Can I retire at age 64 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$627,601$622,011$616,556$611,233$606,035$595,995
2 years$310,694$304,907$299,299$293,862$288,588$278,502
3 years$205,072$199,260$193,666$188,280$183,092$173,274
4 years$152,271$146,477$140,940$135,645$130,583$121,109
5 years$120,599$114,840$109,375$104,189$99,267$90,164
6 years$99,491$93,775$88,391$83,320$78,547$69,825
7 years$84,420$78,753$73,453$68,502$63,879$55,542
8 years$73,122$67,505$62,294$57,465$52,994$45,039
9 years$64,339$58,776$53,654$48,947$44,629$37,052
10 years$57,317$51,808$46,777$42,193$38,026$30,821
11 years$51,575$46,121$41,182$36,721$32,704$25,863
12 years$46,794$41,396$36,548$32,209$28,340$21,855
13 years$42,751$37,410$32,653$28,436$24,713$18,573
14 years$39,289$34,005$29,339$25,242$21,663$15,859
15 years$36,291$31,064$26,489$22,511$19,074$13,594
16 years$33,671$28,501$24,016$20,157$16,858$11,691
17 years$31,361$26,248$21,854$18,110$14,947$10,082
18 years$29,310$24,254$19,950$16,321$13,290$8,714
19 years$27,477$22,479$18,263$14,748$11,846$7,547
20 years$25,830$20,888$16,761$13,357$10,581$6,548
21 years$24,341$19,457$15,417$12,122$9,469$5,689
22 years$22,990$18,162$14,209$11,022$8,488$4,949
23 years$21,758$16,987$13,119$10,038$7,619$4,310
24 years$20,630$15,915$12,133$9,155$6,848$3,756
25 years$19,594$14,936$11,238$8,361$6,162$3,277
26 years$18,639$14,037$10,422$7,645$5,551$2,861
27 years$17,757$13,211$9,678$6,997$5,004$2,499
28 years$16,939$12,448$8,997$6,411$4,516$2,184
29 years$16,179$11,744$8,373$5,879$4,077$1,910
30 years$15,470$11,091$7,799$5,396$3,684$1,670
31 years$14,809$10,484$7,271$4,955$3,331$1,462
32 years$14,190$9,920$6,784$4,554$3,013$1,279
33 years$13,610$9,395$6,334$4,188$2,727$1,120
34 years$13,066$8,904$5,918$3,853$2,469$981
35 years$12,553$8,445$5,533$3,547$2,236$859
36 years$12,071$8,016$5,176$3,267$2,026$753
37 years$11,615$7,613$4,845$3,010$1,836$660
38 years$11,184$7,235$4,537$2,774$1,665$578
39 years$10,777$6,880$4,250$2,558$1,510$507
40 years$10,390$6,546$3,984$2,359$1,369$444
41 years$10,024$6,231$3,736$2,177$1,242$389
42 years$9,676$5,934$3,504$2,009$1,127$341
43 years$9,345$5,654$3,288$1,855$1,023$299
44 years$9,030$5,389$3,087$1,712$929$262
45 years$8,730$5,139$2,898$1,581$843$230
46 years$8,443$4,903$2,722$1,461$765$202
47 years$8,170$4,679$2,557$1,350$695$177
48 years$7,909$4,466$2,403$1,247$631$155
49 years$7,659$4,265$2,259$1,153$573$136
50 years$7,420$4,074$2,124$1,065$521$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $7,600,000, adding $6,856 every year, while hoping to spend $50,306 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: 58/29/13 Blend
63$7,600,000$7,600,000$7,600,000$7,600,000
64$8,382,272$7,979,472$7,861,672$8,840,753
65$9,183,739$8,316,941$8,071,513$9,488,583
66$10,065,269$8,669,260$8,286,697$10,188,243
67$11,034,976$9,037,103$8,507,351$10,949,724
68$12,101,799$9,421,177$8,733,603$11,778,971
69$13,275,587$9,822,220$8,965,584$12,682,523
70$14,567,194$10,241,005$9,203,428$13,667,568
71$15,988,575$10,678,342$9,447,270$14,742,015
72$17,552,907$11,135,077$9,697,250$15,914,561
73$19,274,705$11,612,098$9,953,510$17,194,773
74$21,169,966$12,110,332$10,216,194$18,593,176
75$23,256,315$12,630,750$10,485,448$20,121,352
76$25,553,172$13,174,370$10,761,424$21,792,043
77$28,081,937$13,742,256$11,044,273$23,619,272
78$30,866,190$14,335,521$11,334,152$25,618,469
79$33,931,913$14,955,334$11,631,218$27,806,618
80$37,307,737$15,602,915$11,935,633$30,202,413
81$41,025,211$16,279,542$12,247,561$32,826,428
82$45,119,098$16,986,554$12,567,169$35,701,313
83$49,627,704$17,725,354$12,894,628$38,852,001
84$54,593,242$18,497,408$13,230,110$42,305,944
85$60,062,225$19,304,254$13,573,791$46,093,361
86$66,085,909$20,147,500$13,925,850$50,247,528
87$72,720,776$21,028,831$14,286,470$54,805,081
88$80,029,063$21,950,011$14,655,834$59,806,363
89$88,079,354$22,912,889$15,034,132$65,295,798
90$96,947,226$23,919,398$15,421,553$71,322,305
91$106,715,960$24,971,565$15,818,292$77,939,757
92$117,477,328$26,071,513$16,224,545$85,207,484
93$129,332,461$27,221,462$16,640,513$93,190,827
94$142,392,799$28,423,741$17,066,397$101,961,750
95$156,781,147$29,680,787$17,502,404$111,599,514
96$172,632,832$30,995,153$17,948,742$122,191,420
97$190,096,979$32,369,513$18,405,623$133,833,626
98$209,337,920$33,806,669$18,873,260$146,632,045
99$230,536,745$35,309,553$19,351,872$160,703,347
100$253,893,010$36,881,238$19,841,677$176,176,044