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%17.2%
1 years$495,474$491,061$486,755$482,552$478,448$464,436
2 years$245,284$240,716$236,289$231,996$227,833$213,829
3 years$161,899$157,311$152,895$148,642$144,546$130,990
4 years$120,214$115,640$111,268$107,088$103,092$90,087
5 years$95,210$90,663$86,349$82,254$78,369$65,951
6 years$78,545$74,033$69,782$65,779$62,010$50,191
7 years$66,647$62,173$57,990$54,081$50,431$39,209
8 years$57,728$53,294$49,180$45,367$41,837$31,207
9 years$50,794$46,402$42,359$38,643$35,233$25,183
10 years$45,250$40,901$36,929$33,310$30,020$20,537
11 years$40,717$36,412$32,512$28,990$25,819$16,886
12 years$36,942$32,681$28,853$25,428$22,374$13,975
13 years$33,751$29,534$25,779$22,449$19,510$11,625
14 years$31,018$26,846$23,162$19,928$17,103$9,712
15 years$28,651$24,524$20,912$17,772$15,059$8,141
16 years$26,582$22,500$18,960$15,913$13,309$6,844
17 years$24,759$20,722$17,253$14,298$11,801$5,767
18 years$23,140$19,148$15,750$12,885$10,492$4,869
19 years$21,693$17,746$14,418$11,643$9,352$4,118
20 years$20,392$16,491$13,232$10,545$8,354$3,487
21 years$19,217$15,360$12,171$9,570$7,475$2,956
22 years$18,150$14,338$11,218$8,701$6,701$2,509
23 years$17,177$13,410$10,357$7,925$6,015$2,131
24 years$16,287$12,565$9,579$7,228$5,406$1,811
25 years$15,469$11,791$8,872$6,601$4,865$1,540
26 years$14,715$11,082$8,228$6,035$4,382$1,310
27 years$14,018$10,429$7,641$5,524$3,951$1,115
28 years$13,373$9,828$7,103$5,061$3,565$950
29 years$12,773$9,271$6,610$4,641$3,219$809
30 years$12,213$8,756$6,157$4,260$2,909$689
31 years$11,691$8,277$5,740$3,912$2,630$587
32 years$11,203$7,832$5,355$3,595$2,379$501
33 years$10,745$7,417$5,000$3,306$2,153$427
34 years$10,315$7,029$4,672$3,042$1,949$364
35 years$9,911$6,667$4,368$2,800$1,765$310
36 years$9,529$6,328$4,086$2,579$1,599$265
37 years$9,170$6,010$3,825$2,376$1,450$226
38 years$8,830$5,712$3,582$2,190$1,314$192
39 years$8,508$5,432$3,356$2,020$1,192$164
40 years$8,203$5,168$3,145$1,863$1,081$140
41 years$7,914$4,919$2,949$1,719$981$119
42 years$7,639$4,685$2,766$1,586$890$102
43 years$7,378$4,464$2,596$1,464$808$87
44 years$7,129$4,255$2,437$1,352$733$74
45 years$6,892$4,057$2,288$1,248$666$63
46 years$6,666$3,871$2,149$1,153$604$54
47 years$6,450$3,694$2,019$1,065$549$46
48 years$6,244$3,526$1,897$985$498$39
49 years$6,047$3,367$1,783$910$453$34
50 years$5,858$3,217$1,677$841$411$29

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 $4,165 every year, while hoping to spend $59,696 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: 71/7/22 Blend
56$6,000,000$6,000,000$6,000,000$6,000,000
57$6,616,296$6,298,296$6,205,296$7,049,747
58$7,227,642$6,543,397$6,349,658$7,584,541
59$7,899,345$6,798,506$6,496,854$8,162,462
60$8,637,498$7,064,052$6,646,918$8,793,798
61$9,448,813$7,340,482$6,799,881$9,483,842
62$10,340,687$7,628,260$6,955,771$10,238,421
63$11,321,266$7,927,874$7,114,619$11,063,952
64$12,399,529$8,239,834$7,276,453$11,967,504
65$13,585,364$8,564,669$7,441,297$12,956,859
66$14,889,669$8,902,935$7,609,178$14,040,590
67$16,324,449$9,255,212$7,780,119$15,228,139
68$17,902,931$9,622,106$7,954,141$16,529,903
69$19,639,690$10,004,249$8,131,265$17,957,339
70$21,550,784$10,402,304$8,311,508$19,523,062
71$23,653,907$10,816,960$8,494,887$21,240,972
72$25,968,554$11,248,939$8,681,415$23,126,379
73$28,516,207$11,698,998$8,871,102$25,196,148
74$31,320,535$12,167,923$9,063,958$27,468,857
75$34,407,617$12,656,539$9,259,989$29,964,977
76$37,806,192$13,165,708$9,459,197$32,707,054
77$41,547,926$13,696,329$9,661,582$35,719,932
78$45,667,709$14,249,344$9,867,140$39,030,978
79$50,203,990$14,825,737$10,075,863$42,670,347
80$55,199,134$15,426,535$10,287,742$46,671,259
81$60,699,825$16,052,814$10,502,760$51,070,315
82$66,757,502$16,705,698$10,720,898$55,907,842
83$73,428,852$17,386,361$10,942,133$61,228,273
84$80,776,334$18,096,032$11,166,434$67,080,562
85$88,868,779$18,835,996$11,393,768$73,518,650
86$97,782,030$19,607,596$11,624,095$80,601,969
87$107,599,666$20,412,237$11,857,370$88,396,005
88$118,413,782$21,251,386$12,093,542$96,972,912
89$130,325,864$22,126,581$12,332,553$106,412,195
90$143,447,747$23,039,428$12,574,338$116,801,458
91$157,902,663$23,991,606$12,818,824$128,237,231
92$173,826,413$24,984,873$13,065,933$140,825,876
93$191,368,643$26,021,068$13,315,578$154,684,594
94$210,694,256$27,102,111$13,567,661$169,942,531
95$231,984,971$28,230,016$13,822,079$186,741,989
96$255,441,036$29,406,884$14,078,716$205,239,777
97$281,283,117$30,634,917$14,337,449$225,608,682
98$309,754,385$31,916,418$14,598,143$248,039,104
99$341,122,804$33,253,794$14,860,653$272,740,849
100$375,683,666$34,649,566$15,124,821$299,945,108