Can I retire at age 57 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$520,248$515,614$511,093$506,680$502,371$486,095
2 years$257,549$252,752$248,103$243,596$239,224$222,979
3 years$169,994$165,176$160,539$156,074$151,774$136,070
4 years$126,225$121,422$116,831$112,443$108,246$93,203
5 years$99,970$95,196$90,666$86,367$82,287$67,945
6 years$82,473$77,735$73,272$69,068$65,111$51,482
7 years$69,980$65,282$60,889$56,785$52,953$40,036
8 years$60,614$55,958$51,639$47,635$43,929$31,715
9 years$53,333$48,722$44,476$40,575$36,995$25,469
10 years$47,512$42,946$38,776$34,976$31,521$20,666
11 years$42,753$38,232$34,137$30,439$27,110$16,905
12 years$38,789$34,315$30,296$26,700$23,493$13,916
13 years$35,438$31,011$27,068$23,572$20,486$11,514
14 years$32,569$28,188$24,320$20,924$17,958$9,565
15 years$30,084$25,750$21,958$18,661$15,812$7,973
16 years$27,911$23,625$19,908$16,709$13,974$6,664
17 years$25,997$21,758$18,116$15,013$12,391$5,583
18 years$24,297$20,106$16,537$13,529$11,017$4,686
19 years$22,777$18,634$15,139$12,225$9,820$3,939
20 years$21,412$17,315$13,894$11,072$8,771$3,315
21 years$20,178$16,128$12,780$10,049$7,849$2,793
22 years$19,057$15,055$11,778$9,136$7,036$2,356
23 years$18,036$14,081$10,875$8,321$6,316$1,988
24 years$17,101$13,193$10,058$7,589$5,677$1,679
25 years$16,242$12,381$9,316$6,931$5,108$1,419
26 years$15,451$11,636$8,640$6,337$4,601$1,199
27 years$14,719$10,951$8,023$5,801$4,148$1,014
28 years$14,041$10,319$7,458$5,315$3,743$858
29 years$13,411$9,735$6,940$4,874$3,380$726
30 years$12,824$9,193$6,465$4,473$3,054$615
31 years$12,276$8,691$6,027$4,108$2,761$520
32 years$11,763$8,223$5,623$3,775$2,498$441
33 years$11,282$7,788$5,250$3,472$2,260$373
34 years$10,831$7,381$4,906$3,194$2,047$316
35 years$10,406$7,001$4,586$2,940$1,854$268
36 years$10,006$6,645$4,291$2,708$1,679$227
37 years$9,628$6,311$4,016$2,495$1,522$192
38 years$9,271$5,998$3,761$2,300$1,380$163
39 years$8,933$5,703$3,523$2,121$1,251$138
40 years$8,613$5,426$3,302$1,956$1,135$117
41 years$8,309$5,165$3,097$1,805$1,030$99
42 years$8,021$4,919$2,905$1,665$934$84
43 years$7,746$4,687$2,726$1,537$848$71
44 years$7,485$4,468$2,559$1,419$770$60
45 years$7,236$4,260$2,402$1,311$699$51
46 years$6,999$4,064$2,256$1,211$634$43
47 years$6,773$3,878$2,120$1,119$576$37
48 years$6,556$3,702$1,992$1,034$523$31
49 years$6,349$3,536$1,872$955$475$26
50 years$6,151$3,377$1,760$883$432$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,300,000, adding $2,680 every year, while hoping to spend $45,077 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: 67/21/12 Blend
56$6,300,000$6,300,000$6,300,000$6,300,000
57$6,945,364$6,611,464$6,513,814$7,392,095
58$7,605,830$6,887,465$6,684,066$7,965,850
59$8,332,152$7,175,478$6,858,509$8,587,329
60$9,131,001$7,476,046$7,037,239$9,265,657
61$10,009,725$7,789,734$7,220,348$10,006,399
62$10,976,421$8,117,134$7,407,933$10,815,673
63$12,040,009$8,458,867$7,600,093$11,700,216
64$13,210,319$8,815,581$7,796,925$12,667,441
65$14,498,181$9,187,954$7,998,531$13,725,504
66$15,915,527$9,576,696$8,205,014$14,883,387
67$17,475,507$9,982,550$8,416,478$16,150,974
68$19,192,608$10,406,294$8,633,029$17,539,146
69$21,082,792$10,848,741$8,854,774$19,059,883
70$23,163,651$11,310,742$9,081,823$20,726,372
71$25,454,565$11,793,190$9,314,285$22,553,136
72$27,976,891$12,297,017$9,552,274$24,556,160
73$30,754,163$12,823,200$9,795,904$26,753,051
74$33,812,310$13,372,759$10,045,290$29,163,194
75$37,179,907$13,946,766$10,300,548$31,807,935
76$40,888,439$14,546,339$10,561,798$34,710,784
77$44,972,601$15,172,650$10,829,159$37,897,631
78$49,470,624$15,826,928$11,102,754$41,396,989
79$54,424,636$16,510,456$11,382,705$45,240,260
80$59,881,060$17,224,579$11,669,136$49,462,033
81$65,891,049$17,970,706$11,962,174$54,100,403
82$72,510,975$18,750,309$12,261,946$59,197,330
83$79,802,953$19,564,932$12,568,579$64,799,034
84$87,835,432$20,416,192$12,882,205$70,956,425
85$96,683,840$21,305,780$13,202,953$77,725,585
86$106,431,296$22,235,466$13,530,955$85,168,290
87$117,169,391$23,207,108$13,866,346$93,352,591
88$128,999,059$24,222,646$14,209,258$102,353,455
89$142,031,522$25,284,114$14,559,827$112,253,469
90$156,389,345$26,393,643$14,918,189$123,143,613
91$172,207,590$27,553,464$15,284,480$135,124,117
92$189,635,091$28,765,911$15,658,837$148,305,403
93$208,835,861$30,033,431$16,041,399$162,809,126
94$229,990,637$31,358,587$16,432,303$178,769,311
95$253,298,585$32,744,061$16,831,689$196,333,621
96$278,979,184$34,192,664$17,239,694$215,664,741
97$307,274,295$35,707,338$17,656,458$236,941,914
98$338,450,444$37,291,168$18,082,120$260,362,622
99$372,801,335$38,947,382$18,516,817$286,144,450
100$410,650,630$40,679,362$18,960,689$314,527,130