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%17.2%
1 years$561,538$556,536$551,656$546,893$542,242$526,360
2 years$277,989$272,812$267,794$262,929$258,210$242,339
3 years$183,485$178,285$173,280$168,461$163,819$148,455
4 years$136,242$131,059$126,104$121,367$116,837$102,098
5 years$107,904$102,752$97,862$93,221$88,818$74,744
6 years$89,018$83,904$79,087$74,550$70,279$56,883
7 years$75,534$70,463$65,722$61,292$57,155$44,437
8 years$65,425$60,400$55,737$51,416$47,416$35,368
9 years$57,566$52,589$48,006$43,795$39,931$28,541
10 years$51,283$46,354$41,853$37,752$34,023$23,276
11 years$46,146$41,267$36,847$32,855$29,261$19,138
12 years$41,868$37,039$32,701$28,819$25,357$15,838
13 years$38,251$33,472$29,216$25,442$22,112$13,175
14 years$35,153$30,425$26,250$22,585$19,383$11,007
15 years$32,471$27,794$23,701$20,142$17,066$9,227
16 years$30,127$25,500$21,488$18,035$15,083$7,757
17 years$28,060$23,485$19,553$16,204$13,374$6,536
18 years$26,225$21,701$17,850$14,603$11,891$5,518
19 years$24,585$20,112$16,341$13,195$10,599$4,667
20 years$23,111$18,689$14,997$11,951$9,467$3,952
21 years$21,779$17,408$13,794$10,846$8,472$3,351
22 years$20,570$16,250$12,713$9,862$7,594$2,843
23 years$19,467$15,198$11,738$8,981$6,817$2,415
24 years$18,458$14,240$10,856$8,191$6,127$2,053
25 years$17,531$13,364$10,055$7,481$5,514$1,745
26 years$16,677$12,560$9,325$6,840$4,966$1,485
27 years$15,888$11,820$8,659$6,261$4,478$1,264
28 years$15,156$11,138$8,050$5,736$4,040$1,076
29 years$14,476$10,507$7,491$5,260$3,648$917
30 years$13,842$9,923$6,978$4,828$3,296$781
31 years$13,250$9,381$6,505$4,434$2,980$666
32 years$12,697$8,876$6,070$4,075$2,696$567
33 years$12,178$8,406$5,667$3,747$2,440$484
34 years$11,690$7,967$5,295$3,448$2,209$412
35 years$11,232$7,556$4,950$3,174$2,001$352
36 years$10,800$7,172$4,631$2,923$1,813$300
37 years$10,392$6,812$4,335$2,693$1,643$256
38 years$10,007$6,474$4,059$2,482$1,489$218
39 years$9,642$6,156$3,803$2,289$1,351$186
40 years$9,297$5,857$3,565$2,111$1,225$159
41 years$8,969$5,575$3,342$1,948$1,111$135
42 years$8,657$5,309$3,135$1,798$1,009$115
43 years$8,361$5,059$2,942$1,659$915$98
44 years$8,079$4,822$2,762$1,532$831$84
45 years$7,811$4,598$2,593$1,415$754$72
46 years$7,555$4,387$2,435$1,307$685$61
47 years$7,310$4,186$2,288$1,208$622$52
48 years$7,076$3,996$2,150$1,116$565$45
49 years$6,853$3,816$2,021$1,031$513$38
50 years$6,639$3,645$1,900$953$466$32

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 $2,396 every year, while hoping to spend $24,664 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: 38/38/24 Blend
56$6,800,000$6,800,000$6,800,000$6,800,000
57$7,496,071$7,135,671$7,030,271$7,727,103
58$8,234,428$7,459,077$7,239,543$8,219,000
59$9,047,271$7,797,503$7,454,999$8,747,785
60$9,942,171$8,151,659$7,676,820$9,318,783
61$10,927,472$8,522,289$7,905,192$9,935,831
62$12,012,365$8,910,173$8,140,308$10,603,137
63$13,206,982$9,316,127$8,382,364$11,325,317
64$14,522,485$9,741,008$8,631,564$12,107,437
65$15,971,173$10,185,712$8,888,116$12,955,058
66$17,566,601$10,651,180$9,152,235$13,874,284
67$19,323,703$11,138,396$9,424,144$14,871,815
68$21,258,936$11,648,393$9,704,068$15,955,012
69$23,390,436$12,182,252$9,992,243$17,131,959
70$25,738,186$12,741,108$10,288,908$18,411,535
71$28,324,207$13,326,149$10,594,313$19,803,497
72$31,172,765$13,938,620$10,908,712$21,318,567
73$34,310,600$14,579,825$11,232,367$22,968,527
74$37,767,178$15,251,133$11,565,548$24,766,329
75$41,574,969$15,953,978$11,908,533$26,726,210
76$45,769,755$16,689,861$12,261,607$28,863,824
77$50,390,964$17,460,358$12,625,065$31,196,384
78$55,482,046$18,267,119$12,999,208$33,742,816
79$61,090,881$19,111,875$13,384,348$36,523,939
80$67,270,232$19,996,438$13,780,805$39,562,650
81$74,078,241$20,922,709$14,188,908$42,884,135
82$81,578,981$21,892,681$14,608,995$46,516,103
83$89,843,055$22,908,441$15,041,415$50,489,041
84$98,948,271$23,972,178$15,486,526$54,836,490
85$108,980,367$25,086,187$15,944,697$59,595,363
86$120,033,826$26,252,873$16,416,307$64,806,277
87$132,212,769$27,474,756$16,901,746$70,513,936
88$145,631,932$28,754,480$17,401,415$76,767,539
89$160,417,754$30,094,814$17,915,727$83,621,240
90$176,709,568$31,498,662$18,445,106$91,134,651
91$194,660,916$32,969,069$18,989,990$99,373,390
92$214,441,001$34,509,226$19,550,826$108,409,696
93$236,236,283$36,122,477$20,128,078$118,323,099
94$260,252,235$37,812,330$20,722,221$129,201,160
95$286,715,290$39,582,461$21,333,742$141,140,286
96$315,874,973$41,436,725$21,963,145$154,246,628
97$348,006,257$43,379,161$22,610,947$168,637,075
98$383,412,161$45,414,005$23,277,680$184,440,339
99$422,426,609$47,545,699$23,963,889$201,798,159
100$465,417,582$49,778,898$24,670,139$220,866,628