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%18.3%
1 years$578,053$572,904$567,881$562,978$558,190$539,459
2 years$286,165$280,836$275,670$270,662$265,805$247,118
3 years$188,882$183,529$178,377$173,416$168,637$150,582
4 years$140,249$134,913$129,813$124,936$120,274$102,988
5 years$111,078$105,774$100,740$95,963$91,430$74,960
6 years$91,636$86,372$81,413$76,743$72,346$56,704
7 years$77,755$72,535$67,655$63,094$58,836$44,021
8 years$67,349$62,176$57,376$52,928$48,810$34,810
9 years$59,259$54,135$49,418$45,083$41,105$27,903
10 years$52,792$47,718$43,084$38,862$35,024$22,599
11 years$47,503$42,480$37,930$33,822$30,122$18,450
12 years$43,099$38,128$33,662$29,666$26,103$15,157
13 years$39,376$34,457$30,075$26,191$22,762$12,515
14 years$36,187$31,320$27,023$23,249$19,953$10,376
15 years$33,426$28,611$24,398$20,734$17,568$8,631
16 years$31,013$26,250$22,120$18,565$15,527$7,198
17 years$28,885$24,176$20,128$16,681$13,767$6,017
18 years$26,996$22,339$18,375$15,033$12,241$5,039
19 years$25,308$20,704$16,821$13,583$10,911$4,226
20 years$23,791$19,239$15,438$12,302$9,746$3,549
21 years$22,420$17,921$14,200$11,165$8,721$2,983
22 years$21,175$16,728$13,087$10,152$7,817$2,510
23 years$20,040$15,645$12,084$9,245$7,017$2,113
24 years$19,001$14,659$11,175$8,432$6,307$1,780
25 years$18,047$13,757$10,351$7,701$5,676$1,501
26 years$17,168$12,929$9,600$7,041$5,112$1,266
27 years$16,355$12,168$8,914$6,445$4,609$1,068
28 years$15,601$11,466$8,287$5,905$4,159$901
29 years$14,901$10,816$7,712$5,415$3,756$761
30 years$14,249$10,215$7,183$4,970$3,393$642
31 years$13,640$9,657$6,697$4,564$3,068$542
32 years$13,070$9,137$6,248$4,195$2,775$458
33 years$12,536$8,653$5,834$3,857$2,512$387
34 years$12,034$8,201$5,451$3,549$2,274$327
35 years$11,562$7,779$5,096$3,267$2,060$276
36 years$11,118$7,383$4,767$3,009$1,866$233
37 years$10,698$7,012$4,462$2,772$1,691$197
38 years$10,301$6,664$4,179$2,555$1,533$167
39 years$9,926$6,337$3,915$2,356$1,390$141
40 years$9,570$6,029$3,669$2,173$1,261$119
41 years$9,233$5,739$3,441$2,005$1,144$101
42 years$8,912$5,466$3,228$1,850$1,038$85
43 years$8,607$5,208$3,029$1,708$942$72
44 years$8,317$4,964$2,843$1,577$855$61
45 years$8,041$4,734$2,669$1,457$776$51
46 years$7,777$4,516$2,507$1,345$705$43
47 years$7,525$4,309$2,355$1,243$640$37
48 years$7,285$4,114$2,213$1,149$581$31
49 years$7,055$3,928$2,080$1,062$528$26
50 years$6,834$3,753$1,956$981$480$22

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 $6,769 every year, while hoping to spend $43,735 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: 21/50/29 Blend
64$7,000,000$7,000,000$7,000,000$7,000,000
65$7,720,982$7,349,982$7,241,482$7,811,848
66$8,461,989$7,663,598$7,437,538$8,209,561
67$9,277,112$7,991,114$7,638,696$8,630,351
68$10,173,866$8,333,168$7,845,081$9,079,225
69$11,160,529$8,690,422$8,056,820$9,558,487
70$12,246,223$9,063,572$8,274,044$10,070,651
71$13,440,999$9,453,348$8,496,885$10,618,464
72$14,755,930$9,860,511$8,725,480$11,204,931
73$16,203,218$10,285,860$8,959,967$11,833,335
74$17,796,309$10,730,229$9,200,488$12,507,269
75$19,550,016$11,194,494$9,447,188$13,230,663
76$21,480,663$11,679,570$9,700,214$14,007,820
77$23,606,238$12,186,416$9,959,719$14,843,449
78$25,946,559$12,716,036$10,225,854$15,742,712
79$28,523,467$13,269,480$10,498,779$16,711,259
80$31,361,025$13,847,850$10,778,653$17,755,286
81$34,485,752$14,452,296$11,065,640$18,881,583
82$37,926,867$15,084,027$11,359,907$20,097,594
83$41,716,568$15,744,304$11,661,624$21,411,486
84$45,890,334$16,434,452$11,970,966$22,832,214
85$50,487,264$17,155,856$12,288,108$24,369,606
86$55,550,438$17,909,966$12,613,233$26,034,448
87$61,127,329$18,698,301$12,946,523$27,838,578
88$67,270,253$19,522,454$13,288,168$29,794,994
89$74,036,854$20,384,090$13,638,357$31,917,967
90$81,490,658$21,284,955$13,997,286$34,223,173
91$89,701,664$22,226,876$14,365,154$36,727,829
92$98,747,010$23,211,769$14,742,163$39,450,852
93$108,711,698$24,241,639$15,128,519$42,413,026
94$119,689,397$25,318,585$15,524,430$45,637,193
95$131,783,329$26,444,810$15,930,112$49,148,458
96$145,107,239$27,622,615$16,345,781$52,974,419
97$159,786,471$28,854,417$16,771,658$57,145,416
98$175,959,151$30,142,743$17,207,969$61,694,806
99$193,777,489$31,490,243$17,654,941$66,659,274
100$213,409,219$32,899,691$18,112,807$72,079,161