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%15.6%
1 years$371,606$368,296$365,066$361,914$358,836$350,589
2 years$183,963$180,537$177,217$173,997$170,874$162,611
3 years$121,424$117,983$114,671$111,482$108,410$100,388
4 years$90,160$86,730$83,451$80,316$77,319$69,601
5 years$71,407$67,997$64,761$61,691$58,776$51,384
6 years$58,909$55,525$52,337$49,334$46,508$39,448
7 years$49,985$46,630$43,492$40,561$37,823$31,098
8 years$43,296$39,970$36,885$34,025$31,378$24,984
9 years$38,095$34,801$31,769$28,982$26,425$20,358
10 years$33,937$30,676$27,697$24,983$22,515$16,768
11 years$30,538$27,309$24,384$21,742$19,364$13,929
12 years$27,707$24,511$21,640$19,071$16,780$11,649
13 years$25,313$22,151$19,334$16,837$14,633$9,795
14 years$23,263$20,134$17,372$14,946$12,827$8,274
15 years$21,488$18,393$15,684$13,329$11,294$7,014
16 years$19,937$16,875$14,220$11,935$9,982$5,964
17 years$18,569$15,542$12,940$10,723$8,850$5,084
18 years$17,355$14,361$11,812$9,664$7,869$4,344
19 years$16,270$13,310$10,814$8,732$7,014$3,718
20 years$15,294$12,368$9,924$7,909$6,265$3,187
21 years$14,413$11,520$9,128$7,178$5,607$2,735
22 years$13,612$10,754$8,413$6,526$5,026$2,350
23 years$12,883$10,058$7,768$5,943$4,511$2,021
24 years$12,215$9,424$7,184$5,421$4,055$1,740
25 years$11,602$8,844$6,654$4,951$3,649$1,499
26 years$11,036$8,311$6,171$4,527$3,287$1,292
27 years$10,514$7,822$5,731$4,143$2,963$1,114
28 years$10,030$7,371$5,327$3,796$2,674$961
29 years$9,579$6,953$4,957$3,481$2,414$829
30 years$9,160$6,567$4,618$3,195$2,181$716
31 years$8,769$6,208$4,305$2,934$1,972$618
32 years$8,402$5,874$4,017$2,697$1,784$534
33 years$8,059$5,563$3,750$2,480$1,615$461
34 years$7,736$5,272$3,504$2,282$1,462$399
35 years$7,433$5,000$3,276$2,100$1,324$344
36 years$7,147$4,746$3,065$1,934$1,200$298
37 years$6,877$4,508$2,868$1,782$1,087$257
38 years$6,622$4,284$2,686$1,643$986$222
39 years$6,381$4,074$2,517$1,515$894$192
40 years$6,152$3,876$2,359$1,397$811$166
41 years$5,935$3,689$2,212$1,289$736$144
42 years$5,729$3,514$2,075$1,190$667$124
43 years$5,533$3,348$1,947$1,098$606$108
44 years$5,347$3,191$1,828$1,014$550$93
45 years$5,169$3,043$1,716$936$499$80
46 years$4,999$2,903$1,612$865$453$70
47 years$4,838$2,770$1,514$799$412$60
48 years$4,683$2,645$1,423$738$374$52
49 years$4,535$2,525$1,337$682$339$45
50 years$4,394$2,412$1,257$631$308$39

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 $6,038 every year, while hoping to spend $30,282 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: 71/14/15 Blend
63$4,500,000$4,500,000$4,500,000$4,500,000
64$4,965,228$4,726,728$4,656,978$5,300,484
65$5,439,462$4,926,118$4,780,767$5,723,248
66$5,961,052$5,134,263$4,907,688$6,181,680
67$6,534,798$5,351,560$5,037,814$6,682,764
68$7,165,986$5,578,425$5,171,219$7,230,707
69$7,860,441$5,815,293$5,307,980$7,830,145
70$8,624,581$6,062,618$5,448,173$8,486,176
71$9,465,479$6,320,876$5,591,877$9,204,417
72$10,390,926$6,590,567$5,739,173$9,991,049
73$11,409,507$6,872,212$5,890,142$10,852,880
74$12,530,683$7,166,357$6,044,868$11,797,405
75$13,764,877$7,473,573$6,203,436$12,832,876
76$15,123,575$7,794,458$6,365,931$13,968,381
77$16,619,433$8,129,640$6,532,443$15,213,929
78$18,266,396$8,479,773$6,703,060$16,580,540
79$20,079,830$8,845,543$6,877,874$18,080,353
80$22,076,667$9,227,670$7,056,978$19,726,735
81$24,275,566$9,626,904$7,240,465$21,534,410
82$26,697,085$10,044,034$7,428,433$23,519,595
83$29,363,880$10,479,884$7,620,977$25,700,152
84$32,300,914$10,935,316$7,818,198$28,095,755
85$35,535,696$11,411,236$8,020,197$30,728,075
86$39,098,539$11,908,588$8,227,075$33,620,986
87$43,022,845$12,428,364$8,438,937$36,800,784
88$47,345,422$12,971,601$8,655,889$40,296,437
89$52,106,831$13,539,385$8,878,037$44,139,856
90$57,351,767$14,132,854$9,105,490$48,366,197
91$63,129,483$14,753,200$9,338,360$53,014,188
92$69,494,253$15,401,669$9,576,757$58,126,495
93$76,505,884$16,079,568$9,820,796$63,750,121
94$84,230,283$16,788,266$10,070,592$69,936,854
95$92,740,076$17,529,195$10,326,261$76,743,744
96$102,115,295$18,303,856$10,587,921$84,233,650
97$112,444,131$19,113,822$10,855,693$92,475,825
98$123,823,771$19,960,737$11,129,697$101,546,569
99$136,361,309$20,846,327$11,410,055$111,529,948
100$150,174,763$21,772,398$11,696,893$122,518,586