Can I retire at age 64 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$586,311$581,089$575,993$571,020$566,164$551,136
2 years$290,253$284,847$279,608$274,529$269,602$254,566
3 years$191,580$186,151$180,925$175,893$171,047$156,474
4 years$142,253$136,841$131,667$126,721$121,992$107,994
5 years$112,665$107,285$102,179$97,334$92,736$79,352
6 years$92,945$87,606$82,576$77,839$73,379$60,621
7 years$78,866$73,571$68,621$63,996$59,677$47,546
8 years$68,311$63,064$58,196$53,684$49,508$37,999
9 years$60,106$54,909$50,124$45,727$41,693$30,794
10 years$53,546$48,399$43,699$39,417$35,524$25,223
11 years$48,182$43,087$38,472$34,305$30,552$20,832
12 years$43,715$38,673$34,143$30,090$26,476$17,320
13 years$39,939$34,949$30,505$26,565$23,087$14,476
14 years$36,704$31,768$27,409$23,581$20,238$12,152
15 years$33,904$29,020$24,746$21,030$17,819$10,237
16 years$31,456$26,625$22,436$18,830$15,749$8,649
17 years$29,298$24,521$20,416$16,919$13,964$7,326
18 years$27,382$22,659$18,637$15,247$12,416$6,217
19 years$25,670$21,000$17,061$13,777$11,067$5,285
20 years$24,131$19,514$15,658$12,478$9,885$4,500
21 years$22,740$18,177$14,402$11,325$8,846$3,836
22 years$21,477$16,967$13,274$10,297$7,929$3,273
23 years$20,326$15,869$12,256$9,377$7,118$2,795
24 years$19,273$14,868$11,335$8,553$6,398$2,389
25 years$18,305$13,953$10,498$7,811$5,757$2,043
26 years$17,413$13,114$9,737$7,142$5,186$1,748
27 years$16,589$12,341$9,041$6,537$4,675$1,496
28 years$15,824$11,629$8,405$5,989$4,218$1,281
29 years$15,114$10,971$7,822$5,492$3,809$1,098
30 years$14,453$10,361$7,286$5,041$3,442$941
31 years$13,835$9,794$6,792$4,629$3,112$806
32 years$13,257$9,268$6,337$4,255$2,815$691
33 years$12,715$8,777$5,917$3,912$2,547$593
34 years$12,206$8,318$5,529$3,600$2,306$508
35 years$11,728$7,890$5,169$3,314$2,089$436
36 years$11,276$7,488$4,835$3,052$1,893$374
37 years$10,851$7,112$4,526$2,812$1,715$321
38 years$10,448$6,759$4,238$2,592$1,555$275
39 years$10,068$6,427$3,971$2,390$1,410$236
40 years$9,707$6,115$3,722$2,204$1,279$203
41 years$9,364$5,821$3,490$2,034$1,161$174
42 years$9,039$5,544$3,274$1,877$1,053$149
43 years$8,730$5,282$3,072$1,733$956$128
44 years$8,436$5,035$2,883$1,600$867$110
45 years$8,155$4,801$2,707$1,477$788$94
46 years$7,888$4,580$2,543$1,365$715$81
47 years$7,633$4,371$2,389$1,261$649$69
48 years$7,389$4,173$2,245$1,165$590$60
49 years$7,155$3,985$2,110$1,077$536$51
50 years$6,932$3,806$1,984$995$486$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $7,100,000, adding $4,716 every year, while hoping to spend $29,746 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: 51/24/25 Blend
63$7,100,000$7,100,000$7,100,000$7,100,000
64$7,829,065$7,452,765$7,342,715$8,173,222
65$8,595,980$7,786,301$7,557,046$8,746,227
66$9,440,123$8,135,183$7,777,561$9,365,534
67$10,369,341$8,500,132$8,004,434$10,038,346
68$11,392,278$8,881,903$8,237,847$10,769,756
69$12,518,461$9,281,286$8,477,985$11,565,366
70$13,758,385$9,699,111$8,725,039$12,431,334
71$15,123,618$10,136,245$8,979,205$13,374,430
72$16,626,903$10,593,597$9,240,685$14,402,096
73$18,282,285$11,072,121$9,509,686$15,522,519
74$20,105,239$11,572,815$9,786,421$16,744,704
75$22,112,815$12,096,726$10,071,108$18,078,553
76$24,323,805$12,644,948$10,363,973$19,534,961
77$26,758,914$13,218,631$10,665,246$21,125,913
78$29,440,957$13,818,978$10,975,166$22,864,599
79$32,395,076$14,447,249$11,293,976$24,765,527
80$35,648,977$15,104,768$11,621,927$26,844,666
81$39,233,188$15,792,917$11,959,277$29,119,590
82$43,181,351$16,513,147$12,306,291$31,609,640
83$47,530,538$17,266,980$12,663,240$34,336,103
84$52,321,599$18,056,009$13,030,405$37,322,413
85$57,599,551$18,881,903$13,408,073$40,594,365
86$63,414,001$19,746,411$13,796,539$44,180,354
87$69,819,612$20,651,369$14,196,107$48,111,644
88$76,876,624$21,598,697$14,607,087$52,422,654
89$84,651,416$22,590,409$15,029,801$57,151,282
90$93,217,138$23,628,617$15,464,577$62,339,255
91$102,654,399$24,715,532$15,911,753$68,032,522
92$113,052,027$25,853,473$16,371,677$74,281,679
93$124,507,911$27,044,870$16,844,705$81,142,445
94$137,129,919$28,292,269$17,331,203$88,676,182
95$151,036,921$29,598,341$17,831,548$96,950,465
96$166,359,909$30,965,882$18,346,128$106,039,720
97$183,243,234$32,397,825$18,875,338$116,025,915
98$201,845,969$33,897,244$19,419,587$126,999,332
99$222,343,409$35,467,359$19,979,294$139,059,410
100$244,928,726$37,111,549$20,554,889$152,315,677