Can I retire at age 57 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$545,022$540,167$535,431$530,807$526,293$515,878
2 years$269,813$264,788$259,918$255,196$250,616$240,167
3 years$178,088$173,042$168,184$163,506$159,001$148,844
4 years$132,235$127,204$122,395$117,797$113,401$103,614
5 years$104,731$99,729$94,983$90,480$86,206$76,816
6 years$86,400$81,437$76,761$72,357$68,211$59,231
7 years$73,312$68,390$63,789$59,489$55,474$46,904
8 years$63,500$58,623$54,098$49,904$46,021$37,858
9 years$55,873$51,042$46,594$42,507$38,757$30,996
10 years$49,775$44,991$40,622$36,641$33,022$25,657
11 years$44,789$40,053$35,763$31,889$28,400$21,422
12 years$40,637$35,949$31,739$27,971$24,611$18,009
13 years$37,126$32,488$28,356$24,694$21,461$15,224
14 years$34,119$29,530$25,478$21,921$18,813$12,929
15 years$31,516$26,977$23,004$19,549$16,564$11,022
16 years$29,240$24,750$20,856$17,504$14,640$9,425
17 years$27,235$22,794$18,978$15,728$12,981$8,082
18 years$25,454$21,063$17,325$14,174$11,542$6,945
19 years$23,862$19,521$15,860$12,807$10,287$5,979
20 years$22,431$18,140$14,555$11,599$9,189$5,156
21 years$21,139$16,896$13,388$10,527$8,223$4,453
22 years$19,965$15,772$12,339$9,572$7,371$3,850
23 years$18,895$14,751$11,393$8,717$6,616$3,332
24 years$17,915$13,821$10,537$7,950$5,947$2,886
25 years$17,016$12,970$9,759$7,261$5,351$2,502
26 years$16,187$12,190$9,051$6,639$4,820$2,170
27 years$15,420$11,472$8,405$6,077$4,346$1,883
28 years$14,710$10,810$7,813$5,568$3,921$1,635
29 years$14,050$10,198$7,271$5,106$3,541$1,421
30 years$13,435$9,631$6,773$4,686$3,199$1,235
31 years$12,861$9,105$6,314$4,303$2,893$1,073
32 years$12,323$8,615$5,891$3,955$2,617$933
33 years$11,820$8,158$5,500$3,637$2,368$812
34 years$11,347$7,732$5,139$3,346$2,144$706
35 years$10,902$7,334$4,805$3,080$1,942$614
36 years$10,482$6,961$4,495$2,837$1,759$534
37 years$10,087$6,611$4,207$2,614$1,595$465
38 years$9,713$6,283$3,940$2,409$1,446$405
39 years$9,359$5,975$3,691$2,221$1,311$352
40 years$9,023$5,684$3,460$2,049$1,189$307
41 years$8,705$5,411$3,244$1,890$1,079$267
42 years$8,403$5,153$3,043$1,745$979$233
43 years$8,115$4,910$2,856$1,611$888$203
44 years$7,842$4,680$2,680$1,487$806$176
45 years$7,581$4,463$2,517$1,373$732$154
46 years$7,332$4,258$2,364$1,269$665$134
47 years$7,095$4,063$2,221$1,172$604$116
48 years$6,868$3,879$2,087$1,083$548$101
49 years$6,651$3,704$1,962$1,001$498$88
50 years$6,444$3,538$1,844$925$452$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,600,000, adding $6,644 every year, while hoping to spend $27,999 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: 71/5/24 Blend
56$6,600,000$6,600,000$6,600,000$6,600,000
57$7,280,053$6,930,253$6,827,953$7,752,588
58$7,992,828$7,240,045$7,026,899$8,378,911
59$8,777,367$7,564,078$7,231,571$9,060,590
60$9,640,962$7,903,021$7,442,132$9,806,369
61$10,591,644$8,257,573$7,658,747$10,622,610
62$11,638,266$8,628,469$7,881,590$11,516,321
63$12,790,582$9,016,476$8,110,835$12,495,217
64$14,059,338$9,422,400$8,346,665$13,567,794
65$15,456,376$9,847,083$8,589,264$14,743,407
66$16,994,747$10,291,411$8,838,825$16,032,362
67$18,688,828$10,756,307$9,095,543$17,446,005
68$20,554,465$11,242,743$9,359,620$18,996,835
69$22,609,118$11,751,735$9,631,265$20,698,618
70$24,872,026$12,284,347$9,910,689$22,566,515
71$27,364,388$12,841,696$10,198,113$24,617,228
72$30,109,567$13,424,950$10,493,761$26,869,151
73$33,133,305$14,035,336$10,797,865$29,342,550
74$36,463,971$14,674,135$11,110,662$32,059,744
75$40,132,823$15,342,695$11,432,396$35,045,324
76$44,174,308$16,042,425$11,763,319$38,326,378
77$48,626,385$16,774,801$12,103,687$41,932,746
78$53,530,882$17,541,372$12,453,767$45,897,303
79$58,933,893$18,343,759$12,813,828$50,256,266
80$64,886,211$19,183,664$13,184,153$55,049,536
81$71,443,808$20,062,868$13,565,026$60,321,072
82$78,668,366$20,983,238$13,956,743$66,119,304
83$86,627,853$21,946,730$14,359,608$72,497,591
84$95,397,170$22,955,396$14,773,931$79,514,722
85$105,058,856$24,011,385$15,200,032$87,235,470
86$115,703,866$25,116,949$15,638,240$95,731,198
87$127,432,430$26,274,450$16,088,891$105,080,537
88$140,355,001$27,486,361$16,552,332$115,370,123
89$154,593,295$28,755,277$17,028,919$126,695,413
90$170,281,441$30,083,915$17,519,017$139,161,587
91$187,567,246$31,475,125$18,023,002$152,884,534
92$206,613,591$32,931,892$18,541,259$167,991,948
93$227,599,970$34,457,348$19,074,184$184,624,531
94$250,724,182$36,054,772$19,622,184$202,937,317
95$276,204,196$37,727,604$20,185,675$223,101,136
96$304,280,216$39,479,449$20,765,087$245,304,222
97$335,216,941$41,314,084$21,360,860$269,753,989
98$369,306,066$43,235,471$21,973,445$296,678,986
99$406,869,037$45,247,761$22,603,308$326,331,050
100$448,260,084$47,355,307$23,250,924$358,987,687