Can I retire at age 57 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$619,343$613,826$608,444$603,190$598,061$574,559
2 years$306,605$300,895$295,361$289,995$284,791$261,401
3 years$202,373$196,638$191,118$185,803$180,683$158,141
4 years$150,267$144,550$139,085$133,860$128,865$107,342
5 years$119,012$113,329$107,936$102,818$97,961$77,513
6 years$98,182$92,542$87,228$82,224$77,513$58,153
7 years$83,309$77,716$72,487$67,601$63,039$44,760
8 years$72,160$66,617$61,475$56,709$52,297$35,081
9 years$63,492$58,002$52,948$48,303$44,041$27,863
10 years$56,562$51,126$46,161$41,638$37,526$22,353
11 years$50,896$45,515$40,640$36,237$32,273$18,072
12 years$46,178$40,851$36,067$31,785$27,967$14,699
13 years$42,189$36,918$32,223$28,062$24,388$12,013
14 years$38,772$33,557$28,953$24,910$21,378$9,856
15 years$35,814$30,655$26,140$22,215$18,823$8,111
16 years$33,228$28,126$23,700$19,891$16,636$6,691
17 years$30,948$25,903$21,566$17,872$14,751$5,532
18 years$28,925$23,935$19,687$16,106$13,116$4,581
19 years$27,116$22,183$18,023$14,554$11,690$3,798
20 years$25,490$20,613$16,540$13,181$10,442$3,153
21 years$24,021$19,201$15,214$11,963$9,344$2,620
22 years$22,687$17,923$14,022$10,877$8,376$2,179
23 years$21,471$16,763$12,947$9,906$7,519$1,813
24 years$20,358$15,706$11,974$9,035$6,758$1,509
25 years$19,336$14,739$11,090$8,251$6,081$1,257
26 years$18,394$13,852$10,285$7,544$5,478$1,047
27 years$17,523$13,037$9,551$6,905$4,939$873
28 years$16,716$12,284$8,879$6,327$4,456$728
29 years$15,966$11,589$8,262$5,802$4,024$607
30 years$15,267$10,945$7,696$5,325$3,636$506
31 years$14,614$10,346$7,175$4,890$3,287$422
32 years$14,004$9,790$6,694$4,494$2,973$352
33 years$13,431$9,271$6,251$4,133$2,691$294
34 years$12,894$8,787$5,840$3,803$2,436$245
35 years$12,388$8,334$5,460$3,500$2,207$205
36 years$11,912$7,910$5,108$3,224$1,999$171
37 years$11,462$7,513$4,781$2,970$1,812$142
38 years$11,037$7,140$4,477$2,738$1,643$119
39 years$10,635$6,789$4,194$2,524$1,490$99
40 years$10,254$6,460$3,931$2,328$1,351$83
41 years$9,892$6,149$3,686$2,148$1,226$69
42 years$9,549$5,856$3,458$1,983$1,112$58
43 years$9,222$5,580$3,245$1,830$1,010$48
44 years$8,911$5,319$3,046$1,690$916$40
45 years$8,615$5,072$2,860$1,561$832$34
46 years$8,332$4,838$2,686$1,442$755$28
47 years$8,063$4,617$2,524$1,332$686$23
48 years$7,805$4,408$2,372$1,231$623$20
49 years$7,558$4,209$2,229$1,137$566$16
50 years$7,323$4,021$2,096$1,051$514$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,500,000, adding $2,058 every year, while hoping to spend $56,733 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: 34/46/20 Blend
56$7,500,000$7,500,000$7,500,000$7,500,000
57$8,267,123$7,869,623$7,753,373$8,497,420
58$9,050,006$8,194,871$7,952,747$8,992,901
59$9,910,842$8,534,155$8,156,899$9,521,476
60$10,857,521$8,888,102$8,365,929$10,090,304
61$11,898,739$9,257,370$8,579,939$10,702,979
62$13,044,074$9,642,644$8,799,030$11,363,443
63$14,304,081$10,044,645$9,023,309$12,076,020
64$15,690,388$10,464,123$9,252,881$12,845,451
65$17,215,808$10,901,866$9,487,852$13,676,938
66$18,894,458$11,358,695$9,728,333$14,576,192
67$20,741,894$11,835,472$9,974,434$15,549,478
68$22,775,254$12,333,098$10,226,265$16,603,676
69$25,013,425$12,852,514$10,483,939$17,746,340
70$27,477,214$13,394,707$10,747,571$18,985,766
71$30,189,551$13,960,709$11,017,276$20,331,067
72$33,175,701$14,551,600$11,293,170$21,792,255
73$36,463,503$15,168,508$11,575,371$23,380,330
74$40,083,632$15,812,618$11,863,999$25,107,382
75$44,069,892$16,485,165$12,159,172$26,986,697
76$48,459,529$17,187,446$12,461,012$29,032,881
77$53,293,586$17,920,816$12,769,641$31,261,991
78$58,617,288$18,686,693$13,085,181$33,691,684
79$64,480,473$19,486,562$13,407,756$36,341,373
80$70,938,056$20,321,978$13,737,490$39,232,411
81$78,050,550$21,194,568$14,074,509$42,388,282
82$85,884,638$22,106,034$14,418,937$45,834,818
83$94,513,801$23,058,159$14,770,901$49,600,438
84$104,019,009$24,052,809$15,130,527$53,716,407
85$114,489,490$25,091,939$15,497,941$58,217,125
86$126,023,568$26,177,593$15,873,271$63,140,446
87$138,729,589$27,311,913$16,256,644$68,528,026
88$152,726,951$28,497,140$16,648,185$74,425,707
89$168,147,222$29,735,622$17,048,021$80,883,946
90$185,135,388$31,029,817$17,456,279$87,958,278
91$203,851,217$32,382,298$17,873,084$95,709,832
92$224,470,770$33,795,758$18,298,561$104,205,901
93$247,188,058$35,273,021$18,732,833$113,520,566
94$272,216,880$36,817,039$19,176,023$123,735,383
95$299,792,835$38,430,906$19,628,252$134,940,144
96$330,175,546$40,117,863$20,089,641$147,233,715
97$363,651,116$41,881,302$20,560,307$160,724,952
98$400,534,819$43,724,776$21,040,368$175,533,724
99$441,174,086$45,652,005$21,529,935$191,792,024
100$485,951,777$47,666,887$22,029,122$209,645,206