Can I retire at age 64 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$346,832$343,743$340,729$337,787$334,914$332,803
2 years$171,699$168,501$165,402$162,397$159,483$157,354
3 years$113,329$110,117$107,026$104,050$101,182$99,101
4 years$84,150$80,948$77,888$74,962$72,164$70,146
5 years$66,647$63,464$60,444$57,578$54,858$52,910
6 years$54,982$51,823$48,848$46,046$43,407$41,531
7 years$46,653$43,521$40,593$37,857$35,302$33,498
8 years$40,409$37,306$34,426$31,757$29,286$27,556
9 years$35,556$32,481$29,651$27,050$24,663$23,005
10 years$31,675$28,631$25,850$23,317$21,014$19,428
11 years$28,502$25,488$22,758$20,293$18,073$16,557
12 years$25,860$22,877$20,197$17,800$15,662$14,215
13 years$23,626$20,674$18,045$15,714$13,657$12,279
14 years$21,712$18,792$16,214$13,950$11,972$10,660
15 years$20,056$17,167$14,639$12,441$10,541$9,293
16 years$18,608$15,750$13,272$11,139$9,316$8,131
17 years$17,331$14,505$12,077$10,008$8,260$7,136
18 years$16,198$13,404$11,025$9,020$7,345$6,279
19 years$15,185$12,422$10,093$8,150$6,547$5,538
20 years$14,274$11,543$9,263$7,381$5,847$4,894
21 years$13,452$10,752$8,520$6,699$5,233$4,332
22 years$12,705$10,037$7,852$6,091$4,690$3,840
23 years$12,024$9,387$7,250$5,547$4,210$3,409
24 years$11,401$8,795$6,705$5,059$3,784$3,030
25 years$10,828$8,254$6,210$4,621$3,405$2,695
26 years$10,301$7,757$5,760$4,225$3,067$2,400
27 years$9,813$7,301$5,348$3,867$2,766$2,138
28 years$9,361$6,879$4,972$3,543$2,495$1,907
29 years$8,941$6,490$4,627$3,249$2,253$1,701
30 years$8,549$6,129$4,310$2,982$2,036$1,519
31 years$8,184$5,794$4,018$2,739$1,841$1,357
32 years$7,842$5,482$3,749$2,517$1,665$1,212
33 years$7,522$5,192$3,500$2,314$1,507$1,084
34 years$7,221$4,921$3,270$2,129$1,364$969
35 years$6,937$4,667$3,058$1,960$1,236$867
36 years$6,671$4,430$2,860$1,805$1,120$776
37 years$6,419$4,207$2,677$1,663$1,015$694
38 years$6,181$3,998$2,507$1,533$920$621
39 years$5,956$3,802$2,349$1,414$834$556
40 years$5,742$3,617$2,202$1,304$757$498
41 years$5,540$3,443$2,064$1,203$687$446
42 years$5,347$3,279$1,937$1,110$623$400
43 years$5,164$3,125$1,817$1,025$565$358
44 years$4,990$2,978$1,706$946$513$321
45 years$4,824$2,840$1,602$874$466$288
46 years$4,666$2,709$1,504$807$423$258
47 years$4,515$2,586$1,413$746$384$231
48 years$4,371$2,468$1,328$689$349$207
49 years$4,233$2,357$1,248$637$317$186
50 years$4,101$2,252$1,174$589$288$166

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,200,000, adding $4,898 every year, while hoping to spend $23,550 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: 67/14/19 Blend
63$4,200,000$4,200,000$4,200,000$4,200,000
64$4,633,452$4,410,852$4,345,752$4,921,782
65$5,081,007$4,601,927$4,466,278$5,306,414
66$5,573,424$4,801,575$4,590,052$5,723,675
67$6,115,253$5,010,192$4,717,158$6,179,392
68$6,711,508$5,228,191$4,847,683$6,677,345
69$7,367,715$5,456,006$4,981,714$7,221,696
70$8,089,962$5,694,090$5,119,341$7,817,023
71$8,884,957$5,942,919$5,260,657$8,468,367
72$9,760,090$6,202,989$5,405,757$9,181,276
73$10,723,506$6,474,822$5,554,736$9,961,861
74$11,784,179$6,758,964$5,707,695$10,816,845
75$12,951,997$7,055,985$5,864,735$11,753,635
76$14,237,856$7,366,484$6,025,959$12,780,382
77$15,653,762$7,691,087$6,191,474$13,906,066
78$17,212,946$8,030,450$6,361,388$15,140,571
79$18,929,986$8,385,261$6,535,814$16,494,785
80$20,820,945$8,756,240$6,714,864$17,980,696
81$22,903,525$9,144,139$6,898,656$19,611,508
82$25,197,231$9,549,749$7,087,308$21,401,762
83$27,723,559$9,973,897$7,280,943$23,367,473
84$30,506,193$10,417,448$7,479,685$25,526,281
85$33,571,232$10,881,311$7,683,662$27,897,615
86$36,947,438$11,366,435$7,893,005$30,502,876
87$40,666,503$11,873,817$8,107,846$33,365,635
88$44,763,350$12,404,498$8,328,324$36,511,859
89$49,276,466$12,959,572$8,554,577$39,970,150
90$54,248,258$13,540,184$8,786,747$43,772,017
91$59,725,459$14,147,531$9,024,982$47,952,170
92$65,759,566$14,782,871$9,269,429$52,548,844
93$72,407,329$15,447,519$9,520,242$57,604,163
94$79,731,283$16,142,853$9,777,577$63,164,532
95$87,800,339$16,870,319$10,041,591$69,281,077
96$96,690,439$17,631,429$10,312,449$76,010,120
97$106,485,264$18,427,770$10,590,317$83,413,713
98$117,277,031$19,261,001$10,875,363$91,560,222
99$129,167,363$20,132,865$11,167,762$100,524,968
100$142,268,243$21,045,184$11,467,691$110,390,935