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%12.1%
1 years$611,085$605,642$600,331$595,148$590,086$584,898
2 years$302,517$296,883$291,423$286,129$280,994$275,765
3 years$199,675$194,016$188,570$183,325$178,274$173,168
4 years$148,264$142,623$137,231$132,076$127,146$122,202
5 years$117,425$111,818$106,497$101,447$96,655$91,886
6 years$96,873$91,308$86,065$81,128$76,480$71,893
7 years$82,198$76,680$71,520$66,700$62,198$57,796
8 years$71,197$65,729$60,655$55,953$51,600$47,381
9 years$62,646$57,229$52,242$47,659$43,454$39,418
10 years$55,808$50,444$45,546$41,083$37,025$33,169
11 years$50,218$44,908$40,098$35,754$31,843$28,164
12 years$45,562$40,307$35,586$31,361$27,594$24,089
13 years$41,626$36,426$31,794$27,687$24,063$20,728
14 years$38,255$33,110$28,567$24,578$21,093$17,924
15 years$35,336$30,246$25,792$21,919$18,572$15,564
16 years$32,785$27,751$23,384$19,626$16,414$13,562
17 years$30,536$25,557$21,279$17,634$14,554$11,853
18 years$28,539$23,616$19,425$15,892$12,941$10,386
19 years$26,754$21,887$17,782$14,360$11,534$9,120
20 years$25,150$20,339$16,320$13,005$10,303$8,024
21 years$23,701$18,945$15,011$11,803$9,220$7,071
22 years$22,385$17,684$13,835$10,732$8,264$6,241
23 years$21,185$16,540$12,774$9,774$7,418$5,515
24 years$20,087$15,496$11,814$8,914$6,668$4,878
25 years$19,078$14,543$10,942$8,141$6,000$4,320
26 years$18,149$13,668$10,148$7,444$5,405$3,828
27 years$17,289$12,863$9,423$6,813$4,873$3,395
28 years$16,493$12,121$8,760$6,242$4,397$3,013
29 years$15,753$11,434$8,152$5,724$3,970$2,676
30 years$15,063$10,799$7,594$5,254$3,587$2,377
31 years$14,419$10,208$7,079$4,825$3,243$2,113
32 years$13,817$9,659$6,605$4,434$2,934$1,879
33 years$13,252$9,147$6,167$4,078$2,655$1,671
34 years$12,722$8,670$5,762$3,752$2,404$1,487
35 years$12,223$8,223$5,387$3,454$2,177$1,323
36 years$11,753$7,805$5,040$3,181$1,973$1,178
37 years$11,309$7,413$4,717$2,931$1,788$1,049
38 years$10,890$7,045$4,417$2,701$1,621$934
39 years$10,493$6,699$4,139$2,491$1,470$832
40 years$10,117$6,373$3,879$2,297$1,333$742
41 years$9,760$6,067$3,637$2,120$1,210$661
42 years$9,421$5,778$3,412$1,956$1,098$589
43 years$9,099$5,505$3,202$1,806$996$525
44 years$8,792$5,248$3,005$1,667$904$468
45 years$8,500$5,004$2,822$1,540$821$417
46 years$8,221$4,774$2,650$1,422$745$372
47 years$7,955$4,556$2,490$1,314$677$331
48 years$7,701$4,349$2,340$1,214$615$296
49 years$7,458$4,153$2,199$1,122$558$264
50 years$7,225$3,967$2,068$1,037$507$235

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 $4,516 every year, while hoping to spend $32,235 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: 39/38/23 Blend
64$7,400,000$7,400,000$7,400,000$7,400,000
65$8,159,458$7,767,258$7,652,558$8,421,700
66$8,957,425$8,113,556$7,874,621$8,958,052
67$9,835,704$8,475,742$8,103,043$9,534,262
68$10,802,454$8,854,561$8,338,002$10,156,681
69$11,866,662$9,250,792$8,579,683$10,829,527
70$13,038,234$9,665,253$8,828,275$11,557,427
71$14,328,082$10,098,800$9,083,971$12,345,460
72$15,748,234$10,552,329$9,346,972$13,199,198
73$17,311,940$11,026,779$9,617,481$14,124,761
74$19,033,802$11,523,135$9,895,711$15,128,865
75$20,929,909$12,042,428$10,181,876$16,218,889
76$23,017,991$12,585,738$10,476,200$17,402,936
77$25,317,584$13,154,196$10,778,910$18,689,907
78$27,850,215$13,748,990$11,090,242$20,089,583
79$30,639,608$14,371,361$11,410,436$21,612,713
80$33,711,902$15,022,612$11,739,739$23,271,109
81$37,095,901$15,704,106$12,078,406$25,077,755
82$40,823,349$16,417,272$12,426,698$27,046,924
83$44,929,222$17,163,610$12,784,884$29,194,311
84$49,452,063$17,944,687$13,153,238$31,537,172
85$54,434,346$18,762,149$13,532,044$34,094,483
86$59,922,874$19,617,720$13,921,592$36,887,116
87$65,969,223$20,513,204$14,322,182$39,938,029
88$72,630,228$21,450,495$14,734,119$43,272,475
89$79,968,517$22,431,575$15,157,718$46,918,236
90$88,053,108$23,458,524$15,593,303$50,905,880
91$96,960,052$24,533,519$16,041,206$55,269,041
92$106,773,159$25,658,843$16,501,768$60,044,727
93$117,584,783$26,836,888$16,975,339$65,273,669
94$129,496,696$28,070,161$17,462,278$71,000,692
95$142,621,050$29,361,290$17,962,956$77,275,130
96$157,081,433$30,713,029$18,477,750$84,151,288
97$173,014,035$32,128,263$19,007,051$91,688,941
98$190,568,936$33,610,018$19,551,257$99,953,891
99$209,911,523$35,161,464$20,110,780$109,018,580
100$231,224,048$36,785,925$20,686,040$118,962,760