Can I retire at age 64 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$569,796$564,720$559,768$554,935$550,216$540,656
2 years$282,077$276,824$271,732$266,796$262,007$252,407
3 years$186,183$180,907$175,829$170,939$166,228$156,886
4 years$138,246$132,986$127,958$123,152$118,555$109,544
5 years$109,491$104,263$99,301$94,592$90,124$81,469
6 years$90,327$85,138$80,250$75,646$71,312$63,023
7 years$76,644$71,499$66,688$62,193$57,996$50,075
8 years$66,387$61,288$56,557$52,172$48,113$40,559
9 years$58,413$53,362$48,712$44,439$40,518$33,327
10 years$52,037$47,036$42,468$38,307$34,524$27,688
11 years$46,825$41,873$37,389$33,338$29,691$23,205
12 years$42,484$37,583$33,181$29,242$25,730$19,583
13 years$38,814$33,964$29,645$25,817$22,437$16,621
14 years$35,670$30,873$26,637$22,917$19,668$14,173
15 years$32,949$28,203$24,049$20,438$17,317$12,132
16 years$30,570$25,875$21,804$18,300$15,305$10,419
17 years$28,473$23,830$19,841$16,442$13,571$8,972
18 years$26,611$22,020$18,112$14,818$12,066$7,744
19 years$24,947$20,408$16,581$13,389$10,755$6,697
20 years$23,451$18,964$15,217$12,127$9,607$5,801
21 years$22,099$17,665$13,997$11,006$8,597$5,033
22 years$20,872$16,489$12,900$10,007$7,706$4,371
23 years$19,754$15,422$11,911$9,113$6,917$3,801
24 years$18,730$14,449$11,016$8,312$6,217$3,308
25 years$17,789$13,560$10,203$7,591$5,595$2,881
26 years$16,922$12,744$9,463$6,941$5,039$2,511
27 years$16,121$11,994$8,787$6,353$4,543$2,190
28 years$15,379$11,302$8,168$5,821$4,100$1,911
29 years$14,688$10,662$7,601$5,338$3,702$1,668
30 years$14,045$10,069$7,080$4,899$3,345$1,457
31 years$13,445$9,519$6,601$4,499$3,024$1,273
32 years$12,883$9,006$6,159$4,135$2,736$1,112
33 years$12,357$8,529$5,750$3,802$2,476$972
34 years$11,862$8,084$5,373$3,498$2,241$850
35 years$11,397$7,667$5,023$3,220$2,030$743
36 years$10,959$7,277$4,699$2,966$1,839$650
37 years$10,545$6,912$4,398$2,733$1,667$569
38 years$10,154$6,569$4,119$2,519$1,511$497
39 years$9,784$6,246$3,859$2,322$1,371$435
40 years$9,433$5,943$3,617$2,142$1,243$381
41 years$9,101$5,657$3,392$1,976$1,128$333
42 years$8,785$5,388$3,181$1,824$1,023$292
43 years$8,484$5,133$2,985$1,684$929$255
44 years$8,198$4,893$2,802$1,555$843$223
45 years$7,926$4,666$2,631$1,436$765$196
46 years$7,666$4,451$2,471$1,326$695$171
47 years$7,418$4,248$2,322$1,225$631$150
48 years$7,180$4,055$2,182$1,132$573$131
49 years$6,954$3,872$2,051$1,046$520$115
50 years$6,737$3,699$1,928$967$473$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,900,000, adding $2,329 every year, while hoping to spend $52,712 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: 50/44/6 Blend
63$6,900,000$6,900,000$6,900,000$6,900,000
64$7,606,202$7,240,502$7,133,552$7,975,116
65$8,325,950$7,539,202$7,316,441$8,525,267
66$9,117,345$7,850,771$7,503,690$9,116,877
67$9,987,640$8,175,784$7,695,390$9,758,446
68$10,944,825$8,514,844$7,891,631$10,454,660
69$11,997,705$8,868,578$8,092,508$11,210,667
70$13,155,978$9,237,646$8,298,114$12,032,121
71$14,430,331$9,622,735$8,508,545$12,925,235
72$15,832,541$10,024,565$8,723,897$13,896,834
73$17,375,581$10,443,889$8,944,269$14,954,421
74$19,073,748$10,881,497$9,169,759$16,106,244
75$20,942,791$11,338,212$9,400,467$17,361,369
76$23,000,068$11,814,896$9,636,495$18,729,763
77$25,264,702$12,312,453$9,877,945$20,222,386
78$27,757,766$12,831,828$10,124,920$21,851,293
79$30,502,478$13,374,007$10,377,525$23,629,739
80$33,524,424$13,940,027$10,635,865$25,572,306
81$36,851,795$14,530,967$10,900,046$27,695,034
82$40,515,656$15,147,963$11,170,175$30,015,568
83$44,550,237$15,792,197$11,446,361$32,553,325
84$48,993,259$16,464,912$11,728,711$35,329,667
85$53,886,283$17,167,405$12,017,335$38,368,101
86$59,275,112$17,901,036$12,312,343$41,694,499
87$65,210,212$18,667,225$12,613,846$45,337,330
88$71,747,197$19,467,463$12,921,953$49,327,933
89$78,947,349$20,303,307$13,236,777$53,700,800
90$86,878,198$21,176,388$13,558,428$58,493,900
91$95,614,157$22,088,414$13,887,018$63,749,030
92$105,237,228$23,041,172$14,222,660$69,512,205
93$115,837,770$24,036,535$14,565,464$75,834,085
94$127,515,356$25,076,459$14,915,541$82,770,445
95$140,379,715$26,162,997$15,273,003$90,382,699
96$154,551,758$27,298,296$15,637,961$98,738,469
97$170,164,728$28,484,604$16,010,524$107,912,215
98$187,365,456$29,724,275$16,390,802$117,985,935
99$206,315,741$31,019,774$16,778,903$129,049,925
100$227,193,885$32,373,680$17,174,934$141,203,627