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

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$545,022$540,167$535,431$530,807$526,293$519,071
2 years$269,813$264,788$259,918$255,196$250,616$243,353
3 years$178,088$173,042$168,184$163,506$159,001$151,922
4 years$132,235$127,204$122,395$117,797$113,401$106,561
5 years$104,731$99,729$94,983$90,480$86,206$79,625
6 years$86,400$81,437$76,761$72,357$68,211$61,897
7 years$73,312$68,390$63,789$59,489$55,474$49,429
8 years$63,500$58,623$54,098$49,904$46,021$40,244
9 years$55,873$51,042$46,594$42,507$38,757$33,245
10 years$49,775$44,991$40,622$36,641$33,022$27,773
11 years$44,789$40,053$35,763$31,889$28,400$23,407
12 years$40,637$35,949$31,739$27,971$24,611$19,869
13 years$37,126$32,488$28,356$24,694$21,461$16,963
14 years$34,119$29,530$25,478$21,921$18,813$14,552
15 years$31,516$26,977$23,004$19,549$16,564$12,534
16 years$29,240$24,750$20,856$17,504$14,640$10,832
17 years$27,235$22,794$18,978$15,728$12,981$9,387
18 years$25,454$21,063$17,325$14,174$11,542$8,155
19 years$23,862$19,521$15,860$12,807$10,287$7,099
20 years$22,431$18,140$14,555$11,599$9,189$6,191
21 years$21,139$16,896$13,388$10,527$8,223$5,408
22 years$19,965$15,772$12,339$9,572$7,371$4,729
23 years$18,895$14,751$11,393$8,717$6,616$4,141
24 years$17,915$13,821$10,537$7,950$5,947$3,629
25 years$17,016$12,970$9,759$7,261$5,351$3,184
26 years$16,187$12,190$9,051$6,639$4,820$2,795
27 years$15,420$11,472$8,405$6,077$4,346$2,455
28 years$14,710$10,810$7,813$5,568$3,921$2,158
29 years$14,050$10,198$7,271$5,106$3,541$1,898
30 years$13,435$9,631$6,773$4,686$3,199$1,669
31 years$12,861$9,105$6,314$4,303$2,893$1,469
32 years$12,323$8,615$5,891$3,955$2,617$1,294
33 years$11,820$8,158$5,500$3,637$2,368$1,139
34 years$11,347$7,732$5,139$3,346$2,144$1,004
35 years$10,902$7,334$4,805$3,080$1,942$884
36 years$10,482$6,961$4,495$2,837$1,759$779
37 years$10,087$6,611$4,207$2,614$1,595$687
38 years$9,713$6,283$3,940$2,409$1,446$606
39 years$9,359$5,975$3,691$2,221$1,311$534
40 years$9,023$5,684$3,460$2,049$1,189$471
41 years$8,705$5,411$3,244$1,890$1,079$415
42 years$8,403$5,153$3,043$1,745$979$366
43 years$8,115$4,910$2,856$1,611$888$323
44 years$7,842$4,680$2,680$1,487$806$285
45 years$7,581$4,463$2,517$1,373$732$251
46 years$7,332$4,258$2,364$1,269$665$222
47 years$7,095$4,063$2,221$1,172$604$196
48 years$6,868$3,879$2,087$1,083$548$173
49 years$6,651$3,704$1,962$1,001$498$152
50 years$6,444$3,538$1,844$925$452$134

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 $4,947 every year, while hoping to spend $58,227 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: 85/5/10 Blend
56$6,600,000$6,600,000$6,600,000$6,600,000
57$7,278,303$6,928,503$6,826,203$7,886,002
58$7,958,737$7,206,046$6,992,928$8,561,355
59$8,706,623$7,495,238$7,163,286$9,294,856
60$9,528,781$7,796,587$7,337,339$10,098,952
61$10,432,723$8,110,626$7,515,145$10,980,714
62$11,426,725$8,437,911$7,696,767$11,947,930
63$12,519,906$8,779,023$7,882,264$13,009,179
64$13,722,312$9,134,571$8,071,695$14,173,910
65$15,045,013$9,505,191$8,265,123$15,452,532
66$16,500,205$9,891,546$8,462,605$16,856,508
67$18,101,326$10,294,331$8,664,202$18,398,471
68$19,863,181$10,714,273$8,869,972$20,092,331
69$21,802,084$11,152,131$9,079,975$21,953,417
70$23,936,010$11,608,699$9,294,268$23,998,614
71$26,284,765$12,084,808$9,512,908$26,246,523
72$28,870,173$12,581,325$9,735,952$28,717,639
73$31,716,280$13,099,159$9,963,455$31,434,538
74$34,849,582$13,639,259$10,195,473$34,422,097
75$38,299,275$14,202,619$10,432,057$37,707,721
76$42,097,531$14,790,277$10,673,261$41,321,604
77$46,279,799$15,403,320$10,919,134$45,297,014
78$50,885,139$16,042,884$11,169,727$49,670,606
79$55,956,596$16,710,158$11,425,085$54,482,765
80$61,541,598$17,406,385$11,685,255$59,777,989
81$67,692,410$18,132,867$11,950,280$65,605,305
82$74,466,622$18,890,963$12,220,200$72,018,736
83$81,927,695$19,682,098$12,495,054$79,077,805
84$90,145,560$20,507,761$12,774,879$86,848,097
85$99,197,277$21,369,511$13,059,707$95,401,880
86$109,167,760$22,268,978$13,349,568$104,818,783
87$120,150,582$23,207,868$13,644,489$115,186,547
88$132,248,854$24,187,967$13,944,493$126,601,854
89$145,576,202$25,211,142$14,249,598$139,171,237
90$160,257,836$26,279,349$14,559,820$153,012,084
91$176,431,731$27,394,633$14,875,170$168,253,747
92$194,249,933$28,559,135$15,195,654$185,038,759
93$213,879,989$29,775,096$15,521,271$203,524,181
94$235,506,533$31,044,861$15,852,019$223,883,081
95$259,333,024$32,370,884$16,187,887$246,306,169
96$285,583,670$33,755,735$16,528,858$271,003,592
97$314,505,539$35,202,101$16,874,910$298,206,920
98$346,370,898$36,712,797$17,226,013$328,171,329
99$381,479,776$38,290,771$17,582,130$361,178,008
100$420,162,799$39,939,105$17,943,218$397,536,814