Can I retire at age 65 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$611,085$605,642$600,331$595,148$590,086$572,804
2 years$302,517$296,883$291,423$286,129$280,994$263,722
3 years$199,675$194,016$188,570$183,325$178,274$161,554
4 years$148,264$142,623$137,231$132,076$127,146$111,107
5 years$117,425$111,818$106,497$101,447$96,655$81,339
6 years$96,873$91,308$86,065$81,128$76,480$61,902
7 years$82,198$76,680$71,520$66,700$62,198$48,358
8 years$71,197$65,729$60,655$55,953$51,600$38,489
9 years$62,646$57,229$52,242$47,659$43,454$31,060
10 years$55,808$50,444$45,546$41,083$37,025$25,329
11 years$50,218$44,908$40,098$35,754$31,843$20,826
12 years$45,562$40,307$35,586$31,361$27,594$17,235
13 years$41,626$36,426$31,794$27,687$24,063$14,338
14 years$38,255$33,110$28,567$24,578$21,093$11,978
15 years$35,336$30,246$25,792$21,919$18,572$10,041
16 years$32,785$27,751$23,384$19,626$16,414$8,441
17 years$30,536$25,557$21,279$17,634$14,554$7,113
18 years$28,539$23,616$19,425$15,892$12,941$6,005
19 years$26,754$21,887$17,782$14,360$11,534$5,079
20 years$25,150$20,339$16,320$13,005$10,303$4,301
21 years$23,701$18,945$15,011$11,803$9,220$3,646
22 years$22,385$17,684$13,835$10,732$8,264$3,094
23 years$21,185$16,540$12,774$9,774$7,418$2,628
24 years$20,087$15,496$11,814$8,914$6,668$2,234
25 years$19,078$14,543$10,942$8,141$6,000$1,899
26 years$18,149$13,668$10,148$7,444$5,405$1,616
27 years$17,289$12,863$9,423$6,813$4,873$1,376
28 years$16,493$12,121$8,760$6,242$4,397$1,171
29 years$15,753$11,434$8,152$5,724$3,970$998
30 years$15,063$10,799$7,594$5,254$3,587$850
31 years$14,419$10,208$7,079$4,825$3,243$724
32 years$13,817$9,659$6,605$4,434$2,934$617
33 years$13,252$9,147$6,167$4,078$2,655$526
34 years$12,722$8,670$5,762$3,752$2,404$449
35 years$12,223$8,223$5,387$3,454$2,177$383
36 years$11,753$7,805$5,040$3,181$1,973$326
37 years$11,309$7,413$4,717$2,931$1,788$278
38 years$10,890$7,045$4,417$2,701$1,621$237
39 years$10,493$6,699$4,139$2,491$1,470$202
40 years$10,117$6,373$3,879$2,297$1,333$173
41 years$9,760$6,067$3,637$2,120$1,210$147
42 years$9,421$5,778$3,412$1,956$1,098$126
43 years$9,099$5,505$3,202$1,806$996$107
44 years$8,792$5,248$3,005$1,667$904$91
45 years$8,500$5,004$2,822$1,540$821$78
46 years$8,221$4,774$2,650$1,422$745$67
47 years$7,955$4,556$2,490$1,314$677$57
48 years$7,701$4,349$2,340$1,214$615$48
49 years$7,458$4,153$2,199$1,122$558$41
50 years$7,225$3,967$2,068$1,037$507$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,400,000, adding $2,761 every year, while hoping to spend $45,302 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: 43/45/12 Blend
64$7,400,000$7,400,000$7,400,000$7,400,000
65$8,157,648$7,765,448$7,650,748$8,479,909
66$8,941,527$8,097,754$7,858,847$9,037,602
67$9,803,844$8,444,825$8,072,399$9,636,645
68$10,752,550$8,807,336$8,291,539$10,284,609
69$11,796,409$9,185,994$8,516,405$10,985,999
70$12,945,076$9,581,540$8,747,137$11,745,755
71$14,209,187$9,994,750$8,983,880$12,569,304
72$15,600,465$10,426,433$9,226,780$13,462,600
73$17,131,824$10,877,440$9,475,990$14,432,182
74$18,817,496$11,348,660$9,731,661$15,485,234
75$20,673,160$11,841,024$9,993,951$16,629,645
76$22,716,095$12,355,507$10,263,020$17,874,082
77$24,965,338$12,893,128$10,539,034$19,228,069
78$27,441,869$13,454,958$10,822,157$20,702,071
79$30,168,803$14,042,114$11,112,563$22,307,594
80$33,171,612$14,655,769$11,410,425$24,057,280
81$36,478,364$15,297,149$11,715,921$25,965,032
82$40,119,986$15,967,539$12,029,234$28,046,135
83$44,130,560$16,668,284$12,350,549$30,317,397
84$48,547,641$17,400,793$12,680,056$32,797,300
85$53,412,610$18,166,541$13,017,947$35,506,177
86$58,771,069$18,967,074$13,364,421$38,466,389
87$64,673,267$19,804,010$13,719,679$41,702,537
88$71,174,578$20,679,044$14,083,925$45,241,685
89$78,336,018$21,593,951$14,457,370$49,113,612
90$86,224,826$22,550,589$14,840,227$53,351,082
91$94,915,097$23,550,906$15,232,713$57,990,153
92$104,488,479$24,596,943$15,635,050$63,070,506
93$115,034,945$25,690,834$16,047,466$68,635,811
94$126,653,642$26,834,818$16,470,189$74,734,136
95$139,453,829$28,031,239$16,903,455$81,418,390
96$153,555,902$29,282,552$17,347,504$88,746,813
97$169,092,537$30,591,330$17,802,578$96,783,519
98$186,209,937$31,960,267$18,268,926$105,599,091
99$205,069,216$33,392,186$18,746,801$115,271,238
100$225,847,917$34,890,043$19,236,459$125,885,520