Can I retire at age 57 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$611,085$605,642$600,331$595,148$590,086$567,796
2 years$302,517$296,883$291,423$286,129$280,994$258,795
3 years$199,675$194,016$188,570$183,325$178,274$156,865
4 years$148,264$142,623$137,231$132,076$127,146$106,691
5 years$117,425$111,818$106,497$101,447$96,655$77,206
6 years$96,873$91,308$86,065$81,128$76,480$58,051
7 years$82,198$76,680$71,520$66,700$62,198$44,784
8 years$71,197$65,729$60,655$55,953$51,600$35,183
9 years$62,646$57,229$52,242$47,659$43,454$28,013
10 years$55,808$50,444$45,546$41,083$37,025$22,531
11 years$50,218$44,908$40,098$35,754$31,843$18,263
12 years$45,562$40,307$35,586$31,361$27,594$14,894
13 years$41,626$36,426$31,794$27,687$24,063$12,206
14 years$38,255$33,110$28,567$24,578$21,093$10,042
15 years$35,336$30,246$25,792$21,919$18,572$8,288
16 years$32,785$27,751$23,384$19,626$16,414$6,857
17 years$30,536$25,557$21,279$17,634$14,554$5,686
18 years$28,539$23,616$19,425$15,892$12,941$4,722
19 years$26,754$21,887$17,782$14,360$11,534$3,928
20 years$25,150$20,339$16,320$13,005$10,303$3,270
21 years$23,701$18,945$15,011$11,803$9,220$2,726
22 years$22,385$17,684$13,835$10,732$8,264$2,274
23 years$21,185$16,540$12,774$9,774$7,418$1,898
24 years$20,087$15,496$11,814$8,914$6,668$1,585
25 years$19,078$14,543$10,942$8,141$6,000$1,325
26 years$18,149$13,668$10,148$7,444$5,405$1,107
27 years$17,289$12,863$9,423$6,813$4,873$926
28 years$16,493$12,121$8,760$6,242$4,397$774
29 years$15,753$11,434$8,152$5,724$3,970$648
30 years$15,063$10,799$7,594$5,254$3,587$542
31 years$14,419$10,208$7,079$4,825$3,243$454
32 years$13,817$9,659$6,605$4,434$2,934$380
33 years$13,252$9,147$6,167$4,078$2,655$318
34 years$12,722$8,670$5,762$3,752$2,404$266
35 years$12,223$8,223$5,387$3,454$2,177$223
36 years$11,753$7,805$5,040$3,181$1,973$186
37 years$11,309$7,413$4,717$2,931$1,788$156
38 years$10,890$7,045$4,417$2,701$1,621$131
39 years$10,493$6,699$4,139$2,491$1,470$109
40 years$10,117$6,373$3,879$2,297$1,333$92
41 years$9,760$6,067$3,637$2,120$1,210$77
42 years$9,421$5,778$3,412$1,956$1,098$64
43 years$9,099$5,505$3,202$1,806$996$54
44 years$8,792$5,248$3,005$1,667$904$45
45 years$8,500$5,004$2,822$1,540$821$38
46 years$8,221$4,774$2,650$1,422$745$32
47 years$7,955$4,556$2,490$1,314$677$26
48 years$7,701$4,349$2,340$1,214$615$22
49 years$7,458$4,153$2,199$1,122$558$19
50 years$7,225$3,967$2,068$1,037$507$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,400,000, adding $2,509 every year, while hoping to spend $57,685 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: 61/27/12 Blend
56$7,400,000$7,400,000$7,400,000$7,400,000
57$8,157,388$7,765,188$7,650,488$8,631,501
58$8,928,065$8,084,306$7,845,403$9,269,206
59$9,775,418$8,417,127$8,044,914$9,957,976
60$10,707,207$8,764,262$8,249,115$10,708,145
61$11,731,981$9,126,350$8,458,099$11,525,655
62$12,859,160$9,504,058$8,671,962$12,417,037
63$14,099,122$9,898,085$8,890,802$13,389,480
64$15,463,304$10,309,162$9,114,714$14,450,888
65$16,964,303$10,738,053$9,343,799$15,609,960
66$18,616,001$11,185,558$9,578,156$16,876,268
67$20,433,695$11,652,512$9,817,886$18,260,342
68$22,434,238$12,139,791$10,063,091$19,773,772
69$24,636,200$12,648,311$10,313,875$21,429,315
70$27,060,043$13,179,028$10,570,340$23,241,009
71$29,728,313$13,732,946$10,832,592$25,224,306
72$32,665,853$14,311,112$11,100,735$27,396,219
73$35,900,037$14,914,624$11,374,877$29,775,471
74$39,461,029$15,544,629$11,655,124$32,382,679
75$43,382,068$16,202,329$11,941,584$35,240,538
76$47,699,776$16,888,981$12,234,365$38,374,040
77$52,454,512$17,605,900$12,533,575$41,810,698
78$57,690,746$18,354,463$12,839,323$45,580,810
79$63,457,481$19,136,110$13,151,719$49,717,740
80$69,808,714$19,952,350$13,470,872$54,258,225
81$76,803,948$20,804,760$13,796,892$59,242,727
82$84,508,751$21,694,993$14,129,888$64,715,802
83$92,995,374$22,624,778$14,469,969$70,726,522
84$102,343,434$23,595,924$14,817,245$77,328,936
85$112,640,666$24,610,326$15,171,825$84,582,570
86$123,983,749$25,669,967$15,533,816$92,552,988
87$136,479,219$26,776,924$15,903,327$101,312,409
88$150,244,475$27,933,368$16,280,463$110,940,379
89$165,408,885$29,141,577$16,665,332$121,524,521
90$182,115,007$30,403,930$17,058,037$133,161,352
91$200,519,939$31,722,924$17,458,682$145,957,196
92$220,796,793$33,101,168$17,867,369$160,029,176
93$243,136,337$34,541,396$18,284,196$175,506,316
94$267,748,790$36,046,471$18,709,263$192,530,753
95$294,865,808$37,619,389$19,142,665$211,259,073
96$324,742,671$39,263,290$19,584,496$231,863,780
97$357,660,692$40,981,460$20,034,844$254,534,920
98$393,929,870$42,777,339$20,493,799$279,481,869
99$433,891,820$44,654,531$20,961,445$306,935,296
100$477,922,993$46,616,811$21,437,861$337,149,341