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%14.3%
1 years$454,185$450,139$446,192$442,340$438,578$430,780
2 years$224,844$220,656$216,598$212,663$208,847$201,017
3 years$148,407$144,201$140,153$136,255$132,501$124,884
4 years$110,196$106,003$101,996$98,164$94,501$87,155
5 years$87,275$83,108$79,153$75,400$71,838$64,784
6 years$72,000$67,864$63,967$60,298$56,843$50,088
7 years$61,093$56,992$53,157$49,574$46,229$39,776
8 years$52,917$48,853$45,081$41,586$38,351$32,198
9 years$46,561$42,535$38,829$35,422$32,297$26,441
10 years$41,479$37,493$33,852$30,534$27,519$21,954
11 years$37,324$33,377$29,802$26,574$23,667$18,387
12 years$33,864$29,958$26,449$23,309$20,509$15,508
13 years$30,938$27,073$23,630$20,578$17,885$13,153
14 years$28,433$24,609$21,232$18,267$15,677$11,208
15 years$26,263$22,480$19,170$16,291$13,804$9,588
16 years$24,367$20,625$17,380$14,587$12,200$8,228
17 years$22,696$18,995$15,815$13,106$10,817$7,080
18 years$21,211$17,552$14,437$11,811$9,618$6,107
19 years$19,885$16,267$13,217$10,673$8,573$5,277
20 years$18,693$15,116$12,130$9,666$7,657$4,568
21 years$17,615$14,080$11,157$8,773$6,853$3,960
22 years$16,637$13,144$10,283$7,976$6,142$3,437
23 years$15,746$12,293$9,494$7,264$5,514$2,986
24 years$14,930$11,518$8,781$6,625$4,956$2,597
25 years$14,180$10,809$8,133$6,051$4,459$2,260
26 years$13,489$10,158$7,543$5,532$4,017$1,968
27 years$12,850$9,560$7,004$5,064$3,622$1,715
28 years$12,258$9,009$6,511$4,640$3,268$1,495
29 years$11,708$8,499$6,059$4,255$2,951$1,304
30 years$11,196$8,026$5,644$3,905$2,666$1,138
31 years$10,717$7,587$5,262$3,586$2,411$993
32 years$10,269$7,179$4,909$3,296$2,180$867
33 years$9,850$6,799$4,584$3,031$1,973$757
34 years$9,456$6,444$4,283$2,789$1,787$662
35 years$9,085$6,112$4,004$2,567$1,618$578
36 years$8,735$5,801$3,746$2,364$1,466$505
37 years$8,405$5,510$3,506$2,178$1,329$442
38 years$8,094$5,236$3,283$2,008$1,205$386
39 years$7,799$4,979$3,076$1,851$1,092$337
40 years$7,519$4,737$2,883$1,708$991$295
41 years$7,254$4,509$2,703$1,575$899$258
42 years$7,002$4,294$2,536$1,454$816$226
43 years$6,763$4,092$2,380$1,342$740$197
44 years$6,535$3,900$2,234$1,239$672$172
45 years$6,318$3,719$2,097$1,144$610$151
46 years$6,110$3,548$1,970$1,057$554$132
47 years$5,913$3,386$1,851$977$503$115
48 years$5,724$3,232$1,739$902$457$101
49 years$5,543$3,087$1,635$834$415$88
50 years$5,370$2,949$1,537$771$377$77

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 $4,781 every year, while hoping to spend $21,606 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: 85/8/7 Blend
63$5,500,000$5,500,000$5,500,000$5,500,000
64$6,065,932$5,774,432$5,689,182$6,577,674
65$6,661,668$6,034,390$5,856,781$7,172,236
66$7,317,445$6,306,362$6,029,270$7,821,873
67$8,039,365$6,590,915$6,206,791$8,534,887
68$8,834,150$6,888,639$6,389,488$9,317,636
69$9,709,209$7,200,158$6,577,511$10,177,122
70$10,672,703$7,526,121$6,771,013$11,121,058
71$11,733,628$7,867,210$6,970,151$12,157,936
72$12,901,896$8,224,141$7,175,089$13,297,113
73$14,188,427$8,597,661$7,385,992$14,548,894
74$15,605,256$8,988,556$7,603,033$15,924,630
75$17,165,645$9,397,648$7,826,386$17,436,824
76$18,884,205$9,825,798$8,056,235$19,099,250
77$20,777,041$10,273,908$8,292,766$20,927,081
78$22,861,894$10,742,925$8,536,169$22,937,030
79$25,158,320$11,233,841$8,786,642$25,147,511
80$27,687,862$11,747,693$9,044,389$27,578,806
81$30,474,265$12,285,571$9,309,617$30,253,264
82$33,543,692$12,848,615$9,582,541$33,195,502
83$36,924,973$13,438,022$9,863,381$36,432,642
84$40,649,880$14,055,045$10,152,363$39,994,567
85$44,753,421$14,700,996$10,449,721$43,914,196
86$49,274,178$15,377,252$10,755,694$48,227,801
87$54,254,662$16,085,255$11,070,528$52,975,342
88$59,741,723$16,826,518$11,394,477$58,200,848
89$65,786,987$17,602,626$11,727,799$63,952,829
90$72,447,343$18,415,238$12,070,764$70,284,733
91$79,785,483$19,266,096$12,423,646$77,255,448
92$87,870,492$20,157,024$12,786,727$84,929,860
93$96,778,498$21,089,934$13,160,299$93,379,462
94$106,593,396$22,066,832$13,544,660$102,683,024
95$117,407,633$23,089,817$13,940,116$112,927,344
96$129,323,086$24,161,093$14,346,985$124,208,056
97$142,452,021$25,282,967$14,765,589$136,630,537
98$156,918,154$26,457,859$15,196,263$150,310,899
99$172,857,818$27,688,306$15,639,350$165,377,084
100$190,421,248$28,976,966$16,095,201$181,970,065