Can I retire at age 64 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$412,895$409,217$405,629$402,127$398,707$394,052
2 years$204,404$200,597$196,907$193,330$189,860$185,175
3 years$134,915$131,092$127,412$123,869$120,455$115,884
4 years$100,178$96,367$92,723$89,240$85,910$81,489
5 years$79,341$75,553$71,957$68,545$65,307$61,050
6 years$65,455$61,694$58,152$54,816$51,675$47,586
7 years$55,539$51,811$48,325$45,067$42,026$38,107
8 years$48,106$44,411$40,983$37,806$34,865$31,115
9 years$42,328$38,668$35,299$32,202$29,361$25,780
10 years$37,708$34,084$30,774$27,759$25,017$21,601
11 years$33,931$30,343$27,093$24,158$21,515$18,263
12 years$30,785$27,234$24,044$21,190$18,645$15,551
13 years$28,126$24,612$21,482$18,708$16,259$13,321
14 years$25,848$22,371$19,302$16,607$14,252$11,465
15 years$23,876$20,437$17,427$14,810$12,549$9,909
16 years$22,152$18,750$15,800$13,261$11,091$8,593
17 years$20,632$17,268$14,377$11,915$9,834$7,473
18 years$19,283$15,957$13,125$10,738$8,744$6,516
19 years$18,077$14,789$12,015$9,702$7,793$5,693
20 years$16,993$13,742$11,027$8,787$6,961$4,983
21 years$16,014$12,800$10,143$7,975$6,230$4,369
22 years$15,125$11,949$9,348$7,251$5,584$3,835
23 years$14,314$11,175$8,631$6,604$5,012$3,371
24 years$13,572$10,471$7,982$6,023$4,505$2,966
25 years$12,891$9,826$7,393$5,501$4,054$2,612
26 years$12,263$9,235$6,857$5,029$3,652$2,302
27 years$11,682$8,691$6,367$4,604$3,292$2,030
28 years$11,144$8,190$5,919$4,218$2,971$1,792
29 years$10,644$7,726$5,508$3,868$2,683$1,582
30 years$10,178$7,296$5,131$3,550$2,424$1,398
31 years$9,743$6,898$4,783$3,260$2,191$1,235
32 years$9,336$6,526$4,463$2,996$1,982$1,092
33 years$8,954$6,181$4,167$2,755$1,794$966
34 years$8,596$5,858$3,893$2,535$1,624$854
35 years$8,259$5,556$3,640$2,334$1,471$756
36 years$7,941$5,274$3,405$2,149$1,333$669
37 years$7,641$5,009$3,187$1,980$1,208$592
38 years$7,358$4,760$2,985$1,825$1,095$524
39 years$7,090$4,526$2,796$1,683$993$464
40 years$6,836$4,306$2,621$1,552$901$411
41 years$6,595$4,099$2,458$1,432$817$364
42 years$6,366$3,904$2,305$1,322$742$323
43 years$6,148$3,720$2,163$1,220$673$286
44 years$5,941$3,546$2,031$1,127$611$253
45 years$5,743$3,381$1,907$1,040$555$224
46 years$5,555$3,225$1,791$961$504$199
47 years$5,375$3,078$1,682$888$457$176
48 years$5,203$2,938$1,581$820$415$156
49 years$5,039$2,806$1,486$758$377$138
50 years$4,882$2,680$1,397$701$343$123

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,000,000, adding $2,309 every year, while hoping to spend $53,711 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: 64/19/17 Blend
63$5,000,000$5,000,000$5,000,000$5,000,000
64$5,512,382$5,247,382$5,169,882$5,841,759
65$6,017,497$5,447,355$5,285,925$6,263,031
66$6,572,333$5,655,328$5,404,055$6,716,696
67$7,181,906$5,871,633$5,524,286$7,211,001
68$7,851,740$6,096,623$5,646,629$7,749,913
69$8,587,921$6,330,661$5,771,095$8,337,800
70$9,397,155$6,574,130$5,897,692$8,979,468
71$10,286,828$6,827,426$6,026,429$9,680,208
72$11,265,080$7,090,965$6,157,309$10,445,845
73$12,340,877$7,365,181$6,290,338$11,282,789
74$13,524,098$7,650,527$6,425,516$12,198,099
75$14,825,628$7,947,474$6,562,843$13,199,545
76$16,257,460$8,256,518$6,702,315$14,295,685
77$17,832,806$8,578,172$6,843,928$15,495,937
78$19,566,225$8,912,976$6,987,673$16,810,678
79$21,473,759$9,261,491$7,133,539$18,251,331
80$23,573,083$9,624,304$7,281,513$19,830,475
81$25,883,671$10,002,029$7,431,577$21,561,967
82$28,426,983$10,395,305$7,583,712$23,461,064
83$31,226,662$10,804,802$7,737,893$25,544,573
84$34,308,763$11,231,219$7,894,094$27,831,002
85$37,701,992$11,675,285$8,052,282$30,340,739
86$41,437,984$12,137,762$8,212,422$33,096,241
87$45,551,594$12,619,448$8,374,474$36,122,241
88$50,081,231$13,121,176$8,538,393$39,445,989
89$55,069,218$13,643,814$8,704,130$43,097,497
90$60,562,189$14,188,272$8,871,630$47,109,829
91$66,611,535$14,755,500$9,040,832$51,519,407
92$73,273,882$15,346,490$9,211,670$56,366,357
93$80,611,629$15,962,279$9,384,073$61,694,880
94$88,693,537$16,603,953$9,557,961$67,553,676
95$97,595,375$17,272,643$9,733,249$73,996,393
96$107,400,635$17,969,535$9,909,845$81,082,138
97$118,201,324$18,695,866$10,087,649$88,876,030
98$130,098,826$19,452,930$10,266,552$97,449,813
99$143,204,864$20,242,082$10,446,439$106,882,533
100$157,642,551$21,064,734$10,627,186$117,261,279