Can I retire at age 57 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$627,601$622,011$616,556$611,233$606,035$582,219
2 years$310,694$304,907$299,299$293,862$288,588$264,886
3 years$205,072$199,260$193,666$188,280$183,092$160,250
4 years$152,271$146,477$140,940$135,645$130,583$108,774
5 years$120,599$114,840$109,375$104,189$99,267$78,547
6 years$99,491$93,775$88,391$83,320$78,547$58,929
7 years$84,420$78,753$73,453$68,502$63,879$45,357
8 years$73,122$67,505$62,294$57,465$52,994$35,549
9 years$64,339$58,776$53,654$48,947$44,629$28,235
10 years$57,317$51,808$46,777$42,193$38,026$22,651
11 years$51,575$46,121$41,182$36,721$32,704$18,313
12 years$46,794$41,396$36,548$32,209$28,340$14,895
13 years$42,751$37,410$32,653$28,436$24,713$12,173
14 years$39,289$34,005$29,339$25,242$21,663$9,987
15 years$36,291$31,064$26,489$22,511$19,074$8,219
16 years$33,671$28,501$24,016$20,157$16,858$6,781
17 years$31,361$26,248$21,854$18,110$14,947$5,605
18 years$29,310$24,254$19,950$16,321$13,290$4,642
19 years$27,477$22,479$18,263$14,748$11,846$3,849
20 years$25,830$20,888$16,761$13,357$10,581$3,195
21 years$24,341$19,457$15,417$12,122$9,469$2,655
22 years$22,990$18,162$14,209$11,022$8,488$2,208
23 years$21,758$16,987$13,119$10,038$7,619$1,837
24 years$20,630$15,915$12,133$9,155$6,848$1,529
25 years$19,594$14,936$11,238$8,361$6,162$1,274
26 years$18,639$14,037$10,422$7,645$5,551$1,061
27 years$17,757$13,211$9,678$6,997$5,004$885
28 years$16,939$12,448$8,997$6,411$4,516$737
29 years$16,179$11,744$8,373$5,879$4,077$615
30 years$15,470$11,091$7,799$5,396$3,684$513
31 years$14,809$10,484$7,271$4,955$3,331$428
32 years$14,190$9,920$6,784$4,554$3,013$357
33 years$13,610$9,395$6,334$4,188$2,727$298
34 years$13,066$8,904$5,918$3,853$2,469$248
35 years$12,553$8,445$5,533$3,547$2,236$207
36 years$12,071$8,016$5,176$3,267$2,026$173
37 years$11,615$7,613$4,845$3,010$1,836$144
38 years$11,184$7,235$4,537$2,774$1,665$120
39 years$10,777$6,880$4,250$2,558$1,510$101
40 years$10,390$6,546$3,984$2,359$1,369$84
41 years$10,024$6,231$3,736$2,177$1,242$70
42 years$9,676$5,934$3,504$2,009$1,127$58
43 years$9,345$5,654$3,288$1,855$1,023$49
44 years$9,030$5,389$3,087$1,712$929$41
45 years$8,730$5,139$2,898$1,581$843$34
46 years$8,443$4,903$2,722$1,461$765$28
47 years$8,170$4,679$2,557$1,350$695$24
48 years$7,909$4,466$2,403$1,247$631$20
49 years$7,659$4,265$2,259$1,153$573$16
50 years$7,420$4,074$2,124$1,065$521$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,600,000, adding $3,756 every year, while hoping to spend $48,897 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: 59/32/9 Blend
56$7,600,000$7,600,000$7,600,000$7,600,000
57$8,379,074$7,976,274$7,858,474$8,856,033
58$9,181,714$8,315,086$8,069,707$9,515,682
59$10,064,584$8,668,860$8,286,378$10,228,744
60$11,035,816$9,038,279$8,508,616$11,005,031
61$12,104,370$9,424,056$8,736,556$11,850,621
62$13,280,119$9,826,937$8,970,333$12,772,195
63$14,573,938$10,247,704$9,210,086$13,777,100
64$15,997,813$10,687,175$9,455,957$14,873,417
65$17,564,949$11,146,206$9,708,091$16,070,034
66$19,289,897$11,625,693$9,966,635$17,376,724
67$21,188,690$12,126,575$10,231,741$18,804,241
68$23,278,992$12,649,833$10,503,560$20,364,416
69$25,580,271$13,196,497$10,782,251$22,070,264
70$28,113,976$13,767,642$11,067,973$23,936,108
71$30,903,740$14,364,395$11,360,889$25,977,708
72$33,975,608$14,987,937$11,661,165$28,212,409
73$37,358,276$15,639,502$11,968,971$30,659,300
74$41,083,367$16,320,384$12,284,478$33,339,391
75$45,185,725$17,031,938$12,607,863$36,275,809
76$49,703,748$17,775,582$12,939,305$39,494,011
77$54,679,744$18,552,800$13,278,986$43,022,022
78$60,160,339$19,365,147$13,627,092$46,890,696
79$66,196,906$20,214,252$13,983,813$51,134,000
80$72,846,060$21,101,820$14,349,340$55,789,333
81$80,170,185$22,029,636$14,723,870$60,897,875
82$88,238,027$22,999,571$15,107,603$66,504,968
83$97,125,339$24,013,584$15,500,740$72,660,544
84$106,915,598$25,073,724$15,903,490$79,419,585
85$117,700,793$26,182,140$16,316,061$86,842,641
86$129,582,292$27,341,083$16,738,666$94,996,395
87$142,671,798$28,552,908$17,171,524$103,954,286
88$157,092,405$29,820,085$17,614,854$113,797,197
89$172,979,759$31,145,198$18,068,880$124,614,209
90$190,483,337$32,530,955$18,533,830$136,503,442
91$209,767,858$33,980,192$19,009,935$149,572,966
92$231,014,840$35,495,882$19,497,428$163,941,819
93$254,424,310$37,081,137$19,996,548$179,741,123
94$280,216,694$38,739,217$20,507,536$197,115,312
95$308,634,896$40,473,537$21,030,638$216,223,486
96$339,946,591$42,287,676$21,566,100$237,240,907
97$374,446,754$44,185,383$22,114,175$260,360,644
98$412,460,439$46,170,583$22,675,116$285,795,384
99$454,345,855$48,247,393$23,249,184$313,779,431
100$500,497,738$50,420,121$23,836,637$344,570,907