Can I retire at age 64 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$379,864$376,480$373,179$369,957$366,810$352,675
2 years$188,051$184,549$181,155$177,864$174,672$160,599
3 years$124,122$120,605$117,219$113,959$110,819$97,252
4 years$92,164$88,657$85,306$82,101$79,037$66,079
5 years$72,994$69,508$66,201$63,062$60,083$47,767
6 years$60,218$56,759$53,500$50,431$47,541$35,876
7 years$51,096$47,666$44,459$41,462$38,664$27,645
8 years$44,258$40,859$37,704$34,781$32,075$21,693
9 years$38,942$35,575$32,475$29,626$27,012$17,251
10 years$34,692$31,357$28,312$25,538$23,016$13,857
11 years$31,216$27,916$24,926$22,226$19,794$11,218
12 years$28,322$25,056$22,121$19,495$17,153$9,136
13 years$25,876$22,643$19,764$17,211$14,958$7,477
14 years$23,780$20,582$17,758$15,278$13,112$6,143
15 years$21,966$18,802$16,033$13,625$11,545$5,062
16 years$20,380$17,250$14,536$12,200$10,203$4,183
17 years$18,982$15,887$13,227$10,962$9,047$3,463
18 years$17,740$14,680$12,075$9,879$8,044$2,872
19 years$16,631$13,605$11,054$8,926$7,170$2,385
20 years$15,634$12,643$10,145$8,084$6,404$1,983
21 years$14,733$11,776$9,331$7,337$5,731$1,650
22 years$13,915$10,993$8,600$6,671$5,137$1,374
23 years$13,169$10,281$7,941$6,075$4,611$1,145
24 years$12,487$9,633$7,344$5,541$4,145$955
25 years$11,860$9,040$6,802$5,061$3,730$797
26 years$11,282$8,496$6,308$4,627$3,360$665
27 years$10,748$7,996$5,858$4,235$3,029$555
28 years$10,252$7,534$5,446$3,880$2,733$464
29 years$9,792$7,108$5,068$3,558$2,468$387
30 years$9,364$6,713$4,720$3,266$2,230$323
31 years$8,963$6,346$4,401$2,999$2,016$270
32 years$8,589$6,004$4,106$2,756$1,824$226
33 years$8,238$5,686$3,834$2,535$1,650$189
34 years$7,908$5,389$3,582$2,332$1,494$158
35 years$7,598$5,112$3,349$2,147$1,353$132
36 years$7,306$4,852$3,133$1,977$1,226$110
37 years$7,030$4,608$2,932$1,822$1,111$92
38 years$6,769$4,379$2,746$1,679$1,008$77
39 years$6,523$4,164$2,573$1,548$914$64
40 years$6,289$3,962$2,411$1,428$829$54
41 years$6,067$3,771$2,261$1,318$752$45
42 years$5,856$3,592$2,121$1,216$682$38
43 years$5,656$3,422$1,990$1,122$619$31
44 years$5,465$3,262$1,868$1,036$562$26
45 years$5,284$3,111$1,754$957$510$22
46 years$5,110$2,967$1,648$884$463$18
47 years$4,945$2,832$1,548$817$421$15
48 years$4,787$2,703$1,455$755$382$13
49 years$4,636$2,582$1,367$698$347$11
50 years$4,491$2,466$1,285$645$315$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,600,000, adding $4,714 every year, while hoping to spend $49,831 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: 52/29/19 Blend
63$4,600,000$4,600,000$4,600,000$4,600,000
64$5,074,062$4,830,262$4,758,962$5,311,191
65$5,538,597$5,013,926$4,865,368$5,658,415
66$6,048,844$5,204,918$4,973,668$6,030,298
67$6,609,413$5,403,546$5,083,873$6,433,719
68$7,225,384$5,610,130$5,195,993$6,871,687
69$7,902,351$5,825,004$5,310,036$7,347,511
70$8,646,477$6,048,516$5,426,009$7,864,832
71$9,464,554$6,281,030$5,543,917$8,427,653
72$10,364,063$6,522,925$5,663,763$9,040,376
73$11,353,247$6,774,598$5,785,548$9,707,847
74$12,441,188$7,036,462$5,909,273$10,435,395
75$13,637,890$7,308,950$6,034,935$11,228,885
76$14,954,379$7,592,513$6,162,530$12,094,771
77$16,402,800$7,887,621$6,292,049$13,040,155
78$17,996,537$8,194,766$6,423,484$14,072,854
79$19,750,336$8,514,461$6,556,823$15,201,473
80$21,680,445$8,847,244$6,692,051$16,435,482
81$23,804,765$9,193,673$6,829,149$17,785,306
82$26,143,022$9,554,335$6,968,097$19,262,424
83$28,716,952$9,929,839$7,108,870$20,879,473
84$31,550,504$10,320,824$7,251,440$22,650,363
85$34,670,068$10,727,956$7,395,776$24,590,416
86$38,104,721$11,151,933$7,541,841$26,716,499
87$41,886,506$11,593,481$7,689,596$29,047,186
88$46,050,729$12,053,361$7,838,997$31,602,933
89$50,636,294$12,532,367$7,989,994$34,406,265
90$55,686,072$13,031,328$8,142,534$37,481,990
91$61,247,300$13,551,112$8,296,558$40,857,432
92$67,372,032$14,092,624$8,452,000$44,562,681
93$74,117,629$14,656,812$8,608,792$48,630,882
94$81,547,297$15,244,666$8,766,856$53,098,541
95$89,730,686$15,857,219$8,926,110$58,005,869
96$98,744,545$16,495,552$9,086,464$63,397,158
97$108,673,450$17,160,795$9,247,822$69,321,197
98$119,610,597$17,854,130$9,410,080$75,831,733
99$131,658,686$18,576,790$9,573,125$82,987,969
100$144,930,886$19,330,067$9,736,839$90,855,125