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

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$503,732$499,245$494,868$490,595$486,423$467,308
2 years$249,372$244,728$240,227$235,863$231,630$212,606
3 years$164,597$159,933$155,443$151,120$146,955$128,621
4 years$122,217$117,567$113,123$108,873$104,810$87,305
5 years$96,796$92,174$87,788$83,625$79,675$63,044
6 years$79,855$75,267$70,946$66,876$63,044$47,298
7 years$67,758$63,209$58,956$54,982$51,272$36,405
8 years$58,690$54,182$49,999$46,123$42,535$28,533
9 years$51,640$47,175$43,064$39,287$35,820$22,662
10 years$46,004$41,583$37,545$33,866$30,521$18,181
11 years$41,396$37,019$33,054$29,473$26,249$14,698
12 years$37,558$33,226$29,334$25,852$22,747$11,955
13 years$34,313$30,026$26,208$22,823$19,836$9,771
14 years$31,535$27,293$23,548$20,260$17,388$8,016
15 years$29,129$24,933$21,261$18,068$15,310$6,597
16 years$27,025$22,875$19,276$16,178$13,531$5,442
17 years$25,171$21,067$17,540$14,536$11,997$4,499
18 years$23,525$19,467$16,012$13,100$10,667$3,726
19 years$22,054$18,042$14,658$11,837$9,508$3,089
20 years$20,732$16,766$13,453$10,721$8,493$2,565
21 years$19,537$15,616$12,374$9,730$7,600$2,131
22 years$18,452$14,577$11,405$8,846$6,812$1,772
23 years$17,463$13,634$10,530$8,057$6,115$1,474
24 years$16,558$12,774$9,739$7,348$5,496$1,228
25 years$15,727$11,988$9,020$6,711$4,946$1,022
26 years$14,960$11,267$8,365$6,136$4,455$852
27 years$14,252$10,603$7,768$5,616$4,017$710
28 years$13,596$9,991$7,221$5,146$3,624$592
29 years$12,985$9,426$6,720$4,719$3,273$494
30 years$12,417$8,902$6,260$4,331$2,957$412
31 years$11,886$8,415$5,836$3,977$2,673$343
32 years$11,390$7,962$5,445$3,655$2,418$286
33 years$10,924$7,540$5,084$3,361$2,189$239
34 years$10,487$7,147$4,750$3,093$1,982$199
35 years$10,076$6,778$4,441$2,847$1,795$166
36 years$9,688$6,434$4,154$2,622$1,626$139
37 years$9,322$6,111$3,888$2,416$1,474$116
38 years$8,977$5,807$3,641$2,227$1,336$97
39 years$8,650$5,522$3,412$2,053$1,212$81
40 years$8,340$5,254$3,198$1,894$1,099$67
41 years$8,046$5,001$2,998$1,747$997$56
42 years$7,766$4,763$2,813$1,613$905$47
43 years$7,501$4,538$2,639$1,489$821$39
44 years$7,248$4,326$2,477$1,374$745$33
45 years$7,007$4,125$2,326$1,269$677$27
46 years$6,777$3,935$2,185$1,172$614$23
47 years$6,558$3,755$2,053$1,083$558$19
48 years$6,348$3,585$1,929$1,001$507$16
49 years$6,148$3,423$1,813$925$460$13
50 years$5,956$3,270$1,704$855$418$11

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 $6,874 every year, while hoping to spend $51,412 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: 36/36/28 Blend
63$6,100,000$6,100,000$6,100,000$6,100,000
64$6,729,291$6,405,991$6,311,441$6,914,755
65$7,360,976$6,665,182$6,468,172$7,312,532
66$8,055,371$6,935,351$6,628,430$7,736,524
67$8,818,816$7,216,981$6,792,280$8,193,281
68$9,658,299$7,510,577$6,959,786$8,685,784
69$10,581,519$7,816,668$7,131,012$9,217,306
70$11,596,956$8,135,807$7,306,023$9,791,439
71$12,713,956$8,468,572$7,484,885$10,412,128
72$13,942,814$8,815,567$7,667,663$11,083,704
73$15,294,875$9,177,423$7,854,424$11,810,927
74$16,782,637$9,554,802$8,045,232$12,599,022
75$18,419,874$9,948,395$8,240,155$13,453,735
76$20,221,759$10,358,924$8,439,258$14,381,377
77$22,205,012$10,787,146$8,642,607$15,388,887
78$24,388,058$11,233,850$8,850,269$16,483,890
79$26,791,195$11,699,864$9,062,308$17,674,773
80$29,436,792$12,186,052$9,278,791$18,970,754
81$32,349,497$12,693,321$9,499,782$20,381,972
82$35,556,467$13,222,615$9,725,346$21,919,578
83$39,087,628$13,774,925$9,955,547$23,595,836
84$42,975,957$14,351,287$10,190,448$25,424,239
85$47,257,789$14,952,784$10,430,113$27,419,629
86$51,973,164$15,580,551$10,674,602$29,598,337
87$57,166,202$16,235,773$10,923,976$31,978,331
88$62,885,521$16,919,692$11,178,296$34,579,387
89$69,184,694$17,633,607$11,437,619$37,423,265
90$76,122,755$18,378,876$11,702,001$40,533,914
91$83,764,757$19,156,922$11,971,500$43,937,697
92$92,182,384$19,969,233$12,246,167$47,663,628
93$101,454,628$20,817,367$12,526,054$51,743,649
94$111,668,535$21,702,952$12,811,211$56,212,923
95$122,920,024$22,627,696$13,101,686$61,110,162
96$135,314,796$23,593,383$13,397,522$66,477,985
97$148,969,329$24,601,882$13,698,762$72,363,321
98$164,011,975$25,655,148$14,005,445$78,817,839
99$180,584,175$26,755,230$14,317,607$85,898,437
100$198,841,794$27,904,269$14,635,280$93,667,766