Can I retire at age 65 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$594,569$589,273$584,106$579,063$574,138$565,558
2 years$294,341$288,859$283,547$278,396$273,399$264,774
3 years$194,278$188,773$183,473$178,371$173,456$165,054
4 years$144,257$138,768$133,522$128,506$123,710$115,597
5 years$114,251$108,796$103,618$98,705$94,042$86,241
6 years$94,255$88,840$83,739$78,935$74,413$66,932
7 years$79,977$74,608$69,587$64,897$60,517$53,360
8 years$69,273$63,953$59,016$54,440$50,205$43,370
9 years$60,953$55,682$50,830$46,371$42,280$35,763
10 years$54,300$49,081$44,315$39,972$36,025$29,822
11 years$48,860$43,694$39,014$34,788$30,982$25,087
12 years$44,331$39,217$34,624$30,514$26,849$21,254
13 years$40,501$35,441$30,934$26,939$23,413$18,110
14 years$37,221$32,215$27,795$23,913$20,523$15,505
15 years$34,381$29,429$25,095$21,327$18,070$13,327
16 years$31,899$27,000$22,752$19,096$15,971$11,493
17 years$29,711$24,866$20,704$17,157$14,161$9,940
18 years$27,768$22,978$18,900$15,462$12,591$8,616
19 years$26,031$21,296$17,302$13,971$11,223$7,484
20 years$24,471$19,789$15,879$12,654$10,024$6,512
21 years$23,060$18,433$14,605$11,484$8,971$5,675
22 years$21,780$17,206$13,461$10,442$8,041$4,952
23 years$20,613$16,092$12,429$9,509$7,218$4,326
24 years$19,544$15,078$11,495$8,673$6,488$3,783
25 years$18,563$14,150$10,646$7,921$5,838$3,310
26 years$17,658$13,298$9,874$7,242$5,259$2,899
27 years$16,822$12,515$9,169$6,629$4,741$2,540
28 years$16,047$11,793$8,524$6,074$4,278$2,228
29 years$15,327$11,125$7,932$5,570$3,863$1,954
30 years$14,656$10,507$7,388$5,112$3,490$1,715
31 years$14,030$9,932$6,888$4,695$3,156$1,506
32 years$13,444$9,398$6,427$4,314$2,854$1,322
33 years$12,894$8,900$6,000$3,968$2,583$1,162
34 years$12,378$8,435$5,606$3,650$2,339$1,021
35 years$11,893$8,001$5,242$3,360$2,118$897
36 years$11,435$7,594$4,903$3,095$1,919$789
37 years$11,004$7,212$4,590$2,852$1,740$693
38 years$10,596$6,854$4,298$2,628$1,577$610
39 years$10,209$6,518$4,027$2,423$1,430$536
40 years$9,844$6,201$3,774$2,235$1,297$472
41 years$9,496$5,903$3,539$2,062$1,177$415
42 years$9,167$5,622$3,320$1,903$1,068$365
43 years$8,853$5,356$3,115$1,757$969$321
44 years$8,555$5,106$2,924$1,622$880$282
45 years$8,270$4,869$2,746$1,498$799$249
46 years$7,999$4,645$2,579$1,384$725$219
47 years$7,740$4,432$2,423$1,279$658$192
48 years$7,493$4,231$2,277$1,181$598$169
49 years$7,256$4,041$2,140$1,092$543$149
50 years$7,030$3,860$2,012$1,009$493$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,200,000, adding $3,178 every year, while hoping to spend $48,689 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: 58/21/21 Blend
64$7,200,000$7,200,000$7,200,000$7,200,000
65$7,937,678$7,556,078$7,444,478$8,353,436
66$8,695,517$7,874,521$7,642,063$8,955,062
67$9,529,023$8,206,936$7,844,636$9,605,124
68$10,445,863$8,553,956$8,052,311$10,312,778
69$11,454,485$8,916,244$8,265,208$11,083,596
70$12,564,196$9,294,493$8,483,445$11,923,705
71$13,785,249$9,689,429$8,707,146$12,839,846
72$15,128,944$10,101,811$8,936,436$13,839,436
73$16,607,731$10,532,434$9,171,441$14,930,634
74$18,235,327$10,982,130$9,412,291$16,122,419
75$20,026,845$11,451,770$9,659,118$17,424,674
76$21,998,942$11,942,265$9,912,057$18,848,271
77$24,169,967$12,454,569$10,171,243$20,405,182
78$26,560,141$12,989,680$10,436,818$22,108,580
79$29,191,746$13,548,645$10,708,921$23,972,968
80$32,089,332$14,132,556$10,987,698$26,014,310
81$35,279,952$14,742,560$11,273,295$28,250,182
82$38,793,418$15,379,856$11,565,860$30,699,934
83$42,662,576$16,045,699$11,865,547$33,384,871
84$46,923,624$16,741,403$12,172,508$36,328,452
85$51,616,447$17,468,345$12,486,900$39,556,507
86$56,784,997$18,227,966$12,808,883$43,097,481
87$62,477,704$19,021,773$13,138,618$46,982,695
88$68,747,937$19,851,348$13,476,269$51,246,646
89$75,654,505$20,718,343$13,822,003$55,927,322
90$83,262,213$21,624,490$14,175,989$61,066,562
91$91,642,473$22,571,604$14,538,398$66,710,446
92$100,873,975$23,561,583$14,909,404$72,909,728
93$111,043,436$24,596,415$15,289,185$79,720,309
94$122,246,412$25,678,185$15,677,918$87,203,763
95$134,588,202$26,809,073$16,075,784$95,427,914
96$148,184,844$27,991,362$16,482,968$104,467,470
97$163,164,205$29,227,446$16,899,655$114,404,727
98$179,667,194$30,519,831$17,326,033$125,330,342
99$197,849,084$31,871,139$17,762,292$137,344,179
100$217,880,987$33,284,121$18,208,624$150,556,253