Can I retire at age 57 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$561,538$556,536$551,656$546,893$542,242$521,552
2 years$277,989$272,812$267,794$262,929$258,210$237,609
3 years$183,485$178,285$173,280$168,461$163,819$143,955
4 years$136,242$131,059$126,104$121,367$116,837$97,861
5 years$107,904$102,752$97,862$93,221$88,818$70,779
6 years$89,018$83,904$79,087$74,550$70,279$53,189
7 years$75,534$70,463$65,722$61,292$57,155$41,010
8 years$65,425$60,400$55,737$51,416$47,416$32,199
9 years$57,566$52,589$48,006$43,795$39,931$25,621
10 years$51,283$46,354$41,853$37,752$34,023$20,594
11 years$46,146$41,267$36,847$32,855$29,261$16,682
12 years$41,868$37,039$32,701$28,819$25,357$13,596
13 years$38,251$33,472$29,216$25,442$22,112$11,134
14 years$35,153$30,425$26,250$22,585$19,383$9,154
15 years$32,471$27,794$23,701$20,142$17,066$7,549
16 years$30,127$25,500$21,488$18,035$15,083$6,242
17 years$28,060$23,485$19,553$16,204$13,374$5,172
18 years$26,225$21,701$17,850$14,603$11,891$4,292
19 years$24,585$20,112$16,341$13,195$10,599$3,567
20 years$23,111$18,689$14,997$11,951$9,467$2,968
21 years$21,779$17,408$13,794$10,846$8,472$2,472
22 years$20,570$16,250$12,713$9,862$7,594$2,060
23 years$19,467$15,198$11,738$8,981$6,817$1,718
24 years$18,458$14,240$10,856$8,191$6,127$1,434
25 years$17,531$13,364$10,055$7,481$5,514$1,197
26 years$16,677$12,560$9,325$6,840$4,966$1,000
27 years$15,888$11,820$8,659$6,261$4,478$836
28 years$15,156$11,138$8,050$5,736$4,040$698
29 years$14,476$10,507$7,491$5,260$3,648$584
30 years$13,842$9,923$6,978$4,828$3,296$488
31 years$13,250$9,381$6,505$4,434$2,980$408
32 years$12,697$8,876$6,070$4,075$2,696$341
33 years$12,178$8,406$5,667$3,747$2,440$285
34 years$11,690$7,967$5,295$3,448$2,209$239
35 years$11,232$7,556$4,950$3,174$2,001$200
36 years$10,800$7,172$4,631$2,923$1,813$167
37 years$10,392$6,812$4,335$2,693$1,643$140
38 years$10,007$6,474$4,059$2,482$1,489$117
39 years$9,642$6,156$3,803$2,289$1,351$98
40 years$9,297$5,857$3,565$2,111$1,225$82
41 years$8,969$5,575$3,342$1,948$1,111$68
42 years$8,657$5,309$3,135$1,798$1,009$57
43 years$8,361$5,059$2,942$1,659$915$48
44 years$8,079$4,822$2,762$1,532$831$40
45 years$7,811$4,598$2,593$1,415$754$34
46 years$7,555$4,387$2,435$1,307$685$28
47 years$7,310$4,186$2,288$1,208$622$24
48 years$7,076$3,996$2,150$1,116$565$20
49 years$6,853$3,816$2,021$1,031$513$16
50 years$6,639$3,645$1,900$953$466$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,800,000, adding $2,195 every year, while hoping to spend $42,685 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: 51/36/13 Blend
56$6,800,000$6,800,000$6,800,000$6,800,000
57$7,495,864$7,135,464$7,030,064$7,851,819
58$8,215,026$7,439,685$7,220,155$8,399,957
59$9,006,111$7,757,383$7,415,183$8,990,847
60$9,876,412$8,089,172$7,615,269$9,632,262
61$10,833,961$8,435,696$7,820,535$10,328,976
62$11,887,610$8,797,630$8,031,108$11,086,237
63$13,047,111$9,175,679$8,247,115$11,909,808
64$14,323,211$9,570,582$8,468,689$12,806,026
65$15,727,750$9,983,113$8,695,961$13,781,855
66$17,273,775$10,414,079$8,929,070$14,844,953
67$18,975,661$10,864,329$9,168,154$16,003,737
68$20,849,247$11,334,751$9,413,357$17,267,465
69$22,911,989$11,826,272$9,664,823$18,646,315
70$25,183,118$12,339,866$9,922,700$20,151,484
71$27,683,827$12,876,550$10,187,141$21,795,289
72$30,437,466$13,437,390$10,458,300$23,591,275
73$33,469,769$14,023,503$10,736,334$25,554,348
74$36,809,088$14,636,058$11,021,404$27,700,907
75$40,486,669$15,276,278$11,313,675$30,048,995
76$44,536,938$15,945,445$11,613,312$32,618,469
77$48,997,835$16,644,901$11,920,487$35,431,180
78$53,911,164$17,376,051$12,235,374$38,511,179
79$59,322,993$18,140,368$12,558,149$41,884,935
80$65,284,085$18,939,392$12,888,993$45,581,584
81$71,850,377$19,774,738$13,228,090$49,633,201
82$79,083,512$20,648,096$13,575,627$54,075,092
83$87,051,414$21,561,238$13,931,795$58,946,127
84$95,828,937$22,516,016$14,296,789$64,289,102
85$105,498,563$23,514,375$14,670,805$70,151,133
86$116,151,185$24,558,348$15,054,046$76,584,101
87$127,886,965$25,650,067$15,446,716$83,645,130
88$140,816,279$26,791,763$15,849,024$91,397,125
89$155,060,755$27,985,775$16,261,182$99,909,356
90$170,754,425$29,234,552$16,683,405$109,258,106
91$188,044,991$30,540,659$17,115,913$119,527,383
92$207,095,213$31,906,784$17,558,929$130,809,709
93$228,084,451$33,335,743$18,012,680$143,206,980
94$251,210,356$34,830,485$18,477,395$156,831,425
95$276,690,733$36,394,100$18,953,309$171,806,656
96$304,765,602$38,029,825$19,440,659$188,268,820
97$335,699,459$39,741,052$19,939,686$206,367,885
98$369,783,773$41,531,333$20,450,636$226,269,037
99$407,339,741$43,404,392$20,973,756$248,154,234
100$448,721,316$45,364,129$21,509,297$272,223,912