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%16.2%
1 years$503,732$499,245$494,868$490,595$486,423$474,086
2 years$249,372$244,728$240,227$235,863$231,630$219,281
3 years$164,597$159,933$155,443$151,120$146,955$134,981
4 years$122,217$117,567$113,123$108,873$104,810$93,302
5 years$96,796$92,174$87,788$83,625$79,675$68,665
6 years$79,855$75,267$70,946$66,876$63,044$52,543
7 years$67,758$63,209$58,956$54,982$51,272$41,280
8 years$58,690$54,182$49,999$46,123$42,535$33,049
9 years$51,640$47,175$43,064$39,287$35,820$26,831
10 years$46,004$41,583$37,545$33,866$30,521$22,018
11 years$41,396$37,019$33,054$29,473$26,249$18,220
12 years$37,558$33,226$29,334$25,852$22,747$15,178
13 years$34,313$30,026$26,208$22,823$19,836$12,712
14 years$31,535$27,293$23,548$20,260$17,388$10,693
15 years$29,129$24,933$21,261$18,068$15,310$9,027
16 years$27,025$22,875$19,276$16,178$13,531$7,643
17 years$25,171$21,067$17,540$14,536$11,997$6,488
18 years$23,525$19,467$16,012$13,100$10,667$5,518
19 years$22,054$18,042$14,658$11,837$9,508$4,702
20 years$20,732$16,766$13,453$10,721$8,493$4,012
21 years$19,537$15,616$12,374$9,730$7,600$3,428
22 years$18,452$14,577$11,405$8,846$6,812$2,932
23 years$17,463$13,634$10,530$8,057$6,115$2,510
24 years$16,558$12,774$9,739$7,348$5,496$2,150
25 years$15,727$11,988$9,020$6,711$4,946$1,843
26 years$14,960$11,267$8,365$6,136$4,455$1,581
27 years$14,252$10,603$7,768$5,616$4,017$1,356
28 years$13,596$9,991$7,221$5,146$3,624$1,164
29 years$12,985$9,426$6,720$4,719$3,273$1,000
30 years$12,417$8,902$6,260$4,331$2,957$859
31 years$11,886$8,415$5,836$3,977$2,673$738
32 years$11,390$7,962$5,445$3,655$2,418$634
33 years$10,924$7,540$5,084$3,361$2,189$545
34 years$10,487$7,147$4,750$3,093$1,982$469
35 years$10,076$6,778$4,441$2,847$1,795$403
36 years$9,688$6,434$4,154$2,622$1,626$347
37 years$9,322$6,111$3,888$2,416$1,474$298
38 years$8,977$5,807$3,641$2,227$1,336$256
39 years$8,650$5,522$3,412$2,053$1,212$221
40 years$8,340$5,254$3,198$1,894$1,099$190
41 years$8,046$5,001$2,998$1,747$997$163
42 years$7,766$4,763$2,813$1,613$905$140
43 years$7,501$4,538$2,639$1,489$821$121
44 years$7,248$4,326$2,477$1,374$745$104
45 years$7,007$4,125$2,326$1,269$677$89
46 years$6,777$3,935$2,185$1,172$614$77
47 years$6,558$3,755$2,053$1,083$558$66
48 years$6,348$3,585$1,929$1,001$507$57
49 years$6,148$3,423$1,813$925$460$49
50 years$5,956$3,270$1,704$855$418$42

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 $2,055 every year, while hoping to spend $58,759 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: 44/36/20 Blend
63$6,100,000$6,100,000$6,100,000$6,100,000
64$6,724,320$6,401,020$6,306,470$6,981,170
65$7,347,681$6,652,151$6,455,217$7,413,483
66$8,032,656$6,913,617$6,606,979$7,875,859
67$8,785,467$7,185,865$6,761,793$8,375,834
68$9,612,970$7,469,357$6,919,697$8,916,916
69$10,522,716$7,764,579$7,080,731$9,502,956
70$11,523,027$8,072,037$7,244,929$10,138,190
71$12,623,070$8,392,261$7,412,328$10,827,269
72$13,832,945$8,725,804$7,582,963$11,575,307
73$15,163,781$9,073,244$7,756,868$12,387,925
74$16,627,838$9,435,184$7,934,074$13,271,303
75$18,238,625$9,812,256$8,114,614$14,232,237
76$20,011,027$10,205,119$8,298,516$15,278,198
77$21,961,445$10,614,462$8,485,808$16,417,406
78$24,107,947$11,041,006$8,676,518$17,658,900
79$26,470,445$11,485,503$8,870,669$19,012,623
80$29,070,879$11,948,740$9,068,284$20,489,515
81$31,933,420$12,431,540$9,269,384$22,101,613
82$35,084,706$12,934,763$9,473,985$23,862,161
83$38,554,087$13,459,307$9,682,104$25,785,732
84$42,373,902$14,006,112$9,893,754$27,888,366
85$46,579,789$14,576,160$10,108,943$30,187,715
86$51,211,014$15,170,479$10,327,680$32,703,208
87$56,310,847$15,790,142$10,549,967$35,456,233
88$61,926,967$16,436,272$10,775,804$38,470,332
89$68,111,912$17,110,044$11,005,188$41,771,423
90$74,923,576$17,812,685$11,238,110$45,388,040
91$82,425,754$18,545,479$11,474,559$49,351,598
92$90,688,742$19,309,769$11,714,519$53,696,688
93$99,790,006$20,106,960$11,957,967$58,461,395
94$109,814,905$20,938,520$12,204,878$63,687,660
95$120,857,504$21,805,985$12,455,219$69,421,665
96$133,021,453$22,710,963$12,708,954$75,714,270
97$146,420,975$23,655,134$12,966,037$82,621,482
98$161,181,935$24,640,256$13,226,420$90,204,987
99$177,443,033$25,668,169$13,490,046$98,532,720
100$195,357,110$26,740,797$13,756,850$107,679,504