Can I retire at age 64 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$330,316$327,374$324,503$321,702$318,966$308,016
2 years$163,523$160,477$157,526$154,664$151,888$140,969
3 years$107,932$104,874$101,930$99,095$96,364$85,817
4 years$80,143$77,093$74,179$71,392$68,728$58,634
5 years$63,473$60,442$57,566$54,836$52,246$42,632
6 years$52,364$49,356$46,522$43,853$41,340$32,213
7 years$44,431$41,449$38,660$36,054$33,621$24,980
8 years$38,485$35,529$32,787$30,245$27,892$19,730
9 years$33,863$30,935$28,239$25,762$23,489$15,796
10 years$30,167$27,267$24,619$22,207$20,014$12,777
11 years$27,145$24,274$21,675$19,327$17,212$10,417
12 years$24,628$21,787$19,236$16,952$14,916$8,547
13 years$22,501$19,689$17,186$14,966$13,007$7,048
14 years$20,678$17,897$15,441$13,285$11,402$5,835
15 years$19,101$16,349$13,942$11,848$10,039$4,846
16 years$17,722$15,000$12,640$10,609$8,873$4,036
17 years$16,506$13,815$11,502$9,532$7,867$3,369
18 years$15,426$12,765$10,500$8,590$6,995$2,817
19 years$14,462$11,831$9,612$7,762$6,235$2,359
20 years$13,595$10,994$8,821$7,030$5,569$1,978
21 years$12,811$10,240$8,114$6,380$4,984$1,660
22 years$12,100$9,559$7,478$5,801$4,467$1,395
23 years$11,451$8,940$6,905$5,283$4,010$1,172
24 years$10,858$8,376$6,386$4,818$3,604$986
25 years$10,313$7,861$5,915$4,400$3,243$830
26 years$9,810$7,388$5,486$4,024$2,921$699
27 years$9,346$6,953$5,094$3,683$2,634$589
28 years$8,915$6,552$4,735$3,374$2,377$496
29 years$8,515$6,181$4,407$3,094$2,146$418
30 years$8,142$5,837$4,105$2,840$1,939$352
31 years$7,794$5,518$3,827$2,608$1,753$297
32 years$7,469$5,221$3,570$2,397$1,586$250
33 years$7,163$4,945$3,334$2,204$1,435$211
34 years$6,877$4,686$3,115$2,028$1,299$178
35 years$6,607$4,445$2,912$1,867$1,177$150
36 years$6,353$4,219$2,724$1,719$1,066$127
37 years$6,113$4,007$2,550$1,584$966$107
38 years$5,886$3,808$2,388$1,460$876$90
39 years$5,672$3,621$2,237$1,346$795$76
40 years$5,469$3,445$2,097$1,242$721$64
41 years$5,276$3,279$1,966$1,146$654$54
42 years$5,093$3,123$1,844$1,057$593$46
43 years$4,918$2,976$1,731$976$538$39
44 years$4,753$2,837$1,624$901$489$33
45 years$4,595$2,705$1,525$832$444$27
46 years$4,444$2,580$1,433$769$403$23
47 years$4,300$2,462$1,346$710$366$20
48 years$4,163$2,351$1,265$656$332$16
49 years$4,031$2,245$1,189$607$302$14
50 years$3,905$2,144$1,118$561$274$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,000,000, adding $6,217 every year, while hoping to spend $56,247 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: 78/8/14 Blend
63$4,000,000$4,000,000$4,000,000$4,000,000
64$4,414,413$4,202,413$4,140,413$4,745,630
65$4,804,837$4,348,485$4,219,270$5,110,733
66$5,233,198$4,499,829$4,298,884$5,503,322
67$5,703,309$4,656,644$4,379,221$5,932,365
68$6,219,364$4,819,138$4,460,243$6,401,482
69$6,785,988$4,987,525$4,541,910$6,914,660
70$7,408,274$5,162,029$4,624,179$7,476,288
71$8,091,832$5,342,882$4,707,003$8,091,202
72$8,842,842$5,530,326$4,790,330$8,764,727
73$9,668,112$5,724,613$4,874,107$9,502,729
74$10,575,144$5,926,003$4,958,274$10,311,669
75$11,572,201$6,134,770$5,042,769$11,198,665
76$12,668,388$6,351,195$5,127,523$12,171,555
77$13,873,733$6,575,574$5,212,466$13,238,976
78$15,199,289$6,808,212$5,297,518$14,410,441
79$16,657,231$7,049,429$5,382,599$15,696,431
80$18,260,972$7,299,554$5,467,620$17,108,492
81$20,025,293$7,558,934$5,552,487$18,659,343
82$21,966,478$7,827,927$5,637,101$20,362,998
83$24,102,470$8,106,907$5,721,355$22,234,895
84$26,453,039$8,396,263$5,805,137$24,292,046
85$29,039,968$8,696,398$5,888,328$26,553,190
86$31,887,258$9,007,735$5,970,800$29,038,976
87$35,021,356$9,330,712$6,052,420$31,772,154
88$38,471,402$9,665,784$6,133,043$34,777,789
89$42,269,505$10,013,428$6,212,521$38,083,500
90$46,451,047$10,374,139$6,290,693$41,719,718
91$51,055,013$10,748,430$6,367,390$45,719,971
92$56,124,361$11,136,840$6,442,434$50,121,206
93$61,706,427$11,539,927$6,515,637$54,964,129
94$67,853,371$11,958,272$6,586,800$60,293,597
95$74,622,670$12,392,482$6,655,712$66,159,034
96$82,077,657$12,843,189$6,722,154$72,614,901
97$90,288,123$13,311,049$6,785,890$79,721,208
98$99,330,970$13,796,749$6,846,676$87,544,081
99$109,290,941$14,301,002$6,904,252$96,156,384
100$120,261,418$14,824,552$6,958,346$105,638,408