Can I retire at age 64 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$429,411$425,586$421,854$418,212$414,655$402,349
2 years$212,580$208,621$204,784$201,063$197,455$185,158
3 years$140,312$136,336$132,509$128,823$125,274$113,372
4 years$104,185$100,221$96,432$92,810$89,346$77,931
5 years$82,515$78,575$74,835$71,287$67,919$57,022
6 years$68,073$64,162$60,478$57,009$53,742$43,372
7 years$57,761$53,883$50,258$46,870$43,707$33,863
8 years$50,031$46,188$42,622$39,318$36,259$26,936
9 years$44,021$40,215$36,711$33,490$30,535$21,724
10 years$39,217$35,447$32,005$28,869$26,018$17,705
11 years$35,288$31,557$28,177$25,125$22,376$14,548
12 years$32,017$28,324$25,006$22,038$19,391$12,031
13 years$29,251$25,596$22,341$19,456$16,909$10,002
14 years$26,882$23,266$20,074$17,271$14,822$8,350
15 years$24,831$21,254$18,124$15,403$13,051$6,995
16 years$23,038$19,500$16,432$13,791$11,534$5,876
17 years$21,458$17,959$14,953$12,391$10,227$4,948
18 years$20,054$16,595$13,650$11,167$9,093$4,174
19 years$18,800$15,380$12,496$10,090$8,105$3,527
20 years$17,673$14,292$11,468$9,139$7,240$2,985
21 years$16,655$13,312$10,548$8,294$6,479$2,529
22 years$15,730$12,427$9,722$7,541$5,807$2,144
23 years$14,887$11,622$8,976$6,868$5,213$1,820
24 years$14,115$10,889$8,302$6,264$4,686$1,545
25 years$13,406$10,219$7,689$5,721$4,216$1,313
26 years$12,753$9,604$7,131$5,231$3,798$1,116
27 years$12,149$9,039$6,622$4,788$3,424$949
28 years$11,590$8,517$6,156$4,387$3,090$808
29 years$11,070$8,035$5,729$4,023$2,790$688
30 years$10,585$7,588$5,336$3,692$2,521$585
31 years$10,133$7,173$4,975$3,391$2,279$498
32 years$9,709$6,787$4,641$3,116$2,062$424
33 years$9,312$6,428$4,334$2,865$1,866$361
34 years$8,940$6,092$4,049$2,636$1,689$308
35 years$8,589$5,778$3,786$2,427$1,530$262
36 years$8,259$5,484$3,541$2,235$1,386$224
37 years$7,947$5,209$3,315$2,059$1,256$190
38 years$7,652$4,950$3,104$1,898$1,139$162
39 years$7,373$4,707$2,908$1,750$1,033$138
40 years$7,109$4,479$2,726$1,614$937$118
41 years$6,859$4,263$2,556$1,489$850$100
42 years$6,620$4,060$2,398$1,375$771$86
43 years$6,394$3,869$2,250$1,269$700$73
44 years$6,178$3,688$2,112$1,172$635$62
45 years$5,973$3,516$1,983$1,082$577$53
46 years$5,777$3,354$1,862$999$524$45
47 years$5,590$3,201$1,750$923$476$39
48 years$5,411$3,056$1,644$853$432$33
49 years$5,241$2,918$1,545$789$392$28
50 years$5,077$2,788$1,453$729$356$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,200,000, adding $3,179 every year, while hoping to spend $31,161 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: 36/36/28 Blend
63$5,200,000$5,200,000$5,200,000$5,200,000
64$5,733,679$5,458,079$5,377,479$5,891,780
65$6,285,359$5,692,370$5,524,470$6,243,979
66$6,892,267$5,937,097$5,675,340$6,620,895
67$7,560,001$6,192,738$5,830,187$7,027,217
68$8,294,733$6,459,794$5,989,110$7,465,611
69$9,103,262$6,738,790$6,152,211$7,939,002
70$9,993,078$7,030,274$6,319,594$8,450,598
71$10,972,436$7,334,821$6,491,364$9,003,923
72$12,050,430$7,653,033$6,667,631$9,602,843
73$13,237,083$7,985,540$6,848,505$10,251,604
74$14,543,435$8,333,002$7,034,100$10,954,868
75$15,981,654$8,696,108$7,224,531$11,717,757
76$17,565,148$9,075,582$7,419,918$12,545,897
77$19,308,689$9,472,182$7,620,381$13,445,470
78$21,228,556$9,886,700$7,826,045$14,423,270
79$23,342,687$10,319,966$8,037,035$15,486,762
80$25,670,847$10,772,849$8,253,482$16,644,155
81$28,234,815$11,246,262$8,475,516$17,904,470
82$31,058,594$11,741,155$8,703,273$19,277,629
83$34,168,628$12,258,530$8,936,890$20,774,540
84$37,594,060$12,799,430$9,176,508$22,407,200
85$41,367,004$13,364,952$9,422,271$24,188,805
86$45,522,847$13,956,243$9,674,325$26,133,869
87$50,100,582$14,574,503$9,932,819$28,258,358
88$55,143,179$15,220,992$10,197,907$30,579,841
89$60,697,991$15,897,028$10,469,744$33,117,644
90$66,817,195$16,603,991$10,748,489$35,893,035
91$73,558,289$17,343,327$11,034,305$38,929,419
92$80,984,636$18,116,552$11,327,355$42,252,552
93$89,166,058$18,925,252$11,627,811$45,890,783
94$98,179,496$19,771,089$11,935,842$49,875,313
95$108,109,738$20,655,805$12,251,626$54,240,487
96$119,050,215$21,581,224$12,575,340$59,024,114
97$131,103,890$22,549,258$12,907,167$64,267,814
98$144,384,223$23,561,907$13,247,293$70,017,410
99$159,016,243$24,621,269$13,595,906$76,323,349
100$175,137,731$25,729,543$13,953,200$83,241,179