Can I retire at age 64 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$553,280$548,351$543,543$538,850$534,267$523,480
2 years$273,901$268,800$263,856$259,063$254,413$243,592
3 years$180,787$175,664$170,732$165,984$161,410$150,894
4 years$134,239$129,131$124,249$119,582$115,119$104,988
5 years$106,317$101,241$96,423$91,850$87,512$77,794
6 years$87,709$82,671$77,924$73,454$69,245$59,952
7 years$74,423$69,427$64,755$60,390$56,315$47,448
8 years$64,463$59,511$54,917$50,660$46,718$38,276
9 years$56,720$51,815$47,300$43,151$39,344$31,319
10 years$50,529$45,673$41,238$37,197$33,523$25,909
11 years$45,467$40,660$36,305$32,372$28,831$21,618
12 years$41,252$36,494$32,220$28,395$24,984$18,162
13 years$37,689$32,980$28,786$25,068$21,787$15,343
14 years$34,636$29,978$25,864$22,253$19,098$13,021
15 years$31,994$27,385$23,352$19,846$16,815$11,093
16 years$29,684$25,125$21,172$17,770$14,862$9,479
17 years$27,647$23,140$19,266$15,966$13,177$8,122
18 years$25,839$21,382$17,587$14,388$11,717$6,975
19 years$24,224$19,817$16,100$13,001$10,443$6,001
20 years$22,771$18,415$14,776$11,775$9,328$5,171
21 years$21,459$17,152$13,591$10,687$8,348$4,462
22 years$20,267$16,011$12,526$9,717$7,482$3,855
23 years$19,181$14,975$11,566$8,849$6,717$3,334
24 years$18,187$14,031$10,696$8,071$6,037$2,885
25 years$17,274$13,167$9,907$7,371$5,432$2,499
26 years$16,432$12,375$9,188$6,739$4,893$2,166
27 years$15,654$11,646$8,532$6,169$4,412$1,878
28 years$14,933$10,974$7,932$5,652$3,981$1,630
29 years$14,263$10,353$7,381$5,183$3,595$1,415
30 years$13,638$9,777$6,875$4,757$3,248$1,228
31 years$13,055$9,243$6,410$4,369$2,936$1,067
32 years$12,510$8,745$5,980$4,015$2,656$927
33 years$11,999$8,282$5,584$3,692$2,404$805
34 years$11,519$7,850$5,217$3,397$2,176$700
35 years$11,067$7,445$4,878$3,127$1,971$608
36 years$10,641$7,067$4,563$2,880$1,786$529
37 years$10,239$6,712$4,271$2,654$1,619$460
38 years$9,860$6,378$3,999$2,446$1,468$400
39 years$9,500$6,065$3,747$2,255$1,331$348
40 years$9,160$5,771$3,512$2,080$1,207$303
41 years$8,837$5,493$3,293$1,919$1,095$263
42 years$8,530$5,231$3,089$1,771$994$229
43 years$8,238$4,984$2,899$1,635$902$199
44 years$7,961$4,751$2,721$1,510$819$173
45 years$7,696$4,531$2,555$1,394$743$151
46 years$7,444$4,322$2,400$1,288$675$131
47 years$7,203$4,125$2,254$1,190$613$114
48 years$6,972$3,938$2,119$1,099$556$99
49 years$6,752$3,760$1,991$1,016$505$86
50 years$6,542$3,592$1,872$939$459$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,700,000, adding $5,430 every year, while hoping to spend $57,221 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: 53/28/19 Blend
63$6,700,000$6,700,000$6,700,000$6,700,000
64$7,389,001$7,033,901$6,930,051$7,742,022
65$8,081,796$7,317,679$7,101,325$8,268,569
66$8,843,339$7,613,445$7,276,419$8,834,752
67$9,680,581$7,921,725$7,455,400$9,449,592
68$10,601,181$8,243,071$7,638,337$10,117,737
69$11,613,577$8,578,057$7,825,297$10,844,298
70$12,727,067$8,927,287$8,016,349$11,634,895
71$13,951,893$9,291,389$8,211,562$12,495,711
72$15,299,342$9,671,022$8,411,005$13,433,542
73$16,781,847$10,066,875$8,614,746$14,455,868
74$18,413,110$10,479,667$8,822,855$15,570,916
75$20,208,227$10,910,150$9,035,400$16,787,738
76$22,183,830$11,359,111$9,252,450$18,116,293
77$24,358,247$11,827,374$9,474,074$19,567,540
78$26,751,673$12,315,800$9,700,339$21,153,542
79$29,386,357$12,825,288$9,931,315$22,887,571
80$32,286,819$13,356,780$10,167,067$24,784,237
81$35,480,075$13,911,262$10,407,663$26,859,624
82$38,995,892$14,489,764$10,653,170$29,131,432
83$42,867,073$15,093,362$10,903,651$31,619,150
84$47,129,763$15,723,186$11,159,173$34,344,232
85$51,823,791$16,380,414$11,419,796$37,330,301
86$56,993,043$17,066,280$11,685,585$40,603,363
87$62,685,881$17,782,074$11,956,599$44,192,055
88$68,955,593$18,529,149$12,232,898$48,127,911
89$75,860,903$19,308,916$12,514,540$52,445,654
90$83,466,517$20,122,855$12,801,579$57,183,523
91$91,843,740$20,972,513$13,094,069$62,383,629
92$101,071,144$21,859,509$13,392,063$68,092,349
93$111,235,312$22,785,536$13,695,609$74,360,760
94$122,431,655$23,752,369$14,004,753$81,245,118
95$134,765,311$24,761,862$14,319,540$88,807,384
96$148,352,137$25,815,958$14,640,009$97,115,804
97$163,319,804$26,916,688$14,966,198$106,245,550
98$179,808,998$28,066,181$15,298,140$116,279,423
99$197,974,754$29,266,661$15,635,865$127,308,633
100$217,987,912$30,520,460$15,979,399$139,433,650