Can I retire at age 66 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$627,601$622,011$616,556$611,233$606,035$599,207
2 years$310,694$304,907$299,299$293,862$288,588$281,715
3 years$205,072$199,260$193,666$188,280$183,092$176,386
4 years$152,271$146,477$140,940$135,645$130,583$124,096
5 years$120,599$114,840$109,375$104,189$99,267$93,019
6 years$99,491$93,775$88,391$83,320$78,547$72,544
7 years$84,420$78,753$73,453$68,502$63,879$58,125
8 years$73,122$67,505$62,294$57,465$52,994$47,488
9 years$64,339$58,776$53,654$48,947$44,629$39,368
10 years$57,317$51,808$46,777$42,193$38,026$33,008
11 years$51,575$46,121$41,182$36,721$32,704$27,923
12 years$46,794$41,396$36,548$32,209$28,340$23,793
13 years$42,751$37,410$32,653$28,436$24,713$20,393
14 years$39,289$34,005$29,339$25,242$21,663$17,565
15 years$36,291$31,064$26,489$22,511$19,074$15,190
16 years$33,671$28,501$24,016$20,157$16,858$13,182
17 years$31,361$26,248$21,854$18,110$14,947$11,472
18 years$29,310$24,254$19,950$16,321$13,290$10,010
19 years$27,477$22,479$18,263$14,748$11,846$8,752
20 years$25,830$20,888$16,761$13,357$10,581$7,666
21 years$24,341$19,457$15,417$12,122$9,469$6,726
22 years$22,990$18,162$14,209$11,022$8,488$5,909
23 years$21,758$16,987$13,119$10,038$7,619$5,198
24 years$20,630$15,915$12,133$9,155$6,848$4,577
25 years$19,594$14,936$11,238$8,361$6,162$4,034
26 years$18,639$14,037$10,422$7,645$5,551$3,558
27 years$17,757$13,211$9,678$6,997$5,004$3,140
28 years$16,939$12,448$8,997$6,411$4,516$2,774
29 years$16,179$11,744$8,373$5,879$4,077$2,451
30 years$15,470$11,091$7,799$5,396$3,684$2,167
31 years$14,809$10,484$7,271$4,955$3,331$1,917
32 years$14,190$9,920$6,784$4,554$3,013$1,696
33 years$13,610$9,395$6,334$4,188$2,727$1,501
34 years$13,066$8,904$5,918$3,853$2,469$1,329
35 years$12,553$8,445$5,533$3,547$2,236$1,177
36 years$12,071$8,016$5,176$3,267$2,026$1,042
37 years$11,615$7,613$4,845$3,010$1,836$923
38 years$11,184$7,235$4,537$2,774$1,665$818
39 years$10,777$6,880$4,250$2,558$1,510$725
40 years$10,390$6,546$3,984$2,359$1,369$643
41 years$10,024$6,231$3,736$2,177$1,242$570
42 years$9,676$5,934$3,504$2,009$1,127$505
43 years$9,345$5,654$3,288$1,855$1,023$448
44 years$9,030$5,389$3,087$1,712$929$397
45 years$8,730$5,139$2,898$1,581$843$352
46 years$8,443$4,903$2,722$1,461$765$312
47 years$8,170$4,679$2,557$1,350$695$277
48 years$7,909$4,466$2,403$1,247$631$246
49 years$7,659$4,265$2,259$1,153$573$218
50 years$7,420$4,074$2,124$1,065$521$193

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $7,600,000, adding $3,189 every year, while hoping to spend $35,924 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: 76/16/8 Blend
65$7,600,000$7,600,000$7,600,000$7,600,000
66$8,378,489$7,975,689$7,857,889$9,005,193
67$9,194,873$8,328,275$8,082,906$9,770,367
68$10,093,323$8,696,934$8,314,256$10,603,947
69$11,082,173$9,082,415$8,552,115$11,516,603
70$12,170,604$9,485,503$8,796,661$12,516,173
71$13,368,735$9,907,022$9,048,078$13,611,282
72$14,687,711$10,347,831$9,306,554$14,811,428
73$16,139,818$10,808,835$9,572,283$16,127,065
74$17,738,588$11,290,977$9,845,464$17,569,704
75$19,498,938$11,795,248$10,126,301$19,152,020
76$21,437,300$12,322,686$10,415,002$20,887,968
77$23,571,783$12,874,376$10,711,783$22,792,914
78$25,922,342$13,451,458$11,016,865$24,883,780
79$28,510,964$14,055,122$11,330,473$27,179,200
80$31,361,879$14,686,620$11,652,841$29,699,696
81$34,501,785$15,347,259$11,984,205$32,467,868
82$37,960,103$16,038,410$12,324,812$35,508,606
83$41,769,252$16,761,511$12,674,912$38,849,325
84$45,964,957$17,518,066$13,034,762$42,520,218
85$50,586,583$18,309,652$13,404,628$46,554,543
86$55,677,512$19,137,922$13,784,780$50,988,930
87$61,285,544$20,004,607$14,175,497$55,863,730
88$67,463,358$20,911,520$14,577,063$61,223,387
89$74,268,998$21,860,563$14,989,773$67,116,861
90$81,766,432$22,853,727$15,413,927$73,598,083
91$90,026,148$23,893,098$15,849,833$80,726,465
92$99,125,819$24,980,865$16,297,807$88,567,454
93$109,151,043$26,119,318$16,758,173$97,193,151
94$120,196,143$27,310,858$17,231,266$106,682,984
95$132,365,062$28,558,002$17,717,425$117,124,458
96$145,772,341$29,863,386$18,217,001$128,613,975
97$160,544,202$31,229,775$18,730,354$141,257,744
98$176,819,741$32,660,064$19,257,851$155,172,775
99$194,752,236$34,157,288$19,799,870$170,487,983
100$214,510,596$35,724,628$20,356,798$187,345,401