Can I retire at age 66 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$586,311$581,089$575,993$571,020$566,164$562,596
2 years$290,253$284,847$279,608$274,529$269,602$266,003
3 years$191,580$186,151$180,925$175,893$171,047$167,528
4 years$142,253$136,841$131,667$126,721$121,992$118,581
5 years$112,665$107,285$102,179$97,334$92,736$89,442
6 years$92,945$87,606$82,576$77,839$73,379$70,207
7 years$78,866$73,571$68,621$63,996$59,677$56,628
8 years$68,311$63,064$58,196$53,684$49,508$46,582
9 years$60,106$54,909$50,124$45,727$41,693$38,890
10 years$53,546$48,399$43,699$39,417$35,524$32,843
11 years$48,182$43,087$38,472$34,305$30,552$27,990
12 years$43,715$38,673$34,143$30,090$26,476$24,031
13 years$39,939$34,949$30,505$26,565$23,087$20,757
14 years$36,704$31,768$27,409$23,581$20,238$18,020
15 years$33,904$29,020$24,746$21,030$17,819$15,710
16 years$31,456$26,625$22,436$18,830$15,749$13,746
17 years$29,298$24,521$20,416$16,919$13,964$12,064
18 years$27,382$22,659$18,637$15,247$12,416$10,615
19 years$25,670$21,000$17,061$13,777$11,067$9,362
20 years$24,131$19,514$15,658$12,478$9,885$8,273
21 years$22,740$18,177$14,402$11,325$8,846$7,323
22 years$21,477$16,967$13,274$10,297$7,929$6,492
23 years$20,326$15,869$12,256$9,377$7,118$5,763
24 years$19,273$14,868$11,335$8,553$6,398$5,121
25 years$18,305$13,953$10,498$7,811$5,757$4,556
26 years$17,413$13,114$9,737$7,142$5,186$4,057
27 years$16,589$12,341$9,041$6,537$4,675$3,615
28 years$15,824$11,629$8,405$5,989$4,218$3,223
29 years$15,114$10,971$7,822$5,492$3,809$2,876
30 years$14,453$10,361$7,286$5,041$3,442$2,568
31 years$13,835$9,794$6,792$4,629$3,112$2,294
32 years$13,257$9,268$6,337$4,255$2,815$2,049
33 years$12,715$8,777$5,917$3,912$2,547$1,832
34 years$12,206$8,318$5,529$3,600$2,306$1,638
35 years$11,728$7,890$5,169$3,314$2,089$1,466
36 years$11,276$7,488$4,835$3,052$1,893$1,311
37 years$10,851$7,112$4,526$2,812$1,715$1,174
38 years$10,448$6,759$4,238$2,592$1,555$1,051
39 years$10,068$6,427$3,971$2,390$1,410$941
40 years$9,707$6,115$3,722$2,204$1,279$842
41 years$9,364$5,821$3,490$2,034$1,161$755
42 years$9,039$5,544$3,274$1,877$1,053$676
43 years$8,730$5,282$3,072$1,733$956$606
44 years$8,436$5,035$2,883$1,600$867$543
45 years$8,155$4,801$2,707$1,477$788$486
46 years$7,888$4,580$2,543$1,365$715$436
47 years$7,633$4,371$2,389$1,261$649$390
48 years$7,389$4,173$2,245$1,165$590$350
49 years$7,155$3,985$2,110$1,077$536$314
50 years$6,932$3,806$1,984$995$486$281

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $7,100,000, adding $3,592 every year, while hoping to spend $47,647 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: 39/50/11 Blend
65$7,100,000$7,100,000$7,100,000$7,100,000
66$7,827,905$7,451,605$7,341,555$8,107,017
67$8,575,655$7,766,038$7,536,801$8,619,199
68$9,398,079$8,094,281$7,736,991$9,167,691
69$10,302,743$8,436,960$7,942,240$9,759,678
70$11,297,984$8,794,732$8,152,666$10,399,102
71$12,392,986$9,168,282$8,368,388$11,090,282
72$13,597,871$9,558,328$8,589,529$11,837,960
73$14,923,789$9,965,621$8,816,214$12,647,336
74$16,383,028$10,390,949$9,048,569$13,524,118
75$17,989,124$10,835,133$9,286,724$14,474,570
76$19,756,996$11,299,036$9,530,810$15,505,571
77$21,703,079$11,783,558$9,780,962$16,624,673
78$23,845,486$12,289,645$10,037,317$17,840,171
79$26,204,172$12,818,284$10,300,014$19,161,175
80$28,801,127$13,370,509$10,569,193$20,597,696
81$31,660,581$13,947,404$10,845,001$22,160,731
82$34,809,234$14,550,101$11,127,582$23,862,366
83$38,276,508$15,179,787$11,417,088$25,715,887
84$42,094,820$15,837,705$11,713,668$27,735,894
85$46,299,894$16,525,155$12,017,479$29,938,441
86$50,931,095$17,243,499$12,328,677$32,341,178
87$56,031,800$17,994,164$12,647,420$34,963,515
88$61,649,808$18,778,642$12,973,873$37,826,795
89$67,837,789$19,598,496$13,308,198$40,954,496
90$74,653,785$20,455,364$13,650,565$44,372,438
91$82,161,753$21,350,959$14,001,141$48,109,029
92$90,432,173$22,287,077$14,360,100$52,195,521
93$99,542,708$23,265,598$14,727,617$56,666,297
94$109,578,941$24,288,489$15,103,869$61,559,193
95$120,635,181$25,357,812$15,489,036$66,915,842
96$132,815,351$26,475,726$15,883,300$72,782,063
97$146,233,973$27,644,493$16,286,847$79,208,280
98$161,017,245$28,866,480$16,699,863$86,249,996
99$177,304,234$30,144,168$17,122,539$93,968,302
100$195,248,189$31,480,155$17,555,067$102,430,444