Can I retire at age 57 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$578,053$572,904$567,881$562,978$558,190$546,027
2 years$286,165$280,836$275,670$270,662$265,805$253,612
3 years$188,882$183,529$178,377$173,416$168,637$156,796
4 years$140,249$134,913$129,813$124,936$120,274$108,874
5 years$111,078$105,774$100,740$95,963$91,430$80,505
6 years$91,636$86,372$81,413$76,743$72,346$61,906
7 years$77,755$72,535$67,655$63,094$58,836$48,884
8 years$67,349$62,176$57,376$52,928$48,810$39,343
9 years$59,259$54,135$49,418$45,083$41,105$32,115
10 years$52,792$47,718$43,084$38,862$35,024$26,502
11 years$47,503$42,480$37,930$33,822$30,122$22,056
12 years$43,099$38,128$33,662$29,666$26,103$18,482
13 years$39,376$34,457$30,075$26,191$22,762$15,572
14 years$36,187$31,320$27,023$23,249$19,953$13,180
15 years$33,426$28,611$24,398$20,734$17,568$11,197
16 years$31,013$26,250$22,120$18,565$15,527$9,541
17 years$28,885$24,176$20,128$16,681$13,767$8,152
18 years$26,996$22,339$18,375$15,033$12,241$6,980
19 years$25,308$20,704$16,821$13,583$10,911$5,987
20 years$23,791$19,239$15,438$12,302$9,746$5,144
21 years$22,420$17,921$14,200$11,165$8,721$4,425
22 years$21,175$16,728$13,087$10,152$7,817$3,811
23 years$20,040$15,645$12,084$9,245$7,017$3,285
24 years$19,001$14,659$11,175$8,432$6,307$2,835
25 years$18,047$13,757$10,351$7,701$5,676$2,447
26 years$17,168$12,929$9,600$7,041$5,112$2,114
27 years$16,355$12,168$8,914$6,445$4,609$1,828
28 years$15,601$11,466$8,287$5,905$4,159$1,581
29 years$14,901$10,816$7,712$5,415$3,756$1,367
30 years$14,249$10,215$7,183$4,970$3,393$1,183
31 years$13,640$9,657$6,697$4,564$3,068$1,024
32 years$13,070$9,137$6,248$4,195$2,775$887
33 years$12,536$8,653$5,834$3,857$2,512$768
34 years$12,034$8,201$5,451$3,549$2,274$666
35 years$11,562$7,779$5,096$3,267$2,060$577
36 years$11,118$7,383$4,767$3,009$1,866$500
37 years$10,698$7,012$4,462$2,772$1,691$433
38 years$10,301$6,664$4,179$2,555$1,533$375
39 years$9,926$6,337$3,915$2,356$1,390$325
40 years$9,570$6,029$3,669$2,173$1,261$282
41 years$9,233$5,739$3,441$2,005$1,144$244
42 years$8,912$5,466$3,228$1,850$1,038$212
43 years$8,607$5,208$3,029$1,708$942$184
44 years$8,317$4,964$2,843$1,577$855$159
45 years$8,041$4,734$2,669$1,457$776$138
46 years$7,777$4,516$2,507$1,345$705$120
47 years$7,525$4,309$2,355$1,243$640$104
48 years$7,285$4,114$2,213$1,149$581$90
49 years$7,055$3,928$2,080$1,062$528$78
50 years$6,834$3,753$1,956$981$480$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,000,000, adding $3,124 every year, while hoping to spend $49,822 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: 54/37/9 Blend
56$7,000,000$7,000,000$7,000,000$7,000,000
57$7,717,222$7,346,222$7,237,722$8,116,625
58$8,451,369$7,653,177$7,427,176$8,694,548
59$9,258,728$7,973,503$7,621,306$9,317,504
60$10,146,716$8,307,802$7,820,218$9,994,312
61$11,123,502$8,656,705$8,024,016$10,730,089
62$12,198,088$9,020,872$8,232,808$11,530,458
63$13,380,390$9,400,992$8,446,705$12,401,599
64$14,681,338$9,797,789$8,665,818$13,350,305
65$16,112,971$10,212,017$8,890,259$14,384,045
66$17,688,556$10,644,468$9,120,145$15,511,032
67$19,422,711$11,095,969$9,355,592$16,740,297
68$21,331,542$11,567,385$9,596,718$18,081,772
69$23,432,796$12,059,625$9,843,646$19,546,381
70$25,746,030$12,573,635$10,096,497$21,146,141
71$28,292,791$13,110,409$10,355,395$22,894,272
72$31,096,823$13,670,986$10,620,468$24,805,318
73$34,184,288$14,256,454$10,891,843$26,895,282
74$37,584,016$14,867,950$11,169,650$29,181,775
75$41,327,773$15,506,667$11,454,020$31,684,175
76$45,450,564$16,173,852$11,745,089$34,423,810
77$49,990,962$16,870,811$12,042,989$37,424,152
78$54,991,470$17,598,911$12,347,860$40,711,039
79$60,498,925$18,359,583$12,659,838$44,312,910
80$66,564,938$19,154,325$12,979,065$48,261,073
81$73,246,380$19,984,706$13,305,682$52,589,994
82$80,605,922$20,852,367$13,639,834$57,337,616
83$88,712,622$21,759,029$13,981,664$62,545,717
84$97,642,580$22,706,492$14,331,320$68,260,295
85$107,479,653$23,696,640$14,688,950$74,531,997
86$118,316,250$24,731,448$15,054,702$81,416,593
87$130,254,201$25,812,982$15,428,728$88,975,498
88$143,405,718$26,943,407$15,811,178$97,276,341
89$157,894,455$28,124,988$16,202,207$106,393,601
90$173,856,677$29,360,100$16,601,968$116,409,300
91$191,442,540$30,651,227$17,010,617$127,413,774
92$210,817,515$32,000,972$17,428,308$139,506,517
93$232,163,943$33,412,062$17,855,198$152,797,108
94$255,682,764$34,887,351$18,291,446$167,406,246
95$281,595,404$36,429,830$18,737,207$183,466,874
96$310,145,872$38,042,629$19,192,641$201,125,426
97$341,603,063$39,729,029$19,657,906$220,543,203
98$376,263,289$41,492,466$20,133,160$241,897,886
99$414,453,086$43,336,537$20,618,562$265,385,199
100$456,532,286$45,265,013$21,114,269$291,220,751