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%19.1%
1 years$371,606$368,296$365,066$361,914$358,836$345,692
2 years$183,963$180,537$177,217$173,997$170,874$157,778
3 years$121,424$117,983$114,671$111,482$108,410$95,773
4 years$90,160$86,730$83,451$80,316$77,319$65,239
5 years$71,407$67,997$64,761$61,691$58,776$47,284
6 years$58,909$55,525$52,337$49,334$46,508$35,611
7 years$49,985$46,630$43,492$40,561$37,823$27,520
8 years$43,296$39,970$36,885$34,025$31,378$21,659
9 years$38,095$34,801$31,769$28,982$26,425$17,277
10 years$33,937$30,676$27,697$24,983$22,515$13,922
11 years$30,538$27,309$24,384$21,742$19,364$11,307
12 years$27,707$24,511$21,640$19,071$16,780$9,240
13 years$25,313$22,151$19,334$16,837$14,633$7,588
14 years$23,263$20,134$17,372$14,946$12,827$6,256
15 years$21,488$18,393$15,684$13,329$11,294$5,174
16 years$19,937$16,875$14,220$11,935$9,982$4,290
17 years$18,569$15,542$12,940$10,723$8,850$3,565
18 years$17,355$14,361$11,812$9,664$7,869$2,968
19 years$16,270$13,310$10,814$8,732$7,014$2,474
20 years$15,294$12,368$9,924$7,909$6,265$2,065
21 years$14,413$11,520$9,128$7,178$5,607$1,725
22 years$13,612$10,754$8,413$6,526$5,026$1,442
23 years$12,883$10,058$7,768$5,943$4,511$1,207
24 years$12,215$9,424$7,184$5,421$4,055$1,010
25 years$11,602$8,844$6,654$4,951$3,649$846
26 years$11,036$8,311$6,171$4,527$3,287$709
27 years$10,514$7,822$5,731$4,143$2,963$594
28 years$10,030$7,371$5,327$3,796$2,674$498
29 years$9,579$6,953$4,957$3,481$2,414$418
30 years$9,160$6,567$4,618$3,195$2,181$350
31 years$8,769$6,208$4,305$2,934$1,972$294
32 years$8,402$5,874$4,017$2,697$1,784$247
33 years$8,059$5,563$3,750$2,480$1,615$207
34 years$7,736$5,272$3,504$2,282$1,462$174
35 years$7,433$5,000$3,276$2,100$1,324$146
36 years$7,147$4,746$3,065$1,934$1,200$122
37 years$6,877$4,508$2,868$1,782$1,087$103
38 years$6,622$4,284$2,686$1,643$986$86
39 years$6,381$4,074$2,517$1,515$894$72
40 years$6,152$3,876$2,359$1,397$811$61
41 years$5,935$3,689$2,212$1,289$736$51
42 years$5,729$3,514$2,075$1,190$667$43
43 years$5,533$3,348$1,947$1,098$606$36
44 years$5,347$3,191$1,828$1,014$550$30
45 years$5,169$3,043$1,716$936$499$25
46 years$4,999$2,903$1,612$865$453$21
47 years$4,838$2,770$1,514$799$412$18
48 years$4,683$2,645$1,423$738$374$15
49 years$4,535$2,525$1,337$682$339$13
50 years$4,394$2,412$1,257$631$308$11

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 $2,827 every year, while hoping to spend $21,426 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: 44/50/6 Blend
63$4,500,000$4,500,000$4,500,000$4,500,000
64$4,961,916$4,723,416$4,653,666$5,171,731
65$5,445,234$4,932,066$4,786,767$5,525,609
66$5,977,133$5,150,222$4,923,608$5,906,476
67$6,562,545$5,378,327$5,064,293$6,318,748
68$7,206,904$5,616,845$5,208,927$6,765,311
69$7,916,200$5,866,263$5,357,618$7,249,330
70$8,697,032$6,127,088$5,510,477$7,774,280
71$9,556,669$6,399,856$5,667,618$8,343,972
72$10,503,125$6,685,124$5,829,159$8,962,591
73$11,545,227$6,983,479$5,995,219$9,634,734
74$12,692,703$7,295,532$6,165,922$10,365,445
75$13,956,272$7,621,927$6,341,393$11,160,267
76$15,347,746$7,963,335$6,521,764$12,025,288
77$16,880,140$8,320,463$6,707,168$12,967,198
78$18,567,797$8,694,048$6,897,740$13,993,346
79$20,426,520$9,084,864$7,093,622$15,111,810
80$22,473,724$9,493,721$7,294,957$16,331,468
81$24,728,599$9,921,469$7,501,894$17,662,079
82$27,212,293$10,368,997$7,714,584$19,114,374
83$29,948,106$10,837,237$7,933,182$20,700,149
84$32,961,717$11,327,166$8,157,848$22,432,378
85$36,281,422$11,839,808$8,388,745$24,325,327
86$39,938,402$12,376,233$8,626,043$26,394,689
87$43,967,016$12,937,565$8,869,913$28,657,723
88$48,405,128$13,524,983$9,120,531$31,133,418
89$53,294,462$14,139,718$9,378,080$33,842,662
90$58,680,997$14,783,064$9,642,745$36,808,439
91$64,615,399$15,456,374$9,914,717$40,056,039
92$71,153,501$16,161,068$10,194,192$43,613,292
93$78,356,831$16,898,633$10,481,370$47,510,821
94$86,293,189$17,670,627$10,776,458$51,782,334
95$95,037,291$18,478,684$11,079,665$56,464,928
96$104,671,470$19,324,515$11,391,209$61,599,436
97$115,286,457$20,209,914$11,711,312$67,230,806
98$126,982,235$21,136,759$12,040,201$73,408,518
99$139,868,985$22,107,022$12,378,109$80,187,045
100$154,068,122$23,122,766$12,725,276$87,626,355