Can I retire at age 57 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$388,122$384,664$381,291$377,999$374,785$363,954
2 years$192,139$188,561$185,093$181,730$178,469$167,644
3 years$126,821$123,227$119,767$116,436$113,228$102,747
4 years$94,168$90,585$87,160$83,886$80,755$70,699
5 years$74,581$71,019$67,640$64,432$61,389$51,784
6 years$61,527$57,993$54,663$51,527$48,575$39,431
7 years$52,207$48,702$45,425$42,363$39,504$30,822
8 years$45,220$41,747$38,524$35,538$32,773$24,546
9 years$39,788$36,348$33,181$30,270$27,599$19,820
10 years$35,446$32,039$28,928$26,093$23,516$16,173
11 years$31,895$28,522$25,468$22,709$20,225$13,307
12 years$28,938$25,600$22,602$19,919$17,526$11,019
13 years$26,438$23,135$20,193$17,585$15,283$9,173
14 years$24,297$21,029$18,144$15,610$13,397$7,668
15 years$22,443$19,211$16,381$13,922$11,796$6,433
16 years$20,823$17,625$14,852$12,465$10,425$5,412
17 years$19,394$16,232$13,515$11,200$9,244$4,564
18 years$18,126$14,999$12,337$10,093$8,219$3,856
19 years$16,993$13,901$11,294$9,120$7,326$3,263
20 years$15,974$12,918$10,365$8,260$6,544$2,766
21 years$15,053$12,032$9,534$7,497$5,856$2,347
22 years$14,217$11,232$8,787$6,816$5,249$1,993
23 years$13,455$10,505$8,113$6,208$4,712$1,694
24 years$12,758$9,842$7,503$5,662$4,235$1,441
25 years$12,117$9,237$6,950$5,171$3,811$1,226
26 years$11,527$8,681$6,445$4,728$3,433$1,044
27 years$10,981$8,170$5,985$4,327$3,095$890
28 years$10,475$7,698$5,564$3,965$2,793$758
29 years$10,005$7,262$5,178$3,636$2,522$646
30 years$9,567$6,859$4,823$3,337$2,278$551
31 years$9,158$6,484$4,496$3,065$2,060$470
32 years$8,776$6,135$4,195$2,816$1,863$401
33 years$8,417$5,810$3,917$2,590$1,686$342
34 years$8,080$5,506$3,660$2,383$1,527$292
35 years$7,763$5,223$3,422$2,194$1,383$249
36 years$7,465$4,957$3,201$2,020$1,253$213
37 years$7,183$4,708$2,996$1,861$1,136$181
38 years$6,917$4,474$2,806$1,716$1,030$155
39 years$6,664$4,255$2,629$1,582$934$132
40 years$6,426$4,048$2,464$1,459$847$113
41 years$6,199$3,853$2,310$1,346$768$96
42 years$5,984$3,670$2,167$1,242$697$82
43 years$5,779$3,497$2,033$1,147$633$70
44 years$5,584$3,333$1,909$1,059$574$60
45 years$5,399$3,178$1,792$978$521$51
46 years$5,222$3,032$1,683$903$473$44
47 years$5,053$2,893$1,581$835$430$37
48 years$4,891$2,762$1,486$771$390$32
49 years$4,737$2,638$1,397$713$355$27
50 years$4,589$2,520$1,313$659$322$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,700,000, adding $5,545 every year, while hoping to spend $26,938 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: 76/8/16 Blend
56$4,700,000$4,700,000$4,700,000$4,700,000
57$5,185,120$4,936,020$4,863,170$5,560,549
58$5,685,340$5,149,223$4,997,424$6,022,571
59$6,235,680$5,371,970$5,135,273$6,525,057
60$6,841,223$5,604,701$5,276,809$7,075,228
61$7,507,572$5,847,874$5,422,125$7,677,828
62$8,240,897$6,101,973$5,571,319$8,338,083
63$9,047,998$6,367,500$5,724,489$9,061,747
64$9,936,370$6,644,984$5,881,735$9,855,156
65$10,914,269$6,934,976$6,043,162$10,725,290
66$11,990,791$7,238,057$6,208,875$11,679,833
67$13,175,962$7,554,832$6,378,982$12,727,250
68$14,480,826$7,885,935$6,553,594$13,876,864
69$15,917,555$8,232,031$6,732,825$15,138,942
70$17,499,561$8,593,815$6,916,789$16,524,795
71$19,241,622$8,972,018$7,105,607$18,046,881
72$21,160,021$9,367,401$7,299,399$19,718,922
73$23,272,704$9,780,763$7,498,289$21,556,035
74$25,599,442$10,212,944$7,702,405$23,574,871
75$28,162,025$10,664,818$7,911,875$25,793,773
76$30,984,462$11,137,304$8,126,833$28,232,950
77$34,093,209$11,631,364$8,347,414$30,914,662
78$37,517,421$12,148,006$8,573,757$33,863,434
79$41,289,224$12,688,284$8,806,004$37,106,284
80$45,444,019$13,253,304$9,044,299$40,672,980
81$50,020,817$13,844,224$9,288,791$44,596,314
82$55,062,606$14,462,256$9,539,632$48,912,417
83$60,616,757$15,108,672$9,796,974$53,661,096
84$66,735,471$15,784,802$10,060,977$58,886,208
85$73,476,272$16,492,039$10,331,803$64,636,073
86$80,902,548$17,231,846$10,609,615$70,963,933
87$89,084,153$18,005,751$10,894,582$77,928,446
88$98,098,062$18,815,359$11,186,876$85,594,244
89$108,029,101$19,662,348$11,486,673$94,032,540
90$118,970,744$20,548,478$11,794,151$103,321,799
91$131,026,000$21,475,593$12,109,495$113,548,476
92$144,308,379$22,445,624$12,432,890$124,807,834
93$158,942,968$23,460,595$12,764,527$137,204,837
94$175,067,613$24,522,626$13,104,601$150,855,141
95$192,834,215$25,633,939$13,453,310$165,886,188
96$212,410,165$26,796,863$13,810,856$182,438,402
97$233,979,928$28,013,835$14,177,446$200,666,512
98$257,746,781$29,287,413$14,553,290$220,741,018
99$283,934,731$30,620,275$14,938,604$242,849,790
100$312,790,632$32,015,227$15,333,606$267,199,845