Can I retire at age 57 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$528,506$523,798$519,205$514,722$510,345$503,342
2 years$261,637$256,764$252,041$247,463$243,021$235,978
3 years$172,692$167,798$163,088$158,552$154,183$147,319
4 years$128,228$123,349$118,686$114,228$109,964$103,332
5 years$101,557$96,707$92,105$87,738$83,593$77,212
6 years$83,782$78,969$74,435$70,165$66,144$60,022
7 years$71,090$66,318$61,856$57,686$53,793$47,931
8 years$61,576$56,847$52,458$48,392$44,627$39,025
9 years$54,180$49,495$45,182$41,219$37,582$32,238
10 years$48,267$43,628$39,391$35,531$32,022$26,931
11 years$43,432$38,839$34,679$30,923$27,540$22,698
12 years$39,405$34,860$30,777$27,123$23,865$19,267
13 years$36,001$31,503$27,497$23,946$20,811$16,449
14 years$33,086$28,636$24,706$21,256$18,243$14,111
15 years$30,561$26,159$22,306$18,957$16,062$12,154
16 years$28,354$24,000$20,224$16,974$14,196$10,503
17 years$26,409$22,104$18,403$15,251$12,587$9,103
18 years$24,682$20,425$16,800$13,744$11,192$7,908
19 years$23,139$18,929$15,379$12,419$9,976$6,884
20 years$21,752$17,590$14,114$11,248$8,910$6,004
21 years$20,498$16,384$12,982$10,208$7,974$5,244
22 years$19,360$15,294$11,965$9,282$7,147$4,586
23 years$18,322$14,304$11,048$8,453$6,416$4,015
24 years$17,373$13,402$10,217$7,709$5,767$3,519
25 years$16,500$12,577$9,463$7,041$5,189$3,087
26 years$15,696$11,821$8,777$6,438$4,674$2,710
27 years$14,953$11,125$8,150$5,893$4,214$2,381
28 years$14,264$10,483$7,577$5,399$3,803$2,092
29 years$13,624$9,889$7,051$4,951$3,434$1,840
30 years$13,028$9,339$6,567$4,544$3,103$1,619
31 years$12,471$8,829$6,123$4,173$2,805$1,425
32 years$11,950$8,354$5,712$3,835$2,537$1,254
33 years$11,461$7,911$5,334$3,527$2,296$1,105
34 years$11,003$7,498$4,984$3,245$2,079$973
35 years$10,571$7,112$4,659$2,987$1,883$857
36 years$10,165$6,750$4,359$2,751$1,706$756
37 years$9,781$6,411$4,080$2,535$1,546$666
38 years$9,418$6,093$3,820$2,336$1,402$587
39 years$9,075$5,794$3,579$2,154$1,271$518
40 years$8,750$5,512$3,355$1,987$1,153$457
41 years$8,441$5,247$3,146$1,833$1,046$403
42 years$8,148$4,997$2,951$1,692$949$355
43 years$7,869$4,761$2,769$1,562$861$313
44 years$7,604$4,538$2,599$1,442$782$276
45 years$7,351$4,328$2,441$1,332$710$244
46 years$7,110$4,129$2,292$1,230$645$215
47 years$6,880$3,940$2,153$1,137$585$190
48 years$6,660$3,761$2,024$1,050$532$167
49 years$6,450$3,592$1,902$971$483$148
50 years$6,249$3,431$1,788$897$438$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,400,000, adding $4,418 every year, while hoping to spend $45,860 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: 53/41/6 Blend
56$6,400,000$6,400,000$6,400,000$6,400,000
57$7,057,357$6,718,157$6,618,957$7,421,427
58$7,728,413$6,998,552$6,791,898$7,948,746
59$8,466,379$7,291,150$6,969,094$8,516,711
60$9,278,033$7,596,499$7,150,642$9,133,471
61$10,170,840$7,915,175$7,336,636$9,803,641
62$11,153,026$8,247,779$7,527,174$10,532,290
63$12,233,655$8,594,940$7,722,354$11,324,989
64$13,422,713$8,957,318$7,922,279$12,187,860
65$14,731,204$9,335,601$8,127,050$13,127,631
66$16,171,252$9,730,510$8,336,770$14,151,702
67$17,756,214$10,142,799$8,551,547$15,268,205
68$19,500,811$10,573,259$8,771,486$16,486,084
69$21,421,260$11,022,716$8,996,698$17,815,173
70$23,535,434$11,492,034$9,227,292$19,266,290
71$25,863,023$11,982,118$9,463,381$20,851,332
72$28,425,726$12,493,917$9,705,079$22,583,387
73$31,247,451$13,028,420$9,952,501$24,476,852
74$34,354,546$13,586,667$10,205,764$26,547,569
75$37,776,039$14,169,744$10,464,987$28,812,969
76$41,543,921$14,778,787$10,730,290$31,292,231
77$45,693,440$15,414,987$11,001,794$34,006,463
78$50,263,440$16,079,590$11,279,623$36,978,895
79$55,296,721$16,773,900$11,563,901$40,235,095
80$60,840,449$17,499,284$11,854,754$43,803,206
81$66,946,597$18,257,171$12,152,310$47,714,205
82$73,672,435$19,049,057$12,456,697$52,002,194
83$81,081,072$19,876,510$12,768,046$56,704,715
84$89,242,054$20,741,171$13,086,487$61,863,101
85$98,232,013$21,644,758$13,412,154$67,522,857
86$108,135,396$22,589,070$13,745,180$73,734,087
87$119,045,262$23,575,990$14,085,699$80,551,962
88$131,064,156$24,607,490$14,433,847$88,037,232
89$144,305,080$25,685,637$14,789,761$96,256,794
90$158,892,558$26,812,594$15,153,578$105,284,315
91$174,963,813$27,990,624$15,525,436$115,200,926
92$192,670,058$29,222,101$15,905,474$126,095,973
93$212,177,928$30,509,507$16,293,832$138,067,858
94$233,671,049$31,855,446$16,690,648$151,224,959
95$257,351,775$33,262,642$17,096,063$165,686,642
96$283,443,092$34,733,948$17,510,218$181,584,381
97$312,190,729$36,272,353$17,933,252$199,062,991
98$343,865,473$37,880,988$18,365,305$218,281,984
99$378,765,727$39,563,132$18,806,518$239,417,064
100$417,220,325$41,322,218$19,257,030$262,661,775