Can I retire at age 64 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$346,832$343,743$340,729$337,787$334,914$329,637
2 years$171,699$168,501$165,402$162,397$159,483$154,180
3 years$113,329$110,117$107,026$104,050$101,182$96,019
4 years$84,150$80,948$77,888$74,962$72,164$67,180
5 years$66,647$63,464$60,444$57,578$54,858$50,067
6 years$54,982$51,823$48,848$46,046$43,407$38,815
7 years$46,653$43,521$40,593$37,857$35,302$30,910
8 years$40,409$37,306$34,426$31,757$29,286$25,094
9 years$35,556$32,481$29,651$27,050$24,663$20,668
10 years$31,675$28,631$25,850$23,317$21,014$17,213
11 years$28,502$25,488$22,758$20,293$18,073$14,462
12 years$25,860$22,877$20,197$17,800$15,662$12,237
13 years$23,626$20,674$18,045$15,714$13,657$10,413
14 years$21,712$18,792$16,214$13,950$11,972$8,903
15 years$20,056$17,167$14,639$12,441$10,541$7,642
16 years$18,608$15,750$13,272$11,139$9,316$6,581
17 years$17,331$14,505$12,077$10,008$8,260$5,684
18 years$16,198$13,404$11,025$9,020$7,345$4,920
19 years$15,185$12,422$10,093$8,150$6,547$4,267
20 years$14,274$11,543$9,263$7,381$5,847$3,708
21 years$13,452$10,752$8,520$6,699$5,233$3,226
22 years$12,705$10,037$7,852$6,091$4,690$2,811
23 years$12,024$9,387$7,250$5,547$4,210$2,452
24 years$11,401$8,795$6,705$5,059$3,784$2,140
25 years$10,828$8,254$6,210$4,621$3,405$1,870
26 years$10,301$7,757$5,760$4,225$3,067$1,635
27 years$9,813$7,301$5,348$3,867$2,766$1,431
28 years$9,361$6,879$4,972$3,543$2,495$1,252
29 years$8,941$6,490$4,627$3,249$2,253$1,097
30 years$8,549$6,129$4,310$2,982$2,036$961
31 years$8,184$5,794$4,018$2,739$1,841$842
32 years$7,842$5,482$3,749$2,517$1,665$739
33 years$7,522$5,192$3,500$2,314$1,507$648
34 years$7,221$4,921$3,270$2,129$1,364$568
35 years$6,937$4,667$3,058$1,960$1,236$499
36 years$6,671$4,430$2,860$1,805$1,120$437
37 years$6,419$4,207$2,677$1,663$1,015$384
38 years$6,181$3,998$2,507$1,533$920$337
39 years$5,956$3,802$2,349$1,414$834$296
40 years$5,742$3,617$2,202$1,304$757$260
41 years$5,540$3,443$2,064$1,203$687$228
42 years$5,347$3,279$1,937$1,110$623$200
43 years$5,164$3,125$1,817$1,025$565$176
44 years$4,990$2,978$1,706$946$513$155
45 years$4,824$2,840$1,602$874$466$136
46 years$4,666$2,709$1,504$807$423$119
47 years$4,515$2,586$1,413$746$384$105
48 years$4,371$2,468$1,328$689$349$92
49 years$4,233$2,357$1,248$637$317$81
50 years$4,101$2,252$1,174$589$288$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,200,000, adding $3,528 every year, while hoping to spend $26,015 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: 70/17/13 Blend
63$4,200,000$4,200,000$4,200,000$4,200,000
64$4,632,039$4,409,439$4,344,339$4,942,868
65$5,076,827$4,597,822$4,462,195$5,338,040
66$5,566,112$4,794,563$4,583,127$5,766,880
67$6,104,404$5,000,046$4,707,210$6,235,509
68$6,696,675$5,214,670$4,834,523$6,747,844
69$7,348,400$5,438,853$4,965,144$7,308,193
70$8,065,614$5,673,034$5,099,153$7,921,302
71$8,854,966$5,917,671$5,236,634$8,592,390
72$9,723,781$6,173,246$5,377,670$9,327,209
73$10,680,132$6,440,261$5,522,348$10,132,084
74$11,732,914$6,719,242$5,670,754$11,013,983
75$12,891,927$7,010,740$5,822,980$11,980,578
76$14,167,970$7,315,333$5,979,116$13,040,313
77$15,572,943$7,633,624$6,139,257$14,202,489
78$17,119,958$7,966,246$6,303,497$15,477,346
79$18,823,464$8,313,863$6,471,934$16,876,161
80$20,699,381$8,677,166$6,644,668$18,411,352
81$22,765,254$9,056,883$6,821,800$20,096,596
82$25,040,413$9,453,774$7,003,434$21,946,956
83$27,546,162$9,868,635$7,189,676$23,979,019
84$30,305,973$10,302,301$7,380,633$26,211,057
85$33,345,713$10,755,645$7,576,415$28,663,194
86$36,693,885$11,229,581$7,777,134$31,357,595
87$40,381,899$11,725,067$7,982,905$34,318,676
88$44,444,365$12,243,108$8,193,845$37,573,330
89$48,919,423$12,784,753$8,410,071$41,151,182
90$53,849,101$13,351,103$8,631,706$45,084,865
91$59,279,714$13,943,312$8,858,873$49,410,329
92$65,262,296$14,562,585$9,091,696$54,167,173
93$71,853,087$15,210,189$9,330,305$59,399,024
94$79,114,061$15,887,447$9,574,829$65,153,942
95$87,113,511$16,595,748$9,825,402$71,484,875
96$95,926,694$17,336,545$10,082,158$78,450,153
97$105,636,541$18,111,360$10,345,235$86,114,040
98$116,334,441$18,921,789$10,614,772$94,547,335
99$128,121,100$19,769,502$10,890,913$103,828,041
100$141,107,495$20,656,251$11,173,802$114,042,098