Can I retire at age 64 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$644,117$638,379$632,782$627,318$621,983$610,925
2 years$318,870$312,931$307,176$301,595$296,182$285,079
3 years$210,468$204,504$198,763$193,235$187,910$177,108
4 years$156,278$150,332$144,648$139,215$134,019$123,601
5 years$123,772$117,862$112,253$106,930$101,879$91,875
6 years$102,109$96,243$90,717$85,513$80,614$71,034
7 years$86,641$80,825$75,386$70,305$65,560$56,409
8 years$75,046$69,282$63,934$58,977$54,389$45,663
9 years$66,032$60,322$55,066$50,235$45,803$37,498
10 years$58,825$53,171$48,008$43,303$39,027$31,135
11 years$52,932$47,335$42,265$37,687$33,564$26,077
12 years$48,025$42,486$37,509$33,057$29,086$21,993
13 years$43,876$38,395$33,512$29,184$25,364$18,654
14 years$40,323$34,900$30,111$25,906$22,234$15,896
15 years$37,246$31,881$27,186$23,104$19,576$13,597
16 years$34,557$29,251$24,648$20,687$17,301$11,669
17 years$32,186$26,939$22,429$18,587$15,341$10,041
18 years$30,082$24,893$20,475$16,751$13,640$8,660
19 years$28,201$23,070$18,744$15,136$12,158$7,484
20 years$26,510$21,438$17,202$13,708$10,860$6,478
21 years$24,982$19,969$15,822$12,441$9,718$5,616
22 years$23,595$18,640$14,583$11,312$8,711$4,874
23 years$22,330$17,434$13,465$10,302$7,819$4,235
24 years$21,173$16,334$12,453$9,396$7,028$3,683
25 years$20,110$15,329$11,534$8,581$6,324$3,205
26 years$19,130$14,407$10,697$7,846$5,697$2,791
27 years$18,224$13,558$9,933$7,182$5,136$2,432
28 years$17,384$12,776$9,234$6,580$4,634$2,121
29 years$16,604$12,053$8,593$6,034$4,185$1,850
30 years$15,877$11,382$8,004$5,538$3,781$1,614
31 years$15,199$10,760$7,462$5,086$3,419$1,409
32 years$14,564$10,181$6,962$4,674$3,092$1,230
33 years$13,969$9,642$6,501$4,298$2,799$1,074
34 years$13,410$9,138$6,074$3,955$2,534$938
35 years$12,884$8,667$5,678$3,640$2,295$820
36 years$12,388$8,227$5,312$3,353$2,079$716
37 years$11,921$7,813$4,972$3,089$1,885$626
38 years$11,479$7,426$4,656$2,847$1,709$547
39 years$11,060$7,061$4,362$2,625$1,549$479
40 years$10,664$6,718$4,089$2,422$1,405$418
41 years$10,288$6,395$3,834$2,234$1,275$366
42 years$9,931$6,090$3,596$2,062$1,157$320
43 years$9,591$5,803$3,375$1,903$1,050$280
44 years$9,268$5,531$3,168$1,757$953$245
45 years$8,959$5,275$2,974$1,623$865$214
46 years$8,666$5,032$2,794$1,499$786$187
47 years$8,385$4,802$2,625$1,385$713$164
48 years$8,117$4,584$2,466$1,280$648$143
49 years$7,861$4,377$2,318$1,183$588$125
50 years$7,616$4,182$2,179$1,093$534$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $7,800,000, adding $2,721 every year, while hoping to spend $22,936 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: 32/40/28 Blend
63$7,800,000$7,800,000$7,800,000$7,800,000
64$8,598,407$8,185,007$8,064,107$8,799,989
65$9,451,040$8,561,668$8,309,851$9,331,499
66$10,389,874$8,956,018$8,563,058$9,901,359
67$11,423,676$9,368,897$8,823,955$10,514,710
68$12,562,108$9,801,190$9,092,774$11,175,398
69$13,815,816$10,253,821$9,369,755$11,887,635
70$15,196,532$10,727,761$9,655,145$12,656,035
71$16,717,183$11,224,027$9,949,197$13,485,659
72$18,392,015$11,743,683$10,252,175$14,382,052
73$20,236,724$12,287,848$10,564,347$15,351,297
74$22,268,609$12,857,691$10,885,991$16,400,066
75$24,506,730$13,454,441$11,217,395$17,535,677
76$26,972,091$14,079,383$11,558,852$18,766,163
77$29,687,837$14,733,866$11,910,666$20,100,339
78$32,679,475$15,419,303$12,273,152$21,547,885
79$35,975,108$16,137,176$12,646,630$23,119,424
80$39,605,710$16,889,038$13,031,432$24,826,629
81$43,605,409$17,676,518$13,427,902$26,682,315
82$48,011,815$18,501,321$13,836,391$28,700,563
83$52,866,372$19,365,238$14,257,262$30,896,846
84$58,214,750$20,270,143$14,690,888$33,288,161
85$64,107,277$21,218,002$15,137,655$35,893,195
86$70,599,412$22,210,877$15,597,960$38,732,483
87$77,752,271$23,250,929$16,072,210$41,828,602
88$85,633,201$24,340,422$16,560,827$45,206,374
89$94,316,416$25,481,732$17,064,244$48,893,092
90$103,883,701$26,677,348$17,582,907$52,918,770
91$114,425,181$27,929,879$18,117,276$57,316,418
92$126,040,169$29,242,064$18,667,825$62,122,344
93$138,838,110$30,616,769$19,235,041$67,376,487
94$152,939,610$32,057,002$19,819,427$73,122,784
95$168,477,572$33,565,918$20,421,500$79,409,577
96$185,598,458$35,146,821$21,041,793$86,290,054
97$204,463,663$36,803,178$21,680,856$93,822,743
98$225,251,046$38,538,623$22,339,254$102,072,053
99$248,156,602$40,356,965$23,017,569$111,108,867
100$273,396,319$42,262,199$23,716,400$121,011,201