Can I retire at age 66 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$619,343$613,826$608,444$603,190$598,061$575,925
2 years$306,605$300,895$295,361$289,995$284,791$262,739
3 years$202,373$196,638$191,118$185,803$180,683$159,410
4 years$150,267$144,550$139,085$133,860$128,865$108,531
5 years$119,012$113,329$107,936$102,818$97,961$78,620
6 years$98,182$92,542$87,228$82,224$77,513$59,179
7 years$83,309$77,716$72,487$67,601$63,039$45,707
8 years$72,160$66,617$61,475$56,709$52,297$35,951
9 years$63,492$58,002$52,948$48,303$44,041$28,660
10 years$56,562$51,126$46,161$41,638$37,526$23,080
11 years$50,896$45,515$40,640$36,237$32,273$18,732
12 years$46,178$40,851$36,067$31,785$27,967$15,298
13 years$42,189$36,918$32,223$28,062$24,388$12,554
14 years$38,772$33,557$28,953$24,910$21,378$10,343
15 years$35,814$30,655$26,140$22,215$18,823$8,548
16 years$33,228$28,126$23,700$19,891$16,636$7,083
17 years$30,948$25,903$21,566$17,872$14,751$5,881
18 years$28,925$23,935$19,687$16,106$13,116$4,892
19 years$27,116$22,183$18,023$14,554$11,690$4,075
20 years$25,490$20,613$16,540$13,181$10,442$3,399
21 years$24,021$19,201$15,214$11,963$9,344$2,837
22 years$22,687$17,923$14,022$10,877$8,376$2,370
23 years$21,471$16,763$12,947$9,906$7,519$1,982
24 years$20,358$15,706$11,974$9,035$6,758$1,658
25 years$19,336$14,739$11,090$8,251$6,081$1,387
26 years$18,394$13,852$10,285$7,544$5,478$1,162
27 years$17,523$13,037$9,551$6,905$4,939$973
28 years$16,716$12,284$8,879$6,327$4,456$815
29 years$15,966$11,589$8,262$5,802$4,024$683
30 years$15,267$10,945$7,696$5,325$3,636$572
31 years$14,614$10,346$7,175$4,890$3,287$480
32 years$14,004$9,790$6,694$4,494$2,973$402
33 years$13,431$9,271$6,251$4,133$2,691$337
34 years$12,894$8,787$5,840$3,803$2,436$283
35 years$12,388$8,334$5,460$3,500$2,207$237
36 years$11,912$7,910$5,108$3,224$1,999$199
37 years$11,462$7,513$4,781$2,970$1,812$167
38 years$11,037$7,140$4,477$2,738$1,643$140
39 years$10,635$6,789$4,194$2,524$1,490$117
40 years$10,254$6,460$3,931$2,328$1,351$98
41 years$9,892$6,149$3,686$2,148$1,226$83
42 years$9,549$5,856$3,458$1,983$1,112$69
43 years$9,222$5,580$3,245$1,830$1,010$58
44 years$8,911$5,319$3,046$1,690$916$49
45 years$8,615$5,072$2,860$1,561$832$41
46 years$8,332$4,838$2,686$1,442$755$34
47 years$8,063$4,617$2,524$1,332$686$29
48 years$7,805$4,408$2,372$1,231$623$24
49 years$7,558$4,209$2,229$1,137$566$20
50 years$7,323$4,021$2,096$1,051$514$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $7,500,000, adding $6,088 every year, while hoping to spend $44,210 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: 35/49/16 Blend
65$7,500,000$7,500,000$7,500,000$7,500,000
66$8,271,280$7,873,780$7,757,530$8,519,811
67$9,067,911$8,212,556$7,970,368$9,039,870
68$9,944,317$8,566,450$8,188,854$9,596,031
69$10,908,588$8,936,157$8,413,132$10,195,169
70$11,969,639$9,322,403$8,643,346$10,841,121
71$13,137,290$9,725,949$8,879,646$11,538,091
72$14,422,364$10,147,591$9,122,185$12,290,688
73$15,836,785$10,588,163$9,371,118$13,103,965
74$17,393,693$11,048,539$9,626,606$13,983,465
75$19,107,564$11,529,631$9,888,812$14,935,270
76$20,994,351$12,032,399$10,157,903$15,966,052
77$23,071,632$12,557,843$10,434,049$17,083,134
78$25,358,774$13,107,014$10,717,426$18,294,554
79$27,877,121$13,681,009$11,008,212$19,609,140
80$30,650,190$14,280,981$11,306,589$21,036,584
81$33,703,894$14,908,134$11,612,744$22,587,530
82$37,066,789$15,563,730$11,926,869$24,273,674
83$40,770,339$16,249,090$12,249,157$26,107,863
84$44,849,218$16,965,600$12,579,808$28,104,214
85$49,341,631$17,714,708$12,919,025$30,278,243
86$54,289,682$18,497,933$13,267,016$32,647,004
87$59,739,763$19,316,865$13,623,994$35,229,243
88$65,742,996$20,173,169$13,990,176$38,045,571
89$72,355,718$21,068,590$14,365,783$41,118,648
90$79,640,006$22,004,955$14,751,041$44,473,396
91$87,664,267$22,984,179$15,146,182$48,137,221
92$96,503,883$24,008,265$15,551,440$52,140,268
93$106,241,924$25,079,314$15,967,057$56,515,696
94$116,969,925$26,199,526$16,393,279$61,299,982
95$128,788,760$27,371,205$16,830,356$66,533,259
96$141,809,584$28,596,765$17,278,544$72,259,684
97$156,154,890$29,878,735$17,738,104$78,527,843
98$171,959,661$31,219,764$18,209,302$85,391,208
99$189,372,642$32,622,629$18,692,410$92,908,620
100$208,557,751$34,090,237$19,187,705$101,144,844