Can I retire at age 57 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$594,569$589,273$584,106$579,063$574,138$568,142
2 years$294,341$288,859$283,547$278,396$273,399$267,361
3 years$194,278$188,773$183,473$178,371$173,456$167,563
4 years$144,257$138,768$133,522$128,506$123,710$118,008
5 years$114,251$108,796$103,618$98,705$94,042$88,547
6 years$94,255$88,840$83,739$78,935$74,413$69,131
7 years$79,977$74,608$69,587$64,897$60,517$55,452
8 years$69,273$63,953$59,016$54,440$50,205$45,356
9 years$60,953$55,682$50,830$46,371$42,280$37,645
10 years$54,300$49,081$44,315$39,972$36,025$31,601
11 years$48,860$43,694$39,014$34,788$30,982$26,766
12 years$44,331$39,217$34,624$30,514$26,849$22,836
13 years$40,501$35,441$30,934$26,939$23,413$19,599
14 years$37,221$32,215$27,795$23,913$20,523$16,903
15 years$34,381$29,429$25,095$21,327$18,070$14,637
16 years$31,899$27,000$22,752$19,096$15,971$12,720
17 years$29,711$24,866$20,704$17,157$14,161$11,086
18 years$27,768$22,978$18,900$15,462$12,591$9,686
19 years$26,031$21,296$17,302$13,971$11,223$8,481
20 years$24,471$19,789$15,879$12,654$10,024$7,440
21 years$23,060$18,433$14,605$11,484$8,971$6,537
22 years$21,780$17,206$13,461$10,442$8,041$5,752
23 years$20,613$16,092$12,429$9,509$7,218$5,067
24 years$19,544$15,078$11,495$8,673$6,488$4,469
25 years$18,563$14,150$10,646$7,921$5,838$3,945
26 years$17,658$13,298$9,874$7,242$5,259$3,485
27 years$16,822$12,515$9,169$6,629$4,741$3,081
28 years$16,047$11,793$8,524$6,074$4,278$2,726
29 years$15,327$11,125$7,932$5,570$3,863$2,412
30 years$14,656$10,507$7,388$5,112$3,490$2,136
31 years$14,030$9,932$6,888$4,695$3,156$1,893
32 years$13,444$9,398$6,427$4,314$2,854$1,677
33 years$12,894$8,900$6,000$3,968$2,583$1,487
34 years$12,378$8,435$5,606$3,650$2,339$1,319
35 years$11,893$8,001$5,242$3,360$2,118$1,170
36 years$11,435$7,594$4,903$3,095$1,919$1,038
37 years$11,004$7,212$4,590$2,852$1,740$921
38 years$10,596$6,854$4,298$2,628$1,577$818
39 years$10,209$6,518$4,027$2,423$1,430$726
40 years$9,844$6,201$3,774$2,235$1,297$644
41 years$9,496$5,903$3,539$2,062$1,177$572
42 years$9,167$5,622$3,320$1,903$1,068$508
43 years$8,853$5,356$3,115$1,757$969$451
44 years$8,555$5,106$2,924$1,622$880$401
45 years$8,270$4,869$2,746$1,498$799$356
46 years$7,999$4,645$2,579$1,384$725$316
47 years$7,740$4,432$2,423$1,279$658$281
48 years$7,493$4,231$2,277$1,181$598$250
49 years$7,256$4,041$2,140$1,092$543$222
50 years$7,030$3,860$2,012$1,009$493$197

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,200,000, adding $4,838 every year, while hoping to spend $53,252 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: 47/39/14 Blend
56$7,200,000$7,200,000$7,200,000$7,200,000
57$7,939,390$7,557,790$7,446,190$8,281,127
58$8,692,549$7,871,462$7,638,978$8,831,861
59$9,520,744$8,198,720$7,836,439$9,423,400
60$10,431,574$8,540,171$8,038,675$10,064,240
61$11,433,410$8,896,455$8,245,786$10,758,993
62$12,535,475$9,268,238$8,457,876$11,512,725
63$13,747,930$9,656,218$8,675,051$12,330,998
64$15,081,970$10,061,125$8,897,417$13,219,926
65$16,549,934$10,483,722$9,125,083$14,186,227
66$18,165,412$10,924,809$9,358,158$15,237,283
67$19,943,381$11,385,222$9,596,754$16,381,211
68$21,900,344$11,865,836$9,840,983$17,626,931
69$24,054,483$12,367,566$10,090,960$18,984,252
70$26,425,834$12,891,370$10,346,801$20,463,961
71$29,036,473$13,438,252$10,608,623$22,077,919
72$31,910,726$14,009,259$10,876,545$23,839,172
73$35,075,398$14,605,491$11,150,687$25,762,069
74$38,560,025$15,228,096$11,431,171$27,862,398
75$42,397,152$15,878,277$11,718,119$30,157,524
76$46,622,642$16,557,293$12,011,657$32,666,555
77$51,276,013$17,266,462$12,311,909$35,410,518
78$56,400,810$18,007,162$12,619,002$38,412,547
79$62,045,018$18,780,839$12,933,064$41,698,107
80$68,261,512$19,589,002$13,254,223$45,295,219
81$75,108,557$20,433,234$13,582,611$49,234,730
82$82,650,358$21,315,191$13,918,357$53,550,588
83$90,957,667$22,236,607$14,261,594$58,280,168
84$100,108,445$23,199,297$14,612,453$63,464,612
85$110,188,605$24,205,162$14,971,069$69,149,215
86$121,292,818$25,256,190$15,337,576$75,383,843
87$133,525,408$26,354,465$15,712,107$82,223,402
88$147,001,334$27,502,169$16,094,797$89,728,346
89$161,847,280$28,701,585$16,485,782$97,965,244
90$178,202,844$29,955,104$16,885,197$107,007,399
91$196,221,860$31,265,230$17,293,178$116,935,530
92$216,073,850$32,634,586$17,709,859$127,838,532
93$237,945,619$34,065,917$18,135,376$139,814,304
94$262,043,024$35,562,099$18,569,863$152,970,662
95$288,592,913$37,126,143$19,013,454$167,426,352
96$317,845,268$38,761,202$19,466,283$183,312,159
97$350,075,564$40,470,579$19,928,482$200,772,134
98$385,587,368$42,257,734$20,400,182$219,964,939
99$424,715,204$44,126,288$20,881,513$241,065,341
100$467,827,714$46,080,035$21,372,603$264,265,845