Can I retire at age 64 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$561,538$556,536$551,656$546,893$542,242$526,784
2 years$277,989$272,812$267,794$262,929$258,210$242,758
3 years$183,485$178,285$173,280$168,461$163,819$148,855
4 years$136,242$131,059$126,104$121,367$116,837$102,477
5 years$107,904$102,752$97,862$93,221$88,818$75,100
6 years$89,018$83,904$79,087$74,550$70,279$57,217
7 years$75,534$70,463$65,722$61,292$57,155$44,749
8 years$65,425$60,400$55,737$51,416$47,416$35,658
9 years$57,566$52,589$48,006$43,795$39,931$28,810
10 years$51,283$46,354$41,853$37,752$34,023$23,524
11 years$46,146$41,267$36,847$32,855$29,261$19,367
12 years$41,868$37,039$32,701$28,819$25,357$16,049
13 years$38,251$33,472$29,216$25,442$22,112$13,369
14 years$35,153$30,425$26,250$22,585$19,383$11,184
15 years$32,471$27,794$23,701$20,142$17,066$9,388
16 years$30,127$25,500$21,488$18,035$15,083$7,904
17 years$28,060$23,485$19,553$16,204$13,374$6,670
18 years$26,225$21,701$17,850$14,603$11,891$5,640
19 years$24,585$20,112$16,341$13,195$10,599$4,777
20 years$23,111$18,689$14,997$11,951$9,467$4,051
21 years$21,779$17,408$13,794$10,846$8,472$3,440
22 years$20,570$16,250$12,713$9,862$7,594$2,924
23 years$19,467$15,198$11,738$8,981$6,817$2,487
24 years$18,458$14,240$10,856$8,191$6,127$2,117
25 years$17,531$13,364$10,055$7,481$5,514$1,803
26 years$16,677$12,560$9,325$6,840$4,966$1,537
27 years$15,888$11,820$8,659$6,261$4,478$1,310
28 years$15,156$11,138$8,050$5,736$4,040$1,118
29 years$14,476$10,507$7,491$5,260$3,648$953
30 years$13,842$9,923$6,978$4,828$3,296$814
31 years$13,250$9,381$6,505$4,434$2,980$695
32 years$12,697$8,876$6,070$4,075$2,696$593
33 years$12,178$8,406$5,667$3,747$2,440$506
34 years$11,690$7,967$5,295$3,448$2,209$432
35 years$11,232$7,556$4,950$3,174$2,001$369
36 years$10,800$7,172$4,631$2,923$1,813$315
37 years$10,392$6,812$4,335$2,693$1,643$269
38 years$10,007$6,474$4,059$2,482$1,489$230
39 years$9,642$6,156$3,803$2,289$1,351$197
40 years$9,297$5,857$3,565$2,111$1,225$168
41 years$8,969$5,575$3,342$1,948$1,111$144
42 years$8,657$5,309$3,135$1,798$1,009$123
43 years$8,361$5,059$2,942$1,659$915$105
44 years$8,079$4,822$2,762$1,532$831$90
45 years$7,811$4,598$2,593$1,415$754$77
46 years$7,555$4,387$2,435$1,307$685$65
47 years$7,310$4,186$2,288$1,208$622$56
48 years$7,076$3,996$2,150$1,116$565$48
49 years$6,853$3,816$2,021$1,031$513$41
50 years$6,639$3,645$1,900$953$466$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,800,000, adding $2,633 every year, while hoping to spend $20,649 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: 58/26/16 Blend
63$6,800,000$6,800,000$6,800,000$6,800,000
64$7,496,316$7,135,916$7,030,516$7,899,951
65$8,238,970$7,463,605$7,244,068$8,501,220
66$9,056,682$7,806,660$7,464,082$9,153,869
67$9,957,088$8,165,810$7,690,752$9,864,864
68$10,948,598$8,541,822$7,924,280$10,639,824
69$12,040,483$8,935,499$8,164,871$11,484,927
70$13,242,956$9,347,682$8,412,738$12,406,967
71$14,567,274$9,779,255$8,668,101$13,413,415
72$16,025,838$10,231,141$8,931,185$14,512,486
73$17,632,316$10,704,310$9,202,222$15,713,220
74$19,401,768$11,199,777$9,481,453$17,025,558
75$21,350,790$11,718,607$9,769,122$18,460,440
76$23,497,667$12,261,915$10,065,485$20,029,900
77$25,862,553$12,830,873$10,370,802$21,747,180
78$28,467,653$13,426,705$10,685,344$23,626,853
79$31,337,437$14,050,698$11,009,387$25,684,956
80$34,498,872$14,704,197$11,343,216$27,939,139
81$37,981,670$15,388,616$11,687,128$30,408,827
82$41,818,577$16,105,435$12,041,423$33,115,404
83$46,045,676$16,856,206$12,406,415$36,082,407
84$50,702,730$17,642,555$12,782,425$39,335,749
85$55,833,555$18,466,187$13,169,783$42,903,955
86$61,486,438$19,328,891$13,568,831$46,818,431
87$67,714,588$20,232,539$13,979,920$51,113,757
88$74,576,640$21,179,097$14,403,411$55,828,004
89$82,137,208$22,170,624$14,839,677$61,003,096
90$90,467,498$23,209,279$15,289,100$66,685,196
91$99,645,975$24,297,326$15,752,077$72,925,139
92$109,759,106$25,437,137$16,229,013$79,778,906
93$120,902,177$26,631,199$16,720,328$87,308,147
94$133,180,193$27,882,121$17,226,453$95,580,761
95$146,708,865$29,192,638$17,747,831$104,671,524
96$161,615,707$30,565,615$18,284,921$114,662,795
97$178,041,237$32,004,057$18,838,194$125,645,286
98$196,140,303$33,511,117$19,408,133$137,718,911
99$216,083,549$35,090,096$19,995,240$150,993,719
100$238,059,019$36,744,459$20,600,029$165,590,933