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%13.9%
1 years$528,506$523,798$519,205$514,722$510,345$502,097
2 years$261,637$256,764$252,041$247,463$243,021$234,734
3 years$172,692$167,798$163,088$158,552$154,183$146,115
4 years$128,228$123,349$118,686$114,228$109,964$102,177
5 years$101,557$96,707$92,105$87,738$83,593$76,110
6 years$83,782$78,969$74,435$70,165$66,144$58,973
7 years$71,090$66,318$61,856$57,686$53,793$46,936
8 years$61,576$56,847$52,458$48,392$44,627$38,083
9 years$54,180$49,495$45,182$41,219$37,582$31,348
10 years$48,267$43,628$39,391$35,531$32,022$26,092
11 years$43,432$38,839$34,679$30,923$27,540$21,908
12 years$39,405$34,860$30,777$27,123$23,865$18,525
13 years$36,001$31,503$27,497$23,946$20,811$15,754
14 years$33,086$28,636$24,706$21,256$18,243$13,461
15 years$30,561$26,159$22,306$18,957$16,062$11,546
16 years$28,354$24,000$20,224$16,974$14,196$9,936
17 years$26,409$22,104$18,403$15,251$12,587$8,575
18 years$24,682$20,425$16,800$13,744$11,192$7,417
19 years$23,139$18,929$15,379$12,419$9,976$6,429
20 years$21,752$17,590$14,114$11,248$8,910$5,581
21 years$20,498$16,384$12,982$10,208$7,974$4,853
22 years$19,360$15,294$11,965$9,282$7,147$4,225
23 years$18,322$14,304$11,048$8,453$6,416$3,682
24 years$17,373$13,402$10,217$7,709$5,767$3,212
25 years$16,500$12,577$9,463$7,041$5,189$2,804
26 years$15,696$11,821$8,777$6,438$4,674$2,450
27 years$14,953$11,125$8,150$5,893$4,214$2,142
28 years$14,264$10,483$7,577$5,399$3,803$1,873
29 years$13,624$9,889$7,051$4,951$3,434$1,639
30 years$13,028$9,339$6,567$4,544$3,103$1,435
31 years$12,471$8,829$6,123$4,173$2,805$1,257
32 years$11,950$8,354$5,712$3,835$2,537$1,101
33 years$11,461$7,911$5,334$3,527$2,296$965
34 years$11,003$7,498$4,984$3,245$2,079$846
35 years$10,571$7,112$4,659$2,987$1,883$741
36 years$10,165$6,750$4,359$2,751$1,706$650
37 years$9,781$6,411$4,080$2,535$1,546$570
38 years$9,418$6,093$3,820$2,336$1,402$500
39 years$9,075$5,794$3,579$2,154$1,271$439
40 years$8,750$5,512$3,355$1,987$1,153$385
41 years$8,441$5,247$3,146$1,833$1,046$338
42 years$8,148$4,997$2,951$1,692$949$296
43 years$7,869$4,761$2,769$1,562$861$260
44 years$7,604$4,538$2,599$1,442$782$228
45 years$7,351$4,328$2,441$1,332$710$200
46 years$7,110$4,129$2,292$1,230$645$176
47 years$6,880$3,940$2,153$1,137$585$154
48 years$6,660$3,761$2,024$1,050$532$135
49 years$6,450$3,592$1,902$971$483$119
50 years$6,249$3,431$1,788$897$438$104

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 $2,417 every year, while hoping to spend $35,300 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: 38/47/15 Blend
56$6,400,000$6,400,000$6,400,000$6,400,000
57$7,055,293$6,716,093$6,616,893$7,291,327
58$7,737,374$7,007,623$6,801,000$7,751,906
59$8,487,844$7,312,254$6,990,092$8,245,758
60$9,313,642$7,630,592$7,184,297$8,778,707
61$10,222,412$7,963,270$7,383,750$9,354,288
62$11,222,579$8,310,951$7,588,586$9,976,376
63$12,323,423$8,674,328$7,798,945$10,649,222
64$13,535,171$9,054,130$8,014,969$11,377,489
65$14,869,093$9,451,116$8,236,804$12,166,294
66$16,337,604$9,866,085$8,464,602$13,021,252
67$17,954,388$10,299,872$8,698,514$13,948,530
68$19,734,520$10,753,349$8,938,698$14,954,895
69$21,694,612$11,227,434$9,185,315$16,047,781
70$23,852,969$11,723,085$9,438,530$17,235,351
71$26,229,761$12,241,306$9,698,511$18,526,573
72$28,847,216$12,783,150$9,965,430$19,931,301
73$31,729,826$13,349,717$10,239,465$21,460,362
74$34,904,577$13,942,162$10,520,796$23,125,653
75$38,401,210$14,561,694$10,809,609$24,940,254
76$42,252,494$15,209,578$11,106,092$26,918,541
77$46,494,543$15,887,142$11,410,440$29,076,319
78$51,167,147$16,595,773$11,722,851$31,430,969
79$56,314,157$17,336,927$12,043,527$34,001,602
80$61,983,893$18,112,128$12,372,677$36,809,237
81$68,229,601$18,922,973$12,710,513$39,876,990
82$75,109,957$19,771,136$13,057,252$43,230,292
83$82,689,619$20,658,368$13,413,116$46,897,117
84$91,039,838$21,586,505$13,778,333$50,908,244
85$100,239,129$22,557,471$14,153,135$55,297,535
86$110,374,014$23,573,281$14,537,759$60,102,253
87$121,539,838$24,636,047$14,932,448$65,363,404
88$133,841,668$25,747,979$15,337,452$71,126,115
89$147,395,284$26,911,397$15,753,023$77,440,051
90$162,328,276$28,128,728$16,179,421$84,359,880
91$178,781,240$29,402,516$16,616,912$91,945,775
92$196,909,115$30,735,427$17,065,767$100,263,972
93$216,882,636$32,130,255$17,526,262$109,387,391
94$238,889,954$33,589,926$17,998,681$119,396,308
95$263,138,405$35,117,508$18,483,312$130,379,105
96$289,856,471$36,716,214$18,980,451$142,433,090
97$319,295,934$38,389,412$19,490,400$155,665,408
98$351,734,257$40,140,631$20,013,466$170,194,037
99$387,477,199$41,973,569$20,549,965$186,148,889
100$426,861,701$43,892,102$21,100,216$203,673,022