Can I retire at age 64 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$487,216$482,877$478,642$474,510$470,474$458,543
2 years$241,196$236,704$232,351$228,130$224,035$212,092
3 years$159,200$154,689$150,346$146,165$142,137$130,555
4 years$118,210$113,713$109,414$105,304$101,373$90,242
5 years$93,623$89,152$84,909$80,883$77,063$66,413
6 years$77,236$72,799$68,619$64,683$60,977$50,820
7 years$65,536$61,137$57,023$53,179$49,591$39,927
8 years$56,765$52,406$48,360$44,611$41,140$31,965
9 years$49,947$45,628$41,653$37,999$34,646$25,952
10 years$44,496$40,219$36,314$32,755$29,520$21,296
11 years$40,038$35,805$31,970$28,507$25,388$17,623
12 years$36,327$32,136$28,373$25,004$22,001$14,681
13 years$33,188$29,042$25,349$22,075$19,185$12,295
14 years$30,501$26,398$22,776$19,596$16,818$10,342
15 years$28,174$24,115$20,564$17,476$14,808$8,731
16 years$26,139$22,125$18,644$15,648$13,087$7,393
17 years$24,346$20,377$16,965$14,059$11,604$6,275
18 years$22,754$18,829$15,487$12,670$10,318$5,337
19 years$21,331$17,450$14,178$11,449$9,196$4,548
20 years$20,052$16,216$13,012$10,369$8,214$3,880
21 years$18,897$15,104$11,968$9,411$7,351$3,315
22 years$17,847$14,099$11,031$8,556$6,589$2,835
23 years$16,891$13,187$10,185$7,792$5,915$2,427
24 years$16,015$12,355$9,419$7,107$5,316$2,079
25 years$15,211$11,595$8,724$6,491$4,784$1,783
26 years$14,470$10,897$8,091$5,935$4,309$1,529
27 years$13,785$10,256$7,513$5,432$3,885$1,312
28 years$13,150$9,664$6,985$4,977$3,506$1,126
29 years$12,560$9,117$6,500$4,564$3,165$967
30 years$12,010$8,610$6,054$4,189$2,860$831
31 years$11,497$8,139$5,644$3,847$2,586$714
32 years$11,016$7,701$5,266$3,535$2,339$614
33 years$10,566$7,293$4,917$3,251$2,117$527
34 years$10,143$6,912$4,594$2,991$1,917$453
35 years$9,745$6,556$4,295$2,754$1,736$390
36 years$9,371$6,223$4,018$2,536$1,573$335
37 years$9,017$5,910$3,761$2,337$1,426$288
38 years$8,682$5,617$3,522$2,154$1,292$248
39 years$8,366$5,341$3,300$1,986$1,172$213
40 years$8,066$5,082$3,093$1,832$1,063$184
41 years$7,782$4,837$2,900$1,690$964$158
42 years$7,512$4,607$2,720$1,560$875$136
43 years$7,255$4,389$2,553$1,440$794$117
44 years$7,010$4,184$2,396$1,329$721$101
45 years$6,777$3,990$2,250$1,228$654$87
46 years$6,555$3,806$2,113$1,134$594$74
47 years$6,343$3,632$1,985$1,048$540$64
48 years$6,140$3,467$1,866$968$490$55
49 years$5,946$3,311$1,754$895$445$47
50 years$5,760$3,163$1,649$827$404$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,900,000, adding $4,633 every year, while hoping to spend $55,707 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: 48/38/14 Blend
63$5,900,000$5,900,000$5,900,000$5,900,000
64$6,506,579$6,193,879$6,102,429$6,793,339
65$7,110,978$6,438,107$6,247,588$7,236,028
66$7,775,159$6,692,436$6,395,744$7,710,305
67$8,505,161$6,957,300$6,546,936$8,224,043
68$9,307,636$7,233,157$6,701,208$8,780,947
69$10,189,914$7,520,481$6,858,598$9,385,091
70$11,160,071$7,819,770$7,019,147$10,040,951
71$12,227,004$8,131,545$7,182,894$10,753,445
72$13,400,515$8,456,347$7,349,877$11,527,982
73$14,691,405$8,794,745$7,520,135$12,370,505
74$16,111,572$9,147,332$7,693,704$13,287,552
75$17,674,129$9,514,727$7,870,619$14,286,309
76$19,393,520$9,897,579$8,050,915$15,374,681
77$21,285,663$10,296,564$8,234,624$16,561,363
78$23,368,095$10,712,391$8,421,779$17,855,919
79$25,660,142$11,145,798$8,612,409$19,268,869
80$28,183,095$11,597,561$8,806,544$20,811,789
81$30,960,416$12,068,487$9,004,208$22,497,417
82$34,017,957$12,559,422$9,205,428$24,339,766
83$37,384,204$13,071,249$9,410,226$26,354,262
84$41,090,546$13,604,893$9,618,621$28,557,878
85$45,171,569$14,161,320$9,830,632$30,969,297
86$49,665,384$14,741,540$10,046,273$33,609,085
87$54,613,987$15,346,609$10,265,558$36,499,878
88$60,063,654$15,977,634$10,488,494$39,666,597
89$66,065,377$16,635,768$10,715,089$43,136,675
90$72,675,346$17,322,220$10,945,344$46,940,317
91$79,955,477$18,038,255$11,179,259$51,110,779
92$87,973,999$18,785,193$11,416,828$55,684,678
93$96,806,098$19,564,418$11,658,042$60,702,332
94$106,534,621$20,377,376$11,902,888$66,208,141
95$117,250,864$21,225,579$12,151,346$72,250,997
96$129,055,430$22,110,610$12,403,394$78,884,742
97$142,059,178$23,034,124$12,659,002$86,168,673
98$156,384,271$23,997,854$12,918,136$94,168,094
99$172,165,329$25,003,610$13,180,755$102,954,931
100$189,550,695$26,053,290$13,446,813$112,608,400