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%15%
1 years$627,601$622,011$616,556$611,233$606,035$593,556
2 years$310,694$304,907$299,299$293,862$288,588$276,072
3 years$205,072$199,260$193,666$188,280$183,092$170,930
4 years$152,271$146,477$140,940$135,645$130,583$118,869
5 years$120,599$114,840$109,375$104,189$99,267$88,034
6 years$99,491$93,775$88,391$83,320$78,547$67,806
7 years$84,420$78,753$73,453$68,502$63,879$53,634
8 years$73,122$67,505$62,294$57,465$52,994$43,241
9 years$64,339$58,776$53,654$48,947$44,629$35,361
10 years$57,317$51,808$46,777$42,193$38,026$29,234
11 years$51,575$46,121$41,182$36,721$32,704$24,377
12 years$46,794$41,396$36,548$32,209$28,340$20,466
13 years$42,751$37,410$32,653$28,436$24,713$17,279
14 years$39,289$34,005$29,339$25,242$21,663$14,654
15 years$36,291$31,064$26,489$22,511$19,074$12,475
16 years$33,671$28,501$24,016$20,157$16,858$10,653
17 years$31,361$26,248$21,854$18,110$14,947$9,121
18 years$29,310$24,254$19,950$16,321$13,290$7,827
19 years$27,477$22,479$18,263$14,748$11,846$6,729
20 years$25,830$20,888$16,761$13,357$10,581$5,794
21 years$24,341$19,457$15,417$12,122$9,469$4,996
22 years$22,990$18,162$14,209$11,022$8,488$4,313
23 years$21,758$16,987$13,119$10,038$7,619$3,727
24 years$20,630$15,915$12,133$9,155$6,848$3,223
25 years$19,594$14,936$11,238$8,361$6,162$2,789
26 years$18,639$14,037$10,422$7,645$5,551$2,416
27 years$17,757$13,211$9,678$6,997$5,004$2,093
28 years$16,939$12,448$8,997$6,411$4,516$1,815
29 years$16,179$11,744$8,373$5,879$4,077$1,574
30 years$15,470$11,091$7,799$5,396$3,684$1,365
31 years$14,809$10,484$7,271$4,955$3,331$1,185
32 years$14,190$9,920$6,784$4,554$3,013$1,029
33 years$13,610$9,395$6,334$4,188$2,727$893
34 years$13,066$8,904$5,918$3,853$2,469$776
35 years$12,553$8,445$5,533$3,547$2,236$674
36 years$12,071$8,016$5,176$3,267$2,026$585
37 years$11,615$7,613$4,845$3,010$1,836$508
38 years$11,184$7,235$4,537$2,774$1,665$442
39 years$10,777$6,880$4,250$2,558$1,510$384
40 years$10,390$6,546$3,984$2,359$1,369$334
41 years$10,024$6,231$3,736$2,177$1,242$290
42 years$9,676$5,934$3,504$2,009$1,127$252
43 years$9,345$5,654$3,288$1,855$1,023$219
44 years$9,030$5,389$3,087$1,712$929$190
45 years$8,730$5,139$2,898$1,581$843$166
46 years$8,443$4,903$2,722$1,461$765$144
47 years$8,170$4,679$2,557$1,350$695$125
48 years$7,909$4,466$2,403$1,247$631$109
49 years$7,659$4,265$2,259$1,153$573$95
50 years$7,420$4,074$2,124$1,065$521$82

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 $6,587 every year, while hoping to spend $47,950 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: 59/22/19 Blend
63$7,600,000$7,600,000$7,600,000$7,600,000
64$8,381,994$7,979,194$7,861,394$8,834,421
65$9,185,940$8,319,157$8,073,733$9,481,753
66$10,070,280$8,674,170$8,291,577$10,181,564
67$11,043,165$9,044,921$8,515,062$10,943,690
68$12,113,575$9,432,129$8,744,323$11,774,160
69$13,291,403$9,836,546$8,979,501$12,679,608
70$14,587,549$10,258,961$9,220,738$13,667,333
71$16,014,027$10,700,197$9,468,180$14,745,362
72$17,584,069$11,161,118$9,721,976$15,922,530
73$19,312,258$11,642,627$9,982,276$17,208,555
74$21,214,663$12,145,671$10,249,237$18,614,134
75$23,308,989$12,671,239$10,523,017$20,151,039
76$25,614,745$13,220,369$10,803,777$21,832,225
77$28,153,428$13,794,145$11,091,682$23,671,951
78$30,948,724$14,393,705$11,386,901$25,685,914
79$34,026,736$15,020,239$11,689,603$27,891,393
80$37,416,224$15,674,991$11,999,966$30,307,410
81$41,148,880$16,359,268$12,318,167$32,954,907
82$45,259,628$17,074,434$12,644,387$35,856,942
83$49,786,950$17,821,920$12,978,814$39,038,901
84$54,773,249$18,603,225$13,321,635$42,528,738
85$60,265,255$19,419,917$13,673,043$46,357,234
86$66,314,456$20,273,638$14,033,236$50,558,286
87$72,977,594$21,166,110$14,402,412$55,169,221
88$80,317,192$22,099,133$14,780,776$60,231,148
89$88,402,149$23,074,594$15,168,536$65,789,338
90$97,308,389$24,094,470$15,565,903$71,893,655
91$107,119,576$25,160,830$15,973,092$78,599,015
92$117,927,905$26,275,843$16,390,323$85,965,904
93$129,834,970$27,441,778$16,817,818$94,060,947
94$142,952,727$28,661,015$17,255,804$102,957,526
95$157,404,543$29,936,043$17,704,512$112,736,475
96$173,326,371$31,269,473$18,164,177$123,486,835
97$190,868,021$32,664,038$18,635,038$135,306,689
98$210,194,584$34,122,601$19,117,336$148,304,083
99$231,487,985$35,648,161$19,611,320$162,598,042
100$254,948,699$37,243,861$20,117,239$178,319,686