Can I retire at age 57 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$478,959$474,692$470,530$466,467$462,500$453,533
2 years$237,108$232,692$228,413$224,263$220,238$211,240
3 years$156,502$152,067$147,798$143,688$139,728$130,980
4 years$116,207$111,785$107,559$103,519$99,655$91,225
5 years$92,036$87,641$83,470$79,512$75,756$67,667
6 years$75,927$71,566$67,456$63,587$59,943$52,204
7 years$64,426$60,101$56,057$52,278$48,750$41,363
8 years$55,803$51,517$47,540$43,855$40,443$33,405
9 years$49,101$44,855$40,947$37,355$34,059$27,367
10 years$43,742$39,538$35,698$32,200$29,020$22,667
11 years$39,360$35,198$31,428$28,024$24,958$18,937
12 years$35,711$31,592$27,892$24,580$21,628$15,930
13 years$32,626$28,550$24,919$21,701$18,860$13,476
14 years$29,984$25,951$22,390$19,264$16,533$11,452
15 years$27,696$23,707$20,215$17,180$14,557$9,769
16 years$25,696$21,750$18,328$15,383$12,865$8,360
17 years$23,933$20,031$16,678$13,821$11,407$7,173
18 years$22,368$18,510$15,225$12,456$10,143$6,169
19 years$20,970$17,155$13,938$11,255$9,040$5,315
20 years$19,712$15,941$12,791$10,193$8,075$4,587
21 years$18,576$14,848$11,765$9,251$7,226$3,964
22 years$17,545$13,860$10,844$8,411$6,477$3,430
23 years$16,605$12,963$10,012$7,660$5,814$2,971
24 years$15,744$12,146$9,260$6,987$5,226$2,576
25 years$14,953$11,398$8,576$6,381$4,703$2,234
26 years$14,225$10,713$7,954$5,834$4,236$1,940
27 years$13,551$10,082$7,386$5,340$3,819$1,685
28 years$12,927$9,500$6,866$4,893$3,446$1,464
29 years$12,347$8,962$6,390$4,487$3,112$1,273
30 years$11,806$8,464$5,952$4,118$2,812$1,107
31 years$11,302$8,001$5,549$3,782$2,542$963
32 years$10,830$7,571$5,177$3,476$2,299$838
33 years$10,387$7,170$4,834$3,196$2,081$730
34 years$9,971$6,795$4,516$2,941$1,884$635
35 years$9,580$6,445$4,222$2,707$1,706$553
36 years$9,212$6,117$3,950$2,493$1,546$482
37 years$8,864$5,810$3,697$2,297$1,401$420
38 years$8,535$5,522$3,462$2,117$1,270$366
39 years$8,224$5,250$3,244$1,952$1,152$318
40 years$7,930$4,995$3,040$1,801$1,045$277
41 years$7,650$4,755$2,851$1,661$948$242
42 years$7,384$4,529$2,674$1,533$860$211
43 years$7,132$4,315$2,509$1,415$781$184
44 years$6,891$4,113$2,355$1,307$709$160
45 years$6,662$3,922$2,212$1,207$643$139
46 years$6,444$3,742$2,077$1,115$584$122
47 years$6,235$3,571$1,952$1,030$530$106
48 years$6,036$3,409$1,834$952$482$92
49 years$5,845$3,255$1,724$880$437$81
50 years$5,663$3,109$1,621$813$397$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $5,800,000, adding $6,003 every year, while hoping to spend $29,656 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: 23/49/28 Blend
56$5,800,000$5,800,000$5,800,000$5,800,000
57$6,397,792$6,090,392$6,000,492$6,488,177
58$7,018,813$6,357,268$6,169,955$6,833,943
59$7,702,184$6,636,226$6,344,101$7,200,988
60$8,454,234$6,927,828$6,523,055$7,593,333
61$9,281,936$7,232,661$6,706,947$8,013,085
62$10,192,972$7,551,340$6,895,908$8,462,544
63$11,195,808$7,884,509$7,090,075$8,944,227
64$12,299,773$8,232,843$7,289,585$9,460,885
65$13,515,146$8,597,048$7,494,581$10,015,528
66$14,853,251$8,977,864$7,705,211$10,611,450
67$16,326,570$9,376,066$7,921,622$11,252,254
68$17,948,853$9,792,466$8,143,969$11,941,889
69$19,735,253$10,227,914$8,372,409$12,684,678
70$21,702,468$10,683,301$8,607,104$13,485,358
71$23,868,897$11,159,560$8,848,220$14,349,119
72$26,254,814$11,657,668$9,095,925$15,281,651
73$28,882,561$12,178,650$9,350,394$16,289,195
74$31,776,755$12,723,576$9,611,804$17,378,592
75$34,964,524$13,293,571$9,880,340$18,557,349
76$38,475,761$13,889,813$10,156,188$19,833,702
77$42,343,408$14,513,533$10,439,539$21,216,689
78$46,603,763$15,166,023$10,730,591$22,716,231
79$51,296,826$15,848,637$11,029,545$24,343,222
80$56,466,675$16,562,793$11,336,607$26,109,621
81$62,161,882$17,309,976$11,651,990$28,028,565
82$68,435,972$18,091,743$11,975,910$30,114,483
83$75,347,927$18,909,724$12,308,588$32,383,227
84$82,962,743$19,765,628$12,650,253$34,852,215
85$91,352,044$20,661,245$13,001,138$37,540,589
86$100,594,757$21,598,451$13,361,481$40,469,387
87$110,777,859$22,579,211$13,731,527$43,661,735
88$121,997,193$23,605,586$14,111,526$47,143,057
89$134,358,380$24,679,732$14,501,735$50,941,308
90$147,977,808$25,803,912$14,902,416$55,087,225
91$162,983,736$26,980,495$15,313,839$59,614,613
92$179,517,503$28,211,965$15,736,278$64,560,652
93$197,734,860$29,500,924$16,170,016$69,966,238
94$217,807,446$30,850,099$16,615,341$75,876,361
95$239,924,399$32,262,348$17,072,549$82,340,513
96$264,294,151$33,740,666$17,541,942$89,413,152
97$291,146,387$35,288,191$18,023,830$97,154,195
98$320,734,219$36,908,214$18,518,529$105,629,581
99$353,336,574$38,604,181$19,026,365$114,911,870
100$389,260,825$40,379,705$19,547,667$125,080,924