Can I retire at age 65 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$578,053$572,904$567,881$562,978$558,190$555,838
2 years$286,165$280,836$275,670$270,662$265,805$263,430
3 years$188,882$183,529$178,377$173,416$168,637$166,314
4 years$140,249$134,913$129,813$124,936$120,274$118,019
5 years$111,078$105,774$100,740$95,963$91,430$89,251
6 years$91,636$86,372$81,413$76,743$72,346$70,245
7 years$77,755$72,535$67,655$63,094$58,836$56,815
8 years$67,349$62,176$57,376$52,928$48,810$46,869
9 years$59,259$54,135$49,418$45,083$41,105$39,243
10 years$52,792$47,718$43,084$38,862$35,024$33,240
11 years$47,503$42,480$37,930$33,822$30,122$28,415
12 years$43,099$38,128$33,662$29,666$26,103$24,472
13 years$39,376$34,457$30,075$26,191$22,762$21,206
14 years$36,187$31,320$27,023$23,249$19,953$18,469
15 years$33,426$28,611$24,398$20,734$17,568$16,156
16 years$31,013$26,250$22,120$18,565$15,527$14,183
17 years$28,885$24,176$20,128$16,681$13,767$12,491
18 years$26,996$22,339$18,375$15,033$12,241$11,029
19 years$25,308$20,704$16,821$13,583$10,911$9,762
20 years$23,791$19,239$15,438$12,302$9,746$8,658
21 years$22,420$17,921$14,200$11,165$8,721$7,692
22 years$21,175$16,728$13,087$10,152$7,817$6,844
23 years$20,040$15,645$12,084$9,245$7,017$6,098
24 years$19,001$14,659$11,175$8,432$6,307$5,440
25 years$18,047$13,757$10,351$7,701$5,676$4,858
26 years$17,168$12,929$9,600$7,041$5,112$4,343
27 years$16,355$12,168$8,914$6,445$4,609$3,885
28 years$15,601$11,466$8,287$5,905$4,159$3,478
29 years$14,901$10,816$7,712$5,415$3,756$3,116
30 years$14,249$10,215$7,183$4,970$3,393$2,793
31 years$13,640$9,657$6,697$4,564$3,068$2,505
32 years$13,070$9,137$6,248$4,195$2,775$2,247
33 years$12,536$8,653$5,834$3,857$2,512$2,017
34 years$12,034$8,201$5,451$3,549$2,274$1,812
35 years$11,562$7,779$5,096$3,267$2,060$1,627
36 years$11,118$7,383$4,767$3,009$1,866$1,462
37 years$10,698$7,012$4,462$2,772$1,691$1,314
38 years$10,301$6,664$4,179$2,555$1,533$1,181
39 years$9,926$6,337$3,915$2,356$1,390$1,062
40 years$9,570$6,029$3,669$2,173$1,261$955
41 years$9,233$5,739$3,441$2,005$1,144$859
42 years$8,912$5,466$3,228$1,850$1,038$773
43 years$8,607$5,208$3,029$1,708$942$696
44 years$8,317$4,964$2,843$1,577$855$626
45 years$8,041$4,734$2,669$1,457$776$563
46 years$7,777$4,516$2,507$1,345$705$507
47 years$7,525$4,309$2,355$1,243$640$456
48 years$7,285$4,114$2,213$1,149$581$411
49 years$7,055$3,928$2,080$1,062$528$370
50 years$6,834$3,753$1,956$981$480$333

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,000,000, adding $5,483 every year, while hoping to spend $41,263 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: 55/24/21 Blend
64$7,000,000$7,000,000$7,000,000$7,000,000
65$7,719,656$7,348,656$7,240,156$8,099,925
66$8,463,157$7,664,836$7,438,797$8,676,986
67$9,281,113$7,995,127$7,642,711$9,300,263
68$10,181,073$8,340,175$7,852,028$9,978,134
69$11,171,358$8,700,659$8,066,887$10,715,844
70$12,261,134$9,077,289$8,287,425$11,519,156
71$13,460,502$9,470,808$8,513,786$12,394,410
72$14,780,591$9,881,995$8,746,115$13,348,581
73$16,233,662$10,311,664$8,984,562$14,389,337
74$17,833,229$10,760,669$9,229,277$15,525,116
75$19,594,179$11,229,903$9,480,419$16,765,202
76$21,532,918$11,720,300$9,738,145$18,119,806
77$23,667,522$12,232,841$10,002,620$19,600,169
78$26,017,910$12,768,552$10,274,009$21,218,656
79$28,606,032$13,328,506$10,552,483$22,988,880
80$31,456,072$13,913,828$10,838,216$24,925,819
81$34,594,682$14,525,696$11,131,387$27,045,962
82$38,051,228$15,165,343$11,432,177$29,367,459
83$41,858,070$15,834,061$11,740,771$31,910,288
84$46,050,866$16,533,204$12,057,360$34,696,445
85$50,668,911$17,264,187$12,382,139$37,750,144
86$55,755,504$18,028,496$12,715,304$41,098,045
87$61,358,357$18,827,685$13,057,058$44,769,504
88$67,530,049$19,663,381$13,407,609$48,796,841
89$74,328,517$20,537,290$13,767,168$53,215,650
90$81,817,607$21,451,198$14,135,949$58,065,123
91$90,067,673$22,406,977$14,514,173$63,388,420
92$99,156,243$23,406,585$14,902,065$69,233,075
93$109,168,749$24,452,078$15,299,854$75,651,434
94$120,199,336$25,545,604$15,707,773$82,701,151
95$132,351,747$26,689,417$16,126,062$90,445,724
96$145,740,304$27,885,878$16,554,965$98,955,091
97$160,490,988$29,137,458$16,994,728$108,306,285
98$176,742,624$30,446,749$17,445,607$118,584,156
99$194,648,196$31,816,465$17,907,860$129,882,168
100$214,376,289$33,249,448$18,381,749$142,303,271