Can I retire at age 64 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$396,380$392,849$389,404$386,042$382,759$380,506
2 years$196,227$192,573$189,031$185,597$182,266$179,993
3 years$129,519$125,849$122,316$118,914$115,637$113,415
4 years$96,171$92,512$89,014$85,671$82,473$80,318
5 years$76,168$72,531$69,079$65,803$62,695$60,614
6 years$62,836$59,227$55,826$52,623$49,608$47,604
7 years$53,318$49,738$46,392$43,265$40,345$38,418
8 years$46,182$42,635$39,344$36,294$33,470$31,621
9 years$40,635$37,121$33,887$30,914$28,187$26,414
10 years$36,200$32,721$29,543$26,648$24,016$22,320
11 years$32,574$29,129$26,009$23,192$20,655$19,034
12 years$29,554$26,145$23,083$20,342$17,899$16,352
13 years$27,001$23,627$20,623$17,959$15,608$14,133
14 years$24,814$21,477$18,530$15,942$13,682$12,278
15 years$22,921$19,619$16,730$14,218$12,047$10,711
16 years$21,266$18,000$15,168$12,730$10,647$9,378
17 years$19,807$16,578$13,802$11,438$9,440$8,236
18 years$18,512$15,318$12,600$10,308$8,394$7,252
19 years$17,354$14,197$11,534$9,314$7,482$6,401
20 years$16,314$13,193$10,586$8,436$6,683$5,660
21 years$15,373$12,288$9,737$7,656$5,980$5,014
22 years$14,520$11,471$8,974$6,961$5,361$4,448
23 years$13,742$10,728$8,286$6,340$4,812$3,952
24 years$13,029$10,052$7,663$5,782$4,325$3,514
25 years$12,375$9,433$7,098$5,281$3,892$3,129
26 years$11,772$8,866$6,583$4,828$3,506$2,788
27 years$11,215$8,344$6,113$4,419$3,161$2,486
28 years$10,698$7,862$5,682$4,049$2,852$2,219
29 years$10,218$7,417$5,288$3,713$2,575$1,982
30 years$9,771$7,005$4,926$3,408$2,327$1,770
31 years$9,353$6,622$4,592$3,130$2,104$1,583
32 years$8,962$6,265$4,284$2,876$1,903$1,415
33 years$8,596$5,933$4,000$2,645$1,722$1,266
34 years$8,252$5,624$3,738$2,434$1,559$1,133
35 years$7,928$5,334$3,494$2,240$1,412$1,015
36 years$7,624$5,063$3,269$2,063$1,280$909
37 years$7,336$4,808$3,060$1,901$1,160$814
38 years$7,064$4,570$2,865$1,752$1,051$729
39 years$6,806$4,345$2,684$1,616$953$653
40 years$6,562$4,134$2,516$1,490$865$586
41 years$6,331$3,935$2,359$1,375$785$525
42 years$6,111$3,748$2,213$1,269$712$471
43 years$5,902$3,571$2,077$1,171$646$422
44 years$5,703$3,404$1,949$1,082$586$379
45 years$5,513$3,246$1,830$999$532$339
46 years$5,333$3,096$1,719$923$483$304
47 years$5,160$2,955$1,615$852$439$273
48 years$4,995$2,821$1,518$788$399$245
49 years$4,837$2,694$1,427$728$362$220
50 years$4,686$2,573$1,341$673$329$197

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,800,000, adding $6,187 every year, while hoping to spend $34,575 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: 27/47/26 Blend
63$4,800,000$4,800,000$4,800,000$4,800,000
64$5,295,982$5,041,582$4,967,182$5,395,771
65$5,799,385$5,251,832$5,096,795$5,686,600
66$6,352,975$5,471,225$5,229,591$5,995,235
67$6,961,837$5,700,174$5,365,641$6,325,903
68$7,631,570$5,939,108$5,505,015$6,680,502
69$8,368,344$6,188,477$5,647,787$7,061,108
70$9,178,957$6,448,755$5,794,029$7,469,996
71$10,070,899$6,720,432$5,943,818$7,909,660
72$11,052,423$7,004,026$6,097,229$8,382,829
73$12,132,623$7,300,076$6,254,339$8,892,495
74$13,321,519$7,609,148$6,415,227$9,441,941
75$14,630,149$7,931,832$6,579,973$10,034,764
76$16,070,680$8,268,747$6,748,658$10,674,910
77$17,656,515$8,620,542$6,921,364$11,366,709
78$19,402,425$8,987,893$7,098,174$12,114,912
79$21,324,682$9,371,510$7,279,173$12,924,734
80$23,441,221$9,772,135$7,464,446$13,801,901
81$25,771,802$10,190,546$7,654,082$14,752,697
82$28,338,198$10,627,556$7,848,166$15,784,027
83$31,164,404$11,084,015$8,046,789$16,903,473
84$34,276,858$11,560,816$8,250,041$18,119,365
85$37,704,693$12,058,892$8,458,013$19,440,857
86$41,480,012$12,579,218$8,670,797$20,878,007
87$45,638,191$13,122,818$8,888,487$22,441,870
88$50,218,212$13,690,761$9,111,176$24,144,597
89$55,263,030$14,284,169$9,338,961$25,999,549
90$60,819,980$14,904,215$9,571,938$28,021,413
91$66,941,223$15,552,126$9,810,203$30,226,340
92$73,684,238$16,229,190$10,053,854$32,632,095
93$81,112,362$16,936,753$10,302,990$35,258,213
94$89,295,394$17,676,225$10,557,711$38,126,184
95$98,310,247$18,449,082$10,818,117$41,259,647
96$108,241,676$19,256,871$11,084,308$44,684,612
97$119,183,080$20,101,211$11,356,386$48,429,692
98$131,237,382$20,983,797$11,634,452$52,526,374
99$144,517,997$21,906,406$11,918,608$57,009,309
100$159,149,908$22,870,895$12,208,957$61,916,627