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%14.9%
1 years$611,085$605,642$600,331$595,148$590,086$578,172
2 years$302,517$296,883$291,423$286,129$280,994$269,042
3 years$199,675$194,016$188,570$183,325$178,274$166,659
4 years$148,264$142,623$137,231$132,076$127,146$115,957
5 years$117,425$111,818$106,497$101,447$96,655$85,922
6 years$96,873$91,308$86,065$81,128$76,480$66,216
7 years$82,198$76,680$71,520$66,700$62,198$52,405
8 years$71,197$65,729$60,655$55,953$51,600$42,275
9 years$62,646$57,229$52,242$47,659$43,454$34,591
10 years$55,808$50,444$45,546$41,083$37,025$28,616
11 years$50,218$44,908$40,098$35,754$31,843$23,876
12 years$45,562$40,307$35,586$31,361$27,594$20,059
13 years$41,626$36,426$31,794$27,687$24,063$16,946
14 years$38,255$33,110$28,567$24,578$21,093$14,382
15 years$35,336$30,246$25,792$21,919$18,572$12,252
16 years$32,785$27,751$23,384$19,626$16,414$10,470
17 years$30,536$25,557$21,279$17,634$14,554$8,971
18 years$28,539$23,616$19,425$15,892$12,941$7,703
19 years$26,754$21,887$17,782$14,360$11,534$6,628
20 years$25,150$20,339$16,320$13,005$10,303$5,711
21 years$23,701$18,945$15,011$11,803$9,220$4,928
22 years$22,385$17,684$13,835$10,732$8,264$4,257
23 years$21,185$16,540$12,774$9,774$7,418$3,682
24 years$20,087$15,496$11,814$8,914$6,668$3,187
25 years$19,078$14,543$10,942$8,141$6,000$2,760
26 years$18,149$13,668$10,148$7,444$5,405$2,392
27 years$17,289$12,863$9,423$6,813$4,873$2,075
28 years$16,493$12,121$8,760$6,242$4,397$1,800
29 years$15,753$11,434$8,152$5,724$3,970$1,562
30 years$15,063$10,799$7,594$5,254$3,587$1,357
31 years$14,419$10,208$7,079$4,825$3,243$1,178
32 years$13,817$9,659$6,605$4,434$2,934$1,024
33 years$13,252$9,147$6,167$4,078$2,655$889
34 years$12,722$8,670$5,762$3,752$2,404$773
35 years$12,223$8,223$5,387$3,454$2,177$672
36 years$11,753$7,805$5,040$3,181$1,973$584
37 years$11,309$7,413$4,717$2,931$1,788$508
38 years$10,890$7,045$4,417$2,701$1,621$442
39 years$10,493$6,699$4,139$2,491$1,470$384
40 years$10,117$6,373$3,879$2,297$1,333$334
41 years$9,760$6,067$3,637$2,120$1,210$291
42 years$9,421$5,778$3,412$1,956$1,098$253
43 years$9,099$5,505$3,202$1,806$996$220
44 years$8,792$5,248$3,005$1,667$904$191
45 years$8,500$5,004$2,822$1,540$821$167
46 years$8,221$4,774$2,650$1,422$745$145
47 years$7,955$4,556$2,490$1,314$677$126
48 years$7,701$4,349$2,340$1,214$615$110
49 years$7,458$4,153$2,199$1,122$558$96
50 years$7,225$3,967$2,068$1,037$507$83

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 $5,982 every year, while hoping to spend $32,319 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: 39/47/14 Blend
56$7,400,000$7,400,000$7,400,000$7,400,000
57$8,160,970$7,768,770$7,654,070$8,444,710
58$8,959,002$8,115,053$7,876,095$8,993,278
59$9,837,350$8,477,220$8,104,473$9,582,451
60$10,804,172$8,856,016$8,339,386$10,218,794
61$11,868,458$9,252,221$8,581,015$10,906,583
62$13,040,111$9,666,651$8,829,550$11,650,503
63$14,330,047$10,100,161$9,085,184$12,455,696
64$15,750,292$10,553,649$9,348,118$13,327,801
65$17,314,097$11,028,053$9,618,555$14,273,006
66$19,036,064$11,524,357$9,896,706$15,298,102
67$20,932,284$12,043,591$10,182,787$16,410,545
68$23,020,486$12,586,837$10,477,019$17,618,517
69$25,320,207$13,155,224$10,779,631$18,931,008
70$27,852,977$13,749,938$11,090,857$20,357,888
71$30,642,517$14,372,222$11,410,938$21,910,000
72$33,714,970$15,023,376$11,740,120$23,599,256
73$37,099,140$15,704,765$12,078,658$25,438,746
74$40,826,771$16,417,818$12,426,811$27,442,854
75$44,932,841$17,164,030$12,784,849$29,627,391
76$49,455,896$17,944,972$13,153,046$32,009,735
77$54,438,408$18,762,287$13,531,685$34,608,993
78$59,927,185$19,617,698$13,921,055$37,446,173
79$65,973,802$20,513,010$14,321,455$40,544,373
80$72,635,097$21,450,115$14,733,190$43,929,000
81$79,973,701$22,430,994$15,156,576$47,627,992
82$88,058,632$23,457,726$15,591,935$51,672,085
83$96,965,946$24,532,488$16,039,598$56,095,086
84$106,779,453$25,657,561$16,499,906$60,934,191
85$117,591,513$26,835,337$16,973,208$66,230,323
86$129,503,900$28,068,321$17,459,863$72,028,509
87$142,628,769$29,359,140$17,960,240$78,378,302
88$157,089,712$30,710,547$18,474,717$85,334,229
89$173,022,925$32,125,426$19,003,682$92,956,305
90$190,578,492$33,606,801$19,547,534$101,310,580
91$209,921,805$35,157,841$20,106,683$110,469,759
92$231,235,122$36,781,867$20,681,550$120,513,871
93$254,719,287$38,482,362$21,272,565$131,531,014
94$280,595,631$40,262,974$21,880,172$143,618,175
95$309,108,053$42,127,527$22,504,825$156,882,129
96$340,525,329$44,080,031$23,146,992$171,440,435
97$375,143,648$46,124,688$23,807,151$187,422,529
98$413,289,405$48,265,902$24,485,795$204,970,933
99$455,322,283$50,508,291$25,183,429$224,242,582
100$501,638,652$52,856,693$25,900,570$245,410,288