Can I retire at age 65 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%14.5%
1 years$652,375$646,564$640,894$635,360$629,957$618,250
2 years$322,958$316,943$311,114$305,462$299,980$288,228
3 years$213,166$207,126$201,311$195,712$190,319$178,890
4 years$158,282$152,259$146,503$141,000$135,737$124,719
5 years$125,359$119,373$113,692$108,301$103,185$92,609
6 years$103,418$97,477$91,880$86,609$81,647$71,524
7 years$87,752$81,861$76,353$71,206$66,401$56,734
8 years$76,008$70,170$64,753$59,733$55,086$45,873
9 years$66,878$61,096$55,772$50,879$46,390$37,626
10 years$59,579$53,853$48,623$43,859$39,527$31,202
11 years$53,611$47,942$42,807$38,170$33,994$26,100
12 years$48,641$43,030$37,990$33,480$29,459$21,985
13 years$44,439$38,887$33,942$29,558$25,689$18,622
14 years$40,840$35,347$30,497$26,238$22,519$15,847
15 years$37,724$32,290$27,535$23,400$19,827$13,537
16 years$35,000$29,626$24,964$20,952$17,523$11,601
17 years$32,599$27,284$22,716$18,825$15,537$9,969
18 years$30,467$25,212$20,737$16,965$13,815$8,585
19 years$28,562$23,366$18,984$15,330$12,314$7,408
20 years$26,850$21,713$17,422$13,884$10,999$6,403
21 years$25,302$20,225$16,025$12,601$9,843$5,542
22 years$23,897$18,879$14,770$11,457$8,823$4,803
23 years$22,617$17,657$13,637$10,434$7,920$4,166
24 years$21,444$16,544$12,612$9,516$7,118$3,617
25 years$20,367$15,525$11,681$8,691$6,405$3,143
26 years$19,375$14,591$10,834$7,947$5,770$2,733
27 years$18,458$13,732$10,060$7,274$5,202$2,378
28 years$17,607$12,940$9,352$6,664$4,694$2,070
29 years$16,817$12,207$8,703$6,111$4,238$1,802
30 years$16,081$11,528$8,107$5,609$3,830$1,570
31 years$15,394$10,898$7,558$5,151$3,462$1,368
32 years$14,751$10,312$7,051$4,734$3,132$1,193
33 years$14,148$9,765$6,584$4,353$2,834$1,040
34 years$13,582$9,255$6,152$4,005$2,566$907
35 years$13,049$8,779$5,751$3,687$2,324$791
36 years$12,547$8,332$5,380$3,396$2,106$690
37 years$12,073$7,914$5,036$3,129$1,909$602
38 years$11,626$7,521$4,716$2,884$1,730$525
39 years$11,202$7,152$4,418$2,659$1,569$458
40 years$10,801$6,804$4,141$2,453$1,423$400
41 years$10,420$6,477$3,883$2,263$1,291$349
42 years$10,058$6,168$3,642$2,088$1,172$305
43 years$9,714$5,877$3,418$1,928$1,063$266
44 years$9,386$5,602$3,208$1,780$965$232
45 years$9,074$5,342$3,013$1,644$876$203
46 years$8,777$5,096$2,829$1,518$796$177
47 years$8,493$4,863$2,658$1,403$722$155
48 years$8,221$4,643$2,498$1,296$656$135
49 years$7,962$4,434$2,348$1,198$596$118
50 years$7,713$4,235$2,207$1,107$541$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,900,000, adding $4,119 every year, while hoping to spend $42,607 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: 63/12/25 Blend
64$7,900,000$7,900,000$7,900,000$7,900,000
65$8,710,049$8,291,349$8,168,899$9,201,059
66$9,553,140$8,652,291$8,397,223$9,894,705
67$10,480,799$9,029,492$8,631,769$10,646,937
68$11,501,606$9,423,703$8,872,699$11,467,631
69$12,625,016$9,835,710$9,120,180$12,363,496
70$13,861,446$10,266,339$9,374,385$13,341,911
71$15,222,376$10,716,452$9,635,489$14,411,000
72$16,720,453$11,186,953$9,903,673$15,579,704
73$18,369,614$11,678,788$10,179,120$16,857,867
74$20,185,215$12,192,949$10,462,021$18,256,322
75$22,184,177$12,730,474$10,752,569$19,786,999
76$24,385,146$13,292,449$11,050,963$21,463,031
77$26,808,666$13,880,014$11,357,405$23,298,877
78$29,477,376$14,494,362$11,672,105$25,310,458
79$32,416,223$15,136,740$11,995,275$27,515,306
80$35,652,696$15,808,458$12,327,134$29,932,727
81$39,217,084$16,510,886$12,667,907$32,583,981
82$43,142,766$17,245,458$13,017,821$35,492,481
83$47,466,522$18,013,680$13,377,112$38,684,011
84$52,228,881$18,817,124$13,746,019$42,186,971
85$57,474,506$19,657,442$14,124,790$46,032,638
86$63,252,610$20,536,362$14,513,675$50,255,464
87$69,617,426$21,455,692$14,912,932$54,893,392
88$76,628,714$22,417,332$15,322,826$59,988,221
89$84,352,327$23,423,266$15,743,625$65,585,991
90$92,860,836$24,475,577$16,175,608$71,737,415
91$102,234,206$25,576,445$16,619,055$78,498,360
92$112,560,559$26,728,155$17,074,258$85,930,367
93$123,937,002$27,933,100$17,541,511$94,101,233
94$136,470,543$29,193,789$18,021,118$103,085,642
95$150,279,101$30,512,848$18,513,389$112,965,873
96$165,492,623$31,893,031$19,018,641$123,832,570
97$182,254,303$33,337,222$19,537,198$135,785,595
98$200,721,940$34,848,444$20,069,392$148,934,968
99$221,069,423$36,429,862$20,615,562$163,401,899
100$243,488,375$38,084,797$21,176,054$179,319,934