Can I retire at age 57 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$611,085$605,642$600,331$595,148$590,086$575,354
2 years$302,517$296,883$291,423$286,129$280,994$266,244
3 years$199,675$194,016$188,570$183,325$178,274$163,969
4 years$148,264$142,623$137,231$132,076$127,146$113,396
5 years$117,425$111,818$106,497$101,447$96,655$83,497
6 years$96,873$91,308$86,065$81,128$76,480$63,927
7 years$82,198$76,680$71,520$66,700$62,198$50,253
8 years$71,197$65,729$60,655$55,953$51,600$40,256
9 years$62,646$57,229$52,242$47,659$43,454$32,702
10 years$55,808$50,444$45,546$41,083$37,025$26,853
11 years$50,218$44,908$40,098$35,754$31,843$22,235
12 years$45,562$40,307$35,586$31,361$27,594$18,535
13 years$41,626$36,426$31,794$27,687$24,063$15,534
14 years$38,255$33,110$28,567$24,578$21,093$13,075
15 years$35,336$30,246$25,792$21,919$18,572$11,046
16 years$32,785$27,751$23,384$19,626$16,414$9,359
17 years$30,536$25,557$21,279$17,634$14,554$7,950
18 years$28,539$23,616$19,425$15,892$12,941$6,767
19 years$26,754$21,887$17,782$14,360$11,534$5,770
20 years$25,150$20,339$16,320$13,005$10,303$4,927
21 years$23,701$18,945$15,011$11,803$9,220$4,213
22 years$22,385$17,684$13,835$10,732$8,264$3,606
23 years$21,185$16,540$12,774$9,774$7,418$3,089
24 years$20,087$15,496$11,814$8,914$6,668$2,649
25 years$19,078$14,543$10,942$8,141$6,000$2,272
26 years$18,149$13,668$10,148$7,444$5,405$1,951
27 years$17,289$12,863$9,423$6,813$4,873$1,675
28 years$16,493$12,121$8,760$6,242$4,397$1,439
29 years$15,753$11,434$8,152$5,724$3,970$1,237
30 years$15,063$10,799$7,594$5,254$3,587$1,064
31 years$14,419$10,208$7,079$4,825$3,243$915
32 years$13,817$9,659$6,605$4,434$2,934$787
33 years$13,252$9,147$6,167$4,078$2,655$677
34 years$12,722$8,670$5,762$3,752$2,404$582
35 years$12,223$8,223$5,387$3,454$2,177$501
36 years$11,753$7,805$5,040$3,181$1,973$431
37 years$11,309$7,413$4,717$2,931$1,788$371
38 years$10,890$7,045$4,417$2,701$1,621$320
39 years$10,493$6,699$4,139$2,491$1,470$275
40 years$10,117$6,373$3,879$2,297$1,333$237
41 years$9,760$6,067$3,637$2,120$1,210$204
42 years$9,421$5,778$3,412$1,956$1,098$176
43 years$9,099$5,505$3,202$1,806$996$151
44 years$8,792$5,248$3,005$1,667$904$130
45 years$8,500$5,004$2,822$1,540$821$112
46 years$8,221$4,774$2,650$1,422$745$97
47 years$7,955$4,556$2,490$1,314$677$83
48 years$7,701$4,349$2,340$1,214$615$72
49 years$7,458$4,153$2,199$1,122$558$62
50 years$7,225$3,967$2,068$1,037$507$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,400,000, adding $5,104 every year, while hoping to spend $49,771 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: 41/45/14 Blend
56$7,400,000$7,400,000$7,400,000$7,400,000
57$8,160,065$7,767,865$7,653,165$8,460,676
58$8,939,435$8,095,534$7,856,590$9,000,913
59$9,796,634$8,437,591$8,065,162$9,579,973
60$10,739,546$8,794,689$8,279,000$10,205,626
61$11,776,860$9,167,509$8,498,227$10,882,136
62$12,918,149$9,556,766$8,722,967$11,614,186
63$14,173,962$9,963,209$8,953,347$12,406,912
64$15,555,919$10,387,620$9,189,498$13,265,953
65$17,076,827$10,830,817$9,431,550$14,197,501
66$18,750,794$11,293,658$9,679,638$15,208,355
67$20,593,369$11,777,041$9,933,900$16,305,984
68$22,621,681$12,281,905$10,194,474$17,498,590
69$24,854,606$12,809,232$10,461,502$18,795,187
70$27,312,943$13,360,051$10,735,130$20,205,680
71$30,019,611$13,935,441$11,015,504$21,740,952
72$32,999,862$14,536,528$11,302,774$23,412,969
73$36,281,523$15,164,494$11,597,093$25,234,882
74$39,895,258$15,820,573$11,898,615$27,221,151
75$43,874,854$16,506,061$12,207,498$29,387,677
76$48,257,542$17,222,311$12,523,902$31,751,943
77$53,084,349$17,970,743$12,847,991$34,333,180
78$58,400,484$18,752,840$13,179,930$37,152,540
79$64,255,763$19,570,158$13,519,887$40,233,288
80$70,705,080$20,424,326$13,868,033$43,601,021
81$77,808,928$21,317,047$14,224,541$47,283,900
82$85,633,964$22,250,108$14,589,589$51,312,911
83$94,253,642$23,225,377$14,963,354$55,722,151
84$103,748,905$24,244,812$15,346,018$60,549,141
85$114,208,949$25,310,464$15,737,765$65,835,177
86$125,732,064$26,424,478$16,138,782$71,625,708
87$138,426,561$27,589,104$16,549,258$77,970,762
88$152,411,796$28,806,696$16,969,384$84,925,404
89$167,819,295$30,079,721$17,399,355$92,550,255
90$184,793,997$31,410,761$17,839,366$100,912,046
91$203,495,618$32,802,521$18,289,618$110,084,249
92$224,100,162$34,257,836$18,750,312$120,147,751
93$246,801,582$35,779,673$19,221,650$131,191,616
94$271,813,607$37,371,140$19,703,839$143,313,908
95$299,371,764$39,035,495$20,197,087$156,622,610
96$329,735,598$40,776,149$20,701,603$171,236,632
97$363,191,122$42,596,673$21,217,600$187,286,917
98$400,053,518$44,500,812$21,745,292$204,917,668
99$440,670,111$46,492,486$22,284,893$224,287,697
100$485,423,647$48,575,803$22,836,622$245,571,907