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

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$520,248$515,614$511,093$506,680$502,371$488,641
2 years$257,549$252,752$248,103$243,596$239,224$225,492
3 years$169,994$165,176$160,539$156,074$151,774$138,469
4 years$126,225$121,422$116,831$112,443$108,246$95,471
5 years$99,970$95,196$90,666$86,367$82,287$70,077
6 years$82,473$77,735$73,272$69,068$65,111$53,477
7 years$69,980$65,282$60,889$56,785$52,953$41,895
8 years$60,614$55,958$51,639$47,635$43,929$33,443
9 years$53,333$48,722$44,476$40,575$36,995$27,070
10 years$47,512$42,946$38,776$34,976$31,521$22,145
11 years$42,753$38,232$34,137$30,439$27,110$18,266
12 years$38,789$34,315$30,296$26,700$23,493$15,167
13 years$35,438$31,011$27,068$23,572$20,486$12,660
14 years$32,569$28,188$24,320$20,924$17,958$10,612
15 years$30,084$25,750$21,958$18,661$15,812$8,928
16 years$27,911$23,625$19,908$16,709$13,974$7,532
17 years$25,997$21,758$18,116$15,013$12,391$6,370
18 years$24,297$20,106$16,537$13,529$11,017$5,398
19 years$22,777$18,634$15,139$12,225$9,820$4,582
20 years$21,412$17,315$13,894$11,072$8,771$3,895
21 years$20,178$16,128$12,780$10,049$7,849$3,315
22 years$19,057$15,055$11,778$9,136$7,036$2,824
23 years$18,036$14,081$10,875$8,321$6,316$2,408
24 years$17,101$13,193$10,058$7,589$5,677$2,055
25 years$16,242$12,381$9,316$6,931$5,108$1,755
26 years$15,451$11,636$8,640$6,337$4,601$1,499
27 years$14,719$10,951$8,023$5,801$4,148$1,281
28 years$14,041$10,319$7,458$5,315$3,743$1,095
29 years$13,411$9,735$6,940$4,874$3,380$937
30 years$12,824$9,193$6,465$4,473$3,054$801
31 years$12,276$8,691$6,027$4,108$2,761$686
32 years$11,763$8,223$5,623$3,775$2,498$587
33 years$11,282$7,788$5,250$3,472$2,260$502
34 years$10,831$7,381$4,906$3,194$2,047$430
35 years$10,406$7,001$4,586$2,940$1,854$368
36 years$10,006$6,645$4,291$2,708$1,679$315
37 years$9,628$6,311$4,016$2,495$1,522$270
38 years$9,271$5,998$3,761$2,300$1,380$231
39 years$8,933$5,703$3,523$2,121$1,251$198
40 years$8,613$5,426$3,302$1,956$1,135$170
41 years$8,309$5,165$3,097$1,805$1,030$145
42 years$8,021$4,919$2,905$1,665$934$125
43 years$7,746$4,687$2,726$1,537$848$107
44 years$7,485$4,468$2,559$1,419$770$91
45 years$7,236$4,260$2,402$1,311$699$78
46 years$6,999$4,064$2,256$1,211$634$67
47 years$6,773$3,878$2,120$1,119$576$58
48 years$6,556$3,702$1,992$1,034$523$49
49 years$6,349$3,536$1,872$955$475$42
50 years$6,151$3,377$1,760$883$432$36

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 $2,507 every year, while hoping to spend $27,300 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: 56/25/19 Blend
56$6,300,000$6,300,000$6,300,000$6,300,000
57$6,945,186$6,611,286$6,513,636$7,298,677
58$7,624,548$6,906,192$6,702,796$7,834,804
59$8,372,290$7,214,633$6,897,377$8,415,418
60$9,195,358$7,537,245$7,097,534$9,047,329
61$10,101,405$7,874,690$7,303,422$9,735,467
62$11,098,865$8,227,667$7,515,203$10,485,250
63$12,197,030$8,596,903$7,733,043$11,302,637
64$13,406,139$8,983,164$7,957,112$12,194,179
65$14,737,475$9,387,249$8,187,586$13,167,085
66$16,203,471$9,809,997$8,424,643$14,229,282
67$17,817,825$10,252,288$8,668,469$15,389,491
68$19,595,635$10,715,041$8,919,254$16,657,306
69$21,553,533$11,199,221$9,177,192$18,043,285
70$23,709,849$11,705,839$9,442,485$19,559,044
71$26,084,783$12,235,954$9,715,337$21,217,365
72$28,700,590$12,790,675$9,995,960$23,032,315
73$31,581,797$13,371,166$10,284,572$25,019,380
74$34,755,431$13,978,643$10,581,395$27,195,599
75$38,251,272$14,614,383$10,886,659$29,579,733
76$42,102,139$15,279,725$11,200,599$32,192,430
77$46,344,195$15,976,070$11,523,457$35,056,423
78$51,017,291$16,704,886$11,855,481$38,196,739
79$56,165,342$17,467,712$12,196,927$41,640,932
80$61,836,739$18,266,163$12,548,056$45,419,341
81$68,084,809$19,101,926$12,909,138$49,565,370
82$74,968,314$19,976,776$13,280,449$54,115,801
83$82,552,011$20,892,566$13,662,273$59,111,141
84$90,907,258$21,851,244$14,054,901$64,595,993
85$100,112,690$22,854,848$14,458,633$70,619,479
86$110,254,964$23,905,514$14,873,776$77,235,696
87$121,429,568$25,005,482$15,300,645$84,504,222
88$133,741,733$26,157,100$15,739,566$92,490,676
89$147,307,419$27,362,827$16,190,871$101,267,330
90$162,254,412$28,625,241$16,654,901$110,913,787
91$178,723,529$29,947,046$17,132,007$121,517,726
92$196,869,951$31,331,072$17,622,551$133,175,725
93$216,864,681$32,780,290$18,126,901$145,994,165
94$238,896,164$34,297,810$18,645,438$160,090,231
95$263,172,064$35,886,894$19,178,552$175,593,009
96$289,921,223$37,550,960$19,726,642$192,644,695
97$319,395,823$39,293,593$20,290,120$211,401,938
98$351,873,765$41,118,547$20,869,407$232,037,304
99$387,661,294$43,029,761$21,464,937$254,740,901
100$427,095,888$45,031,361$22,077,154$279,722,162