Can I retire at age 64 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$363,348$360,111$356,954$353,872$350,862$348,944
2 years$179,875$176,525$173,278$170,131$167,077$165,141
3 years$118,726$115,361$112,123$109,004$106,001$104,107
4 years$88,157$84,803$81,597$78,531$75,601$73,764
5 years$69,820$66,486$63,322$60,320$57,470$55,697
6 years$57,600$54,291$51,174$48,238$45,474$43,766
7 years$48,875$45,594$42,526$39,659$36,983$35,340
8 years$42,334$39,082$36,065$33,269$30,681$29,104
9 years$37,249$34,028$31,063$28,338$25,838$24,326
10 years$33,183$29,994$27,081$24,428$22,015$20,568
11 years$29,859$26,702$23,842$21,259$18,934$17,550
12 years$27,091$23,966$21,159$18,647$16,407$15,087
13 years$24,751$21,658$18,904$16,463$14,308$13,048
14 years$22,746$19,687$16,986$14,614$12,542$11,342
15 years$21,011$17,984$15,336$13,033$11,043$9,902
16 years$19,494$16,500$13,904$11,670$9,760$8,675
17 years$18,156$15,196$12,652$10,485$8,654$7,624
18 years$16,969$14,042$11,550$9,449$7,694$6,718
19 years$15,908$13,014$10,573$8,538$6,858$5,933
20 years$14,954$12,093$9,704$7,733$6,126$5,251
21 years$14,092$11,264$8,925$7,018$5,482$4,655
22 years$13,310$10,515$8,226$6,381$4,914$4,133
23 years$12,597$9,834$7,595$5,811$4,411$3,674
24 years$11,944$9,214$7,024$5,300$3,965$3,270
25 years$11,344$8,647$6,506$4,841$3,568$2,913
26 years$10,791$8,127$6,034$4,426$3,214$2,598
27 years$10,280$7,648$5,603$4,051$2,897$2,319
28 years$9,807$7,207$5,209$3,712$2,614$2,071
29 years$9,367$6,799$4,847$3,404$2,361$1,851
30 years$8,956$6,421$4,515$3,124$2,133$1,655
31 years$8,574$6,070$4,209$2,869$1,928$1,481
32 years$8,216$5,743$3,927$2,637$1,744$1,325
33 years$7,880$5,439$3,667$2,425$1,579$1,187
34 years$7,564$5,155$3,426$2,231$1,429$1,063
35 years$7,268$4,889$3,203$2,054$1,295$953
36 years$6,988$4,641$2,997$1,891$1,173$854
37 years$6,724$4,408$2,805$1,743$1,063$765
38 years$6,475$4,189$2,627$1,606$964$686
39 years$6,239$3,983$2,461$1,481$874$616
40 years$6,015$3,790$2,306$1,366$793$552
41 years$5,803$3,607$2,163$1,260$719$495
42 years$5,602$3,436$2,029$1,163$653$445
43 years$5,410$3,273$1,904$1,074$592$399
44 years$5,228$3,120$1,787$991$538$358
45 years$5,054$2,975$1,678$916$488$321
46 years$4,888$2,838$1,576$846$443$289
47 years$4,730$2,709$1,481$781$402$259
48 years$4,579$2,586$1,391$722$365$233
49 years$4,434$2,469$1,308$667$332$209
50 years$4,296$2,359$1,229$617$301$188

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,400,000, adding $6,999 every year, while hoping to spend $29,794 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: 75/18/7 Blend
63$4,400,000$4,400,000$4,400,000$4,400,000
64$4,856,019$4,622,819$4,554,619$5,215,252
65$5,319,633$4,817,637$4,675,499$5,647,371
66$5,829,536$5,021,002$4,799,429$6,116,259
67$6,390,420$5,233,302$4,926,480$6,629,197
68$7,007,451$5,454,942$5,056,726$7,190,539
69$7,686,323$5,686,347$5,190,239$7,805,076
70$8,433,310$5,927,960$5,327,093$8,478,082
71$9,255,324$6,180,246$5,467,367$9,215,363
72$10,159,980$6,443,691$5,611,137$10,023,312
73$11,155,670$6,718,804$5,758,482$10,908,965
74$12,251,641$7,006,118$5,909,484$11,880,072
75$13,458,081$7,306,190$6,064,224$12,945,165
76$14,786,217$7,619,605$6,222,787$14,113,638
77$16,248,417$7,946,972$6,385,257$15,395,837
78$17,858,313$8,288,931$6,551,720$16,803,155
79$19,630,924$8,646,151$6,722,266$18,348,137
80$21,582,800$9,019,334$6,896,983$20,044,602
81$23,732,177$9,409,213$7,075,964$21,907,767
82$26,099,150$9,816,556$7,259,300$23,954,392
83$28,705,863$10,242,167$7,447,086$26,202,938
84$31,576,716$10,686,887$7,639,418$28,673,737
85$34,738,595$11,151,599$7,836,393$31,389,185
86$38,221,129$11,637,225$8,038,109$34,373,951
87$42,056,967$12,144,731$8,244,668$37,655,210
88$46,282,084$12,675,130$8,456,171$41,262,893
89$50,936,125$13,229,480$8,672,722$45,229,976
90$56,062,777$13,808,891$8,894,425$49,592,781
91$61,710,179$14,414,526$9,121,387$54,391,324
92$67,931,379$15,047,599$9,353,715$59,669,687
93$74,784,834$15,709,387$9,591,520$65,476,433
94$82,334,963$16,401,222$9,834,911$71,865,063
95$90,652,750$17,124,503$10,084,001$78,894,520
96$99,816,419$17,880,692$10,338,904$86,629,739
97$109,912,171$18,671,323$10,599,734$95,142,263
98$121,034,995$19,498,001$10,866,608$104,510,914
99$133,289,569$20,362,407$11,139,644$114,822,533
100$146,791,243$21,266,303$11,418,960$126,172,799