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%14.4%
1 years$528,506$523,798$519,205$514,722$510,345$501,066
2 years$261,637$256,764$252,041$247,463$243,021$233,706
3 years$172,692$167,798$163,088$158,552$154,183$145,121
4 years$128,228$123,349$118,686$114,228$109,964$101,227
5 years$101,557$96,707$92,105$87,738$83,593$75,204
6 years$83,782$78,969$74,435$70,165$66,144$58,114
7 years$71,090$66,318$61,856$57,686$53,793$46,123
8 years$61,576$56,847$52,458$48,392$44,627$37,315
9 years$54,180$49,495$45,182$41,219$37,582$30,624
10 years$48,267$43,628$39,391$35,531$32,022$25,412
11 years$43,432$38,839$34,679$30,923$27,540$21,270
12 years$39,405$34,860$30,777$27,123$23,865$17,928
13 years$36,001$31,503$27,497$23,946$20,811$15,196
14 years$33,086$28,636$24,706$21,256$18,243$12,940
15 years$30,561$26,159$22,306$18,957$16,062$11,061
16 years$28,354$24,000$20,224$16,974$14,196$9,486
17 years$26,409$22,104$18,403$15,251$12,587$8,157
18 years$24,682$20,425$16,800$13,744$11,192$7,030
19 years$23,139$18,929$15,379$12,419$9,976$6,071
20 years$21,752$17,590$14,114$11,248$8,910$5,251
21 years$20,498$16,384$12,982$10,208$7,974$4,548
22 years$19,360$15,294$11,965$9,282$7,147$3,945
23 years$18,322$14,304$11,048$8,453$6,416$3,424
24 years$17,373$13,402$10,217$7,709$5,767$2,976
25 years$16,500$12,577$9,463$7,041$5,189$2,588
26 years$15,696$11,821$8,777$6,438$4,674$2,252
27 years$14,953$11,125$8,150$5,893$4,214$1,961
28 years$14,264$10,483$7,577$5,399$3,803$1,708
29 years$13,624$9,889$7,051$4,951$3,434$1,489
30 years$13,028$9,339$6,567$4,544$3,103$1,298
31 years$12,471$8,829$6,123$4,173$2,805$1,132
32 years$11,950$8,354$5,712$3,835$2,537$987
33 years$11,461$7,911$5,334$3,527$2,296$862
34 years$11,003$7,498$4,984$3,245$2,079$752
35 years$10,571$7,112$4,659$2,987$1,883$657
36 years$10,165$6,750$4,359$2,751$1,706$573
37 years$9,781$6,411$4,080$2,535$1,546$501
38 years$9,418$6,093$3,820$2,336$1,402$437
39 years$9,075$5,794$3,579$2,154$1,271$382
40 years$8,750$5,512$3,355$1,987$1,153$334
41 years$8,441$5,247$3,146$1,833$1,046$291
42 years$8,148$4,997$2,951$1,692$949$255
43 years$7,869$4,761$2,769$1,562$861$222
44 years$7,604$4,538$2,599$1,442$782$194
45 years$7,351$4,328$2,441$1,332$710$170
46 years$7,110$4,129$2,292$1,230$645$148
47 years$6,880$3,940$2,153$1,137$585$130
48 years$6,660$3,761$2,024$1,050$532$113
49 years$6,450$3,592$1,902$971$483$99
50 years$6,249$3,431$1,788$897$438$87

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 $3,976 every year, while hoping to spend $30,922 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: 60/30/10 Blend
64$6,400,000$6,400,000$6,400,000$6,400,000
65$7,056,901$6,717,701$6,618,501$7,463,781
66$7,743,804$7,013,968$6,807,320$8,033,643
67$8,499,735$7,323,715$7,001,428$8,651,085
68$9,331,702$7,647,571$7,200,970$9,323,807
69$10,247,427$7,986,193$7,406,094$10,057,135
70$11,255,418$8,340,270$7,616,952$10,856,929
71$12,365,051$8,710,524$7,833,700$11,729,631
72$13,586,657$9,097,710$8,056,499$12,682,327
73$14,931,618$9,502,620$8,285,514$13,722,807
74$16,412,477$9,926,082$8,520,913$14,859,646
75$18,043,056$10,368,966$8,762,869$16,102,271
76$19,838,583$10,832,182$9,011,561$17,461,059
77$21,815,841$11,316,681$9,267,171$18,947,424
78$23,993,322$11,823,464$9,529,887$20,573,925
79$26,391,402$12,353,575$9,799,899$22,354,387
80$29,032,536$12,908,110$10,077,406$24,304,020
81$31,941,465$13,488,218$10,362,610$26,439,566
82$35,145,455$14,095,101$10,655,717$28,779,454
83$38,674,549$14,730,019$10,956,942$31,343,966
84$42,561,855$15,394,292$11,266,501$34,155,432
85$46,843,855$16,089,303$11,584,620$37,238,431
86$51,560,751$16,816,501$11,911,528$40,620,026
87$56,756,843$17,577,406$12,247,459$44,330,010
88$62,480,949$18,373,606$12,592,657$48,401,187
89$68,786,863$19,206,770$12,947,368$52,869,676
90$75,733,865$20,078,644$13,311,847$57,775,249
91$83,387,280$20,991,059$13,686,355$63,161,702
92$91,819,093$21,945,931$14,071,158$69,077,263
93$101,108,630$22,945,271$14,466,531$75,575,043
94$111,343,305$23,991,184$14,872,755$82,713,532
95$122,619,448$25,085,877$15,290,117$90,557,147
96$135,043,209$26,231,663$15,718,914$99,176,835
97$148,731,566$27,430,964$16,159,447$108,650,734
98$163,813,425$28,686,320$16,612,028$119,064,909
99$180,430,837$30,000,393$17,076,974$130,514,154
100$198,740,342$31,375,971$17,554,612$143,102,886