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

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$569,796$564,720$559,768$554,935$550,216$545,150
2 years$282,077$276,824$271,732$266,796$262,007$256,904
3 years$186,183$180,907$175,829$170,939$166,228$161,245
4 years$138,246$132,986$127,958$123,152$118,555$113,731
5 years$109,491$104,263$99,301$94,592$90,124$85,472
6 years$90,327$85,138$80,250$75,646$71,312$66,838
7 years$76,644$71,499$66,688$62,193$57,996$53,702
8 years$66,387$61,288$56,557$52,172$48,113$44,000
9 years$58,413$53,362$48,712$44,439$40,518$36,584
10 years$52,037$47,036$42,468$38,307$34,524$30,766
11 years$46,825$41,873$37,389$33,338$29,691$26,107
12 years$42,484$37,583$33,181$29,242$25,730$22,316
13 years$38,814$33,964$29,645$25,817$22,437$19,189
14 years$35,670$30,873$26,637$22,917$19,668$16,583
15 years$32,949$28,203$24,049$20,438$17,317$14,389
16 years$30,570$25,875$21,804$18,300$15,305$12,530
17 years$28,473$23,830$19,841$16,442$13,571$10,943
18 years$26,611$22,020$18,112$14,818$12,066$9,582
19 years$24,947$20,408$16,581$13,389$10,755$8,408
20 years$23,451$18,964$15,217$12,127$9,607$7,393
21 years$22,099$17,665$13,997$11,006$8,597$6,510
22 years$20,872$16,489$12,900$10,007$7,706$5,741
23 years$19,754$15,422$11,911$9,113$6,917$5,069
24 years$18,730$14,449$11,016$8,312$6,217$4,481
25 years$17,789$13,560$10,203$7,591$5,595$3,965
26 years$16,922$12,744$9,463$6,941$5,039$3,511
27 years$16,121$11,994$8,787$6,353$4,543$3,111
28 years$15,379$11,302$8,168$5,821$4,100$2,759
29 years$14,688$10,662$7,601$5,338$3,702$2,448
30 years$14,045$10,069$7,080$4,899$3,345$2,173
31 years$13,445$9,519$6,601$4,499$3,024$1,930
32 years$12,883$9,006$6,159$4,135$2,736$1,715
33 years$12,357$8,529$5,750$3,802$2,476$1,524
34 years$11,862$8,084$5,373$3,498$2,241$1,355
35 years$11,397$7,667$5,023$3,220$2,030$1,205
36 years$10,959$7,277$4,699$2,966$1,839$1,072
37 years$10,545$6,912$4,398$2,733$1,667$954
38 years$10,154$6,569$4,119$2,519$1,511$849
39 years$9,784$6,246$3,859$2,322$1,371$755
40 years$9,433$5,943$3,617$2,142$1,243$672
41 years$9,101$5,657$3,392$1,976$1,128$598
42 years$8,785$5,388$3,181$1,824$1,023$533
43 years$8,484$5,133$2,985$1,684$929$475
44 years$8,198$4,893$2,802$1,555$843$423
45 years$7,926$4,666$2,631$1,436$765$376
46 years$7,666$4,451$2,471$1,326$695$335
47 years$7,418$4,248$2,322$1,225$631$299
48 years$7,180$4,055$2,182$1,132$573$266
49 years$6,954$3,872$2,051$1,046$520$237
50 years$6,737$3,699$1,928$967$473$211

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 $3,471 every year, while hoping to spend $50,101 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: 73/17/10 Blend
56$6,900,000$6,900,000$6,900,000$6,900,000
57$7,607,380$7,241,680$7,134,730$8,148,308
58$8,330,026$7,543,216$7,320,437$8,807,513
59$9,124,702$7,857,847$7,510,685$9,522,714
60$9,998,704$8,186,163$7,705,575$10,304,653
61$10,960,067$8,528,780$7,905,207$11,159,915
62$12,017,646$8,886,343$8,109,683$12,095,751
63$13,181,197$9,259,525$8,319,109$13,120,138
64$14,461,469$9,649,032$8,533,589$14,241,863
65$15,870,307$10,055,602$8,753,232$15,470,594
66$17,420,759$10,480,008$8,978,147$16,816,980
67$19,127,206$10,923,058$9,208,444$18,292,744
68$21,005,491$11,385,597$9,444,237$19,910,794
69$23,073,071$11,868,511$9,685,638$21,685,344
70$25,349,182$12,372,726$9,932,765$23,632,045
71$27,855,020$12,899,211$10,185,735$25,768,134
72$30,613,941$13,448,981$10,444,665$28,112,592
73$33,651,679$14,023,098$10,709,678$30,686,326
74$36,996,593$14,622,672$10,980,895$33,512,358
75$40,679,930$15,248,868$11,258,440$36,616,047
76$44,736,123$15,902,902$11,542,437$40,025,322
77$49,203,113$16,586,049$11,833,014$43,770,946
78$54,122,708$17,299,644$12,130,298$47,886,804
79$59,540,980$18,045,082$12,434,419$52,410,221
80$65,508,695$18,823,826$12,745,507$57,382,311
81$72,081,795$19,637,407$13,063,694$62,848,363
82$79,321,924$20,487,426$13,389,114$68,858,269
83$87,297,012$21,375,561$13,721,901$75,466,987
84$96,081,913$22,303,569$14,062,190$82,735,063
85$105,759,112$23,273,288$14,410,118$90,729,195
86$116,419,507$24,286,645$14,765,822$99,522,864
87$128,163,260$25,345,654$15,129,440$109,197,022
88$141,100,748$26,452,426$15,501,112$119,840,852
89$155,353,602$27,609,173$15,880,977$131,552,612
90$171,055,856$28,818,209$16,269,176$144,440,553
91$188,355,210$30,081,957$16,665,850$158,623,941
92$207,414,424$31,402,957$17,071,139$174,234,180
93$228,412,859$32,783,865$17,485,186$191,416,045
94$251,548,162$34,227,466$17,908,131$210,329,048
95$277,038,138$35,736,674$18,340,116$231,148,938
96$305,122,801$37,314,545$18,781,283$254,069,358
97$336,066,642$38,964,273$19,231,772$279,303,666
98$370,161,128$40,689,211$19,691,725$307,086,944
99$407,727,445$42,492,864$20,161,279$337,678,218
100$449,119,537$44,378,907$20,640,575$371,362,890