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%15.8%
1 years$396,380$392,849$389,404$386,042$382,759$373,657
2 years$196,227$192,573$189,031$185,597$182,266$173,150
3 years$129,519$125,849$122,316$118,914$115,637$106,791
4 years$96,171$92,512$89,014$85,671$82,473$73,965
5 years$76,168$72,531$69,079$65,803$62,695$54,549
6 years$62,836$59,227$55,826$52,623$49,608$41,832
7 years$53,318$49,738$46,392$43,265$40,345$32,940
8 years$46,182$42,635$39,344$36,294$33,470$26,433
9 years$40,635$37,121$33,887$30,914$28,187$21,512
10 years$36,200$32,721$29,543$26,648$24,016$17,697
11 years$32,574$29,129$26,009$23,192$20,655$14,682
12 years$29,554$26,145$23,083$20,342$17,899$12,263
13 years$27,001$23,627$20,623$17,959$15,608$10,298
14 years$24,814$21,477$18,530$15,942$13,682$8,686
15 years$22,921$19,619$16,730$14,218$12,047$7,353
16 years$21,266$18,000$15,168$12,730$10,647$6,244
17 years$19,807$16,578$13,802$11,438$9,440$5,315
18 years$18,512$15,318$12,600$10,308$8,394$4,534
19 years$17,354$14,197$11,534$9,314$7,482$3,875
20 years$16,314$13,193$10,586$8,436$6,683$3,317
21 years$15,373$12,288$9,737$7,656$5,980$2,842
22 years$14,520$11,471$8,974$6,961$5,361$2,438
23 years$13,742$10,728$8,286$6,340$4,812$2,094
24 years$13,029$10,052$7,663$5,782$4,325$1,800
25 years$12,375$9,433$7,098$5,281$3,892$1,548
26 years$11,772$8,866$6,583$4,828$3,506$1,332
27 years$11,215$8,344$6,113$4,419$3,161$1,146
28 years$10,698$7,862$5,682$4,049$2,852$987
29 years$10,218$7,417$5,288$3,713$2,575$851
30 years$9,771$7,005$4,926$3,408$2,327$733
31 years$9,353$6,622$4,592$3,130$2,104$632
32 years$8,962$6,265$4,284$2,876$1,903$545
33 years$8,596$5,933$4,000$2,645$1,722$470
34 years$8,252$5,624$3,738$2,434$1,559$406
35 years$7,928$5,334$3,494$2,240$1,412$350
36 years$7,624$5,063$3,269$2,063$1,280$302
37 years$7,336$4,808$3,060$1,901$1,160$261
38 years$7,064$4,570$2,865$1,752$1,051$225
39 years$6,806$4,345$2,684$1,616$953$194
40 years$6,562$4,134$2,516$1,490$865$168
41 years$6,331$3,935$2,359$1,375$785$145
42 years$6,111$3,748$2,213$1,269$712$125
43 years$5,902$3,571$2,077$1,171$646$108
44 years$5,703$3,404$1,949$1,082$586$93
45 years$5,513$3,246$1,830$999$532$80
46 years$5,333$3,096$1,719$923$483$69
47 years$5,160$2,955$1,615$852$439$60
48 years$4,995$2,821$1,518$788$399$52
49 years$4,837$2,694$1,427$728$362$45
50 years$4,686$2,573$1,341$673$329$39

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 $5,746 every year, while hoping to spend $42,471 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: 68/16/16 Blend
63$4,800,000$4,800,000$4,800,000$4,800,000
64$5,295,527$5,041,127$4,966,727$5,635,168
65$5,790,482$5,242,953$5,087,924$6,064,203
66$6,334,499$5,453,246$5,211,757$6,527,757
67$6,932,537$5,672,374$5,338,270$7,033,723
68$7,590,061$5,900,726$5,467,507$7,586,267
69$8,313,090$6,138,704$5,599,511$8,189,976
70$9,108,256$6,386,732$5,734,326$8,849,897
71$9,982,867$6,645,250$5,871,995$9,571,587
72$10,944,974$6,914,722$6,012,561$10,361,165
73$12,003,447$7,195,629$6,156,068$11,225,366
74$13,168,060$7,488,477$6,302,558$12,171,607
75$14,449,582$7,793,792$6,452,073$13,208,051
76$15,859,879$8,112,126$6,604,656$14,343,691
77$17,412,023$8,444,057$6,760,349$15,588,428
78$19,120,420$8,790,187$6,919,192$16,953,164
79$21,000,944$9,151,147$7,081,226$18,449,907
80$23,071,084$9,527,597$7,246,490$20,091,880
81$25,350,112$9,920,226$7,415,025$21,893,647
82$27,859,262$10,329,756$7,586,867$23,871,248
83$30,621,934$10,756,942$7,762,054$26,042,351
84$33,663,911$11,202,572$7,940,623$28,426,415
85$37,013,603$11,667,471$8,122,607$31,044,874
86$40,702,318$12,152,504$8,308,041$33,921,339
87$44,764,551$12,658,573$8,496,957$37,081,817
88$49,238,315$13,186,624$8,689,386$40,554,958
89$54,165,499$13,737,644$8,885,356$44,372,320
90$59,592,259$14,312,668$9,084,894$48,568,672
91$65,569,458$14,912,776$9,288,026$53,182,313
92$72,153,142$15,539,103$9,494,775$58,255,437
93$79,405,074$16,192,830$9,705,162$63,834,528
94$87,393,311$16,875,198$9,919,204$69,970,795
95$96,192,849$17,587,503$10,136,918$76,720,660
96$105,886,331$18,331,102$10,358,315$84,146,282
97$116,564,825$19,107,414$10,583,407$92,316,143
98$128,328,685$19,917,925$10,812,199$101,305,695
99$141,288,497$20,764,190$11,044,694$111,198,069
100$155,566,124$21,647,835$11,280,892$122,084,858