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

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$627,601$622,011$616,556$611,233$606,035$593,071
2 years$310,694$304,907$299,299$293,862$288,588$275,591
3 years$205,072$199,260$193,666$188,280$183,092$170,467
4 years$152,271$146,477$140,940$135,645$130,583$118,426
5 years$120,599$114,840$109,375$104,189$99,267$87,614
6 years$99,491$93,775$88,391$83,320$78,547$67,409
7 years$84,420$78,753$73,453$68,502$63,879$53,260
8 years$73,122$67,505$62,294$57,465$52,994$42,889
9 years$64,339$58,776$53,654$48,947$44,629$35,031
10 years$57,317$51,808$46,777$42,193$38,026$28,926
11 years$51,575$46,121$41,182$36,721$32,704$24,089
12 years$46,794$41,396$36,548$32,209$28,340$20,199
13 years$42,751$37,410$32,653$28,436$24,713$17,030
14 years$39,289$34,005$29,339$25,242$21,663$14,424
15 years$36,291$31,064$26,489$22,511$19,074$12,262
16 years$33,671$28,501$24,016$20,157$16,858$10,456
17 years$31,361$26,248$21,854$18,110$14,947$8,940
18 years$29,310$24,254$19,950$16,321$13,290$7,660
19 years$27,477$22,479$18,263$14,748$11,846$6,576
20 years$25,830$20,888$16,761$13,357$10,581$5,654
21 years$24,341$19,457$15,417$12,122$9,469$4,867
22 years$22,990$18,162$14,209$11,022$8,488$4,195
23 years$21,758$16,987$13,119$10,038$7,619$3,619
24 years$20,630$15,915$12,133$9,155$6,848$3,125
25 years$19,594$14,936$11,238$8,361$6,162$2,701
26 years$18,639$14,037$10,422$7,645$5,551$2,335
27 years$17,757$13,211$9,678$6,997$5,004$2,020
28 years$16,939$12,448$8,997$6,411$4,516$1,748
29 years$16,179$11,744$8,373$5,879$4,077$1,514
30 years$15,470$11,091$7,799$5,396$3,684$1,311
31 years$14,809$10,484$7,271$4,955$3,331$1,136
32 years$14,190$9,920$6,784$4,554$3,013$984
33 years$13,610$9,395$6,334$4,188$2,727$853
34 years$13,066$8,904$5,918$3,853$2,469$740
35 years$12,553$8,445$5,533$3,547$2,236$641
36 years$12,071$8,016$5,176$3,267$2,026$556
37 years$11,615$7,613$4,845$3,010$1,836$483
38 years$11,184$7,235$4,537$2,774$1,665$419
39 years$10,777$6,880$4,250$2,558$1,510$363
40 years$10,390$6,546$3,984$2,359$1,369$315
41 years$10,024$6,231$3,736$2,177$1,242$273
42 years$9,676$5,934$3,504$2,009$1,127$237
43 years$9,345$5,654$3,288$1,855$1,023$206
44 years$9,030$5,389$3,087$1,712$929$179
45 years$8,730$5,139$2,898$1,581$843$155
46 years$8,443$4,903$2,722$1,461$765$135
47 years$8,170$4,679$2,557$1,350$695$117
48 years$7,909$4,466$2,403$1,247$631$101
49 years$7,659$4,265$2,259$1,153$573$88
50 years$7,420$4,074$2,124$1,065$521$76

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 $2,332 every year, while hoping to spend $50,675 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: 58/29/13 Blend
64$7,600,000$7,600,000$7,600,000$7,600,000
65$8,377,605$7,974,805$7,857,005$8,836,087
66$9,178,203$8,311,653$8,066,297$9,482,767
67$10,058,764$8,663,308$8,280,902$10,181,528
68$11,027,390$9,030,442$8,500,944$10,942,020
69$12,093,008$9,413,758$8,726,551$11,770,182
70$13,265,456$9,813,993$8,957,851$12,672,540
71$14,555,570$10,231,917$9,194,977$13,656,275
72$15,975,293$10,668,336$9,438,063$14,729,282
73$17,537,782$11,124,093$9,687,247$15,900,246
74$19,257,535$11,600,072$9,942,669$17,178,722
75$21,150,525$12,097,198$10,204,470$18,575,220
76$23,234,356$12,616,437$10,472,797$20,101,304
77$25,528,421$13,158,803$10,747,796$21,769,700
78$28,054,091$13,725,357$11,029,619$23,594,409
79$30,834,916$14,317,207$11,318,419$25,590,841
80$33,896,844$14,935,516$11,614,352$27,775,956
81$37,268,466$15,581,500$11,917,577$30,168,420
82$40,981,289$16,256,433$12,228,255$32,788,781
83$45,070,030$16,961,648$12,546,552$35,659,656
84$49,572,945$17,698,541$12,872,633$38,805,944
85$54,532,190$18,468,574$13,206,671$42,255,056
86$59,994,216$19,273,277$13,548,837$46,037,173
87$66,010,210$20,114,252$13,899,307$50,185,522
88$72,636,579$20,993,177$14,258,261$54,736,690
89$79,935,476$21,911,809$14,625,879$59,730,963
90$87,975,395$22,871,988$15,002,347$65,212,703
91$96,831,811$23,875,641$15,387,851$71,230,763
92$106,587,893$24,924,785$15,782,581$77,838,941
93$117,335,292$26,021,533$16,186,731$85,096,486
94$129,175,001$27,168,097$16,600,496$93,068,647
95$142,218,313$28,366,796$17,024,075$101,827,291
96$156,587,868$29,620,056$17,457,668$111,451,570
97$172,418,812$30,930,420$17,901,481$122,028,665
98$189,860,069$32,300,549$18,355,719$133,654,600
99$209,075,753$33,733,233$18,820,593$146,435,148
100$230,246,710$35,231,391$19,296,313$160,486,814