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%14%
1 years$561,538$556,536$551,656$546,893$542,242$533,259
2 years$277,989$272,812$267,794$262,929$258,210$249,186
3 years$183,485$178,285$173,280$168,461$163,819$155,035
4 years$136,242$131,059$126,104$121,367$116,837$108,361
5 years$107,904$102,752$97,862$93,221$88,818$80,673
6 years$89,018$83,904$79,087$74,550$70,279$62,475
7 years$75,534$70,463$65,722$61,292$57,155$49,696
8 years$65,425$60,400$55,737$51,416$47,416$40,298
9 years$57,566$52,589$48,006$43,795$39,931$33,152
10 years$51,283$46,354$41,853$37,752$34,023$27,577
11 years$46,146$41,267$36,847$32,855$29,261$23,140
12 years$41,868$37,039$32,701$28,819$25,357$19,554
13 years$38,251$33,472$29,216$25,442$22,112$16,618
14 years$35,153$30,425$26,250$22,585$19,383$14,190
15 years$32,471$27,794$23,701$20,142$17,066$12,163
16 years$30,127$25,500$21,488$18,035$15,083$10,460
17 years$28,060$23,485$19,553$16,204$13,374$9,020
18 years$26,225$21,701$17,850$14,603$11,891$7,797
19 years$24,585$20,112$16,341$13,195$10,599$6,753
20 years$23,111$18,689$14,997$11,951$9,467$5,858
21 years$21,779$17,408$13,794$10,846$8,472$5,090
22 years$20,570$16,250$12,713$9,862$7,594$4,428
23 years$19,467$15,198$11,738$8,981$6,817$3,856
24 years$18,458$14,240$10,856$8,191$6,127$3,361
25 years$17,531$13,364$10,055$7,481$5,514$2,932
26 years$16,677$12,560$9,325$6,840$4,966$2,560
27 years$15,888$11,820$8,659$6,261$4,478$2,236
28 years$15,156$11,138$8,050$5,736$4,040$1,954
29 years$14,476$10,507$7,491$5,260$3,648$1,709
30 years$13,842$9,923$6,978$4,828$3,296$1,495
31 years$13,250$9,381$6,505$4,434$2,980$1,308
32 years$12,697$8,876$6,070$4,075$2,696$1,145
33 years$12,178$8,406$5,667$3,747$2,440$1,002
34 years$11,690$7,967$5,295$3,448$2,209$878
35 years$11,232$7,556$4,950$3,174$2,001$769
36 years$10,800$7,172$4,631$2,923$1,813$674
37 years$10,392$6,812$4,335$2,693$1,643$590
38 years$10,007$6,474$4,059$2,482$1,489$517
39 years$9,642$6,156$3,803$2,289$1,351$453
40 years$9,297$5,857$3,565$2,111$1,225$397
41 years$8,969$5,575$3,342$1,948$1,111$348
42 years$8,657$5,309$3,135$1,798$1,009$305
43 years$8,361$5,059$2,942$1,659$915$268
44 years$8,079$4,822$2,762$1,532$831$235
45 years$7,811$4,598$2,593$1,415$754$206
46 years$7,555$4,387$2,435$1,307$685$181
47 years$7,310$4,186$2,288$1,208$622$158
48 years$7,076$3,996$2,150$1,116$565$139
49 years$6,853$3,816$2,021$1,031$513$122
50 years$6,639$3,645$1,900$953$466$107

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 $5,891 every year, while hoping to spend $29,970 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: 88/6/6 Blend
63$6,800,000$6,800,000$6,800,000$6,800,000
64$7,499,677$7,139,277$7,033,877$8,157,828
65$8,232,756$7,457,213$7,237,624$8,904,979
66$9,039,604$7,789,724$7,447,192$9,721,448
67$9,927,716$8,137,492$7,662,744$10,618,056
68$10,905,346$8,501,232$7,884,449$11,602,865
69$11,981,591$8,881,693$8,112,478$12,684,755
70$13,166,477$9,279,660$8,347,010$13,873,509
71$14,471,048$9,695,953$8,588,225$15,179,900
72$15,907,475$10,131,435$8,836,311$16,615,798
73$17,489,170$10,587,008$9,091,460$18,194,276
74$19,230,910$11,063,616$9,353,869$19,929,738
75$21,148,980$11,562,251$9,623,740$21,838,050
76$23,261,324$12,083,949$9,901,283$23,936,692
77$25,587,714$12,629,797$10,186,711$26,244,920
78$28,149,938$13,200,934$10,480,243$28,783,950
79$30,972,005$13,798,554$10,782,105$31,577,153
80$34,080,373$14,423,906$11,092,529$34,650,280
81$37,504,195$15,078,302$11,411,753$38,031,700
82$41,275,597$15,763,113$11,740,020$41,752,669
83$45,429,980$16,479,777$12,077,583$45,847,624
84$50,006,355$17,229,803$12,424,699$50,354,507
85$55,047,710$18,014,770$12,781,633$55,315,121
86$60,601,414$18,836,332$13,148,656$60,775,527
87$66,719,670$19,696,224$13,526,048$66,786,473
88$73,460,001$20,596,263$13,914,095$73,403,876
89$80,885,796$21,538,355$14,313,091$80,689,346
90$89,066,907$22,524,495$14,723,340$88,710,768
91$98,080,311$23,556,774$15,145,151$97,542,941
92$108,010,832$24,637,385$15,578,843$107,268,283
93$118,951,946$25,768,626$16,024,743$117,977,608
94$131,006,659$26,952,903$16,483,187$129,770,980
95$144,288,484$28,192,742$16,954,520$142,758,659
96$158,922,509$29,490,785$17,439,095$157,062,139
97$175,046,576$30,849,805$17,937,276$172,815,293
98$192,812,589$32,272,708$18,449,437$190,165,635
99$212,387,940$33,762,537$18,975,960$209,275,711
100$233,957,093$35,322,485$19,517,238$230,324,634