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%11%
1 years$478,959$474,692$470,530$466,467$462,500$460,551
2 years$237,108$232,692$228,413$224,263$220,238$218,271
3 years$156,502$152,067$147,798$143,688$139,728$137,803
4 years$116,207$111,785$107,559$103,519$99,655$97,787
5 years$92,036$87,641$83,470$79,512$75,756$73,951
6 years$75,927$71,566$67,456$63,587$59,943$58,203
7 years$64,426$60,101$56,057$52,278$48,750$47,075
8 years$55,803$51,517$47,540$43,855$40,443$38,834
9 years$49,101$44,855$40,947$37,355$34,059$32,516
10 years$43,742$39,538$35,698$32,200$29,020$27,542
11 years$39,360$35,198$31,428$28,024$24,958$23,544
12 years$35,711$31,592$27,892$24,580$21,628$20,277
13 years$32,626$28,550$24,919$21,701$18,860$17,570
14 years$29,984$25,951$22,390$19,264$16,533$15,303
15 years$27,696$23,707$20,215$17,180$14,557$13,386
16 years$25,696$21,750$18,328$15,383$12,865$11,752
17 years$23,933$20,031$16,678$13,821$11,407$10,349
18 years$22,368$18,510$15,225$12,456$10,143$9,139
19 years$20,970$17,155$13,938$11,255$9,040$8,088
20 years$19,712$15,941$12,791$10,193$8,075$7,173
21 years$18,576$14,848$11,765$9,251$7,226$6,373
22 years$17,545$13,860$10,844$8,411$6,477$5,671
23 years$16,605$12,963$10,012$7,660$5,814$5,053
24 years$15,744$12,146$9,260$6,987$5,226$4,508
25 years$14,953$11,398$8,576$6,381$4,703$4,025
26 years$14,225$10,713$7,954$5,834$4,236$3,598
27 years$13,551$10,082$7,386$5,340$3,819$3,219
28 years$12,927$9,500$6,866$4,893$3,446$2,882
29 years$12,347$8,962$6,390$4,487$3,112$2,582
30 years$11,806$8,464$5,952$4,118$2,812$2,314
31 years$11,302$8,001$5,549$3,782$2,542$2,075
32 years$10,830$7,571$5,177$3,476$2,299$1,862
33 years$10,387$7,170$4,834$3,196$2,081$1,672
34 years$9,971$6,795$4,516$2,941$1,884$1,501
35 years$9,580$6,445$4,222$2,707$1,706$1,348
36 years$9,212$6,117$3,950$2,493$1,546$1,211
37 years$8,864$5,810$3,697$2,297$1,401$1,089
38 years$8,535$5,522$3,462$2,117$1,270$979
39 years$8,224$5,250$3,244$1,952$1,152$880
40 years$7,930$4,995$3,040$1,801$1,045$792
41 years$7,650$4,755$2,851$1,661$948$712
42 years$7,384$4,529$2,674$1,533$860$641
43 years$7,132$4,315$2,509$1,415$781$576
44 years$6,891$4,113$2,355$1,307$709$519
45 years$6,662$3,922$2,212$1,207$643$467
46 years$6,444$3,742$2,077$1,115$584$420
47 years$6,235$3,571$1,952$1,030$530$378
48 years$6,036$3,409$1,834$952$482$340
49 years$5,845$3,255$1,724$880$437$307
50 years$5,663$3,109$1,621$813$397$276

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 $3,886 every year, while hoping to spend $50,100 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: 26/50/24 Blend
63$5,800,000$5,800,000$5,800,000$5,800,000
64$6,395,608$6,088,208$5,998,308$6,513,319
65$6,994,654$6,333,225$6,145,946$6,853,473
66$7,653,124$6,588,567$6,296,850$7,213,595
67$8,377,026$6,854,690$6,451,077$7,598,945
68$9,172,978$7,132,066$6,608,684$8,011,684
69$10,048,276$7,421,191$6,769,729$8,454,174
70$11,010,952$7,722,582$6,934,267$8,929,004
71$12,069,861$8,036,780$7,102,357$9,439,008
72$13,234,756$8,364,351$7,274,055$9,987,292
73$14,516,384$8,705,887$7,449,418$10,577,260
74$15,926,585$9,062,006$7,628,505$11,212,644
75$17,478,408$9,433,356$7,811,370$11,897,534
76$19,186,227$9,820,611$7,998,073$12,636,419
77$21,065,882$10,224,481$8,188,668$13,434,221
78$23,134,825$10,645,704$8,383,211$14,296,345
79$25,412,288$11,085,053$8,581,759$15,228,719
80$27,919,459$11,543,339$8,784,366$16,237,852
81$30,679,688$12,021,407$8,991,087$17,330,893
82$33,718,703$12,520,142$9,201,975$18,515,689
83$37,064,852$13,040,471$9,417,082$19,800,864
84$40,749,374$13,583,361$9,636,462$21,195,887
85$44,806,690$14,149,826$9,860,163$22,711,166
86$49,274,731$14,740,925$10,088,237$24,358,136
87$54,195,290$15,357,768$10,320,730$26,149,366
88$59,614,425$16,001,513$10,557,689$28,098,673
89$65,582,885$16,673,376$10,799,160$30,221,245
90$72,156,593$17,374,625$11,045,186$32,533,782
91$79,397,173$18,106,590$11,295,807$35,054,648
92$87,372,531$18,870,659$11,551,064$37,804,038
93$96,157,497$19,668,289$11,810,992$40,804,165
94$105,834,528$20,501,001$12,075,626$44,079,461
95$116,494,488$21,370,389$12,344,998$47,656,806
96$128,237,507$22,278,119$12,619,136$51,565,768
97$141,173,922$23,225,936$12,898,067$55,838,885
98$155,425,321$24,215,666$13,181,811$60,511,957
99$171,125,690$25,249,220$13,470,388$65,624,381
100$188,422,677$26,328,598$13,763,812$71,219,513