Can I retire at age 66 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$652,375$646,564$640,894$635,360$629,957$617,743
2 years$322,958$316,943$311,114$305,462$299,980$287,724
3 years$213,166$207,126$201,311$195,712$190,319$178,404
4 years$158,282$152,259$146,503$141,000$135,737$124,254
5 years$125,359$119,373$113,692$108,301$103,185$92,167
6 years$103,418$97,477$91,880$86,609$81,647$71,106
7 years$87,752$81,861$76,353$71,206$66,401$56,339
8 years$76,008$70,170$64,753$59,733$55,086$45,501
9 years$66,878$61,096$55,772$50,879$46,390$37,275
10 years$59,579$53,853$48,623$43,859$39,527$30,874
11 years$53,611$47,942$42,807$38,170$33,994$25,793
12 years$48,641$43,030$37,990$33,480$29,459$21,698
13 years$44,439$38,887$33,942$29,558$25,689$18,355
14 years$40,840$35,347$30,497$26,238$22,519$15,598
15 years$37,724$32,290$27,535$23,400$19,827$13,306
16 years$35,000$29,626$24,964$20,952$17,523$11,387
17 years$32,599$27,284$22,716$18,825$15,537$9,771
18 years$30,467$25,212$20,737$16,965$13,815$8,403
19 years$28,562$23,366$18,984$15,330$12,314$7,240
20 years$26,850$21,713$17,422$13,884$10,999$6,248
21 years$25,302$20,225$16,025$12,601$9,843$5,400
22 years$23,897$18,879$14,770$11,457$8,823$4,672
23 years$22,617$17,657$13,637$10,434$7,920$4,047
24 years$21,444$16,544$12,612$9,516$7,118$3,508
25 years$20,367$15,525$11,681$8,691$6,405$3,043
26 years$19,375$14,591$10,834$7,947$5,770$2,642
27 years$18,458$13,732$10,060$7,274$5,202$2,295
28 years$17,607$12,940$9,352$6,664$4,694$1,994
29 years$16,817$12,207$8,703$6,111$4,238$1,734
30 years$16,081$11,528$8,107$5,609$3,830$1,508
31 years$15,394$10,898$7,558$5,151$3,462$1,312
32 years$14,751$10,312$7,051$4,734$3,132$1,142
33 years$14,148$9,765$6,584$4,353$2,834$994
34 years$13,582$9,255$6,152$4,005$2,566$865
35 years$13,049$8,779$5,751$3,687$2,324$753
36 years$12,547$8,332$5,380$3,396$2,106$656
37 years$12,073$7,914$5,036$3,129$1,909$571
38 years$11,626$7,521$4,716$2,884$1,730$498
39 years$11,202$7,152$4,418$2,659$1,569$434
40 years$10,801$6,804$4,141$2,453$1,423$378
41 years$10,420$6,477$3,883$2,263$1,291$329
42 years$10,058$6,168$3,642$2,088$1,172$287
43 years$9,714$5,877$3,418$1,928$1,063$250
44 years$9,386$5,602$3,208$1,780$965$218
45 years$9,074$5,342$3,013$1,644$876$190
46 years$8,777$5,096$2,829$1,518$796$166
47 years$8,493$4,863$2,658$1,403$722$144
48 years$8,221$4,643$2,498$1,296$656$126
49 years$7,962$4,434$2,348$1,198$596$110
50 years$7,713$4,235$2,207$1,107$541$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $7,900,000, adding $4,415 every year, while hoping to spend $22,623 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: 71/8/21 Blend
65$7,900,000$7,900,000$7,900,000$7,900,000
66$8,710,354$8,291,654$8,169,204$9,283,614
67$9,574,739$8,673,874$8,418,802$10,048,561
68$10,526,534$9,074,065$8,676,003$10,882,733
69$11,574,629$9,493,084$8,941,038$11,795,535
70$12,728,824$9,931,827$9,214,145$12,794,760
71$13,999,914$10,391,236$9,495,569$13,888,988
72$15,399,797$10,872,299$9,785,562$15,087,665
73$16,941,582$11,376,048$10,084,384$16,401,193
74$18,639,717$11,903,567$10,392,304$17,841,022
75$20,510,119$12,455,993$10,709,597$19,419,764
76$22,570,330$13,034,515$11,036,548$21,151,304
77$24,839,681$13,640,383$11,373,449$23,050,937
78$27,339,471$14,274,905$11,720,603$25,135,503
79$30,093,173$14,939,452$12,078,319$27,423,549
80$33,126,653$15,635,461$12,446,919$29,935,504
81$36,468,413$16,364,440$12,826,732$32,693,868
82$40,149,862$17,127,969$13,218,099$35,723,420
83$44,205,612$17,927,703$13,621,369$39,051,458
84$48,673,803$18,765,379$14,036,903$42,708,047
85$53,596,464$19,642,816$14,465,073$46,726,305
86$59,019,912$20,561,922$14,906,261$51,142,714
87$64,995,185$21,524,698$15,360,863$55,997,462
88$71,578,526$22,533,240$15,829,284$61,334,817
89$78,831,913$23,589,747$16,311,942$67,203,550
90$86,823,645$24,696,522$16,809,270$73,657,384
91$95,628,987$25,855,981$17,321,710$80,755,508
92$105,330,878$27,070,659$17,849,722$88,563,127
93$116,020,715$28,343,208$18,393,775$97,152,078
94$127,799,217$29,676,415$18,954,356$106,601,504
95$140,777,375$31,073,197$19,531,964$116,998,599
96$155,077,498$32,536,614$20,127,116$128,439,431
97$170,834,370$34,069,875$20,740,341$141,029,840
98$188,196,520$35,676,343$21,372,187$154,886,441
99$207,327,626$37,359,546$22,023,216$170,137,717
100$228,408,060$39,123,179$22,694,010$186,925,230