Can I retire at age 64 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$396,380$392,849$389,404$386,042$382,759$370,210
2 years$196,227$192,573$189,031$185,597$182,266$169,743
3 years$129,519$125,849$122,316$118,914$115,637$103,533
4 years$96,171$92,512$89,014$85,671$82,473$70,881
5 years$76,168$72,531$69,079$65,803$62,695$51,645
6 years$62,836$59,227$55,826$52,623$49,608$39,110
7 years$53,318$49,738$46,392$43,265$40,345$30,397
8 years$46,182$42,635$39,344$36,294$33,470$24,065
9 years$40,635$37,121$33,887$30,914$28,187$19,314
10 years$36,200$32,721$29,543$26,648$24,016$15,662
11 years$32,574$29,129$26,009$23,192$20,655$12,803
12 years$29,554$26,145$23,083$20,342$17,899$10,532
13 years$27,001$23,627$20,623$17,959$15,608$8,708
14 years$24,814$21,477$18,530$15,942$13,682$7,230
15 years$22,921$19,619$16,730$14,218$12,047$6,022
16 years$21,266$18,000$15,168$12,730$10,647$5,030
17 years$19,807$16,578$13,802$11,438$9,440$4,211
18 years$18,512$15,318$12,600$10,308$8,394$3,531
19 years$17,354$14,197$11,534$9,314$7,482$2,966
20 years$16,314$13,193$10,586$8,436$6,683$2,495
21 years$15,373$12,288$9,737$7,656$5,980$2,100
22 years$14,520$11,471$8,974$6,961$5,361$1,770
23 years$13,742$10,728$8,286$6,340$4,812$1,493
24 years$13,029$10,052$7,663$5,782$4,325$1,260
25 years$12,375$9,433$7,098$5,281$3,892$1,063
26 years$11,772$8,866$6,583$4,828$3,506$898
27 years$11,215$8,344$6,113$4,419$3,161$759
28 years$10,698$7,862$5,682$4,049$2,852$642
29 years$10,218$7,417$5,288$3,713$2,575$542
30 years$9,771$7,005$4,926$3,408$2,327$459
31 years$9,353$6,622$4,592$3,130$2,104$388
32 years$8,962$6,265$4,284$2,876$1,903$328
33 years$8,596$5,933$4,000$2,645$1,722$278
34 years$8,252$5,624$3,738$2,434$1,559$235
35 years$7,928$5,334$3,494$2,240$1,412$199
36 years$7,624$5,063$3,269$2,063$1,280$168
37 years$7,336$4,808$3,060$1,901$1,160$142
38 years$7,064$4,570$2,865$1,752$1,051$121
39 years$6,806$4,345$2,684$1,616$953$102
40 years$6,562$4,134$2,516$1,490$865$86
41 years$6,331$3,935$2,359$1,375$785$73
42 years$6,111$3,748$2,213$1,269$712$62
43 years$5,902$3,571$2,077$1,171$646$52
44 years$5,703$3,404$1,949$1,082$586$44
45 years$5,513$3,246$1,830$999$532$38
46 years$5,333$3,096$1,719$923$483$32
47 years$5,160$2,955$1,615$852$439$27
48 years$4,995$2,821$1,518$788$399$23
49 years$4,837$2,694$1,427$728$362$19
50 years$4,686$2,573$1,341$673$329$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,800,000, adding $3,869 every year, while hoping to spend $21,574 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: 70/9/21 Blend
63$4,800,000$4,800,000$4,800,000$4,800,000
64$5,293,591$5,039,191$4,964,791$5,636,429
65$5,810,583$5,263,157$5,108,157$6,089,728
66$6,379,584$5,497,374$5,255,602$6,582,830
67$7,005,878$5,742,322$5,407,242$7,122,051
68$7,695,285$5,998,502$5,563,191$7,711,956
69$8,454,218$6,266,443$5,723,572$8,357,567
70$9,289,743$6,546,693$5,888,507$9,064,414
71$10,209,648$6,839,832$6,058,122$9,838,586
72$11,222,511$7,146,464$6,232,549$10,686,787
73$12,337,789$7,467,222$6,411,921$11,616,399
74$13,565,898$7,802,770$6,596,375$12,635,551
75$14,918,318$8,153,805$6,786,052$13,753,196
76$16,407,700$8,521,054$6,981,098$14,979,190
77$18,047,981$8,905,281$7,181,660$16,324,391
78$19,854,522$9,307,287$7,387,892$17,800,756
79$21,844,247$9,727,908$7,599,951$19,421,455
80$24,035,809$10,168,024$7,817,998$21,200,993
81$26,449,758$10,628,554$8,042,198$23,155,347
82$29,108,743$11,110,462$8,272,721$25,302,115
83$32,037,719$11,614,759$8,509,741$27,660,681
84$35,264,187$12,142,503$8,753,438$30,252,398
85$38,818,451$12,694,803$9,003,995$33,100,787
86$42,733,905$13,272,821$9,261,602$36,231,761
87$47,047,350$13,877,775$9,526,451$39,673,862
88$51,799,334$14,510,941$9,798,742$43,458,535
89$57,034,546$15,173,657$10,078,680$47,620,423
90$62,802,227$15,867,323$10,366,473$52,197,689
91$69,156,642$16,593,410$10,662,337$57,232,377
92$76,157,587$17,353,455$10,966,494$62,770,809
93$83,870,959$18,149,071$11,279,169$68,864,017
94$92,369,371$18,981,950$11,600,595$75,568,228
95$101,732,843$19,853,863$11,931,012$82,945,388
96$112,049,557$20,766,665$12,270,664$91,063,746
97$123,416,684$21,722,304$12,619,804$99,998,502
98$135,941,307$22,722,819$12,978,689$109,832,508
99$149,741,430$23,770,346$13,347,584$120,657,049
100$164,947,090$24,867,127$13,726,762$132,572,709