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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.3%
1 years$627,601$622,011$616,556$611,233$606,035$595,260
2 years$310,694$304,907$299,299$293,862$288,588$277,770
3 years$205,072$199,260$193,666$188,280$183,092$172,567
4 years$152,271$146,477$140,940$135,645$130,583$120,432
5 years$120,599$114,840$109,375$104,189$99,267$89,519
6 years$99,491$93,775$88,391$83,320$78,547$69,213
7 years$84,420$78,753$73,453$68,502$63,879$54,963
8 years$73,122$67,505$62,294$57,465$52,994$44,492
9 years$64,339$58,776$53,654$48,947$44,629$36,537
10 years$57,317$51,808$46,777$42,193$38,026$30,336
11 years$51,575$46,121$41,182$36,721$32,704$25,408
12 years$46,794$41,396$36,548$32,209$28,340$21,429
13 years$42,751$37,410$32,653$28,436$24,713$18,176
14 years$39,289$34,005$29,339$25,242$21,663$15,488
15 years$36,291$31,064$26,489$22,511$19,074$13,249
16 years$33,671$28,501$24,016$20,157$16,858$11,370
17 years$31,361$26,248$21,854$18,110$14,947$9,784
18 years$29,310$24,254$19,950$16,321$13,290$8,438
19 years$27,477$22,479$18,263$14,748$11,846$7,292
20 years$25,830$20,888$16,761$13,357$10,581$6,312
21 years$24,341$19,457$15,417$12,122$9,469$5,472
22 years$22,990$18,162$14,209$11,022$8,488$4,749
23 years$21,758$16,987$13,119$10,038$7,619$4,126
24 years$20,630$15,915$12,133$9,155$6,848$3,588
25 years$19,594$14,936$11,238$8,361$6,162$3,123
26 years$18,639$14,037$10,422$7,645$5,551$2,720
27 years$17,757$13,211$9,678$6,997$5,004$2,370
28 years$16,939$12,448$8,997$6,411$4,516$2,066
29 years$16,179$11,744$8,373$5,879$4,077$1,802
30 years$15,470$11,091$7,799$5,396$3,684$1,573
31 years$14,809$10,484$7,271$4,955$3,331$1,373
32 years$14,190$9,920$6,784$4,554$3,013$1,198
33 years$13,610$9,395$6,334$4,188$2,727$1,047
34 years$13,066$8,904$5,918$3,853$2,469$914
35 years$12,553$8,445$5,533$3,547$2,236$799
36 years$12,071$8,016$5,176$3,267$2,026$698
37 years$11,615$7,613$4,845$3,010$1,836$610
38 years$11,184$7,235$4,537$2,774$1,665$533
39 years$10,777$6,880$4,250$2,558$1,510$466
40 years$10,390$6,546$3,984$2,359$1,369$408
41 years$10,024$6,231$3,736$2,177$1,242$356
42 years$9,676$5,934$3,504$2,009$1,127$312
43 years$9,345$5,654$3,288$1,855$1,023$273
44 years$9,030$5,389$3,087$1,712$929$238
45 years$8,730$5,139$2,898$1,581$843$208
46 years$8,443$4,903$2,722$1,461$765$182
47 years$8,170$4,679$2,557$1,350$695$159
48 years$7,909$4,466$2,403$1,247$631$139
49 years$7,659$4,265$2,259$1,153$573$122
50 years$7,420$4,074$2,124$1,065$521$107

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 $3,038 every year, while hoping to spend $31,238 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: 71/14/15 Blend
65$7,600,000$7,600,000$7,600,000$7,600,000
66$8,378,334$7,975,534$7,857,734$8,944,544
67$9,199,687$8,333,098$8,087,731$9,678,420
68$10,103,771$8,707,136$8,324,386$10,477,501
69$11,098,992$9,098,421$8,567,889$11,351,485
70$12,194,611$9,507,766$8,818,435$12,307,771
71$13,400,834$9,936,020$9,076,226$13,354,499
72$14,728,907$10,384,073$9,341,467$14,500,629
73$16,191,221$10,852,857$9,614,372$15,756,029
74$17,801,430$11,343,352$9,895,157$17,131,557
75$19,574,579$11,856,579$10,184,048$18,639,172
76$21,527,247$12,393,613$10,481,276$20,292,039
77$23,677,704$12,955,578$10,787,076$22,104,653
78$26,046,080$13,543,651$11,101,693$24,092,975
79$28,654,557$14,159,067$11,425,377$26,274,584
80$31,527,580$14,803,119$11,758,385$28,668,832
81$34,692,085$15,477,164$12,100,982$31,297,037
82$38,177,752$16,182,620$12,453,440$34,182,673
83$42,017,291$16,920,976$12,816,038$37,351,592
84$46,246,743$17,693,792$13,189,064$40,832,269
85$50,905,825$18,502,702$13,572,812$44,656,065
86$56,038,304$19,349,420$13,967,586$48,857,522
87$61,692,409$20,235,739$14,373,698$53,474,688
88$67,921,285$21,163,540$14,791,467$58,549,471
89$74,783,499$22,134,797$15,221,224$64,128,035
90$82,343,587$23,151,573$15,663,306$70,261,231
91$90,672,667$24,216,034$16,118,061$77,005,076
92$99,849,110$25,330,451$16,585,847$84,421,276
93$109,959,276$26,497,200$17,067,030$92,577,808
94$121,098,335$27,718,775$17,561,988$101,549,560
95$133,371,159$28,997,789$18,071,109$111,419,029
96$146,893,316$30,336,979$18,594,789$122,277,102
97$161,792,159$31,739,216$19,133,440$134,223,909
98$178,208,029$33,207,508$19,687,480$147,369,761
99$196,295,581$34,745,008$20,257,343$161,836,194
100$216,225,237$36,355,021$20,843,472$177,757,105