Can I retire at age 64 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$371,606$368,296$365,066$361,914$358,836$350,304
2 years$183,963$180,537$177,217$173,997$170,874$162,328
3 years$121,424$117,983$114,671$111,482$108,410$100,116
4 years$90,160$86,730$83,451$80,316$77,319$69,342
5 years$71,407$67,997$64,761$61,691$58,776$51,139
6 years$58,909$55,525$52,337$49,334$46,508$39,218
7 years$49,985$46,630$43,492$40,561$37,823$30,881
8 years$43,296$39,970$36,885$34,025$31,378$24,781
9 years$38,095$34,801$31,769$28,982$26,425$20,168
10 years$33,937$30,676$27,697$24,983$22,515$16,591
11 years$30,538$27,309$24,384$21,742$19,364$13,765
12 years$27,707$24,511$21,640$19,071$16,780$11,496
13 years$25,313$22,151$19,334$16,837$14,633$9,654
14 years$23,263$20,134$17,372$14,946$12,827$8,143
15 years$21,488$18,393$15,684$13,329$11,294$6,894
16 years$19,937$16,875$14,220$11,935$9,982$5,854
17 years$18,569$15,542$12,940$10,723$8,850$4,983
18 years$17,355$14,361$11,812$9,664$7,869$4,251
19 years$16,270$13,310$10,814$8,732$7,014$3,633
20 years$15,294$12,368$9,924$7,909$6,265$3,109
21 years$14,413$11,520$9,128$7,178$5,607$2,665
22 years$13,612$10,754$8,413$6,526$5,026$2,286
23 years$12,883$10,058$7,768$5,943$4,511$1,963
24 years$12,215$9,424$7,184$5,421$4,055$1,687
25 years$11,602$8,844$6,654$4,951$3,649$1,451
26 years$11,036$8,311$6,171$4,527$3,287$1,248
27 years$10,514$7,822$5,731$4,143$2,963$1,075
28 years$10,030$7,371$5,327$3,796$2,674$926
29 years$9,579$6,953$4,957$3,481$2,414$798
30 years$9,160$6,567$4,618$3,195$2,181$687
31 years$8,769$6,208$4,305$2,934$1,972$593
32 years$8,402$5,874$4,017$2,697$1,784$511
33 years$8,059$5,563$3,750$2,480$1,615$441
34 years$7,736$5,272$3,504$2,282$1,462$380
35 years$7,433$5,000$3,276$2,100$1,324$328
36 years$7,147$4,746$3,065$1,934$1,200$283
37 years$6,877$4,508$2,868$1,782$1,087$244
38 years$6,622$4,284$2,686$1,643$986$211
39 years$6,381$4,074$2,517$1,515$894$182
40 years$6,152$3,876$2,359$1,397$811$157
41 years$5,935$3,689$2,212$1,289$736$136
42 years$5,729$3,514$2,075$1,190$667$117
43 years$5,533$3,348$1,947$1,098$606$101
44 years$5,347$3,191$1,828$1,014$550$87
45 years$5,169$3,043$1,716$936$499$75
46 years$4,999$2,903$1,612$865$453$65
47 years$4,838$2,770$1,514$799$412$56
48 years$4,683$2,645$1,423$738$374$48
49 years$4,535$2,525$1,337$682$339$42
50 years$4,394$2,412$1,257$631$308$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,500,000, adding $2,972 every year, while hoping to spend $37,782 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: 61/32/7 Blend
63$4,500,000$4,500,000$4,500,000$4,500,000
64$4,962,066$4,723,566$4,653,816$5,257,641
65$5,427,997$4,914,821$4,769,519$5,646,891
66$5,940,186$5,114,181$4,887,832$6,066,778
67$6,503,313$5,322,003$5,008,802$6,523,941
68$7,122,531$5,538,662$5,132,477$7,021,975
69$7,803,520$5,764,547$5,258,906$7,564,833
70$8,552,536$6,000,067$5,388,136$8,156,860
71$9,376,473$6,245,649$5,520,217$8,802,838
72$10,282,927$6,501,739$5,655,198$9,508,026
73$11,280,265$6,768,804$5,793,126$10,278,210
74$12,377,709$7,047,332$5,934,053$11,119,756
75$13,585,419$7,337,834$6,078,027$12,039,668
76$14,914,588$7,640,844$6,225,097$13,045,655
77$16,377,551$7,956,921$6,375,313$14,146,198
78$17,987,899$8,286,648$6,528,724$15,350,635
79$19,760,607$8,630,636$6,685,379$16,669,241
80$21,712,177$8,989,525$6,845,327$18,113,325
81$23,860,790$9,363,984$7,008,617$19,695,339
82$26,226,483$9,754,710$7,175,297$21,428,990
83$28,831,330$10,162,438$7,345,416$23,329,365
84$31,699,659$10,587,930$7,519,020$25,413,080
85$34,858,275$11,031,989$7,696,158$27,698,424
86$38,336,715$11,495,453$7,876,875$30,205,540
87$42,167,527$11,979,197$8,061,218$32,956,603
88$46,386,576$12,484,140$8,249,230$35,976,034
89$51,033,385$13,011,240$8,440,957$39,290,727
90$56,151,502$13,561,503$8,636,441$42,930,296
91$61,788,918$14,135,979$8,835,725$46,927,357
92$67,998,514$14,735,768$9,038,848$51,317,832
93$74,838,563$15,362,022$9,245,850$56,141,281
94$82,373,279$16,015,944$9,456,769$61,441,277
95$90,673,424$16,698,796$9,671,641$67,265,815
96$99,816,973$17,411,896$9,890,501$73,667,756
97$109,889,852$18,156,627$10,113,380$80,705,328
98$120,986,748$18,934,433$10,340,310$88,442,669
99$133,212,004$19,746,828$10,571,318$96,950,430
100$146,680,602$20,595,395$10,806,430$106,306,439