Can I retire at age 64 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$602,827$597,458$592,219$587,105$582,112$568,502
2 years$298,429$292,871$287,485$282,262$277,196$263,561
3 years$196,977$191,395$186,022$180,848$175,865$162,631
4 years$146,260$140,695$135,376$130,291$125,428$112,698
5 years$115,838$110,307$105,057$100,076$95,349$83,157
6 years$95,564$90,074$84,902$80,031$75,446$63,807
7 years$81,087$75,644$70,554$65,798$61,358$50,272
8 years$70,235$64,841$59,835$55,197$50,902$40,365
9 years$61,799$56,456$51,536$47,015$42,867$32,870
10 years$55,054$49,763$44,930$40,528$36,525$27,058
11 years$49,539$44,301$39,556$35,271$31,413$22,462
12 years$44,947$39,762$35,105$30,938$27,221$18,773
13 years$41,064$35,933$31,364$27,313$23,738$15,775
14 years$37,738$32,662$28,181$24,246$20,808$13,315
15 years$34,859$29,838$25,443$21,623$18,321$11,280
16 years$32,342$27,376$23,068$19,361$16,192$9,585
17 years$30,123$25,212$20,991$17,396$14,357$8,165
18 years$28,153$23,297$19,162$15,677$12,766$6,971
19 years$26,393$21,591$17,542$14,165$11,378$5,962
20 years$24,810$20,064$16,099$12,830$10,163$5,107
21 years$23,381$18,689$14,808$11,644$9,095$4,380
22 years$22,082$17,445$13,648$10,587$8,153$3,760
23 years$20,899$16,316$12,602$9,642$7,318$3,232
24 years$19,816$15,287$11,654$8,794$6,578$2,779
25 years$18,821$14,346$10,794$8,031$5,919$2,392
26 years$17,904$13,483$10,011$7,343$5,332$2,060
27 years$17,056$12,689$9,296$6,721$4,807$1,775
28 years$16,270$11,957$8,642$6,158$4,337$1,530
29 years$15,540$11,280$8,042$5,647$3,916$1,319
30 years$14,860$10,653$7,491$5,183$3,539$1,138
31 years$14,225$10,070$6,984$4,760$3,199$982
32 years$13,630$9,529$6,516$4,374$2,894$847
33 years$13,073$9,024$6,084$4,023$2,619$731
34 years$12,550$8,552$5,684$3,701$2,371$631
35 years$12,058$8,112$5,314$3,407$2,148$545
36 years$11,594$7,699$4,972$3,138$1,946$471
37 years$11,156$7,313$4,653$2,891$1,764$407
38 years$10,743$6,950$4,358$2,665$1,599$351
39 years$10,351$6,608$4,083$2,457$1,450$303
40 years$9,980$6,287$3,827$2,266$1,315$262
41 years$9,628$5,985$3,588$2,091$1,193$226
42 years$9,294$5,700$3,366$1,930$1,083$196
43 years$8,976$5,431$3,158$1,781$983$169
44 years$8,673$5,177$2,965$1,645$892$146
45 years$8,385$4,936$2,784$1,519$810$126
46 years$8,110$4,709$2,615$1,403$735$109
47 years$7,848$4,494$2,456$1,296$668$94
48 years$7,597$4,290$2,308$1,198$606$81
49 years$7,357$4,097$2,170$1,107$551$70
50 years$7,127$3,913$2,040$1,023$500$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $7,300,000, adding $2,405 every year, while hoping to spend $33,484 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: 29/44/27 Blend
63$7,300,000$7,300,000$7,300,000$7,300,000
64$8,047,081$7,660,181$7,547,031$8,213,131
65$8,832,256$7,999,903$7,764,230$8,683,761
66$9,696,397$8,355,149$7,987,582$9,186,284
67$10,647,523$8,726,645$8,217,260$9,725,872
68$11,694,470$9,115,150$8,453,437$10,305,750
69$12,846,974$9,521,460$8,696,295$10,929,446
70$14,115,763$9,946,409$8,946,018$11,600,825
71$15,512,657$10,390,870$9,202,797$12,324,122
72$17,050,683$10,855,757$9,466,825$13,103,975
73$18,744,193$11,342,030$9,738,305$13,945,470
74$20,609,004$11,850,692$10,017,440$14,854,182
75$22,662,541$12,382,795$10,304,443$15,836,225
76$24,924,008$12,939,440$10,599,531$16,898,305
77$27,414,567$13,521,783$10,902,925$18,047,779
78$30,157,535$14,131,032$11,214,855$19,292,722
79$33,178,606$14,768,454$11,535,555$20,641,996
80$36,506,093$15,435,379$11,865,266$22,105,328
81$40,171,198$16,133,195$12,204,235$23,693,401
82$44,208,299$16,863,361$12,552,716$25,417,947
83$48,655,284$17,627,404$12,910,970$27,291,849
84$53,553,900$18,426,923$13,279,265$29,329,264
85$58,950,151$19,263,597$13,657,874$31,545,743
86$64,894,734$20,139,180$14,047,080$33,958,379
87$71,443,511$21,055,514$14,447,172$36,585,954
88$78,658,044$22,014,529$14,858,446$39,449,115
89$86,606,169$23,018,245$15,281,208$42,570,559
90$95,362,640$24,068,781$15,715,771$45,975,242
91$105,009,834$25,168,356$16,162,454$49,690,603
92$115,638,528$26,319,297$16,621,588$53,746,820
93$127,348,757$27,524,041$17,093,509$58,177,080
94$140,250,754$28,785,143$17,578,566$63,017,889
95$154,465,997$30,105,281$18,077,114$68,309,402
96$170,128,349$31,487,260$18,589,517$74,095,797
97$187,385,325$32,934,021$19,116,151$80,425,680
98$206,399,486$34,448,645$19,657,400$87,352,530
99$227,349,968$36,034,363$20,213,657$94,935,198
100$250,434,177$37,694,560$20,785,327$103,238,446