Can I retire at age 66 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$611,085$605,642$600,331$595,148$590,086$575,588
2 years$302,517$296,883$291,423$286,129$280,994$266,476
3 years$199,675$194,016$188,570$183,325$178,274$164,191
4 years$148,264$142,623$137,231$132,076$127,146$113,607
5 years$117,425$111,818$106,497$101,447$96,655$83,696
6 years$96,873$91,308$86,065$81,128$76,480$64,115
7 years$82,198$76,680$71,520$66,700$62,198$50,429
8 years$71,197$65,729$60,655$55,953$51,600$40,420
9 years$62,646$57,229$52,242$47,659$43,454$32,856
10 years$55,808$50,444$45,546$41,083$37,025$26,996
11 years$50,218$44,908$40,098$35,754$31,843$22,368
12 years$45,562$40,307$35,586$31,361$27,594$18,658
13 years$41,626$36,426$31,794$27,687$24,063$15,647
14 years$38,255$33,110$28,567$24,578$21,093$13,180
15 years$35,336$30,246$25,792$21,919$18,572$11,142
16 years$32,785$27,751$23,384$19,626$16,414$9,447
17 years$30,536$25,557$21,279$17,634$14,554$8,031
18 years$28,539$23,616$19,425$15,892$12,941$6,841
19 years$26,754$21,887$17,782$14,360$11,534$5,837
20 years$25,150$20,339$16,320$13,005$10,303$4,989
21 years$23,701$18,945$15,011$11,803$9,220$4,269
22 years$22,385$17,684$13,835$10,732$8,264$3,656
23 years$21,185$16,540$12,774$9,774$7,418$3,135
24 years$20,087$15,496$11,814$8,914$6,668$2,690
25 years$19,078$14,543$10,942$8,141$6,000$2,310
26 years$18,149$13,668$10,148$7,444$5,405$1,984
27 years$17,289$12,863$9,423$6,813$4,873$1,705
28 years$16,493$12,121$8,760$6,242$4,397$1,466
29 years$15,753$11,434$8,152$5,724$3,970$1,261
30 years$15,063$10,799$7,594$5,254$3,587$1,085
31 years$14,419$10,208$7,079$4,825$3,243$934
32 years$13,817$9,659$6,605$4,434$2,934$804
33 years$13,252$9,147$6,167$4,078$2,655$692
34 years$12,722$8,670$5,762$3,752$2,404$596
35 years$12,223$8,223$5,387$3,454$2,177$514
36 years$11,753$7,805$5,040$3,181$1,973$442
37 years$11,309$7,413$4,717$2,931$1,788$381
38 years$10,890$7,045$4,417$2,701$1,621$328
39 years$10,493$6,699$4,139$2,491$1,470$283
40 years$10,117$6,373$3,879$2,297$1,333$244
41 years$9,760$6,067$3,637$2,120$1,210$210
42 years$9,421$5,778$3,412$1,956$1,098$181
43 years$9,099$5,505$3,202$1,806$996$156
44 years$8,792$5,248$3,005$1,667$904$134
45 years$8,500$5,004$2,822$1,540$821$116
46 years$8,221$4,774$2,650$1,422$745$100
47 years$7,955$4,556$2,490$1,314$677$86
48 years$7,701$4,349$2,340$1,214$615$74
49 years$7,458$4,153$2,199$1,122$558$64
50 years$7,225$3,967$2,068$1,037$507$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $7,400,000, adding $5,801 every year, while hoping to spend $47,637 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: 56/18/26 Blend
65$7,400,000$7,400,000$7,400,000$7,400,000
66$8,160,784$7,768,584$7,653,884$8,559,275
67$8,942,498$8,098,559$7,859,603$9,163,502
68$9,802,351$8,443,106$8,070,618$9,816,013
69$10,748,262$8,802,890$8,287,055$10,525,969
70$11,788,957$9,178,604$8,509,044$11,298,923
71$12,934,051$9,570,975$8,736,717$12,140,980
72$14,194,137$9,980,766$8,970,209$13,058,857
73$15,580,887$10,408,771$9,209,660$14,059,946
74$17,107,162$10,855,826$9,455,208$15,152,379
75$18,787,134$11,322,803$9,706,999$16,345,105
76$20,636,417$11,810,616$9,965,179$17,647,971
77$22,672,216$12,320,221$10,229,897$19,071,817
78$24,913,490$12,852,619$10,501,306$20,628,572
79$27,381,128$13,408,859$10,779,561$22,331,368
80$30,098,148$13,990,038$11,064,822$24,194,659
81$33,089,915$14,597,306$11,357,249$26,234,359
82$36,384,377$15,231,865$11,657,008$28,467,987
83$40,012,332$15,894,975$11,964,267$30,914,832
84$44,007,717$16,587,955$12,279,196$33,596,133
85$48,407,925$17,312,186$12,601,970$36,535,274
86$53,254,164$18,069,115$12,932,768$39,758,005
87$58,591,842$18,860,254$13,271,768$43,292,683
88$64,470,994$19,687,191$13,619,157$47,170,536
89$70,946,758$20,551,585$13,975,120$51,425,954
90$78,079,890$21,455,176$14,339,850$56,096,811
91$85,937,344$22,399,784$14,713,540$61,224,821
92$94,592,897$23,387,318$15,096,388$66,855,928
93$104,127,850$24,419,774$15,488,594$73,040,735
94$114,631,792$25,499,244$15,890,363$79,834,979
95$126,203,447$26,627,920$16,301,903$87,300,056
96$138,951,607$27,808,096$16,723,424$95,503,592
97$152,996,154$29,042,175$17,155,142$104,520,082
98$168,469,196$30,332,677$17,597,275$114,431,586
99$185,516,313$31,682,237$18,050,042$125,328,502
100$204,297,929$33,093,619$18,513,671$137,310,413