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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$371,606$368,296$365,066$361,914$358,836$352,602
2 years$183,963$180,537$177,217$173,997$170,874$164,613
3 years$121,424$117,983$114,671$111,482$108,410$102,317
4 years$90,160$86,730$83,451$80,316$77,319$71,442
5 years$71,407$67,997$64,761$61,691$58,776$53,132
6 years$58,909$55,525$52,337$49,334$46,508$41,102
7 years$49,985$46,630$43,492$40,561$37,823$32,658
8 years$43,296$39,970$36,885$34,025$31,378$26,452
9 years$38,095$34,801$31,769$28,982$26,425$21,735
10 years$33,937$30,676$27,697$24,983$22,515$18,058
11 years$30,538$27,309$24,384$21,742$19,364$15,134
12 years$27,707$24,511$21,640$19,071$16,780$12,772
13 years$25,313$22,151$19,334$16,837$14,633$10,840
14 years$23,263$20,134$17,372$14,946$12,827$9,243
15 years$21,488$18,393$15,684$13,329$11,294$7,912
16 years$19,937$16,875$14,220$11,935$9,982$6,795
17 years$18,569$15,542$12,940$10,723$8,850$5,851
18 years$17,355$14,361$11,812$9,664$7,869$5,050
19 years$16,270$13,310$10,814$8,732$7,014$4,368
20 years$15,294$12,368$9,924$7,909$6,265$3,783
21 years$14,413$11,520$9,128$7,178$5,607$3,282
22 years$13,612$10,754$8,413$6,526$5,026$2,851
23 years$12,883$10,058$7,768$5,943$4,511$2,479
24 years$12,215$9,424$7,184$5,421$4,055$2,157
25 years$11,602$8,844$6,654$4,951$3,649$1,879
26 years$11,036$8,311$6,171$4,527$3,287$1,638
27 years$10,514$7,822$5,731$4,143$2,963$1,428
28 years$10,030$7,371$5,327$3,796$2,674$1,246
29 years$9,579$6,953$4,957$3,481$2,414$1,088
30 years$9,160$6,567$4,618$3,195$2,181$950
31 years$8,769$6,208$4,305$2,934$1,972$830
32 years$8,402$5,874$4,017$2,697$1,784$725
33 years$8,059$5,563$3,750$2,480$1,615$634
34 years$7,736$5,272$3,504$2,282$1,462$554
35 years$7,433$5,000$3,276$2,100$1,324$485
36 years$7,147$4,746$3,065$1,934$1,200$424
37 years$6,877$4,508$2,868$1,782$1,087$371
38 years$6,622$4,284$2,686$1,643$986$324
39 years$6,381$4,074$2,517$1,515$894$284
40 years$6,152$3,876$2,359$1,397$811$248
41 years$5,935$3,689$2,212$1,289$736$217
42 years$5,729$3,514$2,075$1,190$667$190
43 years$5,533$3,348$1,947$1,098$606$166
44 years$5,347$3,191$1,828$1,014$550$146
45 years$5,169$3,043$1,716$936$499$128
46 years$4,999$2,903$1,612$865$453$112
47 years$4,838$2,770$1,514$799$412$98
48 years$4,683$2,645$1,423$738$374$86
49 years$4,535$2,525$1,337$682$339$75
50 years$4,394$2,412$1,257$631$308$66

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 $5,002 every year, while hoping to spend $35,805 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: 62/28/10 Blend
63$4,500,000$4,500,000$4,500,000$4,500,000
64$4,964,160$4,725,660$4,655,910$5,260,507
65$5,432,408$4,919,121$4,773,786$5,652,913
66$5,947,217$5,120,861$4,894,412$6,076,469
67$6,513,299$5,331,249$5,017,841$6,537,890
68$7,135,844$5,550,670$5,144,127$7,040,840
69$7,820,573$5,779,524$5,273,328$7,589,352
70$8,573,785$6,018,235$5,405,498$8,187,859
71$9,402,423$6,267,240$5,540,694$8,841,241
72$10,314,137$6,527,002$5,678,974$9,554,865
73$11,317,354$6,798,001$5,820,395$10,334,637
74$12,421,362$7,080,740$5,965,016$11,187,055
75$13,636,392$7,375,748$6,112,895$12,119,273
76$14,973,719$7,683,575$6,264,092$13,139,161
77$16,445,766$8,004,797$6,418,667$14,255,382
78$18,066,220$8,340,018$6,576,678$15,477,472
79$19,850,164$8,689,869$6,738,186$16,815,929
80$21,814,218$9,055,010$6,903,253$18,282,307
81$23,976,695$9,436,132$7,071,939$19,889,328
82$26,357,773$9,833,958$7,244,304$21,650,998
83$28,979,689$10,249,244$7,420,411$23,582,737
84$31,866,942$10,682,782$7,600,320$25,701,525
85$35,046,532$11,135,400$7,784,092$28,026,057
86$38,548,209$11,607,965$7,971,790$30,576,923
87$42,404,755$12,101,385$8,163,474$33,376,792
88$46,652,295$12,616,607$8,359,205$36,450,631
89$51,330,634$13,154,626$8,559,044$39,825,937
90$56,483,639$13,716,483$8,763,051$43,532,991
91$62,159,644$14,303,264$8,971,287$47,605,145
92$68,411,913$14,916,110$9,183,811$52,079,131
93$75,299,142$15,556,213$9,400,683$56,995,409
94$82,886,009$16,224,821$9,621,960$62,398,541
95$91,243,786$16,923,242$9,847,699$68,337,616
96$100,451,013$17,652,842$10,077,958$74,866,702
97$110,594,239$18,415,054$10,312,793$82,045,358
98$121,768,836$19,211,376$10,552,256$89,939,195
99$134,079,903$20,043,380$10,796,402$98,620,485
100$147,643,254$20,912,706$11,045,283$108,168,846