Can I retire at age 65 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$627,601$622,011$616,556$611,233$606,035$585,932
2 years$310,694$304,907$299,299$293,862$288,588$268,530
3 years$205,072$199,260$193,666$188,280$183,092$163,708
4 years$152,271$146,477$140,940$135,645$130,583$112,022
5 years$120,599$114,840$109,375$104,189$99,267$81,578
6 years$99,491$93,775$88,391$83,320$78,547$61,744
7 years$84,420$78,753$73,453$68,502$63,879$47,961
8 years$73,122$67,505$62,294$57,465$52,994$37,948
9 years$64,339$58,776$53,654$48,947$44,629$30,437
10 years$57,317$51,808$46,777$42,193$38,026$24,667
11 years$51,575$46,121$41,182$36,721$32,704$20,151
12 years$46,794$41,396$36,548$32,209$28,340$16,566
13 years$42,751$37,410$32,653$28,436$24,713$13,688
14 years$39,289$34,005$29,339$25,242$21,663$11,356
15 years$36,291$31,064$26,489$22,511$19,074$9,452
16 years$33,671$28,501$24,016$20,157$16,858$7,889
17 years$31,361$26,248$21,854$18,110$14,947$6,599
18 years$29,310$24,254$19,950$16,321$13,290$5,530
19 years$27,477$22,479$18,263$14,748$11,846$4,642
20 years$25,830$20,888$16,761$13,357$10,581$3,901
21 years$24,341$19,457$15,417$12,122$9,469$3,282
22 years$22,990$18,162$14,209$11,022$8,488$2,763
23 years$21,758$16,987$13,119$10,038$7,619$2,329
24 years$20,630$15,915$12,133$9,155$6,848$1,963
25 years$19,594$14,936$11,238$8,361$6,162$1,656
26 years$18,639$14,037$10,422$7,645$5,551$1,398
27 years$17,757$13,211$9,678$6,997$5,004$1,180
28 years$16,939$12,448$8,997$6,411$4,516$997
29 years$16,179$11,744$8,373$5,879$4,077$842
30 years$15,470$11,091$7,799$5,396$3,684$712
31 years$14,809$10,484$7,271$4,955$3,331$601
32 years$14,190$9,920$6,784$4,554$3,013$508
33 years$13,610$9,395$6,334$4,188$2,727$430
34 years$13,066$8,904$5,918$3,853$2,469$363
35 years$12,553$8,445$5,533$3,547$2,236$307
36 years$12,071$8,016$5,176$3,267$2,026$260
37 years$11,615$7,613$4,845$3,010$1,836$220
38 years$11,184$7,235$4,537$2,774$1,665$186
39 years$10,777$6,880$4,250$2,558$1,510$157
40 years$10,390$6,546$3,984$2,359$1,369$133
41 years$10,024$6,231$3,736$2,177$1,242$112
42 years$9,676$5,934$3,504$2,009$1,127$95
43 years$9,345$5,654$3,288$1,855$1,023$80
44 years$9,030$5,389$3,087$1,712$929$68
45 years$8,730$5,139$2,898$1,581$843$58
46 years$8,443$4,903$2,722$1,461$765$49
47 years$8,170$4,679$2,557$1,350$695$41
48 years$7,909$4,466$2,403$1,247$631$35
49 years$7,659$4,265$2,259$1,153$573$29
50 years$7,420$4,074$2,124$1,065$521$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,600,000, adding $2,764 every year, while hoping to spend $57,119 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: 49/39/12 Blend
64$7,600,000$7,600,000$7,600,000$7,600,000
65$8,378,051$7,975,251$7,857,451$8,761,008
66$9,171,838$8,305,264$8,059,902$9,354,408
67$10,044,677$8,649,534$8,267,220$9,992,419
68$11,004,571$9,008,697$8,479,508$10,684,153
69$12,060,337$9,383,424$8,696,872$11,434,656
70$13,221,690$9,774,410$8,919,416$12,249,473
71$14,499,334$10,182,388$9,147,248$13,134,697
72$15,905,062$10,608,121$9,380,476$14,097,022
73$17,451,869$11,052,409$9,619,213$15,143,806
74$19,154,071$11,516,088$9,863,568$16,283,136
75$21,027,444$12,000,035$10,113,655$17,523,903
76$23,089,371$12,505,164$10,369,590$18,875,881
77$25,359,003$13,032,434$10,631,488$20,349,820
78$27,857,446$13,582,847$10,899,467$21,957,541
79$30,607,952$14,157,453$11,173,646$23,712,043
80$33,636,145$14,757,350$11,454,145$25,627,627
81$36,970,258$15,383,686$11,741,085$27,720,024
82$40,641,402$16,037,665$12,034,589$30,006,541
83$44,683,858$16,720,544$12,334,781$32,506,219
84$49,135,402$17,433,641$12,641,786$35,240,010
85$54,037,657$18,178,333$12,955,731$38,230,971
86$59,436,492$18,956,065$13,276,741$41,504,476
87$65,382,447$19,768,346$13,604,946$45,088,450
88$71,931,219$20,616,757$13,940,473$49,013,629
89$79,144,178$21,502,952$14,283,453$53,313,847
90$87,088,951$22,428,665$14,634,017$58,026,347
91$95,840,062$23,395,707$14,992,294$63,192,127
92$105,479,629$24,405,977$15,358,417$68,856,322
93$116,098,145$25,461,464$15,732,517$75,068,627
94$127,795,326$26,564,246$16,114,726$81,883,755
95$140,681,057$27,716,502$16,505,178$89,361,950
96$154,876,427$28,920,513$16,904,004$97,569,545
97$170,514,871$30,178,666$17,311,336$106,579,587
98$187,743,429$31,493,462$17,727,307$116,472,515
99$206,724,136$32,867,518$18,152,049$127,336,911
100$227,635,547$34,303,576$18,585,691$139,270,330