Can I retire at age 64 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$454,185$450,139$446,192$442,340$438,578$429,723
2 years$224,844$220,656$216,598$212,663$208,847$199,964
3 years$148,407$144,201$140,153$136,255$132,501$123,868
4 years$110,196$106,003$101,996$98,164$94,501$86,184
5 years$87,275$83,108$79,153$75,400$71,838$63,861
6 years$72,000$67,864$63,967$60,298$56,843$49,214
7 years$61,093$56,992$53,157$49,574$46,229$38,950
8 years$52,917$48,853$45,081$41,586$38,351$31,420
9 years$46,561$42,535$38,829$35,422$32,297$25,710
10 years$41,479$37,493$33,852$30,534$27,519$21,268
11 years$37,324$33,377$29,802$26,574$23,667$17,746
12 years$33,864$29,958$26,449$23,309$20,509$14,909
13 years$30,938$27,073$23,630$20,578$17,885$12,595
14 years$28,433$24,609$21,232$18,267$15,677$10,689
15 years$26,263$22,480$19,170$16,291$13,804$9,106
16 years$24,367$20,625$17,380$14,587$12,200$7,782
17 years$22,696$18,995$15,815$13,106$10,817$6,667
18 years$21,211$17,552$14,437$11,811$9,618$5,725
19 years$19,885$16,267$13,217$10,673$8,573$4,926
20 years$18,693$15,116$12,130$9,666$7,657$4,245
21 years$17,615$14,080$11,157$8,773$6,853$3,663
22 years$16,637$13,144$10,283$7,976$6,142$3,164
23 years$15,746$12,293$9,494$7,264$5,514$2,736
24 years$14,930$11,518$8,781$6,625$4,956$2,368
25 years$14,180$10,809$8,133$6,051$4,459$2,051
26 years$13,489$10,158$7,543$5,532$4,017$1,778
27 years$12,850$9,560$7,004$5,064$3,622$1,542
28 years$12,258$9,009$6,511$4,640$3,268$1,338
29 years$11,708$8,499$6,059$4,255$2,951$1,161
30 years$11,196$8,026$5,644$3,905$2,666$1,008
31 years$10,717$7,587$5,262$3,586$2,411$876
32 years$10,269$7,179$4,909$3,296$2,180$761
33 years$9,850$6,799$4,584$3,031$1,973$661
34 years$9,456$6,444$4,283$2,789$1,787$575
35 years$9,085$6,112$4,004$2,567$1,618$500
36 years$8,735$5,801$3,746$2,364$1,466$434
37 years$8,405$5,510$3,506$2,178$1,329$378
38 years$8,094$5,236$3,283$2,008$1,205$328
39 years$7,799$4,979$3,076$1,851$1,092$286
40 years$7,519$4,737$2,883$1,708$991$248
41 years$7,254$4,509$2,703$1,575$899$216
42 years$7,002$4,294$2,536$1,454$816$188
43 years$6,763$4,092$2,380$1,342$740$164
44 years$6,535$3,900$2,234$1,239$672$142
45 years$6,318$3,719$2,097$1,144$610$124
46 years$6,110$3,548$1,970$1,057$554$108
47 years$5,913$3,386$1,851$977$503$94
48 years$5,724$3,232$1,739$902$457$82
49 years$5,543$3,087$1,635$834$415$71
50 years$5,370$2,949$1,537$771$377$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,500,000, adding $6,791 every year, while hoping to spend $38,764 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: 24/49/27 Blend
63$5,500,000$5,500,000$5,500,000$5,500,000
64$6,068,005$5,776,505$5,691,255$6,161,760
65$6,645,697$6,018,309$5,840,667$6,483,307
66$7,281,014$6,270,662$5,993,786$6,823,850
67$7,979,794$6,534,041$6,150,694$7,187,903
68$8,748,466$6,808,943$6,311,476$7,577,449
69$9,594,118$7,095,889$6,476,218$7,994,653
70$10,524,555$7,395,424$6,645,008$8,441,884
71$11,548,379$7,708,120$6,817,936$8,921,735
72$12,675,069$8,034,573$6,995,092$9,437,047
73$13,915,067$8,375,408$7,176,568$9,990,927
74$15,279,879$8,731,278$7,362,459$10,586,781
75$16,782,185$9,102,869$7,552,860$11,228,342
76$18,435,954$9,490,896$7,747,867$11,919,698
77$20,256,581$9,896,109$7,947,580$12,665,335
78$22,261,026$10,319,293$8,152,098$13,470,169
79$24,467,981$10,761,268$8,361,523$14,339,595
80$26,898,039$11,222,894$8,575,958$15,279,530
81$29,573,894$11,705,072$8,795,508$16,296,468
82$32,520,553$12,208,741$9,020,279$17,397,535
83$35,765,570$12,734,890$9,250,378$18,590,558
84$39,339,308$13,284,549$9,485,916$19,884,126
85$43,275,225$13,858,800$9,727,002$21,287,677
86$47,610,189$14,458,773$9,973,748$22,811,573
87$52,384,829$15,085,653$10,226,269$24,467,200
88$57,643,911$15,740,680$10,484,678$26,267,068
89$63,436,768$16,425,151$10,749,093$28,224,924
90$69,817,762$17,140,427$11,019,631$30,355,878
91$76,846,796$17,887,930$11,296,411$32,676,538
92$84,589,881$18,669,151$11,579,553$35,205,161
93$93,119,760$19,485,650$11,869,179$37,961,823
94$102,516,590$20,339,062$12,165,412$40,968,600
95$112,868,704$21,231,097$12,468,374$44,249,765
96$124,273,438$22,163,548$12,778,191$47,832,021
97$136,838,058$23,138,290$13,094,990$51,744,736
98$150,680,764$24,157,291$13,418,896$56,020,217
99$165,931,810$25,222,606$13,750,037$60,694,008
100$182,734,734$26,336,393$14,088,542$65,805,215