Can I retire at age 64 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$478,959$474,692$470,530$466,467$462,500$451,136
2 years$237,108$232,692$228,413$224,263$220,238$208,859
3 years$156,502$152,067$147,798$143,688$139,728$128,690
4 years$116,207$111,785$107,559$103,519$99,655$89,043
5 years$92,036$87,641$83,470$79,512$75,756$65,599
6 years$75,927$71,566$67,456$63,587$59,943$50,252
7 years$64,426$60,101$56,057$52,278$48,750$39,525
8 years$55,803$51,517$47,540$43,855$40,443$31,681
9 years$49,101$44,855$40,947$37,355$34,059$25,752
10 years$43,742$39,538$35,698$32,200$29,020$21,159
11 years$39,360$35,198$31,428$28,024$24,958$17,531
12 years$35,711$31,592$27,892$24,580$21,628$14,623
13 years$32,626$28,550$24,919$21,701$18,860$12,264
14 years$29,984$25,951$22,390$19,264$16,533$10,330
15 years$27,696$23,707$20,215$17,180$14,557$8,733
16 years$25,696$21,750$18,328$15,383$12,865$7,405
17 years$23,933$20,031$16,678$13,821$11,407$6,294
18 years$22,368$18,510$15,225$12,456$10,143$5,362
19 years$20,970$17,155$13,938$11,255$9,040$4,575
20 years$19,712$15,941$12,791$10,193$8,075$3,910
21 years$18,576$14,848$11,765$9,251$7,226$3,346
22 years$17,545$13,860$10,844$8,411$6,477$2,866
23 years$16,605$12,963$10,012$7,660$5,814$2,457
24 years$15,744$12,146$9,260$6,987$5,226$2,108
25 years$14,953$11,398$8,576$6,381$4,703$1,810
26 years$14,225$10,713$7,954$5,834$4,236$1,555
27 years$13,551$10,082$7,386$5,340$3,819$1,337
28 years$12,927$9,500$6,866$4,893$3,446$1,149
29 years$12,347$8,962$6,390$4,487$3,112$989
30 years$11,806$8,464$5,952$4,118$2,812$851
31 years$11,302$8,001$5,549$3,782$2,542$732
32 years$10,830$7,571$5,177$3,476$2,299$630
33 years$10,387$7,170$4,834$3,196$2,081$543
34 years$9,971$6,795$4,516$2,941$1,884$467
35 years$9,580$6,445$4,222$2,707$1,706$403
36 years$9,212$6,117$3,950$2,493$1,546$347
37 years$8,864$5,810$3,697$2,297$1,401$299
38 years$8,535$5,522$3,462$2,117$1,270$257
39 years$8,224$5,250$3,244$1,952$1,152$222
40 years$7,930$4,995$3,040$1,801$1,045$191
41 years$7,650$4,755$2,851$1,661$948$165
42 years$7,384$4,529$2,674$1,533$860$142
43 years$7,132$4,315$2,509$1,415$781$122
44 years$6,891$4,113$2,355$1,307$709$105
45 years$6,662$3,922$2,212$1,207$643$91
46 years$6,444$3,742$2,077$1,115$584$78
47 years$6,235$3,571$1,952$1,030$530$68
48 years$6,036$3,409$1,834$952$482$58
49 years$5,845$3,255$1,724$880$437$50
50 years$5,663$3,109$1,621$813$397$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,800,000, adding $3,553 every year, while hoping to spend $22,831 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: 34/44/22 Blend
63$5,800,000$5,800,000$5,800,000$5,800,000
64$6,395,265$6,087,865$5,997,965$6,569,617
65$7,023,290$6,361,878$6,174,605$6,973,340
66$7,714,608$6,648,553$6,356,397$7,406,063
67$8,475,652$6,948,486$6,543,490$7,872,238
68$9,313,508$7,262,301$6,736,036$8,374,841
69$10,235,985$7,590,653$6,934,193$8,917,137
70$11,251,689$7,934,228$7,138,121$9,502,704
71$12,370,101$8,293,745$7,347,988$10,135,464
72$13,601,669$8,669,957$7,563,964$10,819,717
73$14,957,906$9,063,652$7,786,224$11,560,182
74$16,451,499$9,475,657$8,014,949$12,362,034
75$18,096,427$9,906,840$8,250,324$13,230,954
76$19,908,095$10,358,106$8,492,542$14,173,175
77$21,903,475$10,830,409$8,741,797$15,195,542
78$24,101,275$11,324,744$8,998,293$16,305,569
79$26,522,105$11,842,156$9,262,235$17,511,508
80$29,188,678$12,383,741$9,533,839$18,822,423
81$32,126,024$12,950,644$9,813,323$20,248,271
82$35,361,721$13,544,069$10,100,912$21,799,993
83$38,926,164$14,165,275$10,396,840$23,489,609
84$42,852,842$14,815,583$10,701,343$25,330,333
85$47,178,662$15,496,377$11,014,669$27,336,687
86$51,944,293$16,209,107$11,337,067$29,524,636
87$57,194,551$16,955,293$11,668,799$31,911,731
88$62,978,821$17,736,528$12,010,129$34,517,273
89$69,351,525$18,554,482$12,361,333$37,362,485
90$76,372,634$19,410,905$12,722,691$40,470,709
91$84,108,234$20,307,631$13,094,493$43,867,619
92$92,631,152$21,246,583$13,477,037$47,581,457
93$102,021,640$22,229,776$13,870,628$51,643,290
94$112,368,134$23,259,322$14,275,580$56,087,302
95$123,768,089$24,337,434$14,692,218$60,951,101
96$136,328,900$25,466,434$15,120,873$66,276,074
97$150,168,912$26,648,754$15,561,886$72,107,761
98$165,418,540$27,886,942$16,015,609$78,496,285
99$182,221,502$29,183,673$16,482,402$85,496,808
100$200,736,169$30,541,747$16,962,637$93,170,046