Can I retire at age 64 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$644,117$638,379$632,782$627,318$621,983$617,287
2 years$318,870$312,931$307,176$301,595$296,182$291,448
3 years$210,468$204,504$198,763$193,235$187,910$183,284
4 years$156,278$150,332$144,648$139,215$134,019$129,537
5 years$123,772$117,862$112,253$106,930$101,879$97,554
6 years$102,109$96,243$90,717$85,513$80,614$76,451
7 years$86,641$80,825$75,386$70,305$65,560$61,562
8 years$75,046$69,282$63,934$58,977$54,389$50,555
9 years$66,032$60,322$55,066$50,235$45,803$42,133
10 years$58,825$53,171$48,008$43,303$39,027$35,517
11 years$52,932$47,335$42,265$37,687$33,564$30,214
12 years$48,025$42,486$37,509$33,057$29,086$25,891
13 years$43,876$38,395$33,512$29,184$25,364$22,321
14 years$40,323$34,900$30,111$25,906$22,234$19,340
15 years$37,246$31,881$27,186$23,104$19,576$16,827
16 years$34,557$29,251$24,648$20,687$17,301$14,693
17 years$32,186$26,939$22,429$18,587$15,341$12,868
18 years$30,082$24,893$20,475$16,751$13,640$11,299
19 years$28,201$23,070$18,744$15,136$12,158$9,944
20 years$26,510$21,438$17,202$13,708$10,860$8,768
21 years$24,982$19,969$15,822$12,441$9,718$7,744
22 years$23,595$18,640$14,583$11,312$8,711$6,850
23 years$22,330$17,434$13,465$10,302$7,819$6,067
24 years$21,173$16,334$12,453$9,396$7,028$5,379
25 years$20,110$15,329$11,534$8,581$6,324$4,774
26 years$19,130$14,407$10,697$7,846$5,697$4,241
27 years$18,224$13,558$9,933$7,182$5,136$3,770
28 years$17,384$12,776$9,234$6,580$4,634$3,354
29 years$16,604$12,053$8,593$6,034$4,185$2,985
30 years$15,877$11,382$8,004$5,538$3,781$2,659
31 years$15,199$10,760$7,462$5,086$3,419$2,369
32 years$14,564$10,181$6,962$4,674$3,092$2,112
33 years$13,969$9,642$6,501$4,298$2,799$1,883
34 years$13,410$9,138$6,074$3,955$2,534$1,680
35 years$12,884$8,667$5,678$3,640$2,295$1,499
36 years$12,388$8,227$5,312$3,353$2,079$1,338
37 years$11,921$7,813$4,972$3,089$1,885$1,194
38 years$11,479$7,426$4,656$2,847$1,709$1,066
39 years$11,060$7,061$4,362$2,625$1,549$952
40 years$10,664$6,718$4,089$2,422$1,405$851
41 years$10,288$6,395$3,834$2,234$1,275$760
42 years$9,931$6,090$3,596$2,062$1,157$679
43 years$9,591$5,803$3,375$1,903$1,050$607
44 years$9,268$5,531$3,168$1,757$953$542
45 years$8,959$5,275$2,974$1,623$865$485
46 years$8,666$5,032$2,794$1,499$786$433
47 years$8,385$4,802$2,625$1,385$713$387
48 years$8,117$4,584$2,466$1,280$648$346
49 years$7,861$4,377$2,318$1,183$588$309
50 years$7,616$4,182$2,179$1,093$534$277

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $7,800,000, adding $5,880 every year, while hoping to spend $47,093 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: 85/9/6 Blend
63$7,800,000$7,800,000$7,800,000$7,800,000
64$8,601,665$8,188,265$8,067,365$9,329,926
65$9,428,928$8,539,384$8,287,515$10,156,855
66$10,338,994$8,906,128$8,513,462$11,058,096
67$11,340,259$9,289,216$8,745,350$12,046,679
68$12,441,973$9,689,395$8,983,327$13,131,349
69$13,654,329$10,107,451$9,227,544$14,321,737
70$14,988,559$10,544,204$9,478,155$15,628,451
71$16,457,038$11,000,516$9,735,319$17,063,173
72$18,073,400$11,477,285$9,999,196$18,638,772
73$19,852,670$11,975,455$10,269,952$20,369,418
74$21,811,403$12,496,013$10,547,756$22,270,724
75$23,967,839$13,039,992$10,832,780$24,359,884
76$26,342,081$13,608,473$11,125,199$26,655,839
77$28,956,274$14,202,589$11,425,195$29,179,455
78$31,834,826$14,823,528$11,732,951$31,953,714
79$35,004,627$15,472,530$12,048,654$35,003,936
80$38,495,312$16,150,897$12,372,496$38,358,013
81$42,339,533$16,859,990$12,704,675$42,046,673
82$46,573,273$17,601,237$13,045,388$46,103,767
83$51,236,180$18,376,130$13,394,842$50,566,588
84$56,371,944$19,186,235$13,753,243$55,476,223
85$62,028,712$20,033,190$14,120,806$60,877,935
86$68,259,535$20,918,710$14,497,748$66,821,597
87$75,122,875$21,844,594$14,884,289$73,362,151
88$82,683,152$22,812,724$15,280,657$80,560,134
89$91,011,357$23,825,071$15,687,083$88,482,241
90$100,185,716$24,883,700$16,103,801$97,201,959
91$110,292,433$25,990,775$16,531,052$106,800,252
92$121,426,500$27,148,561$16,969,081$117,366,331
93$133,692,595$28,359,433$17,418,137$128,998,486
94$147,206,070$29,625,876$17,878,475$141,805,019
95$162,094,040$30,950,494$18,350,355$155,905,260
96$178,496,581$32,336,017$18,834,040$171,430,693
97$196,568,053$33,785,303$19,329,802$188,526,195
98$216,478,557$35,301,345$19,837,912$207,351,398
99$238,415,540$36,887,282$20,358,653$228,082,198
100$262,585,565$38,546,398$20,892,307$250,912,411