Can I retire at age 64 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$462,443$458,324$454,305$450,382$446,552$434,523
2 years$228,932$224,668$220,536$216,530$212,644$200,611
3 years$151,105$146,823$142,702$138,733$134,910$123,250
4 years$112,200$107,931$103,850$99,949$96,219$85,021
5 years$88,862$84,619$80,592$76,771$73,144$62,439
6 years$73,309$69,098$65,130$61,394$57,876$47,674
7 years$62,204$58,028$54,124$50,475$47,069$37,371
8 years$53,879$49,741$45,901$42,343$39,048$29,849
9 years$47,408$43,308$39,535$36,066$32,884$24,175
10 years$42,233$38,174$34,467$31,090$28,019$19,789
11 years$38,003$33,984$30,344$27,057$24,097$16,334
12 years$34,480$30,502$26,930$23,733$20,882$13,571
13 years$31,501$27,565$24,060$20,953$18,210$11,335
14 years$28,950$25,056$21,618$18,599$15,963$9,509
15 years$26,741$22,889$19,518$16,587$14,055$8,005
16 years$24,810$21,000$17,696$14,852$12,422$6,758
17 years$23,108$19,341$16,103$13,345$11,014$5,720
18 years$21,597$17,872$14,700$12,026$9,793$4,851
19 years$20,247$16,563$13,457$10,867$8,729$4,121
20 years$19,033$15,391$12,350$9,842$7,797$3,506
21 years$17,936$14,336$11,360$8,932$6,977$2,986
22 years$16,940$13,383$10,470$8,121$6,254$2,546
23 years$16,032$12,516$9,667$7,396$5,614$2,172
24 years$15,201$11,727$8,940$6,746$5,046$1,855
25 years$14,438$11,005$8,280$6,161$4,541$1,585
26 years$13,734$10,343$7,680$5,633$4,090$1,355
27 years$13,084$9,734$7,131$5,156$3,687$1,159
28 years$12,481$9,172$6,629$4,724$3,327$992
29 years$11,921$8,653$6,169$4,332$3,004$849
30 years$11,399$8,172$5,746$3,976$2,715$727
31 years$10,912$7,725$5,357$3,651$2,454$623
32 years$10,456$7,310$4,998$3,356$2,220$533
33 years$10,029$6,922$4,667$3,086$2,009$457
34 years$9,627$6,561$4,361$2,839$1,819$391
35 years$9,250$6,223$4,077$2,614$1,648$335
36 years$8,894$5,906$3,814$2,407$1,493$288
37 years$8,558$5,610$3,570$2,218$1,353$246
38 years$8,241$5,331$3,343$2,044$1,227$211
39 years$7,941$5,069$3,132$1,885$1,112$181
40 years$7,656$4,823$2,936$1,739$1,009$155
41 years$7,386$4,591$2,753$1,604$915$133
42 years$7,130$4,372$2,582$1,480$831$114
43 years$6,886$4,166$2,423$1,367$754$98
44 years$6,654$3,971$2,274$1,262$684$84
45 years$6,432$3,787$2,135$1,165$621$72
46 years$6,221$3,613$2,006$1,076$564$62
47 years$6,020$3,447$1,884$994$512$53
48 years$5,828$3,291$1,771$919$465$45
49 years$5,644$3,143$1,664$849$422$39
50 years$5,468$3,002$1,565$785$384$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,600,000, adding $3,898 every year, while hoping to spend $54,951 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: 33/49/18 Blend
63$5,600,000$5,600,000$5,600,000$5,600,000
64$6,175,221$5,878,421$5,791,621$6,344,407
65$6,746,626$6,107,996$5,927,173$6,699,405
66$7,374,473$6,346,979$6,065,424$7,076,404
67$8,064,460$6,595,772$6,206,407$7,481,555
68$8,822,866$6,854,796$6,350,153$7,917,364
69$9,656,609$7,124,491$6,496,693$8,386,578
70$10,573,308$7,405,317$6,646,057$8,892,211
71$11,581,360$7,697,752$6,798,275$9,437,568
72$12,690,015$8,002,298$6,953,373$10,026,275
73$13,909,465$8,319,478$7,111,379$10,662,314
74$15,250,937$8,649,840$7,272,318$11,350,053
75$16,726,806$8,993,955$7,436,213$12,094,290
76$18,350,702$9,352,420$7,603,088$12,900,295
77$20,137,644$9,725,860$7,772,962$13,773,853
78$22,104,182$10,114,926$7,945,855$14,721,321
79$24,268,552$10,520,299$8,121,784$15,749,685
80$26,650,843$10,942,694$8,300,763$16,866,621
81$29,273,196$11,382,852$8,482,806$18,080,564
82$32,160,004$11,841,554$8,667,921$19,400,787
83$35,338,145$12,319,611$8,856,118$20,837,486
84$38,837,239$12,817,875$9,047,401$22,401,868
85$42,689,920$13,337,233$9,241,771$24,106,260
86$46,932,150$13,878,616$9,439,229$25,964,216
87$51,603,555$14,442,994$9,639,768$27,990,646
88$56,747,799$15,031,382$9,843,382$30,201,950
89$62,412,998$15,644,843$10,050,059$32,616,169
90$68,652,170$16,284,487$10,259,783$35,253,152
91$75,523,739$16,951,474$10,472,533$38,134,737
92$83,092,083$17,647,019$10,688,285$41,284,957
93$91,428,143$18,372,390$10,907,010$44,730,257
94$100,610,092$19,128,916$11,128,673$48,499,742
95$110,724,072$19,917,984$11,353,235$52,625,445
96$121,865,009$20,741,047$11,580,650$57,142,624
97$134,137,504$21,599,623$11,810,866$62,090,090
98$147,656,826$22,495,300$12,043,826$67,510,567
99$162,549,992$23,429,740$12,279,465$73,451,091
100$178,956,976$24,404,681$12,517,711$79,963,441