Can I retire at age 64 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$520,248$515,614$511,093$506,680$502,371$491,224
2 years$257,549$252,752$248,103$243,596$239,224$228,052
3 years$169,994$165,176$160,539$156,074$151,774$140,925
4 years$126,225$121,422$116,831$112,443$108,246$97,804
5 years$99,970$95,196$90,666$86,367$82,287$72,282
6 years$82,473$77,735$73,272$69,068$65,111$55,552
7 years$69,980$65,282$60,889$56,785$52,953$43,842
8 years$60,614$55,958$51,639$47,635$43,929$35,264
9 years$53,333$48,722$44,476$40,575$36,995$28,769
10 years$47,512$42,946$38,776$34,976$31,521$23,725
11 years$42,753$38,232$34,137$30,439$27,110$19,733
12 years$38,789$34,315$30,296$26,700$23,493$16,525
13 years$35,438$31,011$27,068$23,572$20,486$13,914
14 years$32,569$28,188$24,320$20,924$17,958$11,768
15 years$30,084$25,750$21,958$18,661$15,812$9,990
16 years$27,911$23,625$19,908$16,709$13,974$8,507
17 years$25,997$21,758$18,116$15,013$12,391$7,263
18 years$24,297$20,106$16,537$13,529$11,017$6,214
19 years$22,777$18,634$15,139$12,225$9,820$5,326
20 years$21,412$17,315$13,894$11,072$8,771$4,573
21 years$20,178$16,128$12,780$10,049$7,849$3,931
22 years$19,057$15,055$11,778$9,136$7,036$3,383
23 years$18,036$14,081$10,875$8,321$6,316$2,914
24 years$17,101$13,193$10,058$7,589$5,677$2,512
25 years$16,242$12,381$9,316$6,931$5,108$2,167
26 years$15,451$11,636$8,640$6,337$4,601$1,871
27 years$14,719$10,951$8,023$5,801$4,148$1,616
28 years$14,041$10,319$7,458$5,315$3,743$1,396
29 years$13,411$9,735$6,940$4,874$3,380$1,207
30 years$12,824$9,193$6,465$4,473$3,054$1,044
31 years$12,276$8,691$6,027$4,108$2,761$903
32 years$11,763$8,223$5,623$3,775$2,498$781
33 years$11,282$7,788$5,250$3,472$2,260$676
34 years$10,831$7,381$4,906$3,194$2,047$585
35 years$10,406$7,001$4,586$2,940$1,854$506
36 years$10,006$6,645$4,291$2,708$1,679$438
37 years$9,628$6,311$4,016$2,495$1,522$380
38 years$9,271$5,998$3,761$2,300$1,380$329
39 years$8,933$5,703$3,523$2,121$1,251$285
40 years$8,613$5,426$3,302$1,956$1,135$247
41 years$8,309$5,165$3,097$1,805$1,030$214
42 years$8,021$4,919$2,905$1,665$934$185
43 years$7,746$4,687$2,726$1,537$848$160
44 years$7,485$4,468$2,559$1,419$770$139
45 years$7,236$4,260$2,402$1,311$699$120
46 years$6,999$4,064$2,256$1,211$634$104
47 years$6,773$3,878$2,120$1,119$576$90
48 years$6,556$3,702$1,992$1,034$523$78
49 years$6,349$3,536$1,872$955$475$68
50 years$6,151$3,377$1,760$883$432$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,300,000, adding $3,728 every year, while hoping to spend $36,631 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: 49/27/24 Blend
63$6,300,000$6,300,000$6,300,000$6,300,000
64$6,946,445$6,612,545$6,514,895$7,239,494
65$7,616,008$6,897,585$6,694,169$7,729,294
66$8,352,638$7,195,364$6,878,221$8,257,139
67$9,163,138$7,506,468$7,067,172$8,829,864
68$10,055,002$7,831,509$7,261,147$9,451,721
69$11,036,489$8,171,130$7,460,273$10,127,383
70$12,116,699$8,526,003$7,664,679$10,861,984
71$13,305,655$8,896,830$7,874,499$11,661,173
72$14,614,407$9,284,350$8,089,870$12,531,155
73$16,055,126$9,689,332$8,310,930$13,478,758
74$17,641,225$10,112,585$8,537,822$14,511,488
75$19,387,482$10,554,955$8,770,692$15,637,602
76$21,310,184$11,017,327$9,009,689$16,866,180
77$23,427,275$11,500,627$9,254,965$18,207,213
78$25,758,528$12,005,829$9,506,677$19,671,693
79$28,325,731$12,533,948$9,764,984$21,271,712
80$31,152,893$13,086,049$10,030,049$23,020,576
81$34,266,472$13,663,249$10,302,039$24,932,930
82$37,695,618$14,266,714$10,581,124$27,024,888
83$41,472,458$14,897,670$10,867,478$29,314,187
84$45,632,389$15,557,396$11,161,279$31,820,349
85$50,214,421$16,247,237$11,462,710$34,564,862
86$55,261,537$16,968,596$11,771,955$37,571,382
87$60,821,103$17,722,947$12,089,206$40,865,951
88$66,945,317$18,511,833$12,414,655$44,477,237
89$73,691,695$19,336,868$12,748,502$48,436,807
90$81,123,619$20,199,746$13,090,948$52,779,414
91$89,310,934$21,102,239$13,442,200$57,543,328
92$98,330,605$22,046,204$13,802,470$62,770,687
93$108,267,446$23,033,588$14,171,972$68,507,892
94$119,214,918$24,066,427$14,550,926$74,806,044
95$131,276,016$25,146,857$14,939,558$81,721,417
96$144,564,232$26,277,116$15,338,096$89,315,986
97$159,204,635$27,459,546$15,746,773$97,658,008
98$175,335,047$28,696,604$16,165,830$106,822,658
99$193,107,345$29,990,860$16,595,508$116,892,737
100$212,688,893$31,345,011$17,036,056$127,959,442