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%17.7%
1 years$545,022$540,167$535,431$530,807$526,293$509,855
2 years$269,813$264,788$259,918$255,196$250,616$234,201
3 years$178,088$173,042$168,184$163,506$159,001$143,124
4 years$132,235$127,204$122,395$117,797$113,401$98,184
5 years$104,731$99,729$94,983$90,480$86,206$71,689
6 years$86,400$81,437$76,761$72,357$68,211$54,409
7 years$73,312$68,390$63,789$59,489$55,474$42,384
8 years$63,500$58,623$54,098$49,904$46,021$33,635
9 years$55,873$51,042$46,594$42,507$38,757$27,060
10 years$49,775$44,991$40,622$36,641$33,022$21,999
11 years$44,789$40,053$35,763$31,889$28,400$18,029
12 years$40,637$35,949$31,739$27,971$24,611$14,871
13 years$37,126$32,488$28,356$24,694$21,461$12,329
14 years$34,119$29,530$25,478$21,921$18,813$10,264
15 years$31,516$26,977$23,004$19,549$16,564$8,574
16 years$29,240$24,750$20,856$17,504$14,640$7,182
17 years$27,235$22,794$18,978$15,728$12,981$6,030
18 years$25,454$21,063$17,325$14,174$11,542$5,072
19 years$23,862$19,521$15,860$12,807$10,287$4,273
20 years$22,431$18,140$14,555$11,599$9,189$3,605
21 years$21,139$16,896$13,388$10,527$8,223$3,045
22 years$19,965$15,772$12,339$9,572$7,371$2,574
23 years$18,895$14,751$11,393$8,717$6,616$2,177
24 years$17,915$13,821$10,537$7,950$5,947$1,843
25 years$17,016$12,970$9,759$7,261$5,351$1,561
26 years$16,187$12,190$9,051$6,639$4,820$1,323
27 years$15,420$11,472$8,405$6,077$4,346$1,122
28 years$14,710$10,810$7,813$5,568$3,921$951
29 years$14,050$10,198$7,271$5,106$3,541$807
30 years$13,435$9,631$6,773$4,686$3,199$685
31 years$12,861$9,105$6,314$4,303$2,893$581
32 years$12,323$8,615$5,891$3,955$2,617$493
33 years$11,820$8,158$5,500$3,637$2,368$419
34 years$11,347$7,732$5,139$3,346$2,144$355
35 years$10,902$7,334$4,805$3,080$1,942$302
36 years$10,482$6,961$4,495$2,837$1,759$256
37 years$10,087$6,611$4,207$2,614$1,595$218
38 years$9,713$6,283$3,940$2,409$1,446$185
39 years$9,359$5,975$3,691$2,221$1,311$157
40 years$9,023$5,684$3,460$2,049$1,189$133
41 years$8,705$5,411$3,244$1,890$1,079$113
42 years$8,403$5,153$3,043$1,745$979$96
43 years$8,115$4,910$2,856$1,611$888$82
44 years$7,842$4,680$2,680$1,487$806$69
45 years$7,581$4,463$2,517$1,373$732$59
46 years$7,332$4,258$2,364$1,269$665$50
47 years$7,095$4,063$2,221$1,172$604$43
48 years$6,868$3,879$2,087$1,083$548$36
49 years$6,651$3,704$1,962$1,001$498$31
50 years$6,444$3,538$1,844$925$452$26

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 $2,323 every year, while hoping to spend $48,709 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: 48/22/30 Blend
63$6,600,000$6,600,000$6,600,000$6,600,000
64$7,275,596$6,925,796$6,823,496$7,562,292
65$7,965,881$7,213,334$7,000,257$8,052,372
66$8,724,942$7,513,329$7,181,307$8,579,367
67$9,559,744$7,826,340$7,366,739$9,150,791
68$10,477,958$8,152,951$7,556,645$9,770,866
69$11,488,039$8,493,774$7,751,121$10,444,236
70$12,599,300$8,849,450$7,950,265$11,176,005
71$13,822,003$9,220,647$8,154,173$11,971,786
72$15,167,455$9,608,067$8,362,946$12,837,752
73$16,648,115$10,012,442$8,576,684$13,780,695
74$18,277,710$10,434,539$8,795,490$14,808,084
75$20,071,366$10,875,161$9,019,468$15,928,137
76$22,045,748$11,335,146$9,248,724$17,149,898
77$24,219,221$11,815,375$9,483,363$18,483,316
78$26,612,020$12,316,767$9,723,494$19,939,340
79$29,246,441$12,840,284$9,969,226$21,530,020
80$32,147,053$13,386,933$10,220,670$23,268,619
81$35,340,927$13,957,768$10,477,937$25,169,736
82$38,857,896$14,553,892$10,741,142$27,249,439
83$42,730,829$15,176,461$11,010,398$29,525,418
84$46,995,949$15,826,682$11,285,822$32,017,148
85$51,693,168$16,505,822$11,567,529$34,746,069
86$56,866,467$17,215,204$11,855,638$37,735,789
87$62,564,312$17,956,214$12,150,267$41,012,300
88$68,840,108$18,730,304$12,451,536$44,604,223
89$75,752,703$19,538,993$12,759,567$48,543,076
90$83,366,946$20,383,871$13,074,480$52,863,565
91$91,754,297$21,266,603$13,396,397$57,603,913
92$100,993,501$22,188,933$13,725,443$62,806,214
93$111,171,333$23,152,685$14,061,740$68,516,827
94$122,383,413$24,159,771$14,405,412$74,786,811
95$134,735,112$25,212,191$14,756,584$81,672,404
96$148,342,545$26,312,040$15,115,382$89,235,549
97$163,333,667$27,461,512$15,481,929$97,544,474
98$179,849,478$28,662,903$15,856,351$106,674,332
99$198,045,360$29,918,620$16,238,774$116,707,907
100$218,092,535$31,231,181$16,629,321$127,736,390