Can I retire at age 57 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$561,538$556,536$551,656$546,893$542,242$532,820
2 years$277,989$272,812$267,794$262,929$258,210$248,749
3 years$183,485$178,285$173,280$168,461$163,819$154,613
4 years$136,242$131,059$126,104$121,367$116,837$107,956
5 years$107,904$102,752$97,862$93,221$88,818$80,288
6 years$89,018$83,904$79,087$74,550$70,279$62,109
7 years$75,534$70,463$65,722$61,292$57,155$49,349
8 years$65,425$60,400$55,737$51,416$47,416$39,971
9 years$57,566$52,589$48,006$43,795$39,931$32,844
10 years$51,283$46,354$41,853$37,752$34,023$27,287
11 years$46,146$41,267$36,847$32,855$29,261$22,868
12 years$41,868$37,039$32,701$28,819$25,357$19,300
13 years$38,251$33,472$29,216$25,442$22,112$16,380
14 years$35,153$30,425$26,250$22,585$19,383$13,967
15 years$32,471$27,794$23,701$20,142$17,066$11,956
16 years$30,127$25,500$21,488$18,035$15,083$10,268
17 years$28,060$23,485$19,553$16,204$13,374$8,842
18 years$26,225$21,701$17,850$14,603$11,891$7,632
19 years$24,585$20,112$16,341$13,195$10,599$6,600
20 years$23,111$18,689$14,997$11,951$9,467$5,717
21 years$21,779$17,408$13,794$10,846$8,472$4,960
22 years$20,570$16,250$12,713$9,862$7,594$4,308
23 years$19,467$15,198$11,738$8,981$6,817$3,746
24 years$18,458$14,240$10,856$8,191$6,127$3,260
25 years$17,531$13,364$10,055$7,481$5,514$2,839
26 years$16,677$12,560$9,325$6,840$4,966$2,475
27 years$15,888$11,820$8,659$6,261$4,478$2,158
28 years$15,156$11,138$8,050$5,736$4,040$1,883
29 years$14,476$10,507$7,491$5,260$3,648$1,644
30 years$13,842$9,923$6,978$4,828$3,296$1,436
31 years$13,250$9,381$6,505$4,434$2,980$1,254
32 years$12,697$8,876$6,070$4,075$2,696$1,096
33 years$12,178$8,406$5,667$3,747$2,440$958
34 years$11,690$7,967$5,295$3,448$2,209$838
35 years$11,232$7,556$4,950$3,174$2,001$732
36 years$10,800$7,172$4,631$2,923$1,813$641
37 years$10,392$6,812$4,335$2,693$1,643$560
38 years$10,007$6,474$4,059$2,482$1,489$490
39 years$9,642$6,156$3,803$2,289$1,351$429
40 years$9,297$5,857$3,565$2,111$1,225$375
41 years$8,969$5,575$3,342$1,948$1,111$328
42 years$8,657$5,309$3,135$1,798$1,009$287
43 years$8,361$5,059$2,942$1,659$915$252
44 years$8,079$4,822$2,762$1,532$831$220
45 years$7,811$4,598$2,593$1,415$754$193
46 years$7,555$4,387$2,435$1,307$685$169
47 years$7,310$4,186$2,288$1,208$622$148
48 years$7,076$3,996$2,150$1,116$565$129
49 years$6,853$3,816$2,021$1,031$513$113
50 years$6,639$3,645$1,900$953$466$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $6,800,000, adding $6,821 every year, while hoping to spend $29,297 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: 71/18/11 Blend
56$6,800,000$6,800,000$6,800,000$6,800,000
57$7,500,636$7,140,236$7,034,836$8,016,025
58$8,234,529$7,458,936$7,239,331$8,676,907
59$9,042,297$7,792,270$7,449,695$9,395,860
60$9,931,445$8,140,924$7,666,093$10,182,067
61$10,910,241$8,505,618$7,888,696$11,042,154
62$11,987,797$8,887,105$8,117,678$11,983,410
63$13,174,151$9,286,172$8,353,220$13,013,862
64$14,480,368$9,703,648$8,595,506$14,142,341
65$15,918,635$10,140,397$8,844,725$15,378,570
66$17,502,386$10,597,326$9,101,074$16,733,253
67$19,246,421$11,075,387$9,364,752$18,218,171
68$21,167,050$11,575,574$9,635,964$19,846,298
69$23,282,244$12,098,932$9,914,924$21,631,915
70$25,611,806$12,646,554$10,201,847$23,590,750
71$28,177,559$13,219,584$10,496,958$25,740,116
72$31,003,550$13,819,223$10,800,486$28,099,083
73$34,116,276$14,446,728$11,112,666$30,688,646
74$37,544,936$15,103,418$11,433,740$33,531,929
75$41,321,707$15,790,673$11,763,957$36,654,395
76$45,482,044$16,509,939$12,103,574$40,084,089
77$50,065,021$17,262,734$12,452,851$43,851,897
78$55,113,690$18,050,646$12,812,059$47,991,838
79$60,675,498$18,875,339$13,181,475$52,541,378
80$66,802,728$19,738,559$13,561,383$57,541,788
81$73,552,992$20,642,134$13,952,075$63,038,524
82$80,989,779$21,587,981$14,353,852$69,081,656
83$89,183,051$22,578,107$14,767,021$75,726,338
84$98,209,906$23,614,617$15,191,899$83,033,326
85$108,155,300$24,699,717$15,628,811$91,069,547
86$119,112,855$25,835,718$16,078,091$99,908,727
87$131,185,742$27,025,044$16,540,083$109,632,083
88$144,487,649$28,270,232$17,015,137$120,329,090
89$159,143,861$29,573,945$17,503,616$132,098,314
90$175,292,438$30,938,972$18,005,891$145,048,348
91$193,085,522$32,368,237$18,522,343$159,298,824
92$212,690,767$33,864,803$19,053,363$174,981,542
93$234,292,929$35,431,881$19,599,354$192,241,712
94$258,095,604$37,072,840$20,160,729$211,239,314
95$284,323,153$38,791,206$20,737,911$232,150,606
96$313,222,818$40,590,679$21,331,335$255,169,785
97$345,067,059$42,475,136$21,941,448$280,510,811
98$380,156,121$44,448,639$22,568,708$308,409,421
99$418,820,872$46,515,450$23,213,587$339,125,352
100$461,425,926$48,680,031$23,876,566$372,944,783