Can I retire at age 57 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$445,927$441,955$438,080$434,297$430,604$417,824
2 years$220,756$216,645$212,660$208,797$205,049$192,280
3 years$145,709$141,580$137,605$133,778$130,092$117,732
4 years$108,192$104,076$100,141$96,380$92,783$80,928
5 years$85,689$81,597$77,714$74,029$70,532$59,215
6 years$70,691$66,630$62,804$59,201$55,809$45,040
7 years$59,983$55,956$52,191$48,673$45,388$35,165
8 years$51,955$47,964$44,262$40,830$37,654$27,972
9 years$45,714$41,762$38,123$34,778$31,710$22,559
10 years$40,725$36,811$33,236$29,979$27,018$18,386
11 years$36,645$32,771$29,261$26,091$23,237$15,107
12 years$33,248$29,413$25,968$22,885$20,136$12,494
13 years$30,376$26,581$23,201$20,204$17,559$10,387
14 years$27,916$24,161$20,846$17,935$15,392$8,671
15 years$25,786$22,072$18,821$15,995$13,553$7,264
16 years$23,924$20,250$17,064$14,322$11,978$6,102
17 years$22,283$18,650$15,528$12,868$10,620$5,138
18 years$20,826$17,233$14,175$11,597$9,443$4,335
19 years$19,523$15,972$12,976$10,479$8,417$3,663
20 years$18,353$14,842$11,909$9,490$7,518$3,100
21 years$17,295$13,824$10,954$8,613$6,728$2,626
22 years$16,335$12,905$10,096$7,831$6,031$2,227
23 years$15,459$12,069$9,322$7,132$5,413$1,890
24 years$14,658$11,308$8,621$6,505$4,866$1,605
25 years$13,922$10,612$7,985$5,941$4,378$1,364
26 years$13,244$9,974$7,405$5,432$3,944$1,159
27 years$12,617$9,386$6,877$4,972$3,556$986
28 years$12,035$8,845$6,393$4,555$3,208$839
29 years$11,495$8,344$5,949$4,177$2,897$714
30 years$10,992$7,880$5,541$3,834$2,618$608
31 years$10,522$7,449$5,166$3,521$2,367$517
32 years$10,083$7,049$4,820$3,236$2,141$441
33 years$9,671$6,675$4,500$2,976$1,937$375
34 years$9,284$6,326$4,205$2,738$1,754$320
35 years$8,920$6,001$3,931$2,520$1,589$272
36 years$8,576$5,695$3,678$2,321$1,440$232
37 years$8,253$5,409$3,442$2,139$1,305$198
38 years$7,947$5,141$3,223$1,971$1,183$169
39 years$7,657$4,888$3,020$1,818$1,073$144
40 years$7,383$4,651$2,831$1,676$973$122
41 years$7,122$4,427$2,654$1,547$883$104
42 years$6,875$4,216$2,490$1,427$801$89
43 years$6,640$4,017$2,336$1,318$727$76
44 years$6,416$3,829$2,193$1,217$660$65
45 years$6,203$3,652$2,059$1,124$599$55
46 years$5,999$3,484$1,934$1,038$544$47
47 years$5,805$3,324$1,817$959$494$40
48 years$5,619$3,174$1,707$886$448$34
49 years$5,442$3,031$1,605$819$407$29
50 years$5,272$2,895$1,509$757$370$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,400,000, adding $2,397 every year, while hoping to spend $39,356 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: 41/39/20 Blend
56$5,400,000$5,400,000$5,400,000$5,400,000
57$5,953,273$5,667,073$5,583,373$6,162,179
58$6,518,632$5,902,885$5,728,541$6,547,099
59$7,140,339$6,148,932$5,877,254$6,959,487
60$7,824,099$6,405,676$6,029,587$7,405,040
61$8,576,200$6,673,597$6,185,621$7,886,810
62$9,403,567$6,953,198$6,345,434$8,408,149
63$10,313,832$7,245,006$6,509,108$8,972,739
64$11,315,404$7,549,572$6,676,724$9,584,621
65$12,417,548$7,867,474$6,848,367$10,248,235
66$13,630,471$8,199,313$7,024,120$10,968,456
67$14,965,422$8,545,723$7,204,071$11,750,643
68$16,434,795$8,907,362$7,388,307$12,600,685
69$18,052,244$9,284,924$7,576,916$13,525,052
70$19,832,818$9,679,130$7,769,988$14,530,858
71$21,793,097$10,090,739$7,967,614$15,625,924
72$23,951,351$10,520,543$8,169,886$16,818,846
73$26,327,710$10,969,370$8,376,899$18,119,079
74$28,944,357$11,438,090$8,588,746$19,537,022
75$31,825,736$11,927,611$8,805,523$21,084,108
76$34,998,780$12,438,883$9,027,327$22,772,918
77$38,493,170$12,972,903$9,254,257$24,617,288
78$42,341,610$13,530,712$9,486,411$26,632,443
79$46,580,138$14,113,400$9,723,890$28,835,131
80$51,248,465$14,722,111$9,966,794$31,243,784
81$56,390,353$15,358,038$10,215,226$33,878,683
82$62,054,021$16,022,435$10,469,288$36,762,149
83$68,292,607$16,716,609$10,729,085$39,918,749
84$75,164,665$17,441,935$10,994,721$43,375,520
85$82,734,718$18,199,847$11,266,301$47,162,227
86$91,073,869$18,991,849$11,543,932$51,311,630
87$100,260,470$19,819,516$11,827,720$55,859,799
88$110,380,862$20,684,496$12,117,773$60,846,440
89$121,530,189$21,588,516$12,414,198$66,315,269
90$133,813,298$22,533,383$12,717,103$72,314,422
91$147,345,725$23,520,990$13,026,597$78,896,896
92$162,254,789$24,553,319$13,342,788$86,121,050
93$178,680,792$25,632,445$13,665,785$94,051,148
94$196,778,341$26,760,544$13,995,698$102,757,956
95$216,717,812$27,939,890$14,332,633$112,319,407
96$238,686,953$29,172,869$14,676,701$122,821,329
97$262,892,660$30,461,978$15,028,009$134,358,244
98$289,562,928$31,809,831$15,386,663$147,034,257
99$318,949,003$33,219,169$15,752,773$160,964,031
100$351,327,753$34,692,860$16,126,442$176,273,855