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

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 $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%13.8%
1 years$495,474$491,061$486,755$482,552$478,448$470,910
2 years$245,284$240,716$236,289$231,996$227,833$220,257
3 years$161,899$157,311$152,895$148,642$144,546$137,170
4 years$120,214$115,640$111,268$107,088$103,092$95,971
5 years$95,210$90,663$86,349$82,254$78,369$71,524
6 years$78,545$74,033$69,782$65,779$62,010$55,450
7 years$66,647$62,173$57,990$54,081$50,431$44,157
8 years$57,728$53,294$49,180$45,367$41,837$35,848
9 years$50,794$46,402$42,359$38,643$35,233$29,526
10 years$45,250$40,901$36,929$33,310$30,020$24,591
11 years$40,717$36,412$32,512$28,990$25,819$20,661
12 years$36,942$32,681$28,853$25,428$22,374$17,481
13 years$33,751$29,534$25,779$22,449$19,510$14,876
14 years$31,018$26,846$23,162$19,928$17,103$12,719
15 years$28,651$24,524$20,912$17,772$15,059$10,918
16 years$26,582$22,500$18,960$15,913$13,309$9,402
17 years$24,759$20,722$17,253$14,298$11,801$8,119
18 years$23,140$19,148$15,750$12,885$10,492$7,028
19 years$21,693$17,746$14,418$11,643$9,352$6,096
20 years$20,392$16,491$13,232$10,545$8,354$5,297
21 years$19,217$15,360$12,171$9,570$7,475$4,609
22 years$18,150$14,338$11,218$8,701$6,701$4,015
23 years$17,177$13,410$10,357$7,925$6,015$3,502
24 years$16,287$12,565$9,579$7,228$5,406$3,058
25 years$15,469$11,791$8,872$6,601$4,865$2,672
26 years$14,715$11,082$8,228$6,035$4,382$2,336
27 years$14,018$10,429$7,641$5,524$3,951$2,044
28 years$13,373$9,828$7,103$5,061$3,565$1,789
29 years$12,773$9,271$6,610$4,641$3,219$1,567
30 years$12,213$8,756$6,157$4,260$2,909$1,373
31 years$11,691$8,277$5,740$3,912$2,630$1,203
32 years$11,203$7,832$5,355$3,595$2,379$1,055
33 years$10,745$7,417$5,000$3,306$2,153$925
34 years$10,315$7,029$4,672$3,042$1,949$812
35 years$9,911$6,667$4,368$2,800$1,765$712
36 years$9,529$6,328$4,086$2,579$1,599$625
37 years$9,170$6,010$3,825$2,376$1,450$549
38 years$8,830$5,712$3,582$2,190$1,314$482
39 years$8,508$5,432$3,356$2,020$1,192$423
40 years$8,203$5,168$3,145$1,863$1,081$371
41 years$7,914$4,919$2,949$1,719$981$326
42 years$7,639$4,685$2,766$1,586$890$286
43 years$7,378$4,464$2,596$1,464$808$251
44 years$7,129$4,255$2,437$1,352$733$221
45 years$6,892$4,057$2,288$1,248$666$194
46 years$6,666$3,871$2,149$1,153$604$170
47 years$6,450$3,694$2,019$1,065$549$150
48 years$6,244$3,526$1,897$985$498$131
49 years$6,047$3,367$1,783$910$453$116
50 years$5,858$3,217$1,677$841$411$101

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 $5,312 every year, while hoping to spend $23,031 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: 57/13/30 Blend
63$6,000,000$6,000,000$6,000,000$6,000,000
64$6,617,479$6,299,479$6,206,479$6,939,674
65$7,267,957$6,583,649$6,389,892$7,446,120
66$7,984,012$6,880,971$6,578,676$7,995,039
67$8,772,309$7,192,066$6,772,989$8,592,929
68$9,640,190$7,517,583$6,972,990$9,244,542
69$10,595,748$7,858,203$7,178,844$9,955,105
70$11,647,899$8,214,640$7,390,720$10,730,368
71$12,806,468$8,587,640$7,608,792$11,576,658
72$14,082,281$8,977,988$7,833,240$12,500,939
73$15,487,269$9,386,504$8,064,248$13,510,872
74$17,034,575$9,814,048$8,302,006$14,614,892
75$18,738,687$10,261,521$8,546,708$15,822,281
76$20,615,565$10,729,868$8,798,555$17,143,255
77$22,682,799$11,220,078$9,057,753$18,589,063
78$24,959,772$11,733,189$9,324,514$20,172,086
79$27,467,840$12,270,286$9,599,057$21,905,956
80$30,230,539$12,832,510$9,881,605$23,805,681
81$33,273,805$13,421,054$10,172,390$25,887,787
82$36,626,215$14,037,168$10,471,648$28,170,469
83$40,319,264$14,682,165$10,779,623$30,673,765
84$44,387,655$15,357,417$11,096,566$33,419,737
85$48,869,631$16,064,365$11,422,736$36,432,684
86$53,807,332$16,804,518$11,758,396$39,739,365
87$59,247,199$17,579,458$12,103,821$43,369,251
88$65,240,405$18,390,843$12,459,291$47,354,799
89$71,843,342$19,240,410$12,825,093$51,731,758
90$79,118,155$20,129,982$13,201,525$56,539,503
91$87,133,322$21,061,466$13,588,892$61,821,405
92$95,964,307$22,036,864$13,987,506$67,625,234
93$105,694,269$23,058,274$14,397,691$74,003,613
94$116,414,848$24,127,893$14,819,777$81,014,507
95$128,227,029$25,248,026$15,254,106$88,721,767
96$141,242,095$26,421,088$15,701,027$97,195,735
97$155,582,679$27,649,611$16,160,902$106,513,898
98$171,383,920$28,936,250$16,634,099$116,761,619
99$188,794,739$30,283,786$17,121,001$128,032,938
100$207,979,246$31,695,135$17,621,999$140,431,460