Can I retire at age 57 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$635,859$630,195$624,669$619,275$614,009$591,049
2 years$314,782$308,919$303,237$297,729$292,385$269,516
3 years$207,770$201,882$196,215$190,758$185,501$163,442
4 years$154,274$148,405$142,794$137,430$132,301$111,221
5 years$122,186$116,351$110,814$105,559$100,573$80,526
6 years$100,800$95,009$89,554$84,417$79,580$60,581
7 years$85,531$79,789$74,420$69,404$64,720$46,762
8 years$74,084$68,394$63,114$58,221$53,691$36,759
9 years$65,185$59,549$54,360$49,591$45,216$29,286
10 years$58,071$52,490$47,392$42,748$38,526$23,569
11 years$52,254$46,728$41,723$37,204$33,134$19,117
12 years$47,409$41,941$37,029$32,633$28,713$15,602
13 years$43,314$37,902$33,083$28,810$25,038$12,794
14 years$39,806$34,452$29,725$25,574$21,948$10,533
15 years$36,769$31,473$26,838$22,808$19,325$8,699
16 years$34,114$28,876$24,332$20,422$17,080$7,203
17 years$31,774$26,593$22,141$18,349$15,144$5,977
18 years$29,696$24,573$20,212$16,536$13,465$4,968
19 years$27,839$22,774$18,503$14,942$12,002$4,135
20 years$26,170$21,163$16,981$13,533$10,720$3,446
21 years$24,662$19,713$15,620$12,282$9,594$2,874
22 years$23,292$18,401$14,396$11,167$8,599$2,400
23 years$22,044$17,210$13,292$10,170$7,719$2,005
24 years$20,901$16,125$12,293$9,275$6,938$1,675
25 years$19,852$15,132$11,386$8,471$6,243$1,401
26 years$18,885$14,222$10,560$7,745$5,624$1,172
27 years$17,990$13,384$9,806$7,090$5,070$981
28 years$17,162$12,612$9,116$6,496$4,575$821
29 years$16,391$11,898$8,483$5,957$4,131$687
30 years$15,674$11,236$7,901$5,467$3,733$576
31 years$15,004$10,622$7,366$5,021$3,375$482
32 years$14,377$10,051$6,873$4,614$3,053$404
33 years$13,790$9,518$6,417$4,243$2,763$338
34 years$13,238$9,021$5,996$3,904$2,501$283
35 years$12,719$8,556$5,606$3,594$2,266$238
36 years$12,229$8,121$5,244$3,310$2,053$199
37 years$11,768$7,713$4,908$3,050$1,860$167
38 years$11,331$7,330$4,596$2,811$1,687$140
39 years$10,918$6,970$4,306$2,592$1,529$117
40 years$10,527$6,632$4,036$2,391$1,387$98
41 years$10,156$6,313$3,785$2,206$1,259$82
42 years$9,803$6,012$3,550$2,035$1,142$69
43 years$9,468$5,728$3,331$1,879$1,036$58
44 years$9,149$5,460$3,127$1,735$941$48
45 years$8,845$5,207$2,936$1,602$854$41
46 years$8,554$4,967$2,758$1,480$775$34
47 years$8,278$4,740$2,591$1,367$704$29
48 years$8,013$4,525$2,435$1,263$639$24
49 years$7,760$4,321$2,289$1,168$581$20
50 years$7,518$4,128$2,152$1,079$528$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,700,000, adding $3,200 every year, while hoping to spend $20,740 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: 62/19/19 Blend
56$7,700,000$7,700,000$7,700,000$7,700,000
57$8,488,701$8,080,601$7,961,251$8,973,415
58$9,332,481$8,454,483$8,205,886$9,674,478
59$10,261,632$8,845,990$8,458,020$10,436,907
60$11,284,839$9,255,965$8,717,885$11,268,800
61$12,411,674$9,685,288$8,985,715$12,176,918
62$13,652,682$10,134,885$9,261,755$13,168,699
63$15,019,487$10,605,726$9,546,255$14,252,326
64$16,524,895$11,098,826$9,839,474$15,436,802
65$18,183,016$11,615,251$10,141,678$16,732,034
66$20,009,402$12,156,117$10,453,143$18,148,923
67$22,021,189$12,722,594$10,774,151$19,699,466
68$24,237,259$13,315,910$11,104,994$21,396,866
69$26,678,421$13,937,350$11,445,972$23,255,655
70$29,367,603$14,588,264$11,797,395$25,291,830
71$32,330,073$15,270,063$12,159,583$27,522,998
72$35,593,675$15,984,231$12,532,863$29,968,543
73$39,189,091$16,732,319$12,917,575$32,649,806
74$43,150,132$17,515,957$13,314,069$35,590,279
75$47,514,058$18,336,852$13,722,703$38,815,832
76$52,321,927$19,196,793$14,143,848$42,354,947
77$57,618,984$20,097,656$14,577,887$46,238,985
78$63,455,088$21,041,408$15,025,214$50,502,481
79$69,885,181$22,030,112$15,486,233$55,183,467
80$76,969,811$23,065,929$15,961,363$60,323,822
81$84,775,698$24,151,125$16,451,035$65,969,670
82$93,376,367$25,288,078$16,955,692$72,171,806
83$102,852,840$26,479,278$17,475,792$78,986,175
84$113,294,405$27,727,337$18,011,806$86,474,394
85$124,799,452$29,034,995$18,564,219$94,704,329
86$137,476,409$30,405,122$19,133,533$103,750,732
87$151,444,758$31,840,729$19,720,262$113,695,942
88$166,836,170$33,344,971$20,324,938$124,630,653
89$183,795,744$34,921,159$20,948,107$136,654,770
90$202,483,376$36,572,762$21,590,335$149,878,343
91$223,075,271$38,303,419$22,252,202$164,422,603
92$245,765,606$40,116,943$22,934,308$180,421,094
93$270,768,359$42,017,334$23,637,269$198,020,937
94$298,319,335$44,008,787$24,361,720$217,384,201
95$328,678,387$46,095,697$25,108,318$238,689,436
96$362,131,873$48,282,677$25,877,737$262,133,342
97$398,995,355$50,574,559$26,670,673$287,932,626
98$439,616,583$52,976,414$27,487,841$316,326,034
99$484,378,772$55,493,557$28,329,982$347,576,601
100$533,704,226$58,131,560$29,197,855$381,974,120