Can I retire at age 57 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$495,474$491,061$486,755$482,552$478,448$460,923
2 years$245,284$240,716$236,289$231,996$227,833$210,371
3 years$161,899$157,311$152,895$148,642$144,546$127,698
4 years$120,214$115,640$111,268$107,088$103,092$86,985
5 years$95,210$90,663$86,349$82,254$78,369$63,045
6 years$78,545$74,033$69,782$65,779$62,010$47,482
7 years$66,647$62,173$57,990$54,081$50,431$36,693
8 years$57,728$53,294$49,180$45,367$41,837$28,879
9 years$50,794$46,402$42,359$38,643$35,233$23,036
10 years$45,250$40,901$36,929$33,310$30,020$18,562
11 years$40,717$36,412$32,512$28,990$25,819$15,076
12 years$36,942$32,681$28,853$25,428$22,374$12,320
13 years$33,751$29,534$25,779$22,449$19,510$10,117
14 years$31,018$26,846$23,162$19,928$17,103$8,341
15 years$28,651$24,524$20,912$17,772$15,059$6,898
16 years$26,582$22,500$18,960$15,913$13,309$5,720
17 years$24,759$20,722$17,253$14,298$11,801$4,753
18 years$23,140$19,148$15,750$12,885$10,492$3,957
19 years$21,693$17,746$14,418$11,643$9,352$3,298
20 years$20,392$16,491$13,232$10,545$8,354$2,753
21 years$19,217$15,360$12,171$9,570$7,475$2,300
22 years$18,150$14,338$11,218$8,701$6,701$1,923
23 years$17,177$13,410$10,357$7,925$6,015$1,609
24 years$16,287$12,565$9,579$7,228$5,406$1,347
25 years$15,469$11,791$8,872$6,601$4,865$1,128
26 years$14,715$11,082$8,228$6,035$4,382$945
27 years$14,018$10,429$7,641$5,524$3,951$792
28 years$13,373$9,828$7,103$5,061$3,565$664
29 years$12,773$9,271$6,610$4,641$3,219$557
30 years$12,213$8,756$6,157$4,260$2,909$467
31 years$11,691$8,277$5,740$3,912$2,630$392
32 years$11,203$7,832$5,355$3,595$2,379$329
33 years$10,745$7,417$5,000$3,306$2,153$276
34 years$10,315$7,029$4,672$3,042$1,949$232
35 years$9,911$6,667$4,368$2,800$1,765$194
36 years$9,529$6,328$4,086$2,579$1,599$163
37 years$9,170$6,010$3,825$2,376$1,450$137
38 years$8,830$5,712$3,582$2,190$1,314$115
39 years$8,508$5,432$3,356$2,020$1,192$97
40 years$8,203$5,168$3,145$1,863$1,081$81
41 years$7,914$4,919$2,949$1,719$981$68
42 years$7,639$4,685$2,766$1,586$890$57
43 years$7,378$4,464$2,596$1,464$808$48
44 years$7,129$4,255$2,437$1,352$733$40
45 years$6,892$4,057$2,288$1,248$666$34
46 years$6,666$3,871$2,149$1,153$604$28
47 years$6,450$3,694$2,019$1,065$549$24
48 years$6,244$3,526$1,897$985$498$20
49 years$6,047$3,367$1,783$910$453$17
50 years$5,858$3,217$1,677$841$411$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,000,000, adding $6,474 every year, while hoping to spend $46,079 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: 47/26/27 Blend
56$6,000,000$6,000,000$6,000,000$6,000,000
57$6,618,678$6,300,678$6,207,678$6,878,281
58$7,244,755$6,560,383$6,366,607$7,321,616
59$7,933,148$6,831,270$6,529,317$7,797,555
60$8,690,164$7,113,837$6,695,884$8,313,302
61$9,522,753$7,408,607$6,866,388$8,872,621
62$10,438,570$7,716,126$7,040,908$9,479,649
63$11,446,053$8,036,964$7,219,527$10,138,935
64$12,554,495$8,371,720$7,402,326$10,855,478
65$13,774,139$8,721,019$7,589,389$11,634,777
66$15,116,267$9,085,515$7,780,799$12,482,877
67$16,593,313$9,465,892$7,976,643$13,406,429
68$18,218,975$9,862,866$8,177,005$14,412,748
69$20,008,350$10,277,185$8,381,974$15,509,881
70$21,978,068$10,709,634$8,591,637$16,706,679
71$24,146,458$11,161,032$8,806,083$18,012,886
72$26,533,711$11,632,238$9,025,402$19,439,217
73$29,162,080$12,124,148$9,249,683$20,997,469
74$32,056,084$12,637,703$9,479,019$22,700,623
75$35,242,740$13,173,885$9,713,501$24,562,966
76$38,751,817$13,733,724$9,953,222$26,600,223
77$42,616,122$14,318,296$10,198,274$28,829,706
78$46,871,802$14,928,728$10,448,752$31,270,471
79$51,558,690$15,566,199$10,704,749$33,943,496
80$56,720,678$16,231,945$10,966,359$36,871,879
81$62,406,133$16,927,256$11,233,679$40,081,050
82$68,668,353$17,653,486$11,506,801$43,599,010
83$75,566,068$18,412,050$11,785,823$47,456,590
84$83,163,997$19,204,431$12,070,838$51,687,741
85$91,533,456$20,032,179$12,361,942$56,329,851
86$100,753,032$20,896,919$12,659,230$61,424,092
87$110,909,324$21,800,351$12,962,797$67,015,810
88$122,097,761$22,744,254$13,272,737$73,154,941
89$134,423,503$23,730,493$13,589,144$79,896,488
90$148,002,432$24,761,019$13,912,112$87,301,028
91$162,962,245$25,837,874$14,241,733$95,435,284
92$179,443,661$26,963,197$14,578,098$104,372,750
93$197,601,749$28,139,228$14,921,298$114,194,378
94$217,607,388$29,368,311$15,271,423$124,989,339
95$239,648,887$30,652,903$15,628,560$136,855,858
96$263,933,752$31,995,574$15,992,797$149,902,139
97$290,690,656$33,399,018$16,364,216$164,247,378
98$320,171,587$34,866,054$16,742,901$180,022,881
99$352,654,233$36,399,635$17,128,932$197,373,304
100$388,444,601$38,002,853$17,522,388$216,458,005