Can I retire at age 64 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$412,895$409,217$405,629$402,127$398,707$389,860
2 years$204,404$200,597$196,907$193,330$189,860$180,994
3 years$134,915$131,092$127,412$123,869$120,455$111,845
4 years$100,178$96,367$92,723$89,240$85,910$77,623
5 years$79,341$75,553$71,957$68,545$65,307$57,366
6 years$65,455$61,694$58,152$54,816$51,675$44,089
7 years$55,539$51,811$48,325$45,067$42,026$34,796
8 years$48,106$44,411$40,983$37,806$34,865$27,988
9 years$42,328$38,668$35,299$32,202$29,361$22,832
10 years$37,708$34,084$30,774$27,759$25,017$18,830
11 years$33,931$30,343$27,093$24,158$21,515$15,661
12 years$30,785$27,234$24,044$21,190$18,645$13,115
13 years$28,126$24,612$21,482$18,708$16,259$11,043
14 years$25,848$22,371$19,302$16,607$14,252$9,340
15 years$23,876$20,437$17,427$14,810$12,549$7,929
16 years$22,152$18,750$15,800$13,261$11,091$6,752
17 years$20,632$17,268$14,377$11,915$9,834$5,764
18 years$19,283$15,957$13,125$10,738$8,744$4,932
19 years$18,077$14,789$12,015$9,702$7,793$4,227
20 years$16,993$13,742$11,027$8,787$6,961$3,629
21 years$16,014$12,800$10,143$7,975$6,230$3,120
22 years$15,125$11,949$9,348$7,251$5,584$2,685
23 years$14,314$11,175$8,631$6,604$5,012$2,313
24 years$13,572$10,471$7,982$6,023$4,505$1,994
25 years$12,891$9,826$7,393$5,501$4,054$1,720
26 years$12,263$9,235$6,857$5,029$3,652$1,485
27 years$11,682$8,691$6,367$4,604$3,292$1,282
28 years$11,144$8,190$5,919$4,218$2,971$1,108
29 years$10,644$7,726$5,508$3,868$2,683$958
30 years$10,178$7,296$5,131$3,550$2,424$828
31 years$9,743$6,898$4,783$3,260$2,191$716
32 years$9,336$6,526$4,463$2,996$1,982$620
33 years$8,954$6,181$4,167$2,755$1,794$536
34 years$8,596$5,858$3,893$2,535$1,624$464
35 years$8,259$5,556$3,640$2,334$1,471$402
36 years$7,941$5,274$3,405$2,149$1,333$348
37 years$7,641$5,009$3,187$1,980$1,208$301
38 years$7,358$4,760$2,985$1,825$1,095$261
39 years$7,090$4,526$2,796$1,683$993$226
40 years$6,836$4,306$2,621$1,552$901$196
41 years$6,595$4,099$2,458$1,432$817$170
42 years$6,366$3,904$2,305$1,322$742$147
43 years$6,148$3,720$2,163$1,220$673$127
44 years$5,941$3,546$2,031$1,127$611$110
45 years$5,743$3,381$1,907$1,040$555$95
46 years$5,555$3,225$1,791$961$504$83
47 years$5,375$3,078$1,682$888$457$72
48 years$5,203$2,938$1,581$820$415$62
49 years$5,039$2,806$1,486$758$377$54
50 years$4,882$2,680$1,397$701$343$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,000,000, adding $3,961 every year, while hoping to spend $39,892 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: 47/25/28 Blend
63$5,000,000$5,000,000$5,000,000$5,000,000
64$5,514,086$5,249,086$5,171,586$5,728,808
65$6,034,078$5,463,846$5,302,389$6,095,542
66$6,605,772$5,687,793$5,436,237$6,489,201
67$7,234,400$5,921,334$5,573,190$6,915,766
68$7,925,725$6,164,896$5,713,309$7,378,352
69$8,686,098$6,418,925$5,856,654$7,880,382
70$9,522,516$6,683,888$6,003,287$8,425,621
71$10,442,686$6,960,272$6,153,272$9,018,207
72$11,455,104$7,248,589$6,306,670$9,662,692
73$12,569,127$7,549,373$6,463,546$10,364,082
74$13,795,068$7,863,181$6,623,964$11,127,883
75$15,144,286$8,190,599$6,787,988$11,960,151
76$16,629,302$8,532,236$6,955,684$12,867,549
77$18,263,908$8,888,734$7,127,118$13,857,409
78$20,063,305$9,260,760$7,302,354$14,937,797
79$22,044,239$9,649,014$7,481,460$16,117,590
80$24,225,164$10,054,229$7,664,502$17,406,559
81$26,626,415$10,477,170$7,851,547$18,815,454
82$29,270,398$10,918,640$8,042,662$20,356,111
83$32,181,801$11,379,476$8,237,914$22,041,557
84$35,387,831$11,860,556$8,437,370$23,886,133
85$38,918,466$12,362,799$8,641,098$25,905,626
86$42,806,739$12,887,167$8,849,164$28,117,417
87$47,089,052$13,434,663$9,061,637$30,540,643
88$51,805,516$14,006,342$9,278,582$33,196,374
89$57,000,330$14,603,305$9,500,066$36,107,813
90$62,722,201$15,226,704$9,726,156$39,300,507
91$69,024,800$15,877,747$9,956,916$42,802,590
92$75,967,269$16,557,696$10,192,413$46,645,045
93$83,614,781$17,267,874$10,432,709$50,861,994
94$92,039,153$18,009,664$10,677,870$55,491,014
95$101,319,525$18,784,515$10,927,956$60,573,493
96$111,543,104$19,593,944$11,183,030$66,155,016
97$122,805,992$20,439,539$11,443,153$72,285,791
98$135,214,087$21,322,960$11,708,383$79,021,120
99$148,884,087$22,245,948$11,978,777$86,421,919
100$163,944,590$23,210,325$12,254,391$94,555,287