Can I retire at age 66 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$644,117$638,379$632,782$627,318$621,983$599,200
2 years$318,870$312,931$307,176$301,595$296,182$273,482
3 years$210,468$204,504$198,763$193,235$187,910$166,007
4 years$156,278$150,332$144,648$139,215$134,019$113,080
5 years$123,772$117,862$112,253$106,930$101,879$81,959
6 years$102,109$96,243$90,717$85,513$80,614$61,726
7 years$86,641$80,825$75,386$70,305$65,560$47,701
8 years$75,046$69,282$63,934$58,977$54,389$37,542
9 years$66,032$60,322$55,066$50,235$45,803$29,946
10 years$58,825$53,171$48,008$43,303$39,027$24,131
11 years$52,932$47,335$42,265$37,687$33,564$19,599
12 years$48,025$42,486$37,509$33,057$29,086$16,016
13 years$43,876$38,395$33,512$29,184$25,364$13,152
14 years$40,323$34,900$30,111$25,906$22,234$10,843
15 years$37,246$31,881$27,186$23,104$19,576$8,968
16 years$34,557$29,251$24,648$20,687$17,301$7,436
17 years$32,186$26,939$22,429$18,587$15,341$6,179
18 years$30,082$24,893$20,475$16,751$13,640$5,144
19 years$28,201$23,070$18,744$15,136$12,158$4,288
20 years$26,510$21,438$17,202$13,708$10,860$3,579
21 years$24,982$19,969$15,822$12,441$9,718$2,990
22 years$23,595$18,640$14,583$11,312$8,711$2,500
23 years$22,330$17,434$13,465$10,302$7,819$2,092
24 years$21,173$16,334$12,453$9,396$7,028$1,751
25 years$20,110$15,329$11,534$8,581$6,324$1,467
26 years$19,130$14,407$10,697$7,846$5,697$1,229
27 years$18,224$13,558$9,933$7,182$5,136$1,030
28 years$17,384$12,776$9,234$6,580$4,634$864
29 years$16,604$12,053$8,593$6,034$4,185$724
30 years$15,877$11,382$8,004$5,538$3,781$608
31 years$15,199$10,760$7,462$5,086$3,419$510
32 years$14,564$10,181$6,962$4,674$3,092$428
33 years$13,969$9,642$6,501$4,298$2,799$359
34 years$13,410$9,138$6,074$3,955$2,534$301
35 years$12,884$8,667$5,678$3,640$2,295$253
36 years$12,388$8,227$5,312$3,353$2,079$212
37 years$11,921$7,813$4,972$3,089$1,885$178
38 years$11,479$7,426$4,656$2,847$1,709$149
39 years$11,060$7,061$4,362$2,625$1,549$125
40 years$10,664$6,718$4,089$2,422$1,405$105
41 years$10,288$6,395$3,834$2,234$1,275$88
42 years$9,931$6,090$3,596$2,062$1,157$74
43 years$9,591$5,803$3,375$1,903$1,050$62
44 years$9,268$5,531$3,168$1,757$953$52
45 years$8,959$5,275$2,974$1,623$865$44
46 years$8,666$5,032$2,794$1,499$786$37
47 years$8,385$4,802$2,625$1,385$713$31
48 years$8,117$4,584$2,466$1,280$648$26
49 years$7,861$4,377$2,318$1,183$588$22
50 years$7,616$4,182$2,179$1,093$534$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $7,800,000, adding $3,961 every year, while hoping to spend $42,527 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: 56/23/21 Blend
65$7,800,000$7,800,000$7,800,000$7,800,000
66$8,599,686$8,186,286$8,065,386$9,032,306
67$9,431,605$8,542,165$8,290,328$9,684,105
68$10,346,955$8,914,058$8,521,380$10,388,966
69$11,354,201$9,302,703$8,758,702$11,155,944
70$12,462,669$9,708,875$9,002,458$11,991,017
71$13,682,636$10,133,385$9,252,816$12,900,759
72$15,025,427$10,577,082$9,509,947$13,892,401
73$16,503,518$11,040,856$9,774,027$14,973,895
74$18,130,657$11,525,639$10,045,238$16,153,990
75$19,921,993$12,032,405$10,323,763$17,442,310
76$21,894,219$12,562,175$10,609,791$18,849,444
77$24,065,728$13,116,020$10,903,518$20,387,043
78$26,456,787$13,695,060$11,205,141$22,067,928
79$29,089,730$14,300,468$11,514,863$23,906,208
80$31,989,164$14,933,473$11,832,893$25,917,412
81$35,182,208$15,595,362$12,159,444$28,118,631
82$38,698,742$16,287,484$12,494,734$30,528,678
83$42,571,693$17,011,250$12,838,987$33,168,263
84$46,837,344$17,768,139$13,192,431$36,060,182
85$51,535,676$18,559,701$13,555,301$39,229,534
86$56,710,747$19,387,559$13,927,835$42,703,952
87$62,411,106$20,253,412$14,310,281$46,513,860
88$68,690,251$21,159,041$14,702,888$50,692,757
89$75,607,136$22,106,313$15,105,913$55,277,530
90$83,226,722$23,097,181$15,519,620$60,308,797
91$91,620,598$24,133,693$15,944,277$65,831,290
92$100,867,649$25,217,994$16,380,160$71,894,267
93$111,054,804$26,352,330$16,827,550$78,551,979
94$122,277,856$27,539,057$17,286,736$85,864,170
95$134,642,367$28,780,640$17,758,011$93,896,646
96$148,264,661$30,079,664$18,241,677$102,721,880
97$163,272,926$31,438,837$18,738,042$112,419,701
98$179,808,419$32,860,995$19,247,422$123,078,034
99$198,026,805$34,349,111$19,770,138$134,793,731
100$218,099,621$35,906,300$20,306,519$147,673,474