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%13%
1 years$627,601$622,011$616,556$611,233$606,035$598,462
2 years$310,694$304,907$299,299$293,862$288,588$280,968
3 years$205,072$199,260$193,666$188,280$183,092$175,662
4 years$152,271$146,477$140,940$135,645$130,583$123,399
5 years$120,599$114,840$109,375$104,189$99,267$92,351
6 years$99,491$93,775$88,391$83,320$78,547$71,907
7 years$84,420$78,753$73,453$68,502$63,879$57,519
8 years$73,122$67,505$62,294$57,465$52,994$46,911
9 years$64,339$58,776$53,654$48,947$44,629$38,822
10 years$57,317$51,808$46,777$42,193$38,026$32,490
11 years$51,575$46,121$41,182$36,721$32,704$27,434
12 years$46,794$41,396$36,548$32,209$28,340$23,332
13 years$42,751$37,410$32,653$28,436$24,713$19,959
14 years$39,289$34,005$29,339$25,242$21,663$17,156
15 years$36,291$31,064$26,489$22,511$19,074$14,807
16 years$33,671$28,501$24,016$20,157$16,858$12,823
17 years$31,361$26,248$21,854$18,110$14,947$11,136
18 years$29,310$24,254$19,950$16,321$13,290$9,696
19 years$27,477$22,479$18,263$14,748$11,846$8,459
20 years$25,830$20,888$16,761$13,357$10,581$7,393
21 years$24,341$19,457$15,417$12,122$9,469$6,472
22 years$22,990$18,162$14,209$11,022$8,488$5,673
23 years$21,758$16,987$13,119$10,038$7,619$4,979
24 years$20,630$15,915$12,133$9,155$6,848$4,374
25 years$19,594$14,936$11,238$8,361$6,162$3,846
26 years$18,639$14,037$10,422$7,645$5,551$3,384
27 years$17,757$13,211$9,678$6,997$5,004$2,980
28 years$16,939$12,448$8,997$6,411$4,516$2,625
29 years$16,179$11,744$8,373$5,879$4,077$2,314
30 years$15,470$11,091$7,799$5,396$3,684$2,041
31 years$14,809$10,484$7,271$4,955$3,331$1,801
32 years$14,190$9,920$6,784$4,554$3,013$1,589
33 years$13,610$9,395$6,334$4,188$2,727$1,403
34 years$13,066$8,904$5,918$3,853$2,469$1,239
35 years$12,553$8,445$5,533$3,547$2,236$1,095
36 years$12,071$8,016$5,176$3,267$2,026$967
37 years$11,615$7,613$4,845$3,010$1,836$855
38 years$11,184$7,235$4,537$2,774$1,665$755
39 years$10,777$6,880$4,250$2,558$1,510$668
40 years$10,390$6,546$3,984$2,359$1,369$590
41 years$10,024$6,231$3,736$2,177$1,242$522
42 years$9,676$5,934$3,504$2,009$1,127$462
43 years$9,345$5,654$3,288$1,855$1,023$408
44 years$9,030$5,389$3,087$1,712$929$361
45 years$8,730$5,139$2,898$1,581$843$319
46 years$8,443$4,903$2,722$1,461$765$282
47 years$8,170$4,679$2,557$1,350$695$250
48 years$7,909$4,466$2,403$1,247$631$221
49 years$7,659$4,265$2,259$1,153$573$196
50 years$7,420$4,074$2,124$1,065$521$173

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 $6,160 every year, while hoping to spend $33,772 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: 25/45/30 Blend
56$7,600,000$7,600,000$7,600,000$7,600,000
57$8,381,554$7,978,754$7,860,954$8,512,412
58$9,200,539$8,333,780$8,088,363$8,978,576
59$10,101,929$8,705,070$8,322,258$9,474,761
60$11,094,094$9,093,386$8,562,821$10,006,060
61$12,186,254$9,499,525$8,810,239$10,575,450
62$13,388,573$9,924,322$9,064,702$11,186,182
63$14,712,247$10,368,654$9,326,409$11,841,817
64$16,169,614$10,833,435$9,595,562$12,546,249
65$17,774,269$11,319,628$9,872,367$13,303,740
66$19,541,192$11,828,238$10,157,040$14,118,961
67$21,486,891$12,360,319$10,449,798$14,997,023
68$23,629,555$12,916,975$10,750,867$15,943,529
69$25,989,227$13,499,364$11,060,478$16,964,619
70$28,587,993$14,108,699$11,378,870$18,067,025
71$31,450,192$14,746,248$11,706,285$19,258,125
72$34,602,640$15,413,343$12,042,975$20,546,016
73$38,074,892$16,111,379$12,389,196$21,939,575
74$41,899,510$16,841,816$12,745,214$23,448,547
75$46,112,380$17,606,185$13,111,299$25,083,626
76$50,753,046$18,406,091$13,487,730$26,856,547
77$55,865,081$19,243,214$13,874,794$28,780,200
78$61,496,503$20,119,316$14,272,783$30,868,735
79$67,700,226$21,036,242$14,682,001$33,137,694
80$74,534,557$21,995,926$15,102,756$35,604,152
81$82,063,751$23,000,395$15,535,368$38,286,865
82$90,358,613$24,051,774$15,980,162$41,206,444
83$99,497,168$25,152,287$16,437,473$44,385,540
84$109,565,398$26,304,268$16,907,647$47,849,048
85$120,658,052$27,510,160$17,391,037$51,624,337
86$132,879,541$28,772,527$17,888,005$55,741,493
87$146,344,926$30,094,051$18,398,925$60,233,598
88$161,180,997$31,477,549$18,924,177$65,137,031
89$177,527,477$32,925,967$19,464,156$70,491,798
90$195,538,338$34,442,398$20,019,263$76,341,903
91$215,383,253$36,030,080$20,589,913$82,735,748
92$237,249,200$37,692,409$21,176,530$89,726,581
93$261,342,224$39,432,943$21,779,550$97,372,981
94$287,889,385$41,255,411$22,399,419$105,739,404
95$317,140,900$43,163,723$23,036,597$114,896,771
96$349,372,503$45,161,977$23,691,554$124,923,128
97$384,888,052$47,254,467$24,364,774$135,904,366
98$424,022,392$49,445,695$25,056,753$147,935,012
99$467,144,521$51,740,380$25,768,000$161,119,112
100$514,661,071$54,143,467$26,499,037$175,571,189