Can I retire at age 57 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$619,343$613,826$608,444$603,190$598,061$583,840
2 years$306,605$300,895$295,361$289,995$284,791$270,547
3 years$202,373$196,638$191,118$185,803$180,683$166,861
4 years$150,267$144,550$139,085$133,860$128,865$115,571
5 years$119,012$113,329$107,936$102,818$97,961$85,232
6 years$98,182$92,542$87,228$82,224$77,513$65,363
7 years$83,309$77,716$72,487$67,601$63,039$51,469
8 years$72,160$66,617$61,475$56,709$52,297$41,302
9 years$63,492$58,002$52,948$48,303$44,041$33,613
10 years$56,562$51,126$46,161$41,638$37,526$27,652
11 years$50,896$45,515$40,640$36,237$32,273$22,941
12 years$46,178$40,851$36,067$31,785$27,967$19,161
13 years$42,189$36,918$32,223$28,062$24,388$16,090
14 years$38,772$33,557$28,953$24,910$21,378$13,572
15 years$35,814$30,655$26,140$22,215$18,823$11,490
16 years$33,228$28,126$23,700$19,891$16,636$9,756
17 years$30,948$25,903$21,566$17,872$14,751$8,305
18 years$28,925$23,935$19,687$16,106$13,116$7,085
19 years$27,116$22,183$18,023$14,554$11,690$6,055
20 years$25,490$20,613$16,540$13,181$10,442$5,182
21 years$24,021$19,201$15,214$11,963$9,344$4,441
22 years$22,687$17,923$14,022$10,877$8,376$3,810
23 years$21,471$16,763$12,947$9,906$7,519$3,272
24 years$20,358$15,706$11,974$9,035$6,758$2,812
25 years$19,336$14,739$11,090$8,251$6,081$2,418
26 years$18,394$13,852$10,285$7,544$5,478$2,081
27 years$17,523$13,037$9,551$6,905$4,939$1,791
28 years$16,716$12,284$8,879$6,327$4,456$1,543
29 years$15,966$11,589$8,262$5,802$4,024$1,329
30 years$15,267$10,945$7,696$5,325$3,636$1,146
31 years$14,614$10,346$7,175$4,890$3,287$988
32 years$14,004$9,790$6,694$4,494$2,973$852
33 years$13,431$9,271$6,251$4,133$2,691$735
34 years$12,894$8,787$5,840$3,803$2,436$634
35 years$12,388$8,334$5,460$3,500$2,207$547
36 years$11,912$7,910$5,108$3,224$1,999$472
37 years$11,462$7,513$4,781$2,970$1,812$407
38 years$11,037$7,140$4,477$2,738$1,643$351
39 years$10,635$6,789$4,194$2,524$1,490$303
40 years$10,254$6,460$3,931$2,328$1,351$262
41 years$9,892$6,149$3,686$2,148$1,226$226
42 years$9,549$5,856$3,458$1,983$1,112$195
43 years$9,222$5,580$3,245$1,830$1,010$168
44 years$8,911$5,319$3,046$1,690$916$145
45 years$8,615$5,072$2,860$1,561$832$126
46 years$8,332$4,838$2,686$1,442$755$108
47 years$8,063$4,617$2,524$1,332$686$94
48 years$7,805$4,408$2,372$1,231$623$81
49 years$7,558$4,209$2,229$1,137$566$70
50 years$7,323$4,021$2,096$1,051$514$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,500,000, adding $2,161 every year, while hoping to spend $40,932 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: 42/40/18 Blend
56$7,500,000$7,500,000$7,500,000$7,500,000
57$8,267,229$7,869,729$7,753,479$8,570,770
58$9,066,935$8,211,794$7,969,669$9,127,789
59$9,946,839$8,569,249$8,191,730$9,726,435
60$10,915,079$8,942,804$8,419,815$10,373,847
61$11,980,619$9,333,204$8,654,081$11,074,513
62$13,153,338$9,741,227$8,894,689$11,833,365
63$14,444,122$10,167,690$9,141,804$12,655,812
64$15,864,964$10,613,449$9,395,596$13,547,798
65$17,429,079$11,079,397$9,656,237$14,515,845
66$19,151,030$11,566,472$9,923,906$15,567,120
67$21,046,861$12,075,655$10,198,783$16,709,496
68$23,134,254$12,607,975$10,481,055$17,951,621
69$25,432,689$13,164,507$10,770,912$19,303,000
70$27,963,636$13,746,381$11,068,550$20,774,079
71$30,750,749$14,354,775$11,374,168$22,376,340
72$33,820,094$14,990,928$11,687,972$24,122,402
73$37,200,395$15,656,134$12,010,170$26,026,145
74$40,923,301$16,351,752$12,340,977$28,102,826
75$45,023,691$17,079,201$12,680,613$30,369,225
76$49,539,997$17,839,971$13,029,303$32,843,796
77$54,514,568$18,635,621$13,387,276$35,546,839
78$59,994,073$19,467,784$13,754,768$38,500,683
79$66,029,935$20,338,173$14,132,020$41,729,892
80$72,678,825$21,248,580$14,519,279$45,261,493
81$80,003,187$22,200,883$14,916,797$49,125,223
82$88,071,835$23,197,048$15,324,832$53,353,805
83$96,960,597$24,239,138$15,743,649$57,983,251
84$106,753,033$25,329,312$16,173,517$63,053,191
85$117,541,226$26,469,831$16,614,713$68,607,246
86$129,426,645$27,663,067$17,067,519$74,693,428
87$142,521,107$28,911,502$17,532,226$81,364,585
88$156,947,832$30,217,737$18,009,127$88,678,896
89$172,842,605$31,584,500$18,498,527$96,700,408
90$190,355,056$33,014,646$19,000,733$105,499,631
91$209,650,076$34,511,169$19,516,062$115,154,199
92$230,909,371$36,077,203$20,044,837$125,749,588
93$254,333,176$37,716,035$20,587,389$137,379,917
94$280,142,147$39,431,108$21,144,053$150,148,820
95$308,579,443$41,226,029$21,715,176$164,170,420
96$339,913,022$43,104,580$22,301,110$179,570,390
97$374,438,167$45,070,721$22,902,214$196,487,130
98$412,480,279$47,128,606$23,518,857$215,073,059
99$454,397,943$49,282,583$24,151,414$235,496,038
100$500,586,316$51,537,212$24,800,270$257,940,949