Can I retire at age 64 with 7,700,000?

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 $7,700,000?

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$635,859$630,195$624,669$619,275$614,009$610,395
2 years$314,782$308,919$303,237$297,729$292,385$288,739
3 years$207,770$201,882$196,215$190,758$185,501$181,936
4 years$154,274$148,405$142,794$137,430$132,301$128,844
5 years$122,186$116,351$110,814$105,559$100,573$97,235
6 years$100,800$95,009$89,554$84,417$79,580$76,365
7 years$85,531$79,789$74,420$69,404$64,720$61,629
8 years$74,084$68,394$63,114$58,221$53,691$50,725
9 years$65,185$59,549$54,360$49,591$45,216$42,373
10 years$58,071$52,490$47,392$42,748$38,526$35,805
11 years$52,254$46,728$41,723$37,204$33,134$30,534
12 years$47,409$41,941$37,029$32,633$28,713$26,231
13 years$43,314$37,902$33,083$28,810$25,038$22,672
14 years$39,806$34,452$29,725$25,574$21,948$19,695
15 years$36,769$31,473$26,838$22,808$19,325$17,182
16 years$34,114$28,876$24,332$20,422$17,080$15,044
17 years$31,774$26,593$22,141$18,349$15,144$13,212
18 years$29,696$24,573$20,212$16,536$13,465$11,634
19 years$27,839$22,774$18,503$14,942$12,002$10,268
20 years$26,170$21,163$16,981$13,533$10,720$9,080
21 years$24,662$19,713$15,620$12,282$9,594$8,043
22 years$23,292$18,401$14,396$11,167$8,599$7,136
23 years$22,044$17,210$13,292$10,170$7,719$6,339
24 years$20,901$16,125$12,293$9,275$6,938$5,638
25 years$19,852$15,132$11,386$8,471$6,243$5,019
26 years$18,885$14,222$10,560$7,745$5,624$4,473
27 years$17,990$13,384$9,806$7,090$5,070$3,989
28 years$17,162$12,612$9,116$6,496$4,575$3,560
29 years$16,391$11,898$8,483$5,957$4,131$3,179
30 years$15,674$11,236$7,901$5,467$3,733$2,840
31 years$15,004$10,622$7,366$5,021$3,375$2,539
32 years$14,377$10,051$6,873$4,614$3,053$2,271
33 years$13,790$9,518$6,417$4,243$2,763$2,031
34 years$13,238$9,021$5,996$3,904$2,501$1,818
35 years$12,719$8,556$5,606$3,594$2,266$1,628
36 years$12,229$8,121$5,244$3,310$2,053$1,458
37 years$11,768$7,713$4,908$3,050$1,860$1,306
38 years$11,331$7,330$4,596$2,811$1,687$1,170
39 years$10,918$6,970$4,306$2,592$1,529$1,048
40 years$10,527$6,632$4,036$2,391$1,387$940
41 years$10,156$6,313$3,785$2,206$1,259$842
42 years$9,803$6,012$3,550$2,035$1,142$755
43 years$9,468$5,728$3,331$1,879$1,036$677
44 years$9,149$5,460$3,127$1,735$941$607
45 years$8,845$5,207$2,936$1,602$854$545
46 years$8,554$4,967$2,758$1,480$775$488
47 years$8,278$4,740$2,591$1,367$704$438
48 years$8,013$4,525$2,435$1,263$639$393
49 years$7,760$4,321$2,289$1,168$581$353
50 years$7,518$4,128$2,152$1,079$528$316

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $7,700,000, adding $6,553 every year, while hoping to spend $54,135 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: 57/24/19 Blend
63$7,700,000$7,700,000$7,700,000$7,700,000
64$8,492,159$8,084,059$7,964,709$8,932,982
65$9,300,760$8,422,579$8,173,928$9,572,114
66$10,190,024$8,775,872$8,388,341$10,261,883
67$11,168,122$9,144,604$8,608,065$11,012,386
68$12,244,055$9,529,475$8,833,220$11,829,477
69$13,427,741$9,931,212$9,063,926$12,719,594
70$14,730,110$10,350,580$9,300,306$13,689,818
71$16,163,202$10,788,379$9,542,487$14,747,937
72$17,740,283$11,245,445$9,790,595$15,902,523
73$19,475,973$11,722,652$10,044,761$17,163,002
74$21,386,377$12,220,917$10,305,116$18,539,748
75$23,489,244$12,741,199$10,571,794$20,044,178
76$25,804,130$13,284,500$10,844,931$21,688,856
77$28,352,582$13,851,871$11,124,667$23,487,606
78$31,158,343$14,444,411$11,411,142$25,455,650
79$34,247,577$15,063,270$11,704,498$27,609,737
80$37,649,112$15,709,652$12,004,880$29,968,308
81$41,394,714$16,384,818$12,312,437$32,551,664
82$45,519,387$17,090,087$12,627,316$35,382,153
83$50,061,703$17,826,840$12,949,670$38,484,382
84$55,064,165$18,596,523$13,279,651$41,885,442
85$60,573,607$19,400,649$13,617,417$45,615,165
86$66,641,638$20,240,804$13,963,123$49,706,398
87$73,325,128$21,118,647$14,316,931$54,195,312
88$80,686,745$22,035,915$14,679,002$59,121,741
89$88,795,544$22,994,425$15,049,500$64,529,552
90$97,727,621$23,996,084$15,428,590$70,467,055
91$107,566,831$25,042,884$15,816,440$76,987,459
92$118,405,576$26,136,914$16,213,219$84,149,365
93$130,345,681$27,280,359$16,619,098$92,017,317
94$143,499,353$28,475,509$17,034,250$100,662,406
95$157,990,240$29,724,762$17,458,850$110,162,941
96$173,954,596$31,030,627$17,893,074$120,605,173
97$191,542,572$32,395,735$18,337,099$132,084,117
98$210,919,626$33,822,838$18,791,104$144,704,431
99$232,268,091$35,314,820$19,255,268$158,581,408
100$255,788,891$36,874,701$19,729,775$173,842,052