Can I retire at age 66 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$602,827$597,458$592,219$587,105$582,112$577,476
2 years$298,429$292,871$287,485$282,262$277,196$272,523
3 years$196,977$191,395$186,022$180,848$175,865$171,299
4 years$146,260$140,695$135,376$130,291$125,428$121,005
5 years$115,838$110,307$105,057$100,076$95,349$91,081
6 years$95,564$90,074$84,902$80,031$75,446$71,340
7 years$81,087$75,644$70,554$65,798$61,358$57,415
8 years$70,235$64,841$59,835$55,197$50,902$47,122
9 years$61,799$56,456$51,536$47,015$42,867$39,249
10 years$55,054$49,763$44,930$40,528$36,525$33,066
11 years$49,539$44,301$39,556$35,271$31,413$28,112
12 years$44,947$39,762$35,105$30,938$27,221$24,075
13 years$41,064$35,933$31,364$27,313$23,738$20,742
14 years$37,738$32,662$28,181$24,246$20,808$17,959
15 years$34,859$29,838$25,443$21,623$18,321$15,616
16 years$32,342$27,376$23,068$19,361$16,192$13,626
17 years$30,123$25,212$20,991$17,396$14,357$11,925
18 years$28,153$23,297$19,162$15,677$12,766$10,464
19 years$26,393$21,591$17,542$14,165$11,378$9,202
20 years$24,810$20,064$16,099$12,830$10,163$8,108
21 years$23,381$18,689$14,808$11,644$9,095$7,156
22 years$22,082$17,445$13,648$10,587$8,153$6,325
23 years$20,899$16,316$12,602$9,642$7,318$5,598
24 years$19,816$15,287$11,654$8,794$6,578$4,959
25 years$18,821$14,346$10,794$8,031$5,919$4,398
26 years$17,904$13,483$10,011$7,343$5,332$3,904
27 years$17,056$12,689$9,296$6,721$4,807$3,468
28 years$16,270$11,957$8,642$6,158$4,337$3,082
29 years$15,540$11,280$8,042$5,647$3,916$2,742
30 years$14,860$10,653$7,491$5,183$3,539$2,440
31 years$14,225$10,070$6,984$4,760$3,199$2,172
32 years$13,630$9,529$6,516$4,374$2,894$1,935
33 years$13,073$9,024$6,084$4,023$2,619$1,724
34 years$12,550$8,552$5,684$3,701$2,371$1,536
35 years$12,058$8,112$5,314$3,407$2,148$1,370
36 years$11,594$7,699$4,972$3,138$1,946$1,221
37 years$11,156$7,313$4,653$2,891$1,764$1,089
38 years$10,743$6,950$4,358$2,665$1,599$972
39 years$10,351$6,608$4,083$2,457$1,450$867
40 years$9,980$6,287$3,827$2,266$1,315$774
41 years$9,628$5,985$3,588$2,091$1,193$691
42 years$9,294$5,700$3,366$1,930$1,083$617
43 years$8,976$5,431$3,158$1,781$983$551
44 years$8,673$5,177$2,965$1,645$892$492
45 years$8,385$4,936$2,784$1,519$810$439
46 years$8,110$4,709$2,615$1,403$735$392
47 years$7,848$4,494$2,456$1,296$668$350
48 years$7,597$4,290$2,308$1,198$606$313
49 years$7,357$4,097$2,170$1,107$551$279
50 years$7,127$3,913$2,040$1,023$500$250

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $7,300,000, adding $5,306 every year, while hoping to spend $48,689 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: 44/34/22 Blend
65$7,300,000$7,300,000$7,300,000$7,300,000
66$8,050,073$7,663,173$7,550,023$8,352,738
67$8,819,376$7,986,864$7,751,144$8,890,881
68$9,665,516$8,324,784$7,957,371$9,468,682
69$10,596,278$8,677,578$8,168,823$10,094,012
70$11,620,243$9,045,923$8,385,623$10,771,299
71$12,746,860$9,430,527$8,607,894$11,505,408
72$13,986,546$9,832,128$8,835,764$12,301,679
73$15,350,773$10,251,502$9,069,362$13,165,985
74$16,852,187$10,689,460$9,308,820$14,104,773
75$18,504,717$11,146,851$9,554,272$15,125,133
76$20,323,713$11,624,562$9,805,856$16,234,855
77$22,326,090$12,123,524$10,063,710$17,442,504
78$24,530,484$12,644,709$10,327,978$18,757,497
79$26,957,431$13,189,138$10,598,802$20,190,186
80$29,629,559$13,757,876$10,876,332$21,751,959
81$32,571,802$14,352,039$11,160,717$23,455,337
82$35,811,635$14,972,798$11,452,110$25,314,095
83$39,379,332$15,621,375$11,750,666$27,343,383
84$43,308,254$16,299,053$12,056,544$29,559,871
85$47,635,161$17,007,172$12,369,903$31,981,898
86$52,400,561$17,747,136$12,690,908$34,629,645
87$57,649,090$18,520,418$13,019,725$37,525,316
88$63,429,934$19,328,556$13,356,523$40,693,349
89$69,797,295$20,173,162$13,701,474$44,160,639
90$76,810,898$21,055,926$14,054,753$47,956,789
91$84,536,558$21,978,615$14,416,535$52,114,382
92$93,046,801$22,943,081$14,787,003$56,669,284
93$102,421,545$23,951,262$15,166,338$61,660,982
94$112,748,858$25,005,189$15,554,725$67,132,942
95$124,125,786$26,106,989$15,952,354$73,133,024
96$136,659,273$27,258,888$16,359,414$79,713,918
97$150,467,164$28,463,218$16,776,100$86,933,643
98$165,679,322$29,722,423$17,202,606$94,856,083
99$182,438,852$31,039,061$17,639,133$103,551,583
100$200,903,452$32,415,812$18,085,881$113,097,611