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%18.3%
1 years$553,280$548,351$543,543$538,850$534,267$516,339
2 years$273,901$268,800$263,856$259,063$254,413$236,527
3 years$180,787$175,664$170,732$165,984$161,410$144,129
4 years$134,239$129,131$124,249$119,582$115,119$98,574
5 years$106,317$101,241$96,423$91,850$87,512$71,747
6 years$87,709$82,671$77,924$73,454$69,245$54,274
7 years$74,423$69,427$64,755$60,390$56,315$42,134
8 years$64,463$59,511$54,917$50,660$46,718$33,318
9 years$56,720$51,815$47,300$43,151$39,344$26,707
10 years$50,529$45,673$41,238$37,197$33,523$21,630
11 years$45,467$40,660$36,305$32,372$28,831$17,659
12 years$41,252$36,494$32,220$28,395$24,984$14,508
13 years$37,689$32,980$28,786$25,068$21,787$11,979
14 years$34,636$29,978$25,864$22,253$19,098$9,931
15 years$31,994$27,385$23,352$19,846$16,815$8,261
16 years$29,684$25,125$21,172$17,770$14,862$6,890
17 years$27,647$23,140$19,266$15,966$13,177$5,759
18 years$25,839$21,382$17,587$14,388$11,717$4,823
19 years$24,224$19,817$16,100$13,001$10,443$4,045
20 years$22,771$18,415$14,776$11,775$9,328$3,396
21 years$21,459$17,152$13,591$10,687$8,348$2,855
22 years$20,267$16,011$12,526$9,717$7,482$2,402
23 years$19,181$14,975$11,566$8,849$6,717$2,023
24 years$18,187$14,031$10,696$8,071$6,037$1,704
25 years$17,274$13,167$9,907$7,371$5,432$1,437
26 years$16,432$12,375$9,188$6,739$4,893$1,211
27 years$15,654$11,646$8,532$6,169$4,412$1,022
28 years$14,933$10,974$7,932$5,652$3,981$863
29 years$14,263$10,353$7,381$5,183$3,595$728
30 years$13,638$9,777$6,875$4,757$3,248$615
31 years$13,055$9,243$6,410$4,369$2,936$519
32 years$12,510$8,745$5,980$4,015$2,656$438
33 years$11,999$8,282$5,584$3,692$2,404$370
34 years$11,519$7,850$5,217$3,397$2,176$313
35 years$11,067$7,445$4,878$3,127$1,971$264
36 years$10,641$7,067$4,563$2,880$1,786$223
37 years$10,239$6,712$4,271$2,654$1,619$189
38 years$9,860$6,378$3,999$2,446$1,468$159
39 years$9,500$6,065$3,747$2,255$1,331$135
40 years$9,160$5,771$3,512$2,080$1,207$114
41 years$8,837$5,493$3,293$1,919$1,095$96
42 years$8,530$5,231$3,089$1,771$994$81
43 years$8,238$4,984$2,899$1,635$902$69
44 years$7,961$4,751$2,721$1,510$819$58
45 years$7,696$4,531$2,555$1,394$743$49
46 years$7,444$4,322$2,400$1,288$675$42
47 years$7,203$4,125$2,254$1,190$613$35
48 years$6,972$3,938$2,119$1,099$556$30
49 years$6,752$3,760$1,991$1,016$505$25
50 years$6,542$3,592$1,872$939$459$21

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 $4,692 every year, while hoping to spend $35,372 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: 43/42/15 Blend
63$6,700,000$6,700,000$6,700,000$6,700,000
64$7,388,240$7,033,140$6,929,290$7,673,529
65$8,104,205$7,340,128$7,123,785$8,181,151
66$8,892,013$7,660,973$7,323,611$8,726,880
67$9,758,954$7,996,317$7,528,908$9,317,346
68$10,713,062$8,346,831$7,739,821$9,956,674
69$11,763,188$8,713,220$7,956,499$10,649,390
70$12,919,084$9,096,219$8,179,093$11,400,466
71$14,191,498$9,496,601$8,407,760$12,215,358
72$15,592,270$9,915,173$8,642,659$13,100,057
73$17,134,448$10,352,783$8,883,954$14,061,144
74$18,832,408$10,810,316$9,131,813$15,105,850
75$20,701,993$11,288,701$9,386,409$16,242,116
76$22,760,660$11,788,910$9,647,916$17,478,670
77$25,027,642$12,311,963$9,916,517$18,825,104
78$27,524,137$12,858,924$10,192,396$20,291,961
79$30,273,501$13,430,913$10,475,742$21,890,830
80$33,301,469$14,029,098$10,766,751$23,634,453
81$36,636,402$14,654,707$11,065,620$25,536,838
82$40,309,551$15,309,024$11,372,555$27,613,393
83$44,355,353$15,993,394$11,687,763$29,881,061
84$48,811,754$16,709,226$12,011,458$32,358,478
85$53,720,572$17,457,996$12,343,861$35,066,143
86$59,127,884$18,241,252$12,685,194$38,026,607
87$65,084,469$19,060,614$13,035,689$41,264,682
88$71,646,279$19,917,779$13,395,579$44,807,666
89$78,874,975$20,814,526$13,765,106$48,685,599
90$86,838,503$21,752,717$14,144,517$52,931,536
91$95,611,736$22,734,306$14,534,064$57,581,857
92$105,277,183$23,761,338$14,934,006$62,676,601
93$115,925,768$24,835,955$15,344,607$68,259,837
94$127,657,682$25,960,403$15,766,137$74,380,076
95$140,583,338$27,137,035$16,198,875$81,090,715
96$154,824,405$28,368,316$16,643,104$88,450,540
97$170,514,959$29,656,829$17,099,113$96,524,267
98$187,802,753$31,005,281$17,567,201$105,383,149
99$206,850,601$32,416,507$18,047,670$115,105,635
100$227,837,928$33,893,481$18,540,832$125,778,104