Can I retire at age 57 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$644,117$638,379$632,782$627,318$621,983$598,962
2 years$318,870$312,931$307,176$301,595$296,182$273,249
3 years$210,468$204,504$198,763$193,235$187,910$165,786
4 years$156,278$150,332$144,648$139,215$134,019$112,873
5 years$123,772$117,862$112,253$106,930$101,879$81,765
6 years$102,109$96,243$90,717$85,513$80,614$61,546
7 years$86,641$80,825$75,386$70,305$65,560$47,535
8 years$75,046$69,282$63,934$58,977$54,389$37,389
9 years$66,032$60,322$55,066$50,235$45,803$29,806
10 years$58,825$53,171$48,008$43,303$39,027$24,003
11 years$52,932$47,335$42,265$37,687$33,564$19,482
12 years$48,025$42,486$37,509$33,057$29,086$15,910
13 years$43,876$38,395$33,512$29,184$25,364$13,056
14 years$40,323$34,900$30,111$25,906$22,234$10,756
15 years$37,246$31,881$27,186$23,104$19,576$8,890
16 years$34,557$29,251$24,648$20,687$17,301$7,366
17 years$32,186$26,939$22,429$18,587$15,341$6,117
18 years$30,082$24,893$20,475$16,751$13,640$5,088
19 years$28,201$23,070$18,744$15,136$12,158$4,238
20 years$26,510$21,438$17,202$13,708$10,860$3,534
21 years$24,982$19,969$15,822$12,441$9,718$2,951
22 years$23,595$18,640$14,583$11,312$8,711$2,465
23 years$22,330$17,434$13,465$10,302$7,819$2,061
24 years$21,173$16,334$12,453$9,396$7,028$1,724
25 years$20,110$15,329$11,534$8,581$6,324$1,443
26 years$19,130$14,407$10,697$7,846$5,697$1,208
27 years$18,224$13,558$9,933$7,182$5,136$1,012
28 years$17,384$12,776$9,234$6,580$4,634$848
29 years$16,604$12,053$8,593$6,034$4,185$710
30 years$15,877$11,382$8,004$5,538$3,781$595
31 years$15,199$10,760$7,462$5,086$3,419$499
32 years$14,564$10,181$6,962$4,674$3,092$418
33 years$13,969$9,642$6,501$4,298$2,799$351
34 years$13,410$9,138$6,074$3,955$2,534$294
35 years$12,884$8,667$5,678$3,640$2,295$247
36 years$12,388$8,227$5,312$3,353$2,079$207
37 years$11,921$7,813$4,972$3,089$1,885$173
38 years$11,479$7,426$4,656$2,847$1,709$145
39 years$11,060$7,061$4,362$2,625$1,549$122
40 years$10,664$6,718$4,089$2,422$1,405$102
41 years$10,288$6,395$3,834$2,234$1,275$86
42 years$9,931$6,090$3,596$2,062$1,157$72
43 years$9,591$5,803$3,375$1,903$1,050$60
44 years$9,268$5,531$3,168$1,757$953$51
45 years$8,959$5,275$2,974$1,623$865$43
46 years$8,666$5,032$2,794$1,499$786$36
47 years$8,385$4,802$2,625$1,385$713$30
48 years$8,117$4,584$2,466$1,280$648$25
49 years$7,861$4,377$2,318$1,183$588$21
50 years$7,616$4,182$2,179$1,093$534$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $7,800,000, adding $5,310 every year, while hoping to spend $25,521 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: 56/16/28 Blend
56$7,800,000$7,800,000$7,800,000$7,800,000
57$8,601,077$8,187,677$8,066,777$9,016,073
58$9,451,233$8,561,719$8,309,860$9,676,270
59$10,387,249$8,953,234$8,560,231$10,392,132
60$11,417,857$9,363,051$8,818,107$11,171,614
61$12,552,676$9,792,038$9,083,712$12,020,863
62$13,802,309$10,241,108$9,357,275$12,946,642
63$15,178,435$10,711,213$9,639,035$13,956,387
64$16,693,928$11,203,354$9,929,235$15,058,281
65$18,362,970$11,718,581$10,228,126$16,261,326
66$20,201,192$12,257,990$10,535,967$17,575,426
67$22,225,817$12,822,735$10,853,025$19,011,481
68$24,455,822$13,414,021$11,179,574$20,581,484
69$26,912,122$14,033,114$11,515,895$22,298,636
70$29,617,761$14,681,339$11,862,280$24,177,464
71$32,598,135$15,360,086$12,219,029$26,233,961
72$35,881,226$16,070,812$12,586,447$28,485,730
73$39,497,872$16,815,043$12,964,855$30,952,148
74$43,482,054$17,594,379$13,354,576$33,654,549
75$47,871,218$18,410,498$13,755,949$36,616,420
76$52,706,627$19,265,157$14,169,318$39,863,623
77$58,033,753$20,160,200$14,595,040$43,424,629
78$63,902,704$21,097,558$15,033,482$47,330,793
79$70,368,697$22,079,256$15,485,022$51,616,640
80$77,492,582$23,107,417$15,950,047$56,320,189
81$85,341,410$24,184,265$16,428,958$61,483,309
82$93,989,073$25,312,133$16,922,168$67,152,111
83$103,516,997$26,493,466$17,430,099$73,377,378
84$114,014,912$27,730,828$17,953,189$80,215,040
85$125,581,699$29,026,904$18,491,886$87,726,699
86$138,326,322$30,384,512$19,046,654$95,980,207
87$152,368,858$31,806,604$19,617,968$105,050,299
88$167,841,630$33,296,276$20,206,319$115,019,296
89$184,890,455$34,856,773$20,812,210$125,977,876
90$203,676,025$36,491,498$21,436,162$138,025,924
91$224,375,414$38,204,016$22,078,708$151,273,472
92$247,183,761$39,998,067$22,740,399$165,841,729
93$272,316,104$41,877,572$23,421,802$181,864,224
94$300,009,413$43,846,640$24,123,499$199,488,053
95$330,524,828$45,909,580$24,846,091$218,875,267
96$364,150,120$48,070,909$25,590,195$240,204,394
97$401,202,412$50,335,363$26,356,446$263,672,115
98$442,031,171$52,707,909$27,145,500$289,495,116
99$487,021,506$55,193,752$27,958,030$317,912,126
100$536,597,805$57,798,351$28,794,729$349,186,158