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%20%
1 years$611,085$605,642$600,331$595,148$590,086$566,450
2 years$302,517$296,883$291,423$286,129$280,994$257,477
3 years$199,675$194,016$188,570$183,325$178,274$155,618
4 years$148,264$142,623$137,231$132,076$127,146$105,524
5 years$117,425$111,818$106,497$101,447$96,655$76,119
6 years$96,873$91,308$86,065$81,128$76,480$57,045
7 years$82,198$76,680$71,520$66,700$62,198$43,857
8 years$71,197$65,729$60,655$55,953$51,600$34,332
9 years$62,646$57,229$52,242$47,659$43,454$27,235
10 years$55,808$50,444$45,546$41,083$37,025$21,821
11 years$50,218$44,908$40,098$35,754$31,843$17,619
12 years$45,562$40,307$35,586$31,361$27,594$14,311
13 years$41,626$36,426$31,794$27,687$24,063$11,680
14 years$38,255$33,110$28,567$24,578$21,093$9,569
15 years$35,336$30,246$25,792$21,919$18,572$7,864
16 years$32,785$27,751$23,384$19,626$16,414$6,478
17 years$30,536$25,557$21,279$17,634$14,554$5,347
18 years$28,539$23,616$19,425$15,892$12,941$4,421
19 years$26,754$21,887$17,782$14,360$11,534$3,661
20 years$25,150$20,339$16,320$13,005$10,303$3,034
21 years$23,701$18,945$15,011$11,803$9,220$2,517
22 years$22,385$17,684$13,835$10,732$8,264$2,090
23 years$21,185$16,540$12,774$9,774$7,418$1,736
24 years$20,087$15,496$11,814$8,914$6,668$1,443
25 years$19,078$14,543$10,942$8,141$6,000$1,200
26 years$18,149$13,668$10,148$7,444$5,405$998
27 years$17,289$12,863$9,423$6,813$4,873$831
28 years$16,493$12,121$8,760$6,242$4,397$691
29 years$15,753$11,434$8,152$5,724$3,970$576
30 years$15,063$10,799$7,594$5,254$3,587$479
31 years$14,419$10,208$7,079$4,825$3,243$399
32 years$13,817$9,659$6,605$4,434$2,934$332
33 years$13,252$9,147$6,167$4,078$2,655$277
34 years$12,722$8,670$5,762$3,752$2,404$231
35 years$12,223$8,223$5,387$3,454$2,177$192
36 years$11,753$7,805$5,040$3,181$1,973$160
37 years$11,309$7,413$4,717$2,931$1,788$133
38 years$10,890$7,045$4,417$2,701$1,621$111
39 years$10,493$6,699$4,139$2,491$1,470$93
40 years$10,117$6,373$3,879$2,297$1,333$77
41 years$9,760$6,067$3,637$2,120$1,210$64
42 years$9,421$5,778$3,412$1,956$1,098$54
43 years$9,099$5,505$3,202$1,806$996$45
44 years$8,792$5,248$3,005$1,667$904$37
45 years$8,500$5,004$2,822$1,540$821$31
46 years$8,221$4,774$2,650$1,422$745$26
47 years$7,955$4,556$2,490$1,314$677$22
48 years$7,701$4,349$2,340$1,214$615$18
49 years$7,458$4,153$2,199$1,122$558$15
50 years$7,225$3,967$2,068$1,037$507$12

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 $6,292 every year, while hoping to spend $41,171 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: 57/35/8 Blend
64$7,400,000$7,400,000$7,400,000$7,400,000
65$8,161,290$7,769,090$7,654,390$8,611,213
66$8,949,936$8,105,970$7,867,007$9,251,779
67$9,817,644$8,457,977$8,085,366$9,944,222
68$10,772,435$8,825,809$8,309,617$10,697,666
69$11,823,146$9,210,197$8,539,912$11,517,943
70$12,979,516$9,611,905$8,776,408$12,411,464
71$14,252,273$10,031,735$9,019,264$13,385,275
72$15,653,240$10,470,525$9,268,644$14,447,125
73$17,195,443$10,929,153$9,524,717$15,605,532
74$18,893,237$11,408,540$9,787,653$16,869,864
75$20,762,437$11,909,649$10,057,630$18,250,425
76$22,820,472$12,433,488$10,334,826$19,758,547
77$25,086,544$12,981,113$10,619,427$21,406,696
78$27,581,815$13,553,631$10,911,621$23,208,585
79$30,329,602$14,152,200$11,211,602$25,179,303
80$33,355,597$14,778,034$11,519,567$27,335,450
81$36,688,114$15,432,404$11,835,718$29,695,295
82$40,358,351$16,116,641$12,160,264$32,278,940
83$44,400,685$16,832,138$12,493,415$35,108,508
84$48,852,999$17,580,358$12,835,389$38,208,350
85$53,757,038$18,362,828$13,186,408$41,605,268
86$59,158,802$19,181,153$13,546,698$45,328,762
87$65,108,979$20,037,009$13,916,492$49,411,309
88$71,663,429$20,932,155$14,296,028$53,888,660
89$78,883,701$21,868,434$14,685,548$58,800,175
90$86,837,626$22,847,775$15,085,301$64,189,189
91$95,599,946$23,872,198$15,495,541$70,103,415
92$105,253,027$24,943,822$15,916,528$76,595,389
93$115,887,632$26,064,865$16,348,527$83,722,959
94$127,603,778$27,237,651$16,791,810$91,549,827
95$140,511,682$28,464,615$17,246,655$100,146,141
96$154,732,801$29,748,309$17,713,346$109,589,153
97$170,400,976$31,091,405$18,192,172$119,963,940
98$187,663,695$32,496,703$18,683,429$131,364,198
99$206,683,489$33,967,138$19,187,421$143,893,122
100$227,639,462$35,505,785$19,704,456$157,664,369