Can I retire at age 64 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$503,732$499,245$494,868$490,595$486,423$474,278
2 years$249,372$244,728$240,227$235,863$231,630$219,472
3 years$164,597$159,933$155,443$151,120$146,955$135,164
4 years$122,217$117,567$113,123$108,873$104,810$93,475
5 years$96,796$92,174$87,788$83,625$79,675$68,828
6 years$79,855$75,267$70,946$66,876$63,044$52,697
7 years$67,758$63,209$58,956$54,982$51,272$41,425
8 years$58,690$54,182$49,999$46,123$42,535$33,184
9 years$51,640$47,175$43,064$39,287$35,820$26,957
10 years$46,004$41,583$37,545$33,866$30,521$22,135
11 years$41,396$37,019$33,054$29,473$26,249$18,329
12 years$37,558$33,226$29,334$25,852$22,747$15,279
13 years$34,313$30,026$26,208$22,823$19,836$12,805
14 years$31,535$27,293$23,548$20,260$17,388$10,778
15 years$29,129$24,933$21,261$18,068$15,310$9,105
16 years$27,025$22,875$19,276$16,178$13,531$7,715
17 years$25,171$21,067$17,540$14,536$11,997$6,553
18 years$23,525$19,467$16,012$13,100$10,667$5,578
19 years$22,054$18,042$14,658$11,837$9,508$4,757
20 years$20,732$16,766$13,453$10,721$8,493$4,062
21 years$19,537$15,616$12,374$9,730$7,600$3,473
22 years$18,452$14,577$11,405$8,846$6,812$2,973
23 years$17,463$13,634$10,530$8,057$6,115$2,547
24 years$16,558$12,774$9,739$7,348$5,496$2,183
25 years$15,727$11,988$9,020$6,711$4,946$1,873
26 years$14,960$11,267$8,365$6,136$4,455$1,608
27 years$14,252$10,603$7,768$5,616$4,017$1,381
28 years$13,596$9,991$7,221$5,146$3,624$1,186
29 years$12,985$9,426$6,720$4,719$3,273$1,020
30 years$12,417$8,902$6,260$4,331$2,957$877
31 years$11,886$8,415$5,836$3,977$2,673$754
32 years$11,390$7,962$5,445$3,655$2,418$648
33 years$10,924$7,540$5,084$3,361$2,189$558
34 years$10,487$7,147$4,750$3,093$1,982$480
35 years$10,076$6,778$4,441$2,847$1,795$413
36 years$9,688$6,434$4,154$2,622$1,626$356
37 years$9,322$6,111$3,888$2,416$1,474$306
38 years$8,977$5,807$3,641$2,227$1,336$263
39 years$8,650$5,522$3,412$2,053$1,212$227
40 years$8,340$5,254$3,198$1,894$1,099$195
41 years$8,046$5,001$2,998$1,747$997$168
42 years$7,766$4,763$2,813$1,613$905$145
43 years$7,501$4,538$2,639$1,489$821$125
44 years$7,248$4,326$2,477$1,374$745$107
45 years$7,007$4,125$2,326$1,269$677$92
46 years$6,777$3,935$2,185$1,172$614$80
47 years$6,558$3,755$2,053$1,083$558$69
48 years$6,348$3,585$1,929$1,001$507$59
49 years$6,148$3,423$1,813$925$460$51
50 years$5,956$3,270$1,704$855$418$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,100,000, adding $4,294 every year, while hoping to spend $56,482 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: 79/9/12 Blend
63$6,100,000$6,100,000$6,100,000$6,100,000
64$6,726,629$6,403,329$6,308,779$7,242,628
65$7,352,649$6,656,996$6,460,027$7,836,078
66$8,040,630$6,921,199$6,614,448$8,479,283
67$8,796,832$7,196,396$6,772,090$9,183,324
68$9,628,152$7,483,063$6,932,999$9,954,254
69$10,542,190$7,781,699$7,097,221$10,798,743
70$11,547,317$8,092,826$7,264,801$11,724,133
71$12,652,755$8,416,986$7,435,784$12,738,512
72$13,868,669$8,754,751$7,610,215$13,850,786
73$15,206,253$9,106,714$7,788,137$15,070,765
74$16,677,845$9,473,497$7,969,594$16,409,251
75$18,297,036$9,855,750$8,154,627$17,878,146
76$20,078,804$10,254,152$8,343,277$19,490,557
77$22,039,650$10,669,413$8,535,584$21,260,922
78$24,197,755$11,102,275$8,731,587$23,205,144
79$26,573,154$11,553,514$8,931,323$25,340,744
80$29,187,921$12,023,942$9,134,828$27,687,020
81$32,066,380$12,514,406$9,342,136$30,265,232
82$35,235,333$13,025,794$9,553,279$33,098,802
83$38,724,311$13,559,032$9,768,288$36,213,530
84$42,565,857$14,115,091$9,987,192$39,637,844
85$46,795,828$14,694,984$10,210,017$43,403,058
86$51,453,736$15,299,772$10,436,786$47,543,675
87$56,583,120$15,930,564$10,667,521$52,097,706
88$62,231,956$16,588,519$10,902,241$57,107,031
89$68,453,110$17,274,851$11,140,960$62,617,789
90$75,304,836$17,990,828$11,383,692$68,680,819
91$82,851,329$18,737,777$11,630,444$75,352,132
92$91,163,323$19,517,087$11,881,223$82,693,442
93$100,318,768$20,330,210$12,136,030$90,772,746
94$110,403,556$21,178,664$12,394,861$99,664,965
95$121,512,340$22,064,040$12,657,710$109,452,651
96$133,749,419$22,987,999$12,924,564$120,226,761
97$147,229,730$23,952,280$13,195,406$132,087,519
98$162,079,925$24,958,705$13,470,215$145,145,354
99$178,439,572$26,009,176$13,748,962$159,521,950
100$196,462,469$27,105,687$14,031,613$175,351,383