Can I retire at age 64 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$635,859$630,195$624,669$619,275$614,009$597,711
2 years$314,782$308,919$303,237$297,729$292,385$276,079
3 years$207,770$201,882$196,215$190,758$185,501$169,697
4 years$154,274$148,405$142,794$137,430$132,301$117,120
5 years$122,186$116,351$110,814$105,559$100,573$86,058
6 years$100,800$95,009$89,554$84,417$79,580$65,744
7 years$85,531$79,789$74,420$69,404$64,720$51,564
8 years$74,084$68,394$63,114$58,221$53,691$41,210
9 years$65,185$59,549$54,360$49,591$45,216$33,397
10 years$58,071$52,490$47,392$42,748$38,526$27,355
11 years$52,254$46,728$41,723$37,204$33,134$22,593
12 years$47,409$41,941$37,029$32,633$28,713$18,784
13 years$43,314$37,902$33,083$28,810$25,038$15,700
14 years$39,806$34,452$29,725$25,574$21,948$13,179
15 years$36,769$31,473$26,838$22,808$19,325$11,102
16 years$34,114$28,876$24,332$20,422$17,080$9,380
17 years$31,774$26,593$22,141$18,349$15,144$7,945
18 years$29,696$24,573$20,212$16,536$13,465$6,743
19 years$27,839$22,774$18,503$14,942$12,002$5,732
20 years$26,170$21,163$16,981$13,533$10,720$4,880
21 years$24,662$19,713$15,620$12,282$9,594$4,160
22 years$23,292$18,401$14,396$11,167$8,599$3,549
23 years$22,044$17,210$13,292$10,170$7,719$3,031
24 years$20,901$16,125$12,293$9,275$6,938$2,591
25 years$19,852$15,132$11,386$8,471$6,243$2,216
26 years$18,885$14,222$10,560$7,745$5,624$1,896
27 years$17,990$13,384$9,806$7,090$5,070$1,623
28 years$17,162$12,612$9,116$6,496$4,575$1,390
29 years$16,391$11,898$8,483$5,957$4,131$1,191
30 years$15,674$11,236$7,901$5,467$3,733$1,020
31 years$15,004$10,622$7,366$5,021$3,375$874
32 years$14,377$10,051$6,873$4,614$3,053$750
33 years$13,790$9,518$6,417$4,243$2,763$643
34 years$13,238$9,021$5,996$3,904$2,501$551
35 years$12,719$8,556$5,606$3,594$2,266$473
36 years$12,229$8,121$5,244$3,310$2,053$406
37 years$11,768$7,713$4,908$3,050$1,860$348
38 years$11,331$7,330$4,596$2,811$1,687$298
39 years$10,918$6,970$4,306$2,592$1,529$256
40 years$10,527$6,632$4,036$2,391$1,387$220
41 years$10,156$6,313$3,785$2,206$1,259$189
42 years$9,803$6,012$3,550$2,035$1,142$162
43 years$9,468$5,728$3,331$1,879$1,036$139
44 years$9,149$5,460$3,127$1,735$941$119
45 years$8,845$5,207$2,936$1,602$854$102
46 years$8,554$4,967$2,758$1,480$775$88
47 years$8,278$4,740$2,591$1,367$704$75
48 years$8,013$4,525$2,435$1,263$639$65
49 years$7,760$4,321$2,289$1,168$581$55
50 years$7,518$4,128$2,152$1,079$528$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $7,700,000, adding $6,136 every year, while hoping to spend $32,732 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: 68/27/5 Blend
63$7,700,000$7,700,000$7,700,000$7,700,000
64$8,491,729$8,083,629$7,964,279$9,063,909
65$9,323,059$8,444,901$8,196,256$9,804,653
66$10,238,087$8,822,777$8,434,907$10,609,789
67$11,245,317$9,218,038$8,680,421$11,489,299
68$12,354,117$9,631,499$8,932,993$12,450,444
69$13,574,811$10,064,016$9,192,822$13,501,213
70$14,918,773$10,516,485$9,460,113$14,650,394
71$16,398,538$10,989,843$9,735,077$15,907,657
72$18,027,918$11,485,074$10,017,931$17,283,641
73$19,822,132$12,003,209$10,308,898$18,790,055
74$21,797,949$12,545,326$10,608,206$20,439,783
75$23,973,850$13,112,557$10,916,091$22,247,005
76$26,370,197$13,706,087$11,232,794$24,227,328
77$29,009,428$14,327,156$11,558,563$26,397,932
78$31,916,269$14,977,066$11,893,655$28,777,726
79$35,117,965$15,657,179$12,238,329$31,387,527
80$38,644,542$16,368,925$12,592,857$34,250,253
81$42,529,082$17,113,799$12,957,515$37,391,134
82$46,808,044$17,893,370$13,332,587$40,837,948
83$51,521,601$18,709,282$13,718,365$44,621,282
84$56,714,023$19,563,256$14,115,149$48,774,812
85$62,434,095$20,457,097$14,523,249$53,335,623
86$68,735,575$21,392,697$14,942,979$58,344,551
87$75,677,701$22,372,037$15,374,667$63,846,566
88$83,325,753$23,397,194$15,818,645$69,891,191
89$91,751,669$24,470,345$16,275,258$76,532,968
90$101,034,718$25,593,771$16,744,859$83,831,963
91$111,262,256$26,769,862$17,227,808$91,854,332
92$122,530,546$28,001,126$17,724,480$100,672,942
93$134,945,668$29,290,186$18,235,255$110,368,045
94$148,624,517$30,639,796$18,760,528$121,028,042
95$163,695,912$32,052,841$19,300,700$132,750,299
96$180,301,808$33,532,343$19,856,186$145,642,072
97$198,598,636$35,081,471$20,427,412$159,821,503
98$218,758,781$36,703,547$21,014,814$175,418,733
99$240,972,207$38,402,052$21,618,841$192,577,124
100$265,448,255$40,180,635$22,239,955$211,454,604