Can I retire at age 57 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$470,701$466,508$462,417$458,425$454,526$444,803
2 years$233,020$228,680$224,474$220,396$216,441$206,693
3 years$153,804$149,445$145,250$141,210$137,319$127,850
4 years$114,203$109,858$105,705$101,734$97,937$88,820
5 years$90,449$86,130$82,031$78,141$74,450$65,711
6 years$74,618$70,332$66,293$62,490$58,910$50,557
7 years$63,315$59,064$55,090$51,377$47,910$39,945
8 years$54,841$50,629$46,721$43,099$39,746$32,167
9 years$48,254$44,082$40,241$36,711$33,472$26,273
10 years$42,987$38,856$35,083$31,645$28,519$21,694
11 years$38,681$34,591$30,886$27,540$24,528$18,067
12 years$35,095$31,047$27,411$24,157$21,255$15,149
13 years$32,063$28,058$24,490$21,327$18,535$12,773
14 years$29,467$25,504$22,004$18,931$16,248$10,818
15 years$27,218$23,298$19,867$16,884$14,306$9,196
16 years$25,253$21,375$18,012$15,117$12,643$7,842
17 years$23,521$19,686$16,390$13,583$11,210$6,705
18 years$21,983$18,191$14,962$12,241$9,968$5,745
19 years$20,608$16,859$13,697$11,061$8,885$4,932
20 years$19,372$15,666$12,571$10,018$7,936$4,240
21 years$18,256$14,592$11,563$9,092$7,102$3,650
22 years$17,242$13,621$10,657$8,266$6,366$3,146
23 years$16,318$12,740$9,840$7,528$5,714$2,715
24 years$15,472$11,936$9,100$6,866$5,136$2,344
25 years$14,695$11,202$8,428$6,271$4,622$2,025
26 years$13,979$10,528$7,817$5,734$4,163$1,751
27 years$13,318$9,908$7,259$5,248$3,753$1,515
28 years$12,704$9,336$6,748$4,808$3,387$1,311
29 years$12,134$8,808$6,279$4,409$3,058$1,135
30 years$11,603$8,318$5,849$4,047$2,763$983
31 years$11,107$7,863$5,453$3,717$2,498$852
32 years$10,643$7,440$5,088$3,416$2,260$738
33 years$10,208$7,046$4,750$3,141$2,045$640
34 years$9,799$6,678$4,438$2,890$1,852$555
35 years$9,415$6,334$4,150$2,660$1,677$481
36 years$9,053$6,012$3,882$2,450$1,520$417
37 years$8,711$5,710$3,633$2,257$1,377$362
38 years$8,388$5,426$3,403$2,081$1,249$314
39 years$8,082$5,160$3,188$1,919$1,132$272
40 years$7,793$4,909$2,988$1,770$1,027$236
41 years$7,518$4,673$2,802$1,633$932$205
42 years$7,257$4,451$2,628$1,507$845$178
43 years$7,009$4,241$2,466$1,391$767$154
44 years$6,772$4,042$2,315$1,284$696$134
45 years$6,547$3,855$2,174$1,186$632$116
46 years$6,333$3,677$2,042$1,096$574$101
47 years$6,128$3,509$1,918$1,012$521$88
48 years$5,932$3,350$1,802$935$473$76
49 years$5,744$3,199$1,694$864$430$66
50 years$5,565$3,056$1,593$799$391$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,700,000, adding $4,464 every year, while hoping to spend $56,266 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: 34/45/21 Blend
56$5,700,000$5,700,000$5,700,000$5,700,000
57$6,286,005$5,983,905$5,895,555$6,459,190
58$6,867,310$6,217,249$6,033,189$6,821,127
59$7,506,024$6,460,142$6,173,549$7,205,681
60$8,207,941$6,712,992$6,316,665$7,619,218
61$8,979,447$6,976,224$6,462,569$8,064,339
62$9,827,576$7,250,285$6,611,291$8,543,897
63$10,760,080$7,535,641$6,762,861$9,061,021
64$11,785,498$7,832,776$6,917,306$9,619,148
65$12,913,237$8,142,200$7,074,654$10,222,048
66$14,153,661$8,464,443$7,234,929$10,873,859
67$15,518,193$8,800,058$7,398,157$11,579,130
68$17,019,413$9,149,626$7,564,361$12,342,851
69$18,671,187$9,513,751$7,733,560$13,170,509
70$20,488,789$9,893,066$7,905,775$14,068,130
71$22,489,050$10,288,231$8,081,024$15,042,335
72$24,690,516$10,699,937$8,259,320$16,100,402
73$27,113,620$11,128,905$8,440,679$17,250,332
74$29,780,878$11,575,890$8,625,110$18,500,919
75$32,717,099$12,041,680$8,812,623$19,861,833
76$35,949,619$12,527,098$9,003,222$21,343,706
77$39,508,560$13,033,007$9,196,910$22,958,231
78$43,427,115$13,560,305$9,393,688$24,718,271
79$47,741,855$14,109,935$9,593,551$26,637,971
80$52,493,081$14,682,879$9,796,492$28,732,895
81$57,725,202$15,280,167$10,002,501$31,020,165
82$63,487,151$15,902,873$10,211,563$33,518,619
83$69,832,849$16,552,122$10,423,659$36,248,989
84$76,821,713$17,229,090$10,638,765$39,234,086
85$84,519,218$17,935,005$10,856,854$42,499,016
86$92,997,511$18,671,153$11,077,891$46,071,413
87$102,336,096$19,438,879$11,301,840$49,981,690
88$112,622,582$20,239,588$11,528,655$54,263,327
89$123,953,507$21,074,749$11,758,287$58,953,180
90$136,435,255$21,945,902$11,990,680$64,091,820
91$150,185,053$22,854,653$12,225,770$69,723,918
92$165,332,083$23,802,686$12,463,487$75,898,653
93$182,018,696$24,791,759$12,703,755$82,670,177
94$200,401,761$25,823,712$12,946,489$90,098,115
95$220,654,139$26,900,472$13,191,594$98,248,125
96$242,966,318$28,024,053$13,438,970$107,192,506
97$267,548,211$29,196,560$13,688,504$117,010,880
98$294,631,137$30,420,200$13,940,077$127,790,933
99$324,470,000$31,697,277$14,193,557$139,629,233
100$357,345,702$33,030,206$14,448,804$152,632,136