Can I retire at age 64 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$594,569$589,273$584,106$579,063$574,138$557,099
2 years$294,341$288,859$283,547$278,396$273,399$256,373
3 years$194,278$188,773$183,473$178,371$173,456$156,977
4 years$144,257$138,768$133,522$128,506$123,710$107,904
5 years$114,251$108,796$103,618$98,705$94,042$78,953
6 years$94,255$88,840$83,739$78,935$74,413$60,053
7 years$79,977$74,608$69,587$64,897$60,517$46,887
8 years$69,273$63,953$59,016$54,440$50,205$37,296
9 years$60,953$55,682$50,830$46,371$42,280$30,079
10 years$54,300$49,081$44,315$39,972$36,025$24,514
11 years$48,860$43,694$39,014$34,788$30,982$20,143
12 years$44,331$39,217$34,624$30,514$26,849$16,659
13 years$40,501$35,441$30,934$26,939$23,413$13,849
14 years$37,221$32,215$27,795$23,913$20,523$11,561
15 years$34,381$29,429$25,095$21,327$18,070$9,685
16 years$31,899$27,000$22,752$19,096$15,971$8,136
17 years$29,711$24,866$20,704$17,157$14,161$6,851
18 years$27,768$22,978$18,900$15,462$12,591$5,780
19 years$26,031$21,296$17,302$13,971$11,223$4,884
20 years$24,471$19,789$15,879$12,654$10,024$4,133
21 years$23,060$18,433$14,605$11,484$8,971$3,501
22 years$21,780$17,206$13,461$10,442$8,041$2,969
23 years$20,613$16,092$12,429$9,509$7,218$2,520
24 years$19,544$15,078$11,495$8,673$6,488$2,140
25 years$18,563$14,150$10,646$7,921$5,838$1,818
26 years$17,658$13,298$9,874$7,242$5,259$1,546
27 years$16,822$12,515$9,169$6,629$4,741$1,315
28 years$16,047$11,793$8,524$6,074$4,278$1,119
29 years$15,327$11,125$7,932$5,570$3,863$952
30 years$14,656$10,507$7,388$5,112$3,490$810
31 years$14,030$9,932$6,888$4,695$3,156$690
32 years$13,444$9,398$6,427$4,314$2,854$588
33 years$12,894$8,900$6,000$3,968$2,583$500
34 years$12,378$8,435$5,606$3,650$2,339$426
35 years$11,893$8,001$5,242$3,360$2,118$363
36 years$11,435$7,594$4,903$3,095$1,919$309
37 years$11,004$7,212$4,590$2,852$1,740$264
38 years$10,596$6,854$4,298$2,628$1,577$225
39 years$10,209$6,518$4,027$2,423$1,430$192
40 years$9,844$6,201$3,774$2,235$1,297$163
41 years$9,496$5,903$3,539$2,062$1,177$139
42 years$9,167$5,622$3,320$1,903$1,068$119
43 years$8,853$5,356$3,115$1,757$969$101
44 years$8,555$5,106$2,924$1,622$880$86
45 years$8,270$4,869$2,746$1,498$799$73
46 years$7,999$4,645$2,579$1,384$725$63
47 years$7,740$4,432$2,423$1,279$658$53
48 years$7,493$4,231$2,277$1,181$598$45
49 years$7,256$4,041$2,140$1,092$543$39
50 years$7,030$3,860$2,012$1,009$493$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $7,200,000, adding $3,950 every year, while hoping to spend $45,331 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: 72/9/19 Blend
63$7,200,000$7,200,000$7,200,000$7,200,000
64$7,938,474$7,556,874$7,445,274$8,473,796
65$8,699,967$7,878,929$7,646,459$9,152,310
66$9,537,612$8,215,246$7,852,865$9,889,342
67$10,459,131$8,566,475$8,064,617$10,695,384
68$11,473,027$8,933,297$8,281,847$11,577,274
69$12,588,674$9,316,426$8,504,687$12,542,542
70$13,816,396$9,716,609$8,733,271$13,599,478
71$15,167,572$10,134,626$8,967,740$14,757,211
72$16,654,738$10,571,297$9,208,232$16,025,793
73$18,291,707$11,027,476$9,454,894$17,416,292
74$20,093,700$11,504,061$9,707,872$18,940,900
75$22,077,488$12,001,990$9,967,316$20,613,041
76$24,261,550$12,522,246$10,233,379$22,447,500
77$26,666,250$13,065,858$10,506,219$24,460,564
78$29,314,024$13,633,902$10,785,995$26,670,167
79$32,229,598$14,227,507$11,072,869$29,096,066
80$35,440,215$14,847,853$11,367,008$31,760,021
81$38,975,896$15,496,176$11,668,582$34,686,002
82$42,869,721$16,173,772$11,977,762$37,900,412
83$47,158,142$16,881,996$12,294,727$41,432,338
84$51,881,326$17,622,268$12,619,654$45,313,818
85$57,083,537$18,396,075$12,952,728$49,580,150
86$62,813,548$19,204,973$13,294,134$54,270,216
87$69,125,106$20,050,593$13,644,064$59,426,853
88$76,077,437$20,934,642$14,002,711$65,097,253
89$83,735,805$21,858,909$14,370,271$71,333,406
90$92,172,129$22,825,267$14,746,947$78,192,591
91$101,465,659$23,835,678$15,132,942$85,737,916
92$111,703,726$24,892,196$15,528,466$94,038,907
93$122,982,565$25,996,973$15,933,729$103,172,167
94$135,408,226$27,152,264$16,348,948$113,222,094
95$149,097,570$28,360,429$16,774,342$124,281,677
96$164,179,374$29,623,943$17,210,135$136,453,370
97$180,795,548$30,945,394$17,656,553$149,850,062
98$199,102,474$32,327,498$18,113,827$164,596,131
99$219,272,478$33,773,097$18,582,192$180,828,624
100$241,495,461$35,285,170$19,061,886$198,698,545