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

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$396,380$392,849$389,404$386,042$382,759$375,338
2 years$196,227$192,573$189,031$185,597$182,266$174,820
3 years$129,519$125,849$122,316$118,914$115,637$108,397
4 years$96,171$92,512$89,014$85,671$82,473$75,496
5 years$76,168$72,531$69,079$65,803$62,695$56,000
6 years$62,836$59,227$55,826$52,623$49,608$43,203
7 years$53,318$49,738$46,392$43,265$40,345$34,231
8 years$46,182$42,635$39,344$36,294$33,470$27,646
9 years$40,635$37,121$33,887$30,914$28,187$22,648
10 years$36,200$32,721$29,543$26,648$24,016$18,759
11 years$32,574$29,129$26,009$23,192$20,655$15,672
12 years$29,554$26,145$23,083$20,342$17,899$13,183
13 years$27,001$23,627$20,623$17,959$15,608$11,152
14 years$24,814$21,477$18,530$15,942$13,682$9,478
15 years$22,921$19,619$16,730$14,218$12,047$8,085
16 years$21,266$18,000$15,168$12,730$10,647$6,919
17 years$19,807$16,578$13,802$11,438$9,440$5,937
18 years$18,512$15,318$12,600$10,308$8,394$5,105
19 years$17,354$14,197$11,534$9,314$7,482$4,399
20 years$16,314$13,193$10,586$8,436$6,683$3,796
21 years$15,373$12,288$9,737$7,656$5,980$3,281
22 years$14,520$11,471$8,974$6,961$5,361$2,839
23 years$13,742$10,728$8,286$6,340$4,812$2,459
24 years$13,029$10,052$7,663$5,782$4,325$2,131
25 years$12,375$9,433$7,098$5,281$3,892$1,849
26 years$11,772$8,866$6,583$4,828$3,506$1,605
27 years$11,215$8,344$6,113$4,419$3,161$1,394
28 years$10,698$7,862$5,682$4,049$2,852$1,212
29 years$10,218$7,417$5,288$3,713$2,575$1,053
30 years$9,771$7,005$4,926$3,408$2,327$916
31 years$9,353$6,622$4,592$3,130$2,104$797
32 years$8,962$6,265$4,284$2,876$1,903$694
33 years$8,596$5,933$4,000$2,645$1,722$604
34 years$8,252$5,624$3,738$2,434$1,559$526
35 years$7,928$5,334$3,494$2,240$1,412$458
36 years$7,624$5,063$3,269$2,063$1,280$399
37 years$7,336$4,808$3,060$1,901$1,160$347
38 years$7,064$4,570$2,865$1,752$1,051$302
39 years$6,806$4,345$2,684$1,616$953$264
40 years$6,562$4,134$2,516$1,490$865$230
41 years$6,331$3,935$2,359$1,375$785$200
42 years$6,111$3,748$2,213$1,269$712$174
43 years$5,902$3,571$2,077$1,171$646$152
44 years$5,703$3,404$1,949$1,082$586$132
45 years$5,513$3,246$1,830$999$532$115
46 years$5,333$3,096$1,719$923$483$101
47 years$5,160$2,955$1,615$852$439$88
48 years$4,995$2,821$1,518$788$399$76
49 years$4,837$2,694$1,427$728$362$67
50 years$4,686$2,573$1,341$673$329$58

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 $6,742 every year, while hoping to spend $54,122 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: 46/47/7 Blend
63$4,800,000$4,800,000$4,800,000$4,800,000
64$5,296,554$5,042,154$4,967,754$5,529,752
65$5,779,218$5,231,635$5,076,589$5,880,383
66$6,309,298$5,428,585$5,187,255$6,254,331
67$6,891,576$5,633,316$5,299,758$6,658,712
68$7,531,317$5,846,148$5,414,099$7,096,353
69$8,234,320$6,067,418$5,530,280$7,570,361
70$9,006,976$6,297,476$5,648,300$8,084,149
71$9,856,324$6,536,690$5,768,155$8,641,464
72$10,790,121$6,785,440$5,889,840$9,246,427
73$11,816,912$7,044,124$6,013,348$9,903,565
74$12,946,111$7,313,160$6,138,669$10,617,855
75$14,188,090$7,592,981$6,265,790$11,394,769
76$15,554,277$7,884,039$6,394,696$12,240,322
77$17,057,264$8,186,807$6,525,369$13,161,128
78$18,710,924$8,501,780$6,657,788$14,164,462
79$20,530,542$8,829,471$6,791,928$15,258,325
80$22,532,961$9,170,419$6,927,761$16,451,518
81$24,736,739$9,525,185$7,065,257$17,753,724
82$27,162,322$9,894,355$7,204,379$19,175,592
83$29,832,242$10,278,541$7,345,089$20,728,845
84$32,771,323$10,678,383$7,487,342$22,426,379
85$36,006,921$11,094,546$7,631,090$24,282,385
86$39,569,177$11,527,729$7,776,282$26,312,483
87$43,491,303$11,978,658$7,922,858$28,533,865
88$47,809,898$12,448,094$8,070,756$30,965,452
89$52,565,288$12,936,831$8,219,906$33,628,074
90$57,801,909$13,445,698$8,370,235$36,544,660
91$63,568,727$13,975,560$8,521,661$39,740,453
92$69,919,697$14,527,322$8,674,096$43,243,244
93$76,914,276$15,101,931$8,827,448$47,083,632
94$84,617,979$15,700,372$8,981,614$51,295,309
95$93,103,000$16,323,678$9,136,486$55,915,371
96$102,448,894$16,972,927$9,291,947$60,984,670
97$112,743,326$17,649,244$9,447,871$66,548,191
98$124,082,895$18,353,807$9,604,125$72,655,475
99$136,574,053$19,087,846$9,760,566$79,361,078
100$150,334,102$19,852,647$9,917,040$86,725,088