Can I retire at age 65 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$586,311$581,089$575,993$571,020$566,164$549,141
2 years$290,253$284,847$279,608$274,529$269,602$252,595
3 years$191,580$186,151$180,925$175,893$171,047$154,588
4 years$142,253$136,841$131,667$126,721$121,992$106,209
5 years$112,665$107,285$102,179$97,334$92,736$77,672
6 years$92,945$87,606$82,576$77,839$73,379$59,046
7 years$78,866$73,571$68,621$63,996$59,677$46,075
8 years$68,311$63,064$58,196$53,684$49,508$36,628
9 years$60,106$54,909$50,124$45,727$41,693$29,522
10 years$53,546$48,399$43,699$39,417$35,524$24,046
11 years$48,182$43,087$38,472$34,305$30,552$19,745
12 years$43,715$38,673$34,143$30,090$26,476$16,319
13 years$39,939$34,949$30,505$26,565$23,087$13,557
14 years$36,704$31,768$27,409$23,581$20,238$11,310
15 years$33,904$29,020$24,746$21,030$17,819$9,468
16 years$31,456$26,625$22,436$18,830$15,749$7,948
17 years$29,298$24,521$20,416$16,919$13,964$6,687
18 years$27,382$22,659$18,637$15,247$12,416$5,638
19 years$25,670$21,000$17,061$13,777$11,067$4,761
20 years$24,131$19,514$15,658$12,478$9,885$4,025
21 years$22,740$18,177$14,402$11,325$8,846$3,407
22 years$21,477$16,967$13,274$10,297$7,929$2,887
23 years$20,326$15,869$12,256$9,377$7,118$2,448
24 years$19,273$14,868$11,335$8,553$6,398$2,077
25 years$18,305$13,953$10,498$7,811$5,757$1,764
26 years$17,413$13,114$9,737$7,142$5,186$1,498
27 years$16,589$12,341$9,041$6,537$4,675$1,273
28 years$15,824$11,629$8,405$5,989$4,218$1,082
29 years$15,114$10,971$7,822$5,492$3,809$920
30 years$14,453$10,361$7,286$5,041$3,442$783
31 years$13,835$9,794$6,792$4,629$3,112$666
32 years$13,257$9,268$6,337$4,255$2,815$567
33 years$12,715$8,777$5,917$3,912$2,547$482
34 years$12,206$8,318$5,529$3,600$2,306$411
35 years$11,728$7,890$5,169$3,314$2,089$349
36 years$11,276$7,488$4,835$3,052$1,893$298
37 years$10,851$7,112$4,526$2,812$1,715$253
38 years$10,448$6,759$4,238$2,592$1,555$216
39 years$10,068$6,427$3,971$2,390$1,410$184
40 years$9,707$6,115$3,722$2,204$1,279$156
41 years$9,364$5,821$3,490$2,034$1,161$133
42 years$9,039$5,544$3,274$1,877$1,053$113
43 years$8,730$5,282$3,072$1,733$956$97
44 years$8,436$5,035$2,883$1,600$867$82
45 years$8,155$4,801$2,707$1,477$788$70
46 years$7,888$4,580$2,543$1,365$715$60
47 years$7,633$4,371$2,389$1,261$649$51
48 years$7,389$4,173$2,245$1,165$590$43
49 years$7,155$3,985$2,110$1,077$536$37
50 years$6,932$3,806$1,984$995$486$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,100,000, adding $4,905 every year, while hoping to spend $58,388 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: 38/45/17 Blend
64$7,100,000$7,100,000$7,100,000$7,100,000
65$7,829,260$7,452,960$7,342,910$8,086,526
66$8,565,720$7,756,030$7,526,773$8,574,763
67$9,375,342$8,071,994$7,714,838$9,096,123
68$10,265,527$8,401,422$7,907,185$9,658,332
69$11,244,428$8,744,910$8,103,894$10,265,100
70$12,321,030$9,103,081$8,305,045$10,920,496
71$13,505,230$9,476,587$8,510,719$11,628,988
72$14,807,934$9,866,109$8,720,997$12,395,479
73$16,241,155$10,272,361$8,935,963$13,225,352
74$17,818,134$10,696,088$9,155,699$14,124,516
75$19,553,457$11,138,069$9,380,288$15,099,463
76$21,463,196$11,599,121$9,609,814$16,157,323
77$23,565,060$12,080,095$9,844,361$17,305,930
78$25,878,561$12,581,885$10,084,012$18,553,890
79$28,425,200$13,105,423$10,328,852$19,910,663
80$31,228,667$13,651,686$10,578,966$21,386,645
81$34,315,068$14,221,695$10,834,438$22,993,264
82$37,713,165$14,816,518$11,095,351$24,743,086
83$41,454,654$15,437,274$11,361,792$26,649,926
84$45,574,459$16,085,130$11,633,842$28,728,974
85$50,111,064$16,761,312$11,911,586$30,996,941
86$55,106,875$17,467,099$12,195,107$33,472,201
87$60,608,620$18,203,831$12,484,487$36,174,971
88$66,667,790$18,972,910$12,779,808$39,127,488
89$73,341,124$19,775,801$13,081,151$42,354,220
90$80,691,144$20,614,041$13,388,594$45,882,088
91$88,786,746$21,489,235$13,702,218$49,740,714
92$97,703,851$22,403,064$14,022,099$53,962,698
93$107,526,118$23,357,288$14,348,313$58,583,917
94$118,345,735$24,353,748$14,680,935$63,643,859
95$130,264,289$25,394,370$15,020,035$69,185,987
96$143,393,725$26,481,173$15,365,685$75,258,144
97$157,857,402$27,616,268$15,717,952$81,912,996
98$173,791,256$28,801,863$16,076,902$89,208,523
99$191,345,083$30,040,274$16,442,598$97,208,558
100$210,683,955$31,333,921$16,815,098$105,983,379