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%12.5%
1 years$619,343$613,826$608,444$603,190$598,061$591,815
2 years$306,605$300,895$295,361$289,995$284,791$278,501
3 years$202,373$196,638$191,118$185,803$180,683$174,544
4 years$150,267$144,550$139,085$133,860$128,865$122,925
5 years$119,012$113,329$107,936$102,818$97,961$92,237
6 years$98,182$92,542$87,228$82,224$77,513$72,012
7 years$83,309$77,716$72,487$67,601$63,039$57,763
8 years$72,160$66,617$61,475$56,709$52,297$47,246
9 years$63,492$58,002$52,948$48,303$44,041$39,214
10 years$56,562$51,126$46,161$41,638$37,526$32,918
11 years$50,896$45,515$40,640$36,237$32,273$27,882
12 years$46,178$40,851$36,067$31,785$27,967$23,788
13 years$42,189$36,918$32,223$28,062$24,388$20,415
14 years$38,772$33,557$28,953$24,910$21,378$17,607
15 years$35,814$30,655$26,140$22,215$18,823$15,247
16 years$33,228$28,126$23,700$19,891$16,636$13,250
17 years$30,948$25,903$21,566$17,872$14,751$11,548
18 years$28,925$23,935$19,687$16,106$13,116$10,090
19 years$27,116$22,183$18,023$14,554$11,690$8,835
20 years$25,490$20,613$16,540$13,181$10,442$7,750
21 years$24,021$19,201$15,214$11,963$9,344$6,810
22 years$22,687$17,923$14,022$10,877$8,376$5,992
23 years$21,471$16,763$12,947$9,906$7,519$5,279
24 years$20,358$15,706$11,974$9,035$6,758$4,655
25 years$19,336$14,739$11,090$8,251$6,081$4,109
26 years$18,394$13,852$10,285$7,544$5,478$3,630
27 years$17,523$13,037$9,551$6,905$4,939$3,209
28 years$16,716$12,284$8,879$6,327$4,456$2,839
29 years$15,966$11,589$8,262$5,802$4,024$2,513
30 years$15,267$10,945$7,696$5,325$3,636$2,225
31 years$14,614$10,346$7,175$4,890$3,287$1,971
32 years$14,004$9,790$6,694$4,494$2,973$1,747
33 years$13,431$9,271$6,251$4,133$2,691$1,549
34 years$12,894$8,787$5,840$3,803$2,436$1,374
35 years$12,388$8,334$5,460$3,500$2,207$1,219
36 years$11,912$7,910$5,108$3,224$1,999$1,081
37 years$11,462$7,513$4,781$2,970$1,812$960
38 years$11,037$7,140$4,477$2,738$1,643$852
39 years$10,635$6,789$4,194$2,524$1,490$756
40 years$10,254$6,460$3,931$2,328$1,351$671
41 years$9,892$6,149$3,686$2,148$1,226$596
42 years$9,549$5,856$3,458$1,983$1,112$529
43 years$9,222$5,580$3,245$1,830$1,010$470
44 years$8,911$5,319$3,046$1,690$916$418
45 years$8,615$5,072$2,860$1,561$832$371
46 years$8,332$4,838$2,686$1,442$755$330
47 years$8,063$4,617$2,524$1,332$686$293
48 years$7,805$4,408$2,372$1,231$623$260
49 years$7,558$4,209$2,229$1,137$566$231
50 years$7,323$4,021$2,096$1,051$514$205

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 $2,805 every year, while hoping to spend $47,846 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: 52/41/7 Blend
65$7,500,000$7,500,000$7,500,000$7,500,000
66$8,267,893$7,870,393$7,754,143$8,683,566
67$9,060,311$8,205,135$7,962,999$9,300,792
68$9,931,951$8,554,675$8,177,248$9,966,232
69$10,890,845$8,919,689$8,397,021$10,688,729
70$11,945,839$9,300,882$8,622,449$11,473,668
71$13,106,683$9,698,993$8,853,670$12,326,962
72$14,384,118$10,114,797$9,090,821$13,255,110
73$15,789,978$10,549,102$9,334,044$14,265,252
74$17,337,304$11,002,757$9,583,483$15,365,236
75$19,040,466$11,476,649$9,839,286$16,563,688
76$20,915,295$11,971,706$10,101,603$17,870,091
77$22,979,236$12,488,901$10,370,588$19,294,872
78$25,251,513$13,029,251$10,646,397$20,849,496
79$27,753,306$13,593,824$10,929,191$22,546,569
80$30,507,956$14,183,733$11,219,131$24,399,959
81$33,541,180$14,800,149$11,516,385$26,424,918
82$36,881,317$15,444,293$11,821,120$28,638,223
83$40,559,595$16,117,447$12,133,512$31,058,333
84$44,610,423$16,820,952$12,453,734$33,705,555
85$49,071,719$17,556,211$12,781,967$36,602,235
86$53,985,265$18,324,696$13,118,393$39,772,961
87$59,397,101$19,127,945$13,463,198$43,244,793
88$65,357,963$19,967,572$13,816,573$47,047,510
89$71,923,758$20,845,265$14,178,710$51,213,891
90$79,156,090$21,762,793$14,549,807$55,780,012
91$87,122,848$22,722,006$14,930,062$60,785,588
92$95,898,840$23,724,846$15,319,680$66,274,335
93$105,566,501$24,773,342$15,718,869$72,294,382
94$116,216,671$25,869,624$16,127,838$78,898,713
95$127,949,455$27,015,918$16,546,804$86,145,667
96$140,875,160$28,214,559$16,975,983$94,099,474
97$155,115,346$29,467,992$17,415,598$102,830,860
98$170,803,965$30,778,777$17,865,873$112,417,704
99$188,088,628$32,149,596$18,327,039$122,945,763
100$207,132,001$33,583,259$18,799,328$134,509,476