13,193$10,058$7,589$5,677$4,896
25 years$16,242$12,381$9,316$6,931$5,108$4,372
26 years$15,451$11,636$8,640$6,337$4,601$3,908
27 years$14,719$10,951$8,023$5,801$4,148$3,496
28 years$14,041$10,319$7,458$5,315$3,743$3,130
29 years$13,411$9,735$6,940$4,874$3,380$2,804
30 years$12,824$9,193$6,465$4,473$3,054$2,514
31 years$12,276$8,691$6,027$4,108$2,761$2,254
32 years$11,763$8,223$5,623$3,775$2,498$2,023
33 years$11,282$7,788$5,250$3,472$2,260$1,816
34 years$10,831$7,381$4,906$3,194$2,047$1,630
35 years$10,406$7,001$4,586$2,940$1,854$1,464
36 years$10,006$6,645$4,291$2,708$1,679$1,316
37 years$9,628$6,311$4,016$2,495$1,522$1,183
38 years$9,271$5,998$3,761$2,300$1,380$1,063
39 years$8,933$5,703$3,523$2,121$1,251$956
40 years$8,613$5,426$3,302$1,956$1,135$860
41 years$8,309$5,165$3,097$1,805$1,030$773
42 years$8,021$4,919$2,905$1,665$934$696
43 years$7,746$4,687$2,726$1,537$848$626
44 years$7,485$4,468$2,559$1,419$770$563
45 years$7,236$4,260$2,402$1,311$699$507
46 years$6,999$4,064$2,256$1,211$634$456
47 years$6,773$3,878$2,120$1,119$576$411
48 years$6,556$3,702$1,992$1,034$523$370
49 years$6,349$3,536$1,872$955$475$333
50 years$6,151$3,377$1,760$883$432$300

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 $4,970 every year, while hoping to spend $47,053 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: 41/40/19 Blend
56$6,300,000$6,300,000$6,300,000$6,300,000
57$6,947,727$6,613,827$6,516,177$7,193,485
58$7,606,331$6,887,840$6,684,404$7,642,807
59$8,330,535$7,173,703$6,856,691$8,123,903
60$9,126,982$7,471,947$7,033,122$8,643,652
61$10,002,989$7,783,127$7,213,786$9,205,610
62$10,966,617$8,107,823$7,398,772$9,813,681
63$12,026,750$8,446,645$7,588,169$10,472,152
64$13,193,175$8,800,227$7,782,069$11,185,730
65$14,476,676$9,169,235$7,980,566$11,959,583
66$15,889,135$9,554,366$8,183,752$12,799,393
67$17,443,644$9,956,346$8,391,725$13,711,397
68$19,154,627$10,375,939$8,604,579$14,702,453
69$21,037,981$10,813,942$8,822,414$15,780,097
70$23,111,218$11,271,188$9,045,328$16,952,610
71$25,393,637$11,748,551$9,273,422$18,229,099
72$27,906,503$12,246,945$9,506,796$19,619,575
73$30,673,247$12,767,326$9,745,555$21,135,046
74$33,719,688$13,310,695$9,989,800$22,787,618
75$37,074,275$13,878,098$10,239,638$24,590,605
76$40,768,358$14,470,632$10,495,173$26,558,652
77$44,836,482$15,089,444$10,756,512$28,707,870
78$49,316,712$15,735,735$11,023,764$31,055,983
79$54,250,992$16,410,762$11,297,036$33,622,491
80$59,685,545$17,115,841$11,576,438$36,428,851
81$65,671,302$17,852,348$11,862,080$39,498,676
82$72,264,387$18,621,726$12,154,072$42,857,950
83$79,526,648$19,425,484$12,452,527$46,535,272
84$87,526,235$20,265,202$12,757,556$50,562,120
85$96,338,248$21,142,533$13,069,271$54,973,142
86$106,045,443$22,059,211$13,387,785$59,806,476
87$116,739,013$23,017,048$13,713,211$65,104,111
88$128,519,451$24,017,942$14,045,662$70,912,268
89$141,497,495$25,063,881$14,385,252$77,281,838
90$155,795,175$26,156,947$14,732,093$84,268,854
91$171,546,964$27,299,318$15,086,299$91,935,008
92$188,901,047$28,493,277$15,447,983$100,348,234
93$208,020,719$29,741,213$15,817,256$109,583,338
94$229,085,929$31,045,629$16,194,230$119,722,695
95$252,294,973$32,409,145$16,579,017$130,857,022
96$277,866,372$33,834,504$16,971,725$143,086,223
97$306,040,929$35,324,582$17,372,465$156,520,326
98$337,084,005$36,882,387$17,781,343$171,280,512
99$371,288,021$38,511,072$18,198,466$187,500,245
100$408,975,223$40,213,939$18,623,939$205,326,528