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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$611,085$605,642$600,331$595,148$590,086$567,571
2 years$302,517$296,883$291,423$286,129$280,994$258,574
3 years$199,675$194,016$188,570$183,325$178,274$156,657
4 years$148,264$142,623$137,231$132,076$127,146$106,496
5 years$117,425$111,818$106,497$101,447$96,655$77,024
6 years$96,873$91,308$86,065$81,128$76,480$57,882
7 years$82,198$76,680$71,520$66,700$62,198$44,628
8 years$71,197$65,729$60,655$55,953$51,600$35,040
9 years$62,646$57,229$52,242$47,659$43,454$27,882
10 years$55,808$50,444$45,546$41,083$37,025$22,411
11 years$50,218$44,908$40,098$35,754$31,843$18,154
12 years$45,562$40,307$35,586$31,361$27,594$14,796
13 years$41,626$36,426$31,794$27,687$24,063$12,117
14 years$38,255$33,110$28,567$24,578$21,093$9,962
15 years$35,336$30,246$25,792$21,919$18,572$8,215
16 years$32,785$27,751$23,384$19,626$16,414$6,793
17 years$30,536$25,557$21,279$17,634$14,554$5,628
18 years$28,539$23,616$19,425$15,892$12,941$4,671
19 years$26,754$21,887$17,782$14,360$11,534$3,882
20 years$25,150$20,339$16,320$13,005$10,303$3,230
21 years$23,701$18,945$15,011$11,803$9,220$2,690
22 years$22,385$17,684$13,835$10,732$8,264$2,242
23 years$21,185$16,540$12,774$9,774$7,418$1,870
24 years$20,087$15,496$11,814$8,914$6,668$1,561
25 years$19,078$14,543$10,942$8,141$6,000$1,303
26 years$18,149$13,668$10,148$7,444$5,405$1,088
27 years$17,289$12,863$9,423$6,813$4,873$909
28 years$16,493$12,121$8,760$6,242$4,397$760
29 years$15,753$11,434$8,152$5,724$3,970$635
30 years$15,063$10,799$7,594$5,254$3,587$531
31 years$14,419$10,208$7,079$4,825$3,243$444
32 years$13,817$9,659$6,605$4,434$2,934$371
33 years$13,252$9,147$6,167$4,078$2,655$311
34 years$12,722$8,670$5,762$3,752$2,404$260
35 years$12,223$8,223$5,387$3,454$2,177$217
36 years$11,753$7,805$5,040$3,181$1,973$182
37 years$11,309$7,413$4,717$2,931$1,788$152
38 years$10,890$7,045$4,417$2,701$1,621$127
39 years$10,493$6,699$4,139$2,491$1,470$106
40 years$10,117$6,373$3,879$2,297$1,333$89
41 years$9,760$6,067$3,637$2,120$1,210$75
42 years$9,421$5,778$3,412$1,956$1,098$62
43 years$9,099$5,505$3,202$1,806$996$52
44 years$8,792$5,248$3,005$1,667$904$44
45 years$8,500$5,004$2,822$1,540$821$37
46 years$8,221$4,774$2,650$1,422$745$31
47 years$7,955$4,556$2,490$1,314$677$26
48 years$7,701$4,349$2,340$1,214$615$21
49 years$7,458$4,153$2,199$1,122$558$18
50 years$7,225$3,967$2,068$1,037$507$15

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 $6,962 every year, while hoping to spend $29,163 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: 40/46/14 Blend
64$7,400,000$7,400,000$7,400,000$7,400,000
65$8,161,981$7,769,781$7,655,081$8,454,157
66$8,963,474$8,119,471$7,880,497$9,011,409
67$9,845,742$8,485,319$8,112,487$9,610,482
68$10,816,993$8,868,085$8,351,241$10,257,923
69$11,886,271$9,268,566$8,596,953$10,958,132
70$13,063,543$9,687,598$8,849,823$11,715,934
71$14,359,791$10,126,056$9,110,058$12,536,622
72$15,787,114$10,584,858$9,377,870$13,426,004
73$17,358,847$11,064,963$9,653,475$14,390,451
74$19,089,682$11,567,379$9,937,100$15,436,959
75$20,995,810$12,093,161$10,228,973$16,573,207
76$23,095,071$12,643,414$10,529,331$17,807,627
77$25,407,123$13,219,296$10,838,419$19,149,479
78$27,953,630$13,822,022$11,156,487$20,608,933
79$30,758,462$14,452,864$11,483,791$22,197,164
80$33,847,925$15,113,154$11,820,598$23,926,447
81$37,251,004$15,804,289$12,167,178$25,810,274
82$40,999,641$16,527,733$12,523,813$27,863,472
83$45,129,033$17,285,021$12,890,790$30,102,336
84$49,677,967$18,077,760$13,268,404$32,544,785
85$54,689,185$18,907,635$13,656,960$35,210,513
86$60,209,784$19,776,411$14,056,771$38,121,182
87$66,291,667$20,685,941$14,468,158$41,300,607
88$72,992,028$21,638,162$14,891,452$44,774,985
89$80,373,892$22,635,109$15,326,993$48,573,127
90$88,506,711$23,678,912$15,775,129$52,726,727
91$97,467,020$24,771,803$16,236,220$57,270,650
92$107,339,158$25,916,124$16,710,636$62,243,257
93$118,216,065$27,114,327$17,198,755$67,686,753
94$130,200,159$28,368,984$17,700,969$73,647,583
95$143,404,301$29,682,789$18,217,677$80,176,854
96$157,952,862$31,058,569$18,749,292$87,330,811
97$173,982,899$32,499,284$19,296,238$95,171,360
98$191,645,443$34,008,037$19,858,950$103,766,636
99$211,106,930$35,588,082$20,437,876$113,191,638
100$232,550,768$37,242,830$21,033,477$123,528,927