Can I retire at age 57 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$594,569$589,273$584,106$579,063$574,138$559,351
2 years$294,341$288,859$283,547$278,396$273,399$258,600
3 years$194,278$188,773$183,473$178,371$173,456$159,107
4 years$144,257$138,768$133,522$128,506$123,710$109,922
5 years$114,251$108,796$103,618$98,705$94,042$80,854
6 years$94,255$88,840$83,739$78,935$74,413$61,836
7 years$79,977$74,608$69,587$64,897$60,517$48,554
8 years$69,273$63,953$59,016$54,440$50,205$38,849
9 years$60,953$55,682$50,830$46,371$42,280$31,522
10 years$54,300$49,081$44,315$39,972$36,025$25,851
11 years$48,860$43,694$39,014$34,788$30,982$21,379
12 years$44,331$39,217$34,624$30,514$26,849$17,797
13 years$40,501$35,441$30,934$26,939$23,413$14,895
14 years$37,221$32,215$27,795$23,913$20,523$12,521
15 years$34,381$29,429$25,095$21,327$18,070$10,563
16 years$31,899$27,000$22,752$19,096$15,971$8,937
17 years$29,711$24,866$20,704$17,157$14,161$7,581
18 years$27,768$22,978$18,900$15,462$12,591$6,443
19 years$26,031$21,296$17,302$13,971$11,223$5,486
20 years$24,471$19,789$15,879$12,654$10,024$4,677
21 years$23,060$18,433$14,605$11,484$8,971$3,993
22 years$21,780$17,206$13,461$10,442$8,041$3,413
23 years$20,613$16,092$12,429$9,509$7,218$2,919
24 years$19,544$15,078$11,495$8,673$6,488$2,499
25 years$18,563$14,150$10,646$7,921$5,838$2,140
26 years$17,658$13,298$9,874$7,242$5,259$1,834
27 years$16,822$12,515$9,169$6,629$4,741$1,573
28 years$16,047$11,793$8,524$6,074$4,278$1,349
29 years$15,327$11,125$7,932$5,570$3,863$1,158
30 years$14,656$10,507$7,388$5,112$3,490$994
31 years$14,030$9,932$6,888$4,695$3,156$853
32 years$13,444$9,398$6,427$4,314$2,854$732
33 years$12,894$8,900$6,000$3,968$2,583$629
34 years$12,378$8,435$5,606$3,650$2,339$540
35 years$11,893$8,001$5,242$3,360$2,118$464
36 years$11,435$7,594$4,903$3,095$1,919$399
37 years$11,004$7,212$4,590$2,852$1,740$343
38 years$10,596$6,854$4,298$2,628$1,577$295
39 years$10,209$6,518$4,027$2,423$1,430$253
40 years$9,844$6,201$3,774$2,235$1,297$218
41 years$9,496$5,903$3,539$2,062$1,177$187
42 years$9,167$5,622$3,320$1,903$1,068$161
43 years$8,853$5,356$3,115$1,757$969$138
44 years$8,555$5,106$2,924$1,622$880$119
45 years$8,270$4,869$2,746$1,498$799$102
46 years$7,999$4,645$2,579$1,384$725$88
47 years$7,740$4,432$2,423$1,279$658$76
48 years$7,493$4,231$2,277$1,181$598$65
49 years$7,256$4,041$2,140$1,092$543$56
50 years$7,030$3,860$2,012$1,009$493$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,200,000, adding $5,833 every year, while hoping to spend $26,568 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: 49/26/25 Blend
56$7,200,000$7,200,000$7,200,000$7,200,000
57$7,940,417$7,558,817$7,447,217$8,273,005
58$8,722,071$7,900,931$7,668,430$8,847,984
59$9,582,564$8,258,918$7,896,164$9,469,174
60$10,529,908$8,633,527$8,130,609$10,143,532
61$11,572,934$9,025,546$8,371,959$10,876,091
62$12,721,372$9,435,796$8,620,418$11,672,381
63$13,985,942$9,865,140$8,876,192$12,538,480
64$15,378,458$10,314,482$9,139,495$13,481,070
65$16,911,939$10,784,770$9,410,546$14,507,494
66$18,600,728$11,276,995$9,689,571$15,625,827
67$20,460,633$11,792,198$9,976,802$16,844,949
68$22,509,070$12,331,468$10,272,478$18,174,624
69$24,765,234$12,895,949$10,576,845$19,625,591
70$27,250,274$13,486,837$10,890,155$21,209,663
71$29,987,497$14,105,387$11,212,670$22,939,833
72$33,002,583$14,752,912$11,544,656$24,830,397
73$36,323,834$15,430,792$11,886,389$26,897,084
74$39,982,434$16,140,470$12,238,153$29,157,201
75$44,012,749$16,883,460$12,600,238$31,629,791
76$48,452,648$17,661,348$12,972,944$34,335,813
77$53,343,860$18,475,796$13,356,579$37,298,335
78$58,732,371$19,328,547$13,751,461$40,542,744
79$64,668,853$20,221,426$14,157,916$44,096,986
80$71,209,150$21,156,350$14,576,280$47,991,822
81$78,414,794$22,135,322$15,006,897$52,261,117
82$86,353,598$23,160,447$15,450,122$56,942,152
83$95,100,284$24,233,929$15,906,321$62,075,973
84$104,737,200$25,358,078$16,375,869$67,707,772
85$115,355,086$26,535,316$16,859,152$73,887,308
86$127,053,940$27,768,181$17,356,569$80,669,373
87$139,943,954$29,059,334$17,868,527$88,114,300
88$154,146,561$30,411,566$18,395,446$96,288,530
89$169,795,577$31,827,798$18,937,760$105,265,229
90$187,038,463$33,311,098$19,495,912$115,124,976
91$206,037,721$34,864,677$20,070,360$125,956,512
92$226,972,426$36,491,903$20,661,574$137,857,575
93$250,039,914$38,196,307$21,270,037$150,935,810
94$275,457,650$39,981,590$21,896,248$165,309,782
95$303,465,275$41,851,633$22,540,717$181,110,083
96$334,326,872$43,810,503$23,203,971$198,480,558
97$368,333,459$45,862,463$23,886,550$217,579,654
98$405,805,733$48,011,985$24,589,011$238,581,903
99$447,097,101$50,263,755$25,311,925$261,679,565
100$492,597,012$52,622,686$26,055,881$287,084,428