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%13%
1 years$586,311$581,089$575,993$571,020$566,164$559,089
2 years$290,253$284,847$279,608$274,529$269,602$262,483
3 years$191,580$186,151$180,925$175,893$171,047$164,105
4 years$142,253$136,841$131,667$126,721$121,992$115,281
5 years$112,665$107,285$102,179$97,334$92,736$86,276
6 years$92,945$87,606$82,576$77,839$73,379$67,176
7 years$78,866$73,571$68,621$63,996$59,677$53,735
8 years$68,311$63,064$58,196$53,684$49,508$43,825
9 years$60,106$54,909$50,124$45,727$41,693$36,268
10 years$53,546$48,399$43,699$39,417$35,524$30,353
11 years$48,182$43,087$38,472$34,305$30,552$25,629
12 years$43,715$38,673$34,143$30,090$26,476$21,797
13 years$39,939$34,949$30,505$26,565$23,087$18,646
14 years$36,704$31,768$27,409$23,581$20,238$16,028
15 years$33,904$29,020$24,746$21,030$17,819$13,833
16 years$31,456$26,625$22,436$18,830$15,749$11,979
17 years$29,298$24,521$20,416$16,919$13,964$10,404
18 years$27,382$22,659$18,637$15,247$12,416$9,058
19 years$25,670$21,000$17,061$13,777$11,067$7,902
20 years$24,131$19,514$15,658$12,478$9,885$6,907
21 years$22,740$18,177$14,402$11,325$8,846$6,046
22 years$21,477$16,967$13,274$10,297$7,929$5,300
23 years$20,326$15,869$12,256$9,377$7,118$4,651
24 years$19,273$14,868$11,335$8,553$6,398$4,086
25 years$18,305$13,953$10,498$7,811$5,757$3,593
26 years$17,413$13,114$9,737$7,142$5,186$3,161
27 years$16,589$12,341$9,041$6,537$4,675$2,784
28 years$15,824$11,629$8,405$5,989$4,218$2,453
29 years$15,114$10,971$7,822$5,492$3,809$2,162
30 years$14,453$10,361$7,286$5,041$3,442$1,907
31 years$13,835$9,794$6,792$4,629$3,112$1,682
32 years$13,257$9,268$6,337$4,255$2,815$1,485
33 years$12,715$8,777$5,917$3,912$2,547$1,311
34 years$12,206$8,318$5,529$3,600$2,306$1,158
35 years$11,728$7,890$5,169$3,314$2,089$1,023
36 years$11,276$7,488$4,835$3,052$1,893$904
37 years$10,851$7,112$4,526$2,812$1,715$798
38 years$10,448$6,759$4,238$2,592$1,555$706
39 years$10,068$6,427$3,971$2,390$1,410$624
40 years$9,707$6,115$3,722$2,204$1,279$552
41 years$9,364$5,821$3,490$2,034$1,161$488
42 years$9,039$5,544$3,274$1,877$1,053$431
43 years$8,730$5,282$3,072$1,733$956$381
44 years$8,436$5,035$2,883$1,600$867$337
45 years$8,155$4,801$2,707$1,477$788$298
46 years$7,888$4,580$2,543$1,365$715$264
47 years$7,633$4,371$2,389$1,261$649$233
48 years$7,389$4,173$2,245$1,165$590$206
49 years$7,155$3,985$2,110$1,077$536$183
50 years$6,932$3,806$1,984$995$486$162

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 $2,062 every year, while hoping to spend $31,017 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: 38/42/20 Blend
64$7,100,000$7,100,000$7,100,000$7,100,000
65$7,826,327$7,450,027$7,339,977$8,076,718
66$8,591,610$7,782,076$7,552,864$8,589,807
67$9,433,913$8,129,357$7,771,844$9,140,866
68$10,361,059$8,492,582$7,997,087$9,735,775
69$11,381,667$8,872,498$8,228,770$10,378,511
70$12,505,236$9,269,890$8,467,073$11,073,432
71$13,742,233$9,685,577$8,712,182$11,825,322
72$15,104,189$10,120,419$8,964,289$12,639,428
73$16,603,813$10,575,316$9,223,589$13,521,509
74$18,255,106$11,051,211$9,490,283$14,477,885
75$20,073,499$11,549,092$9,764,580$15,515,498
76$22,075,995$12,069,996$10,046,692$16,641,965
77$24,281,327$12,615,006$10,336,837$17,865,658
78$26,710,140$13,185,260$10,635,239$19,195,766
79$29,385,185$13,781,948$10,942,130$20,642,390
80$32,331,528$14,406,318$11,257,745$22,216,626
81$35,576,793$15,059,677$11,582,329$23,930,668
82$39,151,420$15,743,395$11,916,131$25,797,918
83$43,088,952$16,458,908$12,259,409$27,833,107
84$47,426,350$17,207,720$12,612,424$30,052,433
85$52,204,347$17,991,407$12,975,449$32,473,700
86$57,467,825$18,811,621$13,348,761$35,116,492
87$63,266,244$19,670,092$13,732,647$38,002,340
88$69,654,109$20,568,634$14,127,398$41,154,929
89$76,691,479$21,509,148$14,533,317$44,600,309
90$84,444,540$22,493,626$14,950,713$48,367,137
91$92,986,224$23,524,155$15,379,903$52,486,942
92$102,396,903$24,602,923$15,821,214$56,994,409
93$112,765,143$25,732,222$16,274,980$61,927,707
94$124,188,541$26,914,454$16,741,546$67,328,835
95$136,774,649$28,152,139$17,221,264$73,244,014
96$150,641,985$29,447,915$17,714,498$79,724,113
97$165,921,152$30,804,549$18,221,619$86,825,119
98$182,756,076$32,224,938$18,743,009$94,608,658
99$201,305,358$33,712,122$19,279,062$103,142,566
100$221,743,774$35,269,285$19,830,180$112,501,518