Can I retire at age 64 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$355,090$351,927$348,841$345,829$342,888$339,873
2 years$175,787$172,513$169,340$166,264$163,280$160,242
3 years$116,027$112,739$109,574$106,527$103,592$100,624
4 years$86,153$82,875$79,742$76,747$73,882$71,009
5 years$68,234$64,975$61,883$58,949$56,164$53,393
6 years$56,291$53,057$50,011$47,142$44,441$41,776
7 years$47,764$44,557$41,559$38,758$36,142$33,584
8 years$41,371$38,194$35,245$32,513$29,984$27,532
9 years$36,402$33,255$30,357$27,694$25,250$22,905
10 years$32,429$29,312$26,466$23,872$21,515$19,274
11 years$29,181$26,095$23,300$20,776$18,503$16,366
12 years$26,475$23,422$20,678$18,223$16,035$13,998
13 years$24,188$21,166$18,475$16,089$13,982$12,044
14 years$22,229$19,239$16,600$14,282$12,257$10,415
15 years$20,533$17,576$14,987$12,737$10,792$9,044
16 years$19,051$16,125$13,588$11,404$9,538$7,880
17 years$17,744$14,851$12,365$10,247$8,457$6,887
18 years$16,583$13,723$11,287$9,234$7,520$6,035
19 years$15,546$12,718$10,333$8,344$6,702$5,300
20 years$14,614$11,818$9,483$7,557$5,987$4,663
21 years$13,772$11,008$8,723$6,859$5,357$4,109
22 years$13,007$10,276$8,039$6,236$4,802$3,626
23 years$12,310$9,611$7,423$5,679$4,311$3,205
24 years$11,672$9,005$6,865$5,180$3,875$2,835
25 years$11,086$8,450$6,358$4,731$3,487$2,510
26 years$10,546$7,942$5,897$4,325$3,141$2,225
27 years$10,047$7,474$5,476$3,959$2,831$1,973
28 years$9,584$7,043$5,090$3,627$2,555$1,751
29 years$9,154$6,644$4,737$3,326$2,307$1,555
30 years$8,753$6,275$4,412$3,053$2,085$1,381
31 years$8,379$5,932$4,114$2,804$1,885$1,228
32 years$8,029$5,613$3,838$2,577$1,705$1,092
33 years$7,701$5,315$3,584$2,369$1,543$971
34 years$7,393$5,038$3,348$2,180$1,397$864
35 years$7,103$4,778$3,130$2,007$1,265$769
36 years$6,829$4,535$2,928$1,848$1,146$685
37 years$6,572$4,307$2,741$1,703$1,039$610
38 years$6,328$4,094$2,567$1,570$942$543
39 years$6,097$3,893$2,405$1,447$854$484
40 years$5,879$3,704$2,254$1,335$775$431
41 years$5,671$3,525$2,114$1,232$703$384
42 years$5,475$3,357$1,983$1,137$638$342
43 years$5,287$3,199$1,860$1,049$579$305
44 years$5,109$3,049$1,746$969$525$272
45 years$4,939$2,908$1,640$895$477$242
46 years$4,777$2,774$1,540$826$433$216
47 years$4,623$2,647$1,447$764$393$193
48 years$4,475$2,527$1,360$706$357$172
49 years$4,334$2,413$1,278$652$324$153
50 years$4,198$2,305$1,202$603$295$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,300,000, adding $2,591 every year, while hoping to spend $28,081 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: 51/44/5 Blend
63$4,300,000$4,300,000$4,300,000$4,300,000
64$4,741,273$4,513,373$4,446,723$4,977,466
65$5,195,004$4,704,650$4,565,810$5,329,361
66$5,694,076$4,904,359$4,687,945$5,708,409
67$6,243,082$5,112,882$4,813,202$6,119,753
68$6,847,085$5,330,622$4,941,653$6,566,428
69$7,511,663$5,557,998$5,073,374$7,051,767
70$8,242,963$5,795,451$5,208,442$7,579,430
71$9,047,756$6,043,439$5,346,936$8,153,441
72$9,933,505$6,302,445$5,488,936$8,778,220
73$10,908,431$6,572,973$5,634,524$9,458,624
74$11,981,593$6,855,551$5,783,782$10,199,992
75$13,162,973$7,150,731$5,936,797$11,008,196
76$14,463,571$7,459,091$6,093,654$11,889,687
77$15,895,506$7,781,238$6,254,442$12,851,561
78$17,472,133$8,117,803$6,419,251$13,901,621
79$19,208,167$8,469,452$6,588,173$15,048,450
80$21,119,824$8,836,879$6,761,301$16,301,484
81$23,224,972$9,220,812$6,938,729$17,671,108
82$25,543,298$9,622,011$7,120,556$19,168,744
83$28,096,499$10,041,274$7,306,880$20,806,957
84$30,908,482$10,479,437$7,497,800$22,599,576
85$34,005,591$10,937,372$7,693,420$24,561,814
86$37,416,854$11,415,997$7,893,843$26,710,415
87$41,174,262$11,916,269$8,099,175$29,063,805
88$45,313,063$12,439,192$8,309,523$31,642,264
89$49,872,100$12,985,818$8,524,998$34,468,115
90$54,894,179$13,557,248$8,745,709$37,565,927
91$60,426,466$14,154,634$8,971,771$40,962,747
92$66,520,938$14,779,183$9,203,298$44,688,353
93$73,234,873$15,432,162$9,440,407$48,775,523
94$80,631,385$16,114,893$9,683,217$53,260,349
95$88,780,029$16,828,765$9,931,847$58,182,566
96$97,757,447$17,575,230$10,186,419$63,585,928
97$107,648,101$18,355,811$10,447,058$69,518,611
98$118,545,062$19,172,101$10,713,890$76,033,668
99$130,550,895$20,025,770$10,987,041$83,189,518
100$143,778,620$20,918,567$11,266,641$91,050,495