Can I retire at age 64 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%14.3%
1 years$619,343$613,826$608,444$603,190$598,061$587,428
2 years$306,605$300,895$295,361$289,995$284,791$274,115
3 years$202,373$196,638$191,118$185,803$180,683$170,296
4 years$150,267$144,550$139,085$133,860$128,865$118,847
5 years$119,012$113,329$107,936$102,818$97,961$88,341
6 years$98,182$92,542$87,228$82,224$77,513$68,302
7 years$83,309$77,716$72,487$67,601$63,039$54,239
8 years$72,160$66,617$61,475$56,709$52,297$43,907
9 years$63,492$58,002$52,948$48,303$44,041$36,056
10 years$56,562$51,126$46,161$41,638$37,526$29,937
11 years$50,896$45,515$40,640$36,237$32,273$25,074
12 years$46,178$40,851$36,067$31,785$27,967$21,147
13 years$42,189$36,918$32,223$28,062$24,388$17,937
14 years$38,772$33,557$28,953$24,910$21,378$15,284
15 years$35,814$30,655$26,140$22,215$18,823$13,074
16 years$33,228$28,126$23,700$19,891$16,636$11,220
17 years$30,948$25,903$21,566$17,872$14,751$9,655
18 years$28,925$23,935$19,687$16,106$13,116$8,327
19 years$27,116$22,183$18,023$14,554$11,690$7,196
20 years$25,490$20,613$16,540$13,181$10,442$6,229
21 years$24,021$19,201$15,214$11,963$9,344$5,400
22 years$22,687$17,923$14,022$10,877$8,376$4,687
23 years$21,471$16,763$12,947$9,906$7,519$4,072
24 years$20,358$15,706$11,974$9,035$6,758$3,541
25 years$19,336$14,739$11,090$8,251$6,081$3,082
26 years$18,394$13,852$10,285$7,544$5,478$2,684
27 years$17,523$13,037$9,551$6,905$4,939$2,339
28 years$16,716$12,284$8,879$6,327$4,456$2,039
29 years$15,966$11,589$8,262$5,802$4,024$1,778
30 years$15,267$10,945$7,696$5,325$3,636$1,552
31 years$14,614$10,346$7,175$4,890$3,287$1,355
32 years$14,004$9,790$6,694$4,494$2,973$1,183
33 years$13,431$9,271$6,251$4,133$2,691$1,033
34 years$12,894$8,787$5,840$3,803$2,436$902
35 years$12,388$8,334$5,460$3,500$2,207$788
36 years$11,912$7,910$5,108$3,224$1,999$689
37 years$11,462$7,513$4,781$2,970$1,812$602
38 years$11,037$7,140$4,477$2,738$1,643$526
39 years$10,635$6,789$4,194$2,524$1,490$460
40 years$10,254$6,460$3,931$2,328$1,351$402
41 years$9,892$6,149$3,686$2,148$1,226$352
42 years$9,549$5,856$3,458$1,983$1,112$308
43 years$9,222$5,580$3,245$1,830$1,010$269
44 years$8,911$5,319$3,046$1,690$916$235
45 years$8,615$5,072$2,860$1,561$832$206
46 years$8,332$4,838$2,686$1,442$755$180
47 years$8,063$4,617$2,524$1,332$686$157
48 years$7,805$4,408$2,372$1,231$623$138
49 years$7,558$4,209$2,229$1,137$566$120
50 years$7,323$4,021$2,096$1,051$514$105

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 $2,070 every year, while hoping to spend $33,700 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: 73/18/9 Blend
63$7,500,000$7,500,000$7,500,000$7,500,000
64$8,267,135$7,869,635$7,753,385$8,857,521
65$9,074,526$8,219,391$7,977,267$9,597,179
66$9,963,142$8,585,155$8,207,519$10,402,612
67$10,941,232$8,967,676$8,444,320$11,283,801
68$12,017,884$9,367,740$8,687,852$12,248,220
69$13,203,116$9,786,167$8,938,303$13,304,102
70$14,507,963$10,223,818$9,195,865$14,460,504
71$15,944,585$10,681,595$9,460,736$15,727,397
72$17,526,382$11,160,442$9,733,120$17,115,759
73$19,268,119$11,661,350$10,013,226$18,637,673
74$21,186,066$12,185,355$10,301,268$20,306,444
75$23,298,150$12,733,542$10,597,466$22,136,720
76$25,624,127$13,307,051$10,902,046$24,144,628
77$28,185,764$13,907,073$11,215,241$26,347,928
78$31,007,050$14,534,858$11,537,289$28,766,175
79$34,114,416$15,191,713$11,868,436$31,420,902
80$37,536,991$15,879,011$12,208,932$34,335,823
81$41,306,869$16,598,188$12,559,037$37,537,055
82$45,459,420$17,350,749$12,919,015$41,053,358
83$50,033,617$18,138,272$13,289,138$44,916,409
84$55,072,409$18,962,410$13,669,687$49,161,096
85$60,623,121$19,824,895$14,060,948$53,825,845
86$66,737,906$20,727,541$14,463,216$58,952,981
87$73,474,232$21,672,251$14,876,794$64,589,122
88$80,895,429$22,661,016$15,301,992$70,785,619
89$89,071,283$23,695,927$15,739,129$77,599,038
90$98,078,697$24,779,170$16,188,533$85,091,686
91$108,002,414$25,913,039$16,650,539$93,332,202
92$118,935,820$27,099,939$17,125,492$102,396,197
93$130,981,825$28,342,387$17,613,747$112,366,965
94$144,253,831$29,643,023$18,115,667$123,336,267
95$158,876,804$31,004,614$18,631,625$135,405,192
96$174,988,458$32,430,059$19,162,003$148,685,105
97$192,740,545$33,922,397$19,707,195$163,298,698
98$212,300,299$35,484,812$20,267,604$179,381,142
99$233,852,004$37,120,643$20,843,644$197,081,356
100$257,598,741$38,833,387$21,435,738$216,563,410