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%16.5%
1 years$644,117$638,379$632,782$627,318$621,983$605,473
2 years$318,870$312,931$307,176$301,595$296,182$279,664
3 years$210,468$204,504$198,763$193,235$187,910$171,901
4 years$156,278$150,332$144,648$139,215$134,019$118,641
5 years$123,772$117,862$112,253$106,930$101,879$87,175
6 years$102,109$96,243$90,717$85,513$80,614$66,598
7 years$86,641$80,825$75,386$70,305$65,560$52,234
8 years$75,046$69,282$63,934$58,977$54,389$41,745
9 years$66,032$60,322$55,066$50,235$45,803$33,830
10 years$58,825$53,171$48,008$43,303$39,027$27,710
11 years$52,932$47,335$42,265$37,687$33,564$22,886
12 years$48,025$42,486$37,509$33,057$29,086$19,028
13 years$43,876$38,395$33,512$29,184$25,364$15,904
14 years$40,323$34,900$30,111$25,906$22,234$13,350
15 years$37,246$31,881$27,186$23,104$19,576$11,247
16 years$34,557$29,251$24,648$20,687$17,301$9,502
17 years$32,186$26,939$22,429$18,587$15,341$8,048
18 years$30,082$24,893$20,475$16,751$13,640$6,830
19 years$28,201$23,070$18,744$15,136$12,158$5,807
20 years$26,510$21,438$17,202$13,708$10,860$4,944
21 years$24,982$19,969$15,822$12,441$9,718$4,214
22 years$23,595$18,640$14,583$11,312$8,711$3,596
23 years$22,330$17,434$13,465$10,302$7,819$3,071
24 years$21,173$16,334$12,453$9,396$7,028$2,624
25 years$20,110$15,329$11,534$8,581$6,324$2,244
26 years$19,130$14,407$10,697$7,846$5,697$1,920
27 years$18,224$13,558$9,933$7,182$5,136$1,644
28 years$17,384$12,776$9,234$6,580$4,634$1,408
29 years$16,604$12,053$8,593$6,034$4,185$1,206
30 years$15,877$11,382$8,004$5,538$3,781$1,033
31 years$15,199$10,760$7,462$5,086$3,419$886
32 years$14,564$10,181$6,962$4,674$3,092$759
33 years$13,969$9,642$6,501$4,298$2,799$651
34 years$13,410$9,138$6,074$3,955$2,534$558
35 years$12,884$8,667$5,678$3,640$2,295$479
36 years$12,388$8,227$5,312$3,353$2,079$411
37 years$11,921$7,813$4,972$3,089$1,885$352
38 years$11,479$7,426$4,656$2,847$1,709$302
39 years$11,060$7,061$4,362$2,625$1,549$259
40 years$10,664$6,718$4,089$2,422$1,405$223
41 years$10,288$6,395$3,834$2,234$1,275$191
42 years$9,931$6,090$3,596$2,062$1,157$164
43 years$9,591$5,803$3,375$1,903$1,050$141
44 years$9,268$5,531$3,168$1,757$953$121
45 years$8,959$5,275$2,974$1,623$865$104
46 years$8,666$5,032$2,794$1,499$786$89
47 years$8,385$4,802$2,625$1,385$713$76
48 years$8,117$4,584$2,466$1,280$648$65
49 years$7,861$4,377$2,318$1,183$588$56
50 years$7,616$4,182$2,179$1,093$534$48

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 $5,603 every year, while hoping to spend $39,036 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: 57/30/13 Blend
64$7,800,000$7,800,000$7,800,000$7,800,000
65$8,601,379$8,187,979$8,067,079$9,063,034
66$9,437,186$8,547,656$8,295,793$9,735,609
67$10,356,937$8,923,649$8,530,859$10,463,350
68$11,369,153$9,316,716$8,772,451$11,255,424
69$12,483,222$9,727,651$9,020,745$12,118,004
70$13,709,491$10,157,287$9,275,920$13,057,874
71$15,059,358$10,606,493$9,538,162$14,082,492
72$16,545,384$11,076,182$9,807,662$15,200,063
73$18,181,409$11,567,311$10,084,614$16,419,605
74$19,982,682$12,080,879$10,369,218$17,751,040
75$21,966,009$12,617,935$10,661,680$19,205,282
76$24,149,905$13,179,577$10,962,210$20,794,334
77$26,554,775$13,766,956$11,271,024$22,531,406
78$29,203,102$14,381,276$11,588,342$24,431,027
79$32,119,659$15,023,800$11,914,393$26,509,189
80$35,331,747$15,695,849$12,249,408$28,783,486
81$38,869,449$16,398,809$12,593,626$31,273,283
82$42,765,913$17,134,130$12,947,293$33,999,891
83$47,057,667$17,903,334$13,310,658$36,986,768
84$51,784,963$18,708,012$13,683,980$40,259,732
85$56,992,158$19,549,832$14,067,521$43,847,208
86$62,728,127$20,430,544$14,461,553$47,780,482
87$69,046,733$21,351,977$14,866,352$52,094,000
88$76,007,327$22,316,051$15,282,202$56,825,687
89$83,675,314$23,324,777$15,709,394$62,017,298
90$92,122,765$24,380,260$16,148,228$67,714,806
91$101,429,102$25,484,708$16,599,009$73,968,835
92$111,681,844$26,640,432$17,062,050$80,835,130
93$122,977,436$27,849,857$17,537,672$88,375,078
94$135,422,156$29,115,522$18,026,205$96,656,279
95$149,133,119$30,440,086$18,527,987$105,753,181
96$164,239,384$31,826,337$19,043,361$115,747,776
97$180,883,171$33,277,197$19,572,684$126,730,363
98$199,221,203$34,795,728$20,116,317$138,800,400
99$219,426,184$36,385,137$20,674,632$152,067,429
100$241,688,433$38,048,787$21,248,010$166,652,105