Can I retire at age 57 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$569,796$564,720$559,768$554,935$550,216$542,890
2 years$282,077$276,824$271,732$266,796$262,007$254,639
3 years$186,183$180,907$175,829$170,939$166,228$159,046
4 years$138,246$132,986$127,958$123,152$118,555$111,614
5 years$109,491$104,263$99,301$94,592$90,124$83,444
6 years$90,327$85,138$80,250$75,646$71,312$64,901
7 years$76,644$71,499$66,688$62,193$57,996$51,857
8 years$66,387$61,288$56,557$52,172$48,113$42,245
9 years$58,413$53,362$48,712$44,439$40,518$34,919
10 years$52,037$47,036$42,468$38,307$34,524$29,188
11 years$46,825$41,873$37,389$33,338$29,691$24,616
12 years$42,484$37,583$33,181$29,242$25,730$20,908
13 years$38,814$33,964$29,645$25,817$22,437$17,862
14 years$35,670$30,873$26,637$22,917$19,668$15,334
15 years$32,949$28,203$24,049$20,438$17,317$13,216
16 years$30,570$25,875$21,804$18,300$15,305$11,429
17 years$28,473$23,830$19,841$16,442$13,571$9,912
18 years$26,611$22,020$18,112$14,818$12,066$8,617
19 years$24,947$20,408$16,581$13,389$10,755$7,507
20 years$23,451$18,964$15,217$12,127$9,607$6,552
21 years$22,099$17,665$13,997$11,006$8,597$5,727
22 years$20,872$16,489$12,900$10,007$7,706$5,012
23 years$19,754$15,422$11,911$9,113$6,917$4,392
24 years$18,730$14,449$11,016$8,312$6,217$3,852
25 years$17,789$13,560$10,203$7,591$5,595$3,382
26 years$16,922$12,744$9,463$6,941$5,039$2,971
27 years$16,121$11,994$8,787$6,353$4,543$2,612
28 years$15,379$11,302$8,168$5,821$4,100$2,298
29 years$14,688$10,662$7,601$5,338$3,702$2,022
30 years$14,045$10,069$7,080$4,899$3,345$1,781
31 years$13,445$9,519$6,601$4,499$3,024$1,568
32 years$12,883$9,006$6,159$4,135$2,736$1,382
33 years$12,357$8,529$5,750$3,802$2,476$1,218
34 years$11,862$8,084$5,373$3,498$2,241$1,074
35 years$11,397$7,667$5,023$3,220$2,030$947
36 years$10,959$7,277$4,699$2,966$1,839$835
37 years$10,545$6,912$4,398$2,733$1,667$737
38 years$10,154$6,569$4,119$2,519$1,511$650
39 years$9,784$6,246$3,859$2,322$1,371$574
40 years$9,433$5,943$3,617$2,142$1,243$506
41 years$9,101$5,657$3,392$1,976$1,128$447
42 years$8,785$5,388$3,181$1,824$1,023$395
43 years$8,484$5,133$2,985$1,684$929$348
44 years$8,198$4,893$2,802$1,555$843$308
45 years$7,926$4,666$2,631$1,436$765$272
46 years$7,666$4,451$2,471$1,326$695$240
47 years$7,418$4,248$2,322$1,225$631$212
48 years$7,180$4,055$2,182$1,132$573$187
49 years$6,954$3,872$2,051$1,046$520$165
50 years$6,737$3,699$1,928$967$473$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,900,000, adding $3,809 every year, while hoping to spend $36,633 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: 66/29/5 Blend
56$6,900,000$6,900,000$6,900,000$6,900,000
57$7,607,729$7,242,029$7,135,079$8,104,729
58$8,344,740$7,557,911$7,335,127$8,750,774
59$9,155,699$7,888,044$7,540,649$9,451,753
60$10,048,108$8,233,086$7,751,789$10,216,802
61$11,030,238$8,593,730$7,968,696$11,052,153
62$12,111,197$8,970,697$8,191,522$11,964,660
63$13,301,023$9,364,746$8,420,423$12,961,862
64$14,610,779$9,776,670$8,655,558$14,052,055
65$16,052,650$10,207,299$8,897,091$15,244,363
66$17,640,067$10,657,503$9,145,190$16,548,827
67$19,387,827$11,128,194$9,400,027$17,976,496
68$21,312,235$11,620,325$9,661,778$19,539,529
69$23,431,259$12,134,897$9,930,624$21,251,307
70$25,764,697$12,672,956$10,206,748$23,126,558
71$28,334,363$13,235,598$10,490,342$25,181,492
72$31,164,298$13,823,972$10,781,598$27,433,953
73$34,280,991$14,439,282$11,080,716$29,903,584
74$37,713,632$15,082,786$11,387,900$32,612,009
75$41,494,385$15,755,805$11,703,358$35,583,035
76$45,658,695$16,459,723$12,027,303$38,842,873
77$50,245,619$17,195,986$12,359,954$42,420,381
78$55,298,196$17,966,113$12,701,537$46,347,337
79$60,863,853$18,771,693$13,052,279$50,658,731
80$66,994,851$19,614,392$13,412,416$55,393,093
81$73,748,783$20,495,954$13,782,189$60,592,852
82$81,189,110$21,418,207$14,161,843$66,304,736
83$89,385,766$22,383,066$14,551,632$72,580,205
84$98,415,815$23,392,537$14,951,812$79,475,933
85$108,364,179$24,448,722$15,362,648$87,054,337
86$119,324,439$25,553,823$15,784,411$95,384,168
87$131,399,720$26,710,149$16,217,377$104,541,144
88$144,703,662$27,920,116$16,661,830$114,608,669
89$159,361,492$29,186,259$17,118,058$125,678,610
90$175,511,210$30,511,232$17,586,359$137,852,160
91$193,304,887$31,897,816$18,067,035$151,240,784
92$212,910,102$33,348,925$18,560,398$165,967,270
93$234,511,525$34,867,615$19,066,764$182,166,877
94$258,312,658$36,457,085$19,586,457$199,988,608
95$284,537,757$38,120,690$20,119,811$219,596,604
96$313,433,947$39,861,943$20,667,164$241,171,695
97$345,273,559$41,684,528$21,228,864$264,913,088
98$380,356,696$43,592,304$21,805,264$291,040,247
99$419,014,068$45,589,315$22,396,730$319,794,955
100$461,610,113$47,679,802$23,003,630$351,443,583