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%11.6%
1 years$602,827$597,458$592,219$587,105$582,112$578,201
2 years$298,429$292,871$287,485$282,262$277,196$273,252
3 years$196,977$191,395$186,022$180,848$175,865$172,009
4 years$146,260$140,695$135,376$130,291$125,428$121,691
5 years$115,838$110,307$105,057$100,076$95,349$91,741
6 years$95,564$90,074$84,902$80,031$75,446$71,973
7 years$81,087$75,644$70,554$65,798$61,358$58,020
8 years$70,235$64,841$59,835$55,197$50,902$47,700
9 years$61,799$56,456$51,536$47,015$42,867$39,800
10 years$55,054$49,763$44,930$40,528$36,525$33,591
11 years$49,539$44,301$39,556$35,271$31,413$28,610
12 years$44,947$39,762$35,105$30,938$27,221$24,548
13 years$41,064$35,933$31,364$27,313$23,738$21,190
14 years$37,738$32,662$28,181$24,246$20,808$18,384
15 years$34,859$29,838$25,443$21,623$18,321$16,017
16 years$32,342$27,376$23,068$19,361$16,192$14,004
17 years$30,123$25,212$20,991$17,396$14,357$12,282
18 years$28,153$23,297$19,162$15,677$12,766$10,800
19 years$26,393$21,591$17,542$14,165$11,378$9,518
20 years$24,810$20,064$16,099$12,830$10,163$8,405
21 years$23,381$18,689$14,808$11,644$9,095$7,434
22 years$22,082$17,445$13,648$10,587$8,153$6,586
23 years$20,899$16,316$12,602$9,642$7,318$5,842
24 years$19,816$15,287$11,654$8,794$6,578$5,187
25 years$18,821$14,346$10,794$8,031$5,919$4,611
26 years$17,904$13,483$10,011$7,343$5,332$4,103
27 years$17,056$12,689$9,296$6,721$4,807$3,653
28 years$16,270$11,957$8,642$6,158$4,337$3,255
29 years$15,540$11,280$8,042$5,647$3,916$2,902
30 years$14,860$10,653$7,491$5,183$3,539$2,589
31 years$14,225$10,070$6,984$4,760$3,199$2,310
32 years$13,630$9,529$6,516$4,374$2,894$2,063
33 years$13,073$9,024$6,084$4,023$2,619$1,842
34 years$12,550$8,552$5,684$3,701$2,371$1,646
35 years$12,058$8,112$5,314$3,407$2,148$1,471
36 years$11,594$7,699$4,972$3,138$1,946$1,315
37 years$11,156$7,313$4,653$2,891$1,764$1,176
38 years$10,743$6,950$4,358$2,665$1,599$1,052
39 years$10,351$6,608$4,083$2,457$1,450$941
40 years$9,980$6,287$3,827$2,266$1,315$842
41 years$9,628$5,985$3,588$2,091$1,193$754
42 years$9,294$5,700$3,366$1,930$1,083$675
43 years$8,976$5,431$3,158$1,781$983$604
44 years$8,673$5,177$2,965$1,645$892$541
45 years$8,385$4,936$2,784$1,519$810$484
46 years$8,110$4,709$2,615$1,403$735$433
47 years$7,848$4,494$2,456$1,296$668$388
48 years$7,597$4,290$2,308$1,198$606$347
49 years$7,357$4,097$2,170$1,107$551$311
50 years$7,127$3,913$2,040$1,023$500$279

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 $2,406 every year, while hoping to spend $26,832 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: 46/39/15 Blend
65$7,300,000$7,300,000$7,300,000$7,300,000
66$8,047,082$7,660,182$7,547,032$8,382,886
67$8,839,335$8,006,982$7,771,308$8,963,348
68$9,711,499$8,369,875$8,002,199$9,589,786
69$10,671,696$8,749,623$8,239,897$10,268,803
70$11,728,876$9,147,022$8,484,600$11,005,292
71$12,892,902$9,562,906$8,736,515$11,804,625
72$14,174,640$9,998,151$8,995,850$12,672,702
73$15,586,065$10,453,672$9,262,823$13,616,003
74$17,140,372$10,930,431$9,537,656$14,641,642
75$18,852,102$11,429,434$9,820,579$15,757,438
76$20,737,275$11,951,735$10,111,827$16,971,981
77$22,813,547$12,498,440$10,411,644$18,294,711
78$25,100,373$13,070,707$10,720,278$19,736,002
79$27,619,190$13,669,751$11,037,986$21,307,258
80$30,393,621$14,296,842$11,365,032$23,021,016
81$33,449,699$14,953,316$11,701,689$24,891,058
82$36,816,108$15,640,568$12,048,236$26,932,542
83$40,524,459$16,360,064$12,404,959$29,162,135
84$44,609,584$17,113,338$12,772,156$31,598,169
85$49,109,869$17,901,999$13,150,131$34,260,806
86$54,067,611$18,727,733$13,539,196$37,172,227
87$59,529,422$19,592,306$13,939,673$40,356,833
88$65,546,666$20,497,571$14,351,895$43,841,470
89$72,175,943$21,445,470$14,776,201$47,655,679
90$79,479,627$22,438,036$15,212,942$51,831,964
91$87,526,452$23,477,402$15,662,478$56,406,095
92$96,392,160$24,565,805$16,125,181$61,417,441
93$106,160,218$25,705,587$16,601,432$66,909,331
94$116,922,603$26,899,204$17,091,623$72,929,455
95$128,780,674$28,149,230$17,596,158$79,530,309
96$141,846,125$29,458,364$18,115,451$86,769,683
97$156,242,042$30,829,436$18,649,930$94,711,195
98$172,104,061$32,265,410$19,200,034$103,424,883
99$189,581,655$33,769,394$19,766,215$112,987,860
100$208,839,537$35,344,648$20,348,936$123,485,026