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%12.7%
1 years$644,117$638,379$632,782$627,318$621,983$614,976
2 years$318,870$312,931$307,176$301,595$296,182$289,128
3 years$210,468$204,504$198,763$193,235$187,910$181,028
4 years$156,278$150,332$144,648$139,215$134,019$127,362
5 years$123,772$117,862$112,253$106,930$101,879$95,467
6 years$102,109$96,243$90,717$85,513$80,614$74,453
7 years$86,641$80,825$75,386$70,305$65,560$59,655
8 years$75,046$69,282$63,934$58,977$54,389$48,737
9 years$66,032$60,322$55,066$50,235$45,803$40,404
10 years$58,825$53,171$48,008$43,303$39,027$33,876
11 years$52,932$47,335$42,265$37,687$33,564$28,658
12 years$48,025$42,486$37,509$33,057$29,086$24,419
13 years$43,876$38,395$33,512$29,184$25,364$20,930
14 years$40,323$34,900$30,111$25,906$22,234$18,027
15 years$37,246$31,881$27,186$23,104$19,576$15,590
16 years$34,557$29,251$24,648$20,687$17,301$13,529
17 years$32,186$26,939$22,429$18,587$15,341$11,774
18 years$30,082$24,893$20,475$16,751$13,640$10,273
19 years$28,201$23,070$18,744$15,136$12,158$8,982
20 years$26,510$21,438$17,202$13,708$10,860$7,868
21 years$24,982$19,969$15,822$12,441$9,718$6,903
22 years$23,595$18,640$14,583$11,312$8,711$6,065
23 years$22,330$17,434$13,465$10,302$7,819$5,335
24 years$21,173$16,334$12,453$9,396$7,028$4,697
25 years$20,110$15,329$11,534$8,581$6,324$4,140
26 years$19,130$14,407$10,697$7,846$5,697$3,652
27 years$18,224$13,558$9,933$7,182$5,136$3,223
28 years$17,384$12,776$9,234$6,580$4,634$2,847
29 years$16,604$12,053$8,593$6,034$4,185$2,516
30 years$15,877$11,382$8,004$5,538$3,781$2,224
31 years$15,199$10,760$7,462$5,086$3,419$1,967
32 years$14,564$10,181$6,962$4,674$3,092$1,740
33 years$13,969$9,642$6,501$4,298$2,799$1,540
34 years$13,410$9,138$6,074$3,955$2,534$1,364
35 years$12,884$8,667$5,678$3,640$2,295$1,208
36 years$12,388$8,227$5,312$3,353$2,079$1,070
37 years$11,921$7,813$4,972$3,089$1,885$948
38 years$11,479$7,426$4,656$2,847$1,709$840
39 years$11,060$7,061$4,362$2,625$1,549$744
40 years$10,664$6,718$4,089$2,422$1,405$660
41 years$10,288$6,395$3,834$2,234$1,275$585
42 years$9,931$6,090$3,596$2,062$1,157$518
43 years$9,591$5,803$3,375$1,903$1,050$460
44 years$9,268$5,531$3,168$1,757$953$408
45 years$8,959$5,275$2,974$1,623$865$361
46 years$8,666$5,032$2,794$1,499$786$321
47 years$8,385$4,802$2,625$1,385$713$284
48 years$8,117$4,584$2,466$1,280$648$252
49 years$7,861$4,377$2,318$1,183$588$224
50 years$7,616$4,182$2,179$1,093$534$198

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 $2,189 every year, while hoping to spend $58,476 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: 40/30/30 Blend
65$7,800,000$7,800,000$7,800,000$7,800,000
66$8,597,858$8,184,458$8,063,558$8,865,543
67$9,412,621$8,523,278$8,271,469$9,400,007
68$10,308,531$8,876,741$8,484,385$9,972,301
69$11,293,802$9,245,502$8,702,413$10,590,390
70$12,377,485$9,630,247$8,925,659$11,258,511
71$13,569,552$10,031,693$9,154,233$11,981,319
72$14,880,992$10,450,592$9,388,245$12,763,930
73$16,323,910$10,887,728$9,627,808$13,611,962
74$17,911,645$11,343,922$9,873,036$14,531,588
75$19,658,894$11,820,036$10,124,044$15,529,593
76$21,581,851$12,316,967$10,380,949$16,613,434
77$23,698,358$12,835,657$10,643,869$17,791,310
78$26,028,077$13,377,090$10,912,925$19,072,235
79$28,592,670$13,942,297$11,188,237$20,466,120
80$31,416,008$14,532,355$11,469,929$21,983,863
81$34,524,393$15,148,393$11,758,124$23,637,454
82$37,946,809$15,791,591$12,052,948$25,440,078
83$41,715,190$16,463,186$12,354,528$27,406,240
84$45,864,726$17,164,469$12,662,992$29,551,900
85$50,434,195$17,896,795$12,978,469$31,894,616
86$55,466,325$18,661,579$13,301,090$34,453,710
87$61,008,198$19,460,306$13,630,985$37,250,442
88$67,111,699$20,294,525$13,968,287$40,308,214
89$73,833,998$21,165,862$14,313,130$43,652,778
90$81,238,093$22,076,017$14,665,648$47,312,481
91$89,393,407$23,026,770$15,025,975$51,318,527
92$98,376,437$24,019,984$15,394,248$55,705,265
93$108,271,481$25,057,611$15,770,602$60,510,509
94$119,171,429$26,141,691$16,155,175$65,775,891
95$131,178,645$27,274,364$16,548,103$71,547,247
96$144,405,926$28,457,866$16,949,523$77,875,048
97$158,977,571$29,694,543$17,359,574$84,814,863
98$175,030,556$30,986,848$17,778,392$92,427,887
99$192,715,818$32,337,349$18,206,114$100,781,505
100$212,199,690$33,748,738$18,642,877$109,949,925