Can I retire at age 65 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$652,375$646,564$640,894$635,360$629,957$619,012
2 years$322,958$316,943$311,114$305,462$299,980$288,988
3 years$213,166$207,126$201,311$195,712$190,319$179,623
4 years$158,282$152,259$146,503$141,000$135,737$125,420
5 years$125,359$119,373$113,692$108,301$103,185$93,276
6 years$103,418$97,477$91,880$86,609$81,647$72,157
7 years$87,752$81,861$76,353$71,206$66,401$57,332
8 years$76,008$70,170$64,753$59,733$55,086$46,437
9 years$66,878$61,096$55,772$50,879$46,390$38,157
10 years$59,579$53,853$48,623$43,859$39,527$31,701
11 years$53,611$47,942$42,807$38,170$33,994$26,568
12 years$48,641$43,030$37,990$33,480$29,459$22,422
13 years$44,439$38,887$33,942$29,558$25,689$19,030
14 years$40,840$35,347$30,497$26,238$22,519$16,227
15 years$37,724$32,290$27,535$23,400$19,827$13,890
16 years$35,000$29,626$24,964$20,952$17,523$11,929
17 years$32,599$27,284$22,716$18,825$15,537$10,272
18 years$30,467$25,212$20,737$16,965$13,815$8,866
19 years$28,562$23,366$18,984$15,330$12,314$7,667
20 years$26,850$21,713$17,422$13,884$10,999$6,642
21 years$25,302$20,225$16,025$12,601$9,843$5,762
22 years$23,897$18,879$14,770$11,457$8,823$5,005
23 years$22,617$17,657$13,637$10,434$7,920$4,352
24 years$21,444$16,544$12,612$9,516$7,118$3,787
25 years$20,367$15,525$11,681$8,691$6,405$3,299
26 years$19,375$14,591$10,834$7,947$5,770$2,875
27 years$18,458$13,732$10,060$7,274$5,202$2,507
28 years$17,607$12,940$9,352$6,664$4,694$2,188
29 years$16,817$12,207$8,703$6,111$4,238$1,910
30 years$16,081$11,528$8,107$5,609$3,830$1,668
31 years$15,394$10,898$7,558$5,151$3,462$1,457
32 years$14,751$10,312$7,051$4,734$3,132$1,273
33 years$14,148$9,765$6,584$4,353$2,834$1,113
34 years$13,582$9,255$6,152$4,005$2,566$973
35 years$13,049$8,779$5,751$3,687$2,324$851
36 years$12,547$8,332$5,380$3,396$2,106$744
37 years$12,073$7,914$5,036$3,129$1,909$651
38 years$11,626$7,521$4,716$2,884$1,730$569
39 years$11,202$7,152$4,418$2,659$1,569$498
40 years$10,801$6,804$4,141$2,453$1,423$436
41 years$10,420$6,477$3,883$2,263$1,291$382
42 years$10,058$6,168$3,642$2,088$1,172$334
43 years$9,714$5,877$3,418$1,928$1,063$292
44 years$9,386$5,602$3,208$1,780$965$256
45 years$9,074$5,342$3,013$1,644$876$224
46 years$8,777$5,096$2,829$1,518$796$196
47 years$8,493$4,863$2,658$1,403$722$172
48 years$8,221$4,643$2,498$1,296$656$150
49 years$7,962$4,434$2,348$1,198$596$132
50 years$7,713$4,235$2,207$1,107$541$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,900,000, adding $6,986 every year, while hoping to spend $20,001 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: 49/45/6 Blend
64$7,900,000$7,900,000$7,900,000$7,900,000
65$8,713,006$8,294,306$8,171,856$9,126,379
66$9,580,452$8,679,446$8,424,332$9,794,353
67$10,535,707$9,082,788$8,684,596$10,516,758
68$11,587,706$9,505,202$8,952,887$11,300,905
69$12,746,296$9,947,601$9,229,453$12,152,557
70$14,022,326$10,410,941$9,514,548$13,078,042
71$15,427,753$10,896,227$9,808,435$14,084,303
72$16,975,751$11,404,509$10,111,384$15,178,969
73$18,680,836$11,936,889$10,423,675$16,370,416
74$20,559,008$12,494,523$10,745,594$17,667,846
75$22,627,894$13,078,621$11,077,439$19,081,368
76$24,906,920$13,690,455$11,419,514$20,622,091
77$27,417,493$14,331,354$11,772,135$22,302,220
78$30,183,201$15,002,714$12,135,625$24,135,173
79$33,230,039$15,705,999$12,510,320$26,135,696
80$36,586,651$16,442,741$12,896,564$28,320,004
81$40,284,603$17,214,548$13,294,712$30,705,922
82$44,358,679$18,023,107$13,705,131$33,313,050
83$48,847,209$18,870,184$14,128,198$36,162,945
84$53,792,433$19,757,633$14,564,301$39,279,314
85$59,240,899$20,687,394$15,013,843$42,688,234
86$65,243,900$21,661,506$15,477,236$46,418,388
87$71,857,960$22,682,102$15,954,906$50,501,334
88$79,145,369$23,751,422$16,447,292$54,971,789
89$87,174,768$24,871,813$16,954,848$59,867,956
90$96,021,797$26,045,734$17,478,038$65,231,869
91$105,769,812$27,275,767$18,017,343$71,109,785
92$116,510,668$28,564,615$18,573,260$77,552,614
93$128,345,591$29,915,116$19,146,299$84,616,385
94$141,386,127$31,330,243$19,736,986$92,362,768
95$155,755,201$32,813,113$20,345,864$100,859,644
96$171,588,272$34,366,996$20,973,491$110,181,737
97$189,034,617$35,995,320$21,620,444$120,411,308
98$208,258,735$37,701,678$22,287,316$131,638,916
99$229,441,905$39,489,839$22,974,720$143,964,266
100$252,783,893$41,363,755$23,683,287$157,497,131