Can I retire at age 64 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$388,122$384,664$381,291$377,999$374,785$372,423
2 years$192,139$188,561$185,093$181,730$178,469$176,086
3 years$126,821$123,227$119,767$116,436$113,228$110,899
4 years$94,168$90,585$87,160$83,886$80,755$78,497
5 years$74,581$71,019$67,640$64,432$61,389$59,208
6 years$61,527$57,993$54,663$51,527$48,575$46,475
7 years$52,207$48,702$45,425$42,363$39,504$37,486
8 years$45,220$41,747$38,524$35,538$32,773$30,836
9 years$39,788$36,348$33,181$30,270$27,599$25,744
10 years$35,446$32,039$28,928$26,093$23,516$21,741
11 years$31,895$28,522$25,468$22,709$20,225$18,529
12 years$28,938$25,600$22,602$19,919$17,526$15,908
13 years$26,438$23,135$20,193$17,585$15,283$13,741
14 years$24,297$21,029$18,144$15,610$13,397$11,929
15 years$22,443$19,211$16,381$13,922$11,796$10,400
16 years$20,823$17,625$14,852$12,465$10,425$9,099
17 years$19,394$16,232$13,515$11,200$9,244$7,986
18 years$18,126$14,999$12,337$10,093$8,219$7,027
19 years$16,993$13,901$11,294$9,120$7,326$6,197
20 years$15,974$12,918$10,365$8,260$6,544$5,476
21 years$15,053$12,032$9,534$7,497$5,856$4,848
22 years$14,217$11,232$8,787$6,816$5,249$4,297
23 years$13,455$10,505$8,113$6,208$4,712$3,815
24 years$12,758$9,842$7,503$5,662$4,235$3,390
25 years$12,117$9,237$6,950$5,171$3,811$3,016
26 years$11,527$8,681$6,445$4,728$3,433$2,685
27 years$10,981$8,170$5,985$4,327$3,095$2,393
28 years$10,475$7,698$5,564$3,965$2,793$2,134
29 years$10,005$7,262$5,178$3,636$2,522$1,904
30 years$9,567$6,859$4,823$3,337$2,278$1,700
31 years$9,158$6,484$4,496$3,065$2,060$1,518
32 years$8,776$6,135$4,195$2,816$1,863$1,357
33 years$8,417$5,810$3,917$2,590$1,686$1,213
34 years$8,080$5,506$3,660$2,383$1,527$1,085
35 years$7,763$5,223$3,422$2,194$1,383$970
36 years$7,465$4,957$3,201$2,020$1,253$868
37 years$7,183$4,708$2,996$1,861$1,136$777
38 years$6,917$4,474$2,806$1,716$1,030$695
39 years$6,664$4,255$2,629$1,582$934$623
40 years$6,426$4,048$2,464$1,459$847$558
41 years$6,199$3,853$2,310$1,346$768$499
42 years$5,984$3,670$2,167$1,242$697$447
43 years$5,779$3,497$2,033$1,147$633$401
44 years$5,584$3,333$1,909$1,059$574$359
45 years$5,399$3,178$1,792$978$521$322
46 years$5,222$3,032$1,683$903$473$288
47 years$5,053$2,893$1,581$835$430$258
48 years$4,891$2,762$1,486$771$390$232
49 years$4,737$2,638$1,397$713$355$208
50 years$4,589$2,520$1,313$659$322$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,700,000, adding $3,571 every year, while hoping to spend $23,433 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: 65/30/5 Blend
63$4,700,000$4,700,000$4,700,000$4,700,000
64$5,183,083$4,933,983$4,861,133$5,516,262
65$5,686,825$5,150,816$4,999,049$5,954,822
66$6,241,164$5,377,488$5,140,799$6,430,618
67$6,851,234$5,614,457$5,286,488$6,949,781
68$7,522,697$5,862,202$5,436,222$7,516,522
69$8,261,786$6,121,224$5,590,109$8,135,469
70$9,075,374$6,392,049$5,748,263$8,811,717
71$9,971,030$6,675,228$5,910,798$9,550,866
72$10,957,097$6,971,336$6,077,832$10,359,081
73$12,042,767$7,280,978$6,249,486$11,243,142
74$13,238,170$7,604,786$6,425,884$12,210,510
75$14,554,464$7,943,422$6,607,152$13,269,393
76$16,003,950$8,297,580$6,793,423$14,428,828
77$17,600,179$8,667,988$6,984,828$15,698,756
78$19,358,084$9,055,406$7,181,506$17,090,121
79$21,294,120$9,460,632$7,383,598$18,614,968
80$23,426,419$9,884,501$7,591,247$20,286,556
81$25,774,961$10,327,890$7,804,602$22,119,480
82$28,361,766$10,791,715$8,023,814$24,129,808
83$31,211,093$11,276,936$8,249,040$26,335,229
84$34,349,680$11,784,561$8,480,437$28,755,219
85$37,806,986$12,315,644$8,718,171$31,411,222
86$41,615,478$12,871,289$8,962,409$34,326,847
87$45,810,929$13,452,655$9,213,322$37,528,095
88$50,432,762$14,060,953$9,471,087$41,043,595
89$55,524,420$14,697,456$9,735,884$44,904,872
90$61,133,773$15,363,494$10,007,899$49,146,647
91$67,313,575$16,060,462$10,287,321$53,807,156
92$74,121,958$16,789,823$10,574,344$58,928,508
93$81,622,982$17,553,109$10,869,169$64,557,082
94$89,887,238$18,351,923$11,171,998$70,743,959
95$98,992,518$19,187,949$11,483,042$77,545,401
96$109,024,545$20,062,949$11,802,514$85,023,378
97$120,077,785$20,978,769$12,130,634$93,246,148
98$132,256,336$21,937,346$12,467,628$102,288,898
99$145,674,915$22,940,708$12,813,725$112,234,448
100$160,459,933$23,990,980$13,169,162$123,174,031