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%17.7%
1 years$644,117$638,379$632,782$627,318$621,983$602,555
2 years$318,870$312,931$307,176$301,595$296,182$276,782
3 years$210,468$204,504$198,763$193,235$187,910$169,146
4 years$156,278$150,332$144,648$139,215$134,019$116,035
5 years$123,772$117,862$112,253$106,930$101,879$84,724
6 years$102,109$96,243$90,717$85,513$80,614$64,301
7 years$86,641$80,825$75,386$70,305$65,560$50,090
8 years$75,046$69,282$63,934$58,977$54,389$39,750
9 years$66,032$60,322$55,066$50,235$45,803$31,980
10 years$58,825$53,171$48,008$43,303$39,027$25,998
11 years$52,932$47,335$42,265$37,687$33,564$21,307
12 years$48,025$42,486$37,509$33,057$29,086$17,575
13 years$43,876$38,395$33,512$29,184$25,364$14,571
14 years$40,323$34,900$30,111$25,906$22,234$12,131
15 years$37,246$31,881$27,186$23,104$19,576$10,133
16 years$34,557$29,251$24,648$20,687$17,301$8,488
17 years$32,186$26,939$22,429$18,587$15,341$7,126
18 years$30,082$24,893$20,475$16,751$13,640$5,994
19 years$28,201$23,070$18,744$15,136$12,158$5,050
20 years$26,510$21,438$17,202$13,708$10,860$4,260
21 years$24,982$19,969$15,822$12,441$9,718$3,598
22 years$23,595$18,640$14,583$11,312$8,711$3,042
23 years$22,330$17,434$13,465$10,302$7,819$2,573
24 years$21,173$16,334$12,453$9,396$7,028$2,178
25 years$20,110$15,329$11,534$8,581$6,324$1,845
26 years$19,130$14,407$10,697$7,846$5,697$1,564
27 years$18,224$13,558$9,933$7,182$5,136$1,325
28 years$17,384$12,776$9,234$6,580$4,634$1,124
29 years$16,604$12,053$8,593$6,034$4,185$953
30 years$15,877$11,382$8,004$5,538$3,781$809
31 years$15,199$10,760$7,462$5,086$3,419$687
32 years$14,564$10,181$6,962$4,674$3,092$583
33 years$13,969$9,642$6,501$4,298$2,799$495
34 years$13,410$9,138$6,074$3,955$2,534$420
35 years$12,884$8,667$5,678$3,640$2,295$357
36 years$12,388$8,227$5,312$3,353$2,079$303
37 years$11,921$7,813$4,972$3,089$1,885$257
38 years$11,479$7,426$4,656$2,847$1,709$218
39 years$11,060$7,061$4,362$2,625$1,549$186
40 years$10,664$6,718$4,089$2,422$1,405$158
41 years$10,288$6,395$3,834$2,234$1,275$134
42 years$9,931$6,090$3,596$2,062$1,157$114
43 years$9,591$5,803$3,375$1,903$1,050$97
44 years$9,268$5,531$3,168$1,757$953$82
45 years$8,959$5,275$2,974$1,623$865$70
46 years$8,666$5,032$2,794$1,499$786$59
47 years$8,385$4,802$2,625$1,385$713$50
48 years$8,117$4,584$2,466$1,280$648$43
49 years$7,861$4,377$2,318$1,183$588$36
50 years$7,616$4,182$2,179$1,093$534$31

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 $3,766 every year, while hoping to spend $46,253 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: 55/20/25 Blend
63$7,800,000$7,800,000$7,800,000$7,800,000
64$8,599,485$8,186,085$8,065,185$9,013,142
65$9,427,419$8,537,990$8,286,155$9,649,820
66$10,338,253$8,905,588$8,512,979$10,337,719
67$11,340,393$9,289,600$8,745,801$11,085,956
68$12,443,101$9,690,779$8,984,774$11,900,342
69$13,656,585$10,109,914$9,230,051$12,787,269
70$14,992,089$10,547,832$9,481,790$13,753,766
71$16,462,004$11,005,398$9,740,152$14,807,568
72$18,079,983$11,483,517$10,005,302$15,957,181
73$19,861,070$11,983,138$10,277,408$17,211,967
74$21,821,841$12,505,254$10,556,643$18,582,225
75$23,980,561$13,050,904$10,843,183$20,079,290
76$26,357,357$13,621,177$11,137,209$21,715,635
77$28,974,405$14,217,213$11,438,903$23,504,988
78$31,856,144$14,840,205$11,748,456$25,462,461
79$35,029,499$15,491,405$12,066,058$27,604,687
80$38,524,144$16,172,119$12,391,907$29,949,974
81$42,372,774$16,883,721$12,726,203$32,518,480
82$46,611,419$17,627,644$13,069,152$35,332,396
83$51,279,778$18,405,394$13,420,964$38,416,155
84$56,421,601$19,218,544$13,781,852$41,796,658
85$62,085,096$20,068,743$14,152,035$45,503,528
86$68,323,384$20,957,720$14,531,737$49,569,381
87$75,195,005$21,887,284$14,921,185$54,030,138
88$82,764,463$22,859,329$15,320,613$58,925,352
89$91,102,843$23,875,841$15,730,259$64,298,585
90$100,288,475$24,938,899$16,150,364$70,197,813
91$110,407,675$26,050,680$16,581,176$76,675,873
92$121,555,561$27,213,467$17,022,949$83,790,960
93$133,836,950$28,429,649$17,475,940$91,607,173
94$147,367,347$29,701,729$17,940,411$100,195,111
95$162,274,033$31,032,331$18,416,632$109,632,540
96$178,697,271$32,424,202$18,904,876$120,005,121
97$196,791,624$33,880,219$19,405,421$131,407,211
98$216,727,420$35,403,400$19,918,552$143,942,750
99$238,692,352$36,996,902$20,444,560$157,726,240
100$262,893,258$38,664,036$20,983,738$172,883,815