Can I retire at age 64 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$495,474$491,061$486,755$482,552$478,448$475,433
2 years$245,284$240,716$236,289$231,996$227,833$224,791
3 years$161,899$157,311$152,895$148,642$144,546$141,573
4 years$120,214$115,640$111,268$107,088$103,092$100,209
5 years$95,210$90,663$86,349$82,254$78,369$75,585
6 years$78,545$74,033$69,782$65,779$62,010$59,330
7 years$66,647$62,173$57,990$54,081$50,431$47,855
8 years$57,728$53,294$49,180$45,367$41,837$39,365
9 years$50,794$46,402$42,359$38,643$35,233$32,865
10 years$45,250$40,901$36,929$33,310$30,020$27,754
11 years$40,717$36,412$32,512$28,990$25,819$23,653
12 years$36,942$32,681$28,853$25,428$22,374$20,308
13 years$33,751$29,534$25,779$22,449$19,510$17,541
14 years$31,018$26,846$23,162$19,928$17,103$15,228
15 years$28,651$24,524$20,912$17,772$15,059$13,276
16 years$26,582$22,500$18,960$15,913$13,309$11,616
17 years$24,759$20,722$17,253$14,298$11,801$10,195
18 years$23,140$19,148$15,750$12,885$10,492$8,971
19 years$21,693$17,746$14,418$11,643$9,352$7,911
20 years$20,392$16,491$13,232$10,545$8,354$6,991
21 years$19,217$15,360$12,171$9,570$7,475$6,188
22 years$18,150$14,338$11,218$8,701$6,701$5,486
23 years$17,177$13,410$10,357$7,925$6,015$4,870
24 years$16,287$12,565$9,579$7,228$5,406$4,328
25 years$15,469$11,791$8,872$6,601$4,865$3,850
26 years$14,715$11,082$8,228$6,035$4,382$3,428
27 years$14,018$10,429$7,641$5,524$3,951$3,055
28 years$13,373$9,828$7,103$5,061$3,565$2,724
29 years$12,773$9,271$6,610$4,641$3,219$2,431
30 years$12,213$8,756$6,157$4,260$2,909$2,170
31 years$11,691$8,277$5,740$3,912$2,630$1,938
32 years$11,203$7,832$5,355$3,595$2,379$1,732
33 years$10,745$7,417$5,000$3,306$2,153$1,548
34 years$10,315$7,029$4,672$3,042$1,949$1,385
35 years$9,911$6,667$4,368$2,800$1,765$1,238
36 years$9,529$6,328$4,086$2,579$1,599$1,108
37 years$9,170$6,010$3,825$2,376$1,450$992
38 years$8,830$5,712$3,582$2,190$1,314$888
39 years$8,508$5,432$3,356$2,020$1,192$795
40 years$8,203$5,168$3,145$1,863$1,081$712
41 years$7,914$4,919$2,949$1,719$981$638
42 years$7,639$4,685$2,766$1,586$890$571
43 years$7,378$4,464$2,596$1,464$808$512
44 years$7,129$4,255$2,437$1,352$733$458
45 years$6,892$4,057$2,288$1,248$666$411
46 years$6,666$3,871$2,149$1,153$604$368
47 years$6,450$3,694$2,019$1,065$549$330
48 years$6,244$3,526$1,897$985$498$296
49 years$6,047$3,367$1,783$910$453$265
50 years$5,858$3,217$1,677$841$411$238

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,000,000, adding $4,507 every year, while hoping to spend $27,229 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: 44/34/22 Blend
63$6,000,000$6,000,000$6,000,000$6,000,000
64$6,616,649$6,298,649$6,205,649$6,865,415
65$7,262,576$6,578,311$6,384,567$7,321,354
66$7,973,474$6,870,765$6,568,566$7,812,259
67$8,755,943$7,176,607$6,757,787$8,343,833
68$9,617,253$7,496,464$6,952,377$8,919,856
69$10,565,415$7,830,993$7,152,483$9,544,481
70$11,609,256$8,180,880$7,358,260$10,222,268
71$12,758,504$8,546,847$7,569,865$10,958,227
72$14,023,875$8,929,646$7,787,460$11,757,859
73$15,417,180$9,330,069$8,011,210$12,627,212
74$16,951,433$9,748,943$8,241,286$13,572,929
75$18,640,973$10,187,135$8,477,863$14,602,313
76$20,501,602$10,645,554$8,721,121$15,723,390
77$22,550,732$11,125,152$8,971,245$16,944,984
78$24,807,548$11,626,927$9,228,423$18,276,798
79$27,293,194$12,151,922$9,492,851$19,729,500
80$30,030,967$12,701,234$9,764,729$21,314,823
81$33,046,540$13,276,008$10,044,262$23,045,670
82$36,368,203$13,877,448$10,331,660$24,936,237
83$40,027,128$14,506,812$10,627,139$27,002,135
84$44,057,670$15,165,420$10,930,923$29,260,544
85$48,497,681$15,854,654$11,243,238$31,730,364
86$53,388,876$16,575,964$11,564,318$34,432,390
87$58,777,223$17,330,868$11,894,405$37,389,508
88$64,713,376$18,120,957$12,233,743$40,626,903
89$71,253,155$18,947,898$12,582,588$44,172,292
90$78,458,069$19,813,437$12,941,197$48,056,184
91$86,395,903$20,719,407$13,309,838$52,312,159
92$95,141,353$21,667,725$13,688,785$56,977,181
93$104,776,729$22,660,402$14,078,318$62,091,944
94$115,392,740$23,699,546$14,478,726$67,701,247
95$127,089,340$24,787,364$14,890,303$73,854,411
96$139,976,679$25,926,172$15,313,355$80,605,740
97$154,176,140$27,118,394$15,748,193$88,015,026
98$169,821,484$28,366,573$16,195,135$96,148,107
99$187,060,114$29,673,373$16,654,510$105,077,480
100$206,054,464$31,041,587$17,126,655$114,882,980