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

Use the below retirement simulation to view the chances of a successful retirement.
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 years$652,375$646,564$640,894$635,360$629,957$607,123
2 years$322,958$316,943$311,114$305,462$299,980$277,225
3 years$213,166$207,126$201,311$195,712$190,319$168,360
4 years$158,282$152,259$146,503$141,000$135,737$114,741
5 years$125,359$119,373$113,692$108,301$103,185$83,206
6 years$103,418$97,477$91,880$86,609$81,647$62,700
7 years$87,752$81,861$76,353$71,206$66,401$48,482
8 years$76,008$70,170$64,753$59,733$55,086$38,179
9 years$66,878$61,096$55,772$50,879$46,390$30,473
10 years$59,579$53,853$48,623$43,859$39,527$24,571
11 years$53,611$47,942$42,807$38,170$33,994$19,969
12 years$48,641$43,030$37,990$33,480$29,459$16,329
13 years$44,439$38,887$33,942$29,558$25,689$13,419
14 years$40,840$35,347$30,497$26,238$22,519$11,071
15 years$37,724$32,290$27,535$23,400$19,827$9,163
16 years$35,000$29,626$24,964$20,952$17,523$7,603
17 years$32,599$27,284$22,716$18,825$15,537$6,323
18 years$30,467$25,212$20,737$16,965$13,815$5,267
19 years$28,562$23,366$18,984$15,330$12,314$4,394
20 years$26,850$21,713$17,422$13,884$10,999$3,670
21 years$25,302$20,225$16,025$12,601$9,843$3,069
22 years$23,897$18,879$14,770$11,457$8,823$2,568
23 years$22,617$17,657$13,637$10,434$7,920$2,150
24 years$21,444$16,544$12,612$9,516$7,118$1,801
25 years$20,367$15,525$11,681$8,691$6,405$1,510
26 years$19,375$14,591$10,834$7,947$5,770$1,266
27 years$18,458$13,732$10,060$7,274$5,202$1,062
28 years$17,607$12,940$9,352$6,664$4,694$891
29 years$16,817$12,207$8,703$6,111$4,238$748
30 years$16,081$11,528$8,107$5,609$3,830$628
31 years$15,394$10,898$7,558$5,151$3,462$527
32 years$14,751$10,312$7,051$4,734$3,132$443
33 years$14,148$9,765$6,584$4,353$2,834$372
34 years$13,582$9,255$6,152$4,005$2,566$312
35 years$13,049$8,779$5,751$3,687$2,324$262
36 years$12,547$8,332$5,380$3,396$2,106$220
37 years$12,073$7,914$5,036$3,129$1,909$185
38 years$11,626$7,521$4,716$2,884$1,730$156
39 years$11,202$7,152$4,418$2,659$1,569$131
40 years$10,801$6,804$4,141$2,453$1,423$110
41 years$10,420$6,477$3,883$2,263$1,291$92
42 years$10,058$6,168$3,642$2,088$1,172$78
43 years$9,714$5,877$3,418$1,928$1,063$65
44 years$9,386$5,602$3,208$1,780$965$55
45 years$9,074$5,342$3,013$1,644$876$46
46 years$8,777$5,096$2,829$1,518$796$39
47 years$8,493$4,863$2,658$1,403$722$32
48 years$8,221$4,643$2,498$1,296$656$27
49 years$7,962$4,434$2,348$1,198$596$23
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 $6,486 every year, while hoping to spend $40,311 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: 42/50/8 Blend
63$7,900,000$7,900,000$7,900,000$7,900,000
64$8,712,490$8,293,790$8,171,340$9,057,720
65$9,558,274$8,657,295$8,402,190$9,662,399
66$10,488,976$9,037,261$8,639,421$10,312,166
67$11,513,216$9,434,452$8,883,207$11,014,806
68$12,640,492$9,849,667$9,133,721$11,775,148
69$13,881,266$10,283,745$9,391,145$12,598,489
70$15,247,070$10,737,564$9,655,664$13,490,643
71$16,750,609$11,212,042$9,927,466$14,457,988
72$18,405,881$11,708,142$10,206,746$15,507,523
73$20,228,312$12,226,872$10,493,703$16,646,934
74$22,234,899$12,769,288$10,788,542$17,884,659
75$24,444,373$13,336,497$11,091,472$19,229,964
76$26,877,370$13,929,657$11,402,707$20,693,027
77$29,556,633$14,549,981$11,722,469$22,285,028
78$32,507,220$15,198,741$12,050,982$24,018,251
79$35,756,745$15,877,268$12,388,479$25,906,195
80$39,335,637$16,586,957$12,735,196$27,963,693
81$43,277,423$17,329,270$13,091,377$30,207,053
82$47,619,053$18,105,737$13,457,271$32,654,197
83$52,401,240$18,917,962$13,833,133$35,324,833
84$57,668,849$19,767,624$14,219,226$38,240,629
85$63,471,319$20,656,485$14,615,817$41,425,412
86$69,863,129$21,586,388$15,023,182$44,905,388
87$76,904,311$22,559,264$15,441,602$48,709,379
88$84,661,021$23,577,139$15,871,366$52,869,090
89$93,206,159$24,642,132$16,312,770$57,419,398
90$102,620,056$25,756,465$16,766,117$62,398,677
91$112,991,238$26,922,468$17,231,718$67,849,144
92$124,417,254$28,142,578$17,709,890$73,817,256
93$137,005,602$29,419,353$18,200,960$80,354,136
94$150,874,742$30,755,470$18,705,260$87,516,043
95$166,155,213$32,153,736$19,223,134$95,364,897
96$182,990,867$33,617,091$19,754,931$103,968,849
97$201,540,224$35,148,616$20,301,010$113,402,916
98$221,977,970$36,751,542$20,861,737$123,749,673
99$244,496,606$38,429,251$21,437,488$135,100,023
100$269,308,265$40,185,290$22,028,650$147,554,043