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%12.2%
1 years$495,474$491,061$486,755$482,552$478,448$474,044
2 years$245,284$240,716$236,289$231,996$227,833$223,395
3 years$161,899$157,311$152,895$148,642$144,546$140,213
4 years$120,214$115,640$111,268$107,088$103,092$98,896
5 years$95,210$90,663$86,349$82,254$78,369$74,323
6 years$78,545$74,033$69,782$65,779$62,010$58,120
7 years$66,647$62,173$57,990$54,081$50,431$46,698
8 years$57,728$53,294$49,180$45,367$41,837$38,261
9 years$50,794$46,402$42,359$38,643$35,233$31,812
10 years$45,250$40,901$36,929$33,310$30,020$26,753
11 years$40,717$36,412$32,512$28,990$25,819$22,702
12 years$36,942$32,681$28,853$25,428$22,374$19,405
13 years$33,751$29,534$25,779$22,449$19,510$16,686
14 years$31,018$26,846$23,162$19,928$17,103$14,420
15 years$28,651$24,524$20,912$17,772$15,059$12,513
16 years$26,582$22,500$18,960$15,913$13,309$10,896
17 years$24,759$20,722$17,253$14,298$11,801$9,516
18 years$23,140$19,148$15,750$12,885$10,492$8,332
19 years$21,693$17,746$14,418$11,643$9,352$7,312
20 years$20,392$16,491$13,232$10,545$8,354$6,428
21 years$19,217$15,360$12,171$9,570$7,475$5,661
22 years$18,150$14,338$11,218$8,701$6,701$4,992
23 years$17,177$13,410$10,357$7,925$6,015$4,408
24 years$16,287$12,565$9,579$7,228$5,406$3,896
25 years$15,469$11,791$8,872$6,601$4,865$3,447
26 years$14,715$11,082$8,228$6,035$4,382$3,053
27 years$14,018$10,429$7,641$5,524$3,951$2,705
28 years$13,373$9,828$7,103$5,061$3,565$2,399
29 years$12,773$9,271$6,610$4,641$3,219$2,129
30 years$12,213$8,756$6,157$4,260$2,909$1,890
31 years$11,691$8,277$5,740$3,912$2,630$1,678
32 years$11,203$7,832$5,355$3,595$2,379$1,491
33 years$10,745$7,417$5,000$3,306$2,153$1,325
34 years$10,315$7,029$4,672$3,042$1,949$1,178
35 years$9,911$6,667$4,368$2,800$1,765$1,048
36 years$9,529$6,328$4,086$2,579$1,599$932
37 years$9,170$6,010$3,825$2,376$1,450$829
38 years$8,830$5,712$3,582$2,190$1,314$738
39 years$8,508$5,432$3,356$2,020$1,192$657
40 years$8,203$5,168$3,145$1,863$1,081$585
41 years$7,914$4,919$2,949$1,719$981$520
42 years$7,639$4,685$2,766$1,586$890$463
43 years$7,378$4,464$2,596$1,464$808$413
44 years$7,129$4,255$2,437$1,352$733$367
45 years$6,892$4,057$2,288$1,248$666$327
46 years$6,666$3,871$2,149$1,153$604$292
47 years$6,450$3,694$2,019$1,065$549$260
48 years$6,244$3,526$1,897$985$498$231
49 years$6,047$3,367$1,783$910$453$206
50 years$5,858$3,217$1,677$841$411$184

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 $2,565 every year, while hoping to spend $52,416 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: 87/7/6 Blend
56$6,000,000$6,000,000$6,000,000$6,000,000
57$6,614,646$6,296,646$6,203,646$7,188,527
58$7,233,569$6,549,411$6,355,698$7,815,405
59$7,913,867$6,812,805$6,511,087$8,496,775
60$8,661,742$7,087,294$6,669,869$9,243,966
61$9,484,031$7,373,363$6,832,101$10,063,569
62$10,388,266$7,671,521$6,997,840$10,962,848
63$11,382,744$7,982,301$7,167,143$11,949,801
64$12,476,608$8,306,257$7,340,066$13,033,235
65$13,679,929$8,643,971$7,516,665$14,222,856
66$15,003,806$8,996,050$7,696,998$15,529,352
67$16,460,468$9,363,130$7,881,121$16,964,495
68$18,063,386$9,745,874$8,069,089$18,541,257
69$19,827,407$10,144,977$8,260,959$20,273,924
70$21,768,887$10,561,165$8,456,785$22,178,235
71$23,905,848$10,995,198$8,656,623$24,271,528
72$26,258,151$11,447,869$8,860,526$26,572,906
73$28,847,677$11,920,009$9,068,548$29,103,412
74$31,698,537$12,412,486$9,280,741$31,886,230
75$34,837,299$12,926,209$9,497,158$34,946,901
76$38,293,239$13,462,128$9,717,847$38,313,567
77$42,098,614$14,021,238$9,942,860$42,017,230
78$46,288,971$14,604,576$10,172,244$46,092,049
79$50,903,477$15,213,232$10,406,046$50,575,660
80$55,985,294$15,848,342$10,644,310$55,509,529
81$61,581,980$16,511,097$10,887,081$60,939,344
82$67,745,943$17,202,742$11,134,399$66,915,443
83$74,534,932$17,924,580$11,386,304$73,493,292
84$82,012,584$18,677,972$11,642,834$80,734,004
85$90,249,021$19,464,347$11,904,023$88,704,917
86$99,321,516$20,285,195$12,169,903$97,480,225
87$109,315,220$21,142,078$12,440,503$107,141,683
88$120,323,962$22,036,630$12,715,850$117,779,373
89$132,451,142$22,970,561$12,995,967$129,492,554
90$145,810,700$23,945,660$13,280,873$142,390,597
91$160,528,193$24,963,799$13,570,584$156,594,020
92$176,741,982$26,026,938$13,865,112$172,235,618
93$194,604,534$27,137,128$14,164,463$189,461,720
94$214,283,865$28,296,516$14,468,641$208,433,568
95$235,965,122$29,507,348$14,777,644$229,328,835
96$259,852,333$30,771,977$15,091,464$252,343,302
97$286,170,331$32,092,864$15,410,087$277,692,708
98$315,166,877$33,472,585$15,733,497$305,614,778
99$347,114,995$34,913,839$16,061,666$336,371,470
100$382,315,556$36,419,449$16,394,564$370,251,446