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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.4%
1 years$470,701$466,508$462,417$458,425$454,526$446,262
2 years$233,020$228,680$224,474$220,396$216,441$208,145
3 years$153,804$149,445$145,250$141,210$137,319$129,249
4 years$114,203$109,858$105,705$101,734$97,937$90,155
5 years$90,449$86,130$82,031$78,141$74,450$66,979
6 years$74,618$70,332$66,293$62,490$58,910$51,758
7 years$63,315$59,064$55,090$51,377$47,910$41,078
8 years$54,841$50,629$46,721$43,099$39,746$33,233
9 years$48,254$44,082$40,241$36,711$33,472$27,275
10 years$42,987$38,856$35,083$31,645$28,519$22,632
11 years$38,681$34,591$30,886$27,540$24,528$18,944
12 years$35,095$31,047$27,411$24,157$21,255$15,967
13 years$32,063$28,058$24,490$21,327$18,535$13,534
14 years$29,467$25,504$22,004$18,931$16,248$11,525
15 years$27,218$23,298$19,867$16,884$14,306$9,852
16 years$25,253$21,375$18,012$15,117$12,643$8,448
17 years$23,521$19,686$16,390$13,583$11,210$7,265
18 years$21,983$18,191$14,962$12,241$9,968$6,261
19 years$20,608$16,859$13,697$11,061$8,885$5,407
20 years$19,372$15,666$12,571$10,018$7,936$4,677
21 years$18,256$14,592$11,563$9,092$7,102$4,051
22 years$17,242$13,621$10,657$8,266$6,366$3,513
23 years$16,318$12,740$9,840$7,528$5,714$3,050
24 years$15,472$11,936$9,100$6,866$5,136$2,650
25 years$14,695$11,202$8,428$6,271$4,622$2,305
26 years$13,979$10,528$7,817$5,734$4,163$2,005
27 years$13,318$9,908$7,259$5,248$3,753$1,746
28 years$12,704$9,336$6,748$4,808$3,387$1,521
29 years$12,134$8,808$6,279$4,409$3,058$1,326
30 years$11,603$8,318$5,849$4,047$2,763$1,156
31 years$11,107$7,863$5,453$3,717$2,498$1,008
32 years$10,643$7,440$5,088$3,416$2,260$879
33 years$10,208$7,046$4,750$3,141$2,045$767
34 years$9,799$6,678$4,438$2,890$1,852$670
35 years$9,415$6,334$4,150$2,660$1,677$585
36 years$9,053$6,012$3,882$2,450$1,520$511
37 years$8,711$5,710$3,633$2,257$1,377$446
38 years$8,388$5,426$3,403$2,081$1,249$389
39 years$8,082$5,160$3,188$1,919$1,132$340
40 years$7,793$4,909$2,988$1,770$1,027$297
41 years$7,518$4,673$2,802$1,633$932$260
42 years$7,257$4,451$2,628$1,507$845$227
43 years$7,009$4,241$2,466$1,391$767$198
44 years$6,772$4,042$2,315$1,284$696$173
45 years$6,547$3,855$2,174$1,186$632$151
46 years$6,333$3,677$2,042$1,096$574$132
47 years$6,128$3,509$1,918$1,012$521$116
48 years$5,932$3,350$1,802$935$473$101
49 years$5,744$3,199$1,694$864$430$88
50 years$5,565$3,056$1,593$799$391$77

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 $5,350 every year, while hoping to spend $33,506 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: 57/13/30 Blend
63$5,700,000$5,700,000$5,700,000$5,700,000
64$6,286,919$5,984,819$5,896,469$6,593,003
65$6,892,534$6,242,425$6,058,350$7,061,805
66$7,558,799$6,511,530$6,224,532$7,568,620
67$8,291,866$6,792,664$6,395,122$8,120,404
68$9,098,510$7,086,378$6,570,232$8,721,525
69$9,986,199$7,393,252$6,749,976$9,376,788
70$10,963,161$7,713,891$6,934,471$10,091,480
71$12,038,462$8,048,930$7,123,834$10,871,418
72$13,222,091$8,399,034$7,318,188$11,723,007
73$14,525,055$8,764,897$7,517,658$12,653,294
74$15,959,482$9,147,248$7,722,371$13,670,034
75$17,538,736$9,546,850$7,932,457$14,781,769
76$19,277,543$9,964,502$8,148,050$15,997,897
77$21,192,128$10,401,038$8,369,286$17,328,767
78$23,300,372$10,857,336$8,596,304$18,785,773
79$25,621,976$11,334,311$8,829,246$20,381,459
80$28,178,650$11,832,925$9,068,258$22,129,639
81$30,994,317$12,354,183$9,313,489$24,045,523
82$34,095,337$12,899,138$9,565,091$26,145,860
83$37,510,758$13,468,893$9,823,219$28,449,095
84$41,272,590$14,064,603$10,088,032$30,975,541
85$45,416,105$14,687,479$10,359,691$33,747,568
86$49,980,170$15,338,788$10,638,363$36,789,817
87$55,007,616$16,019,857$10,924,216$40,129,424
88$60,545,639$16,732,076$11,217,424$43,796,278
89$66,646,249$17,476,903$11,518,163$47,823,302
90$73,366,757$18,255,862$11,826,612$52,246,760
91$80,770,319$19,070,552$12,142,956$57,106,596
92$88,926,529$19,922,646$12,467,383$62,446,814
93$97,912,078$20,813,899$12,800,083$68,315,884
94$107,811,476$21,746,147$13,141,252$74,767,202
95$118,717,853$22,721,314$13,491,091$81,859,590
96$130,733,833$23,741,418$13,849,801$89,657,850
97$143,972,506$24,808,569$14,217,591$98,233,370
98$158,558,494$25,924,981$14,594,673$107,664,797
99$174,629,128$27,092,972$14,981,262$118,038,779
100$192,335,742$28,314,972$15,377,578$129,450,774