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%13.2%
1 years$635,859$630,195$624,669$619,275$614,009$605,834
2 years$314,782$308,919$303,237$297,729$292,385$284,162
3 years$207,770$201,882$196,215$190,758$185,501$177,486
4 years$154,274$148,405$142,794$137,430$132,301$124,555
5 years$122,186$116,351$110,814$105,559$100,573$93,119
6 years$100,800$95,009$89,554$84,417$79,580$72,426
7 years$85,531$79,789$74,420$69,404$64,720$57,869
8 years$74,084$68,394$63,114$58,221$53,691$47,143
9 years$65,185$59,549$54,360$49,591$45,216$38,967
10 years$58,071$52,490$47,392$42,748$38,526$32,573
11 years$52,254$46,728$41,723$37,204$33,134$27,470
12 years$47,409$41,941$37,029$32,633$28,713$23,332
13 years$43,314$37,902$33,083$28,810$25,038$19,933
14 years$39,806$34,452$29,725$25,574$21,948$17,111
15 years$36,769$31,473$26,838$22,808$19,325$14,748
16 years$34,114$28,876$24,332$20,422$17,080$12,754
17 years$31,774$26,593$22,141$18,349$15,144$11,061
18 years$29,696$24,573$20,212$16,536$13,465$9,616
19 years$27,839$22,774$18,503$14,942$12,002$8,377
20 years$26,170$21,163$16,981$13,533$10,720$7,311
21 years$24,662$19,713$15,620$12,282$9,594$6,391
22 years$23,292$18,401$14,396$11,167$8,599$5,593
23 years$22,044$17,210$13,292$10,170$7,719$4,901
24 years$20,901$16,125$12,293$9,275$6,938$4,299
25 years$19,852$15,132$11,386$8,471$6,243$3,774
26 years$18,885$14,222$10,560$7,745$5,624$3,316
27 years$17,990$13,384$9,806$7,090$5,070$2,915
28 years$17,162$12,612$9,116$6,496$4,575$2,564
29 years$16,391$11,898$8,483$5,957$4,131$2,257
30 years$15,674$11,236$7,901$5,467$3,733$1,987
31 years$15,004$10,622$7,366$5,021$3,375$1,750
32 years$14,377$10,051$6,873$4,614$3,053$1,542
33 years$13,790$9,518$6,417$4,243$2,763$1,359
34 years$13,238$9,021$5,996$3,904$2,501$1,198
35 years$12,719$8,556$5,606$3,594$2,266$1,057
36 years$12,229$8,121$5,244$3,310$2,053$932
37 years$11,768$7,713$4,908$3,050$1,860$822
38 years$11,331$7,330$4,596$2,811$1,687$726
39 years$10,918$6,970$4,306$2,592$1,529$640
40 years$10,527$6,632$4,036$2,391$1,387$565
41 years$10,156$6,313$3,785$2,206$1,259$499
42 years$9,803$6,012$3,550$2,035$1,142$440
43 years$9,468$5,728$3,331$1,879$1,036$389
44 years$9,149$5,460$3,127$1,735$941$343
45 years$8,845$5,207$2,936$1,602$854$303
46 years$8,554$4,967$2,758$1,480$775$268
47 years$8,278$4,740$2,591$1,367$704$236
48 years$8,013$4,525$2,435$1,263$639$209
49 years$7,760$4,321$2,289$1,168$581$184
50 years$7,518$4,128$2,152$1,079$528$163

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 $4,099 every year, while hoping to spend $23,238 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: 46/28/26 Blend
63$7,700,000$7,700,000$7,700,000$7,700,000
64$8,489,628$8,081,528$7,962,178$8,816,492
65$9,330,845$8,452,798$8,204,186$9,419,009
66$10,257,087$8,841,481$8,453,522$10,069,757
67$11,277,003$9,248,406$8,710,408$10,775,379
68$12,400,121$9,674,442$8,975,071$11,541,020
69$13,636,943$10,120,499$9,247,745$12,372,335
70$14,999,039$10,587,531$9,528,672$13,275,534
71$16,499,159$11,076,539$9,818,101$14,257,442
72$18,151,353$11,588,569$10,116,287$15,325,556
73$19,971,103$12,124,721$10,423,495$16,488,120
74$21,975,470$12,686,146$10,739,996$17,754,191
75$24,183,253$13,274,052$11,066,070$19,133,731
76$26,615,167$13,889,703$11,402,006$20,637,689
77$29,294,041$14,534,426$11,748,100$22,278,106
78$32,245,030$15,209,609$12,104,659$24,068,226
79$35,495,854$15,916,712$12,471,996$26,022,612
80$39,077,061$16,657,260$12,850,437$28,157,285
81$43,022,310$17,432,854$13,240,316$30,489,869
82$47,368,695$18,245,174$13,641,976$33,039,752
83$52,157,092$19,095,977$14,055,772$35,828,267
84$57,432,544$19,987,109$14,482,069$38,878,887
85$63,244,689$20,920,503$14,921,244$42,217,443
86$69,648,224$21,898,184$15,373,682$45,872,363
87$76,703,425$22,922,278$15,839,784$49,874,932
88$84,476,717$23,995,012$16,319,958$54,259,587
89$93,041,295$25,118,720$16,814,630$59,064,232
90$102,477,820$26,295,850$17,324,233$64,330,591
91$112,875,179$27,528,969$17,849,217$70,104,598
92$124,331,325$28,820,766$18,390,043$76,436,821
93$136,954,199$30,174,062$18,947,188$83,382,933
94$150,862,749$31,591,813$19,521,141$91,004,233
95$166,188,057$33,077,119$20,112,407$99,368,214
96$183,074,572$34,633,231$20,721,505$108,549,195
97$201,681,474$36,263,555$21,348,971$118,629,012
98$222,184,179$37,971,664$21,995,357$129,697,785
99$244,775,993$39,761,303$22,661,228$141,854,757
100$269,669,936$41,636,399$23,347,171$155,209,222