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%13.9%
1 years$635,859$630,195$624,669$619,275$614,009$604,086
2 years$314,782$308,919$303,237$297,729$292,385$282,415
3 years$207,770$201,882$196,215$190,758$185,501$175,794
4 years$154,274$148,405$142,794$137,430$132,301$122,932
5 years$122,186$116,351$110,814$105,559$100,573$91,570
6 years$100,800$95,009$89,554$84,417$79,580$70,952
7 years$85,531$79,789$74,420$69,404$64,720$56,470
8 years$74,084$68,394$63,114$58,221$53,691$45,818
9 years$65,185$59,549$54,360$49,591$45,216$37,715
10 years$58,071$52,490$47,392$42,748$38,526$31,392
11 years$52,254$46,728$41,723$37,204$33,134$26,358
12 years$47,409$41,941$37,029$32,633$28,713$22,288
13 years$43,314$37,902$33,083$28,810$25,038$18,954
14 years$39,806$34,452$29,725$25,574$21,948$16,195
15 years$36,769$31,473$26,838$22,808$19,325$13,891
16 years$34,114$28,876$24,332$20,422$17,080$11,955
17 years$31,774$26,593$22,141$18,349$15,144$10,317
18 years$29,696$24,573$20,212$16,536$13,465$8,924
19 years$27,839$22,774$18,503$14,942$12,002$7,734
20 years$26,170$21,163$16,981$13,533$10,720$6,715
21 years$24,662$19,713$15,620$12,282$9,594$5,839
22 years$23,292$18,401$14,396$11,167$8,599$5,083
23 years$22,044$17,210$13,292$10,170$7,719$4,430
24 years$20,901$16,125$12,293$9,275$6,938$3,864
25 years$19,852$15,132$11,386$8,471$6,243$3,374
26 years$18,885$14,222$10,560$7,745$5,624$2,948
27 years$17,990$13,384$9,806$7,090$5,070$2,577
28 years$17,162$12,612$9,116$6,496$4,575$2,254
29 years$16,391$11,898$8,483$5,957$4,131$1,972
30 years$15,674$11,236$7,901$5,467$3,733$1,727
31 years$15,004$10,622$7,366$5,021$3,375$1,512
32 years$14,377$10,051$6,873$4,614$3,053$1,325
33 years$13,790$9,518$6,417$4,243$2,763$1,161
34 years$13,238$9,021$5,996$3,904$2,501$1,018
35 years$12,719$8,556$5,606$3,594$2,266$892
36 years$12,229$8,121$5,244$3,310$2,053$782
37 years$11,768$7,713$4,908$3,050$1,860$686
38 years$11,331$7,330$4,596$2,811$1,687$602
39 years$10,918$6,970$4,306$2,592$1,529$528
40 years$10,527$6,632$4,036$2,391$1,387$463
41 years$10,156$6,313$3,785$2,206$1,259$406
42 years$9,803$6,012$3,550$2,035$1,142$356
43 years$9,468$5,728$3,331$1,879$1,036$313
44 years$9,149$5,460$3,127$1,735$941$274
45 years$8,845$5,207$2,936$1,602$854$241
46 years$8,554$4,967$2,758$1,480$775$211
47 years$8,278$4,740$2,591$1,367$704$186
48 years$8,013$4,525$2,435$1,263$639$163
49 years$7,760$4,321$2,289$1,168$581$143
50 years$7,518$4,128$2,152$1,079$528$125

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 $5,053 every year, while hoping to spend $32,814 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: 71/17/12 Blend
56$7,700,000$7,700,000$7,700,000$7,700,000
57$8,490,612$8,082,512$7,963,162$9,071,729
58$9,321,741$8,443,641$8,195,014$9,818,576
59$10,236,545$8,821,366$8,433,534$10,631,371
60$11,243,524$9,216,465$8,678,909$11,520,238
61$12,352,045$9,629,754$8,931,334$12,492,674
62$13,572,429$10,062,086$9,191,009$13,556,931
63$14,916,046$10,514,358$9,458,137$14,722,093
64$16,395,428$10,987,507$9,732,930$15,998,156
65$18,024,383$11,482,516$10,015,604$17,396,127
66$19,818,124$12,000,413$10,306,381$18,928,121
67$21,793,418$12,542,279$10,605,490$20,607,476
68$23,968,737$13,109,241$10,913,164$22,448,877
69$26,364,440$13,702,485$11,229,647$24,468,493
70$29,002,957$14,323,251$11,555,184$26,684,127
71$31,909,007$14,972,839$11,890,031$29,115,383
72$35,109,828$15,652,611$12,234,450$31,783,847
73$38,635,436$16,363,994$12,588,709$34,713,293
74$42,518,904$17,108,483$12,953,085$37,929,899
75$46,796,679$17,887,646$13,327,860$41,462,498
76$51,508,925$18,703,125$13,713,328$45,342,840
77$56,699,897$19,556,640$14,109,786$49,605,900
78$62,418,366$20,449,995$14,517,543$54,290,195
79$68,718,074$21,385,079$14,936,915$59,438,149
80$75,658,242$22,363,873$15,368,227$65,096,494
81$83,304,132$23,388,452$15,811,812$71,316,703
82$91,727,658$24,460,991$16,268,012$78,155,472
83$101,008,069$25,583,769$16,737,180$85,675,259
84$111,232,694$26,759,175$17,219,678$93,944,861
85$122,497,767$27,989,713$17,715,875$103,040,069
86$134,909,337$29,278,007$18,226,155$113,044,371
87$148,584,266$30,626,806$18,750,907$124,049,742
88$163,651,334$32,038,992$19,290,536$136,157,507
89$180,252,455$33,517,588$19,845,454$149,479,291
90$198,544,014$35,065,758$20,416,085$164,138,071
91$218,698,344$36,686,821$21,002,865$180,269,331
92$240,905,356$38,384,256$21,606,241$198,022,335
93$265,374,326$40,161,708$22,226,674$217,561,533
94$292,335,875$42,022,999$22,864,635$239,068,108
95$322,044,143$43,972,134$23,520,609$262,741,679
96$354,779,189$46,013,313$24,195,093$288,802,180
97$390,849,636$48,150,935$24,888,598$317,491,933
98$430,595,582$50,389,614$25,601,650$349,077,925
99$474,391,812$52,734,186$26,334,786$383,854,325
100$522,651,336$55,189,720$27,088,560$422,145,252