Can I retire at age 64 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$545,022$540,167$535,431$530,807$526,293$517,362
2 years$269,813$264,788$259,918$255,196$250,616$241,645
3 years$178,088$173,042$168,184$163,506$159,001$150,270
4 years$132,235$127,204$122,395$117,797$113,401$104,977
5 years$104,731$99,729$94,983$90,480$86,206$78,113
6 years$86,400$81,437$76,761$72,357$68,211$60,460
7 years$73,312$68,390$63,789$59,489$55,474$48,066
8 years$63,500$58,623$54,098$49,904$46,021$38,954
9 years$55,873$51,042$46,594$42,507$38,757$32,027
10 years$49,775$44,991$40,622$36,641$33,022$26,625
11 years$44,789$40,053$35,763$31,889$28,400$22,327
12 years$40,637$35,949$31,739$27,971$24,611$18,855
13 years$37,126$32,488$28,356$24,694$21,461$16,014
14 years$34,119$29,530$25,478$21,921$18,813$13,664
15 years$31,516$26,977$23,004$19,549$16,564$11,705
16 years$29,240$24,750$20,856$17,504$14,640$10,059
17 years$27,235$22,794$18,978$15,728$12,981$8,668
18 years$25,454$21,063$17,325$14,174$11,542$7,487
19 years$23,862$19,521$15,860$12,807$10,287$6,480
20 years$22,431$18,140$14,555$11,599$9,189$5,617
21 years$21,139$16,896$13,388$10,527$8,223$4,877
22 years$19,965$15,772$12,339$9,572$7,371$4,239
23 years$18,895$14,751$11,393$8,717$6,616$3,689
24 years$17,915$13,821$10,537$7,950$5,947$3,213
25 years$17,016$12,970$9,759$7,261$5,351$2,800
26 years$16,187$12,190$9,051$6,639$4,820$2,443
27 years$15,420$11,472$8,405$6,077$4,346$2,132
28 years$14,710$10,810$7,813$5,568$3,921$1,862
29 years$14,050$10,198$7,271$5,106$3,541$1,627
30 years$13,435$9,631$6,773$4,686$3,199$1,422
31 years$12,861$9,105$6,314$4,303$2,893$1,243
32 years$12,323$8,615$5,891$3,955$2,617$1,087
33 years$11,820$8,158$5,500$3,637$2,368$951
34 years$11,347$7,732$5,139$3,346$2,144$832
35 years$10,902$7,334$4,805$3,080$1,942$728
36 years$10,482$6,961$4,495$2,837$1,759$638
37 years$10,087$6,611$4,207$2,614$1,595$558
38 years$9,713$6,283$3,940$2,409$1,446$489
39 years$9,359$5,975$3,691$2,221$1,311$428
40 years$9,023$5,684$3,460$2,049$1,189$375
41 years$8,705$5,411$3,244$1,890$1,079$328
42 years$8,403$5,153$3,043$1,745$979$288
43 years$8,115$4,910$2,856$1,611$888$252
44 years$7,842$4,680$2,680$1,487$806$221
45 years$7,581$4,463$2,517$1,373$732$193
46 years$7,332$4,258$2,364$1,269$665$169
47 years$7,095$4,063$2,221$1,172$604$148
48 years$6,868$3,879$2,087$1,083$548$130
49 years$6,651$3,704$1,962$1,001$498$114
50 years$6,444$3,538$1,844$925$452$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,600,000, adding $5,456 every year, while hoping to spend $56,220 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: 56/33/11 Blend
63$6,600,000$6,600,000$6,600,000$6,600,000
64$7,278,828$6,929,028$6,826,728$7,666,195
65$7,961,451$7,208,733$6,995,606$8,208,517
66$8,711,817$7,500,259$7,168,256$8,792,274
67$9,536,777$7,804,126$7,344,748$9,426,776
68$10,443,877$8,120,878$7,525,146$10,116,879
69$11,441,435$8,451,082$7,709,520$10,867,919
70$12,538,609$8,795,334$7,897,938$11,685,761
71$13,745,496$9,154,253$8,090,467$12,576,859
72$15,073,215$9,528,490$8,287,176$13,548,308
73$16,534,020$9,918,724$8,488,134$14,607,914
74$18,141,413$10,325,664$8,693,409$15,764,261
75$19,910,269$10,750,053$8,903,070$17,026,795
76$21,856,978$11,192,668$9,117,185$18,405,908
77$23,999,602$11,654,321$9,335,823$19,913,034
78$26,358,040$12,135,860$9,559,051$21,560,756
79$28,954,218$12,638,176$9,786,937$23,362,920
80$31,812,298$13,162,196$10,019,549$25,334,767
81$34,958,901$13,708,892$10,256,953$27,493,069
82$38,423,363$14,279,282$10,499,215$29,856,289
83$42,238,008$14,874,429$10,746,400$32,444,752
84$46,438,453$15,495,444$10,998,573$35,280,829
85$51,063,947$16,143,493$11,255,798$38,389,153
86$56,157,738$16,819,793$11,518,135$41,796,842
87$61,767,482$17,525,617$11,785,647$45,533,752
88$67,945,692$18,262,299$12,058,393$49,632,760
89$74,750,233$19,031,232$12,336,430$54,130,065
90$82,244,872$19,833,877$12,619,815$59,065,530
91$90,499,872$20,671,761$12,908,602$64,483,052
92$99,592,662$21,546,480$13,202,843$70,430,971
93$109,608,563$22,459,707$13,502,588$76,962,528
94$120,641,596$23,413,192$13,807,885$84,136,354
95$132,795,367$24,408,767$14,118,776$92,017,027
96$146,184,044$25,448,346$14,435,305$100,675,672
97$160,933,438$26,533,937$14,757,510$110,190,626
98$177,182,187$27,667,638$15,085,425$120,648,178
99$195,083,065$28,851,647$15,419,082$132,143,371
100$214,804,424$30,088,264$15,758,507$144,780,900