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%12%
1 years$594,569$589,273$584,106$579,063$574,138$569,328
2 years$294,341$288,859$283,547$278,396$273,399$268,551
3 years$194,278$188,773$183,473$178,371$173,456$168,720
4 years$144,257$138,768$133,522$128,506$123,710$119,123
5 years$114,251$108,796$103,618$98,705$94,042$89,618
6 years$94,255$88,840$83,739$78,935$74,413$70,156
7 years$79,977$74,608$69,587$64,897$60,517$56,430
8 years$69,273$63,953$59,016$54,440$50,205$46,288
9 years$60,953$55,682$50,830$46,371$42,280$38,531
10 years$54,300$49,081$44,315$39,972$36,025$32,443
11 years$48,860$43,694$39,014$34,788$30,982$27,564
12 years$44,331$39,217$34,624$30,514$26,849$23,591
13 years$40,501$35,441$30,934$26,939$23,413$20,312
14 years$37,221$32,215$27,795$23,913$20,523$17,576
15 years$34,381$29,429$25,095$21,327$18,070$15,272
16 years$31,899$27,000$22,752$19,096$15,971$13,317
17 years$29,711$24,866$20,704$17,157$14,161$11,647
18 years$27,768$22,978$18,900$15,462$12,591$10,212
19 years$26,031$21,296$17,302$13,971$11,223$8,974
20 years$24,471$19,789$15,879$12,654$10,024$7,902
21 years$23,060$18,433$14,605$11,484$8,971$6,969
22 years$21,780$17,206$13,461$10,442$8,041$6,155
23 years$20,613$16,092$12,429$9,509$7,218$5,443
24 years$19,544$15,078$11,495$8,673$6,488$4,818
25 years$18,563$14,150$10,646$7,921$5,838$4,270
26 years$17,658$13,298$9,874$7,242$5,259$3,787
27 years$16,822$12,515$9,169$6,629$4,741$3,361
28 years$16,047$11,793$8,524$6,074$4,278$2,985
29 years$15,327$11,125$7,932$5,570$3,863$2,653
30 years$14,656$10,507$7,388$5,112$3,490$2,359
31 years$14,030$9,932$6,888$4,695$3,156$2,099
32 years$13,444$9,398$6,427$4,314$2,854$1,868
33 years$12,894$8,900$6,000$3,968$2,583$1,663
34 years$12,378$8,435$5,606$3,650$2,339$1,481
35 years$11,893$8,001$5,242$3,360$2,118$1,319
36 years$11,435$7,594$4,903$3,095$1,919$1,175
37 years$11,004$7,212$4,590$2,852$1,740$1,047
38 years$10,596$6,854$4,298$2,628$1,577$934
39 years$10,209$6,518$4,027$2,423$1,430$832
40 years$9,844$6,201$3,774$2,235$1,297$742
41 years$9,496$5,903$3,539$2,062$1,177$662
42 years$9,167$5,622$3,320$1,903$1,068$590
43 years$8,853$5,356$3,115$1,757$969$527
44 years$8,555$5,106$2,924$1,622$880$470
45 years$8,270$4,869$2,746$1,498$799$419
46 years$7,999$4,645$2,579$1,384$725$374
47 years$7,740$4,432$2,423$1,279$658$334
48 years$7,493$4,231$2,277$1,181$598$298
49 years$7,256$4,041$2,140$1,092$543$266
50 years$7,030$3,860$2,012$1,009$493$237

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 $6,551 every year, while hoping to spend $57,754 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: 48/31/21 Blend
64$7,200,000$7,200,000$7,200,000$7,200,000
65$7,941,157$7,559,557$7,447,957$8,274,833
66$8,689,706$7,868,526$7,636,014$8,816,929
67$9,512,670$8,190,698$7,828,435$9,398,912
68$10,417,580$8,526,660$8,025,306$10,029,694
69$11,412,732$8,877,025$8,226,712$10,713,884
70$12,507,264$9,242,433$8,432,740$11,456,541
71$13,711,248$9,623,555$8,643,480$12,263,231
72$15,035,778$10,021,091$8,859,019$13,140,070
73$16,493,078$10,435,775$9,079,446$14,093,781
74$18,096,617$10,868,374$9,304,854$15,131,758
75$19,861,237$11,319,689$9,535,331$16,262,133
76$21,803,289$11,790,560$9,770,971$17,493,848
77$23,940,791$12,281,864$10,011,865$18,836,738
78$26,293,596$12,794,519$10,258,106$20,301,625
79$28,883,578$13,329,486$10,509,788$21,900,411
80$31,734,841$13,887,770$10,767,004$23,646,195
81$34,873,946$14,470,421$11,029,850$25,553,387
82$38,330,156$15,078,539$11,298,418$27,637,847
83$42,135,721$15,713,277$11,572,803$29,917,026
84$46,326,174$16,375,837$11,853,102$32,410,134
85$50,940,670$17,067,479$12,139,407$35,138,312
86$56,022,355$17,789,523$12,431,814$38,124,833
87$61,618,774$18,543,347$12,730,418$41,395,314
88$67,782,314$19,330,396$13,035,312$44,977,957
89$74,570,705$20,152,181$13,346,591$48,903,812
90$82,047,562$21,010,283$13,664,347$53,207,062
91$90,282,985$21,906,358$13,988,673$57,925,346
92$99,354,217$22,842,137$14,319,661$63,100,106
93$109,346,379$23,819,434$14,657,402$68,776,978
94$120,353,270$24,840,147$15,001,985$75,006,213
95$132,478,251$25,906,261$15,353,499$81,843,152
96$145,835,221$27,019,857$15,712,031$89,348,738
97$160,549,695$28,183,111$16,077,665$97,590,089
98$176,759,983$29,398,302$16,450,485$106,641,127
99$194,618,497$30,667,816$16,830,573$116,583,264
100$214,293,194$31,994,148$17,218,007$127,506,171