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%15.1%
1 years$644,117$638,379$632,782$627,318$621,983$608,927
2 years$318,870$312,931$307,176$301,595$296,182$283,090
3 years$210,468$204,504$198,763$193,235$187,910$175,190
4 years$156,278$150,332$144,648$139,215$134,019$121,770
5 years$123,772$117,862$112,253$106,930$101,879$90,135
6 years$102,109$96,243$90,717$85,513$80,614$69,387
7 years$86,641$80,825$75,386$70,305$65,560$54,853
8 years$75,046$69,282$63,934$58,977$54,389$44,198
9 years$66,032$60,322$55,066$50,235$45,803$36,122
10 years$58,825$53,171$48,008$43,303$39,027$29,845
11 years$52,932$47,335$42,265$37,687$33,564$24,870
12 years$48,025$42,486$37,509$33,057$29,086$20,867
13 years$43,876$38,395$33,512$29,184$25,364$17,605
14 years$40,323$34,900$30,111$25,906$22,234$14,921
15 years$37,246$31,881$27,186$23,104$19,576$12,693
16 years$34,557$29,251$24,648$20,687$17,301$10,832
17 years$32,186$26,939$22,429$18,587$15,341$9,268
18 years$30,082$24,893$20,475$16,751$13,640$7,947
19 years$28,201$23,070$18,744$15,136$12,158$6,827
20 years$26,510$21,438$17,202$13,708$10,860$5,874
21 years$24,982$19,969$15,822$12,441$9,718$5,061
22 years$23,595$18,640$14,583$11,312$8,711$4,365
23 years$22,330$17,434$13,465$10,302$7,819$3,769
24 years$21,173$16,334$12,453$9,396$7,028$3,257
25 years$20,110$15,329$11,534$8,581$6,324$2,817
26 years$19,130$14,407$10,697$7,846$5,697$2,438
27 years$18,224$13,558$9,933$7,182$5,136$2,110
28 years$17,384$12,776$9,234$6,580$4,634$1,828
29 years$16,604$12,053$8,593$6,034$4,185$1,584
30 years$15,877$11,382$8,004$5,538$3,781$1,373
31 years$15,199$10,760$7,462$5,086$3,419$1,191
32 years$14,564$10,181$6,962$4,674$3,092$1,033
33 years$13,969$9,642$6,501$4,298$2,799$896
34 years$13,410$9,138$6,074$3,955$2,534$777
35 years$12,884$8,667$5,678$3,640$2,295$675
36 years$12,388$8,227$5,312$3,353$2,079$586
37 years$11,921$7,813$4,972$3,089$1,885$508
38 years$11,479$7,426$4,656$2,847$1,709$441
39 years$11,060$7,061$4,362$2,625$1,549$383
40 years$10,664$6,718$4,089$2,422$1,405$333
41 years$10,288$6,395$3,834$2,234$1,275$289
42 years$9,931$6,090$3,596$2,062$1,157$251
43 years$9,591$5,803$3,375$1,903$1,050$218
44 years$9,268$5,531$3,168$1,757$953$189
45 years$8,959$5,275$2,974$1,623$865$164
46 years$8,666$5,032$2,794$1,499$786$143
47 years$8,385$4,802$2,625$1,385$713$124
48 years$8,117$4,584$2,466$1,280$648$108
49 years$7,861$4,377$2,318$1,183$588$94
50 years$7,616$4,182$2,179$1,093$534$81

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 $6,480 every year, while hoping to spend $27,011 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: 36/36/28 Blend
63$7,800,000$7,800,000$7,800,000$7,800,000
64$8,602,284$8,188,884$8,067,984$8,839,436
65$9,450,978$8,561,400$8,309,522$9,388,960
66$10,385,333$8,951,264$8,558,246$9,978,899
67$11,414,058$9,359,297$8,814,369$10,615,281
68$12,546,750$9,786,361$9,078,108$11,302,301
69$13,793,983$10,233,357$9,349,690$12,044,561
70$15,167,409$10,701,231$9,629,344$12,847,106
71$16,679,867$11,190,974$9,917,310$13,715,474
72$18,345,506$11,703,624$10,213,832$14,655,740
73$20,179,915$12,240,269$10,519,162$15,674,574
74$22,200,273$12,802,049$10,833,561$16,779,296
75$24,425,512$13,390,160$11,157,296$17,977,945
76$26,876,490$14,005,854$11,490,641$19,279,350
77$29,576,194$14,650,443$11,833,880$20,693,207
78$32,549,955$15,325,304$12,187,304$22,230,170
79$35,825,685$16,031,878$12,551,213$23,901,942
80$39,434,141$16,771,677$12,925,916$25,721,387
81$43,409,219$17,546,284$13,311,729$27,702,641
82$47,788,267$18,357,360$13,708,980$29,861,243
83$52,612,445$19,206,645$14,118,005$32,214,276
84$57,927,106$20,095,963$14,539,151$34,780,523
85$63,782,231$21,027,226$14,972,773$37,580,635
86$70,232,896$22,002,437$15,419,237$40,637,327
87$77,339,792$23,023,697$15,878,923$43,975,578
88$85,169,800$24,093,207$16,352,216$47,622,865
89$93,796,622$25,213,276$16,839,517$51,609,413
90$103,301,474$26,386,323$17,341,237$55,968,477
91$113,773,855$27,614,884$17,857,800$60,736,641
92$125,312,391$28,901,616$18,389,639$65,954,164
93$138,025,766$30,249,307$18,937,203$71,665,344
94$152,033,749$31,660,877$19,500,954$77,918,931
95$167,468,320$33,139,389$20,081,364$84,768,581
96$184,474,922$34,688,052$20,678,923$92,273,345
97$203,213,829$36,310,232$21,294,133$100,498,225
98$223,861,663$38,009,457$21,927,510$109,514,771
99$246,613,057$39,789,424$22,579,585$119,401,749
100$271,682,494$41,654,011$23,250,907$130,245,871