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%15.4%
1 years$371,606$368,296$365,066$361,914$358,836$350,874
2 years$183,963$180,537$177,217$173,997$170,874$162,894
3 years$121,424$117,983$114,671$111,482$108,410$100,661
4 years$90,160$86,730$83,451$80,316$77,319$69,860
5 years$71,407$67,997$64,761$61,691$58,776$51,630
6 years$58,909$55,525$52,337$49,334$46,508$39,680
7 years$49,985$46,630$43,492$40,561$37,823$31,316
8 years$43,296$39,970$36,885$34,025$31,378$25,189
9 years$38,095$34,801$31,769$28,982$26,425$20,549
10 years$33,937$30,676$27,697$24,983$22,515$16,947
11 years$30,538$27,309$24,384$21,742$19,364$14,095
12 years$27,707$24,511$21,640$19,071$16,780$11,803
13 years$25,313$22,151$19,334$16,837$14,633$9,939
14 years$23,263$20,134$17,372$14,946$12,827$8,406
15 years$21,488$18,393$15,684$13,329$11,294$7,136
16 years$19,937$16,875$14,220$11,935$9,982$6,077
17 years$18,569$15,542$12,940$10,723$8,850$5,188
18 years$17,355$14,361$11,812$9,664$7,869$4,439
19 years$16,270$13,310$10,814$8,732$7,014$3,805
20 years$15,294$12,368$9,924$7,909$6,265$3,266
21 years$14,413$11,520$9,128$7,178$5,607$2,808
22 years$13,612$10,754$8,413$6,526$5,026$2,416
23 years$12,883$10,058$7,768$5,943$4,511$2,081
24 years$12,215$9,424$7,184$5,421$4,055$1,794
25 years$11,602$8,844$6,654$4,951$3,649$1,548
26 years$11,036$8,311$6,171$4,527$3,287$1,336
27 years$10,514$7,822$5,731$4,143$2,963$1,154
28 years$10,030$7,371$5,327$3,796$2,674$997
29 years$9,579$6,953$4,957$3,481$2,414$862
30 years$9,160$6,567$4,618$3,195$2,181$746
31 years$8,769$6,208$4,305$2,934$1,972$645
32 years$8,402$5,874$4,017$2,697$1,784$558
33 years$8,059$5,563$3,750$2,480$1,615$483
34 years$7,736$5,272$3,504$2,282$1,462$418
35 years$7,433$5,000$3,276$2,100$1,324$362
36 years$7,147$4,746$3,065$1,934$1,200$313
37 years$6,877$4,508$2,868$1,782$1,087$271
38 years$6,622$4,284$2,686$1,643$986$235
39 years$6,381$4,074$2,517$1,515$894$203
40 years$6,152$3,876$2,359$1,397$811$176
41 years$5,935$3,689$2,212$1,289$736$153
42 years$5,729$3,514$2,075$1,190$667$132
43 years$5,533$3,348$1,947$1,098$606$114
44 years$5,347$3,191$1,828$1,014$550$99
45 years$5,169$3,043$1,716$936$499$86
46 years$4,999$2,903$1,612$865$453$74
47 years$4,838$2,770$1,514$799$412$64
48 years$4,683$2,645$1,423$738$374$56
49 years$4,535$2,525$1,337$682$339$48
50 years$4,394$2,412$1,257$631$308$42

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 $6,994 every year, while hoping to spend $32,434 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: 49/27/24 Blend
63$4,500,000$4,500,000$4,500,000$4,500,000
64$4,966,214$4,727,714$4,657,964$5,175,534
65$5,438,259$4,924,863$4,779,497$5,519,385
66$5,957,364$5,130,584$4,904,013$5,888,921
67$6,528,298$5,345,265$5,031,580$6,289,739
68$7,156,310$5,569,309$5,162,263$6,724,806
69$7,847,186$5,803,137$5,296,131$7,197,382
70$8,607,301$6,047,193$5,433,254$7,711,052
71$9,443,678$6,301,938$5,573,700$8,269,757
72$10,364,056$6,567,856$5,717,542$8,877,831
73$11,376,962$6,845,453$5,864,852$9,540,039
74$12,491,791$7,135,260$6,015,704$10,261,623
75$13,718,896$7,437,830$6,170,172$11,048,349
76$15,069,684$7,753,743$6,328,333$11,906,559
77$16,556,722$8,083,608$6,490,263$12,843,231
78$18,193,862$8,428,058$6,656,041$13,866,044
79$19,996,362$8,787,760$6,825,745$14,983,447
80$21,981,040$9,163,409$6,999,456$16,204,735
81$24,166,424$9,555,734$7,177,256$17,540,141
82$26,572,932$9,965,497$7,359,226$19,000,928
83$29,223,061$10,393,497$7,545,451$20,599,489
84$32,141,604$10,840,569$7,736,014$22,349,471
85$35,355,879$11,307,588$7,931,002$24,265,894
86$38,895,989$11,795,470$8,130,501$26,365,292
87$42,795,105$12,305,173$8,334,597$28,665,873
88$47,089,780$12,837,701$8,543,381$31,187,679
89$51,820,293$13,394,104$8,756,940$33,952,781
90$57,031,030$13,975,483$8,975,365$36,985,480
91$62,770,903$14,582,988$9,198,747$40,312,536
92$69,093,807$15,217,827$9,427,177$43,963,417
93$76,059,137$15,881,262$9,660,749$47,970,574
94$83,732,339$16,574,614$9,899,554$52,369,746
95$92,185,536$17,299,269$10,143,688$57,200,292
96$101,498,203$18,056,675$10,393,243$62,505,563
97$111,757,919$18,848,351$10,648,316$68,333,301
98$123,061,193$19,675,887$10,909,001$74,736,095
99$135,514,376$20,540,946$11,175,394$81,771,867
100$149,234,663$21,445,274$11,447,590$89,504,419