Can I retire at age 64 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$445,927$441,955$438,080$434,297$430,604$428,069
2 years$220,756$216,645$212,660$208,797$205,049$202,493
3 years$145,709$141,580$137,605$133,778$130,092$127,592
4 years$108,192$104,076$100,141$96,380$92,783$90,358
5 years$85,689$81,597$77,714$74,029$70,532$68,191
6 years$70,691$66,630$62,804$59,201$55,809$53,554
7 years$59,983$55,956$52,191$48,673$45,388$43,220
8 years$51,955$47,964$44,262$40,830$37,654$35,573
9 years$45,714$41,762$38,123$34,778$31,710$29,716
10 years$40,725$36,811$33,236$29,979$27,018$25,110
11 years$36,645$32,771$29,261$26,091$23,237$21,413
12 years$33,248$29,413$25,968$22,885$20,136$18,396
13 years$30,376$26,581$23,201$20,204$17,559$15,900
14 years$27,916$24,161$20,846$17,935$15,392$13,812
15 years$25,786$22,072$18,821$15,995$13,553$12,050
16 years$23,924$20,250$17,064$14,322$11,978$10,550
17 years$22,283$18,650$15,528$12,868$10,620$9,266
18 years$20,826$17,233$14,175$11,597$9,443$8,159
19 years$19,523$15,972$12,976$10,479$8,417$7,201
20 years$18,353$14,842$11,909$9,490$7,518$6,368
21 years$17,295$13,824$10,954$8,613$6,728$5,641
22 years$16,335$12,905$10,096$7,831$6,031$5,004
23 years$15,459$12,069$9,322$7,132$5,413$4,446
24 years$14,658$11,308$8,621$6,505$4,866$3,954
25 years$13,922$10,612$7,985$5,941$4,378$3,520
26 years$13,244$9,974$7,405$5,432$3,944$3,137
27 years$12,617$9,386$6,877$4,972$3,556$2,797
28 years$12,035$8,845$6,393$4,555$3,208$2,496
29 years$11,495$8,344$5,949$4,177$2,897$2,229
30 years$10,992$7,880$5,541$3,834$2,618$1,992
31 years$10,522$7,449$5,166$3,521$2,367$1,780
32 years$10,083$7,049$4,820$3,236$2,141$1,592
33 years$9,671$6,675$4,500$2,976$1,937$1,425
34 years$9,284$6,326$4,205$2,738$1,754$1,275
35 years$8,920$6,001$3,931$2,520$1,589$1,142
36 years$8,576$5,695$3,678$2,321$1,440$1,022
37 years$8,253$5,409$3,442$2,139$1,305$916
38 years$7,947$5,141$3,223$1,971$1,183$820
39 years$7,657$4,888$3,020$1,818$1,073$735
40 years$7,383$4,651$2,831$1,676$973$659
41 years$7,122$4,427$2,654$1,547$883$591
42 years$6,875$4,216$2,490$1,427$801$530
43 years$6,640$4,017$2,336$1,318$727$475
44 years$6,416$3,829$2,193$1,217$660$426
45 years$6,203$3,652$2,059$1,124$599$382
46 years$5,999$3,484$1,934$1,038$544$343
47 years$5,805$3,324$1,817$959$494$307
48 years$5,619$3,174$1,707$886$448$276
49 years$5,442$3,031$1,605$819$407$247
50 years$5,272$2,895$1,509$757$370$222

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,400,000, adding $6,738 every year, while hoping to spend $57,101 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: 29/41/30 Blend
63$5,400,000$5,400,000$5,400,000$5,400,000
64$5,957,750$5,671,550$5,587,850$6,075,353
65$6,504,686$5,888,701$5,714,288$6,386,782
66$7,105,495$6,114,579$5,843,048$6,715,973
67$7,765,612$6,349,550$5,974,147$7,068,757
68$8,491,026$6,593,999$6,107,602$7,447,219
69$9,288,331$6,848,326$6,243,427$7,853,643
70$10,164,795$7,112,947$6,381,636$8,290,536
71$11,128,423$7,388,301$6,522,240$8,760,647
72$12,188,036$7,674,842$6,665,249$9,266,994
73$13,353,352$7,973,045$6,810,671$9,812,890
74$14,635,077$8,283,408$6,958,512$10,401,972
75$16,045,008$8,606,448$7,108,775$11,038,234
76$17,596,143$8,942,708$7,261,463$11,726,065
77$19,302,801$9,292,752$7,416,574$12,470,282
78$21,180,762$9,657,172$7,574,104$13,276,182
79$23,247,411$10,036,585$7,734,048$14,149,585
80$25,521,904$10,431,634$7,896,395$15,096,887
81$28,025,347$10,842,994$8,061,134$16,125,118
82$30,780,999$11,271,366$8,228,248$17,242,009
83$33,814,484$11,717,487$8,397,718$18,456,060
84$37,154,040$12,182,123$8,569,520$19,776,618
85$40,830,782$12,666,076$8,743,628$21,213,962
86$44,878,992$13,170,184$8,920,010$22,779,401
87$49,336,449$13,695,323$9,098,630$24,485,372
88$54,244,780$14,242,407$9,279,448$26,345,561
89$59,649,855$14,812,393$9,462,417$28,375,023
90$65,602,220$15,406,279$9,647,488$30,590,326
91$72,157,570$16,025,111$9,834,602$33,009,701
92$79,377,280$16,669,979$10,023,699$35,653,212
93$87,328,978$17,342,024$10,214,709$38,542,943
94$96,087,189$18,042,438$10,407,557$41,703,198
95$105,734,034$18,772,468$10,602,161$45,160,733
96$116,360,003$19,533,418$10,798,431$48,945,001
97$128,064,817$20,326,648$10,996,272$53,088,425
98$140,958,358$21,153,584$11,195,577$57,626,702
99$155,161,715$22,015,713$11,396,233$62,599,136
100$170,808,320$22,914,594$11,598,117$68,049,000