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%16.3%
1 years$586,311$581,089$575,993$571,020$566,164$551,582
2 years$290,253$284,847$279,608$274,529$269,602$255,008
3 years$191,580$186,151$180,925$175,893$171,047$156,897
4 years$142,253$136,841$131,667$126,721$121,992$108,395
5 years$112,665$107,285$102,179$97,334$92,736$79,731
6 years$92,945$87,606$82,576$77,839$73,379$60,977
7 years$78,866$73,571$68,621$63,996$59,677$47,880
8 years$68,311$63,064$58,196$53,684$49,508$38,310
9 years$60,106$54,909$50,124$45,727$41,693$31,084
10 years$53,546$48,399$43,699$39,417$35,524$25,492
11 years$48,182$43,087$38,472$34,305$30,552$21,082
12 years$43,715$38,673$34,143$30,090$26,476$17,550
13 years$39,939$34,949$30,505$26,565$23,087$14,689
14 years$36,704$31,768$27,409$23,581$20,238$12,347
15 years$33,904$29,020$24,746$21,030$17,819$10,416
16 years$31,456$26,625$22,436$18,830$15,749$8,813
17 years$29,298$24,521$20,416$16,919$13,964$7,475
18 years$27,382$22,659$18,637$15,247$12,416$6,354
19 years$25,670$21,000$17,061$13,777$11,067$5,410
20 years$24,131$19,514$15,658$12,478$9,885$4,612
21 years$22,740$18,177$14,402$11,325$8,846$3,938
22 years$21,477$16,967$13,274$10,297$7,929$3,365
23 years$20,326$15,869$12,256$9,377$7,118$2,878
24 years$19,273$14,868$11,335$8,553$6,398$2,464
25 years$18,305$13,953$10,498$7,811$5,757$2,110
26 years$17,413$13,114$9,737$7,142$5,186$1,809
27 years$16,589$12,341$9,041$6,537$4,675$1,551
28 years$15,824$11,629$8,405$5,989$4,218$1,330
29 years$15,114$10,971$7,822$5,492$3,809$1,141
30 years$14,453$10,361$7,286$5,041$3,442$980
31 years$13,835$9,794$6,792$4,629$3,112$841
32 years$13,257$9,268$6,337$4,255$2,815$722
33 years$12,715$8,777$5,917$3,912$2,547$620
34 years$12,206$8,318$5,529$3,600$2,306$533
35 years$11,728$7,890$5,169$3,314$2,089$458
36 years$11,276$7,488$4,835$3,052$1,893$393
37 years$10,851$7,112$4,526$2,812$1,715$338
38 years$10,448$6,759$4,238$2,592$1,555$291
39 years$10,068$6,427$3,971$2,390$1,410$250
40 years$9,707$6,115$3,722$2,204$1,279$215
41 years$9,364$5,821$3,490$2,034$1,161$184
42 years$9,039$5,544$3,274$1,877$1,053$159
43 years$8,730$5,282$3,072$1,733$956$136
44 years$8,436$5,035$2,883$1,600$867$117
45 years$8,155$4,801$2,707$1,477$788$101
46 years$7,888$4,580$2,543$1,365$715$87
47 years$7,633$4,371$2,389$1,261$649$74
48 years$7,389$4,173$2,245$1,165$590$64
49 years$7,155$3,985$2,110$1,077$536$55
50 years$6,932$3,806$1,984$995$486$47

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 $6,509 every year, while hoping to spend $35,788 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: 81/9/10 Blend
64$7,100,000$7,100,000$7,100,000$7,100,000
65$7,830,914$7,454,614$7,344,564$8,452,274
66$8,591,589$7,781,812$7,552,529$9,187,700
67$9,428,654$8,123,843$7,766,261$9,989,370
68$10,349,861$8,481,397$7,985,916$10,868,228
69$11,363,756$8,855,194$8,211,653$11,831,986
70$12,479,752$9,245,991$8,443,636$12,889,136
71$13,708,221$9,654,579$8,682,032$14,049,028
72$15,060,594$10,081,787$8,927,014$15,321,961
73$16,549,463$10,528,484$9,178,758$16,719,277
74$18,188,707$10,995,579$9,437,446$18,253,467
75$19,993,617$11,484,024$9,703,262$19,938,291
76$21,981,042$11,994,817$9,976,397$21,788,902
77$24,169,549$12,529,003$10,257,047$23,821,992
78$26,579,596$13,087,678$10,545,411$26,055,948
79$29,233,728$13,671,987$10,841,695$28,511,022
80$32,156,786$14,283,132$11,146,110$31,209,524
81$35,376,145$14,922,372$11,458,871$34,176,030
82$38,921,968$15,591,025$11,780,199$37,437,612
83$42,827,494$16,290,471$12,110,322$41,024,094
84$47,129,353$17,022,158$12,449,472$44,968,332
85$51,867,905$17,787,602$12,797,887$49,306,522
86$57,087,626$18,588,390$13,155,812$54,078,539
87$62,837,530$19,426,186$13,523,497$59,328,316
88$69,171,622$20,302,734$13,901,198$65,104,252
89$76,149,419$21,219,859$14,289,180$71,459,672
90$83,836,504$22,179,476$14,687,711$78,453,324
91$92,305,146$23,183,589$15,097,069$86,149,937
92$101,634,985$24,234,299$15,517,535$94,620,826
93$111,913,782$25,333,808$15,949,400$103,944,566
94$123,238,244$26,484,421$16,392,962$114,207,729
95$135,714,943$27,688,556$16,848,524$125,505,704
96$149,461,317$28,948,745$17,316,400$137,943,588
97$164,606,780$30,267,642$17,796,907$151,637,184
98$181,293,943$31,648,028$18,290,375$166,714,085
99$199,679,961$33,092,817$18,797,138$183,314,881
100$219,938,014$34,605,062$19,317,540$201,594,481