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

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$478,959$474,692$470,530$466,467$462,500$458,051
2 years$237,108$232,692$228,413$224,263$220,238$215,757
3 years$156,502$152,067$147,798$143,688$139,728$135,353
4 years$116,207$111,785$107,559$103,519$99,655$95,420
5 years$92,036$87,641$83,470$79,512$75,756$71,673
6 years$75,927$71,566$67,456$63,587$59,943$56,018
7 years$64,426$60,101$56,057$52,278$48,750$44,984
8 years$55,803$51,517$47,540$43,855$40,443$36,835
9 years$49,101$44,855$40,947$37,355$34,059$30,609
10 years$43,742$39,538$35,698$32,200$29,020$25,726
11 years$39,360$35,198$31,428$28,024$24,958$21,817
12 years$35,711$31,592$27,892$24,580$21,628$18,637
13 years$32,626$28,550$24,919$21,701$18,860$16,015
14 years$29,984$25,951$22,390$19,264$16,533$13,831
15 years$27,696$23,707$20,215$17,180$14,557$11,993
16 years$25,696$21,750$18,328$15,383$12,865$10,436
17 years$23,933$20,031$16,678$13,821$11,407$9,108
18 years$22,368$18,510$15,225$12,456$10,143$7,970
19 years$20,970$17,155$13,938$11,255$9,040$6,989
20 years$19,712$15,941$12,791$10,193$8,075$6,140
21 years$18,576$14,848$11,765$9,251$7,226$5,403
22 years$17,545$13,860$10,844$8,411$6,477$4,761
23 years$16,605$12,963$10,012$7,660$5,814$4,201
24 years$15,744$12,146$9,260$6,987$5,226$3,710
25 years$14,953$11,398$8,576$6,381$4,703$3,280
26 years$14,225$10,713$7,954$5,834$4,236$2,902
27 years$13,551$10,082$7,386$5,340$3,819$2,570
28 years$12,927$9,500$6,866$4,893$3,446$2,277
29 years$12,347$8,962$6,390$4,487$3,112$2,019
30 years$11,806$8,464$5,952$4,118$2,812$1,791
31 years$11,302$8,001$5,549$3,782$2,542$1,589
32 years$10,830$7,571$5,177$3,476$2,299$1,411
33 years$10,387$7,170$4,834$3,196$2,081$1,253
34 years$9,971$6,795$4,516$2,941$1,884$1,113
35 years$9,580$6,445$4,222$2,707$1,706$989
36 years$9,212$6,117$3,950$2,493$1,546$879
37 years$8,864$5,810$3,697$2,297$1,401$781
38 years$8,535$5,522$3,462$2,117$1,270$695
39 years$8,224$5,250$3,244$1,952$1,152$618
40 years$7,930$4,995$3,040$1,801$1,045$549
41 years$7,650$4,755$2,851$1,661$948$489
42 years$7,384$4,529$2,674$1,533$860$435
43 years$7,132$4,315$2,509$1,415$781$387
44 years$6,891$4,113$2,355$1,307$709$344
45 years$6,662$3,922$2,212$1,207$643$306
46 years$6,444$3,742$2,077$1,115$584$273
47 years$6,235$3,571$1,952$1,030$530$243
48 years$6,036$3,409$1,834$952$482$216
49 years$5,845$3,255$1,724$880$437$192
50 years$5,663$3,109$1,621$813$397$171

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 $4,714 every year, while hoping to spend $30,836 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: 58/31/11 Blend
63$5,800,000$5,800,000$5,800,000$5,800,000
64$6,396,462$6,089,062$5,999,162$6,750,101
65$7,016,092$6,354,617$6,167,325$7,254,556
66$7,697,891$6,632,151$6,340,088$7,800,307
67$8,448,167$6,922,217$6,517,572$8,394,441
68$9,273,872$7,225,398$6,699,902$9,041,603
69$10,182,664$7,542,299$6,887,206$9,746,902
70$11,182,983$7,873,559$7,079,615$10,515,954
71$12,284,128$8,219,844$7,277,262$11,354,934
72$13,496,344$8,581,852$7,480,286$12,270,633
73$14,830,923$8,960,314$7,688,827$13,270,523
74$16,300,304$9,355,997$7,903,030$14,362,820
75$17,918,196$9,769,701$8,123,042$15,556,563
76$19,699,703$10,202,268$8,349,016$16,861,697
77$21,661,471$10,654,577$8,581,106$18,289,165
78$23,821,839$11,127,550$8,819,471$19,851,008
79$26,201,018$11,622,151$9,064,275$21,560,475
80$28,821,278$12,139,393$9,315,684$23,432,148
81$31,707,159$12,680,334$9,573,870$25,482,076
82$34,885,703$13,246,083$9,839,008$27,727,925
83$38,386,706$13,837,803$10,111,276$30,189,137
84$42,243,006$14,456,711$10,390,860$32,887,118
85$46,490,785$15,104,083$10,677,947$35,845,430
86$51,169,917$15,781,254$10,972,729$39,090,015
87$56,324,337$16,489,624$11,275,404$42,649,434
88$62,002,463$17,230,660$11,586,174$46,555,132
89$68,257,650$18,005,897$11,905,246$50,841,734
90$75,148,689$18,816,946$12,232,831$55,547,368
91$82,740,371$19,665,491$12,569,147$60,714,014
92$91,104,090$20,553,301$12,914,414$66,387,908
93$100,318,520$21,482,226$13,268,859$72,619,962
94$110,470,359$22,454,205$13,632,716$79,466,246
95$121,655,145$23,471,270$14,006,222$86,988,514
96$133,978,159$24,535,552$14,389,619$95,254,776
97$147,555,417$25,649,280$14,783,157$104,339,940
98$162,514,767$26,814,792$15,187,091$114,326,510
99$178,997,095$28,034,539$15,601,680$125,305,361
100$197,157,654$29,311,086$16,027,192$137,376,590