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

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 $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%12.2%
1 years$412,895$409,217$405,629$402,127$398,707$395,037
2 years$204,404$200,597$196,907$193,330$189,860$186,162
3 years$134,915$131,092$127,412$123,869$120,455$116,844
4 years$100,178$96,367$92,723$89,240$85,910$82,413
5 years$79,341$75,553$71,957$68,545$65,307$61,936
6 years$65,455$61,694$58,152$54,816$51,675$48,433
7 years$55,539$51,811$48,325$45,067$42,026$38,915
8 years$48,106$44,411$40,983$37,806$34,865$31,884
9 years$42,328$38,668$35,299$32,202$29,361$26,510
10 years$37,708$34,084$30,774$27,759$25,017$22,294
11 years$33,931$30,343$27,093$24,158$21,515$18,918
12 years$30,785$27,234$24,044$21,190$18,645$16,171
13 years$28,126$24,612$21,482$18,708$16,259$13,905
14 years$25,848$22,371$19,302$16,607$14,252$12,016
15 years$23,876$20,437$17,427$14,810$12,549$10,427
16 years$22,152$18,750$15,800$13,261$11,091$9,080
17 years$20,632$17,268$14,377$11,915$9,834$7,930
18 years$19,283$15,957$13,125$10,738$8,744$6,944
19 years$18,077$14,789$12,015$9,702$7,793$6,093
20 years$16,993$13,742$11,027$8,787$6,961$5,357
21 years$16,014$12,800$10,143$7,975$6,230$4,717
22 years$15,125$11,949$9,348$7,251$5,584$4,160
23 years$14,314$11,175$8,631$6,604$5,012$3,673
24 years$13,572$10,471$7,982$6,023$4,505$3,247
25 years$12,891$9,826$7,393$5,501$4,054$2,873
26 years$12,263$9,235$6,857$5,029$3,652$2,544
27 years$11,682$8,691$6,367$4,604$3,292$2,254
28 years$11,144$8,190$5,919$4,218$2,971$1,999
29 years$10,644$7,726$5,508$3,868$2,683$1,774
30 years$10,178$7,296$5,131$3,550$2,424$1,575
31 years$9,743$6,898$4,783$3,260$2,191$1,398
32 years$9,336$6,526$4,463$2,996$1,982$1,242
33 years$8,954$6,181$4,167$2,755$1,794$1,104
34 years$8,596$5,858$3,893$2,535$1,624$982
35 years$8,259$5,556$3,640$2,334$1,471$873
36 years$7,941$5,274$3,405$2,149$1,333$777
37 years$7,641$5,009$3,187$1,980$1,208$691
38 years$7,358$4,760$2,985$1,825$1,095$615
39 years$7,090$4,526$2,796$1,683$993$547
40 years$6,836$4,306$2,621$1,552$901$487
41 years$6,595$4,099$2,458$1,432$817$434
42 years$6,366$3,904$2,305$1,322$742$386
43 years$6,148$3,720$2,163$1,220$673$344
44 years$5,941$3,546$2,031$1,127$611$306
45 years$5,743$3,381$1,907$1,040$555$273
46 years$5,555$3,225$1,791$961$504$243
47 years$5,375$3,078$1,682$888$457$216
48 years$5,203$2,938$1,581$820$415$193
49 years$5,039$2,806$1,486$758$377$172
50 years$4,882$2,680$1,397$701$343$153

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 $6,181 every year, while hoping to spend $58,734 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: 34/40/26 Blend
63$5,000,000$5,000,000$5,000,000$5,000,000
64$5,516,376$5,251,376$5,173,876$5,660,223
65$6,016,554$5,446,201$5,284,708$5,963,498
66$6,565,781$5,648,603$5,397,285$6,284,586
67$7,168,999$5,858,893$5,511,602$6,629,683
68$7,831,651$6,077,393$5,627,655$7,000,964
69$8,559,733$6,304,439$5,745,435$7,400,815
70$9,359,850$6,540,381$5,864,932$7,831,855
71$10,239,282$6,785,586$5,986,133$8,296,961
72$11,206,043$7,040,435$6,109,024$8,799,294
73$12,268,969$7,305,326$6,233,586$9,342,324
74$13,437,790$7,580,673$6,359,797$9,929,867
75$14,723,229$7,866,910$6,487,634$10,566,115
76$16,137,098$8,164,489$6,617,070$11,255,677
77$17,692,414$8,473,880$6,748,073$12,003,619
78$19,403,515$8,795,575$6,880,608$12,815,511
79$21,286,202$9,130,087$7,014,638$13,697,479
80$23,357,885$9,477,951$7,150,118$14,656,257
81$25,637,744$9,839,726$7,287,002$15,699,255
82$28,146,916$10,215,995$7,425,239$16,834,623
83$30,908,689$10,607,366$7,564,772$18,071,327
84$33,948,722$11,014,474$7,705,538$19,419,232
85$37,295,290$11,437,981$7,847,472$20,889,190
86$40,979,547$11,878,580$7,990,500$22,493,147
87$45,035,824$12,336,993$8,134,544$24,244,246
88$49,501,945$12,813,973$8,279,519$26,156,955
89$54,419,594$13,310,308$8,425,333$28,247,196
90$59,834,699$13,826,820$8,571,889$30,532,498
91$65,797,871$14,364,366$8,719,079$33,032,155
92$72,364,877$14,923,843$8,866,792$35,767,407
93$79,597,169$15,506,187$9,014,904$38,761,639
94$87,562,465$16,112,374$9,163,288$42,040,600
95$96,335,382$16,743,426$9,311,804$45,632,638
96$105,998,145$17,400,408$9,460,303$49,568,970
97$116,641,361$18,084,433$9,608,629$53,883,968
98$128,364,874$18,796,665$9,756,612$58,615,486
99$141,278,708$19,538,319$9,904,076$63,805,209
100$155,504,103$20,310,663$10,050,828$69,499,045