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%12.8%
1 years$545,022$540,167$535,431$530,807$526,293$520,148
2 years$269,813$264,788$259,918$255,196$250,616$244,431
3 years$178,088$173,042$168,184$163,506$159,001$152,967
4 years$132,235$127,204$122,395$117,797$113,401$107,566
5 years$104,731$99,729$94,983$90,480$86,206$80,586
6 years$86,400$81,437$76,761$72,357$68,211$62,814
7 years$73,312$68,390$63,789$59,489$55,474$50,301
8 years$63,500$58,623$54,098$49,904$46,021$41,072
9 years$55,873$51,042$46,594$42,507$38,757$34,029
10 years$49,775$44,991$40,622$36,641$33,022$28,514
11 years$44,789$40,053$35,763$31,889$28,400$24,107
12 years$40,637$35,949$31,739$27,971$24,611$20,528
13 years$37,126$32,488$28,356$24,694$21,461$17,583
14 years$34,119$29,530$25,478$21,921$18,813$15,134
15 years$31,516$26,977$23,004$19,549$16,564$13,080
16 years$29,240$24,750$20,856$17,504$14,640$11,343
17 years$27,235$22,794$18,978$15,728$12,981$9,865
18 years$25,454$21,063$17,325$14,174$11,542$8,601
19 years$23,862$19,521$15,860$12,807$10,287$7,515
20 years$22,431$18,140$14,555$11,599$9,189$6,578
21 years$21,139$16,896$13,388$10,527$8,223$5,767
22 years$19,965$15,772$12,339$9,572$7,371$5,062
23 years$18,895$14,751$11,393$8,717$6,616$4,450
24 years$17,915$13,821$10,537$7,950$5,947$3,915
25 years$17,016$12,970$9,759$7,261$5,351$3,448
26 years$16,187$12,190$9,051$6,639$4,820$3,039
27 years$15,420$11,472$8,405$6,077$4,346$2,680
28 years$14,710$10,810$7,813$5,568$3,921$2,365
29 years$14,050$10,198$7,271$5,106$3,541$2,088
30 years$13,435$9,631$6,773$4,686$3,199$1,845
31 years$12,861$9,105$6,314$4,303$2,893$1,630
32 years$12,323$8,615$5,891$3,955$2,617$1,441
33 years$11,820$8,158$5,500$3,637$2,368$1,275
34 years$11,347$7,732$5,139$3,346$2,144$1,128
35 years$10,902$7,334$4,805$3,080$1,942$998
36 years$10,482$6,961$4,495$2,837$1,759$883
37 years$10,087$6,611$4,207$2,614$1,595$782
38 years$9,713$6,283$3,940$2,409$1,446$692
39 years$9,359$5,975$3,691$2,221$1,311$613
40 years$9,023$5,684$3,460$2,049$1,189$543
41 years$8,705$5,411$3,244$1,890$1,079$481
42 years$8,403$5,153$3,043$1,745$979$426
43 years$8,115$4,910$2,856$1,611$888$377
44 years$7,842$4,680$2,680$1,487$806$334
45 years$7,581$4,463$2,517$1,373$732$296
46 years$7,332$4,258$2,364$1,269$665$262
47 years$7,095$4,063$2,221$1,172$604$232
48 years$6,868$3,879$2,087$1,083$548$206
49 years$6,651$3,704$1,962$1,001$498$183
50 years$6,444$3,538$1,844$925$452$162

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 $2,183 every year, while hoping to spend $43,168 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: 36/37/27 Blend
63$6,600,000$6,600,000$6,600,000$6,600,000
64$7,275,452$6,925,652$6,823,352$7,478,249
65$7,971,617$7,219,078$7,006,004$7,922,366
66$8,737,345$7,525,436$7,193,328$8,397,416
67$9,579,685$7,845,313$7,385,434$8,909,445
68$10,506,404$8,179,324$7,582,437$9,461,804
69$11,526,060$8,528,114$7,784,452$10,058,170
70$12,648,083$8,892,357$7,991,597$10,702,580
71$13,882,863$9,272,758$8,203,991$11,399,463
72$15,241,849$9,670,056$8,421,757$12,153,681
73$16,737,652$10,085,024$8,645,022$12,970,573
74$18,384,174$10,518,472$8,873,911$13,856,004
75$20,196,728$10,971,245$9,108,556$14,816,414
76$22,192,190$11,444,232$9,349,088$15,858,880
77$24,389,154$11,938,360$9,595,643$16,991,175
78$26,808,110$12,454,601$9,848,358$18,221,845
79$29,471,633$12,993,972$10,107,375$19,560,279
80$32,404,602$13,557,540$10,372,834$21,016,802
81$35,634,430$14,146,418$10,644,883$22,602,762
82$39,191,325$14,761,775$10,923,669$24,330,638
83$43,108,571$15,404,833$11,209,343$26,214,150
84$47,422,848$16,076,873$11,502,059$28,268,392
85$52,174,573$16,779,234$11,801,973$30,509,960
86$57,408,284$17,513,321$12,109,243$32,957,113
87$63,173,059$18,280,603$12,424,032$35,629,937
88$69,522,978$19,082,620$12,746,504$38,550,530
89$76,517,636$19,920,983$13,076,827$41,743,208
90$84,222,703$20,797,380$13,415,169$45,234,726
91$92,710,546$21,713,578$13,761,704$49,054,527
92$102,060,909$22,671,430$14,116,608$53,235,015
93$112,361,666$23,672,875$14,480,059$57,811,855
94$123,709,652$24,719,942$14,852,237$62,824,301
95$136,211,576$25,814,759$15,233,327$68,315,564
96$149,985,028$26,959,553$15,623,515$74,333,211
97$165,159,589$28,156,659$16,022,990$80,929,609
98$181,878,051$29,408,519$16,431,944$88,162,407
99$200,297,770$30,717,694$16,850,572$96,095,082
100$220,592,147$32,086,866$17,279,071$104,797,520