Can I retire at age 64 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$404,637$401,033$397,517$394,084$390,733$376,271
2 years$200,316$196,585$192,969$189,464$186,063$171,656
3 years$132,217$128,470$124,864$121,391$118,046$104,148
4 years$98,175$94,439$90,869$87,456$84,192$70,907
5 years$77,754$74,042$70,518$67,174$64,001$51,365
6 years$64,145$60,461$56,989$53,720$50,642$38,664
7 years$54,429$50,775$47,358$44,166$41,185$29,862
8 years$47,144$43,523$40,163$37,050$34,167$23,488
9 years$41,482$37,895$34,593$31,558$28,774$18,724
10 years$36,954$33,402$30,159$27,203$24,517$15,079
11 years$33,252$29,736$26,551$23,675$21,085$12,238
12 years$30,170$26,690$23,564$20,766$18,272$9,994
13 years$27,563$24,120$21,053$18,334$15,934$8,202
14 years$25,331$21,924$18,916$16,274$13,967$6,757
15 years$23,398$20,028$17,078$14,514$12,298$5,585
16 years$21,709$18,375$15,484$12,996$10,869$4,627
17 years$20,220$16,923$14,090$11,676$9,637$3,842
18 years$18,897$15,638$12,862$10,523$8,569$3,196
19 years$17,716$14,493$11,775$9,508$7,638$2,662
20 years$16,654$13,467$10,806$8,612$6,822$2,220
21 years$15,694$12,544$9,940$7,816$6,105$1,854
22 years$14,822$11,710$9,161$7,106$5,472$1,549
23 years$14,028$10,952$8,459$6,472$4,912$1,295
24 years$13,301$10,261$7,823$5,903$4,415$1,083
25 years$12,633$9,630$7,245$5,391$3,973$906
26 years$12,017$9,050$6,720$4,929$3,579$759
27 years$11,448$8,517$6,240$4,512$3,227$636
28 years$10,921$8,026$5,801$4,134$2,911$532
29 years$10,431$7,571$5,398$3,791$2,629$446
30 years$9,974$7,150$5,028$3,479$2,375$374
31 years$9,548$6,760$4,688$3,195$2,148$313
32 years$9,149$6,396$4,374$2,936$1,943$263
33 years$8,775$6,057$4,084$2,700$1,758$220
34 years$8,424$5,741$3,816$2,484$1,592$185
35 years$8,094$5,445$3,567$2,287$1,442$155
36 years$7,782$5,168$3,337$2,106$1,306$130
37 years$7,489$4,908$3,123$1,941$1,184$109
38 years$7,211$4,665$2,925$1,789$1,073$91
39 years$6,948$4,436$2,740$1,649$973$77
40 years$6,699$4,220$2,569$1,521$883$64
41 years$6,463$4,017$2,408$1,404$801$54
42 years$6,238$3,826$2,259$1,295$727$45
43 years$6,025$3,645$2,120$1,196$660$38
44 years$5,822$3,475$1,990$1,104$599$32
45 years$5,628$3,314$1,869$1,020$544$27
46 years$5,444$3,161$1,755$942$493$22
47 years$5,268$3,017$1,649$870$448$19
48 years$5,099$2,880$1,549$804$407$16
49 years$4,938$2,750$1,456$743$370$13
50 years$4,784$2,627$1,369$687$336$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,900,000, adding $5,053 every year, while hoping to spend $31,001 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: 32/38/30 Blend
63$4,900,000$4,900,000$4,900,000$4,900,000
64$5,405,012$5,145,312$5,069,362$5,528,484
65$5,923,339$5,364,448$5,206,201$5,843,387
66$6,493,495$5,593,282$5,346,585$6,179,255
67$7,120,736$5,832,257$5,490,600$6,540,423
68$7,810,850$6,081,836$5,638,334$6,929,145
69$8,570,215$6,342,505$5,789,877$7,347,891
70$9,405,860$6,614,770$5,945,320$7,799,370
71$10,325,526$6,899,163$6,104,757$8,286,554
72$11,337,748$7,196,239$6,268,284$8,812,702
73$12,451,924$7,506,581$6,435,998$9,381,393
74$13,678,416$7,830,799$6,607,999$9,996,553
75$15,028,635$8,169,529$6,784,388$10,662,493
76$16,515,161$8,523,441$6,965,269$11,383,946
77$18,151,850$8,893,232$7,150,749$12,166,113
78$19,953,974$9,279,636$7,340,935$13,014,701
79$21,938,360$9,683,419$7,535,937$13,935,987
80$24,123,550$10,105,383$7,735,867$14,936,862
81$26,529,974$10,546,369$7,940,841$16,024,903
82$29,180,147$11,007,257$8,150,974$17,208,436
83$32,098,877$11,488,968$8,366,387$18,496,613
84$35,313,502$11,992,466$8,587,201$19,899,497
85$38,854,145$12,518,764$8,813,538$21,428,153
86$42,754,002$13,068,917$9,045,526$23,094,747
87$47,049,652$13,644,036$9,283,293$24,912,661
88$51,781,402$14,245,279$9,526,969$26,896,611
89$56,993,671$14,873,863$9,776,688$29,062,787
90$62,735,403$15,531,061$10,032,585$31,428,998
91$69,060,537$16,218,205$10,294,799$34,014,840
92$76,028,506$16,936,692$10,563,469$36,841,873
93$83,704,809$17,687,985$10,838,740$39,933,819
94$92,161,618$18,473,614$11,120,757$43,316,787
95$101,478,467$19,295,186$11,409,666$47,019,508
96$111,743,001$20,154,380$11,705,620$51,073,607
97$123,051,799$21,052,957$12,008,771$55,513,891
98$135,511,292$21,992,761$12,319,274$60,378,675
99$149,238,761$22,975,724$12,637,287$65,710,136
100$164,363,450$24,003,870$12,962,972$71,554,707