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

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$404,637$401,033$397,517$394,084$390,733$380,054
2 years$200,316$196,585$192,969$189,464$186,063$175,383
3 years$132,217$128,470$124,864$121,391$118,046$107,698
4 years$98,175$94,439$90,869$87,456$84,192$74,255
5 years$77,754$74,042$70,518$67,174$64,001$54,504
6 years$64,145$60,461$56,989$53,720$50,642$41,593
7 years$54,429$50,775$47,358$44,166$41,185$32,585
8 years$47,144$43,523$40,163$37,050$34,167$26,011
9 years$41,482$37,895$34,593$31,558$28,774$21,054
10 years$36,954$33,402$30,159$27,203$24,517$17,224
11 years$33,252$29,736$26,551$23,675$21,085$14,207
12 years$30,170$26,690$23,564$20,766$18,272$11,796
13 years$27,563$24,120$21,053$18,334$15,934$9,846
14 years$25,331$21,924$18,916$16,274$13,967$8,254
15 years$23,398$20,028$17,078$14,514$12,298$6,944
16 years$21,709$18,375$15,484$12,996$10,869$5,858
17 years$20,220$16,923$14,090$11,676$9,637$4,955
18 years$18,897$15,638$12,862$10,523$8,569$4,199
19 years$17,716$14,493$11,775$9,508$7,638$3,564
20 years$16,654$13,467$10,806$8,612$6,822$3,030
21 years$15,694$12,544$9,940$7,816$6,105$2,579
22 years$14,822$11,710$9,161$7,106$5,472$2,197
23 years$14,028$10,952$8,459$6,472$4,912$1,873
24 years$13,301$10,261$7,823$5,903$4,415$1,598
25 years$12,633$9,630$7,245$5,391$3,973$1,365
26 years$12,017$9,050$6,720$4,929$3,579$1,166
27 years$11,448$8,517$6,240$4,512$3,227$996
28 years$10,921$8,026$5,801$4,134$2,911$852
29 years$10,431$7,571$5,398$3,791$2,629$729
30 years$9,974$7,150$5,028$3,479$2,375$623
31 years$9,548$6,760$4,688$3,195$2,148$533
32 years$9,149$6,396$4,374$2,936$1,943$456
33 years$8,775$6,057$4,084$2,700$1,758$391
34 years$8,424$5,741$3,816$2,484$1,592$335
35 years$8,094$5,445$3,567$2,287$1,442$286
36 years$7,782$5,168$3,337$2,106$1,306$245
37 years$7,489$4,908$3,123$1,941$1,184$210
38 years$7,211$4,665$2,925$1,789$1,073$180
39 years$6,948$4,436$2,740$1,649$973$154
40 years$6,699$4,220$2,569$1,521$883$132
41 years$6,463$4,017$2,408$1,404$801$113
42 years$6,238$3,826$2,259$1,295$727$97
43 years$6,025$3,645$2,120$1,196$660$83
44 years$5,822$3,475$1,990$1,104$599$71
45 years$5,628$3,314$1,869$1,020$544$61
46 years$5,444$3,161$1,755$942$493$52
47 years$5,268$3,017$1,649$870$448$45
48 years$5,099$2,880$1,549$804$407$38
49 years$4,938$2,750$1,456$743$370$33
50 years$4,784$2,627$1,369$687$336$28

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 $5,992 every year, while hoping to spend $23,324 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: 59/32/9 Blend
63$4,900,000$4,900,000$4,900,000$4,900,000
64$5,405,981$5,146,281$5,070,331$5,713,493
65$5,932,574$5,373,632$5,215,370$6,148,127
66$6,512,099$5,611,342$5,364,487$6,618,648
67$7,149,928$5,859,893$5,517,793$7,131,109
68$7,851,984$6,119,791$5,675,402$7,689,540
69$8,624,792$6,391,567$5,837,434$8,298,373
70$9,475,542$6,675,774$6,004,009$8,962,480
71$10,412,155$6,972,995$6,175,251$9,687,219
72$11,443,361$7,283,838$6,351,288$10,478,480
73$12,578,779$7,608,941$6,532,251$11,342,746
74$13,829,007$7,948,972$6,718,275$12,287,143
75$15,205,726$8,304,632$6,909,497$13,319,514
76$16,721,804$8,676,652$7,106,059$14,448,484
77$18,391,422$9,065,802$7,308,106$15,683,547
78$20,230,207$9,472,887$7,515,787$17,035,145
79$22,255,378$9,898,748$7,729,256$18,514,772
80$24,485,910$10,344,270$7,948,670$20,135,076
81$26,942,712$10,810,378$8,174,189$21,909,977
82$29,648,823$11,298,041$8,405,979$23,854,797
83$32,629,633$11,808,276$8,644,209$25,986,399
84$35,913,120$12,342,145$8,889,054$28,323,347
85$39,530,113$12,900,765$9,140,692$30,886,079
86$43,514,585$13,485,304$9,399,307$33,697,091
87$47,903,975$14,096,986$9,665,086$36,781,153
88$52,739,536$14,737,093$9,938,221$40,165,537
89$58,066,728$15,406,971$10,218,912$43,880,270
90$63,935,649$16,108,027$10,507,360$47,958,415
91$70,401,502$16,841,737$10,803,773$52,436,380
92$77,525,122$17,609,649$11,108,366$57,354,257
93$85,373,544$18,413,381$11,421,356$62,756,197
94$94,020,643$19,254,634$11,742,969$68,690,821
95$103,547,825$20,135,187$12,073,434$75,211,678
96$114,044,796$21,056,905$12,412,988$82,377,741
97$125,610,415$22,021,742$12,761,872$90,253,964
98$138,353,617$23,031,748$13,120,335$98,911,887
99$152,394,450$24,089,068$13,488,630$108,430,306
100$167,865,205$25,195,953$13,867,020$118,896,013