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%11.4%
1 years$346,832$343,743$340,729$337,787$334,914$332,943
2 years$171,699$168,501$165,402$162,397$159,483$157,494
3 years$113,329$110,117$107,026$104,050$101,182$99,238
4 years$84,150$80,948$77,888$74,962$72,164$70,279
5 years$66,647$63,464$60,444$57,578$54,858$53,037
6 years$54,982$51,823$48,848$46,046$43,407$41,653
7 years$46,653$43,521$40,593$37,857$35,302$33,616
8 years$40,409$37,306$34,426$31,757$29,286$27,668
9 years$35,556$32,481$29,651$27,050$24,663$23,112
10 years$31,675$28,631$25,850$23,317$21,014$19,530
11 years$28,502$25,488$22,758$20,293$18,073$16,655
12 years$25,860$22,877$20,197$17,800$15,662$14,308
13 years$23,626$20,674$18,045$15,714$13,657$12,367
14 years$21,712$18,792$16,214$13,950$11,972$10,743
15 years$20,056$17,167$14,639$12,441$10,541$9,372
16 years$18,608$15,750$13,272$11,139$9,316$8,206
17 years$17,331$14,505$12,077$10,008$8,260$7,207
18 years$16,198$13,404$11,025$9,020$7,345$6,346
19 years$15,185$12,422$10,093$8,150$6,547$5,601
20 years$14,274$11,543$9,263$7,381$5,847$4,953
21 years$13,452$10,752$8,520$6,699$5,233$4,387
22 years$12,705$10,037$7,852$6,091$4,690$3,892
23 years$12,024$9,387$7,250$5,547$4,210$3,458
24 years$11,401$8,795$6,705$5,059$3,784$3,075
25 years$10,828$8,254$6,210$4,621$3,405$2,738
26 years$10,301$7,757$5,760$4,225$3,067$2,440
27 years$9,813$7,301$5,348$3,867$2,766$2,176
28 years$9,361$6,879$4,972$3,543$2,495$1,942
29 years$8,941$6,490$4,627$3,249$2,253$1,734
30 years$8,549$6,129$4,310$2,982$2,036$1,549
31 years$8,184$5,794$4,018$2,739$1,841$1,385
32 years$7,842$5,482$3,749$2,517$1,665$1,238
33 years$7,522$5,192$3,500$2,314$1,507$1,108
34 years$7,221$4,921$3,270$2,129$1,364$992
35 years$6,937$4,667$3,058$1,960$1,236$888
36 years$6,671$4,430$2,860$1,805$1,120$795
37 years$6,419$4,207$2,677$1,663$1,015$712
38 years$6,181$3,998$2,507$1,533$920$638
39 years$5,956$3,802$2,349$1,414$834$572
40 years$5,742$3,617$2,202$1,304$757$512
41 years$5,540$3,443$2,064$1,203$687$459
42 years$5,347$3,279$1,937$1,110$623$412
43 years$5,164$3,125$1,817$1,025$565$369
44 years$4,990$2,978$1,706$946$513$331
45 years$4,824$2,840$1,602$874$466$297
46 years$4,666$2,709$1,504$807$423$266
47 years$4,515$2,586$1,413$746$384$239
48 years$4,371$2,468$1,328$689$349$214
49 years$4,233$2,357$1,248$637$317$192
50 years$4,101$2,252$1,174$589$288$173

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 $5,278 every year, while hoping to spend $56,556 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: 43/35/22 Blend
63$4,200,000$4,200,000$4,200,000$4,200,000
64$4,633,844$4,411,244$4,346,144$4,803,192
65$5,046,321$4,567,220$4,431,565$5,079,824
66$5,498,975$4,728,943$4,517,952$5,373,467
67$5,995,845$4,896,636$4,605,277$5,690,471
68$6,541,378$5,070,528$4,693,511$6,033,022
69$7,140,476$5,250,861$4,782,621$6,403,522
70$7,798,536$5,437,884$4,872,570$6,804,614
71$8,521,504$5,631,858$4,963,318$7,239,202
72$9,315,932$5,833,053$5,054,824$7,710,481
73$10,189,036$6,041,752$5,147,040$8,221,962
74$11,148,768$6,258,248$5,239,916$8,777,510
75$12,203,886$6,482,846$5,333,397$9,381,376
76$13,364,042$6,715,865$5,427,425$10,038,236
77$14,639,867$6,957,636$5,521,937$10,753,236
78$16,043,077$7,208,503$5,616,865$11,532,039
79$17,586,577$7,468,826$5,712,136$12,380,875
80$19,284,588$7,738,979$5,807,673$13,306,604
81$21,152,778$8,019,351$5,903,392$14,316,773
82$23,208,409$8,310,347$5,999,204$15,419,691
83$25,470,504$8,612,391$6,095,014$16,624,507
84$27,960,020$8,925,922$6,190,722$17,941,289
85$30,700,049$9,251,400$6,286,218$19,381,125
86$33,716,037$9,589,301$6,381,389$20,956,222
87$37,036,019$9,940,124$6,476,112$22,680,019
88$40,690,890$10,304,387$6,570,259$24,567,318
89$44,714,690$10,682,630$6,663,691$26,634,416
90$49,144,926$11,075,418$6,756,263$28,899,261
91$54,022,931$11,483,336$6,847,821$31,381,618
92$59,394,247$11,906,996$6,938,200$34,103,257
93$65,309,059$12,347,037$7,027,227$37,088,152
94$71,822,663$12,804,122$7,114,720$40,362,709
95$78,995,996$13,278,946$7,200,485$43,956,015
96$86,896,203$13,772,229$7,284,316$47,900,105
97$95,597,273$14,284,726$7,365,998$52,230,269
98$105,180,738$14,817,221$7,445,302$56,985,376
99$115,736,442$15,370,533$7,521,989$62,208,248
100$127,363,387$15,945,517$7,595,803$67,946,052