Can I retire at age 64 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$421,153$417,402$413,742$410,169$406,681$402,602
2 years$208,492$204,609$200,846$197,197$193,658$189,549
3 years$137,614$133,714$129,960$126,346$122,864$118,854
4 years$102,182$98,294$94,578$91,025$87,628$83,746
5 years$80,928$77,064$73,396$69,916$66,613$62,872
6 years$66,764$62,928$59,315$55,912$52,709$49,112
7 years$56,650$52,847$49,291$45,969$42,866$39,416
8 years$49,068$45,300$41,803$38,562$35,562$32,258
9 years$43,175$39,442$36,005$32,846$29,948$26,790
10 years$38,462$34,766$31,390$28,314$25,517$22,502
11 years$34,610$30,950$27,635$24,641$21,946$19,071
12 years$31,401$27,779$24,525$21,614$19,018$16,281
13 years$28,688$25,104$21,912$19,082$16,584$13,982
14 years$26,365$22,819$19,688$16,939$14,537$12,067
15 years$24,353$20,846$17,775$15,106$12,800$10,457
16 years$22,595$19,125$16,116$13,526$11,312$9,093
17 years$21,045$17,614$14,665$12,153$10,030$7,930
18 years$19,669$16,276$13,387$10,952$8,919$6,934
19 years$18,439$15,084$12,255$9,896$7,949$6,076
20 years$17,333$14,017$11,247$8,963$7,101$5,334
21 years$16,334$13,056$10,345$8,135$6,354$4,690
22 years$15,427$12,188$9,535$7,396$5,696$4,130
23 years$14,601$11,399$8,804$6,736$5,113$3,641
24 years$13,844$10,680$8,142$6,144$4,595$3,214
25 years$13,149$10,023$7,541$5,611$4,135$2,839
26 years$12,508$9,420$6,994$5,130$3,725$2,510
27 years$11,916$8,865$6,495$4,696$3,358$2,221
28 years$11,367$8,353$6,038$4,302$3,030$1,966
29 years$10,857$7,881$5,618$3,945$2,736$1,742
30 years$10,381$7,442$5,233$3,621$2,472$1,544
31 years$9,938$7,035$4,879$3,325$2,235$1,369
32 years$9,523$6,657$4,552$3,056$2,022$1,214
33 years$9,133$6,304$4,250$2,810$1,830$1,077
34 years$8,768$5,975$3,971$2,586$1,657$956
35 years$8,424$5,667$3,713$2,380$1,501$849
36 years$8,100$5,379$3,473$2,192$1,360$754
37 years$7,794$5,109$3,251$2,020$1,232$669
38 years$7,505$4,855$3,044$1,862$1,117$595
39 years$7,232$4,617$2,852$1,717$1,013$528
40 years$6,973$4,393$2,673$1,583$919$470
41 years$6,727$4,181$2,507$1,461$834$417
42 years$6,493$3,982$2,351$1,348$756$371
43 years$6,271$3,794$2,207$1,245$686$330
44 years$6,060$3,617$2,071$1,149$623$293
45 years$5,858$3,449$1,945$1,061$566$261
46 years$5,666$3,290$1,827$980$514$232
47 years$5,483$3,140$1,716$906$466$206
48 years$5,307$2,997$1,613$837$424$183
49 years$5,140$2,862$1,516$773$385$163
50 years$4,979$2,734$1,425$715$349$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,100,000, adding $6,248 every year, while hoping to spend $46,991 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: 57/37/6 Blend
63$5,100,000$5,100,000$5,100,000$5,100,000
64$5,626,645$5,356,345$5,277,295$5,940,019
65$6,150,565$5,568,808$5,404,086$6,363,858
66$6,726,349$5,790,106$5,533,550$6,819,575
67$7,359,239$6,020,624$5,665,726$7,314,913
68$8,055,008$6,260,761$5,800,655$7,853,656
69$8,820,017$6,510,937$5,938,375$8,439,965
70$9,661,274$6,771,588$6,078,926$9,078,414
71$10,586,501$7,043,172$6,222,346$9,774,033
72$11,604,203$7,326,166$6,368,674$10,532,353
73$12,723,754$7,621,071$6,517,947$11,359,459
74$13,955,480$7,928,407$6,670,202$12,262,041
75$15,310,761$8,248,721$6,825,475$13,247,462
76$16,802,133$8,582,582$6,983,803$14,323,820
77$18,443,409$8,930,588$7,145,219$15,500,026
78$20,249,811$9,293,360$7,309,758$16,785,884
79$22,238,109$9,671,552$7,477,452$18,192,184
80$24,426,781$10,065,844$7,648,332$19,730,800
81$26,836,191$10,476,948$7,822,429$21,414,800
82$29,488,773$10,905,609$7,999,771$23,258,569
83$32,409,251$11,352,606$8,180,386$25,277,940
84$35,624,864$11,818,754$8,364,299$27,490,341
85$39,165,632$12,304,904$8,551,534$29,914,961
86$43,064,629$12,811,947$8,742,113$32,572,922
87$47,358,303$13,340,815$8,936,056$35,487,483
88$52,086,815$13,892,480$9,133,379$38,684,249
89$57,294,422$14,467,964$9,334,099$42,191,415
90$63,029,890$15,068,330$9,538,228$46,040,030
91$69,346,955$15,694,695$9,745,776$50,264,280
92$76,304,834$16,348,224$9,956,748$54,901,815
93$83,968,778$17,030,138$10,171,150$59,994,095
94$92,410,690$17,741,712$10,388,981$65,586,783
95$101,709,807$18,484,282$10,610,238$71,730,167
96$111,953,440$19,259,245$10,834,913$78,479,634
97$123,237,804$20,068,061$11,062,997$85,896,186
98$135,668,925$20,912,261$11,294,471$94,047,016
99$149,363,637$21,793,443$11,529,318$103,006,132
100$164,450,689$22,713,283$11,767,511$112,855,054