Can I retire at age 57 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$289,027$286,452$283,940$281,489$279,095$274,133
2 years$143,083$140,418$137,835$135,331$132,902$127,920
3 years$94,441$91,765$89,188$86,708$84,319$79,472
4 years$70,125$67,457$64,906$62,468$60,137$55,462
5 years$55,539$52,887$50,370$47,982$45,715$41,226
6 years$45,818$43,186$40,706$38,371$36,173$31,874
7 years$38,878$36,268$33,827$31,547$29,418$25,312
8 years$33,674$31,088$28,688$26,464$24,405$20,490
9 years$29,630$27,068$24,709$22,542$20,553$16,826
10 years$26,396$23,859$21,542$19,431$17,512$13,971
11 years$23,752$21,240$18,965$16,911$15,061$11,701
12 years$21,550$19,064$16,831$14,833$13,051$9,869
13 years$19,688$17,228$15,038$13,095$11,381$8,370
14 years$18,094$15,660$13,511$11,625$9,977$7,133
15 years$16,713$14,306$12,199$10,367$8,784$6,101
16 years$15,506$13,125$11,060$9,283$7,763$5,236
17 years$14,443$12,088$10,064$8,340$6,884$4,506
18 years$13,498$11,170$9,187$7,516$6,121$3,886
19 years$12,654$10,352$8,411$6,792$5,455$3,358
20 years$11,895$9,620$7,719$6,151$4,873$2,907
21 years$11,210$8,960$7,100$5,583$4,361$2,520
22 years$10,587$8,364$6,544$5,076$3,909$2,187
23 years$10,020$7,823$6,042$4,623$3,509$1,900
24 years$9,501$7,329$5,588$4,216$3,154$1,652
25 years$9,024$6,878$5,175$3,850$2,838$1,438
26 years$8,584$6,464$4,800$3,521$2,556$1,252
27 years$8,177$6,084$4,457$3,223$2,305$1,091
28 years$7,801$5,733$4,143$2,953$2,080$952
29 years$7,451$5,408$3,856$2,708$1,878$830
30 years$7,124$5,107$3,592$2,485$1,697$724
31 years$6,820$4,828$3,348$2,282$1,534$632
32 years$6,535$4,569$3,124$2,097$1,388$552
33 years$6,268$4,326$2,917$1,929$1,256$482
34 years$6,017$4,100$2,725$1,775$1,137$421
35 years$5,781$3,889$2,548$1,634$1,030$368
36 years$5,559$3,691$2,384$1,504$933$321
37 years$5,349$3,506$2,231$1,386$846$281
38 years$5,151$3,332$2,089$1,278$767$246
39 years$4,963$3,168$1,957$1,178$695$215
40 years$4,785$3,014$1,835$1,087$631$188
41 years$4,616$2,869$1,720$1,003$572$164
42 years$4,456$2,733$1,614$925$519$144
43 years$4,304$2,604$1,514$854$471$126
44 years$4,158$2,482$1,421$789$428$110
45 years$4,020$2,367$1,335$728$388$96
46 years$3,888$2,258$1,254$673$352$84
47 years$3,763$2,155$1,178$622$320$73
48 years$3,642$2,057$1,107$574$291$64
49 years$3,527$1,964$1,040$531$264$56
50 years$3,417$1,876$978$491$240$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $3,500,000, adding $2,751 every year, while hoping to spend $21,349 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: 35/47/18 Blend
56$3,500,000$3,500,000$3,500,000$3,500,000
57$3,859,838$3,674,338$3,620,088$3,973,559
58$4,230,826$3,831,665$3,718,645$4,214,206
59$4,638,939$3,995,986$3,819,789$4,471,493
60$5,087,943$4,167,620$3,923,584$4,748,651
61$5,581,983$4,346,904$4,030,093$5,047,457
62$6,125,629$4,534,187$4,139,386$5,369,861
63$6,723,918$4,729,836$4,251,530$5,717,996
64$7,382,397$4,934,237$4,366,596$6,094,207
65$8,107,179$5,147,792$4,484,654$6,501,063
66$8,904,999$5,370,922$4,605,778$6,941,382
67$9,783,280$5,604,069$4,730,042$7,418,259
68$10,750,200$5,847,693$4,857,524$7,935,091
69$11,814,770$6,102,280$4,988,301$8,495,606
70$12,986,919$6,368,334$5,122,452$9,103,899
71$14,277,590$6,646,388$5,260,059$9,764,465
72$15,698,838$6,936,995$5,401,205$10,482,245
73$17,263,949$7,240,737$5,545,975$11,262,666
74$18,987,562$7,558,223$5,694,455$12,111,689
75$20,885,808$7,890,091$5,846,734$13,035,868
76$22,976,463$8,237,008$6,002,902$14,042,405
77$25,279,115$8,599,674$6,163,052$15,139,216
78$27,815,347$8,978,820$6,327,276$16,335,005
79$30,608,944$9,375,214$6,495,672$17,639,342
80$33,686,115$9,789,659$6,668,336$19,062,751
81$37,075,743$10,222,996$6,845,369$20,616,804
82$40,809,652$10,676,106$7,026,872$22,314,229
83$44,922,914$11,149,912$7,212,950$24,169,028
84$49,454,175$11,645,382$7,403,707$26,196,604
85$54,446,022$12,163,527$7,599,253$28,413,902
86$59,945,384$12,705,407$7,799,696$30,839,564
87$66,003,976$13,272,135$8,005,148$33,494,108
88$72,678,785$13,864,874$8,215,725$36,400,107
89$80,032,611$14,484,842$8,431,541$39,582,407
90$88,134,655$15,133,317$8,652,716$43,068,349
91$97,061,178$15,811,638$8,879,370$46,888,031
92$106,896,215$16,521,205$9,111,625$51,074,578
93$117,732,372$17,263,487$9,349,607$55,664,455
94$129,671,698$18,040,022$9,593,443$60,697,807
95$142,826,649$18,852,421$9,843,262$66,218,824
96$157,321,152$19,702,375$10,099,196$72,276,164
97$173,291,769$20,591,650$10,361,379$78,923,395
98$190,888,991$21,522,102$10,629,946$86,219,501
99$210,278,655$22,495,672$10,905,036$94,229,429
100$231,643,513$23,514,395$11,186,790$103,024,696