Can I retire at age 57 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$305,543$302,821$300,166$297,574$295,043$289,086
2 years$151,259$148,442$145,711$143,064$140,497$134,521
3 years$99,837$97,008$94,285$91,663$89,137$83,329
4 years$74,132$71,311$68,615$66,038$63,573$57,978
5 years$58,713$55,909$53,248$50,723$48,327$42,961
6 years$48,436$45,654$43,033$40,564$38,240$33,108
7 years$41,099$38,340$35,760$33,350$31,099$26,203
8 years$35,599$32,864$30,328$27,976$25,800$21,137
9 years$31,323$28,614$26,121$23,830$21,727$17,296
10 years$27,904$25,222$22,773$20,541$18,513$14,308
11 years$25,109$22,454$20,049$17,877$15,921$11,938
12 years$22,781$20,153$17,793$15,681$13,797$10,030
13 years$20,813$18,213$15,897$13,844$12,031$8,473
14 years$19,128$16,555$14,283$12,289$10,547$7,191
15 years$17,668$15,123$12,896$10,960$9,286$6,126
16 years$16,392$13,875$11,692$9,813$8,207$5,235
17 years$15,268$12,779$10,639$8,817$7,277$4,485
18 years$14,269$11,808$9,712$7,946$6,470$3,852
19 years$13,377$10,944$8,891$7,180$5,767$3,314
20 years$12,575$10,169$8,160$6,503$5,151$2,856
21 years$11,850$9,472$7,506$5,902$4,610$2,464
22 years$11,192$8,842$6,917$5,366$4,132$2,129
23 years$10,593$8,270$6,387$4,887$3,709$1,841
24 years$10,044$7,748$5,907$4,457$3,334$1,593
25 years$9,539$7,271$5,471$4,070$3,000$1,380
26 years$9,074$6,834$5,074$3,722$2,702$1,196
27 years$8,645$6,431$4,712$3,407$2,436$1,037
28 years$8,246$6,060$4,380$3,121$2,198$900
29 years$7,876$5,717$4,076$2,862$1,985$781
30 years$7,532$5,399$3,797$2,627$1,794$678
31 years$7,210$5,104$3,540$2,413$1,622$589
32 years$6,909$4,830$3,303$2,217$1,467$512
33 years$6,626$4,574$3,084$2,039$1,328$445
34 years$6,361$4,335$2,881$1,876$1,202$387
35 years$6,112$4,111$2,694$1,727$1,089$336
36 years$5,876$3,902$2,520$1,590$986$292
37 years$5,655$3,706$2,359$1,465$894$254
38 years$5,445$3,522$2,209$1,351$810$221
39 years$5,247$3,349$2,069$1,245$735$192
40 years$5,058$3,187$1,940$1,149$667$167
41 years$4,880$3,033$1,819$1,060$605$145
42 years$4,711$2,889$1,706$978$549$126
43 years$4,550$2,753$1,601$903$498$110
44 years$4,396$2,624$1,503$834$452$96
45 years$4,250$2,502$1,411$770$410$83
46 years$4,111$2,387$1,325$711$373$72
47 years$3,978$2,278$1,245$657$338$63
48 years$3,850$2,174$1,170$607$307$55
49 years$3,729$2,076$1,100$561$279$48
50 years$3,612$1,984$1,034$519$253$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $3,700,000, adding $4,584 every year, while hoping to spend $33,726 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: 45/47/8 Blend
56$3,700,000$3,700,000$3,700,000$3,700,000
57$4,082,128$3,886,028$3,828,678$4,256,473
58$4,462,621$4,040,560$3,921,055$4,531,893
59$4,880,794$4,201,532$4,015,396$4,826,511
60$5,340,455$4,369,227$4,111,731$5,145,183
61$5,845,798$4,543,936$4,210,091$5,490,138
62$6,401,445$4,725,965$4,310,505$5,863,821
63$7,012,489$4,915,634$4,413,004$6,268,916
64$7,684,540$5,113,277$4,517,616$6,708,374
65$8,423,778$5,319,242$4,624,371$7,185,433
66$9,237,014$5,533,896$4,733,298$7,703,654
67$10,131,752$5,757,619$4,844,426$8,266,948
68$11,116,258$5,990,810$4,957,781$8,879,615
69$12,199,643$6,233,886$5,073,393$9,546,378
70$13,391,942$6,487,282$5,191,289$10,272,433
71$14,704,217$6,751,456$5,311,493$11,063,491
72$16,148,652$7,026,882$5,434,033$11,925,833
73$17,738,674$7,314,059$5,558,933$12,866,363
74$19,489,079$7,613,508$5,686,217$13,892,679
75$21,416,168$7,925,773$5,815,909$15,013,134
76$23,537,905$8,251,424$5,948,030$16,236,921
77$25,874,085$8,591,056$6,082,601$17,574,149
78$28,446,516$8,945,293$6,219,644$19,035,944
79$31,279,234$9,314,786$6,359,175$20,634,546
80$34,398,721$9,700,215$6,501,212$22,383,427
81$37,834,160$10,102,295$6,645,772$24,297,411
82$41,617,706$10,521,769$6,792,867$26,392,812
83$45,784,795$10,959,419$6,942,511$28,687,589
84$50,374,472$11,416,059$7,094,714$31,201,506
85$55,429,765$11,892,542$7,249,483$33,956,324
86$60,998,086$12,389,762$7,406,826$36,975,995
87$67,131,682$12,908,651$7,566,746$40,286,889
88$73,888,127$13,450,188$7,729,245$43,918,038
89$81,330,862$14,015,394$7,894,321$47,901,408
90$89,529,800$14,605,339$8,061,971$52,272,195
91$98,561,981$15,221,141$8,232,188$57,069,154
92$108,512,298$15,863,972$8,404,962$62,334,961
93$119,474,303$16,535,058$8,580,278$68,116,612
94$131,551,086$17,235,679$8,758,121$74,465,860
95$144,856,248$17,967,179$8,938,470$81,439,700
96$159,514,976$18,730,961$9,121,299$89,100,902
97$175,665,221$19,528,495$9,306,580$97,518,599
98$193,459,002$20,361,320$9,494,279$106,768,932
99$213,063,840$21,231,045$9,684,357$116,935,768
100$234,664,340$22,139,355$9,876,772$128,111,477