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%14.2%
1 years$586,311$581,089$575,993$571,020$566,164$556,327
2 years$290,253$284,847$279,608$274,529$269,602$259,723
3 years$191,580$186,151$180,925$175,893$171,047$161,434
4 years$142,253$136,841$131,667$126,721$121,992$112,719
5 years$112,665$107,285$102,179$97,334$92,736$83,830
6 years$92,945$87,606$82,576$77,839$73,379$64,850
7 years$78,866$73,571$68,621$63,996$59,677$51,527
8 years$68,311$63,064$58,196$53,684$49,508$41,735
9 years$60,106$54,909$50,124$45,727$41,693$34,293
10 years$53,546$48,399$43,699$39,417$35,524$28,491
11 years$48,182$43,087$38,472$34,305$30,552$23,877
12 years$43,715$38,673$34,143$30,090$26,476$20,151
13 years$39,939$34,949$30,505$26,565$23,087$17,103
14 years$36,704$31,768$27,409$23,581$20,238$14,584
15 years$33,904$29,020$24,746$21,030$17,819$12,484
16 years$31,456$26,625$22,436$18,830$15,749$10,721
17 years$29,298$24,521$20,416$16,919$13,964$9,232
18 years$27,382$22,659$18,637$15,247$12,416$7,968
19 years$25,670$21,000$17,061$13,777$11,067$6,891
20 years$24,131$19,514$15,658$12,478$9,885$5,969
21 years$22,740$18,177$14,402$11,325$8,846$5,179
22 years$21,477$16,967$13,274$10,297$7,929$4,498
23 years$20,326$15,869$12,256$9,377$7,118$3,911
24 years$19,273$14,868$11,335$8,553$6,398$3,404
25 years$18,305$13,953$10,498$7,811$5,757$2,965
26 years$17,413$13,114$9,737$7,142$5,186$2,584
27 years$16,589$12,341$9,041$6,537$4,675$2,253
28 years$15,824$11,629$8,405$5,989$4,218$1,966
29 years$15,114$10,971$7,822$5,492$3,809$1,716
30 years$14,453$10,361$7,286$5,041$3,442$1,499
31 years$13,835$9,794$6,792$4,629$3,112$1,310
32 years$13,257$9,268$6,337$4,255$2,815$1,144
33 years$12,715$8,777$5,917$3,912$2,547$1,000
34 years$12,206$8,318$5,529$3,600$2,306$874
35 years$11,728$7,890$5,169$3,314$2,089$765
36 years$11,276$7,488$4,835$3,052$1,893$669
37 years$10,851$7,112$4,526$2,812$1,715$585
38 years$10,448$6,759$4,238$2,592$1,555$512
39 years$10,068$6,427$3,971$2,390$1,410$448
40 years$9,707$6,115$3,722$2,204$1,279$392
41 years$9,364$5,821$3,490$2,034$1,161$343
42 years$9,039$5,544$3,274$1,877$1,053$300
43 years$8,730$5,282$3,072$1,733$956$263
44 years$8,436$5,035$2,883$1,600$867$230
45 years$8,155$4,801$2,707$1,477$788$201
46 years$7,888$4,580$2,543$1,365$715$176
47 years$7,633$4,371$2,389$1,261$649$154
48 years$7,389$4,173$2,245$1,165$590$135
49 years$7,155$3,985$2,110$1,077$536$118
50 years$6,932$3,806$1,984$995$486$103

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 $4,947 every year, while hoping to spend $27,427 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: 71/22/7 Blend
65$7,100,000$7,100,000$7,100,000$7,100,000
66$7,829,303$7,453,003$7,342,953$8,376,597
67$8,598,710$7,789,018$7,559,760$9,074,759
68$9,445,677$8,140,578$7,782,910$9,834,799
69$10,378,086$8,508,417$8,012,588$10,665,921
70$11,404,623$8,893,302$8,248,982$11,575,114
71$12,534,858$9,296,037$8,492,287$12,570,064
72$13,779,337$9,717,466$8,742,701$13,659,231
73$15,149,679$10,158,471$9,000,431$14,851,927
74$16,658,688$10,619,979$9,265,688$16,158,397
75$18,320,474$11,102,958$9,538,688$17,589,922
76$20,150,585$11,608,425$9,819,656$19,158,916
77$22,166,151$12,137,444$10,108,822$20,879,046
78$24,386,052$12,691,132$10,406,421$22,765,358
79$26,831,089$13,270,658$10,712,696$24,834,415
80$29,524,187$13,877,247$11,027,898$27,104,455
81$32,490,605$14,512,183$11,352,283$29,595,555
82$35,758,179$15,176,812$11,686,117$32,329,826
83$39,357,581$15,872,544$12,029,670$35,331,611
84$43,322,613$16,600,856$12,383,222$38,627,718
85$47,690,520$17,363,299$12,747,061$42,247,668
86$52,502,347$18,161,495$13,121,482$46,223,970
87$57,803,324$18,997,146$13,506,789$50,592,429
88$63,643,291$19,872,034$13,903,294$55,392,474
89$70,077,172$20,788,029$14,311,319$60,667,533
90$77,165,489$21,747,088$14,731,195$66,465,438
91$84,974,940$22,751,266$15,163,260$72,838,871
92$93,579,019$23,802,713$15,607,865$79,845,858
93$103,058,718$24,903,685$16,065,367$87,550,315
94$113,503,288$26,056,546$16,536,137$96,022,646
95$125,011,080$27,263,774$17,020,555$105,340,404
96$137,690,476$28,527,965$17,519,009$115,589,015
97$151,660,911$29,851,842$18,031,903$126,862,586
98$167,054,000$31,238,258$18,559,647$139,264,782
99$184,014,779$32,690,204$19,102,667$152,909,806
100$202,703,078$34,210,815$19,661,398$167,923,465