Can I retire at age 64 with 7,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$619,343$613,826$608,444$603,190$598,061$595,540
2 years$306,605$300,895$295,361$289,995$284,791$282,247
3 years$202,373$196,638$191,118$185,803$180,683$178,193
4 years$150,267$144,550$139,085$133,860$128,865$126,449
5 years$119,012$113,329$107,936$102,818$97,961$95,626
6 years$98,182$92,542$87,228$82,224$77,513$75,262
7 years$83,309$77,716$72,487$67,601$63,039$60,873
8 years$72,160$66,617$61,475$56,709$52,297$50,217
9 years$63,492$58,002$52,948$48,303$44,041$42,046
10 years$56,562$51,126$46,161$41,638$37,526$35,614
11 years$50,896$45,515$40,640$36,237$32,273$30,445
12 years$46,178$40,851$36,067$31,785$27,967$26,220
13 years$42,189$36,918$32,223$28,062$24,388$22,720
14 years$38,772$33,557$28,953$24,910$21,378$19,789
15 years$35,814$30,655$26,140$22,215$18,823$17,310
16 years$33,228$28,126$23,700$19,891$16,636$15,196
17 years$30,948$25,903$21,566$17,872$14,751$13,383
18 years$28,925$23,935$19,687$16,106$13,116$11,817
19 years$27,116$22,183$18,023$14,554$11,690$10,459
20 years$25,490$20,613$16,540$13,181$10,442$9,276
21 years$24,021$19,201$15,214$11,963$9,344$8,241
22 years$22,687$17,923$14,022$10,877$8,376$7,333
23 years$21,471$16,763$12,947$9,906$7,519$6,534
24 years$20,358$15,706$11,974$9,035$6,758$5,829
25 years$19,336$14,739$11,090$8,251$6,081$5,205
26 years$18,394$13,852$10,285$7,544$5,478$4,653
27 years$17,523$13,037$9,551$6,905$4,939$4,162
28 years$16,716$12,284$8,879$6,327$4,456$3,726
29 years$15,966$11,589$8,262$5,802$4,024$3,338
30 years$15,267$10,945$7,696$5,325$3,636$2,992
31 years$14,614$10,346$7,175$4,890$3,287$2,684
32 years$14,004$9,790$6,694$4,494$2,973$2,408
33 years$13,431$9,271$6,251$4,133$2,691$2,161
34 years$12,894$8,787$5,840$3,803$2,436$1,941
35 years$12,388$8,334$5,460$3,500$2,207$1,743
36 years$11,912$7,910$5,108$3,224$1,999$1,567
37 years$11,462$7,513$4,781$2,970$1,812$1,408
38 years$11,037$7,140$4,477$2,738$1,643$1,266
39 years$10,635$6,789$4,194$2,524$1,490$1,138
40 years$10,254$6,460$3,931$2,328$1,351$1,024
41 years$9,892$6,149$3,686$2,148$1,226$921
42 years$9,549$5,856$3,458$1,983$1,112$828
43 years$9,222$5,580$3,245$1,830$1,010$745
44 years$8,911$5,319$3,046$1,690$916$671
45 years$8,615$5,072$2,860$1,561$832$604
46 years$8,332$4,838$2,686$1,442$755$543
47 years$8,063$4,617$2,524$1,332$686$489
48 years$7,805$4,408$2,372$1,231$623$440
49 years$7,558$4,209$2,229$1,137$566$396
50 years$7,323$4,021$2,096$1,051$514$357

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $7,500,000, adding $5,574 every year, while hoping to spend $54,087 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: 56/23/21 Blend
63$7,500,000$7,500,000$7,500,000$7,500,000
64$8,270,750$7,873,250$7,757,000$8,686,731
65$9,056,818$8,201,491$7,959,311$9,299,707
66$9,921,252$8,544,003$8,166,587$9,960,927
67$10,871,989$8,901,428$8,378,937$10,680,111
68$11,917,773$9,274,439$8,596,472$11,462,839
69$13,068,236$9,663,737$8,819,304$12,315,251
70$14,333,995$10,070,059$9,047,550$13,244,102
71$15,726,745$10,494,174$9,281,325$14,256,819
72$17,259,371$10,936,886$9,520,747$15,361,574
73$18,946,073$11,399,040$9,765,938$16,567,360
74$20,802,495$11,881,516$10,017,020$17,884,071
75$22,845,876$12,385,236$10,274,117$19,322,595
76$25,095,210$12,911,167$10,537,354$20,894,913
77$27,571,426$13,460,319$10,806,860$22,614,214
78$30,297,586$14,033,750$11,082,765$24,495,013
79$33,299,101$14,632,565$11,365,199$26,553,287
80$36,603,973$15,257,924$11,654,296$28,806,625
81$40,243,055$15,911,039$11,950,192$31,274,390
82$44,250,346$16,593,179$12,253,022$33,977,898
83$48,663,309$17,305,672$12,562,926$36,940,621
84$53,523,226$18,049,910$12,880,044$40,188,400
85$58,875,587$18,827,348$13,204,518$43,749,690
86$64,770,518$19,639,509$13,536,491$47,655,824
87$71,263,256$20,487,990$13,876,107$51,941,306
88$78,414,666$21,374,459$14,223,515$56,644,133
89$86,291,820$22,300,666$14,578,861$61,806,150
90$94,968,628$23,268,441$14,942,296$67,473,443
91$104,526,535$24,279,701$15,313,969$73,696,768
92$115,055,288$25,336,453$15,694,033$80,532,028
93$126,653,785$26,440,797$16,082,641$88,040,795
94$139,431,010$27,594,934$16,479,948$96,290,890
95$153,507,055$28,801,168$16,886,108$105,357,014
96$169,014,260$30,061,911$17,301,279$115,321,453
97$186,098,459$31,379,690$17,725,616$126,274,848
98$204,920,356$32,757,148$18,159,278$138,317,045
99$225,657,042$34,197,058$18,602,424$151,558,034
100$248,503,666$35,702,320$19,055,211$166,118,981