Can I retire at age 65 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$578,053$572,904$567,881$562,978$558,190$550,075
2 years$286,165$280,836$275,670$270,662$265,805$257,647
3 years$188,882$183,529$178,377$173,416$168,637$160,689
4 years$140,249$134,913$129,813$124,936$120,274$112,597
5 years$111,078$105,774$100,740$95,963$91,430$84,047
6 years$91,636$86,372$81,413$76,743$72,346$65,264
7 years$77,755$72,535$67,655$63,094$58,836$52,059
8 years$67,349$62,176$57,376$52,928$48,810$42,337
9 years$59,259$54,135$49,418$45,083$41,105$34,933
10 years$52,792$47,718$43,084$38,862$35,024$29,147
11 years$47,503$42,480$37,930$33,822$30,122$24,535
12 years$43,099$38,128$33,662$29,666$26,103$20,799
13 years$39,376$34,457$30,075$26,191$22,762$17,734
14 years$36,187$31,320$27,023$23,249$19,953$15,193
15 years$33,426$28,611$24,398$20,734$17,568$13,068
16 years$31,013$26,250$22,120$18,565$15,527$11,278
17 years$28,885$24,176$20,128$16,681$13,767$9,760
18 years$26,996$22,339$18,375$15,033$12,241$8,467
19 years$25,308$20,704$16,821$13,583$10,911$7,360
20 years$23,791$19,239$15,438$12,302$9,746$6,409
21 years$22,420$17,921$14,200$11,165$8,721$5,589
22 years$21,175$16,728$13,087$10,152$7,817$4,881
23 years$20,040$15,645$12,084$9,245$7,017$4,267
24 years$19,001$14,659$11,175$8,432$6,307$3,734
25 years$18,047$13,757$10,351$7,701$5,676$3,270
26 years$17,168$12,929$9,600$7,041$5,112$2,866
27 years$16,355$12,168$8,914$6,445$4,609$2,514
28 years$15,601$11,466$8,287$5,905$4,159$2,206
29 years$14,901$10,816$7,712$5,415$3,756$1,937
30 years$14,249$10,215$7,183$4,970$3,393$1,701
31 years$13,640$9,657$6,697$4,564$3,068$1,495
32 years$13,070$9,137$6,248$4,195$2,775$1,314
33 years$12,536$8,653$5,834$3,857$2,512$1,155
34 years$12,034$8,201$5,451$3,549$2,274$1,016
35 years$11,562$7,779$5,096$3,267$2,060$894
36 years$11,118$7,383$4,767$3,009$1,866$786
37 years$10,698$7,012$4,462$2,772$1,691$692
38 years$10,301$6,664$4,179$2,555$1,533$609
39 years$9,926$6,337$3,915$2,356$1,390$536
40 years$9,570$6,029$3,669$2,173$1,261$472
41 years$9,233$5,739$3,441$2,005$1,144$415
42 years$8,912$5,466$3,228$1,850$1,038$366
43 years$8,607$5,208$3,029$1,708$942$322
44 years$8,317$4,964$2,843$1,577$855$284
45 years$8,041$4,734$2,669$1,457$776$250
46 years$7,777$4,516$2,507$1,345$705$220
47 years$7,525$4,309$2,355$1,243$640$194
48 years$7,285$4,114$2,213$1,149$581$171
49 years$7,055$3,928$2,080$1,062$528$150
50 years$6,834$3,753$1,956$981$480$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,000,000, adding $2,431 every year, while hoping to spend $47,982 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: 47/34/19 Blend
64$7,000,000$7,000,000$7,000,000$7,000,000
65$7,716,508$7,345,508$7,237,008$8,037,454
66$8,452,539$7,654,385$7,428,395$8,570,221
67$9,262,037$7,976,789$7,624,585$9,143,120
68$10,152,446$8,313,332$7,825,690$9,763,937
69$11,131,965$8,664,655$8,031,820$10,437,170
70$12,209,629$9,031,428$8,243,090$11,167,760
71$13,395,396$9,414,352$8,459,618$11,961,137
72$14,700,232$9,814,161$8,681,521$12,823,268
73$16,136,225$10,231,624$8,908,921$13,760,709
74$17,716,691$10,667,545$9,141,941$14,780,670
75$19,456,303$11,122,764$9,380,706$15,891,074
76$21,371,230$11,598,164$9,625,343$17,100,637
77$23,479,286$12,094,665$9,875,983$18,418,938
78$25,800,103$12,613,232$10,132,758$19,856,516
79$28,355,309$13,154,877$10,395,801$21,424,961
80$31,168,740$13,720,655$10,665,250$23,137,020
81$34,266,658$14,311,673$10,941,242$25,006,720
82$37,678,003$14,929,091$11,223,920$27,049,490
83$41,434,663$15,574,121$11,513,425$29,282,308
84$45,571,779$16,248,033$11,809,905$31,723,854
85$50,128,070$16,952,156$12,113,506$34,394,688
86$55,146,203$17,687,882$12,424,379$37,317,434
87$60,673,196$18,456,668$12,742,676$40,516,995
88$66,760,858$19,260,041$13,068,551$44,020,779
89$73,466,280$20,099,597$13,402,162$47,858,956
90$80,852,372$20,977,009$13,743,666$52,064,739
91$88,988,461$21,894,030$14,093,226$56,674,691
92$97,950,939$22,852,492$14,451,004$61,729,065
93$107,823,988$23,854,318$14,817,166$67,272,180
94$118,700,373$24,901,517$15,191,879$73,352,833
95$130,682,317$25,996,197$15,575,313$80,024,755
96$143,882,465$27,140,563$15,967,638$87,347,109
97$158,424,952$28,336,926$16,369,029$95,385,047
98$174,446,566$29,587,704$16,779,660$104,210,317
99$192,098,046$30,895,432$17,199,709$113,901,929
100$211,545,501$32,262,763$17,629,354$124,546,902