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%18.1%
1 years$586,311$581,089$575,993$571,020$566,164$547,602
2 years$290,253$284,847$279,608$274,529$269,602$251,079
3 years$191,580$186,151$180,925$175,893$171,047$153,143
4 years$142,253$136,841$131,667$126,721$121,992$104,845
5 years$112,665$107,285$102,179$97,334$92,736$76,392
6 years$92,945$87,606$82,576$77,839$73,379$57,851
7 years$78,866$73,571$68,621$63,996$59,677$44,962
8 years$68,311$63,064$58,196$53,684$49,508$35,597
9 years$60,106$54,909$50,124$45,727$41,693$28,569
10 years$53,546$48,399$43,699$39,417$35,524$23,167
11 years$48,182$43,087$38,472$34,305$30,552$18,938
12 years$43,715$38,673$34,143$30,090$26,476$15,579
13 years$39,939$34,949$30,505$26,565$23,087$12,881
14 years$36,704$31,768$27,409$23,581$20,238$10,694
15 years$33,904$29,020$24,746$21,030$17,819$8,908
16 years$31,456$26,625$22,436$18,830$15,749$7,440
17 years$29,298$24,521$20,416$16,919$13,964$6,228
18 years$27,382$22,659$18,637$15,247$12,416$5,223
19 years$25,670$21,000$17,061$13,777$11,067$4,387
20 years$24,131$19,514$15,658$12,478$9,885$3,690
21 years$22,740$18,177$14,402$11,325$8,846$3,107
22 years$21,477$16,967$13,274$10,297$7,929$2,618
23 years$20,326$15,869$12,256$9,377$7,118$2,208
24 years$19,273$14,868$11,335$8,553$6,398$1,863
25 years$18,305$13,953$10,498$7,811$5,757$1,573
26 years$17,413$13,114$9,737$7,142$5,186$1,329
27 years$16,589$12,341$9,041$6,537$4,675$1,123
28 years$15,824$11,629$8,405$5,989$4,218$949
29 years$15,114$10,971$7,822$5,492$3,809$802
30 years$14,453$10,361$7,286$5,041$3,442$679
31 years$13,835$9,794$6,792$4,629$3,112$574
32 years$13,257$9,268$6,337$4,255$2,815$486
33 years$12,715$8,777$5,917$3,912$2,547$411
34 years$12,206$8,318$5,529$3,600$2,306$348
35 years$11,728$7,890$5,169$3,314$2,089$294
36 years$11,276$7,488$4,835$3,052$1,893$249
37 years$10,851$7,112$4,526$2,812$1,715$211
38 years$10,448$6,759$4,238$2,592$1,555$178
39 years$10,068$6,427$3,971$2,390$1,410$151
40 years$9,707$6,115$3,722$2,204$1,279$128
41 years$9,364$5,821$3,490$2,034$1,161$108
42 years$9,039$5,544$3,274$1,877$1,053$92
43 years$8,730$5,282$3,072$1,733$956$78
44 years$8,436$5,035$2,883$1,600$867$66
45 years$8,155$4,801$2,707$1,477$788$56
46 years$7,888$4,580$2,543$1,365$715$47
47 years$7,633$4,371$2,389$1,261$649$40
48 years$7,389$4,173$2,245$1,165$590$34
49 years$7,155$3,985$2,110$1,077$536$29
50 years$6,932$3,806$1,984$995$486$24

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 $3,147 every year, while hoping to spend $27,723 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: 38/38/24 Blend
65$7,100,000$7,100,000$7,100,000$7,100,000
66$7,827,446$7,451,146$7,341,096$8,068,670
67$8,596,349$7,786,755$7,557,526$8,580,262
68$9,442,750$8,137,880$7,780,277$9,129,978
69$10,374,526$8,505,252$8,009,531$9,723,537
70$11,400,354$8,889,636$8,245,477$10,364,925
71$12,529,797$9,291,835$8,488,308$11,058,513
72$13,773,392$9,712,690$8,738,221$11,809,100
73$15,142,748$10,153,082$8,995,422$12,621,947
74$16,650,659$10,613,933$9,260,119$13,502,834
75$18,311,223$11,096,213$9,532,530$14,458,102
76$20,139,973$11,600,933$9,812,875$15,494,715
77$22,154,027$12,129,156$10,101,384$16,620,323
78$24,372,249$12,681,995$10,398,290$17,843,326
79$26,815,421$13,260,616$10,703,837$19,172,952
80$29,506,450$13,866,241$11,018,270$20,619,342
81$32,470,572$14,500,152$11,341,847$22,193,638
82$35,735,601$15,163,690$11,674,829$23,908,088
83$39,332,183$15,858,261$12,017,487$25,776,152
84$43,294,090$16,585,341$12,370,097$27,812,630
85$47,658,538$17,346,473$12,732,946$30,033,793
86$52,466,535$18,143,277$13,106,327$32,457,531
87$57,763,274$18,977,449$13,490,540$35,103,521
88$63,598,552$19,850,768$13,885,897$37,993,402
89$70,027,246$20,765,097$14,292,717$41,150,976
90$77,109,828$21,722,391$14,711,326$44,602,426
91$84,912,938$22,724,695$15,142,063$48,376,559
92$93,510,009$23,774,157$15,585,273$52,505,067
93$102,981,964$24,873,024$16,041,314$57,022,822
94$113,417,977$26,023,655$16,510,551$61,968,197
95$124,916,317$27,228,520$16,993,360$67,383,421
96$137,585,273$28,490,210$17,490,130$73,314,972
97$151,544,179$29,811,438$18,001,257$79,814,001
98$166,924,537$31,195,050$18,527,151$86,936,812
99$183,871,262$32,644,030$19,068,233$94,745,383
100$202,544,046$34,161,502$19,624,933$103,307,941