Can I retire at age 64 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$330,316$327,374$324,503$321,702$318,966$308,262
2 years$163,523$160,477$157,526$154,664$151,888$141,210
3 years$107,932$104,874$101,930$99,095$96,364$86,047
4 years$80,143$77,093$74,179$71,392$68,728$58,850
5 years$63,473$60,442$57,566$54,836$52,246$42,834
6 years$52,364$49,356$46,522$43,853$41,340$32,402
7 years$44,431$41,449$38,660$36,054$33,621$25,155
8 years$38,485$35,529$32,787$30,245$27,892$19,891
9 years$33,863$30,935$28,239$25,762$23,489$15,945
10 years$30,167$27,267$24,619$22,207$20,014$12,914
11 years$27,145$24,274$21,675$19,327$17,212$10,543
12 years$24,628$21,787$19,236$16,952$14,916$8,661
13 years$22,501$19,689$17,186$14,966$13,007$7,152
14 years$20,678$17,897$15,441$13,285$11,402$5,929
15 years$19,101$16,349$13,942$11,848$10,039$4,932
16 years$17,722$15,000$12,640$10,609$8,873$4,113
17 years$16,506$13,815$11,502$9,532$7,867$3,438
18 years$15,426$12,765$10,500$8,590$6,995$2,879
19 years$14,462$11,831$9,612$7,762$6,235$2,415
20 years$13,595$10,994$8,821$7,030$5,569$2,028
21 years$12,811$10,240$8,114$6,380$4,984$1,705
22 years$12,100$9,559$7,478$5,801$4,467$1,434
23 years$11,451$8,940$6,905$5,283$4,010$1,208
24 years$10,858$8,376$6,386$4,818$3,604$1,017
25 years$10,313$7,861$5,915$4,400$3,243$858
26 years$9,810$7,388$5,486$4,024$2,921$723
27 years$9,346$6,953$5,094$3,683$2,634$610
28 years$8,915$6,552$4,735$3,374$2,377$515
29 years$8,515$6,181$4,407$3,094$2,146$435
30 years$8,142$5,837$4,105$2,840$1,939$367
31 years$7,794$5,518$3,827$2,608$1,753$310
32 years$7,469$5,221$3,570$2,397$1,586$262
33 years$7,163$4,945$3,334$2,204$1,435$221
34 years$6,877$4,686$3,115$2,028$1,299$187
35 years$6,607$4,445$2,912$1,867$1,177$158
36 years$6,353$4,219$2,724$1,719$1,066$133
37 years$6,113$4,007$2,550$1,584$966$113
38 years$5,886$3,808$2,388$1,460$876$95
39 years$5,672$3,621$2,237$1,346$795$80
40 years$5,469$3,445$2,097$1,242$721$68
41 years$5,276$3,279$1,966$1,146$654$57
42 years$5,093$3,123$1,844$1,057$593$49
43 years$4,918$2,976$1,731$976$538$41
44 years$4,753$2,837$1,624$901$489$35
45 years$4,595$2,705$1,525$832$444$29
46 years$4,444$2,580$1,433$769$403$25
47 years$4,300$2,462$1,346$710$366$21
48 years$4,163$2,351$1,265$656$332$18
49 years$4,031$2,245$1,189$607$302$15
50 years$3,905$2,144$1,118$561$274$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,000,000, adding $6,174 every year, while hoping to spend $40,868 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: 41/49/10 Blend
63$4,000,000$4,000,000$4,000,000$4,000,000
64$4,414,368$4,202,368$4,140,368$4,582,026
65$4,821,151$4,364,801$4,235,588$4,862,600
66$5,268,055$4,533,824$4,332,627$5,161,523
67$5,759,131$4,709,715$4,431,504$5,484,128
68$6,298,839$4,892,768$4,532,236$5,832,581
69$6,892,094$5,083,287$4,634,840$6,209,263
70$7,544,311$5,281,591$4,739,330$6,616,784
71$8,261,454$5,488,012$4,845,721$7,058,012
72$9,050,096$5,702,899$4,954,026$7,536,097
73$9,917,477$5,926,612$5,064,257$8,054,499
74$10,871,576$6,159,533$5,176,426$8,617,017
75$11,921,183$6,402,055$5,290,542$9,227,829
76$13,075,981$6,654,594$5,406,613$9,891,522
77$14,346,642$6,917,580$5,524,646$10,613,142
78$15,744,924$7,191,465$5,644,645$11,398,232
79$17,283,780$7,476,721$5,766,615$12,252,890
80$18,977,485$7,773,840$5,890,556$13,183,818
81$20,841,767$8,083,336$6,016,468$14,198,386
82$22,893,955$8,405,748$6,144,348$15,304,701
83$25,153,147$8,741,638$6,274,192$16,511,679
84$27,640,382$9,091,593$6,405,991$17,829,129
85$30,378,846$9,456,226$6,539,737$19,267,840
86$33,394,086$9,836,179$6,675,416$20,839,684
87$36,714,254$10,232,123$6,813,014$22,557,724
88$40,370,369$10,644,758$6,952,511$24,436,333
89$44,396,613$11,074,817$7,093,886$26,491,329
90$48,830,650$11,523,065$7,237,113$28,740,122
91$53,713,984$11,990,304$7,382,165$31,201,873
92$59,092,351$12,477,369$7,529,008$33,897,671
93$65,016,147$12,985,136$7,677,606$36,850,735
94$71,540,906$13,514,520$7,827,917$40,086,620
95$78,727,823$14,066,476$7,979,898$43,633,464
96$86,644,333$14,642,005$8,133,496$47,522,244
97$95,364,744$15,242,153$8,288,657$51,787,066
98$104,970,942$15,868,012$8,445,322$56,465,483
99$115,553,161$16,520,727$8,603,422$61,598,847
100$127,210,834$17,201,494$8,762,888$67,232,690