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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.8%
1 years$578,053$572,904$567,881$562,978$558,190$553,976
2 years$286,165$280,836$275,670$270,662$265,805$261,556
3 years$188,882$183,529$178,377$173,416$168,637$164,486
4 years$140,249$134,913$129,813$124,936$120,274$116,251
5 years$111,078$105,774$100,740$95,963$91,430$87,548
6 years$91,636$86,372$81,413$76,743$72,346$68,610
7 years$77,755$72,535$67,655$63,094$58,836$55,248
8 years$67,349$62,176$57,376$52,928$48,810$45,370
9 years$59,259$54,135$49,418$45,083$41,105$37,811
10 years$52,792$47,718$43,084$38,862$35,024$31,874
11 years$47,503$42,480$37,930$33,822$30,122$27,115
12 years$43,099$38,128$33,662$29,666$26,103$23,236
13 years$39,376$34,457$30,075$26,191$22,762$20,032
14 years$36,187$31,320$27,023$23,249$19,953$17,356
15 years$33,426$28,611$24,398$20,734$17,568$15,101
16 years$31,013$26,250$22,120$18,565$15,527$13,186
17 years$28,885$24,176$20,128$16,681$13,767$11,548
18 years$26,996$22,339$18,375$15,033$12,241$10,140
19 years$25,308$20,704$16,821$13,583$10,911$8,924
20 years$23,791$19,239$15,438$12,302$9,746$7,869
21 years$22,420$17,921$14,200$11,165$8,721$6,950
22 years$21,175$16,728$13,087$10,152$7,817$6,147
23 years$20,040$15,645$12,084$9,245$7,017$5,444
24 years$19,001$14,659$11,175$8,432$6,307$4,827
25 years$18,047$13,757$10,351$7,701$5,676$4,284
26 years$17,168$12,929$9,600$7,041$5,112$3,806
27 years$16,355$12,168$8,914$6,445$4,609$3,383
28 years$15,601$11,466$8,287$5,905$4,159$3,010
29 years$14,901$10,816$7,712$5,415$3,756$2,679
30 years$14,249$10,215$7,183$4,970$3,393$2,386
31 years$13,640$9,657$6,697$4,564$3,068$2,126
32 years$13,070$9,137$6,248$4,195$2,775$1,895
33 years$12,536$8,653$5,834$3,857$2,512$1,690
34 years$12,034$8,201$5,451$3,549$2,274$1,507
35 years$11,562$7,779$5,096$3,267$2,060$1,345
36 years$11,118$7,383$4,767$3,009$1,866$1,201
37 years$10,698$7,012$4,462$2,772$1,691$1,072
38 years$10,301$6,664$4,179$2,555$1,533$957
39 years$9,926$6,337$3,915$2,356$1,390$855
40 years$9,570$6,029$3,669$2,173$1,261$763
41 years$9,233$5,739$3,441$2,005$1,144$682
42 years$8,912$5,466$3,228$1,850$1,038$609
43 years$8,607$5,208$3,029$1,708$942$544
44 years$8,317$4,964$2,843$1,577$855$487
45 years$8,041$4,734$2,669$1,457$776$435
46 years$7,777$4,516$2,507$1,345$705$389
47 years$7,525$4,309$2,355$1,243$640$347
48 years$7,285$4,114$2,213$1,149$581$311
49 years$7,055$3,928$2,080$1,062$528$278
50 years$6,834$3,753$1,956$981$480$248

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 $3,030 every year, while hoping to spend $57,571 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: 45/35/20 Blend
64$7,000,000$7,000,000$7,000,000$7,000,000
65$7,717,125$7,346,125$7,237,625$8,019,852
66$8,443,017$7,644,830$7,418,831$8,531,437
67$9,241,020$7,956,243$7,604,177$9,079,947
68$10,118,429$8,280,923$7,793,742$9,673,583
69$11,083,281$8,619,461$7,987,604$10,316,561
70$12,144,430$8,972,469$8,185,843$11,013,516
71$13,311,632$9,340,590$8,388,539$11,769,536
72$14,595,635$9,724,495$8,595,772$12,590,216
73$16,008,283$10,124,888$8,807,623$13,481,704
74$17,562,623$10,542,503$9,024,174$14,450,757
75$19,273,033$10,978,108$9,245,506$15,504,803
76$21,155,354$11,432,507$9,471,702$16,652,012
77$23,227,040$11,906,540$9,702,844$17,901,363
78$25,507,324$12,401,087$9,939,016$19,262,735
79$28,017,398$12,917,067$10,180,300$20,746,991
80$30,780,612$13,455,442$10,426,779$22,366,082
81$33,822,695$14,017,219$10,678,536$24,133,153
82$37,171,998$14,603,451$10,935,655$26,062,668
83$40,859,760$15,215,239$11,198,218$28,170,541
84$44,920,405$15,853,735$11,466,308$30,474,281
85$49,391,864$16,520,146$11,740,007$32,993,158
86$54,315,934$17,215,732$12,019,396$35,748,381
87$59,738,670$17,941,814$12,304,557$38,763,290
88$65,710,825$18,699,773$12,595,571$42,063,577
89$72,288,322$19,491,055$12,892,515$45,677,522
90$79,532,786$20,317,172$13,195,470$49,636,256
91$87,512,123$21,179,707$13,504,511$53,974,051
92$96,301,164$22,080,316$13,819,716$58,728,640
93$105,982,365$23,020,734$14,141,159$63,941,565
94$116,646,590$24,002,774$14,468,912$69,658,568
95$128,393,968$25,028,336$14,803,046$75,930,015
96$141,334,836$26,099,407$15,143,631$82,811,364
97$155,590,780$27,218,069$15,490,733$90,363,691
98$171,295,783$28,386,498$15,844,417$98,654,249
99$188,597,491$29,606,975$16,204,743$107,757,107
100$207,658,604$30,881,885$16,571,771$117,753,835