Can I retire at age 57 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$396,380$392,849$389,404$386,042$382,759$378,290
2 years$196,227$192,573$189,031$185,597$182,266$177,768
3 years$129,519$125,849$122,316$118,914$115,637$111,249
4 years$96,171$92,512$89,014$85,671$82,473$78,230
5 years$76,168$72,531$69,079$65,803$62,695$58,608
6 years$62,836$59,227$55,826$52,623$49,608$45,683
7 years$53,318$49,738$46,392$43,265$40,345$36,583
8 years$46,182$42,635$39,344$36,294$33,470$29,870
9 years$40,635$37,121$33,887$30,914$28,187$24,748
10 years$36,200$32,721$29,543$26,648$24,016$20,737
11 years$32,574$29,129$26,009$23,192$20,655$17,532
12 years$29,554$26,145$23,083$20,342$17,899$14,929
13 years$27,001$23,627$20,623$17,959$15,608$12,788
14 years$24,814$21,477$18,530$15,942$13,682$11,007
15 years$22,921$19,619$16,730$14,218$12,047$9,512
16 years$21,266$18,000$15,168$12,730$10,647$8,249
17 years$19,807$16,578$13,802$11,438$9,440$7,174
18 years$18,512$15,318$12,600$10,308$8,394$6,255
19 years$17,354$14,197$11,534$9,314$7,482$5,465
20 years$16,314$13,193$10,586$8,436$6,683$4,784
21 years$15,373$12,288$9,737$7,656$5,980$4,194
22 years$14,520$11,471$8,974$6,961$5,361$3,682
23 years$13,742$10,728$8,286$6,340$4,812$3,236
24 years$13,029$10,052$7,663$5,782$4,325$2,847
25 years$12,375$9,433$7,098$5,281$3,892$2,507
26 years$11,772$8,866$6,583$4,828$3,506$2,210
27 years$11,215$8,344$6,113$4,419$3,161$1,949
28 years$10,698$7,862$5,682$4,049$2,852$1,720
29 years$10,218$7,417$5,288$3,713$2,575$1,519
30 years$9,771$7,005$4,926$3,408$2,327$1,342
31 years$9,353$6,622$4,592$3,130$2,104$1,186
32 years$8,962$6,265$4,284$2,876$1,903$1,048
33 years$8,596$5,933$4,000$2,645$1,722$927
34 years$8,252$5,624$3,738$2,434$1,559$820
35 years$7,928$5,334$3,494$2,240$1,412$726
36 years$7,624$5,063$3,269$2,063$1,280$642
37 years$7,336$4,808$3,060$1,901$1,160$568
38 years$7,064$4,570$2,865$1,752$1,051$503
39 years$6,806$4,345$2,684$1,616$953$446
40 years$6,562$4,134$2,516$1,490$865$395
41 years$6,331$3,935$2,359$1,375$785$350
42 years$6,111$3,748$2,213$1,269$712$310
43 years$5,902$3,571$2,077$1,171$646$274
44 years$5,703$3,404$1,949$1,082$586$243
45 years$5,513$3,246$1,830$999$532$215
46 years$5,333$3,096$1,719$923$483$191
47 years$5,160$2,955$1,615$852$439$169
48 years$4,995$2,821$1,518$788$399$150
49 years$4,837$2,694$1,427$728$362$133
50 years$4,686$2,573$1,341$673$329$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $4,800,000, adding $2,494 every year, while hoping to spend $48,188 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: 57/33/10 Blend
56$4,800,000$4,800,000$4,800,000$4,800,000
57$5,292,173$5,037,773$4,963,373$5,580,916
58$5,780,703$5,233,352$5,078,374$5,971,552
59$6,317,447$5,436,899$5,195,613$6,391,407
60$6,907,274$5,648,755$5,315,113$6,847,718
61$7,555,545$5,869,273$5,436,898$7,343,980
62$8,268,167$6,098,823$5,560,991$7,884,032
63$9,051,649$6,337,794$5,687,412$8,472,100
64$9,913,159$6,586,588$5,816,182$9,112,829
65$10,860,598$6,845,627$5,947,321$9,811,329
66$11,902,669$7,115,353$6,080,846$10,573,223
67$13,048,961$7,396,225$6,216,775$11,404,693
68$14,310,040$7,688,726$6,355,122$12,312,546
69$15,697,547$7,993,356$6,495,901$13,304,269
70$17,224,308$8,310,641$6,639,125$14,388,102
71$18,904,455$8,641,131$6,784,804$15,573,113
72$20,753,560$8,985,397$6,932,946$16,869,283
73$22,788,781$9,344,039$7,083,557$18,287,597
74$25,029,023$9,717,683$7,236,642$19,840,147
75$27,495,116$10,106,982$7,392,202$21,540,246
76$30,210,015$10,512,621$7,550,238$23,402,548
77$33,199,010$10,935,314$7,710,745$25,443,187
78$36,489,972$11,375,807$7,873,718$27,679,927
79$40,113,609$11,834,882$8,039,147$30,132,326
80$44,103,759$12,313,353$8,207,021$32,821,922
81$48,497,710$12,812,074$8,377,323$35,772,429
82$53,336,547$13,331,936$8,550,034$39,009,963
83$58,665,546$13,873,872$8,725,131$42,563,282
84$64,534,596$14,438,856$8,902,587$46,464,060
85$70,998,671$15,027,907$9,082,371$50,747,178
86$78,118,351$15,642,090$9,264,446$55,451,053
87$85,960,390$16,282,519$9,448,771$60,617,997
88$94,598,346$16,950,359$9,635,302$66,294,616
89$104,113,279$17,646,828$9,823,986$72,532,241
90$114,594,511$18,373,200$10,014,767$79,387,415
91$126,140,472$19,130,808$10,207,582$86,922,422
92$138,859,626$19,921,043$10,402,362$95,205,866
93$152,871,497$20,745,364$10,599,031$104,313,325
94$168,307,798$21,605,295$10,797,507$114,328,048
95$185,313,669$22,502,430$10,997,699$125,341,750
96$204,049,050$23,438,436$11,199,509$137,455,462
97$224,690,192$24,415,058$11,402,831$150,780,487
98$247,431,317$25,434,122$11,607,551$165,439,445
99$272,486,453$26,497,535$11,813,546$181,567,423
100$300,091,452$27,607,295$12,020,680$199,313,248