Can I retire at age 66 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$619,343$613,826$608,444$603,190$598,061$587,911
2 years$306,605$300,895$295,361$289,995$284,791$274,596
3 years$202,373$196,638$191,118$185,803$180,683$170,761
4 years$150,267$144,550$139,085$133,860$128,865$119,292
5 years$119,012$113,329$107,936$102,818$97,961$88,765
6 years$98,182$92,542$87,228$82,224$77,513$68,704
7 years$83,309$77,716$72,487$67,601$63,039$54,620
8 years$72,160$66,617$61,475$56,709$52,297$44,266
9 years$63,492$58,002$52,948$48,303$44,041$36,394
10 years$56,562$51,126$46,161$41,638$37,526$30,255
11 years$50,896$45,515$40,640$36,237$32,273$25,372
12 years$46,178$40,851$36,067$31,785$27,967$21,426
13 years$42,189$36,918$32,223$28,062$24,388$18,197
14 years$38,772$33,557$28,953$24,910$21,378$15,527
15 years$35,814$30,655$26,140$22,215$18,823$13,301
16 years$33,228$28,126$23,700$19,891$16,636$11,430
17 years$30,948$25,903$21,566$17,872$14,751$9,850
18 years$28,925$23,935$19,687$16,106$13,116$8,508
19 years$27,116$22,183$18,023$14,554$11,690$7,363
20 years$25,490$20,613$16,540$13,181$10,442$6,383
21 years$24,021$19,201$15,214$11,963$9,344$5,542
22 years$22,687$17,923$14,022$10,877$8,376$4,817
23 years$21,471$16,763$12,947$9,906$7,519$4,192
24 years$20,358$15,706$11,974$9,035$6,758$3,651
25 years$19,336$14,739$11,090$8,251$6,081$3,182
26 years$18,394$13,852$10,285$7,544$5,478$2,776
27 years$17,523$13,037$9,551$6,905$4,939$2,423
28 years$16,716$12,284$8,879$6,327$4,456$2,116
29 years$15,966$11,589$8,262$5,802$4,024$1,849
30 years$15,267$10,945$7,696$5,325$3,636$1,616
31 years$14,614$10,346$7,175$4,890$3,287$1,413
32 years$14,004$9,790$6,694$4,494$2,973$1,235
33 years$13,431$9,271$6,251$4,133$2,691$1,081
34 years$12,894$8,787$5,840$3,803$2,436$946
35 years$12,388$8,334$5,460$3,500$2,207$828
36 years$11,912$7,910$5,108$3,224$1,999$724
37 years$11,462$7,513$4,781$2,970$1,812$634
38 years$11,037$7,140$4,477$2,738$1,643$555
39 years$10,635$6,789$4,194$2,524$1,490$486
40 years$10,254$6,460$3,931$2,328$1,351$426
41 years$9,892$6,149$3,686$2,148$1,226$373
42 years$9,549$5,856$3,458$1,983$1,112$327
43 years$9,222$5,580$3,245$1,830$1,010$286
44 years$8,911$5,319$3,046$1,690$916$251
45 years$8,615$5,072$2,860$1,561$832$220
46 years$8,332$4,838$2,686$1,442$755$192
47 years$8,063$4,617$2,524$1,332$686$169
48 years$7,805$4,408$2,372$1,231$623$148
49 years$7,558$4,209$2,229$1,137$566$129
50 years$7,323$4,021$2,096$1,051$514$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $7,500,000, adding $5,492 every year, while hoping to spend $53,249 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: 70/20/10 Blend
65$7,500,000$7,500,000$7,500,000$7,500,000
66$8,270,665$7,873,165$7,756,915$8,832,979
67$9,057,616$8,202,294$7,960,115$9,535,355
68$9,923,052$8,545,765$8,168,338$10,296,683
69$10,874,921$8,904,225$8,381,695$11,128,366
70$11,921,982$9,278,351$8,600,301$12,037,314
71$13,073,885$9,668,851$8,824,271$13,031,131
72$14,341,261$10,076,464$9,053,724$14,118,187
73$15,735,825$10,501,967$9,288,780$15,307,694
74$17,270,486$10,946,169$9,529,560$16,609,791
75$18,959,464$11,409,921$9,776,189$18,035,640
76$20,818,431$11,894,108$10,028,793$19,597,530
77$22,864,653$12,399,662$10,287,500$21,308,987
78$25,117,156$12,927,554$10,552,440$23,184,907
79$27,596,904$13,478,802$10,823,745$25,241,689
80$30,326,997$14,054,472$11,101,549$27,497,388
81$33,332,889$14,655,680$11,385,989$29,971,889
82$36,642,627$15,283,591$11,677,203$32,687,087
83$40,287,116$15,939,428$11,975,330$35,667,092
84$44,300,412$16,624,470$12,280,513$38,938,458
85$48,720,040$17,340,055$12,592,897$42,530,430
86$53,587,351$18,087,585$12,912,626$46,475,213
87$58,947,911$18,868,526$13,239,849$50,808,281
88$64,851,929$19,684,416$13,574,715$55,568,703
89$71,354,734$20,536,860$13,917,377$60,799,514
90$78,517,295$21,427,544$14,267,986$66,548,112
91$86,406,794$22,358,229$14,626,699$72,866,711
92$95,097,266$23,330,761$14,993,672$79,812,822
93$104,670,291$24,347,072$15,369,064$87,449,800
94$115,215,766$25,409,184$15,753,034$95,847,432
95$126,832,758$26,519,217$16,145,743$105,082,599
96$139,630,429$27,679,389$16,547,356$115,239,993
97$153,729,076$28,892,022$16,958,035$126,412,914
98$169,261,259$30,159,549$17,377,947$138,704,148
99$186,373,057$31,484,517$17,807,258$152,226,932
100$205,225,445$32,869,593$18,246,137$167,106,017