Can I retire at age 57 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$363,348$360,111$356,954$353,872$350,862$345,050
2 years$179,875$176,525$173,278$170,131$167,077$161,238
3 years$118,726$115,361$112,123$109,004$106,001$100,317
4 years$88,157$84,803$81,597$78,531$75,601$70,116
5 years$69,820$66,486$63,322$60,320$57,470$52,200
6 years$57,600$54,291$51,174$48,238$45,474$40,425
7 years$48,875$45,594$42,526$39,659$36,983$32,156
8 years$42,334$39,082$36,065$33,269$30,681$26,075
9 years$37,249$34,028$31,063$28,338$25,838$21,451
10 years$33,183$29,994$27,081$24,428$22,015$17,844
11 years$29,859$26,702$23,842$21,259$18,934$14,973
12 years$27,091$23,966$21,159$18,647$16,407$12,653
13 years$24,751$21,658$18,904$16,463$14,308$10,753
14 years$22,746$19,687$16,986$14,614$12,542$9,181
15 years$21,011$17,984$15,336$13,033$11,043$7,870
16 years$19,494$16,500$13,904$11,670$9,760$6,768
17 years$18,156$15,196$12,652$10,485$8,654$5,837
18 years$16,969$14,042$11,550$9,449$7,694$5,045
19 years$15,908$13,014$10,573$8,538$6,858$4,369
20 years$14,954$12,093$9,704$7,733$6,126$3,791
21 years$14,092$11,264$8,925$7,018$5,482$3,293
22 years$13,310$10,515$8,226$6,381$4,914$2,865
23 years$12,597$9,834$7,595$5,811$4,411$2,495
24 years$11,944$9,214$7,024$5,300$3,965$2,175
25 years$11,344$8,647$6,506$4,841$3,568$1,897
26 years$10,791$8,127$6,034$4,426$3,214$1,656
27 years$10,280$7,648$5,603$4,051$2,897$1,447
28 years$9,807$7,207$5,209$3,712$2,614$1,264
29 years$9,367$6,799$4,847$3,404$2,361$1,106
30 years$8,956$6,421$4,515$3,124$2,133$967
31 years$8,574$6,070$4,209$2,869$1,928$846
32 years$8,216$5,743$3,927$2,637$1,744$741
33 years$7,880$5,439$3,667$2,425$1,579$649
34 years$7,564$5,155$3,426$2,231$1,429$568
35 years$7,268$4,889$3,203$2,054$1,295$497
36 years$6,988$4,641$2,997$1,891$1,173$436
37 years$6,724$4,408$2,805$1,743$1,063$382
38 years$6,475$4,189$2,627$1,606$964$335
39 years$6,239$3,983$2,461$1,481$874$293
40 years$6,015$3,790$2,306$1,366$793$257
41 years$5,803$3,607$2,163$1,260$719$225
42 years$5,602$3,436$2,029$1,163$653$198
43 years$5,410$3,273$1,904$1,074$592$173
44 years$5,228$3,120$1,787$991$538$152
45 years$5,054$2,975$1,678$916$488$133
46 years$4,888$2,838$1,576$846$443$117
47 years$4,730$2,709$1,481$781$402$102
48 years$4,579$2,586$1,391$722$365$90
49 years$4,434$2,469$1,308$667$332$79
50 years$4,296$2,359$1,229$617$301$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,400,000, adding $2,060 every year, while hoping to spend $25,073 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: 55/34/11 Blend
56$4,400,000$4,400,000$4,400,000$4,400,000
57$4,850,925$4,617,725$4,549,525$5,104,154
58$5,319,042$4,817,316$4,675,256$5,475,561
59$5,834,066$5,025,847$4,804,360$5,876,833
60$6,400,756$5,243,728$4,936,921$6,313,150
61$7,024,355$5,471,392$5,073,029$6,787,854
62$7,710,638$5,709,290$5,212,775$7,304,616
63$8,465,971$5,957,892$5,356,250$7,867,473
64$9,297,366$6,217,696$5,503,551$8,480,864
65$10,212,551$6,489,217$5,654,774$9,149,668
66$11,220,042$6,772,998$5,810,019$9,879,251
67$12,329,219$7,069,608$5,969,388$10,675,512
68$13,550,421$7,379,641$6,132,984$11,544,943
69$14,895,041$7,703,720$6,300,916$12,494,681
70$16,375,629$8,042,496$6,473,291$13,532,580
71$18,006,018$8,396,654$6,650,221$14,667,281
72$19,801,449$8,766,907$6,831,821$15,908,287
73$21,778,717$9,154,006$7,018,207$17,266,061
74$23,956,329$9,558,734$7,209,499$18,752,110
75$26,354,676$9,981,914$7,405,819$20,379,104
76$28,996,231$10,424,406$7,607,292$22,160,983
77$31,905,756$10,887,111$7,814,045$24,113,092
78$35,110,537$11,370,974$8,026,210$26,252,320
79$38,640,644$11,876,984$8,243,920$28,597,261
80$42,529,210$12,406,176$8,467,312$31,168,382
81$46,812,747$12,959,636$8,696,524$33,988,216
82$51,531,490$13,538,501$8,931,701$37,081,571
83$56,729,776$14,143,961$9,172,986$40,475,761
84$62,456,462$14,777,264$9,420,530$44,200,861
85$68,765,388$15,439,717$9,674,485$48,289,987
86$75,715,883$16,132,689$9,935,006$52,779,603
87$83,373,326$16,857,614$10,202,251$57,709,865
88$91,809,762$17,615,994$10,476,384$63,124,996
89$101,104,584$18,409,404$10,757,569$69,073,695
90$111,345,281$19,239,493$11,045,976$75,609,596
91$122,628,261$20,107,990$11,341,778$82,791,770
92$135,059,766$21,016,704$11,645,151$90,685,275
93$148,756,873$21,967,534$11,956,274$99,361,769
94$163,848,597$22,962,465$12,275,332$108,900,177
95$180,477,110$24,003,582$12,602,511$119,387,435
96$198,799,083$25,093,066$12,938,004$130,919,302
97$218,987,168$26,233,205$13,282,005$143,601,258
98$241,231,620$27,426,393$13,634,713$157,549,496
99$265,742,101$28,675,142$13,996,332$172,892,010
100$292,749,654$29,982,082$14,367,068$189,769,797