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%15.5%
1 years$470,701$466,508$462,417$458,425$454,526$444,260
2 years$233,020$228,680$224,474$220,396$216,441$206,153
3 years$153,804$149,445$145,250$141,210$137,319$127,331
4 years$114,203$109,858$105,705$101,734$97,937$88,325
5 years$90,449$86,130$82,031$78,141$74,450$65,242
6 years$74,618$70,332$66,293$62,490$58,910$50,114
7 years$63,315$59,064$55,090$51,377$47,910$39,529
8 years$54,841$50,629$46,721$43,099$39,746$31,776
9 years$48,254$44,082$40,241$36,711$33,472$25,907
10 years$42,987$38,856$35,083$31,645$28,519$21,352
11 years$38,681$34,591$30,886$27,540$24,528$17,748
12 years$35,095$31,047$27,411$24,157$21,255$14,853
13 years$32,063$28,058$24,490$21,327$18,535$12,498
14 years$29,467$25,504$22,004$18,931$16,248$10,563
15 years$27,218$23,298$19,867$16,884$14,306$8,961
16 years$25,253$21,375$18,012$15,117$12,643$7,626
17 years$23,521$19,686$16,390$13,583$11,210$6,505
18 years$21,983$18,191$14,962$12,241$9,968$5,562
19 years$20,608$16,859$13,697$11,061$8,885$4,764
20 years$19,372$15,666$12,571$10,018$7,936$4,087
21 years$18,256$14,592$11,563$9,092$7,102$3,510
22 years$17,242$13,621$10,657$8,266$6,366$3,019
23 years$16,318$12,740$9,840$7,528$5,714$2,598
24 years$15,472$11,936$9,100$6,866$5,136$2,238
25 years$14,695$11,202$8,428$6,271$4,622$1,929
26 years$13,979$10,528$7,817$5,734$4,163$1,664
27 years$13,318$9,908$7,259$5,248$3,753$1,436
28 years$12,704$9,336$6,748$4,808$3,387$1,240
29 years$12,134$8,808$6,279$4,409$3,058$1,071
30 years$11,603$8,318$5,849$4,047$2,763$925
31 years$11,107$7,863$5,453$3,717$2,498$800
32 years$10,643$7,440$5,088$3,416$2,260$691
33 years$10,208$7,046$4,750$3,141$2,045$598
34 years$9,799$6,678$4,438$2,890$1,852$517
35 years$9,415$6,334$4,150$2,660$1,677$447
36 years$9,053$6,012$3,882$2,450$1,520$387
37 years$8,711$5,710$3,633$2,257$1,377$335
38 years$8,388$5,426$3,403$2,081$1,249$290
39 years$8,082$5,160$3,188$1,919$1,132$251
40 years$7,793$4,909$2,988$1,770$1,027$217
41 years$7,518$4,673$2,802$1,633$932$188
42 years$7,257$4,451$2,628$1,507$845$162
43 years$7,009$4,241$2,466$1,391$767$141
44 years$6,772$4,042$2,315$1,284$696$122
45 years$6,547$3,855$2,174$1,186$632$105
46 years$6,333$3,677$2,042$1,096$574$91
47 years$6,128$3,509$1,918$1,012$521$79
48 years$5,932$3,350$1,802$935$473$68
49 years$5,744$3,199$1,694$864$430$59
50 years$5,565$3,056$1,593$799$391$51

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 $3,743 every year, while hoping to spend $33,778 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: 55/36/9 Blend
63$5,700,000$5,700,000$5,700,000$5,700,000
64$6,285,261$5,983,161$5,894,811$6,616,987
65$6,890,418$6,240,396$6,056,348$7,098,995
66$7,556,169$6,509,104$6,222,164$7,619,492
67$8,288,659$6,789,811$6,392,367$8,185,381
68$9,094,658$7,083,068$6,567,067$8,800,985
69$9,981,627$7,389,451$6,746,377$9,471,054
70$10,957,785$7,709,567$6,930,413$10,200,808
71$12,032,189$8,044,045$7,119,292$10,995,987
72$13,214,818$8,393,550$7,313,134$11,862,900
73$14,516,670$8,758,774$7,512,064$12,808,487
74$15,949,859$9,140,442$7,716,207$13,840,376
75$17,527,737$9,539,316$7,925,692$14,966,958
76$19,265,014$9,956,191$8,140,652$16,197,464
77$21,177,902$10,391,901$8,361,220$17,542,045
78$23,284,261$10,847,318$8,587,534$19,011,870
79$25,603,775$11,323,355$8,819,736$20,619,226
80$28,158,132$11,820,972$9,057,969$22,377,635
81$30,971,231$12,341,168$9,302,380$24,301,973
82$34,069,406$12,884,995$9,553,119$26,408,613
83$37,481,677$13,453,551$9,810,340$28,715,573
84$41,240,021$14,047,988$10,074,199$31,242,683
85$45,379,675$14,669,512$10,344,857$34,011,772
86$49,939,469$15,319,385$10,622,477$37,046,865
87$54,962,191$15,998,931$10,907,226$40,374,413
88$60,494,990$16,709,534$11,199,274$44,023,532
89$66,589,825$17,452,647$11,498,795$48,026,278
90$73,303,949$18,229,789$11,805,967$52,417,943
91$80,700,457$19,042,553$12,120,971$57,237,387
92$88,848,872$19,892,607$12,443,993$62,527,396
93$97,825,810$20,781,698$12,775,220$68,335,085
94$107,715,698$21,711,657$13,114,845$74,712,333
95$118,611,572$22,684,400$13,463,065$81,716,272
96$130,615,954$23,701,938$13,820,079$89,409,819
97$143,841,822$24,766,374$14,186,093$97,862,264
98$158,413,675$25,879,913$14,561,314$107,149,916
99$174,468,707$27,044,865$14,945,954$117,356,822
100$192,158,101$28,263,651$15,340,231$128,575,550