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%16%
1 years$627,601$622,011$616,556$611,233$606,035$591,144
2 years$310,694$304,907$299,299$293,862$288,588$273,678
3 years$205,072$199,260$193,666$188,280$183,092$168,628
4 years$152,271$146,477$140,940$135,645$130,583$116,677
5 years$120,599$114,840$109,375$104,189$99,267$85,958
6 years$99,491$93,775$88,391$83,320$78,547$65,847
7 years$84,420$78,753$73,453$68,502$63,879$51,792
8 years$73,122$67,505$62,294$57,465$52,994$41,513
9 years$64,339$58,776$53,654$48,947$44,629$33,744
10 years$57,317$51,808$46,777$42,193$38,026$27,725
11 years$51,575$46,121$41,182$36,721$32,704$22,972
12 years$46,794$41,396$36,548$32,209$28,340$19,162
13 years$42,751$37,410$32,653$28,436$24,713$16,070
14 years$39,289$34,005$29,339$25,242$21,663$13,536
15 years$36,291$31,064$26,489$22,511$19,074$11,443
16 years$33,671$28,501$24,016$20,157$16,858$9,703
17 years$31,361$26,248$21,854$18,110$14,947$8,248
18 years$29,310$24,254$19,950$16,321$13,290$7,026
19 years$27,477$22,479$18,263$14,748$11,846$5,995
20 years$25,830$20,888$16,761$13,357$10,581$5,123
21 years$24,341$19,457$15,417$12,122$9,469$4,384
22 years$22,990$18,162$14,209$11,022$8,488$3,755
23 years$21,758$16,987$13,119$10,038$7,619$3,220
24 years$20,630$15,915$12,133$9,155$6,848$2,763
25 years$19,594$14,936$11,238$8,361$6,162$2,372
26 years$18,639$14,037$10,422$7,645$5,551$2,038
27 years$17,757$13,211$9,678$6,997$5,004$1,752
28 years$16,939$12,448$8,997$6,411$4,516$1,506
29 years$16,179$11,744$8,373$5,879$4,077$1,296
30 years$15,470$11,091$7,799$5,396$3,684$1,115
31 years$14,809$10,484$7,271$4,955$3,331$959
32 years$14,190$9,920$6,784$4,554$3,013$826
33 years$13,610$9,395$6,334$4,188$2,727$711
34 years$13,066$8,904$5,918$3,853$2,469$612
35 years$12,553$8,445$5,533$3,547$2,236$527
36 years$12,071$8,016$5,176$3,267$2,026$454
37 years$11,615$7,613$4,845$3,010$1,836$391
38 years$11,184$7,235$4,537$2,774$1,665$337
39 years$10,777$6,880$4,250$2,558$1,510$291
40 years$10,390$6,546$3,984$2,359$1,369$250
41 years$10,024$6,231$3,736$2,177$1,242$216
42 years$9,676$5,934$3,504$2,009$1,127$186
43 years$9,345$5,654$3,288$1,855$1,023$160
44 years$9,030$5,389$3,087$1,712$929$138
45 years$8,730$5,139$2,898$1,581$843$119
46 years$8,443$4,903$2,722$1,461$765$103
47 years$8,170$4,679$2,557$1,350$695$88
48 years$7,909$4,466$2,403$1,247$631$76
49 years$7,659$4,265$2,259$1,153$573$66
50 years$7,420$4,074$2,124$1,065$521$57

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 $4,273 every year, while hoping to spend $44,058 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: 47/40/13 Blend
63$7,600,000$7,600,000$7,600,000$7,600,000
64$8,379,608$7,976,808$7,859,008$8,742,783
65$9,187,450$8,320,794$8,075,407$9,338,295
66$10,076,216$8,680,159$8,297,579$9,979,368
67$11,054,113$9,055,609$8,525,671$10,674,153
68$12,130,184$9,447,886$8,759,833$11,427,667
69$13,314,394$9,857,763$9,000,218$12,245,414
70$14,617,722$10,286,053$9,246,985$13,133,445
71$16,052,264$10,733,605$9,500,294$14,098,402
72$17,631,352$11,201,308$9,760,310$15,147,585
73$19,369,672$11,690,094$10,027,202$16,289,015
74$21,283,407$12,200,938$10,301,143$17,531,507
75$23,390,392$12,734,861$10,582,308$18,884,749
76$25,710,276$13,292,933$10,870,879$20,359,392
77$28,264,711$13,876,273$11,167,040$21,967,146
78$31,077,555$14,486,055$11,470,981$23,720,885
79$34,175,100$15,123,506$11,782,893$25,634,768
80$37,586,315$15,789,912$12,102,975$27,724,365
81$41,343,123$16,486,622$12,431,428$30,006,804
82$45,480,700$17,215,044$12,768,459$32,500,922
83$50,037,807$17,976,658$13,114,278$35,227,446
84$55,057,159$18,773,010$13,469,102$38,209,177
85$60,585,824$19,605,721$13,833,151$41,471,202
86$66,675,666$20,476,489$14,206,650$45,041,128
87$73,383,839$21,387,093$14,589,828$48,949,334
88$80,773,326$22,339,395$14,982,922$53,229,255
89$88,913,526$23,335,347$15,386,171$57,917,687
90$97,880,918$24,376,991$15,799,820$63,055,131
91$107,759,778$25,466,470$16,224,121$68,686,170
92$118,642,974$26,606,026$16,659,328$74,859,881
93$130,632,845$27,798,009$17,105,703$81,630,289
94$143,842,164$29,044,880$17,563,512$89,056,872
95$158,395,203$30,349,218$18,033,029$97,205,117
96$174,428,909$31,713,724$18,514,530$106,147,122
97$192,094,190$33,141,229$19,008,299$115,962,277
98$211,557,346$34,634,698$19,514,626$126,737,998
99$233,001,635$36,197,238$20,033,806$138,570,544
100$256,629,003$37,832,104$20,566,139$151,565,919