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%15%
1 years$619,343$613,826$608,444$603,190$598,061$585,746
2 years$306,605$300,895$295,361$289,995$284,791$272,440
3 years$202,373$196,638$191,118$185,803$180,683$168,681
4 years$150,267$144,550$139,085$133,860$128,865$117,305
5 years$119,012$113,329$107,936$102,818$97,961$86,875
6 years$98,182$92,542$87,228$82,224$77,513$66,914
7 years$83,309$77,716$72,487$67,601$63,039$52,928
8 years$72,160$66,617$61,475$56,709$52,297$42,672
9 years$63,492$58,002$52,948$48,303$44,041$34,895
10 years$56,562$51,126$46,161$41,638$37,526$28,849
11 years$50,896$45,515$40,640$36,237$32,273$24,056
12 years$46,178$40,851$36,067$31,785$27,967$20,197
13 years$42,189$36,918$32,223$28,062$24,388$17,051
14 years$38,772$33,557$28,953$24,910$21,378$14,461
15 years$35,814$30,655$26,140$22,215$18,823$12,311
16 years$33,228$28,126$23,700$19,891$16,636$10,513
17 years$30,948$25,903$21,566$17,872$14,751$9,001
18 years$28,925$23,935$19,687$16,106$13,116$7,724
19 years$27,116$22,183$18,023$14,554$11,690$6,640
20 years$25,490$20,613$16,540$13,181$10,442$5,718
21 years$24,021$19,201$15,214$11,963$9,344$4,930
22 years$22,687$17,923$14,022$10,877$8,376$4,256
23 years$21,471$16,763$12,947$9,906$7,519$3,678
24 years$20,358$15,706$11,974$9,035$6,758$3,181
25 years$19,336$14,739$11,090$8,251$6,081$2,753
26 years$18,394$13,852$10,285$7,544$5,478$2,384
27 years$17,523$13,037$9,551$6,905$4,939$2,066
28 years$16,716$12,284$8,879$6,327$4,456$1,791
29 years$15,966$11,589$8,262$5,802$4,024$1,553
30 years$15,267$10,945$7,696$5,325$3,636$1,347
31 years$14,614$10,346$7,175$4,890$3,287$1,169
32 years$14,004$9,790$6,694$4,494$2,973$1,015
33 years$13,431$9,271$6,251$4,133$2,691$881
34 years$12,894$8,787$5,840$3,803$2,436$765
35 years$12,388$8,334$5,460$3,500$2,207$665
36 years$11,912$7,910$5,108$3,224$1,999$577
37 years$11,462$7,513$4,781$2,970$1,812$502
38 years$11,037$7,140$4,477$2,738$1,643$436
39 years$10,635$6,789$4,194$2,524$1,490$379
40 years$10,254$6,460$3,931$2,328$1,351$329
41 years$9,892$6,149$3,686$2,148$1,226$286
42 years$9,549$5,856$3,458$1,983$1,112$249
43 years$9,222$5,580$3,245$1,830$1,010$216
44 years$8,911$5,319$3,046$1,690$916$188
45 years$8,615$5,072$2,860$1,561$832$163
46 years$8,332$4,838$2,686$1,442$755$142
47 years$8,063$4,617$2,524$1,332$686$123
48 years$7,805$4,408$2,372$1,231$623$107
49 years$7,558$4,209$2,229$1,137$566$93
50 years$7,323$4,021$2,096$1,051$514$81

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 $5,673 every year, while hoping to spend $23,967 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: 26/45/29 Blend
56$7,500,000$7,500,000$7,500,000$7,500,000
57$8,270,852$7,873,352$7,757,102$8,410,959
58$9,088,978$8,233,645$7,991,464$8,887,514
59$9,989,750$8,610,790$8,232,874$9,396,035
60$10,981,572$9,005,586$8,481,543$9,941,154
61$12,073,705$9,418,873$8,737,687$10,525,984
62$13,276,354$9,851,528$9,001,531$11,153,931
63$14,600,764$10,304,475$9,273,304$11,828,722
64$16,059,325$10,778,678$9,553,243$12,554,434
65$17,665,693$11,275,150$9,841,593$13,335,529
66$19,434,911$11,794,950$10,138,605$14,176,894
67$21,383,561$12,339,192$10,444,537$15,083,883
68$23,529,911$12,909,039$10,759,656$16,062,359
69$25,894,094$13,505,713$11,084,236$17,118,750
70$28,498,293$14,130,495$11,418,559$18,260,101
71$31,366,955$14,784,725$11,762,917$19,494,136
72$34,527,018$15,469,811$12,117,609$20,829,329
73$38,008,168$16,187,225$12,482,943$22,274,972
74$41,843,116$16,938,514$12,859,236$23,841,262
75$46,067,909$17,725,297$13,246,816$25,539,391
76$50,722,271$18,549,271$13,646,019$27,381,642
77$55,849,973$19,412,216$14,057,191$29,381,501
78$61,499,253$20,315,997$14,480,690$31,553,776
79$67,723,266$21,262,570$14,916,882$33,914,730
80$74,580,587$22,253,984$15,366,146$36,482,228
81$82,135,766$23,292,389$15,828,871$39,275,895
82$90,459,934$24,380,036$16,305,458$42,317,295
83$99,631,477$25,519,286$16,796,320$45,630,126
84$109,736,772$26,712,616$17,301,881$49,240,433
85$120,871,008$27,962,620$17,822,580$53,176,844
86$133,139,081$29,272,018$18,358,866$57,470,835
87$146,656,583$30,643,662$18,911,203$62,157,010
88$161,550,895$32,080,543$19,480,070$67,273,421
89$177,962,391$33,585,794$20,065,956$72,861,914
90$196,045,758$35,162,701$20,669,369$78,968,513
91$215,971,461$36,814,710$21,290,829$85,643,844
92$237,927,351$38,545,431$21,930,873$92,943,593
93$262,120,436$40,358,652$22,590,052$100,929,027
94$288,778,837$42,258,343$23,268,936$109,667,552
95$318,153,942$44,248,665$23,968,108$119,233,334
96$350,522,777$46,333,982$24,688,173$129,707,988
97$386,190,623$48,518,870$25,429,749$141,181,329
98$425,493,896$50,808,125$26,193,475$153,752,203
99$468,803,326$53,206,775$26,980,009$167,529,401
100$516,527,453$55,720,095$27,790,027$182,632,672