Can I retire at age 64 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$536,764$531,983$527,318$522,765$518,319$500,926
2 years$265,725$260,776$255,980$251,329$246,819$229,467
3 years$175,390$170,420$165,636$161,029$156,592$139,826
4 years$130,232$125,277$120,540$116,012$111,683$95,631
5 years$103,144$98,218$93,544$89,109$84,899$69,605
6 years$85,091$80,203$75,598$71,261$67,178$52,653
7 years$72,201$67,354$62,822$58,588$54,634$40,876
8 years$62,538$57,735$53,278$49,148$45,324$32,324
9 years$55,027$50,269$45,888$41,863$38,169$25,910
10 years$49,021$44,309$40,007$36,086$32,522$20,985
11 years$44,110$39,446$35,221$31,406$27,970$17,132
12 years$40,021$35,405$31,258$27,547$24,238$14,075
13 years$36,563$31,995$27,927$24,320$21,136$11,621
14 years$33,602$29,083$25,092$21,589$18,528$9,635
15 years$31,039$26,568$22,655$19,253$16,313$8,014
16 years$28,797$24,375$20,540$17,239$14,418$6,684
17 years$26,822$22,449$18,691$15,489$12,784$5,587
18 years$25,068$20,744$17,062$13,959$11,367$4,679
19 years$23,500$19,225$15,620$12,613$10,132$3,924
20 years$22,091$17,865$14,335$11,424$9,050$3,295
21 years$20,818$16,640$13,185$10,368$8,098$2,770
22 years$19,662$15,533$12,152$9,427$7,259$2,331
23 years$18,609$14,528$11,221$8,585$6,516$1,962
24 years$17,644$13,612$10,377$7,830$5,857$1,653
25 years$16,758$12,774$9,611$7,151$5,270$1,394
26 years$15,941$12,005$8,914$6,538$4,747$1,175
27 years$15,187$11,299$8,277$5,985$4,280$992
28 years$14,487$10,647$7,695$5,483$3,862$837
29 years$13,837$10,044$7,161$5,028$3,487$706
30 years$13,231$9,485$6,670$4,615$3,151$596
31 years$12,666$8,967$6,218$4,238$2,849$504
32 years$12,137$8,484$5,802$3,895$2,577$425
33 years$11,641$8,035$5,417$3,582$2,332$359
34 years$11,175$7,615$5,061$3,296$2,111$304
35 years$10,736$7,223$4,732$3,034$1,912$256
36 years$10,324$6,856$4,427$2,794$1,733$217
37 years$9,934$6,511$4,143$2,574$1,570$183
38 years$9,565$6,188$3,880$2,373$1,424$155
39 years$9,217$5,884$3,635$2,188$1,291$131
40 years$8,887$5,598$3,407$2,018$1,171$110
41 years$8,573$5,329$3,195$1,862$1,062$93
42 years$8,275$5,075$2,997$1,718$964$79
43 years$7,992$4,836$2,812$1,586$875$67
44 years$7,723$4,609$2,640$1,465$794$56
45 years$7,466$4,395$2,479$1,353$721$48
46 years$7,221$4,193$2,328$1,249$655$40
47 years$6,988$4,002$2,187$1,154$594$34
48 years$6,764$3,820$2,055$1,067$540$29
49 years$6,551$3,648$1,932$986$490$24
50 years$6,346$3,485$1,816$911$445$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,500,000, adding $5,132 every year, while hoping to spend $33,327 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: 29/49/22 Blend
63$6,500,000$6,500,000$6,500,000$6,500,000
64$7,168,294$6,823,794$6,723,044$7,326,637
65$7,864,000$7,122,700$6,912,806$7,748,242
66$8,629,551$7,435,136$7,107,808$8,197,898
67$9,472,037$7,761,728$7,308,191$8,680,643
68$10,399,267$8,103,136$7,514,098$9,199,344
69$11,419,849$8,460,046$7,725,677$9,757,138
70$12,543,266$8,833,181$7,943,080$10,357,463
71$13,779,967$9,223,295$8,166,461$11,004,080
72$15,141,467$9,631,179$8,395,980$11,701,112
73$16,640,451$10,057,661$8,631,800$12,453,076
74$18,290,900$10,503,610$8,874,089$13,264,925
75$20,108,219$10,969,933$9,123,017$14,142,088
76$22,109,380$11,457,583$9,378,762$15,090,518
77$24,313,089$11,967,557$9,641,503$16,116,746
78$26,739,956$12,500,900$9,911,425$17,227,938
79$29,412,692$13,058,704$10,188,717$18,431,958
80$32,356,322$13,642,116$10,473,575$19,737,436
81$35,598,424$14,252,337$10,766,197$21,153,849
82$39,169,386$14,890,624$11,066,787$22,691,600
83$43,102,694$15,558,295$11,375,555$24,362,115
84$47,435,247$16,256,729$11,692,714$26,177,946
85$52,207,706$16,987,373$12,018,484$28,152,881
86$57,464,880$17,751,742$12,353,091$30,302,068
87$63,256,143$18,551,423$12,696,765$32,642,155
88$69,635,904$19,388,077$13,049,742$35,191,439
89$76,664,122$20,263,449$13,412,264$37,970,032
90$84,406,867$21,179,363$13,784,579$41,000,044
91$92,936,947$22,137,730$14,166,942$44,305,783
92$102,334,593$23,140,557$14,559,612$47,913,980
93$112,688,218$24,189,941$14,962,855$51,854,028
94$124,095,251$25,288,083$15,376,946$56,158,258
95$136,663,056$26,437,288$15,802,163$60,862,229
96$150,509,945$27,639,972$16,238,792$66,005,058
97$165,766,295$28,898,666$16,687,128$71,629,780
98$182,575,779$30,216,023$17,147,469$77,783,741
99$201,096,723$31,594,822$17,620,123$84,519,037
100$221,503,596$33,037,976$18,105,404$91,892,995