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

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$355,090$351,927$348,841$345,829$342,888$336,930
2 years$175,787$172,513$169,340$166,264$163,280$157,297
3 years$116,027$112,739$109,574$106,527$103,592$97,770
4 years$86,153$82,875$79,742$76,747$73,882$68,266
5 years$68,234$64,975$61,883$58,949$56,164$50,770
6 years$56,291$53,057$50,011$47,142$44,441$39,275
7 years$47,764$44,557$41,559$38,758$36,142$31,206
8 years$41,371$38,194$35,245$32,513$29,984$25,276
9 years$36,402$33,255$30,357$27,694$25,250$20,769
10 years$32,429$29,312$26,466$23,872$21,515$17,255
11 years$29,181$26,095$23,300$20,776$18,503$14,461
12 years$26,475$23,422$20,678$18,223$16,035$12,204
13 years$24,188$21,166$18,475$16,089$13,982$10,358
14 years$22,229$19,239$16,600$14,282$12,257$8,832
15 years$20,533$17,576$14,987$12,737$10,792$7,561
16 years$19,051$16,125$13,588$11,404$9,538$6,493
17 years$17,744$14,851$12,365$10,247$8,457$5,591
18 years$16,583$13,723$11,287$9,234$7,520$4,826
19 years$15,546$12,718$10,333$8,344$6,702$4,173
20 years$14,614$11,818$9,483$7,557$5,987$3,615
21 years$13,772$11,008$8,723$6,859$5,357$3,136
22 years$13,007$10,276$8,039$6,236$4,802$2,724
23 years$12,310$9,611$7,423$5,679$4,311$2,369
24 years$11,672$9,005$6,865$5,180$3,875$2,061
25 years$11,086$8,450$6,358$4,731$3,487$1,795
26 years$10,546$7,942$5,897$4,325$3,141$1,565
27 years$10,047$7,474$5,476$3,959$2,831$1,365
28 years$9,584$7,043$5,090$3,627$2,555$1,191
29 years$9,154$6,644$4,737$3,326$2,307$1,040
30 years$8,753$6,275$4,412$3,053$2,085$908
31 years$8,379$5,932$4,114$2,804$1,885$793
32 years$8,029$5,613$3,838$2,577$1,705$693
33 years$7,701$5,315$3,584$2,369$1,543$606
34 years$7,393$5,038$3,348$2,180$1,397$530
35 years$7,103$4,778$3,130$2,007$1,265$463
36 years$6,829$4,535$2,928$1,848$1,146$405
37 years$6,572$4,307$2,741$1,703$1,039$354
38 years$6,328$4,094$2,567$1,570$942$310
39 years$6,097$3,893$2,405$1,447$854$271
40 years$5,879$3,704$2,254$1,335$775$237
41 years$5,671$3,525$2,114$1,232$703$208
42 years$5,475$3,357$1,983$1,137$638$182
43 years$5,287$3,199$1,860$1,049$579$159
44 years$5,109$3,049$1,746$969$525$139
45 years$4,939$2,908$1,640$895$477$122
46 years$4,777$2,774$1,540$826$433$107
47 years$4,623$2,647$1,447$764$393$93
48 years$4,475$2,527$1,360$706$357$82
49 years$4,334$2,413$1,278$652$324$72
50 years$4,198$2,305$1,202$603$295$63

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 $5,317 every year, while hoping to spend $37,513 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: 55/37/8 Blend
63$4,300,000$4,300,000$4,300,000$4,300,000
64$4,744,084$4,516,184$4,449,534$4,995,722
65$5,188,068$4,697,564$4,558,680$5,347,735
66$5,676,080$4,886,574$4,670,225$5,726,198
67$6,212,572$5,083,548$4,784,210$6,137,342
68$6,802,449$5,288,837$4,900,676$6,584,277
69$7,451,113$5,502,804$5,019,663$7,070,424
70$8,164,518$5,725,833$5,141,213$7,599,542
71$8,949,222$5,958,322$5,265,367$8,175,765
72$9,812,452$6,200,689$5,392,166$8,803,639
73$10,762,169$6,453,369$5,521,650$9,488,161
74$11,807,145$6,716,819$5,653,860$10,234,829
75$12,957,047$6,991,517$5,788,838$11,049,691
76$14,222,525$7,277,960$5,926,623$11,939,398
77$15,615,313$7,576,670$6,067,255$12,911,269
78$17,148,341$7,888,193$6,210,774$13,973,355
79$18,835,856$8,213,099$6,357,220$15,134,516
80$20,693,557$8,551,985$6,506,630$16,404,503
81$22,738,742$8,905,474$6,659,044$17,794,045
82$24,990,470$9,274,219$6,814,499$19,314,950
83$27,469,744$9,658,902$6,973,031$20,980,216
84$30,199,707$10,060,237$7,134,676$22,804,151
85$33,205,860$10,478,972$7,299,471$24,802,503
86$36,516,303$10,915,886$7,467,448$26,992,610
87$40,161,999$11,371,798$7,638,641$29,393,560
88$44,177,069$11,847,562$7,813,081$32,026,366
89$48,599,110$12,344,073$7,990,800$34,914,167
90$53,469,553$12,862,266$8,171,825$38,082,439
91$58,834,051$13,403,120$8,356,185$41,559,236
92$64,742,912$13,967,661$8,543,904$45,375,449
93$71,251,571$14,556,959$8,735,008$49,565,096
94$78,421,118$15,172,137$8,929,518$54,165,640
95$86,318,869$15,814,367$9,127,453$59,218,338
96$95,019,001$16,484,880$9,328,830$64,768,629
97$104,603,259$17,184,959$9,533,666$70,866,559
98$115,161,720$17,915,949$9,741,972$77,567,245
99$126,793,644$18,679,260$9,953,757$84,931,397
100$139,608,416$19,476,364$10,169,028$93,025,887