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

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$528,506$523,798$519,205$514,722$510,345$495,997
2 years$261,637$256,764$252,041$247,463$243,021$228,675
3 years$172,692$167,798$163,088$158,552$154,183$140,288
4 years$128,228$123,349$118,686$114,228$109,964$96,628
5 years$101,557$96,707$92,105$87,738$83,593$70,851
6 years$83,782$78,969$74,435$70,165$66,144$54,009
7 years$71,090$66,318$61,856$57,686$53,793$42,264
8 years$61,576$56,847$52,458$48,392$44,627$33,698
9 years$54,180$49,495$45,182$41,219$37,582$27,243
10 years$48,267$43,628$39,391$35,531$32,022$22,259
11 years$43,432$38,839$34,679$30,923$27,540$18,337
12 years$39,405$34,860$30,777$27,123$23,865$15,205
13 years$36,001$31,503$27,497$23,946$20,811$12,674
14 years$33,086$28,636$24,706$21,256$18,243$10,610
15 years$30,561$26,159$22,306$18,957$16,062$8,913
16 years$28,354$24,000$20,224$16,974$14,196$7,509
17 years$26,409$22,104$18,403$15,251$12,587$6,341
18 years$24,682$20,425$16,800$13,744$11,192$5,366
19 years$23,139$18,929$15,379$12,419$9,976$4,548
20 years$21,752$17,590$14,114$11,248$8,910$3,860
21 years$20,498$16,384$12,982$10,208$7,974$3,280
22 years$19,360$15,294$11,965$9,282$7,147$2,790
23 years$18,322$14,304$11,048$8,453$6,416$2,376
24 years$17,373$13,402$10,217$7,709$5,767$2,024
25 years$16,500$12,577$9,463$7,041$5,189$1,725
26 years$15,696$11,821$8,777$6,438$4,674$1,471
27 years$14,953$11,125$8,150$5,893$4,214$1,256
28 years$14,264$10,483$7,577$5,399$3,803$1,072
29 years$13,624$9,889$7,051$4,951$3,434$915
30 years$13,028$9,339$6,567$4,544$3,103$782
31 years$12,471$8,829$6,123$4,173$2,805$668
32 years$11,950$8,354$5,712$3,835$2,537$570
33 years$11,461$7,911$5,334$3,527$2,296$488
34 years$11,003$7,498$4,984$3,245$2,079$417
35 years$10,571$7,112$4,659$2,987$1,883$356
36 years$10,165$6,750$4,359$2,751$1,706$305
37 years$9,781$6,411$4,080$2,535$1,546$260
38 years$9,418$6,093$3,820$2,336$1,402$223
39 years$9,075$5,794$3,579$2,154$1,271$190
40 years$8,750$5,512$3,355$1,987$1,153$163
41 years$8,441$5,247$3,146$1,833$1,046$139
42 years$8,148$4,997$2,951$1,692$949$119
43 years$7,869$4,761$2,769$1,562$861$102
44 years$7,604$4,538$2,599$1,442$782$87
45 years$7,351$4,328$2,441$1,332$710$74
46 years$7,110$4,129$2,292$1,230$645$64
47 years$6,880$3,940$2,153$1,137$585$54
48 years$6,660$3,761$2,024$1,050$532$47
49 years$6,450$3,592$1,902$971$483$40
50 years$6,249$3,431$1,788$897$438$34

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 $6,699 every year, while hoping to spend $52,527 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: 54/41/5 Blend
64$6,400,000$6,400,000$6,400,000$6,400,000
65$7,059,710$6,720,510$6,621,310$7,433,142
66$7,723,912$6,993,927$6,787,236$7,959,389
67$8,454,102$7,278,980$6,956,959$8,525,415
68$9,256,956$7,576,186$7,130,553$9,140,112
69$10,139,828$7,886,081$7,308,088$9,808,092
70$11,110,820$8,209,229$7,489,639$10,534,423
71$12,178,861$8,546,218$7,675,279$11,324,674
72$13,353,786$8,897,664$7,865,082$12,184,968
73$14,646,432$9,264,210$8,059,123$13,122,034
74$16,068,742$9,646,530$8,257,477$14,143,272
75$17,633,871$10,045,327$8,460,219$15,256,818
76$19,356,315$10,461,337$8,667,426$16,471,618
77$21,252,048$10,895,332$8,879,174$17,797,515
78$23,338,670$11,348,116$9,095,540$19,245,330
79$25,635,573$11,820,532$9,316,599$20,826,972
80$28,164,126$12,313,462$9,542,429$22,555,540
81$30,947,873$12,827,828$9,773,106$24,445,445
82$34,012,759$13,364,595$10,008,708$26,512,545
83$37,387,371$13,924,771$10,249,312$28,774,291
84$41,103,212$14,509,414$10,494,992$31,249,887
85$45,194,992$15,119,627$10,745,826$33,960,469
86$49,700,959$15,756,567$11,001,890$36,929,297
87$54,663,262$16,421,444$11,263,258$40,181,979
88$60,128,343$17,115,523$11,530,006$43,746,699
89$66,147,379$17,840,129$11,802,206$47,654,487
90$72,776,764$18,596,648$12,079,932$51,939,500
91$80,078,641$19,386,530$12,363,257$56,639,347
92$88,121,486$20,211,294$12,652,250$61,795,434
93$96,980,759$21,072,528$12,946,981$67,453,351
94$106,739,610$21,971,896$13,247,519$73,663,300
95$117,489,668$22,911,137$13,553,929$80,480,559
96$129,331,905$23,892,074$13,866,276$87,966,002
97$142,377,587$24,916,612$14,184,624$96,186,663
98$156,749,323$25,986,749$14,509,031$105,216,369
99$172,582,227$27,104,572$14,839,557$115,136,423
100$190,025,188$28,272,270$15,176,256$126,036,371