Can I retire at age 57 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$528,506$523,798$519,205$514,722$510,345$506,280
2 years$261,637$256,764$252,041$247,463$243,021$238,924
3 years$172,692$167,798$163,088$158,552$154,183$150,180
4 years$128,228$123,349$118,686$114,228$109,964$106,087
5 years$101,557$96,707$92,105$87,738$83,593$79,852
6 years$83,782$78,969$74,435$70,165$66,144$62,544
7 years$71,090$66,318$61,856$57,686$53,793$50,336
8 years$61,576$56,847$52,458$48,392$44,627$41,312
9 years$54,180$49,495$45,182$41,219$37,582$34,410
10 years$48,267$43,628$39,391$35,531$32,022$28,990
11 years$43,432$38,839$34,679$30,923$27,540$24,646
12 years$39,405$34,860$30,777$27,123$23,865$21,107
13 years$36,001$31,503$27,497$23,946$20,811$18,185
14 years$33,086$28,636$24,706$21,256$18,243$15,745
15 years$30,561$26,159$22,306$18,957$16,062$13,690
16 years$28,354$24,000$20,224$16,974$14,196$11,946
17 years$26,409$22,104$18,403$15,251$12,587$10,455
18 years$24,682$20,425$16,800$13,744$11,192$9,174
19 years$23,139$18,929$15,379$12,419$9,976$8,068
20 years$21,752$17,590$14,114$11,248$8,910$7,108
21 years$20,498$16,384$12,982$10,208$7,974$6,274
22 years$19,360$15,294$11,965$9,282$7,147$5,545
23 years$18,322$14,304$11,048$8,453$6,416$4,907
24 years$17,373$13,402$10,217$7,709$5,767$4,348
25 years$16,500$12,577$9,463$7,041$5,189$3,856
26 years$15,696$11,821$8,777$6,438$4,674$3,423
27 years$14,953$11,125$8,150$5,893$4,214$3,040
28 years$14,264$10,483$7,577$5,399$3,803$2,702
29 years$13,624$9,889$7,051$4,951$3,434$2,404
30 years$13,028$9,339$6,567$4,544$3,103$2,139
31 years$12,471$8,829$6,123$4,173$2,805$1,904
32 years$11,950$8,354$5,712$3,835$2,537$1,696
33 years$11,461$7,911$5,334$3,527$2,296$1,511
34 years$11,003$7,498$4,984$3,245$2,079$1,347
35 years$10,571$7,112$4,659$2,987$1,883$1,201
36 years$10,165$6,750$4,359$2,751$1,706$1,071
37 years$9,781$6,411$4,080$2,535$1,546$955
38 years$9,418$6,093$3,820$2,336$1,402$852
39 years$9,075$5,794$3,579$2,154$1,271$760
40 years$8,750$5,512$3,355$1,987$1,153$679
41 years$8,441$5,247$3,146$1,833$1,046$606
42 years$8,148$4,997$2,951$1,692$949$541
43 years$7,869$4,761$2,769$1,562$861$483
44 years$7,604$4,538$2,599$1,442$782$431
45 years$7,351$4,328$2,441$1,332$710$385
46 years$7,110$4,129$2,292$1,230$645$344
47 years$6,880$3,940$2,153$1,137$585$307
48 years$6,660$3,761$2,024$1,050$532$274
49 years$6,450$3,592$1,902$971$483$245
50 years$6,249$3,431$1,788$897$438$219

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,400,000, adding $3,933 every year, while hoping to spend $59,916 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: 23/50/27 Blend
56$6,400,000$6,400,000$6,400,000$6,400,000
57$7,056,857$6,717,657$6,618,457$7,158,658
58$7,712,906$6,983,072$6,776,425$7,512,096
59$8,433,864$7,259,484$6,937,677$7,884,919
60$9,226,289$7,547,369$7,102,259$8,282,807
61$10,097,404$7,847,224$7,270,219$8,707,864
62$11,055,169$8,159,568$7,441,601$9,162,392
63$12,108,352$8,484,943$7,616,451$9,648,912
64$13,266,616$8,823,917$7,794,813$10,170,182
65$14,540,603$9,177,081$7,976,732$10,729,223
66$15,942,042$9,545,056$8,162,250$11,329,344
67$17,483,854$9,928,487$8,351,410$11,974,173
68$19,180,277$10,328,052$8,544,251$12,667,682
69$21,046,996$10,744,458$8,740,814$13,414,232
70$23,101,296$11,178,442$8,941,138$14,218,600
71$25,362,221$11,630,779$9,145,259$15,086,029
72$27,850,755$12,102,274$9,353,213$16,022,272
73$30,590,019$12,593,773$9,565,033$17,033,642
74$33,605,491$13,106,158$9,780,751$18,127,066
75$36,925,243$13,640,351$10,000,398$19,310,154
76$40,580,206$14,197,318$10,224,000$20,591,259
77$44,604,467$14,778,066$10,451,584$21,979,557
78$49,035,583$15,383,651$10,683,172$23,485,127
79$53,914,938$16,015,175$10,918,784$25,119,042
80$59,288,135$16,673,793$11,158,437$26,893,471
81$65,205,426$17,360,710$11,402,146$28,821,788
82$71,722,183$18,077,188$11,649,920$30,918,691
83$78,899,421$18,824,546$11,901,769$33,200,341
84$86,804,378$19,604,164$12,157,693$35,684,505
85$95,511,142$20,417,486$12,417,694$38,390,716
86$105,101,357$21,266,021$12,681,765$41,340,461
87$115,664,988$22,151,349$12,949,897$44,557,367
88$127,301,173$23,075,121$13,222,075$48,067,425
89$140,119,157$24,039,067$13,498,279$51,899,224
90$154,239,324$25,044,994$13,778,484$56,084,219
91$169,794,330$26,094,793$14,062,658$60,657,017
92$186,930,358$27,190,445$14,350,764$65,655,697
93$205,808,497$28,334,019$14,642,757$71,122,163
94$226,606,261$29,527,683$14,938,586$77,102,529
95$249,519,263$30,773,703$15,238,192$83,647,549
96$274,763,064$32,074,451$15,541,508$90,813,085
97$302,575,208$33,432,411$15,848,460$98,660,627
98$333,217,460$34,850,179$16,158,964$107,257,859
99$366,978,278$36,330,475$16,472,926$116,679,297
100$404,175,537$37,876,143$16,790,244$127,006,971