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%17.7%
1 years$445,927$441,955$438,080$434,297$430,604$417,154
2 years$220,756$216,645$212,660$208,797$205,049$191,619
3 years$145,709$141,580$137,605$133,778$130,092$117,101
4 years$108,192$104,076$100,141$96,380$92,783$80,332
5 years$85,689$81,597$77,714$74,029$70,532$58,655
6 years$70,691$66,630$62,804$59,201$55,809$44,516
7 years$59,983$55,956$52,191$48,673$45,388$34,678
8 years$51,955$47,964$44,262$40,830$37,654$27,519
9 years$45,714$41,762$38,123$34,778$31,710$22,140
10 years$40,725$36,811$33,236$29,979$27,018$17,999
11 years$36,645$32,771$29,261$26,091$23,237$14,751
12 years$33,248$29,413$25,968$22,885$20,136$12,167
13 years$30,376$26,581$23,201$20,204$17,559$10,088
14 years$27,916$24,161$20,846$17,935$15,392$8,398
15 years$25,786$22,072$18,821$15,995$13,553$7,015
16 years$23,924$20,250$17,064$14,322$11,978$5,876
17 years$22,283$18,650$15,528$12,868$10,620$4,934
18 years$20,826$17,233$14,175$11,597$9,443$4,150
19 years$19,523$15,972$12,976$10,479$8,417$3,496
20 years$18,353$14,842$11,909$9,490$7,518$2,950
21 years$17,295$13,824$10,954$8,613$6,728$2,491
22 years$16,335$12,905$10,096$7,831$6,031$2,106
23 years$15,459$12,069$9,322$7,132$5,413$1,781
24 years$14,658$11,308$8,621$6,505$4,866$1,508
25 years$13,922$10,612$7,985$5,941$4,378$1,277
26 years$13,244$9,974$7,405$5,432$3,944$1,082
27 years$12,617$9,386$6,877$4,972$3,556$918
28 years$12,035$8,845$6,393$4,555$3,208$778
29 years$11,495$8,344$5,949$4,177$2,897$660
30 years$10,992$7,880$5,541$3,834$2,618$560
31 years$10,522$7,449$5,166$3,521$2,367$475
32 years$10,083$7,049$4,820$3,236$2,141$403
33 years$9,671$6,675$4,500$2,976$1,937$342
34 years$9,284$6,326$4,205$2,738$1,754$291
35 years$8,920$6,001$3,931$2,520$1,589$247
36 years$8,576$5,695$3,678$2,321$1,440$210
37 years$8,253$5,409$3,442$2,139$1,305$178
38 years$7,947$5,141$3,223$1,971$1,183$151
39 years$7,657$4,888$3,020$1,818$1,073$128
40 years$7,383$4,651$2,831$1,676$973$109
41 years$7,122$4,427$2,654$1,547$883$93
42 years$6,875$4,216$2,490$1,427$801$79
43 years$6,640$4,017$2,336$1,318$727$67
44 years$6,416$3,829$2,193$1,217$660$57
45 years$6,203$3,652$2,059$1,124$599$48
46 years$5,999$3,484$1,934$1,038$544$41
47 years$5,805$3,324$1,817$959$494$35
48 years$5,619$3,174$1,707$886$448$30
49 years$5,442$3,031$1,605$819$407$25
50 years$5,272$2,895$1,509$757$370$21

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 $3,199 every year, while hoping to spend $50,591 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: 74/19/7 Blend
63$5,400,000$5,400,000$5,400,000$5,400,000
64$5,954,100$5,667,900$5,584,200$6,388,820
65$6,507,590$5,891,798$5,717,442$6,899,422
66$7,115,840$6,124,973$5,853,452$7,451,899
67$7,784,382$6,367,823$5,992,270$8,055,680
68$8,519,312$6,620,769$6,133,934$8,715,821
69$9,327,344$6,884,249$6,278,483$9,437,889
70$10,215,875$7,158,720$6,425,954$10,228,009
71$11,193,057$7,444,659$6,576,386$11,092,927
72$12,267,869$7,742,567$6,729,815$12,040,069
73$13,450,205$8,052,967$6,886,277$13,077,608
74$14,750,966$8,376,402$7,045,807$14,214,548
75$16,182,163$8,713,444$7,208,441$15,460,797
76$17,757,030$9,064,690$7,374,210$16,827,271
77$19,490,149$9,430,761$7,543,147$18,325,985
78$21,397,585$9,812,310$7,715,284$19,970,176
79$23,497,043$10,210,017$7,890,650$21,774,416
80$25,808,027$10,624,594$8,069,273$23,754,758
81$28,352,032$11,056,785$8,251,180$25,928,879
82$31,152,741$11,507,369$8,436,396$28,316,249
83$34,236,249$11,977,159$8,624,944$30,938,312
84$37,631,312$12,467,005$8,816,845$33,818,691
85$41,369,614$12,977,797$9,012,118$36,983,401
86$45,486,071$13,510,465$9,210,779$40,461,102
87$50,019,154$14,065,981$9,412,844$44,283,362
88$55,011,256$14,645,363$9,618,323$48,484,956
89$60,509,093$15,249,674$9,827,226$53,104,192
90$66,564,140$15,880,028$10,039,557$58,183,269
91$73,233,120$16,537,587$10,255,320$63,768,677
92$80,578,538$17,223,569$10,474,513$69,911,630
93$88,669,271$17,939,246$10,697,132$76,668,550
94$97,581,219$18,685,951$10,923,168$84,101,595
95$107,398,017$19,465,076$11,152,608$92,279,247
96$118,211,829$20,278,080$11,385,435$101,276,953
97$130,124,216$21,126,485$11,621,627$111,177,835
98$143,247,091$22,011,888$11,861,156$122,073,475
99$157,703,781$22,935,958$12,103,992$134,064,772
100$173,630,186$23,900,439$12,350,095$147,262,896