Can I retire at age 57 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$602,827$597,458$592,219$587,105$582,112$565,519
2 years$298,429$292,871$287,485$282,262$277,196$260,608
3 years$196,977$191,395$186,022$180,848$175,865$159,801
4 years$146,260$140,695$135,376$130,291$125,428$110,012
5 years$115,838$110,307$105,057$100,076$95,349$80,623
6 years$95,564$90,074$84,902$80,031$75,446$61,424
7 years$81,087$75,644$70,554$65,798$61,358$48,039
8 years$70,235$64,841$59,835$55,197$50,902$38,280
9 years$61,799$56,456$51,536$47,015$42,867$30,929
10 years$55,054$49,763$44,930$40,528$36,525$25,254
11 years$49,539$44,301$39,556$35,271$31,413$20,791
12 years$44,947$39,762$35,105$30,938$27,221$17,229
13 years$41,064$35,933$31,364$27,313$23,738$14,352
14 years$37,738$32,662$28,181$24,246$20,808$12,006
15 years$34,859$29,838$25,443$21,623$18,321$10,079
16 years$32,342$27,376$23,068$19,361$16,192$8,485
17 years$30,123$25,212$20,991$17,396$14,357$7,160
18 years$28,153$23,297$19,162$15,677$12,766$6,054
19 years$26,393$21,591$17,542$14,165$11,378$5,128
20 years$24,810$20,064$16,099$12,830$10,163$4,349
21 years$23,381$18,689$14,808$11,644$9,095$3,693
22 years$22,082$17,445$13,648$10,587$8,153$3,139
23 years$20,899$16,316$12,602$9,642$7,318$2,670
24 years$19,816$15,287$11,654$8,794$6,578$2,273
25 years$18,821$14,346$10,794$8,031$5,919$1,936
26 years$17,904$13,483$10,011$7,343$5,332$1,650
27 years$17,056$12,689$9,296$6,721$4,807$1,407
28 years$16,270$11,957$8,642$6,158$4,337$1,200
29 years$15,540$11,280$8,042$5,647$3,916$1,024
30 years$14,860$10,653$7,491$5,183$3,539$873
31 years$14,225$10,070$6,984$4,760$3,199$746
32 years$13,630$9,529$6,516$4,374$2,894$637
33 years$13,073$9,024$6,084$4,023$2,619$544
34 years$12,550$8,552$5,684$3,701$2,371$464
35 years$12,058$8,112$5,314$3,407$2,148$396
36 years$11,594$7,699$4,972$3,138$1,946$339
37 years$11,156$7,313$4,653$2,891$1,764$289
38 years$10,743$6,950$4,358$2,665$1,599$247
39 years$10,351$6,608$4,083$2,457$1,450$211
40 years$9,980$6,287$3,827$2,266$1,315$180
41 years$9,628$5,985$3,588$2,091$1,193$154
42 years$9,294$5,700$3,366$1,930$1,083$132
43 years$8,976$5,431$3,158$1,781$983$113
44 years$8,673$5,177$2,965$1,645$892$96
45 years$8,385$4,936$2,784$1,519$810$82
46 years$8,110$4,709$2,615$1,403$735$70
47 years$7,848$4,494$2,456$1,296$668$60
48 years$7,597$4,290$2,308$1,198$606$51
49 years$7,357$4,097$2,170$1,107$551$44
50 years$7,127$3,913$2,040$1,023$500$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,300,000, adding $3,162 every year, while hoping to spend $38,685 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: 67/8/25 Blend
56$7,300,000$7,300,000$7,300,000$7,300,000
57$8,047,862$7,660,962$7,547,812$8,534,869
58$8,827,583$7,995,188$7,759,503$9,196,894
59$9,685,539$8,344,495$7,976,989$9,915,969
60$10,629,670$8,709,581$8,200,424$10,701,534
61$11,668,722$9,091,177$8,429,964$11,560,150
62$12,812,335$9,490,047$8,665,771$12,499,040
63$14,071,128$9,906,995$8,908,009$13,526,154
64$15,456,804$10,342,859$9,156,849$14,650,248
65$16,982,258$10,798,518$9,412,462$15,880,961
66$18,661,697$11,274,894$9,675,028$17,228,905
67$20,510,776$11,772,951$9,944,729$18,705,770
68$22,546,748$12,293,698$10,221,750$20,324,424
69$24,788,622$12,838,194$10,506,283$22,099,041
70$27,257,342$13,407,546$10,798,525$24,045,232
71$29,975,991$14,002,916$11,098,675$26,180,185
72$32,970,001$14,625,519$11,406,941$28,522,836
73$36,267,400$15,276,627$11,723,531$31,094,039
74$39,899,068$15,957,575$12,048,663$33,916,762
75$43,899,037$16,669,760$12,382,557$37,016,307
76$48,304,806$17,414,646$12,725,440$40,420,543
77$53,157,697$18,193,765$13,077,543$44,160,168
78$58,503,246$19,008,723$13,439,105$48,268,999
79$64,391,630$19,861,204$13,810,368$52,784,288
80$70,878,143$20,752,969$14,191,582$57,747,073
81$78,023,715$21,685,866$14,583,001$63,202,563
82$85,895,489$22,661,828$14,984,886$69,200,562
83$94,567,454$23,682,884$15,397,506$75,795,939
84$104,121,145$24,751,155$15,821,133$83,049,142
85$114,646,409$25,868,869$16,256,048$91,026,769
86$126,242,254$27,038,354$16,702,536$99,802,191
87$139,017,785$28,262,055$17,160,893$109,456,247
88$153,093,233$29,542,530$17,631,417$120,078,000
89$168,601,090$30,882,461$18,114,416$131,765,577
90$185,687,356$32,284,657$18,610,205$144,627,097
91$204,512,924$33,752,063$19,119,104$158,781,680
92$225,255,092$35,287,764$19,641,444$174,360,579
93$248,109,240$36,894,992$20,177,560$191,508,408
94$273,290,671$38,577,136$20,727,797$210,384,509
95$301,036,649$40,337,744$21,292,508$231,164,450
96$331,608,631$42,180,538$21,872,051$254,041,684
97$365,294,743$44,109,416$22,466,796$279,229,366
98$402,412,492$46,128,462$23,077,119$306,962,366
99$443,311,768$48,241,959$23,703,404$337,499,480
100$488,378,146$50,454,393$24,346,046$371,125,873