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%19.5%
1 years$569,796$564,720$559,768$554,935$550,216$529,221
2 years$282,077$276,824$271,732$266,796$262,007$241,103
3 years$186,183$180,907$175,829$170,939$166,228$146,072
4 years$138,246$132,986$127,958$123,152$118,555$99,300
5 years$109,491$104,263$99,301$94,592$90,124$71,820
6 years$90,327$85,138$80,250$75,646$71,312$53,971
7 years$76,644$71,499$66,688$62,193$57,996$41,613
8 years$66,387$61,288$56,557$52,172$48,113$32,673
9 years$58,413$53,362$48,712$44,439$40,518$25,998
10 years$52,037$47,036$42,468$38,307$34,524$20,897
11 years$46,825$41,873$37,389$33,338$29,691$16,927
12 years$42,484$37,583$33,181$29,242$25,730$13,796
13 years$38,814$33,964$29,645$25,817$22,437$11,298
14 years$35,670$30,873$26,637$22,917$19,668$9,289
15 years$32,949$28,203$24,049$20,438$17,317$7,660
16 years$30,570$25,875$21,804$18,300$15,305$6,334
17 years$28,473$23,830$19,841$16,442$13,571$5,248
18 years$26,611$22,020$18,112$14,818$12,066$4,355
19 years$24,947$20,408$16,581$13,389$10,755$3,620
20 years$23,451$18,964$15,217$12,127$9,607$3,012
21 years$22,099$17,665$13,997$11,006$8,597$2,508
22 years$20,872$16,489$12,900$10,007$7,706$2,091
23 years$19,754$15,422$11,911$9,113$6,917$1,744
24 years$18,730$14,449$11,016$8,312$6,217$1,455
25 years$17,789$13,560$10,203$7,591$5,595$1,215
26 years$16,922$12,744$9,463$6,941$5,039$1,015
27 years$16,121$11,994$8,787$6,353$4,543$848
28 years$15,379$11,302$8,168$5,821$4,100$709
29 years$14,688$10,662$7,601$5,338$3,702$592
30 years$14,045$10,069$7,080$4,899$3,345$495
31 years$13,445$9,519$6,601$4,499$3,024$414
32 years$12,883$9,006$6,159$4,135$2,736$346
33 years$12,357$8,529$5,750$3,802$2,476$290
34 years$11,862$8,084$5,373$3,498$2,241$242
35 years$11,397$7,667$5,023$3,220$2,030$203
36 years$10,959$7,277$4,699$2,966$1,839$169
37 years$10,545$6,912$4,398$2,733$1,667$142
38 years$10,154$6,569$4,119$2,519$1,511$119
39 years$9,784$6,246$3,859$2,322$1,371$99
40 years$9,433$5,943$3,617$2,142$1,243$83
41 years$9,101$5,657$3,392$1,976$1,128$69
42 years$8,785$5,388$3,181$1,824$1,023$58
43 years$8,484$5,133$2,985$1,684$929$49
44 years$8,198$4,893$2,802$1,555$843$41
45 years$7,926$4,666$2,631$1,436$765$34
46 years$7,666$4,451$2,471$1,326$695$29
47 years$7,418$4,248$2,322$1,225$631$24
48 years$7,180$4,055$2,182$1,132$573$20
49 years$6,954$3,872$2,051$1,046$520$17
50 years$6,737$3,699$1,928$967$473$14

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 $5,869 every year, while hoping to spend $25,748 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: 65/5/30 Blend
56$6,900,000$6,900,000$6,900,000$6,900,000
57$7,609,854$7,244,154$7,137,204$8,043,307
58$8,358,663$7,571,722$7,348,905$8,665,134
59$9,182,988$7,914,477$7,566,834$9,341,213
60$10,090,504$8,273,138$7,791,174$10,079,705
61$11,089,669$8,648,455$8,022,112$10,886,766
62$12,189,801$9,041,215$8,259,838$11,769,173
63$13,401,170$9,452,244$8,504,552$12,734,385
64$14,735,090$9,882,405$8,756,456$13,790,617
65$16,204,031$10,332,604$9,015,759$14,946,911
66$17,821,732$10,803,792$9,282,676$16,213,226
67$19,603,332$11,296,961$9,557,430$17,600,527
68$21,565,515$11,813,155$9,840,246$19,120,890
69$23,726,664$12,353,466$10,131,361$20,787,613
70$26,107,035$12,919,038$10,431,013$22,615,341
71$28,728,953$13,511,071$10,739,452$24,620,203
72$31,617,015$14,130,822$11,056,933$26,819,964
73$34,798,327$14,779,609$11,383,717$29,234,191
74$38,302,759$15,458,812$11,720,073$31,884,435
75$42,163,225$16,169,878$12,066,281$34,794,436
76$46,415,997$16,914,325$12,422,624$37,990,342
77$51,101,044$17,693,742$12,789,397$41,500,958
78$56,262,409$18,509,795$13,166,901$45,358,014
79$61,948,629$19,364,229$13,555,446$49,596,464
80$68,213,189$20,258,875$13,955,353$54,254,813
81$75,115,026$21,195,652$14,366,949$59,375,483
82$82,719,089$22,176,570$14,790,573$65,005,206
83$91,096,951$23,203,736$15,226,571$71,195,468
84$100,327,480$24,279,360$15,675,302$78,002,989
85$110,497,591$25,405,756$16,137,132$85,490,262
86$121,703,059$26,585,352$16,612,440$93,726,135
87$134,049,429$27,820,692$17,101,614$102,786,463
88$147,653,006$29,114,442$17,605,055$112,754,822
89$162,641,961$30,469,398$18,123,172$123,723,292
90$179,157,532$31,888,489$18,656,389$135,793,329
91$197,355,363$33,374,788$19,205,141$149,076,716
92$217,406,972$34,931,514$19,769,875$163,696,618
93$239,501,367$36,562,042$20,351,050$179,788,743
94$263,846,836$38,269,911$20,949,139$197,502,619
95$290,672,906$40,058,831$21,564,629$217,003,003
96$320,232,518$41,932,688$22,198,019$238,471,433
97$352,804,405$43,895,560$22,849,823$262,107,941
98$388,695,732$45,951,721$23,520,570$288,132,938
99$428,244,991$48,105,649$24,210,803$316,789,287
100$471,825,197$50,362,042$24,921,081$348,344,600