Can I retire at age 57 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$437,669$433,771$429,967$426,254$422,629$420,495
2 years$216,668$212,633$208,722$204,930$201,252$199,098
3 years$143,010$138,958$135,057$131,301$127,683$125,575
4 years$106,189$102,149$98,287$94,595$91,064$89,020
5 years$84,102$80,086$76,275$72,658$69,226$67,251
6 years$69,382$65,396$61,641$58,105$54,776$52,873
7 years$58,872$54,920$51,224$47,771$44,547$42,717
8 years$50,993$47,076$43,442$40,074$36,956$35,199
9 years$44,868$40,988$37,417$34,134$31,123$29,438
10 years$39,971$36,129$32,621$29,424$26,518$24,905
11 years$35,967$32,164$28,719$25,608$22,806$21,264
12 years$32,632$28,868$25,487$22,461$19,764$18,291
13 years$29,813$26,089$22,771$19,830$17,234$15,829
14 years$27,399$23,714$20,460$17,603$15,107$13,769
15 years$25,308$21,663$18,473$15,699$13,302$12,028
16 years$23,481$19,875$16,748$14,057$11,756$10,545
17 years$21,870$18,304$15,240$12,630$10,424$9,274
18 years$20,440$16,914$13,912$11,382$9,268$8,178
19 years$19,162$15,676$12,736$10,285$8,261$7,228
20 years$18,013$14,567$11,688$9,315$7,379$6,401
21 years$16,975$13,568$10,751$8,454$6,603$5,678
22 years$16,032$12,666$9,909$7,686$5,919$5,045
23 years$15,173$11,846$9,149$7,000$5,313$4,489
24 years$14,387$11,099$8,461$6,384$4,776$3,998
25 years$13,664$10,416$7,837$5,831$4,297$3,565
26 years$12,998$9,789$7,268$5,331$3,871$3,182
27 years$12,383$9,213$6,749$4,880$3,490$2,842
28 years$11,813$8,681$6,274$4,471$3,149$2,540
29 years$11,282$8,190$5,839$4,100$2,843$2,272
30 years$10,789$7,734$5,439$3,763$2,569$2,033
31 years$10,327$7,311$5,070$3,456$2,323$1,821
32 years$9,896$6,918$4,731$3,176$2,101$1,631
33 years$9,492$6,551$4,417$2,921$1,902$1,461
34 years$9,112$6,209$4,127$2,687$1,722$1,310
35 years$8,754$5,889$3,858$2,474$1,559$1,175
36 years$8,418$5,590$3,610$2,278$1,413$1,054
37 years$8,100$5,309$3,378$2,099$1,281$946
38 years$7,800$5,046$3,164$1,935$1,161$849
39 years$7,515$4,798$2,964$1,784$1,053$762
40 years$7,246$4,565$2,778$1,645$955$684
41 years$6,990$4,345$2,605$1,518$866$614
42 years$6,748$4,138$2,444$1,401$786$552
43 years$6,517$3,943$2,293$1,293$713$495
44 years$6,297$3,758$2,152$1,194$648$445
45 years$6,088$3,584$2,021$1,103$588$400
46 years$5,888$3,419$1,898$1,019$534$359
47 years$5,698$3,263$1,783$941$485$323
48 years$5,515$3,115$1,676$870$440$290
49 years$5,341$2,974$1,575$804$400$261
50 years$5,175$2,841$1,481$743$363$234

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,300,000, adding $5,504 every year, while hoping to spend $22,148 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: 22/49/29 Blend
56$5,300,000$5,300,000$5,300,000$5,300,000
57$5,846,277$5,565,377$5,483,227$5,921,118
58$6,419,032$5,814,516$5,643,350$6,237,670
59$7,049,466$6,075,119$5,808,095$6,573,883
60$7,743,438$6,347,727$5,977,593$6,933,097
61$8,507,406$6,632,902$6,151,979$7,317,207
62$9,348,484$6,931,237$6,331,392$7,728,283
63$10,274,511$7,243,349$6,515,976$8,168,588
64$11,294,126$7,569,888$6,705,876$8,640,592
65$12,416,848$7,911,534$6,901,244$9,146,999
66$13,653,165$8,268,997$7,102,234$9,690,763
67$15,014,635$8,643,026$7,309,006$10,275,118
68$16,513,993$9,034,400$7,521,724$10,903,603
69$18,165,274$9,443,939$7,740,556$11,580,091
70$19,983,942$9,872,502$7,965,674$12,308,824
71$21,987,037$10,320,987$8,197,256$13,094,449
72$24,193,336$10,790,337$8,435,486$13,942,059
73$26,623,532$11,281,539$8,680,551$14,857,232
74$29,300,426$11,795,629$8,932,643$15,846,088
75$32,249,144$12,333,689$9,191,961$16,915,333
76$35,497,374$12,896,857$9,458,709$18,072,327
77$39,075,626$13,486,322$9,733,095$19,325,140
78$43,017,521$14,103,334$10,015,335$20,682,630
79$47,360,110$14,749,198$10,305,650$22,154,517
80$52,144,218$15,425,286$10,604,267$23,751,472
81$57,414,837$16,133,034$10,911,419$25,485,211
82$63,221,545$16,873,947$11,227,345$27,368,599
83$69,618,974$17,649,602$11,552,293$29,415,765
84$76,667,328$18,461,652$11,886,514$31,642,232
85$84,432,953$19,311,829$12,230,269$34,065,052
86$92,988,956$20,201,951$12,583,825$36,702,963
87$102,415,903$21,133,920$12,947,456$39,576,558
88$112,802,573$22,109,730$13,321,445$42,708,471
89$124,246,802$23,131,473$13,706,079$46,123,582
90$136,856,400$24,201,340$14,101,658$49,849,245
91$150,750,175$25,321,628$14,508,485$53,915,536
92$166,059,049$26,494,744$14,926,876$58,355,527
93$182,927,298$27,723,212$15,357,152$63,205,590
94$201,513,910$29,009,677$15,799,644$68,505,729
95$221,994,090$30,356,912$16,254,693$74,299,948
96$244,560,909$31,767,822$16,722,647$80,636,654
97$269,427,131$33,245,456$17,203,865$87,569,103
98$296,827,220$34,793,005$17,698,716$95,155,891
99$327,019,552$36,413,817$18,207,579$103,461,491
100$360,288,854$38,111,402$18,730,840$112,556,854