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%11.4%
1 years$652,375$646,564$640,894$635,360$629,957$626,249
2 years$322,958$316,943$311,114$305,462$299,980$296,239
3 years$213,166$207,126$201,311$195,712$190,319$186,662
4 years$158,282$152,259$146,503$141,000$135,737$132,191
5 years$125,359$119,373$113,692$108,301$103,185$99,760
6 years$103,418$97,477$91,880$86,609$81,647$78,348
7 years$87,752$81,861$76,353$71,206$66,401$63,229
8 years$76,008$70,170$64,753$59,733$55,086$52,042
9 years$66,878$61,096$55,772$50,879$46,390$43,473
10 years$59,579$53,853$48,623$43,859$39,527$36,736
11 years$53,611$47,942$42,807$38,170$33,994$31,327
12 years$48,641$43,030$37,990$33,480$29,459$26,912
13 years$44,439$38,887$33,942$29,558$25,689$23,261
14 years$40,840$35,347$30,497$26,238$22,519$20,207
15 years$37,724$32,290$27,535$23,400$19,827$17,628
16 years$35,000$29,626$24,964$20,952$17,523$15,434
17 years$32,599$27,284$22,716$18,825$15,537$13,555
18 years$30,467$25,212$20,737$16,965$13,815$11,936
19 years$28,562$23,366$18,984$15,330$12,314$10,534
20 years$26,850$21,713$17,422$13,884$10,999$9,316
21 years$25,302$20,225$16,025$12,601$9,843$8,252
22 years$23,897$18,879$14,770$11,457$8,823$7,321
23 years$22,617$17,657$13,637$10,434$7,920$6,504
24 years$21,444$16,544$12,612$9,516$7,118$5,784
25 years$20,367$15,525$11,681$8,691$6,405$5,150
26 years$19,375$14,591$10,834$7,947$5,770$4,589
27 years$18,458$13,732$10,060$7,274$5,202$4,092
28 years$17,607$12,940$9,352$6,664$4,694$3,652
29 years$16,817$12,207$8,703$6,111$4,238$3,261
30 years$16,081$11,528$8,107$5,609$3,830$2,914
31 years$15,394$10,898$7,558$5,151$3,462$2,605
32 years$14,751$10,312$7,051$4,734$3,132$2,330
33 years$14,148$9,765$6,584$4,353$2,834$2,084
34 years$13,582$9,255$6,152$4,005$2,566$1,865
35 years$13,049$8,779$5,751$3,687$2,324$1,670
36 years$12,547$8,332$5,380$3,396$2,106$1,496
37 years$12,073$7,914$5,036$3,129$1,909$1,340
38 years$11,626$7,521$4,716$2,884$1,730$1,200
39 years$11,202$7,152$4,418$2,659$1,569$1,076
40 years$10,801$6,804$4,141$2,453$1,423$964
41 years$10,420$6,477$3,883$2,263$1,291$864
42 years$10,058$6,168$3,642$2,088$1,172$775
43 years$9,714$5,877$3,418$1,928$1,063$695
44 years$9,386$5,602$3,208$1,780$965$623
45 years$9,074$5,342$3,013$1,644$876$559
46 years$8,777$5,096$2,829$1,518$796$501
47 years$8,493$4,863$2,658$1,403$722$450
48 years$8,221$4,643$2,498$1,296$656$403
49 years$7,962$4,434$2,348$1,198$596$362
50 years$7,713$4,235$2,207$1,107$541$325

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 $5,782 every year, while hoping to spend $58,002 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: 37/47/16 Blend
63$7,900,000$7,900,000$7,900,000$7,900,000
64$8,711,764$8,293,064$8,170,614$8,991,562
65$9,538,650$8,637,711$8,382,616$9,538,170
66$10,447,935$8,997,301$8,599,776$10,122,249
67$11,447,962$9,372,506$8,822,206$10,751,901
68$12,547,922$9,764,027$9,050,018$11,431,238
69$13,757,946$10,172,600$9,283,329$12,164,773
70$15,089,191$10,598,992$9,522,255$12,957,453
71$16,553,952$11,044,007$9,766,915$13,814,708
72$18,165,778$11,508,486$10,017,430$14,742,496
73$19,939,595$11,993,309$10,273,921$15,747,358
74$21,891,850$12,499,397$10,536,513$16,836,474
75$24,040,665$13,027,714$10,805,333$18,017,729
76$26,406,008$13,579,267$11,080,507$19,299,785
77$29,009,882$14,155,112$11,362,165$20,692,153
78$31,876,531$14,756,353$11,650,438$22,205,286
79$35,032,668$15,384,146$11,945,459$23,850,667
80$38,507,730$16,039,699$12,247,362$25,640,917
81$42,334,154$16,724,279$12,556,283$27,589,909
82$46,547,679$17,439,211$12,872,360$29,712,893
83$51,187,690$18,185,880$13,195,732$32,026,632
84$56,297,586$18,965,739$13,526,540$34,549,561
85$61,925,186$19,780,307$13,864,926$37,301,953
86$68,123,186$20,631,173$14,211,033$40,306,100
87$74,949,655$21,520,004$14,565,005$43,586,523
88$82,468,576$22,448,541$14,926,990$47,170,197
89$90,750,461$23,418,610$15,297,134$51,086,795
90$99,873,006$24,432,119$15,675,586$55,368,964
91$109,921,829$25,491,070$16,062,495$60,052,624
92$120,991,278$26,597,555$16,458,011$65,177,302
93$133,185,320$27,753,766$16,862,286$70,786,495
94$146,618,521$28,962,000$17,275,471$76,928,075
95$161,417,131$30,224,658$17,697,719$83,654,727
96$177,720,269$31,544,257$18,129,184$91,024,443
97$195,681,243$32,923,432$18,570,018$99,101,058
98$215,468,992$34,364,943$19,020,376$107,954,841
99$237,269,682$35,871,677$19,480,411$117,663,149
100$261,288,462$37,446,662$19,950,277$128,311,146