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

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$553,280$548,351$543,543$538,850$534,267$523,053
2 years$273,901$268,800$263,856$259,063$254,413$243,167
3 years$180,787$175,664$170,732$165,984$161,410$150,484
4 years$134,239$129,131$124,249$119,582$115,119$104,597
5 years$106,317$101,241$96,423$91,850$87,512$77,423
6 years$87,709$82,671$77,924$73,454$69,245$59,601
7 years$74,423$69,427$64,755$60,390$56,315$47,118
8 years$64,463$59,511$54,917$50,660$46,718$37,965
9 years$56,720$51,815$47,300$43,151$39,344$31,028
10 years$50,529$45,673$41,238$37,197$33,523$25,636
11 years$45,467$40,660$36,305$32,372$28,831$21,363
12 years$41,252$36,494$32,220$28,395$24,984$17,924
13 years$37,689$32,980$28,786$25,068$21,787$15,123
14 years$34,636$29,978$25,864$22,253$19,098$12,817
15 years$31,994$27,385$23,352$19,846$16,815$10,903
16 years$29,684$25,125$21,172$17,770$14,862$9,304
17 years$27,647$23,140$19,266$15,966$13,177$7,961
18 years$25,839$21,382$17,587$14,388$11,717$6,826
19 years$24,224$19,817$16,100$13,001$10,443$5,864
20 years$22,771$18,415$14,776$11,775$9,328$5,046
21 years$21,459$17,152$13,591$10,687$8,348$4,347
22 years$20,267$16,011$12,526$9,717$7,482$3,750
23 years$19,181$14,975$11,566$8,849$6,717$3,238
24 years$18,187$14,031$10,696$8,071$6,037$2,798
25 years$17,274$13,167$9,907$7,371$5,432$2,420
26 years$16,432$12,375$9,188$6,739$4,893$2,094
27 years$15,654$11,646$8,532$6,169$4,412$1,813
28 years$14,933$10,974$7,932$5,652$3,981$1,570
29 years$14,263$10,353$7,381$5,183$3,595$1,361
30 years$13,638$9,777$6,875$4,757$3,248$1,180
31 years$13,055$9,243$6,410$4,369$2,936$1,023
32 years$12,510$8,745$5,980$4,015$2,656$887
33 years$11,999$8,282$5,584$3,692$2,404$770
34 years$11,519$7,850$5,217$3,397$2,176$668
35 years$11,067$7,445$4,878$3,127$1,971$580
36 years$10,641$7,067$4,563$2,880$1,786$503
37 years$10,239$6,712$4,271$2,654$1,619$437
38 years$9,860$6,378$3,999$2,446$1,468$379
39 years$9,500$6,065$3,747$2,255$1,331$329
40 years$9,160$5,771$3,512$2,080$1,207$286
41 years$8,837$5,493$3,293$1,919$1,095$248
42 years$8,530$5,231$3,089$1,771$994$216
43 years$8,238$4,984$2,899$1,635$902$187
44 years$7,961$4,751$2,721$1,510$819$163
45 years$7,696$4,531$2,555$1,394$743$141
46 years$7,444$4,322$2,400$1,288$675$123
47 years$7,203$4,125$2,254$1,190$613$107
48 years$6,972$3,938$2,119$1,099$556$93
49 years$6,752$3,760$1,991$1,016$505$80
50 years$6,542$3,592$1,872$939$459$70

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 $6,729 every year, while hoping to spend $48,574 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: 73/5/22 Blend
63$6,700,000$6,700,000$6,700,000$6,700,000
64$7,390,341$7,035,241$6,931,391$7,889,637
65$8,092,473$7,328,285$7,111,910$8,515,831
66$8,864,595$7,634,061$7,296,849$9,195,196
67$9,713,794$7,953,140$7,486,304$9,938,297
68$10,647,880$8,286,122$7,680,373$10,751,467
69$11,675,455$8,633,634$7,879,157$11,641,685
70$12,806,000$8,996,330$8,082,757$12,616,635
71$14,049,959$9,374,898$8,291,277$13,684,778
72$15,418,841$9,770,054$8,504,821$14,855,433
73$16,925,327$10,182,551$8,723,496$16,138,867
74$18,583,387$10,613,173$8,947,411$17,546,384
75$20,408,418$11,062,744$9,176,674$19,090,437
76$22,417,382$11,532,123$9,411,398$20,784,743
77$24,628,970$12,022,212$9,651,695$22,644,412
78$27,063,778$12,533,954$9,897,680$24,686,087
79$29,744,500$13,068,334$10,149,469$26,928,103
80$32,696,142$13,626,386$10,407,180$29,390,659
81$35,946,260$14,209,191$10,670,931$32,096,005
82$39,525,216$14,817,878$10,940,845$35,068,653
83$43,466,467$15,453,633$11,217,042$38,335,608
84$47,806,881$16,117,695$11,499,647$41,926,623
85$52,587,082$16,811,362$11,788,784$45,874,475
86$57,851,836$17,535,990$12,084,581$50,215,276
87$63,650,473$18,293,003$12,387,164$54,988,815
88$70,037,350$19,083,889$12,696,662$60,238,926
89$77,072,366$19,910,206$13,013,207$66,013,908
90$84,821,526$20,773,585$13,336,928$72,366,975
91$93,357,566$21,675,735$13,667,960$79,356,760
92$102,760,636$22,618,444$14,006,434$87,047,865
93$113,119,058$23,603,585$14,352,487$95,511,470
94$124,530,159$24,633,118$14,706,252$104,826,006
95$137,101,190$25,709,096$15,067,867$115,077,891
96$150,950,339$26,833,669$15,437,468$126,362,345
97$166,207,843$28,009,088$15,815,193$138,784,290
98$183,017,221$29,237,711$16,201,179$152,459,335
99$201,536,625$30,522,006$16,595,566$167,514,869
100$221,940,334$31,864,558$16,998,491$184,091,261