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%15.4%
1 years$652,375$646,564$640,894$635,360$629,957$615,979
2 years$322,958$316,943$311,114$305,462$299,980$285,970
3 years$213,166$207,126$201,311$195,712$190,319$176,715
4 years$158,282$152,259$146,503$141,000$135,737$122,644
5 years$125,359$119,373$113,692$108,301$103,185$90,639
6 years$103,418$97,477$91,880$86,609$81,647$69,661
7 years$87,752$81,861$76,353$71,206$66,401$54,977
8 years$76,008$70,170$64,753$59,733$55,086$44,220
9 years$66,878$61,096$55,772$50,879$46,390$36,075
10 years$59,579$53,853$48,623$43,859$39,527$29,751
11 years$53,611$47,942$42,807$38,170$33,994$24,745
12 years$48,641$43,030$37,990$33,480$29,459$20,722
13 years$44,439$38,887$33,942$29,558$25,689$17,448
14 years$40,840$35,347$30,497$26,238$22,519$14,757
15 years$37,724$32,290$27,535$23,400$19,827$12,528
16 years$35,000$29,626$24,964$20,952$17,523$10,668
17 years$32,599$27,284$22,716$18,825$15,537$9,108
18 years$30,467$25,212$20,737$16,965$13,815$7,792
19 years$28,562$23,366$18,984$15,330$12,314$6,679
20 years$26,850$21,713$17,422$13,884$10,999$5,734
21 years$25,302$20,225$16,025$12,601$9,843$4,929
22 years$23,897$18,879$14,770$11,457$8,823$4,242
23 years$22,617$17,657$13,637$10,434$7,920$3,654
24 years$21,444$16,544$12,612$9,516$7,118$3,150
25 years$20,367$15,525$11,681$8,691$6,405$2,718
26 years$19,375$14,591$10,834$7,947$5,770$2,346
27 years$18,458$13,732$10,060$7,274$5,202$2,026
28 years$17,607$12,940$9,352$6,664$4,694$1,751
29 years$16,817$12,207$8,703$6,111$4,238$1,514
30 years$16,081$11,528$8,107$5,609$3,830$1,309
31 years$15,394$10,898$7,558$5,151$3,462$1,132
32 years$14,751$10,312$7,051$4,734$3,132$979
33 years$14,148$9,765$6,584$4,353$2,834$848
34 years$13,582$9,255$6,152$4,005$2,566$734
35 years$13,049$8,779$5,751$3,687$2,324$635
36 years$12,547$8,332$5,380$3,396$2,106$550
37 years$12,073$7,914$5,036$3,129$1,909$476
38 years$11,626$7,521$4,716$2,884$1,730$412
39 years$11,202$7,152$4,418$2,659$1,569$357
40 years$10,801$6,804$4,141$2,453$1,423$309
41 years$10,420$6,477$3,883$2,263$1,291$268
42 years$10,058$6,168$3,642$2,088$1,172$232
43 years$9,714$5,877$3,418$1,928$1,063$201
44 years$9,386$5,602$3,208$1,780$965$174
45 years$9,074$5,342$3,013$1,644$876$151
46 years$8,777$5,096$2,829$1,518$796$131
47 years$8,493$4,863$2,658$1,403$722$113
48 years$8,221$4,643$2,498$1,296$656$98
49 years$7,962$4,434$2,348$1,198$596$85
50 years$7,713$4,235$2,207$1,107$541$74

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 $2,850 every year, while hoping to spend $36,305 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: 78/5/17 Blend
63$7,900,000$7,900,000$7,900,000$7,900,000
64$8,708,740$8,290,040$8,167,590$9,355,244
65$9,558,403$8,657,623$8,402,576$10,149,792
66$10,493,515$9,042,002$8,644,217$11,016,299
67$11,522,753$9,443,960$8,892,698$11,965,841
68$12,655,680$9,864,319$9,148,209$13,006,712
69$13,902,829$10,303,941$9,410,944$14,148,048
70$15,275,809$10,763,726$9,681,102$15,399,910
71$16,787,413$11,244,620$9,958,891$16,773,377
72$18,451,735$11,747,612$10,244,519$18,280,656
73$20,284,306$12,273,739$10,538,205$19,935,187
74$22,302,240$12,824,087$10,840,169$21,751,779
75$24,524,394$13,399,793$11,150,640$23,746,739
76$26,971,549$14,002,049$11,469,853$25,938,033
77$29,666,602$14,632,105$11,798,049$28,345,452
78$32,634,785$15,291,268$12,135,473$30,990,795
79$35,903,902$15,980,908$12,482,380$33,898,078
80$39,504,590$16,702,463$12,839,030$37,093,758
81$43,470,611$17,457,437$13,205,691$40,606,980
82$47,839,168$18,247,405$13,582,635$44,469,853
83$52,651,256$19,074,021$13,970,146$48,717,751
84$57,952,050$19,939,014$14,368,512$53,389,648
85$63,791,332$20,844,198$14,778,030$58,528,481
86$70,223,958$21,791,474$15,199,004$64,181,555
87$77,310,378$22,782,833$15,631,747$70,400,990
88$85,117,205$23,820,361$16,076,580$77,244,211
89$93,717,846$24,906,244$16,533,831$84,774,487
90$103,193,190$26,042,774$17,003,839$93,061,528
91$113,632,378$27,232,353$17,486,950$102,182,141
92$125,133,638$28,477,495$17,983,519$112,220,956
93$137,805,215$29,780,838$18,493,913$123,271,217
94$151,766,393$31,145,145$19,018,505$135,435,667
95$167,148,620$32,573,312$19,557,680$148,827,515
96$184,096,749$34,068,374$20,111,833$163,571,497
97$202,770,404$35,633,512$20,681,366$179,805,059
98$223,345,490$37,272,059$21,266,697$197,679,649
99$246,015,849$38,987,508$21,868,250$217,362,145
100$270,995,091$40,783,522$22,486,462$239,036,427