Can I retire at age 57 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$545,022$540,167$535,431$530,807$526,293$522,757
2 years$269,813$264,788$259,918$255,196$250,616$247,050
3 years$178,088$173,042$168,184$163,506$159,001$155,515
4 years$132,235$127,204$122,395$117,797$113,401$110,022
5 years$104,731$99,729$94,983$90,480$86,206$82,944
6 years$86,400$81,437$76,761$72,357$68,211$65,071
7 years$73,312$68,390$63,789$59,489$55,474$52,456
8 years$63,500$58,623$54,098$49,904$46,021$43,126
9 years$55,873$51,042$46,594$42,507$38,757$35,984
10 years$49,775$44,991$40,622$36,641$33,022$30,370
11 years$44,789$40,053$35,763$31,889$28,400$25,867
12 years$40,637$35,949$31,739$27,971$24,611$22,194
13 years$37,126$32,488$28,356$24,694$21,461$19,158
14 years$34,119$29,530$25,478$21,921$18,813$16,621
15 years$31,516$26,977$23,004$19,549$16,564$14,481
16 years$29,240$24,750$20,856$17,504$14,640$12,661
17 years$27,235$22,794$18,978$15,728$12,981$11,104
18 years$25,454$21,063$17,325$14,174$11,542$9,764
19 years$23,862$19,521$15,860$12,807$10,287$8,605
20 years$22,431$18,140$14,555$11,599$9,189$7,599
21 years$21,139$16,896$13,388$10,527$8,223$6,721
22 years$19,965$15,772$12,339$9,572$7,371$5,954
23 years$18,895$14,751$11,393$8,717$6,616$5,281
24 years$17,915$13,821$10,537$7,950$5,947$4,690
25 years$17,016$12,970$9,759$7,261$5,351$4,169
26 years$16,187$12,190$9,051$6,639$4,820$3,709
27 years$15,420$11,472$8,405$6,077$4,346$3,303
28 years$14,710$10,810$7,813$5,568$3,921$2,943
29 years$14,050$10,198$7,271$5,106$3,541$2,624
30 years$13,435$9,631$6,773$4,686$3,199$2,340
31 years$12,861$9,105$6,314$4,303$2,893$2,089
32 years$12,323$8,615$5,891$3,955$2,617$1,865
33 years$11,820$8,158$5,500$3,637$2,368$1,666
34 years$11,347$7,732$5,139$3,346$2,144$1,488
35 years$10,902$7,334$4,805$3,080$1,942$1,330
36 years$10,482$6,961$4,495$2,837$1,759$1,189
37 years$10,087$6,611$4,207$2,614$1,595$1,063
38 years$9,713$6,283$3,940$2,409$1,446$951
39 years$9,359$5,975$3,691$2,221$1,311$851
40 years$9,023$5,684$3,460$2,049$1,189$761
41 years$8,705$5,411$3,244$1,890$1,079$681
42 years$8,403$5,153$3,043$1,745$979$610
43 years$8,115$4,910$2,856$1,611$888$546
44 years$7,842$4,680$2,680$1,487$806$489
45 years$7,581$4,463$2,517$1,373$732$438
46 years$7,332$4,258$2,364$1,269$665$392
47 years$7,095$4,063$2,221$1,172$604$351
48 years$6,868$3,879$2,087$1,083$548$314
49 years$6,651$3,704$1,962$1,001$498$281
50 years$6,444$3,538$1,844$925$452$252

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,600,000, adding $4,226 every year, while hoping to spend $52,175 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: 55/36/9 Blend
56$6,600,000$6,600,000$6,600,000$6,600,000
57$7,277,559$6,927,759$6,825,459$7,661,663
58$7,964,356$7,211,706$6,998,598$8,205,860
59$8,719,458$7,507,817$7,175,789$8,791,967
60$9,549,777$7,816,633$7,357,111$9,428,848
61$10,462,927$8,138,722$7,542,648$10,121,343
62$11,467,300$8,474,673$7,732,481$10,874,766
63$12,572,139$8,825,106$7,926,693$11,694,963
64$13,787,629$9,190,669$8,125,369$12,588,360
65$15,124,993$9,572,037$8,328,595$13,562,021
66$16,596,596$9,969,921$8,536,457$14,623,717
67$18,216,061$10,385,059$8,749,040$15,781,993
68$19,998,399$10,818,227$8,966,433$17,046,248
69$21,960,152$11,270,236$9,188,725$18,426,823
70$24,119,544$11,741,934$9,416,003$19,935,091
71$26,496,656$12,234,208$9,648,359$21,583,569
72$29,113,617$12,747,986$9,885,881$23,386,026
73$31,994,809$13,284,240$10,128,660$25,357,616
74$35,167,098$13,843,986$10,376,789$27,515,016
75$38,660,087$14,428,287$10,630,357$29,876,579
76$42,506,399$15,038,257$10,889,457$32,462,505
77$46,741,979$15,675,058$11,154,181$35,295,030
78$51,406,436$16,339,911$11,424,621$38,398,629
79$56,543,416$17,034,090$11,700,869$41,800,247
80$62,201,013$17,758,930$11,983,017$45,529,547
81$68,432,226$18,515,827$12,271,158$49,619,186
82$75,295,454$19,306,243$12,565,382$54,105,123
83$82,855,050$20,131,709$12,865,783$59,026,947
84$91,181,928$20,993,825$13,172,449$64,428,254
85$100,354,231$21,894,269$13,485,472$70,357,047
86$110,458,069$22,834,794$13,804,942$76,866,188
87$121,588,331$23,817,238$14,130,947$84,013,893
88$133,849,581$24,843,523$14,463,574$91,864,273
89$147,357,045$25,915,663$14,802,910$100,487,933
90$162,237,697$27,035,763$15,149,040$109,962,637
91$178,631,457$28,206,031$15,502,048$120,374,032
92$196,692,515$29,428,775$15,862,016$131,816,452
93$216,590,781$30,706,415$16,229,023$144,393,801
94$238,513,492$32,041,481$16,603,147$158,220,528
95$262,666,979$33,436,624$16,984,463$173,422,696
96$289,278,613$34,894,621$17,373,045$190,139,172
97$318,598,951$36,418,377$17,768,961$208,522,922
98$350,904,102$38,010,935$18,172,280$228,742,453
99$386,498,332$39,675,483$18,583,063$250,983,388
100$425,716,937$41,415,356$19,001,370$275,450,218