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%12.3%
1 years$503,732$499,245$494,868$490,595$486,423$481,744
2 years$249,372$244,728$240,227$235,863$231,630$226,917
3 years$164,597$159,933$155,443$151,120$146,955$142,354
4 years$122,217$117,567$113,123$108,873$104,810$100,355
5 years$96,796$92,174$87,788$83,625$79,675$75,381
6 years$79,855$75,267$70,946$66,876$63,044$58,915
7 years$67,758$63,209$58,956$54,982$51,272$47,310
8 years$58,690$54,182$49,999$46,123$42,535$38,741
9 years$51,640$47,175$43,064$39,287$35,820$32,192
10 years$46,004$41,583$37,545$33,866$30,521$27,056
11 years$41,396$37,019$33,054$29,473$26,249$22,945
12 years$37,558$33,226$29,334$25,852$22,747$19,601
13 years$34,313$30,026$26,208$22,823$19,836$16,844
14 years$31,535$27,293$23,548$20,260$17,388$14,546
15 years$29,129$24,933$21,261$18,068$15,310$12,614
16 years$27,025$22,875$19,276$16,178$13,531$10,976
17 years$25,171$21,067$17,540$14,536$11,997$9,580
18 years$23,525$19,467$16,012$13,100$10,667$8,382
19 years$22,054$18,042$14,658$11,837$9,508$7,350
20 years$20,732$16,766$13,453$10,721$8,493$6,457
21 years$19,537$15,616$12,374$9,730$7,600$5,682
22 years$18,452$14,577$11,405$8,846$6,812$5,007
23 years$17,463$13,634$10,530$8,057$6,115$4,418
24 years$16,558$12,774$9,739$7,348$5,496$3,902
25 years$15,727$11,988$9,020$6,711$4,946$3,450
26 years$14,960$11,267$8,365$6,136$4,455$3,053
27 years$14,252$10,603$7,768$5,616$4,017$2,703
28 years$13,596$9,991$7,221$5,146$3,624$2,395
29 years$12,985$9,426$6,720$4,719$3,273$2,123
30 years$12,417$8,902$6,260$4,331$2,957$1,883
31 years$11,886$8,415$5,836$3,977$2,673$1,671
32 years$11,390$7,962$5,445$3,655$2,418$1,484
33 years$10,924$7,540$5,084$3,361$2,189$1,317
34 years$10,487$7,147$4,750$3,093$1,982$1,170
35 years$10,076$6,778$4,441$2,847$1,795$1,040
36 years$9,688$6,434$4,154$2,622$1,626$924
37 years$9,322$6,111$3,888$2,416$1,474$822
38 years$8,977$5,807$3,641$2,227$1,336$730
39 years$8,650$5,522$3,412$2,053$1,212$650
40 years$8,340$5,254$3,198$1,894$1,099$578
41 years$8,046$5,001$2,998$1,747$997$514
42 years$7,766$4,763$2,813$1,613$905$457
43 years$7,501$4,538$2,639$1,489$821$407
44 years$7,248$4,326$2,477$1,374$745$362
45 years$7,007$4,125$2,326$1,269$677$322
46 years$6,777$3,935$2,185$1,172$614$287
47 years$6,558$3,755$2,053$1,083$558$255
48 years$6,348$3,585$1,929$1,001$507$227
49 years$6,148$3,423$1,813$925$460$202
50 years$5,956$3,270$1,704$855$418$180

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 $2,980 every year, while hoping to spend $59,103 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: 30/46/24 Blend
63$6,100,000$6,100,000$6,100,000$6,100,000
64$6,725,274$6,401,974$6,307,424$6,876,889
65$7,348,367$6,652,785$6,455,837$7,244,758
66$8,033,034$6,913,906$6,607,242$7,634,786
67$8,785,494$7,185,778$6,761,675$8,053,169
68$9,612,598$7,468,864$6,919,174$8,502,405
69$10,521,892$7,763,648$7,079,776$8,985,231
70$11,521,691$8,070,633$7,243,515$9,504,648
71$12,621,157$8,390,347$7,410,426$10,063,949
72$13,830,382$8,723,342$7,580,543$10,666,744
73$15,160,488$9,070,191$7,753,897$11,316,995
74$16,623,725$9,431,498$7,930,520$12,019,051
75$18,233,593$9,807,890$8,110,441$12,777,686
76$20,004,968$10,200,025$8,293,688$13,598,140
77$21,954,236$10,608,587$8,480,288$14,486,171
78$24,099,455$11,034,295$8,670,265$15,448,099
79$26,460,522$11,477,899$8,863,642$16,490,871
80$29,059,360$11,940,181$9,060,439$17,622,117
81$31,920,126$12,421,960$9,260,674$18,850,223
82$35,069,436$12,924,093$9,464,364$20,184,406
83$38,536,619$13,447,475$9,671,521$21,634,798
84$42,353,993$13,993,040$9,882,156$23,212,537
85$46,557,169$14,561,767$10,096,276$24,929,869
86$51,185,385$15,154,678$10,313,887$26,800,262
87$56,281,879$15,772,843$10,534,987$28,838,527
88$61,894,297$16,417,379$10,759,576$31,060,953
89$68,075,140$17,089,454$10,987,645$33,485,461
90$74,882,258$17,790,292$11,219,186$36,131,762
91$82,379,401$18,521,169$11,454,181$39,021,547
92$90,636,816$19,283,422$11,692,612$42,178,678
93$99,731,911$20,078,450$11,934,455$45,629,416
94$109,749,985$20,907,713$12,179,678$49,402,657
95$120,785,034$21,772,741$12,428,247$53,530,208
96$132,940,634$22,675,132$12,680,120$58,047,071
97$146,330,925$23,616,560$12,935,251$62,991,778
98$161,081,682$24,598,773$13,193,584$68,406,739
99$177,331,503$25,623,603$13,455,059$74,338,645
100$195,233,120$26,692,963$13,719,607$80,838,895