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%13%
1 years$363,348$360,111$356,954$353,872$350,862$346,478
2 years$179,875$176,525$173,278$170,131$167,077$162,666
3 years$118,726$115,361$112,123$109,004$106,001$101,699
4 years$88,157$84,803$81,597$78,531$75,601$71,442
5 years$69,820$66,486$63,322$60,320$57,470$53,467
6 years$57,600$54,291$51,174$48,238$45,474$41,630
7 years$48,875$45,594$42,526$39,659$36,983$33,300
8 years$42,334$39,082$36,065$33,269$30,681$27,159
9 years$37,249$34,028$31,063$28,338$25,838$22,476
10 years$33,183$29,994$27,081$24,428$22,015$18,810
11 years$29,859$26,702$23,842$21,259$18,934$15,883
12 years$27,091$23,966$21,159$18,647$16,407$13,508
13 years$24,751$21,658$18,904$16,463$14,308$11,555
14 years$22,746$19,687$16,986$14,614$12,542$9,933
15 years$21,011$17,984$15,336$13,033$11,043$8,572
16 years$19,494$16,500$13,904$11,670$9,760$7,424
17 years$18,156$15,196$12,652$10,485$8,654$6,447
18 years$16,969$14,042$11,550$9,449$7,694$5,613
19 years$15,908$13,014$10,573$8,538$6,858$4,897
20 years$14,954$12,093$9,704$7,733$6,126$4,280
21 years$14,092$11,264$8,925$7,018$5,482$3,747
22 years$13,310$10,515$8,226$6,381$4,914$3,284
23 years$12,597$9,834$7,595$5,811$4,411$2,882
24 years$11,944$9,214$7,024$5,300$3,965$2,532
25 years$11,344$8,647$6,506$4,841$3,568$2,226
26 years$10,791$8,127$6,034$4,426$3,214$1,959
27 years$10,280$7,648$5,603$4,051$2,897$1,725
28 years$9,807$7,207$5,209$3,712$2,614$1,520
29 years$9,367$6,799$4,847$3,404$2,361$1,340
30 years$8,956$6,421$4,515$3,124$2,133$1,182
31 years$8,574$6,070$4,209$2,869$1,928$1,043
32 years$8,216$5,743$3,927$2,637$1,744$920
33 years$7,880$5,439$3,667$2,425$1,579$812
34 years$7,564$5,155$3,426$2,231$1,429$717
35 years$7,268$4,889$3,203$2,054$1,295$634
36 years$6,988$4,641$2,997$1,891$1,173$560
37 years$6,724$4,408$2,805$1,743$1,063$495
38 years$6,475$4,189$2,627$1,606$964$437
39 years$6,239$3,983$2,461$1,481$874$387
40 years$6,015$3,790$2,306$1,366$793$342
41 years$5,803$3,607$2,163$1,260$719$302
42 years$5,602$3,436$2,029$1,163$653$267
43 years$5,410$3,273$1,904$1,074$592$236
44 years$5,228$3,120$1,787$991$538$209
45 years$5,054$2,975$1,678$916$488$185
46 years$4,888$2,838$1,576$846$443$164
47 years$4,730$2,709$1,481$781$402$145
48 years$4,579$2,586$1,391$722$365$128
49 years$4,434$2,469$1,308$667$332$113
50 years$4,296$2,359$1,229$617$301$100

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 $3,254 every year, while hoping to spend $46,244 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: 73/20/7 Blend
63$4,400,000$4,400,000$4,400,000$4,400,000
64$4,852,157$4,618,957$4,550,757$5,201,357
65$5,297,873$4,796,082$4,654,004$5,609,100
66$5,787,503$4,980,337$4,759,160$6,049,386
67$6,325,477$5,172,022$4,866,240$6,530,265
68$6,916,674$5,371,450$4,975,258$7,055,730
69$7,566,473$5,578,949$5,086,227$7,630,175
70$8,280,797$5,794,861$5,199,159$8,258,441
71$9,066,171$6,019,542$5,314,064$8,945,851
72$9,929,787$6,253,366$5,430,952$9,698,270
73$10,879,567$6,496,722$5,549,830$10,522,152
74$11,924,237$6,750,016$5,670,703$11,424,605
75$13,073,415$7,013,673$5,793,578$12,413,455
76$14,337,695$7,288,135$5,918,455$13,497,317
77$15,728,752$7,573,865$6,045,335$14,685,681
78$17,259,448$7,871,348$6,174,217$15,988,996
79$18,943,956$8,181,088$6,305,097$17,418,767
80$20,797,891$8,503,613$6,437,969$18,987,669
81$22,838,459$8,839,473$6,572,824$20,709,658
82$25,084,619$9,189,245$6,709,651$22,600,105
83$27,557,262$9,553,529$6,848,436$24,675,942
84$30,279,405$9,932,955$6,989,162$26,955,817
85$33,276,414$10,328,179$7,131,808$29,460,270
86$36,576,235$10,739,886$7,276,350$32,211,927
87$40,209,665$11,168,795$7,422,762$35,235,711
88$44,210,639$11,615,654$7,571,013$38,559,076
89$48,616,549$12,081,246$7,721,066$42,212,265
90$53,468,599$12,566,389$7,872,884$46,228,594
91$58,812,193$13,071,939$8,026,423$50,644,765
92$64,697,362$13,598,790$8,181,633$55,501,211
93$71,179,238$14,147,875$8,338,463$60,842,475
94$78,318,571$14,720,172$8,496,853$66,717,629
95$86,182,307$15,316,702$8,656,738$73,180,739
96$94,844,213$15,938,532$8,818,051$80,291,367
97$104,385,581$16,586,778$8,980,713$88,115,136
98$114,895,986$17,262,606$9,144,643$96,724,347
99$126,474,140$17,967,237$9,309,752$106,198,659
100$139,228,817$18,701,946$9,475,943$116,625,836