Can I retire at age 66 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%16.4%
1 years$611,085$605,642$600,331$595,148$590,086$574,656
2 years$302,517$296,883$291,423$286,129$280,994$265,553
3 years$199,675$194,016$188,570$183,325$178,274$163,306
4 years$148,264$142,623$137,231$132,076$127,146$112,766
5 years$117,425$111,818$106,497$101,447$96,655$82,902
6 years$96,873$91,308$86,065$81,128$76,480$63,368
7 years$82,198$76,680$71,520$66,700$62,198$49,729
8 years$71,197$65,729$60,655$55,953$51,600$39,766
9 years$62,646$57,229$52,242$47,659$43,454$32,246
10 years$55,808$50,444$45,546$41,083$37,025$26,429
11 years$50,218$44,908$40,098$35,754$31,843$21,842
12 years$45,562$40,307$35,586$31,361$27,594$18,171
13 years$41,626$36,426$31,794$27,687$24,063$15,198
14 years$38,255$33,110$28,567$24,578$21,093$12,767
15 years$35,336$30,246$25,792$21,919$18,572$10,763
16 years$32,785$27,751$23,384$19,626$16,414$9,100
17 years$30,536$25,557$21,279$17,634$14,554$7,713
18 years$28,539$23,616$19,425$15,892$12,941$6,551
19 years$26,754$21,887$17,782$14,360$11,534$5,573
20 years$25,150$20,339$16,320$13,005$10,303$4,748
21 years$23,701$18,945$15,011$11,803$9,220$4,051
22 years$22,385$17,684$13,835$10,732$8,264$3,459
23 years$21,185$16,540$12,774$9,774$7,418$2,956
24 years$20,087$15,496$11,814$8,914$6,668$2,529
25 years$19,078$14,543$10,942$8,141$6,000$2,164
26 years$18,149$13,668$10,148$7,444$5,405$1,853
27 years$17,289$12,863$9,423$6,813$4,873$1,588
28 years$16,493$12,121$8,760$6,242$4,397$1,361
29 years$15,753$11,434$8,152$5,724$3,970$1,167
30 years$15,063$10,799$7,594$5,254$3,587$1,001
31 years$14,419$10,208$7,079$4,825$3,243$858
32 years$13,817$9,659$6,605$4,434$2,934$736
33 years$13,252$9,147$6,167$4,078$2,655$632
34 years$12,722$8,670$5,762$3,752$2,404$542
35 years$12,223$8,223$5,387$3,454$2,177$466
36 years$11,753$7,805$5,040$3,181$1,973$400
37 years$11,309$7,413$4,717$2,931$1,788$343
38 years$10,890$7,045$4,417$2,701$1,621$295
39 years$10,493$6,699$4,139$2,491$1,470$253
40 years$10,117$6,373$3,879$2,297$1,333$217
41 years$9,760$6,067$3,637$2,120$1,210$187
42 years$9,421$5,778$3,412$1,956$1,098$160
43 years$9,099$5,505$3,202$1,806$996$138
44 years$8,792$5,248$3,005$1,667$904$118
45 years$8,500$5,004$2,822$1,540$821$102
46 years$8,221$4,774$2,650$1,422$745$87
47 years$7,955$4,556$2,490$1,314$677$75
48 years$7,701$4,349$2,340$1,214$615$64
49 years$7,458$4,153$2,199$1,122$558$55
50 years$7,225$3,967$2,068$1,037$507$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $7,400,000, adding $4,222 every year, while hoping to spend $25,400 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: 47/36/17 Blend
65$7,400,000$7,400,000$7,400,000$7,400,000
66$8,159,155$7,766,955$7,652,255$8,503,218
67$8,964,363$8,120,510$7,881,580$9,096,312
68$9,850,852$8,490,539$8,117,736$9,736,750
69$10,826,884$8,877,820$8,360,926$10,431,319
70$11,901,565$9,283,173$8,611,356$11,185,080
71$13,084,930$9,707,453$8,869,242$12,003,593
72$14,388,034$10,151,560$9,134,803$12,892,962
73$15,823,061$10,616,434$9,408,266$13,859,892
74$17,403,435$11,103,061$9,689,864$14,911,749
75$19,143,950$11,612,475$9,979,839$16,056,629
76$21,060,906$12,145,759$10,278,437$17,303,426
77$23,172,266$12,704,049$10,585,912$18,661,919
78$25,497,824$13,288,534$10,902,527$20,142,854
79$28,059,391$13,900,462$11,228,551$21,758,047
80$30,881,003$14,541,139$11,564,262$23,520,488
81$33,989,146$15,211,935$11,909,945$25,444,465
82$37,413,005$15,914,286$12,265,894$27,545,686
83$41,184,742$16,649,697$12,632,412$29,841,432
84$45,339,798$17,419,744$13,009,810$32,350,709
85$49,917,228$18,226,081$13,398,409$35,094,426
86$54,960,067$19,070,442$13,798,538$38,095,585
87$60,515,741$19,954,641$14,210,536$41,379,496
88$66,636,512$20,880,583$14,634,754$44,974,006
89$73,379,968$21,850,263$15,071,550$48,909,761
90$80,809,572$22,865,774$15,521,295$53,220,485
91$88,995,259$23,929,307$15,984,368$57,943,296
92$98,014,093$25,043,161$16,461,163$63,119,045
93$107,951,000$26,209,746$16,952,082$68,792,700
94$118,899,566$27,431,587$17,457,540$75,013,758
95$130,962,918$28,711,331$17,977,963$81,836,709
96$144,254,703$30,051,754$18,513,793$89,321,541
97$158,900,157$31,455,764$19,065,480$97,534,296
98$175,037,290$32,926,413$19,633,490$106,547,689
99$192,818,183$34,466,898$20,218,302$116,441,780
100$212,410,431$36,080,569$20,820,408$127,304,727