Can I retire at age 65 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$602,827$597,458$592,219$587,105$582,112$567,349
2 years$298,429$292,871$287,485$282,262$277,196$262,419
3 years$196,977$191,395$186,022$180,848$175,865$161,535
4 years$146,260$140,695$135,376$130,291$125,428$111,656
5 years$115,838$110,307$105,057$100,076$95,349$82,172
6 years$95,564$90,074$84,902$80,031$75,446$62,879
7 years$81,087$75,644$70,554$65,798$61,358$49,401
8 years$70,235$64,841$59,835$55,197$50,902$39,550
9 years$61,799$56,456$51,536$47,015$42,867$32,110
10 years$55,054$49,763$44,930$40,528$36,525$26,350
11 years$49,539$44,301$39,556$35,271$31,413$21,805
12 years$44,947$39,762$35,105$30,938$27,221$18,164
13 years$41,064$35,933$31,364$27,313$23,738$15,213
14 years$37,738$32,662$28,181$24,246$20,808$12,796
15 years$34,859$29,838$25,443$21,623$18,321$10,803
16 years$32,342$27,376$23,068$19,361$16,192$9,147
17 years$30,123$25,212$20,991$17,396$14,357$7,764
18 years$28,153$23,297$19,162$15,677$12,766$6,604
19 years$26,393$21,591$17,542$14,165$11,378$5,627
20 years$24,810$20,064$16,099$12,830$10,163$4,801
21 years$23,381$18,689$14,808$11,644$9,095$4,102
22 years$22,082$17,445$13,648$10,587$8,153$3,508
23 years$20,899$16,316$12,602$9,642$7,318$3,003
24 years$19,816$15,287$11,654$8,794$6,578$2,573
25 years$18,821$14,346$10,794$8,031$5,919$2,206
26 years$17,904$13,483$10,011$7,343$5,332$1,892
27 years$17,056$12,689$9,296$6,721$4,807$1,623
28 years$16,270$11,957$8,642$6,158$4,337$1,394
29 years$15,540$11,280$8,042$5,647$3,916$1,197
30 years$14,860$10,653$7,491$5,183$3,539$1,028
31 years$14,225$10,070$6,984$4,760$3,199$883
32 years$13,630$9,529$6,516$4,374$2,894$759
33 years$13,073$9,024$6,084$4,023$2,619$653
34 years$12,550$8,552$5,684$3,701$2,371$561
35 years$12,058$8,112$5,314$3,407$2,148$482
36 years$11,594$7,699$4,972$3,138$1,946$415
37 years$11,156$7,313$4,653$2,891$1,764$357
38 years$10,743$6,950$4,358$2,665$1,599$307
39 years$10,351$6,608$4,083$2,457$1,450$264
40 years$9,980$6,287$3,827$2,266$1,315$227
41 years$9,628$5,985$3,588$2,091$1,193$195
42 years$9,294$5,700$3,366$1,930$1,083$168
43 years$8,976$5,431$3,158$1,781$983$145
44 years$8,673$5,177$2,965$1,645$892$124
45 years$8,385$4,936$2,784$1,519$810$107
46 years$8,110$4,709$2,615$1,403$735$92
47 years$7,848$4,494$2,456$1,296$668$79
48 years$7,597$4,290$2,308$1,198$606$68
49 years$7,357$4,097$2,170$1,107$551$59
50 years$7,127$3,913$2,040$1,023$500$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,300,000, adding $4,281 every year, while hoping to spend $31,216 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: 38/37/25 Blend
64$7,300,000$7,300,000$7,300,000$7,300,000
65$8,049,016$7,662,116$7,548,966$8,294,679
66$8,836,802$8,004,346$7,768,643$8,816,617
67$9,703,896$8,362,299$7,994,632$9,377,112
68$10,658,354$8,736,713$8,227,114$9,982,260
69$11,709,054$9,128,360$8,466,270$10,636,125
70$12,865,777$9,538,049$8,712,289$11,343,167
71$14,139,302$9,966,628$8,965,366$12,108,279
72$15,541,504$10,414,986$9,225,699$12,936,830
73$17,085,471$10,884,054$9,493,494$13,834,714
74$18,785,622$11,374,806$9,768,959$14,808,403
75$20,657,848$11,888,264$10,052,312$15,865,004
76$22,719,658$12,425,498$10,343,773$17,012,321
77$24,990,346$12,987,631$10,643,573$18,258,928
78$27,491,172$13,575,836$10,951,943$19,614,246
79$30,245,565$14,191,345$11,269,127$21,088,624
80$33,279,340$14,835,448$11,595,370$22,693,439
81$36,620,945$15,509,497$11,930,927$24,441,193
82$40,301,728$16,214,909$12,276,060$26,345,632
83$44,356,232$16,953,168$12,631,036$28,421,865
84$48,822,523$17,725,828$12,996,131$30,686,509
85$53,742,547$18,534,521$13,371,628$33,157,835
86$59,162,528$19,380,953$13,757,818$35,855,937
87$65,133,402$20,266,916$14,155,001$38,802,917
88$71,711,297$21,194,283$14,563,482$42,023,089
89$78,958,069$22,165,022$14,983,578$45,543,197
90$86,941,876$23,181,192$15,415,612$49,392,668
91$95,737,829$24,244,952$15,859,916$53,603,879
92$105,428,697$25,358,565$16,316,833$58,212,458
93$116,105,690$26,524,401$16,786,714$63,257,610
94$127,869,320$27,744,946$17,269,918$68,782,483
95$140,830,347$29,022,804$17,766,816$74,834,567
96$155,110,827$30,360,706$18,277,789$81,466,131
97$170,845,263$31,761,512$18,803,227$88,734,711
98$188,181,875$33,228,222$19,343,530$96,703,644
99$207,283,999$34,763,977$19,899,111$105,442,655
100$228,331,628$36,372,073$20,470,392$115,028,505