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%
1 years$478,959$474,692$470,530$466,467$462,500$460,358
2 years$237,108$232,692$228,413$224,263$220,238$218,076
3 years$156,502$152,067$147,798$143,688$139,728$137,612
4 years$116,207$111,785$107,559$103,519$99,655$97,603
5 years$92,036$87,641$83,470$79,512$75,756$73,773
6 years$75,927$71,566$67,456$63,587$59,943$58,032
7 years$64,426$60,101$56,057$52,278$48,750$46,911
8 years$55,803$51,517$47,540$43,855$40,443$38,677
9 years$49,101$44,855$40,947$37,355$34,059$32,365
10 years$43,742$39,538$35,698$32,200$29,020$27,398
11 years$39,360$35,198$31,428$28,024$24,958$23,407
12 years$35,711$31,592$27,892$24,580$21,628$20,146
13 years$32,626$28,550$24,919$21,701$18,860$17,446
14 years$29,984$25,951$22,390$19,264$16,533$15,185
15 years$27,696$23,707$20,215$17,180$14,557$13,274
16 years$25,696$21,750$18,328$15,383$12,865$11,645
17 years$23,933$20,031$16,678$13,821$11,407$10,249
18 years$22,368$18,510$15,225$12,456$10,143$9,043
19 years$20,970$17,155$13,938$11,255$9,040$7,998
20 years$19,712$15,941$12,791$10,193$8,075$7,088
21 years$18,576$14,848$11,765$9,251$7,226$6,293
22 years$17,545$13,860$10,844$8,411$6,477$5,595
23 years$16,605$12,963$10,012$7,660$5,814$4,982
24 years$15,744$12,146$9,260$6,987$5,226$4,441
25 years$14,953$11,398$8,576$6,381$4,703$3,963
26 years$14,225$10,713$7,954$5,834$4,236$3,539
27 years$13,551$10,082$7,386$5,340$3,819$3,164
28 years$12,927$9,500$6,866$4,893$3,446$2,830
29 years$12,347$8,962$6,390$4,487$3,112$2,534
30 years$11,806$8,464$5,952$4,118$2,812$2,269
31 years$11,302$8,001$5,549$3,782$2,542$2,033
32 years$10,830$7,571$5,177$3,476$2,299$1,823
33 years$10,387$7,170$4,834$3,196$2,081$1,635
34 years$9,971$6,795$4,516$2,941$1,884$1,467
35 years$9,580$6,445$4,222$2,707$1,706$1,317
36 years$9,212$6,117$3,950$2,493$1,546$1,182
37 years$8,864$5,810$3,697$2,297$1,401$1,062
38 years$8,535$5,522$3,462$2,117$1,270$953
39 years$8,224$5,250$3,244$1,952$1,152$857
40 years$7,930$4,995$3,040$1,801$1,045$770
41 years$7,650$4,755$2,851$1,661$948$692
42 years$7,384$4,529$2,674$1,533$860$622
43 years$7,132$4,315$2,509$1,415$781$559
44 years$6,891$4,113$2,355$1,307$709$503
45 years$6,662$3,922$2,212$1,207$643$452
46 years$6,444$3,742$2,077$1,115$584$406
47 years$6,235$3,571$1,952$1,030$530$366
48 years$6,036$3,409$1,834$952$482$329
49 years$5,845$3,255$1,724$880$437$296
50 years$5,663$3,109$1,621$813$397$266

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 $6,265 every year, while hoping to spend $35,268 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: 42/43/15 Blend
63$5,800,000$5,800,000$5,800,000$5,800,000
64$6,398,062$6,090,662$6,000,762$6,638,417
65$7,013,140$6,351,580$6,164,263$7,069,170
66$7,689,773$6,624,100$6,332,059$7,531,363
67$8,434,204$6,908,755$6,504,257$8,031,094
68$9,253,309$7,206,100$6,680,965$8,571,813
69$10,154,665$7,516,718$6,862,297$9,157,307
70$11,146,622$7,841,218$7,048,364$9,791,734
71$12,238,377$8,180,238$7,239,285$10,479,657
72$13,440,069$8,534,446$7,435,178$11,226,086
73$14,762,864$8,904,542$7,636,164$12,036,527
74$16,219,069$9,291,258$7,842,368$12,917,024
75$17,822,244$9,695,360$8,053,918$13,874,220
76$19,587,332$10,117,651$8,270,943$14,915,411
77$21,530,796$10,558,972$8,493,576$16,048,619
78$23,670,778$11,020,203$8,721,952$17,282,657
79$26,027,269$11,502,265$8,956,209$18,627,217
80$28,622,298$12,006,123$9,196,489$20,092,951
81$31,480,137$12,532,788$9,442,937$21,691,571
82$34,627,535$13,083,318$9,695,699$23,435,959
83$38,093,964$13,658,821$9,954,925$25,340,278
84$41,911,904$14,260,459$10,220,770$27,420,109
85$46,117,142$14,889,446$10,493,391$29,692,588
86$50,749,117$15,547,055$10,772,946$32,176,569
87$55,851,286$16,234,620$11,059,599$34,892,791
88$61,471,538$16,953,537$11,353,516$37,864,076
89$67,662,643$17,705,269$11,654,867$41,115,534
90$74,482,753$18,491,347$11,963,825$44,674,798
91$81,995,947$19,313,377$12,280,567$48,572,278
92$90,272,840$20,173,038$12,605,272$52,841,442
93$99,391,245$21,072,092$12,938,124$57,519,130
94$109,436,910$22,012,383$13,279,309$62,645,889
95$120,504,328$22,995,843$13,629,019$68,266,356
96$132,697,625$24,024,494$13,987,447$74,429,667
97$146,131,547$25,100,459$14,354,790$81,189,919
98$160,932,540$26,225,956$14,731,251$88,606,670
99$177,239,945$27,403,314$15,117,033$96,745,492
100$195,207,312$28,634,969$15,512,347$105,678,588