Can I retire at age 57 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$644,117$638,379$632,782$627,318$621,983$613,448
2 years$318,870$312,931$307,176$301,595$296,182$287,599
3 years$210,468$204,504$198,763$193,235$187,910$179,545
4 years$156,278$150,332$144,648$139,215$134,019$125,936
5 years$123,772$117,862$112,253$106,930$101,879$94,102
6 years$102,109$96,243$90,717$85,513$80,614$73,152
7 years$86,641$80,825$75,386$70,305$65,560$58,416
8 years$75,046$69,282$63,934$58,977$54,389$47,561
9 years$66,032$60,322$55,066$50,235$45,803$39,290
10 years$58,825$53,171$48,008$43,303$39,027$32,822
11 years$52,932$47,335$42,265$37,687$33,564$27,663
12 years$48,025$42,486$37,509$33,057$29,086$23,481
13 years$43,876$38,395$33,512$29,184$25,364$20,047
14 years$40,323$34,900$30,111$25,906$22,234$17,198
15 years$37,246$31,881$27,186$23,104$19,576$14,813
16 years$34,557$29,251$24,648$20,687$17,301$12,801
17 years$32,186$26,939$22,429$18,587$15,341$11,094
18 years$30,082$24,893$20,475$16,751$13,640$9,638
19 years$28,201$23,070$18,744$15,136$12,158$8,390
20 years$26,510$21,438$17,202$13,708$10,860$7,317
21 years$24,982$19,969$15,822$12,441$9,718$6,391
22 years$23,595$18,640$14,583$11,312$8,711$5,589
23 years$22,330$17,434$13,465$10,302$7,819$4,894
24 years$21,173$16,334$12,453$9,396$7,028$4,289
25 years$20,110$15,329$11,534$8,581$6,324$3,762
26 years$19,130$14,407$10,697$7,846$5,697$3,303
27 years$18,224$13,558$9,933$7,182$5,136$2,901
28 years$17,384$12,776$9,234$6,580$4,634$2,550
29 years$16,604$12,053$8,593$6,034$4,185$2,243
30 years$15,877$11,382$8,004$5,538$3,781$1,973
31 years$15,199$10,760$7,462$5,086$3,419$1,736
32 years$14,564$10,181$6,962$4,674$3,092$1,529
33 years$13,969$9,642$6,501$4,298$2,799$1,346
34 years$13,410$9,138$6,074$3,955$2,534$1,186
35 years$12,884$8,667$5,678$3,640$2,295$1,045
36 years$12,388$8,227$5,312$3,353$2,079$921
37 years$11,921$7,813$4,972$3,089$1,885$812
38 years$11,479$7,426$4,656$2,847$1,709$716
39 years$11,060$7,061$4,362$2,625$1,549$631
40 years$10,664$6,718$4,089$2,422$1,405$556
41 years$10,288$6,395$3,834$2,234$1,275$491
42 years$9,931$6,090$3,596$2,062$1,157$433
43 years$9,591$5,803$3,375$1,903$1,050$382
44 years$9,268$5,531$3,168$1,757$953$337
45 years$8,959$5,275$2,974$1,623$865$297
46 years$8,666$5,032$2,794$1,499$786$262
47 years$8,385$4,802$2,625$1,385$713$231
48 years$8,117$4,584$2,466$1,280$648$204
49 years$7,861$4,377$2,318$1,183$588$180
50 years$7,616$4,182$2,179$1,093$534$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,800,000, adding $2,223 every year, while hoping to spend $52,300 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: 71/6/23 Blend
56$7,800,000$7,800,000$7,800,000$7,800,000
57$8,597,893$8,184,493$8,063,593$9,158,861
58$9,419,231$8,529,886$8,278,077$9,879,029
59$10,322,593$8,890,451$8,497,992$10,660,952
60$11,316,290$9,266,876$8,723,467$11,515,879
61$12,409,479$9,659,880$8,954,631$12,451,051
62$13,612,249$10,070,217$9,191,614$13,474,441
63$14,935,717$10,498,677$9,434,552$14,594,829
64$16,392,133$10,946,084$9,683,582$15,821,883
65$17,994,991$11,413,303$9,938,843$17,166,250
66$19,759,163$11,901,238$10,200,477$18,639,656
67$21,701,034$12,410,835$10,468,629$20,255,017
68$23,838,658$12,943,085$10,743,447$22,026,555
69$26,191,930$13,499,025$11,025,082$23,969,937
70$28,782,771$14,079,740$11,313,685$26,102,420
71$31,635,333$14,686,367$11,609,414$28,443,011
72$34,776,234$15,320,096$11,912,426$31,012,647
73$38,234,801$15,982,172$12,222,883$33,834,392
74$42,043,350$16,673,898$12,540,949$36,933,652
75$46,237,492$17,396,639$12,866,792$40,338,415
76$50,856,467$18,151,825$13,200,580$44,079,515
77$55,943,514$18,940,952$13,542,487$48,190,917
78$61,546,281$19,765,586$13,892,688$52,710,043
79$67,717,269$20,627,368$14,251,361$57,678,118
80$74,514,337$21,528,015$14,618,687$63,140,561
81$82,001,237$22,469,326$14,994,852$69,147,412
82$90,248,224$23,453,184$15,380,040$75,753,802
83$99,332,714$24,481,561$15,774,443$83,020,472
84$109,340,016$25,556,523$16,178,251$91,014,347
85$120,364,137$26,680,231$16,591,662$99,809,162
86$132,508,668$27,854,952$17,014,872$109,486,158
87$145,887,764$29,083,057$17,448,082$120,134,851
88$160,627,219$30,367,030$17,891,496$131,853,868
89$176,865,654$31,709,473$18,345,320$144,751,883
90$194,755,825$33,113,111$18,809,762$158,948,637
91$214,466,065$34,580,799$19,285,034$174,576,066
92$236,181,871$36,115,525$19,771,350$191,779,547
93$260,107,657$37,720,421$20,268,926$210,719,267
94$286,468,684$39,398,768$20,777,980$231,571,733
95$315,513,181$41,153,999$21,298,735$254,531,434
96$347,514,696$42,989,715$21,831,412$279,812,677
97$382,774,668$44,909,685$22,376,238$307,651,609
98$421,625,282$46,917,857$22,933,440$338,308,439
99$464,432,598$49,018,370$23,503,248$372,069,895
100$511,600,009$51,215,556$24,085,892$409,251,928