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

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$520,248$515,614$511,093$506,680$502,371$484,932
2 years$257,549$252,752$248,103$243,596$239,224$221,835
3 years$169,994$165,176$160,539$156,074$151,774$134,981
4 years$126,225$121,422$116,831$112,443$108,246$92,178
5 years$99,970$95,196$90,666$86,367$82,287$66,986
6 years$82,473$77,735$73,272$69,068$65,111$50,588
7 years$69,980$65,282$60,889$56,785$52,953$39,206
8 years$60,614$55,958$51,639$47,635$43,929$30,948
9 years$53,333$48,722$44,476$40,575$36,995$24,762
10 years$47,512$42,946$38,776$34,976$31,521$20,017
11 years$42,753$38,232$34,137$30,439$27,110$16,310
12 years$38,789$34,315$30,296$26,700$23,493$13,373
13 years$35,438$31,011$27,068$23,572$20,486$11,019
14 years$32,569$28,188$24,320$20,924$17,958$9,116
15 years$30,084$25,750$21,958$18,661$15,812$7,567
16 years$27,911$23,625$19,908$16,709$13,974$6,297
17 years$25,997$21,758$18,116$15,013$12,391$5,252
18 years$24,297$20,106$16,537$13,529$11,017$4,388
19 years$22,777$18,634$15,139$12,225$9,820$3,672
20 years$21,412$17,315$13,894$11,072$8,771$3,077
21 years$20,178$16,128$12,780$10,049$7,849$2,580
22 years$19,057$15,055$11,778$9,136$7,036$2,166
23 years$18,036$14,081$10,875$8,321$6,316$1,819
24 years$17,101$13,193$10,058$7,589$5,677$1,529
25 years$16,242$12,381$9,316$6,931$5,108$1,286
26 years$15,451$11,636$8,640$6,337$4,601$1,082
27 years$14,719$10,951$8,023$5,801$4,148$910
28 years$14,041$10,319$7,458$5,315$3,743$766
29 years$13,411$9,735$6,940$4,874$3,380$645
30 years$12,824$9,193$6,465$4,473$3,054$544
31 years$12,276$8,691$6,027$4,108$2,761$458
32 years$11,763$8,223$5,623$3,775$2,498$386
33 years$11,282$7,788$5,250$3,472$2,260$325
34 years$10,831$7,381$4,906$3,194$2,047$274
35 years$10,406$7,001$4,586$2,940$1,854$231
36 years$10,006$6,645$4,291$2,708$1,679$195
37 years$9,628$6,311$4,016$2,495$1,522$164
38 years$9,271$5,998$3,761$2,300$1,380$138
39 years$8,933$5,703$3,523$2,121$1,251$117
40 years$8,613$5,426$3,302$1,956$1,135$98
41 years$8,309$5,165$3,097$1,805$1,030$83
42 years$8,021$4,919$2,905$1,665$934$70
43 years$7,746$4,687$2,726$1,537$848$59
44 years$7,485$4,468$2,559$1,419$770$50
45 years$7,236$4,260$2,402$1,311$699$42
46 years$6,999$4,064$2,256$1,211$634$35
47 years$6,773$3,878$2,120$1,119$576$30
48 years$6,556$3,702$1,992$1,034$523$25
49 years$6,349$3,536$1,872$955$475$21
50 years$6,151$3,377$1,760$883$432$18

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 $4,562 every year, while hoping to spend $30,615 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: 64/8/28 Blend
63$6,300,000$6,300,000$6,300,000$6,300,000
64$6,947,306$6,613,406$6,515,756$7,339,952
65$7,623,357$6,904,888$6,701,459$7,897,887
66$8,367,339$7,209,628$6,892,358$8,503,500
67$9,186,149$7,528,241$7,088,593$9,164,598
68$10,087,386$7,861,374$7,290,311$9,886,637
69$11,079,423$8,209,705$7,497,660$10,675,624
70$12,171,486$8,573,943$7,710,793$11,538,169
71$13,373,741$8,954,830$7,929,869$12,481,550
72$14,697,390$9,353,144$8,155,047$13,513,779
73$16,154,777$9,769,701$8,386,494$14,643,678
74$17,759,502$10,205,354$8,624,379$15,880,961
75$19,526,552$10,660,998$8,868,877$17,236,324
76$21,472,443$11,137,569$9,120,167$18,721,544
77$23,615,371$11,636,049$9,378,432$20,349,590
78$25,975,389$12,157,465$9,643,859$22,134,748
79$28,574,593$12,702,896$9,916,643$24,092,746
80$31,437,333$13,273,468$10,196,981$26,240,910
81$34,590,437$13,870,365$10,485,077$28,598,320
82$38,063,473$14,494,824$10,781,138$31,185,994
83$41,889,020$15,148,143$11,085,379$34,027,081
84$46,102,980$15,831,682$11,398,019$37,147,078
85$50,744,914$16,546,865$11,719,283$40,574,072
86$55,858,417$17,295,183$12,049,401$44,339,002
87$61,491,530$18,078,201$12,388,610$48,475,949
88$67,697,190$18,897,557$12,737,152$53,022,458
89$74,533,733$19,754,967$13,095,277$58,019,888
90$82,065,444$20,652,230$13,463,239$63,513,802
91$90,363,162$21,591,232$13,841,299$69,554,395
92$99,504,948$22,573,946$14,229,727$76,196,967
93$109,576,826$23,602,443$14,628,796$83,502,442
94$120,673,590$24,678,890$15,038,788$91,537,939
95$132,899,702$25,805,562$15,459,994$100,377,408
96$146,370,276$26,984,838$15,892,707$110,102,322
97$161,212,164$28,219,216$16,337,234$120,802,446
98$177,565,157$29,511,310$16,793,883$132,576,680
99$195,583,300$30,863,860$17,262,975$145,533,992
100$215,436,348$32,279,741$17,744,836$159,794,443