Can I retire at age 64 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$619,343$613,826$608,444$603,190$598,061$581,951
2 years$306,605$300,895$295,361$289,995$284,791$268,675
3 years$202,373$196,638$191,118$185,803$180,683$165,066
4 years$150,267$144,550$139,085$133,860$128,865$113,867
5 years$119,012$113,329$107,936$102,818$97,961$83,623
6 years$98,182$92,542$87,228$82,224$77,513$63,849
7 years$83,309$77,716$72,487$67,601$63,039$50,050
8 years$72,160$66,617$61,475$56,709$52,297$39,976
9 years$63,492$58,002$52,948$48,303$44,041$32,377
10 years$56,562$51,126$46,161$41,638$37,526$26,503
11 years$50,896$45,515$40,640$36,237$32,273$21,876
12 years$46,178$40,851$36,067$31,785$27,967$18,175
13 years$42,189$36,918$32,223$28,062$24,388$15,181
14 years$38,772$33,557$28,953$24,910$21,378$12,735
15 years$35,814$30,655$26,140$22,215$18,823$10,721
16 years$33,228$28,126$23,700$19,891$16,636$9,051
17 years$30,948$25,903$21,566$17,872$14,751$7,661
18 years$28,925$23,935$19,687$16,106$13,116$6,497
19 years$27,116$22,183$18,023$14,554$11,690$5,519
20 years$25,490$20,613$16,540$13,181$10,442$4,695
21 years$24,021$19,201$15,214$11,963$9,344$3,999
22 years$22,687$17,923$14,022$10,877$8,376$3,409
23 years$21,471$16,763$12,947$9,906$7,519$2,909
24 years$20,358$15,706$11,974$9,035$6,758$2,485
25 years$19,336$14,739$11,090$8,251$6,081$2,123
26 years$18,394$13,852$10,285$7,544$5,478$1,815
27 years$17,523$13,037$9,551$6,905$4,939$1,553
28 years$16,716$12,284$8,879$6,327$4,456$1,329
29 years$15,966$11,589$8,262$5,802$4,024$1,137
30 years$15,267$10,945$7,696$5,325$3,636$974
31 years$14,614$10,346$7,175$4,890$3,287$834
32 years$14,004$9,790$6,694$4,494$2,973$714
33 years$13,431$9,271$6,251$4,133$2,691$612
34 years$12,894$8,787$5,840$3,803$2,436$524
35 years$12,388$8,334$5,460$3,500$2,207$449
36 years$11,912$7,910$5,108$3,224$1,999$385
37 years$11,462$7,513$4,781$2,970$1,812$330
38 years$11,037$7,140$4,477$2,738$1,643$283
39 years$10,635$6,789$4,194$2,524$1,490$243
40 years$10,254$6,460$3,931$2,328$1,351$208
41 years$9,892$6,149$3,686$2,148$1,226$178
42 years$9,549$5,856$3,458$1,983$1,112$153
43 years$9,222$5,580$3,245$1,830$1,010$131
44 years$8,911$5,319$3,046$1,690$916$112
45 years$8,615$5,072$2,860$1,561$832$96
46 years$8,332$4,838$2,686$1,442$755$83
47 years$8,063$4,617$2,524$1,332$686$71
48 years$7,805$4,408$2,372$1,231$623$61
49 years$7,558$4,209$2,229$1,137$566$52
50 years$7,323$4,021$2,096$1,051$514$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $7,500,000, adding $4,137 every year, while hoping to spend $29,593 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: 54/37/9 Blend
63$7,500,000$7,500,000$7,500,000$7,500,000
64$8,269,267$7,871,767$7,755,517$8,697,199
65$9,081,246$8,225,997$7,983,840$9,341,841
66$9,975,054$8,596,592$8,218,821$10,039,500
67$10,959,008$8,984,324$8,460,649$10,798,093
68$12,042,270$9,389,999$8,709,524$11,623,405
69$13,234,936$9,814,463$8,965,648$12,521,790
70$14,548,132$10,258,604$9,229,229$13,500,233
71$15,994,114$10,723,349$9,500,481$14,566,409
72$17,586,393$11,209,672$9,779,626$15,728,754
73$19,339,851$11,718,592$10,066,890$16,996,544
74$21,270,892$12,251,178$10,362,506$18,379,973
75$23,397,587$12,808,550$10,666,715$19,890,256
76$25,739,852$13,391,881$10,979,761$21,539,720
77$28,319,634$14,002,400$11,301,900$23,341,928
78$31,161,114$14,641,395$11,633,391$25,311,792
79$34,290,941$15,310,217$11,974,503$27,465,721
80$37,738,479$16,010,279$12,325,511$29,821,763
81$41,536,087$16,743,066$12,686,698$32,399,776
82$45,719,421$17,510,130$13,058,356$35,221,609
83$50,327,776$18,313,099$13,440,785$38,311,305
84$55,404,449$19,153,681$13,834,291$41,695,321
85$60,997,154$20,033,664$14,239,192$45,402,774
86$67,158,472$20,954,921$14,655,812$49,465,711
87$73,946,341$21,919,417$15,084,487$53,919,404
88$81,424,611$22,929,212$15,525,561$58,802,681
89$89,663,641$23,986,462$15,979,386$64,158,280
90$98,740,963$25,093,430$16,446,327$70,033,252
91$108,742,019$26,252,486$16,926,756$76,479,396
92$119,760,961$27,466,113$17,421,058$83,553,740
93$131,901,543$28,736,918$17,929,628$91,319,074
94$145,278,102$30,067,628$18,452,872$99,844,535
95$160,016,631$31,461,104$18,991,206$109,206,248
96$176,255,976$32,920,347$19,545,060$119,488,041
97$194,149,139$34,448,498$20,114,873$130,782,225
98$213,864,730$36,048,852$20,701,100$143,190,456
99$235,588,550$37,724,864$21,304,205$156,824,686
100$259,525,354$39,480,153$21,924,667$171,808,209