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%14%
1 years$569,796$564,720$559,768$554,935$550,216$541,101
2 years$282,077$276,824$271,732$266,796$262,007$252,851
3 years$186,183$180,907$175,829$170,939$166,228$157,315
4 years$138,246$132,986$127,958$123,152$118,555$109,954
5 years$109,491$104,263$99,301$94,592$90,124$81,860
6 years$90,327$85,138$80,250$75,646$71,312$63,394
7 years$76,644$71,499$66,688$62,193$57,996$50,426
8 years$66,387$61,288$56,557$52,172$48,113$40,891
9 years$58,413$53,362$48,712$44,439$40,518$33,639
10 years$52,037$47,036$42,468$38,307$34,524$27,982
11 years$46,825$41,873$37,389$33,338$29,691$23,481
12 years$42,484$37,583$33,181$29,242$25,730$19,842
13 years$38,814$33,964$29,645$25,817$22,437$16,863
14 years$35,670$30,873$26,637$22,917$19,668$14,398
15 years$32,949$28,203$24,049$20,438$17,317$12,342
16 years$30,570$25,875$21,804$18,300$15,305$10,614
17 years$28,473$23,830$19,841$16,442$13,571$9,153
18 years$26,611$22,020$18,112$14,818$12,066$7,912
19 years$24,947$20,408$16,581$13,389$10,755$6,852
20 years$23,451$18,964$15,217$12,127$9,607$5,945
21 years$22,099$17,665$13,997$11,006$8,597$5,165
22 years$20,872$16,489$12,900$10,007$7,706$4,493
23 years$19,754$15,422$11,911$9,113$6,917$3,913
24 years$18,730$14,449$11,016$8,312$6,217$3,410
25 years$17,789$13,560$10,203$7,591$5,595$2,975
26 years$16,922$12,744$9,463$6,941$5,039$2,597
27 years$16,121$11,994$8,787$6,353$4,543$2,269
28 years$15,379$11,302$8,168$5,821$4,100$1,983
29 years$14,688$10,662$7,601$5,338$3,702$1,734
30 years$14,045$10,069$7,080$4,899$3,345$1,517
31 years$13,445$9,519$6,601$4,499$3,024$1,327
32 years$12,883$9,006$6,159$4,135$2,736$1,162
33 years$12,357$8,529$5,750$3,802$2,476$1,017
34 years$11,862$8,084$5,373$3,498$2,241$891
35 years$11,397$7,667$5,023$3,220$2,030$780
36 years$10,959$7,277$4,699$2,966$1,839$683
37 years$10,545$6,912$4,398$2,733$1,667$599
38 years$10,154$6,569$4,119$2,519$1,511$525
39 years$9,784$6,246$3,859$2,322$1,371$460
40 years$9,433$5,943$3,617$2,142$1,243$403
41 years$9,101$5,657$3,392$1,976$1,128$353
42 years$8,785$5,388$3,181$1,824$1,023$310
43 years$8,484$5,133$2,985$1,684$929$272
44 years$8,198$4,893$2,802$1,555$843$238
45 years$7,926$4,666$2,631$1,436$765$209
46 years$7,666$4,451$2,471$1,326$695$183
47 years$7,418$4,248$2,322$1,225$631$161
48 years$7,180$4,055$2,182$1,132$573$141
49 years$6,954$3,872$2,051$1,046$520$124
50 years$6,737$3,699$1,928$967$473$108

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 $2,531 every year, while hoping to spend $32,587 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: 48/29/23 Blend
63$6,900,000$6,900,000$6,900,000$6,900,000
64$7,606,411$7,240,711$7,133,761$7,921,729
65$8,347,592$7,560,833$7,338,069$8,462,377
66$9,163,282$7,895,550$7,548,130$9,045,678
67$10,061,046$8,245,540$7,764,102$9,678,447
68$11,049,219$8,611,519$7,986,146$10,365,349
69$12,136,988$8,994,231$8,214,430$11,111,509
70$13,334,473$9,394,460$8,449,125$11,922,560
71$14,652,825$9,813,025$8,690,407$12,804,692
72$16,104,334$10,250,784$8,938,456$13,764,709
73$17,702,540$10,708,637$9,193,459$14,810,090
74$19,462,363$11,187,524$9,455,604$15,949,061
75$21,400,245$11,688,433$9,725,087$17,190,664
76$23,534,300$12,212,397$10,002,108$18,544,844
77$25,884,494$12,760,499$10,286,873$20,022,540
78$28,472,822$13,333,874$10,579,594$21,635,782
79$31,323,526$13,933,709$10,880,485$23,397,805
80$34,463,315$14,561,250$11,189,771$25,323,171
81$37,921,623$15,217,802$11,507,679$27,427,899
82$41,730,885$15,904,731$11,834,443$29,729,617
83$45,926,842$16,623,469$12,170,303$32,247,724
84$50,548,877$17,375,516$12,515,505$35,003,568
85$55,640,391$18,162,445$12,870,303$38,020,643
86$61,249,209$18,985,903$13,234,956$41,324,811
87$67,428,031$19,847,615$13,609,730$44,944,537
88$74,234,932$20,749,390$13,994,898$48,911,154
89$81,733,908$21,693,123$14,390,740$53,259,157
90$89,995,481$22,680,800$14,797,544$58,026,522
91$99,097,363$23,714,502$15,215,604$63,255,059
92$109,125,190$24,796,409$15,645,224$68,990,801
93$120,173,332$25,928,806$16,086,712$75,284,436
94$132,345,783$27,114,088$16,540,387$82,191,775
95$145,757,138$28,354,764$17,006,575$89,774,277
96$160,533,683$29,653,464$17,485,612$98,099,622
97$176,814,578$31,012,943$17,977,840$107,242,339
98$194,753,178$32,436,091$18,483,611$117,284,510
99$214,518,476$33,925,933$19,003,286$128,316,531
100$236,296,700$35,485,643$19,537,235$140,437,964