Can I retire at age 65 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$611,085$605,642$600,331$595,148$590,086$584,167
2 years$302,517$296,883$291,423$286,129$280,994$275,032
3 years$199,675$194,016$188,570$183,325$178,274$172,454
4 years$148,264$142,623$137,231$132,076$127,146$121,514
5 years$117,425$111,818$106,497$101,447$96,655$91,226
6 years$96,873$91,308$86,065$81,128$76,480$71,261
7 years$82,198$76,680$71,520$66,700$62,198$57,192
8 years$71,197$65,729$60,655$55,953$51,600$46,806
9 years$62,646$57,229$52,242$47,659$43,454$38,871
10 years$55,808$50,444$45,546$41,083$37,025$32,650
11 years$50,218$44,908$40,098$35,754$31,843$27,672
12 years$45,562$40,307$35,586$31,361$27,594$23,624
13 years$41,626$36,426$31,794$27,687$24,063$20,288
14 years$38,255$33,110$28,567$24,578$21,093$17,509
15 years$35,336$30,246$25,792$21,919$18,572$15,172
16 years$32,785$27,751$23,384$19,626$16,414$13,194
17 years$30,536$25,557$21,279$17,634$14,554$11,507
18 years$28,539$23,616$19,425$15,892$12,941$10,061
19 years$26,754$21,887$17,782$14,360$11,534$8,816
20 years$25,150$20,339$16,320$13,005$10,303$7,740
21 years$23,701$18,945$15,011$11,803$9,220$6,806
22 years$22,385$17,684$13,835$10,732$8,264$5,993
23 years$21,185$16,540$12,774$9,774$7,418$5,283
24 years$20,087$15,496$11,814$8,914$6,668$4,663
25 years$19,078$14,543$10,942$8,141$6,000$4,119
26 years$18,149$13,668$10,148$7,444$5,405$3,642
27 years$17,289$12,863$9,423$6,813$4,873$3,222
28 years$16,493$12,121$8,760$6,242$4,397$2,853
29 years$15,753$11,434$8,152$5,724$3,970$2,527
30 years$15,063$10,799$7,594$5,254$3,587$2,240
31 years$14,419$10,208$7,079$4,825$3,243$1,986
32 years$13,817$9,659$6,605$4,434$2,934$1,761
33 years$13,252$9,147$6,167$4,078$2,655$1,563
34 years$12,722$8,670$5,762$3,752$2,404$1,387
35 years$12,223$8,223$5,387$3,454$2,177$1,232
36 years$11,753$7,805$5,040$3,181$1,973$1,094
37 years$11,309$7,413$4,717$2,931$1,788$971
38 years$10,890$7,045$4,417$2,701$1,621$863
39 years$10,493$6,699$4,139$2,491$1,470$767
40 years$10,117$6,373$3,879$2,297$1,333$681
41 years$9,760$6,067$3,637$2,120$1,210$606
42 years$9,421$5,778$3,412$1,956$1,098$538
43 years$9,099$5,505$3,202$1,806$996$478
44 years$8,792$5,248$3,005$1,667$904$425
45 years$8,500$5,004$2,822$1,540$821$378
46 years$8,221$4,774$2,650$1,422$745$336
47 years$7,955$4,556$2,490$1,314$677$299
48 years$7,701$4,349$2,340$1,214$615$266
49 years$7,458$4,153$2,199$1,122$558$236
50 years$7,225$3,967$2,068$1,037$507$210

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,400,000, adding $4,836 every year, while hoping to spend $32,316 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: 72/5/23 Blend
64$7,400,000$7,400,000$7,400,000$7,400,000
65$8,159,788$7,767,588$7,652,888$8,700,425
66$8,957,703$8,113,816$7,874,876$9,407,741
67$9,835,921$8,475,926$8,103,217$10,177,916
68$10,802,601$8,854,662$8,338,091$11,020,707
69$11,866,730$9,250,804$8,579,680$11,943,330
70$13,038,211$9,665,168$8,828,174$12,953,731
71$14,327,957$10,098,610$9,083,766$14,060,659
72$15,747,992$10,552,025$9,346,656$15,273,750
73$17,311,566$11,026,354$9,617,048$16,603,613
74$19,033,279$11,522,578$9,895,153$18,061,935
75$20,929,219$12,041,730$10,181,186$19,661,587
76$23,017,113$12,584,888$10,475,369$21,416,742
77$25,316,495$13,153,184$10,777,930$23,343,015
78$27,848,890$13,747,803$11,089,104$25,457,602
79$30,638,019$14,369,987$11,409,131$27,779,445
80$33,710,018$15,021,037$11,738,257$30,329,409
81$37,093,688$15,702,317$12,076,737$33,130,480
82$40,820,768$16,415,254$12,424,832$36,207,976
83$44,926,232$17,161,347$12,782,809$39,589,789
84$49,448,617$17,942,163$13,150,943$43,306,645
85$54,430,393$18,759,346$13,529,517$47,392,394
86$59,918,358$19,614,618$13,918,820$51,884,327
87$65,964,081$20,509,785$14,319,152$56,823,526
88$72,624,391$21,446,738$14,730,817$62,255,254
89$79,961,909$22,427,459$15,154,129$68,229,376
90$88,045,644$23,454,025$15,589,413$74,800,832
91$96,951,640$24,528,612$16,036,998$82,030,151
92$106,763,696$25,653,502$16,497,226$89,984,024
93$117,574,155$26,831,087$16,970,446$98,735,929
94$129,484,780$28,063,870$17,457,016$108,366,823
95$142,607,706$29,354,479$17,957,305$118,965,908
96$157,066,509$30,705,665$18,471,692$130,631,465
97$172,997,363$32,120,313$19,000,564$143,471,785
98$190,550,332$33,601,446$19,544,321$157,606,189
99$209,890,782$35,152,233$20,103,371$173,166,147
100$231,200,943$36,775,994$20,678,136$190,296,524