Can I retire at age 57 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$346,832$343,743$340,729$337,787$334,914$333,503
2 years$171,699$168,501$165,402$162,397$159,483$158,058
3 years$113,329$110,117$107,026$104,050$101,182$99,788
4 years$84,150$80,948$77,888$74,962$72,164$70,811
5 years$66,647$63,464$60,444$57,578$54,858$53,551
6 years$54,982$51,823$48,848$46,046$43,407$42,147
7 years$46,653$43,521$40,593$37,857$35,302$34,089
8 years$40,409$37,306$34,426$31,757$29,286$28,121
9 years$35,556$32,481$29,651$27,050$24,663$23,546
10 years$31,675$28,631$25,850$23,317$21,014$19,944
11 years$28,502$25,488$22,758$20,293$18,073$17,049
12 years$25,860$22,877$20,197$17,800$15,662$14,683
13 years$23,626$20,674$18,045$15,714$13,657$12,723
14 years$21,712$18,792$16,214$13,950$11,972$11,082
15 years$20,056$17,167$14,639$12,441$10,541$9,693
16 years$18,608$15,750$13,272$11,139$9,316$8,510
17 years$17,331$14,505$12,077$10,008$8,260$7,494
18 years$16,198$13,404$11,025$9,020$7,345$6,618
19 years$15,185$12,422$10,093$8,150$6,547$5,857
20 years$14,274$11,543$9,263$7,381$5,847$5,195
21 years$13,452$10,752$8,520$6,699$5,233$4,615
22 years$12,705$10,037$7,852$6,091$4,690$4,106
23 years$12,024$9,387$7,250$5,547$4,210$3,659
24 years$11,401$8,795$6,705$5,059$3,784$3,264
25 years$10,828$8,254$6,210$4,621$3,405$2,915
26 years$10,301$7,757$5,760$4,225$3,067$2,606
27 years$9,813$7,301$5,348$3,867$2,766$2,331
28 years$9,361$6,879$4,972$3,543$2,495$2,087
29 years$8,941$6,490$4,627$3,249$2,253$1,869
30 years$8,549$6,129$4,310$2,982$2,036$1,676
31 years$8,184$5,794$4,018$2,739$1,841$1,503
32 years$7,842$5,482$3,749$2,517$1,665$1,348
33 years$7,522$5,192$3,500$2,314$1,507$1,210
34 years$7,221$4,921$3,270$2,129$1,364$1,087
35 years$6,937$4,667$3,058$1,960$1,236$976
36 years$6,671$4,430$2,860$1,805$1,120$877
37 years$6,419$4,207$2,677$1,663$1,015$788
38 years$6,181$3,998$2,507$1,533$920$709
39 years$5,956$3,802$2,349$1,414$834$637
40 years$5,742$3,617$2,202$1,304$757$573
41 years$5,540$3,443$2,064$1,203$687$516
42 years$5,347$3,279$1,937$1,110$623$464
43 years$5,164$3,125$1,817$1,025$565$417
44 years$4,990$2,978$1,706$946$513$376
45 years$4,824$2,840$1,602$874$466$338
46 years$4,666$2,709$1,504$807$423$304
47 years$4,515$2,586$1,413$746$384$274
48 years$4,371$2,468$1,328$689$349$247
49 years$4,233$2,357$1,248$637$317$222
50 years$4,101$2,252$1,174$589$288$200

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,200,000, adding $3,840 every year, while hoping to spend $34,334 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: 55/29/16 Blend
56$4,200,000$4,200,000$4,200,000$4,200,000
57$4,632,361$4,409,761$4,344,661$4,867,301
58$5,068,331$4,589,308$4,453,676$5,207,253
59$5,547,619$4,776,502$4,565,192$5,573,223
60$6,074,607$4,971,682$4,679,257$5,970,958
61$6,654,124$5,175,201$4,795,919$6,403,499
62$7,291,488$5,387,430$4,915,227$6,874,192
63$7,992,561$5,608,755$5,037,228$7,386,715
64$8,763,800$5,839,582$5,161,972$7,945,112
65$9,612,318$6,080,333$5,289,510$8,553,832
66$10,545,957$6,331,451$5,419,890$9,217,771
67$11,573,351$6,593,398$5,553,163$9,942,311
68$12,704,018$6,866,661$5,689,380$10,733,378
69$13,948,445$7,151,743$5,828,590$11,597,488
70$15,318,184$7,449,177$5,970,846$12,541,815
71$16,825,967$7,759,514$6,116,197$13,574,252
72$18,485,821$8,083,337$6,264,696$14,703,486
73$20,313,205$8,421,250$6,416,393$15,939,078
74$22,325,149$8,773,889$6,571,340$17,291,555
75$24,540,422$9,141,916$6,729,587$18,772,500
76$26,979,702$9,526,028$6,891,185$20,394,668
77$29,665,778$9,926,950$7,056,187$22,172,100
78$32,623,760$10,345,443$7,224,641$24,120,255
79$35,881,316$10,782,302$7,396,599$26,256,153
80$39,468,936$11,238,360$7,572,111$28,598,537
81$43,420,216$11,714,488$7,751,225$31,168,041
82$47,772,178$12,211,598$7,933,991$33,987,391
83$52,565,618$12,730,645$8,120,458$37,081,612
84$57,845,491$13,272,626$8,310,673$40,478,262
85$63,661,333$13,838,586$8,504,682$44,207,691
86$70,067,732$14,429,621$8,702,533$48,303,326
87$77,124,842$15,046,873$8,904,269$52,801,981
88$84,898,948$15,691,543$9,109,934$57,744,205
89$93,463,096$16,364,883$9,319,572$63,174,658
90$102,897,777$17,068,207$9,533,223$69,142,533
91$113,291,691$17,802,890$9,750,926$75,702,017
92$124,742,581$18,570,370$9,972,720$82,912,795
93$137,358,160$19,372,153$10,198,642$90,840,616
94$151,257,120$20,209,817$10,428,724$99,557,905
95$166,570,260$21,085,011$10,663,000$109,144,448
96$183,441,715$21,999,465$10,901,499$119,688,135
97$202,030,318$22,954,988$11,144,248$131,285,791
98$222,511,103$23,953,474$11,391,272$144,044,084
99$245,076,948$24,996,907$11,642,592$158,080,525
100$269,940,405$26,087,364$11,898,228$173,524,577