Can I retire at age 64 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$470,701$466,508$462,417$458,425$454,526$442,999
2 years$233,020$228,680$224,474$220,396$216,441$204,902
3 years$153,804$149,445$145,250$141,210$137,319$126,130
4 years$114,203$109,858$105,705$101,734$97,937$87,183
5 years$90,449$86,130$82,031$78,141$74,450$64,162
6 years$74,618$70,332$66,293$62,490$58,910$49,097
7 years$63,315$59,064$55,090$51,377$47,910$38,573
8 years$54,841$50,629$46,721$43,099$39,746$30,882
9 years$48,254$44,082$40,241$36,711$33,472$25,072
10 years$42,987$38,856$35,083$31,645$28,519$20,575
11 years$38,681$34,591$30,886$27,540$24,528$17,026
12 years$35,095$31,047$27,411$24,157$21,255$14,183
13 years$32,063$28,058$24,490$21,327$18,535$11,878
14 years$29,467$25,504$22,004$18,931$16,248$9,992
15 years$27,218$23,298$19,867$16,884$14,306$8,435
16 years$25,253$21,375$18,012$15,117$12,643$7,142
17 years$23,521$19,686$16,390$13,583$11,210$6,062
18 years$21,983$18,191$14,962$12,241$9,968$5,156
19 years$20,608$16,859$13,697$11,061$8,885$4,393
20 years$19,372$15,666$12,571$10,018$7,936$3,749
21 years$18,256$14,592$11,563$9,092$7,102$3,203
22 years$17,242$13,621$10,657$8,266$6,366$2,739
23 years$16,318$12,740$9,840$7,528$5,714$2,345
24 years$15,472$11,936$9,100$6,866$5,136$2,009
25 years$14,695$11,202$8,428$6,271$4,622$1,722
26 years$13,979$10,528$7,817$5,734$4,163$1,477
27 years$13,318$9,908$7,259$5,248$3,753$1,268
28 years$12,704$9,336$6,748$4,808$3,387$1,088
29 years$12,134$8,808$6,279$4,409$3,058$934
30 years$11,603$8,318$5,849$4,047$2,763$803
31 years$11,107$7,863$5,453$3,717$2,498$690
32 years$10,643$7,440$5,088$3,416$2,260$593
33 years$10,208$7,046$4,750$3,141$2,045$510
34 years$9,799$6,678$4,438$2,890$1,852$438
35 years$9,415$6,334$4,150$2,660$1,677$377
36 years$9,053$6,012$3,882$2,450$1,520$324
37 years$8,711$5,710$3,633$2,257$1,377$279
38 years$8,388$5,426$3,403$2,081$1,249$240
39 years$8,082$5,160$3,188$1,919$1,132$206
40 years$7,793$4,909$2,988$1,770$1,027$177
41 years$7,518$4,673$2,802$1,633$932$153
42 years$7,257$4,451$2,628$1,507$845$131
43 years$7,009$4,241$2,466$1,391$767$113
44 years$6,772$4,042$2,315$1,284$696$97
45 years$6,547$3,855$2,174$1,186$632$84
46 years$6,333$3,677$2,042$1,096$574$72
47 years$6,128$3,509$1,918$1,012$521$62
48 years$5,932$3,350$1,802$935$473$53
49 years$5,744$3,199$1,694$864$430$46
50 years$5,565$3,056$1,593$799$391$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,700,000, adding $2,674 every year, while hoping to spend $37,127 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: 50/28/22 Blend
63$5,700,000$5,700,000$5,700,000$5,700,000
64$6,284,158$5,982,058$5,893,708$6,559,475
65$6,885,640$6,235,676$6,051,645$7,004,340
66$7,547,228$6,500,477$6,213,628$7,483,573
67$8,275,014$6,776,970$6,379,753$8,003,659
68$9,075,711$7,065,687$6,550,120$8,568,476
69$9,956,713$7,367,185$6,724,829$9,182,287
70$10,926,169$7,682,048$6,903,982$9,849,774
71$11,993,056$8,010,886$7,087,683$10,576,088
72$13,167,266$8,354,339$7,276,040$11,366,892
73$14,459,701$8,713,074$7,469,160$12,228,412
74$15,882,368$9,087,793$7,667,155$13,167,497
75$17,448,503$9,479,228$7,870,138$14,191,681
76$19,172,687$9,888,147$8,078,224$15,309,248
77$21,070,987$10,315,352$8,291,531$16,529,316
78$23,161,109$10,761,686$8,510,178$17,861,914
79$25,462,561$11,228,027$8,734,287$19,318,078
80$27,996,839$11,715,298$8,963,984$20,909,951
81$30,787,633$12,224,463$9,199,393$22,650,899
82$33,861,044$12,756,535$9,440,645$24,555,629
83$37,245,835$13,312,569$9,687,871$26,640,331
84$40,973,700$13,893,674$9,941,204$28,922,824
85$45,079,563$14,501,011$10,200,781$31,422,723
86$49,601,911$15,135,793$10,466,740$34,161,623
87$54,583,152$15,799,293$10,739,222$37,163,296
88$60,070,018$16,492,842$11,018,370$40,453,916
89$66,114,005$17,217,836$11,304,330$44,062,300
90$72,771,858$17,975,736$11,597,250$48,020,177
91$80,106,111$18,768,070$11,897,282$52,362,488
92$88,185,671$19,596,442$12,204,577$57,127,705
93$97,086,471$20,462,529$12,519,292$62,358,197
94$106,892,187$21,368,089$12,841,584$68,100,622
95$117,695,028$22,314,963$13,171,615$74,406,362
96$129,596,603$23,305,079$13,509,546$81,332,010
97$142,708,885$24,340,455$13,855,544$88,939,892
98$157,155,262$25,423,208$14,209,775$97,298,655
99$173,071,706$26,555,554$14,572,411$106,483,911
100$190,608,057$27,739,812$14,943,623$116,578,940