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%14.9%
1 years$627,601$622,011$616,556$611,233$606,035$593,798
2 years$310,694$304,907$299,299$293,862$288,588$276,314
3 years$205,072$199,260$193,666$188,280$183,092$171,163
4 years$152,271$146,477$140,940$135,645$130,583$119,090
5 years$120,599$114,840$109,375$104,189$99,267$88,244
6 years$99,491$93,775$88,391$83,320$78,547$68,005
7 years$84,420$78,753$73,453$68,502$63,879$53,822
8 years$73,122$67,505$62,294$57,465$52,994$43,417
9 years$64,339$58,776$53,654$48,947$44,629$35,526
10 years$57,317$51,808$46,777$42,193$38,026$29,389
11 years$51,575$46,121$41,182$36,721$32,704$24,522
12 years$46,794$41,396$36,548$32,209$28,340$20,601
13 years$42,751$37,410$32,653$28,436$24,713$17,404
14 years$39,289$34,005$29,339$25,242$21,663$14,770
15 years$36,291$31,064$26,489$22,511$19,074$12,583
16 years$33,671$28,501$24,016$20,157$16,858$10,753
17 years$31,361$26,248$21,854$18,110$14,947$9,213
18 years$29,310$24,254$19,950$16,321$13,290$7,912
19 years$27,477$22,479$18,263$14,748$11,846$6,807
20 years$25,830$20,888$16,761$13,357$10,581$5,865
21 years$24,341$19,457$15,417$12,122$9,469$5,061
22 years$22,990$18,162$14,209$11,022$8,488$4,373
23 years$21,758$16,987$13,119$10,038$7,619$3,781
24 years$20,630$15,915$12,133$9,155$6,848$3,273
25 years$19,594$14,936$11,238$8,361$6,162$2,835
26 years$18,639$14,037$10,422$7,645$5,551$2,457
27 years$17,757$13,211$9,678$6,997$5,004$2,131
28 years$16,939$12,448$8,997$6,411$4,516$1,849
29 years$16,179$11,744$8,373$5,879$4,077$1,605
30 years$15,470$11,091$7,799$5,396$3,684$1,393
31 years$14,809$10,484$7,271$4,955$3,331$1,210
32 years$14,190$9,920$6,784$4,554$3,013$1,051
33 years$13,610$9,395$6,334$4,188$2,727$914
34 years$13,066$8,904$5,918$3,853$2,469$794
35 years$12,553$8,445$5,533$3,547$2,236$690
36 years$12,071$8,016$5,176$3,267$2,026$600
37 years$11,615$7,613$4,845$3,010$1,836$522
38 years$11,184$7,235$4,537$2,774$1,665$454
39 years$10,777$6,880$4,250$2,558$1,510$395
40 years$10,390$6,546$3,984$2,359$1,369$343
41 years$10,024$6,231$3,736$2,177$1,242$299
42 years$9,676$5,934$3,504$2,009$1,127$260
43 years$9,345$5,654$3,288$1,855$1,023$226
44 years$9,030$5,389$3,087$1,712$929$197
45 years$8,730$5,139$2,898$1,581$843$171
46 years$8,443$4,903$2,722$1,461$765$149
47 years$8,170$4,679$2,557$1,350$695$130
48 years$7,909$4,466$2,403$1,247$631$113
49 years$7,659$4,265$2,259$1,153$573$98
50 years$7,420$4,074$2,124$1,065$521$85

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 $4,524 every year, while hoping to spend $29,245 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: 54/39/7 Blend
65$7,600,000$7,600,000$7,600,000$7,600,000
66$8,379,867$7,977,067$7,859,267$8,818,410
67$9,203,496$8,336,826$8,091,435$9,475,252
68$10,110,156$8,713,234$8,330,402$10,186,143
69$11,108,285$9,107,075$8,576,363$10,959,104
70$12,207,179$9,519,171$8,829,520$11,800,022
71$13,417,085$9,950,384$9,090,083$12,715,359
72$14,749,292$10,401,617$9,358,265$13,712,219
73$16,216,239$10,873,816$9,634,286$14,798,407
74$17,831,635$11,367,972$9,918,374$15,982,504
75$19,610,582$11,885,123$10,210,760$17,273,938
76$21,569,726$12,426,359$10,511,685$18,683,077
77$23,727,408$12,992,820$10,821,396$20,221,320
78$26,103,836$13,585,701$11,140,145$21,901,200
79$28,721,281$14,206,254$11,468,194$23,736,502
80$31,604,283$14,855,792$11,805,810$25,742,385
81$34,779,885$15,535,690$12,153,270$27,935,525
82$38,277,885$16,247,391$12,510,856$30,334,264
83$42,131,120$16,992,404$12,878,861$32,958,782
84$46,375,775$17,772,313$13,257,583$35,831,282
85$51,051,725$18,588,777$13,647,333$38,976,193
86$56,202,908$19,443,534$14,048,426$42,420,397
87$61,877,745$20,338,408$14,461,189$46,193,478
88$68,129,593$21,275,308$14,885,956$50,327,992
89$75,017,250$22,256,236$15,323,074$54,859,773
90$82,605,508$23,283,290$15,772,896$59,828,263
91$90,965,768$24,358,670$16,235,786$65,276,876
92$100,176,712$25,484,680$16,712,120$71,253,404
93$110,325,043$26,663,736$17,202,283$77,810,461
94$121,506,309$27,898,370$17,706,671$85,005,968
95$133,825,800$29,191,237$18,225,691$92,903,697
96$147,399,542$30,545,119$18,759,763$101,573,863
97$162,355,397$31,962,932$19,309,317$111,093,776
98$178,834,264$33,447,732$19,874,796$121,548,567
99$196,991,412$35,002,724$20,456,654$133,031,976
100$216,997,945$36,631,266$21,055,361$145,647,232