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%15.9%
1 years$644,117$638,379$632,782$627,318$621,983$606,947
2 years$318,870$312,931$307,176$301,595$296,182$281,124
3 years$210,468$204,504$198,763$193,235$187,910$173,300
4 years$156,278$150,332$144,648$139,215$134,019$119,970
5 years$123,772$117,862$112,253$106,930$101,879$88,430
6 years$102,109$96,243$90,717$85,513$80,614$67,779
7 years$86,641$80,825$75,386$70,305$65,560$53,341
8 years$75,046$69,282$63,934$58,977$54,389$42,779
9 years$66,032$60,322$55,066$50,235$45,803$34,795
10 years$58,825$53,171$48,008$43,303$39,027$28,606
11 years$52,932$47,335$42,265$37,687$33,564$23,717
12 years$48,025$42,486$37,509$33,057$29,086$19,796
13 years$43,876$38,395$33,512$29,184$25,364$16,613
14 years$40,323$34,900$30,111$25,906$22,234$14,003
15 years$37,246$31,881$27,186$23,104$19,576$11,846
16 years$34,557$29,251$24,648$20,687$17,301$10,052
17 years$32,186$26,939$22,429$18,587$15,341$8,551
18 years$30,082$24,893$20,475$16,751$13,640$7,289
19 years$28,201$23,070$18,744$15,136$12,158$6,225
20 years$26,510$21,438$17,202$13,708$10,860$5,324
21 years$24,982$19,969$15,822$12,441$9,718$4,559
22 years$23,595$18,640$14,583$11,312$8,711$3,908
23 years$22,330$17,434$13,465$10,302$7,819$3,353
24 years$21,173$16,334$12,453$9,396$7,028$2,879
25 years$20,110$15,329$11,534$8,581$6,324$2,474
26 years$19,130$14,407$10,697$7,846$5,697$2,127
27 years$18,224$13,558$9,933$7,182$5,136$1,830
28 years$17,384$12,776$9,234$6,580$4,634$1,575
29 years$16,604$12,053$8,593$6,034$4,185$1,356
30 years$15,877$11,382$8,004$5,538$3,781$1,168
31 years$15,199$10,760$7,462$5,086$3,419$1,006
32 years$14,564$10,181$6,962$4,674$3,092$866
33 years$13,969$9,642$6,501$4,298$2,799$747
34 years$13,410$9,138$6,074$3,955$2,534$644
35 years$12,884$8,667$5,678$3,640$2,295$555
36 years$12,388$8,227$5,312$3,353$2,079$478
37 years$11,921$7,813$4,972$3,089$1,885$412
38 years$11,479$7,426$4,656$2,847$1,709$356
39 years$11,060$7,061$4,362$2,625$1,549$307
40 years$10,664$6,718$4,089$2,422$1,405$264
41 years$10,288$6,395$3,834$2,234$1,275$228
42 years$9,931$6,090$3,596$2,062$1,157$197
43 years$9,591$5,803$3,375$1,903$1,050$170
44 years$9,268$5,531$3,168$1,757$953$146
45 years$8,959$5,275$2,974$1,623$865$126
46 years$8,666$5,032$2,794$1,499$786$109
47 years$8,385$4,802$2,625$1,385$713$94
48 years$8,117$4,584$2,466$1,280$648$81
49 years$7,861$4,377$2,318$1,183$588$70
50 years$7,616$4,182$2,179$1,093$534$60

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 $2,891 every year, while hoping to spend $29,411 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: 63/11/26 Blend
65$7,800,000$7,800,000$7,800,000$7,800,000
66$8,598,582$8,185,182$8,064,282$9,080,859
67$9,444,344$8,554,963$8,303,142$9,777,577
68$10,375,389$8,941,877$8,549,019$10,534,757
69$11,400,383$9,346,734$8,802,115$11,361,175
70$12,528,877$9,770,379$9,062,642$12,263,616
71$13,771,397$10,213,702$9,330,814$13,249,548
72$15,139,537$10,677,631$9,606,854$14,327,188
73$16,646,076$11,163,141$9,890,991$15,505,582
74$18,305,096$11,671,255$10,183,458$16,794,685
75$20,132,110$12,203,041$10,484,499$18,205,460
76$22,144,217$12,759,621$10,794,361$19,749,971
77$24,360,255$13,342,171$11,113,300$21,441,502
78$26,800,985$13,951,921$11,441,580$23,294,680
79$29,489,283$14,590,163$11,779,470$25,325,608
80$32,450,357$15,258,249$12,127,250$27,552,017
81$35,711,986$15,957,595$12,485,205$29,993,435
82$39,304,779$16,689,687$12,853,630$32,671,362
83$43,262,467$17,456,083$13,232,827$35,609,479
84$47,622,221$18,258,413$13,623,109$38,833,861
85$52,424,999$19,098,387$14,024,795$42,373,231
86$57,715,938$19,977,797$14,438,214$46,259,218
87$63,544,776$20,898,521$14,863,706$50,526,662
88$69,966,322$21,862,528$15,301,620$55,213,937
89$77,040,975$22,871,880$15,752,313$60,363,309
90$84,835,293$23,928,740$16,216,153$66,021,335
91$93,422,619$25,035,375$16,693,521$72,239,298
92$102,883,778$26,194,160$17,184,806$79,073,690
93$113,307,835$27,407,585$17,690,408$86,586,740
94$124,792,937$28,678,260$18,210,740$94,847,002
95$137,447,243$30,008,921$18,746,226$103,929,994
96$151,389,939$31,402,435$19,297,301$113,918,912
97$166,752,367$32,861,809$19,864,415$124,905,407
98$183,679,263$34,390,192$20,448,028$136,990,452
99$202,330,124$35,990,888$21,048,613$150,285,289
100$222,880,714$37,667,358$21,666,658$164,912,472