Can I retire at age 64 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$652,375$646,564$640,894$635,360$629,957$606,882
2 years$322,958$316,943$311,114$305,462$299,980$276,988
3 years$213,166$207,126$201,311$195,712$190,319$168,135
4 years$158,282$152,259$146,503$141,000$135,737$114,530
5 years$125,359$119,373$113,692$108,301$103,185$83,010
6 years$103,418$97,477$91,880$86,609$81,647$62,518
7 years$87,752$81,861$76,353$71,206$66,401$48,313
8 years$76,008$70,170$64,753$59,733$55,086$38,023
9 years$66,878$61,096$55,772$50,879$46,390$30,330
10 years$59,579$53,853$48,623$43,859$39,527$24,440
11 years$53,611$47,942$42,807$38,170$33,994$19,850
12 years$48,641$43,030$37,990$33,480$29,459$16,221
13 years$44,439$38,887$33,942$29,558$25,689$13,321
14 years$40,840$35,347$30,497$26,238$22,519$10,982
15 years$37,724$32,290$27,535$23,400$19,827$9,083
16 years$35,000$29,626$24,964$20,952$17,523$7,532
17 years$32,599$27,284$22,716$18,825$15,537$6,259
18 years$30,467$25,212$20,737$16,965$13,815$5,210
19 years$28,562$23,366$18,984$15,330$12,314$4,343
20 years$26,850$21,713$17,422$13,884$10,999$3,625
21 years$25,302$20,225$16,025$12,601$9,843$3,028
22 years$23,897$18,879$14,770$11,457$8,823$2,532
23 years$22,617$17,657$13,637$10,434$7,920$2,119
24 years$21,444$16,544$12,612$9,516$7,118$1,774
25 years$20,367$15,525$11,681$8,691$6,405$1,486
26 years$19,375$14,591$10,834$7,947$5,770$1,245
27 years$18,458$13,732$10,060$7,274$5,202$1,043
28 years$17,607$12,940$9,352$6,664$4,694$875
29 years$16,817$12,207$8,703$6,111$4,238$734
30 years$16,081$11,528$8,107$5,609$3,830$615
31 years$15,394$10,898$7,558$5,151$3,462$516
32 years$14,751$10,312$7,051$4,734$3,132$433
33 years$14,148$9,765$6,584$4,353$2,834$363
34 years$13,582$9,255$6,152$4,005$2,566$305
35 years$13,049$8,779$5,751$3,687$2,324$256
36 years$12,547$8,332$5,380$3,396$2,106$215
37 years$12,073$7,914$5,036$3,129$1,909$180
38 years$11,626$7,521$4,716$2,884$1,730$151
39 years$11,202$7,152$4,418$2,659$1,569$127
40 years$10,801$6,804$4,141$2,453$1,423$107
41 years$10,420$6,477$3,883$2,263$1,291$90
42 years$10,058$6,168$3,642$2,088$1,172$75
43 years$9,714$5,877$3,418$1,928$1,063$63
44 years$9,386$5,602$3,208$1,780$965$53
45 years$9,074$5,342$3,013$1,644$876$44
46 years$8,777$5,096$2,829$1,518$796$37
47 years$8,493$4,863$2,658$1,403$722$31
48 years$8,221$4,643$2,498$1,296$656$26
49 years$7,962$4,434$2,348$1,198$596$22
50 years$7,713$4,235$2,207$1,107$541$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $7,900,000, adding $4,444 every year, while hoping to spend $40,226 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: 30/43/27 Blend
63$7,900,000$7,900,000$7,900,000$7,900,000
64$8,710,384$8,291,684$8,169,234$8,899,088
65$9,556,043$8,655,176$8,400,103$9,409,924
66$10,486,611$9,035,132$8,637,358$9,955,243
67$11,510,706$9,432,314$8,881,171$10,541,085
68$12,637,825$9,847,524$9,131,716$11,170,999
69$13,878,430$10,281,599$9,389,176$11,848,874
70$15,244,050$10,735,418$9,653,734$12,578,969
71$16,747,390$11,209,900$9,925,580$13,365,950
72$18,402,446$11,706,007$10,204,909$14,214,935
73$20,224,642$12,224,749$10,491,921$15,131,533
74$22,230,975$12,767,181$10,786,819$16,121,896
75$24,440,171$13,334,410$11,089,815$17,192,774
76$26,872,867$13,927,594$11,401,122$18,351,571
77$29,551,802$14,547,949$11,720,962$19,606,415
78$32,502,032$15,196,744$12,049,560$20,966,226
79$35,751,168$15,875,313$12,387,149$22,440,797
80$39,329,634$16,585,051$12,733,966$24,040,883
81$43,270,957$17,327,419$13,090,254$25,778,295
82$47,612,081$18,103,948$13,456,263$27,666,007
83$52,393,715$18,916,243$13,832,250$29,718,273
84$57,660,719$19,765,985$14,218,476$31,950,756
85$63,462,528$20,654,933$14,615,210$34,380,666
86$69,853,614$21,584,933$15,022,728$37,026,922
87$76,894,005$22,557,918$15,441,312$39,910,320
88$84,649,848$23,575,911$15,871,251$43,053,722
89$93,194,037$24,641,034$16,312,841$46,482,267
90$102,606,894$25,755,510$16,766,387$50,223,596
91$112,976,935$26,921,668$17,232,200$54,308,111
92$124,401,701$28,141,949$17,710,597$58,769,248
93$136,988,679$29,418,908$18,201,906$63,643,788
94$150,856,315$30,755,226$18,706,461$68,972,189
95$166,135,136$32,153,709$19,224,604$74,798,968
96$182,968,978$33,617,299$19,756,686$81,173,100
97$201,516,346$35,149,079$20,303,068$88,148,479
98$221,951,909$36,752,278$20,864,115$95,784,410
99$244,468,146$38,430,283$21,440,207$104,146,159
100$269,277,171$40,186,640$22,031,727$113,305,558