Can I retire at age 65 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$644,117$638,379$632,782$627,318$621,983$598,724
2 years$318,870$312,931$307,176$301,595$296,182$273,016
3 years$210,468$204,504$198,763$193,235$187,910$165,565
4 years$156,278$150,332$144,648$139,215$134,019$112,665
5 years$123,772$117,862$112,253$106,930$101,879$81,572
6 years$102,109$96,243$90,717$85,513$80,614$61,367
7 years$86,641$80,825$75,386$70,305$65,560$47,370
8 years$75,046$69,282$63,934$58,977$54,389$37,237
9 years$66,032$60,322$55,066$50,235$45,803$29,666
10 years$58,825$53,171$48,008$43,303$39,027$23,875
11 years$52,932$47,335$42,265$37,687$33,564$19,366
12 years$48,025$42,486$37,509$33,057$29,086$15,804
13 years$43,876$38,395$33,512$29,184$25,364$12,961
14 years$40,323$34,900$30,111$25,906$22,234$10,670
15 years$37,246$31,881$27,186$23,104$19,576$8,812
16 years$34,557$29,251$24,648$20,687$17,301$7,297
17 years$32,186$26,939$22,429$18,587$15,341$6,054
18 years$30,082$24,893$20,475$16,751$13,640$5,032
19 years$28,201$23,070$18,744$15,136$12,158$4,189
20 years$26,510$21,438$17,202$13,708$10,860$3,491
21 years$24,982$19,969$15,822$12,441$9,718$2,912
22 years$23,595$18,640$14,583$11,312$8,711$2,431
23 years$22,330$17,434$13,465$10,302$7,819$2,031
24 years$21,173$16,334$12,453$9,396$7,028$1,697
25 years$20,110$15,329$11,534$8,581$6,324$1,419
26 years$19,130$14,407$10,697$7,846$5,697$1,187
27 years$18,224$13,558$9,933$7,182$5,136$994
28 years$17,384$12,776$9,234$6,580$4,634$832
29 years$16,604$12,053$8,593$6,034$4,185$696
30 years$15,877$11,382$8,004$5,538$3,781$583
31 years$15,199$10,760$7,462$5,086$3,419$488
32 years$14,564$10,181$6,962$4,674$3,092$409
33 years$13,969$9,642$6,501$4,298$2,799$343
34 years$13,410$9,138$6,074$3,955$2,534$287
35 years$12,884$8,667$5,678$3,640$2,295$241
36 years$12,388$8,227$5,312$3,353$2,079$202
37 years$11,921$7,813$4,972$3,089$1,885$169
38 years$11,479$7,426$4,656$2,847$1,709$142
39 years$11,060$7,061$4,362$2,625$1,549$119
40 years$10,664$6,718$4,089$2,422$1,405$99
41 years$10,288$6,395$3,834$2,234$1,275$83
42 years$9,931$6,090$3,596$2,062$1,157$70
43 years$9,591$5,803$3,375$1,903$1,050$59
44 years$9,268$5,531$3,168$1,757$953$49
45 years$8,959$5,275$2,974$1,623$865$41
46 years$8,666$5,032$2,794$1,499$786$34
47 years$8,385$4,802$2,625$1,385$713$29
48 years$8,117$4,584$2,466$1,280$648$24
49 years$7,861$4,377$2,318$1,183$588$20
50 years$7,616$4,182$2,179$1,093$534$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,800,000, adding $3,542 every year, while hoping to spend $34,859 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: 44/32/24 Blend
64$7,800,000$7,800,000$7,800,000$7,800,000
65$8,599,254$8,185,854$8,064,954$8,917,614
66$9,439,288$8,549,871$8,298,040$9,507,733
67$10,363,837$8,930,556$8,537,766$10,143,358
68$11,381,485$9,328,690$8,784,318$10,831,679
69$12,501,691$9,745,090$9,037,887$11,577,601
70$13,734,874$10,180,611$9,298,667$12,386,515
71$15,092,521$10,636,150$9,566,861$13,264,340
72$16,587,282$11,112,646$9,842,676$14,217,576
73$18,233,102$11,611,083$10,126,323$15,253,369
74$20,045,344$12,132,491$10,418,020$16,379,568
75$22,040,938$12,677,952$10,717,992$17,604,799
76$24,238,537$13,248,595$11,026,469$18,938,545
77$26,658,699$13,845,607$11,343,686$20,391,230
78$29,324,074$14,470,229$11,669,887$21,974,314
79$32,259,621$15,123,763$12,005,321$23,700,397
80$35,492,846$15,807,571$12,350,243$25,583,339
81$39,054,057$16,523,082$12,704,916$27,638,378
82$42,976,651$17,271,793$13,069,611$29,882,279
83$47,297,430$18,055,272$13,444,603$32,333,482
84$52,056,949$18,875,161$13,830,179$35,012,272
85$57,299,898$19,733,184$14,226,630$37,940,969
86$63,075,521$20,631,143$14,634,255$41,144,132
87$69,438,085$21,570,930$15,053,364$44,648,785
88$76,447,390$22,554,526$15,484,272$48,484,666
89$84,169,332$23,584,007$15,927,304$52,684,506
90$92,676,529$24,661,548$16,382,793$57,284,327
91$102,049,000$25,789,429$16,851,081$62,323,781
92$112,374,926$26,970,039$17,332,521$67,846,514
93$123,751,480$28,205,882$17,827,472$73,900,572
94$136,285,743$29,499,583$18,336,304$80,538,851
95$150,095,717$30,853,890$18,859,399$87,819,585
96$165,311,436$32,271,687$19,397,145$95,806,888
97$182,076,196$33,755,993$19,949,943$104,571,356
98$200,547,906$35,309,975$20,518,204$114,190,721
99$220,900,579$36,936,950$21,102,350$124,750,575
100$243,325,973$38,640,396$21,702,814$136,345,175