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%18.2%
1 years$578,053$572,904$567,881$562,978$558,190$539,674
2 years$286,165$280,836$275,670$270,662$265,805$247,330
3 years$188,882$183,529$178,377$173,416$168,637$150,784
4 years$140,249$134,913$129,813$124,936$120,274$103,178
5 years$111,078$105,774$100,740$95,963$91,430$75,138
6 years$91,636$86,372$81,413$76,743$72,346$56,869
7 years$77,755$72,535$67,655$63,094$58,836$44,175
8 years$67,349$62,176$57,376$52,928$48,810$34,952
9 years$59,259$54,135$49,418$45,083$41,105$28,034
10 years$52,792$47,718$43,084$38,862$35,024$22,719
11 years$47,503$42,480$37,930$33,822$30,122$18,560
12 years$43,099$38,128$33,662$29,666$26,103$15,258
13 years$39,376$34,457$30,075$26,191$22,762$12,607
14 years$36,187$31,320$27,023$23,249$19,953$10,459
15 years$33,426$28,611$24,398$20,734$17,568$8,706
16 years$31,013$26,250$22,120$18,565$15,527$7,266
17 years$28,885$24,176$20,128$16,681$13,767$6,078
18 years$26,996$22,339$18,375$15,033$12,241$5,094
19 years$25,308$20,704$16,821$13,583$10,911$4,275
20 years$23,791$19,239$15,438$12,302$9,746$3,593
21 years$22,420$17,921$14,200$11,165$8,721$3,023
22 years$21,175$16,728$13,087$10,152$7,817$2,545
23 years$20,040$15,645$12,084$9,245$7,017$2,145
24 years$19,001$14,659$11,175$8,432$6,307$1,808
25 years$18,047$13,757$10,351$7,701$5,676$1,526
26 years$17,168$12,929$9,600$7,041$5,112$1,288
27 years$16,355$12,168$8,914$6,445$4,609$1,087
28 years$15,601$11,466$8,287$5,905$4,159$918
29 years$14,901$10,816$7,712$5,415$3,756$776
30 years$14,249$10,215$7,183$4,970$3,393$655
31 years$13,640$9,657$6,697$4,564$3,068$554
32 years$13,070$9,137$6,248$4,195$2,775$468
33 years$12,536$8,653$5,834$3,857$2,512$396
34 years$12,034$8,201$5,451$3,549$2,274$335
35 years$11,562$7,779$5,096$3,267$2,060$283
36 years$11,118$7,383$4,767$3,009$1,866$239
37 years$10,698$7,012$4,462$2,772$1,691$202
38 years$10,301$6,664$4,179$2,555$1,533$171
39 years$9,926$6,337$3,915$2,356$1,390$145
40 years$9,570$6,029$3,669$2,173$1,261$122
41 years$9,233$5,739$3,441$2,005$1,144$104
42 years$8,912$5,466$3,228$1,850$1,038$88
43 years$8,607$5,208$3,029$1,708$942$74
44 years$8,317$4,964$2,843$1,577$855$63
45 years$8,041$4,734$2,669$1,457$776$53
46 years$7,777$4,516$2,507$1,345$705$45
47 years$7,525$4,309$2,355$1,243$640$38
48 years$7,285$4,114$2,213$1,149$581$32
49 years$7,055$3,928$2,080$1,062$528$27
50 years$6,834$3,753$1,956$981$480$23

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 $2,104 every year, while hoping to spend $58,492 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: 74/16/10 Blend
64$7,000,000$7,000,000$7,000,000$7,000,000
65$7,716,170$7,345,170$7,236,670$8,272,918
66$8,440,985$7,642,849$7,416,864$8,938,157
67$9,237,770$7,953,153$7,601,133$9,659,214
68$10,113,805$8,276,640$7,789,554$10,447,546
69$11,077,109$8,613,892$7,982,200$11,309,797
70$12,136,519$8,965,517$8,179,149$12,253,282
71$13,301,770$9,332,153$8,380,476$13,286,057
72$14,583,587$9,714,465$8,586,258$14,416,986
73$15,993,788$10,113,149$8,796,573$15,655,833
74$17,545,393$10,528,933$9,011,498$17,013,345
75$19,252,750$10,962,577$9,231,110$18,501,358
76$21,131,666$11,414,879$9,455,487$20,132,904
77$23,199,558$11,886,670$9,684,708$21,922,336
78$25,475,618$12,378,821$9,918,850$23,885,457
79$27,980,991$12,892,244$10,157,992$26,039,674
80$30,738,978$13,427,890$10,402,211$28,404,154
81$33,775,254$13,986,757$10,651,585$31,000,012
82$37,118,109$14,569,886$10,906,192$33,850,499
83$40,798,714$15,178,369$11,166,108$36,981,229
84$44,851,420$15,813,346$11,431,409$40,420,411
85$49,314,076$16,476,011$11,702,172$44,199,119
86$54,228,389$17,167,613$11,978,472$48,351,583
87$59,640,316$17,889,457$12,260,383$52,915,508
88$65,600,500$18,642,912$12,547,977$57,932,427
89$72,164,744$19,429,408$12,841,328$63,448,096
90$79,394,540$20,250,442$13,140,504$69,512,919
91$87,357,649$21,107,579$13,445,577$76,182,424
92$96,128,738$22,002,459$13,756,613$83,517,783
93$105,790,087$22,936,798$14,073,677$91,586,389
94$116,432,365$23,912,390$14,396,835$100,462,488
95$128,155,484$24,931,114$14,726,146$110,227,878
96$141,069,541$25,994,937$15,061,670$120,972,680
97$155,295,862$27,105,916$15,403,463$132,796,182
98$170,968,140$28,266,206$15,751,579$145,807,777
99$188,233,702$29,478,062$16,106,068$160,127,989
100$207,254,895$30,743,843$16,466,978$175,889,614