Can I retire at age 65 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$627,601$622,011$616,556$611,233$606,035$592,347
2 years$310,694$304,907$299,299$293,862$288,588$274,871
3 years$205,072$199,260$193,666$188,280$183,092$169,774
4 years$152,271$146,477$140,940$135,645$130,583$117,767
5 years$120,599$114,840$109,375$104,189$99,267$86,989
6 years$99,491$93,775$88,391$83,320$78,547$66,819
7 years$84,420$78,753$73,453$68,502$63,879$52,705
8 years$73,122$67,505$62,294$57,465$52,994$42,368
9 years$64,339$58,776$53,654$48,947$44,629$34,543
10 years$57,317$51,808$46,777$42,193$38,026$28,470
11 years$51,575$46,121$41,182$36,721$32,704$23,665
12 years$46,794$41,396$36,548$32,209$28,340$19,804
13 years$42,751$37,410$32,653$28,436$24,713$16,664
14 years$39,289$34,005$29,339$25,242$21,663$14,084
15 years$36,291$31,064$26,489$22,511$19,074$11,948
16 years$33,671$28,501$24,016$20,157$16,858$10,167
17 years$31,361$26,248$21,854$18,110$14,947$8,674
18 years$29,310$24,254$19,950$16,321$13,290$7,416
19 years$27,477$22,479$18,263$14,748$11,846$6,352
20 years$25,830$20,888$16,761$13,357$10,581$5,449
21 years$24,341$19,457$15,417$12,122$9,469$4,680
22 years$22,990$18,162$14,209$11,022$8,488$4,025
23 years$21,758$16,987$13,119$10,038$7,619$3,464
24 years$20,630$15,915$12,133$9,155$6,848$2,984
25 years$19,594$14,936$11,238$8,361$6,162$2,573
26 years$18,639$14,037$10,422$7,645$5,551$2,219
27 years$17,757$13,211$9,678$6,997$5,004$1,915
28 years$16,939$12,448$8,997$6,411$4,516$1,653
29 years$16,179$11,744$8,373$5,879$4,077$1,428
30 years$15,470$11,091$7,799$5,396$3,684$1,234
31 years$14,809$10,484$7,271$4,955$3,331$1,066
32 years$14,190$9,920$6,784$4,554$3,013$922
33 years$13,610$9,395$6,334$4,188$2,727$797
34 years$13,066$8,904$5,918$3,853$2,469$689
35 years$12,553$8,445$5,533$3,547$2,236$596
36 years$12,071$8,016$5,176$3,267$2,026$516
37 years$11,615$7,613$4,845$3,010$1,836$446
38 years$11,184$7,235$4,537$2,774$1,665$386
39 years$10,777$6,880$4,250$2,558$1,510$334
40 years$10,390$6,546$3,984$2,359$1,369$289
41 years$10,024$6,231$3,736$2,177$1,242$250
42 years$9,676$5,934$3,504$2,009$1,127$217
43 years$9,345$5,654$3,288$1,855$1,023$187
44 years$9,030$5,389$3,087$1,712$929$162
45 years$8,730$5,139$2,898$1,581$843$140
46 years$8,443$4,903$2,722$1,461$765$122
47 years$8,170$4,679$2,557$1,350$695$105
48 years$7,909$4,466$2,403$1,247$631$91
49 years$7,659$4,265$2,259$1,153$573$79
50 years$7,420$4,074$2,124$1,065$521$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,600,000, adding $3,923 every year, while hoping to spend $44,273 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: 55/40/5 Blend
64$7,600,000$7,600,000$7,600,000$7,600,000
65$8,379,247$7,976,447$7,858,647$8,831,361
66$9,186,824$8,320,186$8,074,805$9,480,194
67$10,075,290$8,679,285$8,296,721$10,180,954
68$11,052,849$9,054,450$8,524,541$10,942,762
69$12,128,540$9,446,419$8,758,413$11,771,416
70$13,312,323$9,855,965$8,998,492$12,673,285
71$14,615,172$10,283,900$9,244,934$13,655,368
72$16,049,179$10,731,070$9,497,899$14,725,359
73$17,627,668$11,198,365$9,757,551$15,891,714
74$19,365,319$11,686,714$10,024,057$17,163,729
75$21,278,308$12,197,089$10,297,590$18,551,628
76$23,384,461$12,730,512$10,578,325$20,066,650
77$25,703,418$13,288,049$10,866,441$21,721,157
78$28,256,821$13,870,818$11,162,121$23,528,745
79$31,068,519$14,479,990$11,465,554$25,504,370
80$34,164,789$15,116,791$11,776,931$27,664,483
81$37,574,588$15,782,504$12,096,449$30,027,184
82$41,329,823$16,478,475$12,424,308$32,612,387
83$45,465,656$17,206,111$12,760,713$35,442,003
84$50,020,829$17,966,887$13,105,873$38,540,146
85$55,038,037$18,762,347$13,460,003$41,933,352
86$60,564,326$19,594,111$13,823,322$45,650,824
87$66,651,536$20,463,872$14,196,053$49,724,709
88$73,356,796$21,373,405$14,578,424$54,190,386
89$80,743,057$22,324,569$14,970,668$59,086,804
90$88,879,688$23,319,313$15,373,025$64,456,836
91$97,843,132$24,359,675$15,785,737$70,347,684
92$107,717,626$25,447,793$16,209,054$76,811,313
93$118,595,994$26,585,905$16,643,227$83,904,937
94$130,580,528$27,776,357$17,088,518$91,691,552
95$143,783,948$29,021,604$17,545,189$100,240,523
96$158,330,469$30,324,222$18,013,512$109,628,231
97$174,356,973$31,686,905$18,493,761$119,938,785
98$192,014,300$33,112,479$18,986,217$131,264,809
99$211,468,671$34,603,903$19,491,168$143,708,308
100$232,903,258$36,164,277$20,008,905$157,381,618