Can I retire at age 57 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$553,280$548,351$543,543$538,850$534,267$530,234
2 years$273,901$268,800$263,856$259,063$254,413$250,347
3 years$180,787$175,664$170,732$165,984$161,410$157,436
4 years$134,239$129,131$124,249$119,582$115,119$111,269
5 years$106,317$101,241$96,423$91,850$87,512$83,796
6 years$87,709$82,671$77,924$73,454$69,245$65,669
7 years$74,423$69,427$64,755$60,390$56,315$52,880
8 years$64,463$59,511$54,917$50,660$46,718$43,425
9 years$56,720$51,815$47,300$43,151$39,344$36,191
10 years$50,529$45,673$41,238$37,197$33,523$30,508
11 years$45,467$40,660$36,305$32,372$28,831$25,953
12 years$41,252$36,494$32,220$28,395$24,984$22,240
13 years$37,689$32,980$28,786$25,068$21,787$19,173
14 years$34,636$29,978$25,864$22,253$19,098$16,612
15 years$31,994$27,385$23,352$19,846$16,815$14,454
16 years$29,684$25,125$21,172$17,770$14,862$12,621
17 years$27,647$23,140$19,266$15,966$13,177$11,053
18 years$25,839$21,382$17,587$14,388$11,717$9,706
19 years$24,224$19,817$16,100$13,001$10,443$8,541
20 years$22,771$18,415$14,776$11,775$9,328$7,531
21 years$21,459$17,152$13,591$10,687$8,348$6,652
22 years$20,267$16,011$12,526$9,717$7,482$5,884
23 years$19,181$14,975$11,566$8,849$6,717$5,211
24 years$18,187$14,031$10,696$8,071$6,037$4,621
25 years$17,274$13,167$9,907$7,371$5,432$4,101
26 years$16,432$12,375$9,188$6,739$4,893$3,643
27 years$15,654$11,646$8,532$6,169$4,412$3,238
28 years$14,933$10,974$7,932$5,652$3,981$2,881
29 years$14,263$10,353$7,381$5,183$3,595$2,564
30 years$13,638$9,777$6,875$4,757$3,248$2,284
31 years$13,055$9,243$6,410$4,369$2,936$2,035
32 years$12,510$8,745$5,980$4,015$2,656$1,814
33 years$11,999$8,282$5,584$3,692$2,404$1,618
34 years$11,519$7,850$5,217$3,397$2,176$1,443
35 years$11,067$7,445$4,878$3,127$1,971$1,287
36 years$10,641$7,067$4,563$2,880$1,786$1,149
37 years$10,239$6,712$4,271$2,654$1,619$1,026
38 years$9,860$6,378$3,999$2,446$1,468$916
39 years$9,500$6,065$3,747$2,255$1,331$818
40 years$9,160$5,771$3,512$2,080$1,207$731
41 years$8,837$5,493$3,293$1,919$1,095$653
42 years$8,530$5,231$3,089$1,771$994$583
43 years$8,238$4,984$2,899$1,635$902$521
44 years$7,961$4,751$2,721$1,510$819$466
45 years$7,696$4,531$2,555$1,394$743$416
46 years$7,444$4,322$2,400$1,288$675$372
47 years$7,203$4,125$2,254$1,190$613$333
48 years$6,972$3,938$2,119$1,099$556$297
49 years$6,752$3,760$1,991$1,016$505$266
50 years$6,542$3,592$1,872$939$459$238

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,700,000, adding $3,128 every year, while hoping to spend $53,041 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: 51/19/30 Blend
56$6,700,000$6,700,000$6,700,000$6,700,000
57$7,386,627$7,031,527$6,927,677$7,700,581
58$8,083,627$7,319,636$7,103,318$8,208,449
59$8,849,944$7,620,085$7,283,067$8,754,875
60$9,692,592$7,933,423$7,467,003$9,348,071
61$10,619,298$8,260,223$7,655,209$9,992,522
62$11,638,578$8,601,084$7,847,770$10,693,157
63$12,759,811$8,956,636$8,044,768$11,455,400
64$13,993,334$9,327,533$8,246,291$12,285,219
65$15,350,535$9,714,464$8,452,422$13,189,176
66$16,843,962$10,118,145$8,663,251$14,174,495
67$18,487,440$10,539,328$8,878,864$15,249,122
68$20,296,203$10,978,799$9,099,350$16,421,803
69$22,287,036$11,437,380$9,324,798$17,702,164
70$24,478,433$11,915,931$9,555,298$19,100,798
71$26,890,773$12,415,352$9,790,941$20,629,366
72$29,546,512$12,936,584$10,031,817$22,300,705
73$32,470,391$13,480,612$10,278,018$24,128,944
74$35,689,676$14,048,466$10,529,637$26,129,642
75$39,234,408$14,641,226$10,786,764$28,319,926
76$43,137,690$15,260,019$11,049,494$30,718,655
77$47,436,001$15,906,026$11,317,918$33,346,593
78$52,169,534$16,580,483$11,592,130$36,226,608
79$57,382,583$17,284,683$11,872,222$39,383,878
80$63,123,952$18,019,978$12,158,287$42,846,132
81$69,447,425$18,787,786$12,450,419$46,643,909
82$76,412,263$19,589,589$12,748,710$50,810,839
83$84,083,773$20,426,938$13,053,251$55,383,963
84$92,533,917$21,301,457$13,364,133$60,404,078
85$101,841,994$22,214,846$13,681,449$65,916,119
86$112,095,388$23,168,884$14,005,288$71,969,580
87$123,390,392$24,165,433$14,335,740$78,618,979
88$135,833,116$25,206,444$14,672,891$85,924,368
89$149,540,490$26,293,956$15,016,829$93,951,899
90$164,641,367$27,430,107$15,367,640$102,774,441
91$181,277,738$28,617,133$15,725,407$112,472,268
92$199,606,071$29,857,377$16,090,213$123,133,812
93$219,798,792$31,153,289$16,462,136$134,856,492
94$242,045,906$32,507,438$16,841,255$147,747,632
95$266,556,797$33,922,511$17,227,645$161,925,469
96$293,562,198$35,401,322$17,621,379$177,520,263
97$323,316,373$36,946,817$18,022,526$194,675,525
98$356,099,515$38,562,083$18,431,153$213,549,365
99$392,220,391$40,250,351$18,847,322$234,315,981
100$432,019,256$42,015,004$19,271,093$257,167,295