Can I retire at age 57 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$586,311$581,089$575,993$571,020$566,164$559,786
2 years$290,253$284,847$279,608$274,529$269,602$263,181
3 years$191,580$186,151$180,925$175,893$171,047$164,782
4 years$142,253$136,841$131,667$126,721$121,992$115,932
5 years$112,665$107,285$102,179$97,334$92,736$86,899
6 years$92,945$87,606$82,576$77,839$73,379$67,771
7 years$78,866$73,571$68,621$63,996$59,677$54,301
8 years$68,311$63,064$58,196$53,684$49,508$44,364
9 years$60,106$54,909$50,124$45,727$41,693$36,778
10 years$53,546$48,399$43,699$39,417$35,524$30,836
11 years$48,182$43,087$38,472$34,305$30,552$26,086
12 years$43,715$38,673$34,143$30,090$26,476$22,227
13 years$39,939$34,949$30,505$26,565$23,087$19,051
14 years$36,704$31,768$27,409$23,581$20,238$16,409
15 years$33,904$29,020$24,746$21,030$17,819$14,191
16 years$31,456$26,625$22,436$18,830$15,749$12,315
17 years$29,298$24,521$20,416$16,919$13,964$10,718
18 years$27,382$22,659$18,637$15,247$12,416$9,351
19 years$25,670$21,000$17,061$13,777$11,067$8,176
20 years$24,131$19,514$15,658$12,478$9,885$7,162
21 years$22,740$18,177$14,402$11,325$8,846$6,284
22 years$21,477$16,967$13,274$10,297$7,929$5,520
23 years$20,326$15,869$12,256$9,377$7,118$4,856
24 years$19,273$14,868$11,335$8,553$6,398$4,276
25 years$18,305$13,953$10,498$7,811$5,757$3,768
26 years$17,413$13,114$9,737$7,142$5,186$3,324
27 years$16,589$12,341$9,041$6,537$4,675$2,934
28 years$15,824$11,629$8,405$5,989$4,218$2,591
29 years$15,114$10,971$7,822$5,492$3,809$2,290
30 years$14,453$10,361$7,286$5,041$3,442$2,024
31 years$13,835$9,794$6,792$4,629$3,112$1,791
32 years$13,257$9,268$6,337$4,255$2,815$1,584
33 years$12,715$8,777$5,917$3,912$2,547$1,402
34 years$12,206$8,318$5,529$3,600$2,306$1,241
35 years$11,728$7,890$5,169$3,314$2,089$1,099
36 years$11,276$7,488$4,835$3,052$1,893$974
37 years$10,851$7,112$4,526$2,812$1,715$863
38 years$10,448$6,759$4,238$2,592$1,555$764
39 years$10,068$6,427$3,971$2,390$1,410$678
40 years$9,707$6,115$3,722$2,204$1,279$601
41 years$9,364$5,821$3,490$2,034$1,161$532
42 years$9,039$5,544$3,274$1,877$1,053$472
43 years$8,730$5,282$3,072$1,733$956$418
44 years$8,436$5,035$2,883$1,600$867$371
45 years$8,155$4,801$2,707$1,477$788$329
46 years$7,888$4,580$2,543$1,365$715$292
47 years$7,633$4,371$2,389$1,261$649$259
48 years$7,389$4,173$2,245$1,165$590$230
49 years$7,155$3,985$2,110$1,077$536$204
50 years$6,932$3,806$1,984$995$486$181

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,100,000, adding $6,216 every year, while hoping to spend $54,296 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: 47/30/23 Blend
56$7,100,000$7,100,000$7,100,000$7,100,000
57$7,830,612$7,454,312$7,344,262$8,146,976
58$8,571,564$7,761,803$7,532,524$8,676,777
59$9,386,273$8,082,541$7,725,273$9,245,630
60$10,282,205$8,417,118$7,922,603$9,861,999
61$11,267,587$8,766,153$8,124,606$10,530,362
62$12,351,480$9,130,294$8,331,380$11,255,640
63$13,543,870$9,510,217$8,543,020$12,043,241
64$14,855,758$9,906,632$8,759,625$12,899,110
65$16,299,268$10,320,279$8,981,295$13,829,782
66$17,887,754$10,751,933$9,208,129$14,842,443
67$19,635,934$11,202,407$9,440,230$15,944,995
68$21,560,022$11,672,548$9,677,701$17,146,128
69$23,677,886$12,163,245$9,920,646$18,455,401
70$26,009,213$12,675,426$10,169,169$19,883,327
71$28,575,694$13,210,063$10,423,378$21,441,473
72$31,401,233$13,768,175$10,683,380$23,142,566
73$34,512,168$14,350,824$10,949,282$25,000,607
74$37,937,521$14,959,126$11,221,195$27,031,006
75$41,709,270$15,594,246$11,499,227$29,250,718
76$45,862,655$16,257,403$11,783,490$31,678,405
77$50,436,505$16,949,875$12,074,096$34,334,608
78$55,473,607$17,672,997$12,371,157$37,241,935
79$61,021,110$18,428,169$12,674,786$40,425,273
80$67,130,968$19,216,853$12,985,095$43,912,019
81$73,860,430$20,040,583$13,302,200$47,732,336
82$81,272,585$20,900,962$13,626,214$51,919,429
83$89,436,948$21,799,669$13,957,252$56,509,862
84$98,430,125$22,738,461$14,295,428$61,543,890
85$108,336,530$23,719,178$14,640,858$67,065,842
86$119,249,185$24,743,746$14,993,655$73,124,531
87$131,270,593$25,814,182$15,353,934$79,773,710
88$144,513,712$26,932,595$15,721,809$87,072,576
89$159,103,015$28,101,196$16,097,394$95,086,322
90$175,175,667$29,322,299$16,480,801$103,886,745
91$192,882,820$30,598,327$16,872,143$113,552,923
92$212,391,039$31,931,816$17,271,531$124,171,952
93$233,883,872$33,325,423$17,679,075$135,839,761
94$257,563,587$34,781,928$18,094,883$148,662,013
95$283,653,074$36,304,244$18,519,063$162,755,095
96$312,397,956$37,895,420$18,951,720$178,247,211
97$344,068,903$39,558,651$19,392,958$195,279,580
98$378,964,186$41,297,280$19,842,877$214,007,767
99$417,412,496$43,114,810$20,301,577$234,603,139
100$459,776,043$45,014,909$20,769,153$257,254,477