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

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$569,796$564,720$559,768$554,935$550,216$545,606
2 years$282,077$276,824$271,732$266,796$262,007$257,361
3 years$186,183$180,907$175,829$170,939$166,228$161,690
4 years$138,246$132,986$127,958$123,152$118,555$114,159
5 years$109,491$104,263$99,301$94,592$90,124$85,884
6 years$90,327$85,138$80,250$75,646$71,312$67,233
7 years$76,644$71,499$66,688$62,193$57,996$54,079
8 years$66,387$61,288$56,557$52,172$48,113$44,359
9 years$58,413$53,362$48,712$44,439$40,518$36,926
10 years$52,037$47,036$42,468$38,307$34,524$31,091
11 years$46,825$41,873$37,389$33,338$29,691$26,416
12 years$42,484$37,583$33,181$29,242$25,730$22,608
13 years$38,814$33,964$29,645$25,817$22,437$19,466
14 years$35,670$30,873$26,637$22,917$19,668$16,844
15 years$32,949$28,203$24,049$20,438$17,317$14,635
16 years$30,570$25,875$21,804$18,300$15,305$12,762
17 years$28,473$23,830$19,841$16,442$13,571$11,161
18 years$26,611$22,020$18,112$14,818$12,066$9,787
19 years$24,947$20,408$16,581$13,389$10,755$8,600
20 years$23,451$18,964$15,217$12,127$9,607$7,572
21 years$22,099$17,665$13,997$11,006$8,597$6,678
22 years$20,872$16,489$12,900$10,007$7,706$5,898
23 years$19,754$15,422$11,911$9,113$6,917$5,216
24 years$18,730$14,449$11,016$8,312$6,217$4,618
25 years$17,789$13,560$10,203$7,591$5,595$4,092
26 years$16,922$12,744$9,463$6,941$5,039$3,629
27 years$16,121$11,994$8,787$6,353$4,543$3,221
28 years$15,379$11,302$8,168$5,821$4,100$2,861
29 years$14,688$10,662$7,601$5,338$3,702$2,543
30 years$14,045$10,069$7,080$4,899$3,345$2,261
31 years$13,445$9,519$6,601$4,499$3,024$2,011
32 years$12,883$9,006$6,159$4,135$2,736$1,790
33 years$12,357$8,529$5,750$3,802$2,476$1,593
34 years$11,862$8,084$5,373$3,498$2,241$1,419
35 years$11,397$7,667$5,023$3,220$2,030$1,264
36 years$10,959$7,277$4,699$2,966$1,839$1,126
37 years$10,545$6,912$4,398$2,733$1,667$1,004
38 years$10,154$6,569$4,119$2,519$1,511$895
39 years$9,784$6,246$3,859$2,322$1,371$798
40 years$9,433$5,943$3,617$2,142$1,243$711
41 years$9,101$5,657$3,392$1,976$1,128$634
42 years$8,785$5,388$3,181$1,824$1,023$566
43 years$8,484$5,133$2,985$1,684$929$505
44 years$8,198$4,893$2,802$1,555$843$450
45 years$7,926$4,666$2,631$1,436$765$402
46 years$7,666$4,451$2,471$1,326$695$358
47 years$7,418$4,248$2,322$1,225$631$320
48 years$7,180$4,055$2,182$1,132$573$285
49 years$6,954$3,872$2,051$1,046$520$255
50 years$6,737$3,699$1,928$967$473$227

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 $4,324 every year, while hoping to spend $45,737 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: 47/25/28 Blend
63$6,900,000$6,900,000$6,900,000$6,900,000
64$7,608,260$7,242,560$7,135,610$7,904,576
65$8,335,639$7,548,782$7,325,989$8,420,409
66$9,135,677$7,868,475$7,521,213$8,975,221
67$10,015,739$8,202,253$7,721,396$9,576,612
68$10,983,935$8,550,754$7,926,654$10,228,985
69$12,049,205$8,914,650$8,137,105$10,937,180
70$13,221,397$9,294,641$8,352,872$11,706,518
71$14,511,363$9,691,462$8,574,076$12,542,845
72$15,931,059$10,105,880$8,800,845$13,452,595
73$17,493,659$10,538,701$9,033,305$14,442,837
74$19,213,680$10,990,765$9,271,589$15,521,349
75$21,107,117$11,462,953$9,515,828$16,696,686
76$23,191,594$11,956,189$9,766,159$17,978,258
77$25,486,531$12,471,437$10,022,720$19,376,415
78$28,013,328$13,009,708$10,285,652$20,902,548
79$30,795,564$13,572,060$10,555,098$22,569,188
80$33,859,221$14,159,601$10,831,204$24,390,125
81$37,232,931$14,773,491$11,114,119$26,380,537
82$40,948,242$15,414,944$11,403,993$28,557,125
83$45,039,917$16,085,230$11,700,981$30,938,273
84$49,546,263$16,785,682$12,005,239$33,544,216
85$54,509,494$17,517,692$12,316,927$36,397,230
86$59,976,124$18,282,721$12,636,206$39,521,836
87$65,997,411$19,082,296$12,963,240$42,945,031
88$72,629,835$19,918,017$13,298,197$46,696,538
89$79,935,639$20,791,560$13,641,247$50,809,082
90$87,983,408$21,704,680$13,992,563$55,318,698
91$96,848,720$22,659,215$14,352,319$60,265,062
92$106,614,861$23,657,088$14,720,693$65,691,868
93$117,373,608$24,700,316$15,097,867$71,647,233
94$129,226,093$25,791,008$15,484,022$78,184,143
95$142,283,763$26,931,377$15,879,346$85,360,955
96$156,669,429$28,123,737$16,284,027$93,241,941
97$172,518,424$29,370,513$16,698,254$101,897,884
98$189,979,881$30,674,245$17,122,224$111,406,751
99$209,218,141$32,037,595$17,556,130$121,854,414
100$230,414,303$33,463,349$18,000,172$133,335,461