Can I retire at age 57 with 4,600,000?

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 $4,600,000?

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$379,864$376,480$373,179$369,957$366,810$352,814
2 years$188,051$184,549$181,155$177,864$174,672$160,735
3 years$124,122$120,605$117,219$113,959$110,819$97,381
4 years$92,164$88,657$85,306$82,101$79,037$66,200
5 years$72,994$69,508$66,201$63,062$60,083$47,880
6 years$60,218$56,759$53,500$50,431$47,541$35,981
7 years$51,096$47,666$44,459$41,462$38,664$27,742
8 years$44,258$40,859$37,704$34,781$32,075$21,782
9 years$38,942$35,575$32,475$29,626$27,012$17,332
10 years$34,692$31,357$28,312$25,538$23,016$13,931
11 years$31,216$27,916$24,926$22,226$19,794$11,285
12 years$28,322$25,056$22,121$19,495$17,153$9,197
13 years$25,876$22,643$19,764$17,211$14,958$7,532
14 years$23,780$20,582$17,758$15,278$13,112$6,192
15 years$21,966$18,802$16,033$13,625$11,545$5,107
16 years$20,380$17,250$14,536$12,200$10,203$4,222
17 years$18,982$15,887$13,227$10,962$9,047$3,498
18 years$17,740$14,680$12,075$9,879$8,044$2,903
19 years$16,631$13,605$11,054$8,926$7,170$2,413
20 years$15,634$12,643$10,145$8,084$6,404$2,008
21 years$14,733$11,776$9,331$7,337$5,731$1,672
22 years$13,915$10,993$8,600$6,671$5,137$1,394
23 years$13,169$10,281$7,941$6,075$4,611$1,163
24 years$12,487$9,633$7,344$5,541$4,145$970
25 years$11,860$9,040$6,802$5,061$3,730$810
26 years$11,282$8,496$6,308$4,627$3,360$676
27 years$10,748$7,996$5,858$4,235$3,029$565
28 years$10,252$7,534$5,446$3,880$2,733$472
29 years$9,792$7,108$5,068$3,558$2,468$395
30 years$9,364$6,713$4,720$3,266$2,230$330
31 years$8,963$6,346$4,401$2,999$2,016$276
32 years$8,589$6,004$4,106$2,756$1,824$231
33 years$8,238$5,686$3,834$2,535$1,650$193
34 years$7,908$5,389$3,582$2,332$1,494$161
35 years$7,598$5,112$3,349$2,147$1,353$135
36 years$7,306$4,852$3,133$1,977$1,226$113
37 years$7,030$4,608$2,932$1,822$1,111$95
38 years$6,769$4,379$2,746$1,679$1,008$79
39 years$6,523$4,164$2,573$1,548$914$66
40 years$6,289$3,962$2,411$1,428$829$55
41 years$6,067$3,771$2,261$1,318$752$46
42 years$5,856$3,592$2,121$1,216$682$39
43 years$5,656$3,422$1,990$1,122$619$32
44 years$5,465$3,262$1,868$1,036$562$27
45 years$5,284$3,111$1,754$957$510$23
46 years$5,110$2,967$1,648$884$463$19
47 years$4,945$2,832$1,548$817$421$16
48 years$4,787$2,703$1,455$755$382$13
49 years$4,636$2,582$1,367$698$347$11
50 years$4,491$2,466$1,285$645$315$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,600,000, adding $6,618 every year, while hoping to spend $21,448 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: 42/50/8 Blend
56$4,600,000$4,600,000$4,600,000$4,600,000
57$5,076,026$4,832,226$4,760,926$5,277,046
58$5,570,961$5,046,185$4,897,597$5,631,719
59$6,115,659$5,269,909$5,038,127$6,012,839
60$6,715,176$5,503,853$5,182,624$6,425,023
61$7,375,078$5,748,497$5,331,196$6,871,105
62$8,101,501$6,004,338$5,483,956$7,354,197
63$8,901,206$6,271,902$5,641,020$7,877,712
64$9,781,641$6,551,738$5,802,507$8,445,397
65$10,751,015$6,844,419$5,968,537$9,061,362
66$11,818,371$7,150,549$6,139,236$9,730,118
67$12,993,677$7,470,758$6,314,732$10,456,620
68$14,287,914$7,805,706$6,495,157$11,246,310
69$15,713,182$8,156,087$6,680,647$12,105,161
70$17,282,817$8,522,626$6,871,338$13,039,737
71$19,011,512$8,906,082$7,067,376$14,057,250
72$20,915,458$9,307,251$7,268,904$15,165,623
73$23,012,496$9,726,968$7,476,074$16,373,565
74$25,322,288$10,166,107$7,689,040$17,690,645
75$27,866,498$10,625,583$7,907,959$19,127,385
76$30,668,999$11,106,355$8,132,994$20,695,351
77$33,756,099$11,609,428$8,364,312$22,407,260
78$37,156,787$12,135,857$8,602,083$24,277,096
79$40,903,010$12,686,743$8,846,482$26,320,238
80$45,029,967$13,263,245$9,097,690$28,553,600
81$49,576,453$13,866,573$9,355,892$30,995,789
82$54,585,213$14,497,996$9,621,276$33,667,270
83$60,103,353$15,158,847$9,894,037$36,590,560
84$66,182,783$15,850,518$10,174,375$39,790,432
85$72,880,704$16,574,471$10,462,494$43,294,146
86$80,260,153$17,332,237$10,758,605$47,131,697
87$88,390,593$18,125,421$11,062,922$51,336,095
88$97,348,570$18,955,703$11,375,667$55,943,670
89$107,218,438$19,824,847$11,697,066$60,994,407
90$118,093,153$20,734,698$12,027,351$66,532,316
91$130,075,149$21,687,193$12,366,762$72,605,845
92$143,277,309$22,684,360$12,715,543$79,268,324
93$157,824,025$23,728,324$13,073,945$86,578,463
94$173,852,378$24,821,315$13,442,224$94,600,898
95$191,513,428$25,965,666$13,820,646$103,406,792
96$210,973,640$27,163,826$14,209,480$113,074,499
97$232,416,457$28,418,360$14,609,004$123,690,291
98$256,044,033$29,731,956$15,019,502$135,349,169
99$282,079,136$31,107,434$15,441,267$148,155,739
100$310,767,255$32,547,745$15,874,597$162,225,199