Can I retire at age 64 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$528,506$523,798$519,205$514,722$510,345$500,245
2 years$261,637$256,764$252,041$247,463$243,021$232,889
3 years$172,692$167,798$163,088$158,552$154,183$144,333
4 years$128,228$123,349$118,686$114,228$109,964$100,474
5 years$101,557$96,707$92,105$87,738$83,593$74,489
6 years$83,782$78,969$74,435$70,165$66,144$57,436
7 years$71,090$66,318$61,856$57,686$53,793$45,482
8 years$61,576$56,847$52,458$48,392$44,627$36,711
9 years$54,180$49,495$45,182$41,219$37,582$30,057
10 years$48,267$43,628$39,391$35,531$32,022$24,880
11 years$43,432$38,839$34,679$30,923$27,540$20,772
12 years$39,405$34,860$30,777$27,123$23,865$17,463
13 years$36,001$31,503$27,497$23,946$20,811$14,763
14 years$33,086$28,636$24,706$21,256$18,243$12,537
15 years$30,561$26,159$22,306$18,957$16,062$10,688
16 years$28,354$24,000$20,224$16,974$14,196$9,140
17 years$26,409$22,104$18,403$15,251$12,587$7,837
18 years$24,682$20,425$16,800$13,744$11,192$6,734
19 years$23,139$18,929$15,379$12,419$9,976$5,798
20 years$21,752$17,590$14,114$11,248$8,910$5,000
21 years$20,498$16,384$12,982$10,208$7,974$4,318
22 years$19,360$15,294$11,965$9,282$7,147$3,733
23 years$18,322$14,304$11,048$8,453$6,416$3,231
24 years$17,373$13,402$10,217$7,709$5,767$2,799
25 years$16,500$12,577$9,463$7,041$5,189$2,426
26 years$15,696$11,821$8,777$6,438$4,674$2,104
27 years$14,953$11,125$8,150$5,893$4,214$1,826
28 years$14,264$10,483$7,577$5,399$3,803$1,586
29 years$13,624$9,889$7,051$4,951$3,434$1,378
30 years$13,028$9,339$6,567$4,544$3,103$1,197
31 years$12,471$8,829$6,123$4,173$2,805$1,041
32 years$11,950$8,354$5,712$3,835$2,537$905
33 years$11,461$7,911$5,334$3,527$2,296$787
34 years$11,003$7,498$4,984$3,245$2,079$685
35 years$10,571$7,112$4,659$2,987$1,883$596
36 years$10,165$6,750$4,359$2,751$1,706$518
37 years$9,781$6,411$4,080$2,535$1,546$451
38 years$9,418$6,093$3,820$2,336$1,402$393
39 years$9,075$5,794$3,579$2,154$1,271$342
40 years$8,750$5,512$3,355$1,987$1,153$298
41 years$8,441$5,247$3,146$1,833$1,046$259
42 years$8,148$4,997$2,951$1,692$949$226
43 years$7,869$4,761$2,769$1,562$861$196
44 years$7,604$4,538$2,599$1,442$782$171
45 years$7,351$4,328$2,441$1,332$710$149
46 years$7,110$4,129$2,292$1,230$645$130
47 years$6,880$3,940$2,153$1,137$585$113
48 years$6,660$3,761$2,024$1,050$532$98
49 years$6,450$3,592$1,902$971$483$86
50 years$6,249$3,431$1,788$897$438$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,400,000, adding $6,680 every year, while hoping to spend $44,917 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: 57/29/14 Blend
63$6,400,000$6,400,000$6,400,000$6,400,000
64$7,059,690$6,720,490$6,621,290$7,436,418
65$7,731,988$7,002,003$6,795,312$7,973,746
66$8,471,353$7,295,804$6,973,659$8,553,469
67$9,284,582$7,602,449$7,156,426$9,184,139
68$10,179,158$7,922,518$7,343,715$9,870,648
69$11,163,328$8,256,618$7,535,626$10,618,377
70$12,246,180$8,605,384$7,732,262$11,433,240
71$13,437,725$8,969,482$7,933,727$12,321,744
72$14,748,993$9,349,608$8,140,128$13,291,046
73$16,192,141$9,746,489$8,351,572$14,349,019
74$17,780,561$10,160,888$8,568,171$15,504,321
75$19,529,009$10,593,602$8,790,036$16,766,482
76$21,453,746$11,045,467$9,017,280$18,145,986
77$23,572,688$11,517,355$9,250,019$19,654,370
78$25,905,579$12,010,182$9,488,371$21,304,331
79$28,474,171$12,524,905$9,732,455$23,109,840
80$31,302,436$13,062,524$9,982,392$25,086,278
81$34,416,787$13,624,090$10,238,305$27,250,573
82$37,846,329$14,210,700$10,500,317$29,621,359
83$41,623,134$14,823,504$10,768,557$32,219,150
84$45,782,542$15,463,704$11,043,152$35,066,530
85$50,363,495$16,132,559$11,324,232$38,188,361
86$55,408,907$16,831,390$11,611,929$41,612,020
87$60,966,063$17,561,576$11,906,376$45,367,648
88$67,087,071$18,324,562$12,207,709$49,488,435
89$73,829,349$19,121,863$12,516,064$54,010,929
90$81,256,170$19,955,062$12,831,580$58,975,376
91$89,437,259$20,825,819$13,154,397$64,426,099
92$98,449,447$21,735,872$13,484,657$70,411,906
93$108,377,400$22,687,039$13,822,503$76,986,556
94$119,314,417$23,681,226$14,168,078$84,209,253
95$131,363,308$24,720,427$14,521,530$92,145,206
96$144,637,370$25,806,733$14,883,006$100,866,235
97$159,261,449$26,942,329$15,252,653$110,451,452
98$175,373,122$28,129,509$15,630,623$120,987,991
99$193,123,996$29,370,671$16,017,065$132,571,837
100$212,681,139$30,668,329$16,412,131$145,308,716