Can I retire at age 65 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$528,506$523,798$519,205$514,722$510,345$489,903
2 years$261,637$256,764$252,041$247,463$243,021$222,683
3 years$172,692$167,798$163,088$158,552$154,183$134,589
4 years$128,228$123,349$118,686$114,228$109,964$91,264
5 years$101,557$96,707$92,105$87,738$83,593$65,833
6 years$83,782$78,969$74,435$70,165$66,144$49,336
7 years$71,090$66,318$61,856$57,686$53,793$37,930
8 years$61,576$56,847$52,458$48,392$44,627$29,693
9 years$54,180$49,495$45,182$41,219$37,582$23,554
10 years$48,267$43,628$39,391$35,531$32,022$18,872
11 years$43,432$38,839$34,679$30,923$27,540$15,238
12 years$39,405$34,860$30,777$27,123$23,865$12,377
13 years$36,001$31,503$27,497$23,946$20,811$10,102
14 years$33,086$28,636$24,706$21,256$18,243$8,276
15 years$30,561$26,159$22,306$18,957$16,062$6,801
16 years$28,354$24,000$20,224$16,974$14,196$5,603
17 years$26,409$22,104$18,403$15,251$12,587$4,625
18 years$24,682$20,425$16,800$13,744$11,192$3,824
19 years$23,139$18,929$15,379$12,419$9,976$3,166
20 years$21,752$17,590$14,114$11,248$8,910$2,624
21 years$20,498$16,384$12,982$10,208$7,974$2,177
22 years$19,360$15,294$11,965$9,282$7,147$1,808
23 years$18,322$14,304$11,048$8,453$6,416$1,502
24 years$17,373$13,402$10,217$7,709$5,767$1,248
25 years$16,500$12,577$9,463$7,041$5,189$1,038
26 years$15,696$11,821$8,777$6,438$4,674$863
27 years$14,953$11,125$8,150$5,893$4,214$718
28 years$14,264$10,483$7,577$5,399$3,803$598
29 years$13,624$9,889$7,051$4,951$3,434$498
30 years$13,028$9,339$6,567$4,544$3,103$415
31 years$12,471$8,829$6,123$4,173$2,805$345
32 years$11,950$8,354$5,712$3,835$2,537$287
33 years$11,461$7,911$5,334$3,527$2,296$239
34 years$11,003$7,498$4,984$3,245$2,079$199
35 years$10,571$7,112$4,659$2,987$1,883$166
36 years$10,165$6,750$4,359$2,751$1,706$138
37 years$9,781$6,411$4,080$2,535$1,546$115
38 years$9,418$6,093$3,820$2,336$1,402$96
39 years$9,075$5,794$3,579$2,154$1,271$80
40 years$8,750$5,512$3,355$1,987$1,153$67
41 years$8,441$5,247$3,146$1,833$1,046$56
42 years$8,148$4,997$2,951$1,692$949$46
43 years$7,869$4,761$2,769$1,562$861$39
44 years$7,604$4,538$2,599$1,442$782$32
45 years$7,351$4,328$2,441$1,332$710$27
46 years$7,110$4,129$2,292$1,230$645$22
47 years$6,880$3,940$2,153$1,137$585$19
48 years$6,660$3,761$2,024$1,050$532$16
49 years$6,450$3,592$1,902$971$483$13
50 years$6,249$3,431$1,788$897$438$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,400,000, adding $6,473 every year, while hoping to spend $23,732 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: 54/32/14 Blend
64$6,400,000$6,400,000$6,400,000$6,400,000
65$7,059,477$6,720,277$6,621,077$7,414,316
66$7,754,293$7,024,320$6,817,632$7,960,697
67$8,519,185$7,342,465$7,019,977$8,552,001
68$9,361,275$7,675,380$7,228,280$9,195,066
69$10,288,412$8,023,761$7,442,714$9,894,822
70$11,309,245$8,388,339$7,663,459$10,656,686
71$12,433,301$8,769,881$7,890,699$11,486,613
72$13,671,083$9,169,191$8,124,622$12,391,148
73$15,034,160$9,587,108$8,365,424$13,377,489
74$16,535,283$10,024,515$8,613,305$14,453,546
75$18,188,502$10,482,335$8,868,470$15,628,021
76$20,009,296$10,961,537$9,131,131$16,910,482
77$22,014,728$11,463,136$9,401,507$18,311,454
78$24,223,594$11,988,194$9,679,822$19,842,511
79$26,656,611$12,537,826$9,966,306$21,516,390
80$29,336,606$13,113,199$10,261,198$23,347,100
81$32,288,732$13,715,538$10,564,740$25,350,056
82$35,540,708$14,346,125$10,877,184$27,542,221
83$39,123,079$15,006,304$11,198,789$29,942,259
84$43,069,505$15,697,485$11,529,820$32,570,712
85$47,417,076$16,421,143$11,870,550$35,450,187
86$52,206,665$17,178,827$12,221,261$38,605,568
87$57,483,314$17,972,158$12,582,242$42,064,243
88$63,296,655$18,802,837$12,953,790$45,856,363
89$69,701,383$19,672,645$13,336,212$50,015,117
90$76,757,770$20,583,451$13,729,821$54,577,045
91$84,532,235$21,537,212$14,134,942$59,582,375
92$93,097,967$22,535,980$14,551,907$65,075,399
93$102,535,623$23,581,906$14,981,059$71,104,884
94$112,934,082$24,677,245$15,422,751$77,724,529
95$124,391,289$25,824,360$15,877,343$84,993,465
96$137,015,175$27,025,729$16,345,209$92,976,806
97$150,924,681$28,283,948$16,826,732$101,746,258
98$166,250,877$29,601,739$17,322,305$111,380,788
99$183,138,198$30,981,956$17,832,334$121,967,364
100$201,745,813$32,427,591$18,357,236$133,601,769