Can I retire at age 64 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$421,153$417,402$413,742$410,169$406,681$403,442
2 years$208,492$204,609$200,846$197,197$193,658$190,393
3 years$137,614$133,714$129,960$126,346$122,864$119,675
4 years$102,182$98,294$94,578$91,025$87,628$84,538
5 years$80,928$77,064$73,396$69,916$66,613$63,632
6 years$66,764$62,928$59,315$55,912$52,709$49,840
7 years$56,650$52,847$49,291$45,969$42,866$40,112
8 years$49,068$45,300$41,803$38,562$35,562$32,921
9 years$43,175$39,442$36,005$32,846$29,948$27,420
10 years$38,462$34,766$31,390$28,314$25,517$23,101
11 years$34,610$30,950$27,635$24,641$21,946$19,640
12 years$31,401$27,779$24,525$21,614$19,018$16,819
13 years$28,688$25,104$21,912$19,082$16,584$14,491
14 years$26,365$22,819$19,688$16,939$14,537$12,547
15 years$24,353$20,846$17,775$15,106$12,800$10,910
16 years$22,595$19,125$16,116$13,526$11,312$9,519
17 years$21,045$17,614$14,665$12,153$10,030$8,331
18 years$19,669$16,276$13,387$10,952$8,919$7,310
19 years$18,439$15,084$12,255$9,896$7,949$6,429
20 years$17,333$14,017$11,247$8,963$7,101$5,665
21 years$16,334$13,056$10,345$8,135$6,354$4,999
22 years$15,427$12,188$9,535$7,396$5,696$4,419
23 years$14,601$11,399$8,804$6,736$5,113$3,911
24 years$13,844$10,680$8,142$6,144$4,595$3,465
25 years$13,149$10,023$7,541$5,611$4,135$3,073
26 years$12,508$9,420$6,994$5,130$3,725$2,727
27 years$11,916$8,865$6,495$4,696$3,358$2,423
28 years$11,367$8,353$6,038$4,302$3,030$2,153
29 years$10,857$7,881$5,618$3,945$2,736$1,915
30 years$10,381$7,442$5,233$3,621$2,472$1,704
31 years$9,938$7,035$4,879$3,325$2,235$1,517
32 years$9,523$6,657$4,552$3,056$2,022$1,352
33 years$9,133$6,304$4,250$2,810$1,830$1,204
34 years$8,768$5,975$3,971$2,586$1,657$1,073
35 years$8,424$5,667$3,713$2,380$1,501$957
36 years$8,100$5,379$3,473$2,192$1,360$853
37 years$7,794$5,109$3,251$2,020$1,232$761
38 years$7,505$4,855$3,044$1,862$1,117$679
39 years$7,232$4,617$2,852$1,717$1,013$606
40 years$6,973$4,393$2,673$1,583$919$541
41 years$6,727$4,181$2,507$1,461$834$483
42 years$6,493$3,982$2,351$1,348$756$431
43 years$6,271$3,794$2,207$1,245$686$385
44 years$6,060$3,617$2,071$1,149$623$343
45 years$5,858$3,449$1,945$1,061$566$307
46 years$5,666$3,290$1,827$980$514$274
47 years$5,483$3,140$1,716$906$466$245
48 years$5,307$2,997$1,613$837$424$219
49 years$5,140$2,862$1,516$773$385$195
50 years$4,979$2,734$1,425$715$349$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,100,000, adding $3,946 every year, while hoping to spend $32,898 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: 56/18/26 Blend
63$5,100,000$5,100,000$5,100,000$5,100,000
64$5,624,270$5,353,970$5,274,920$5,898,906
65$6,162,943$5,581,312$5,416,627$6,315,253
66$6,755,457$5,818,690$5,561,978$6,764,867
67$7,407,270$6,066,563$5,711,061$7,254,063
68$8,124,396$6,325,408$5,863,965$7,786,665
69$8,913,458$6,595,727$6,020,782$8,366,880
70$9,781,756$6,878,043$6,181,603$8,999,339
71$10,737,333$7,172,904$6,346,525$9,689,133
72$11,789,050$7,480,886$6,515,643$10,441,865
73$12,946,673$7,802,590$6,689,057$11,263,701
74$14,220,960$8,138,643$6,866,867$12,161,428
75$15,623,767$8,489,706$7,049,176$13,142,513
76$17,168,157$8,856,467$7,236,089$14,215,176
77$18,868,524$9,239,648$7,427,713$15,388,465
78$20,740,728$9,640,006$7,624,156$16,672,341
79$22,802,247$10,058,331$7,825,530$18,077,769
80$25,072,339$10,495,452$8,031,948$19,616,818
81$27,572,224$10,952,236$8,243,525$21,302,782
82$30,325,287$11,429,591$8,460,379$23,150,292
83$33,357,294$11,928,469$8,682,629$25,175,463
84$36,696,639$12,449,865$8,910,398$27,396,037
85$40,374,609$12,994,821$9,143,810$29,831,553
86$44,425,682$13,564,431$9,382,990$32,503,528
87$48,887,850$14,159,836$9,628,069$35,435,658
88$53,802,978$14,782,235$9,879,176$38,654,041
89$59,217,198$15,432,881$10,136,445$42,187,418
90$65,181,348$16,113,088$10,400,011$46,067,447
91$71,751,447$16,824,230$10,670,013$50,328,996
92$78,989,226$17,567,749$10,946,591$55,010,469
93$86,962,712$18,345,154$11,229,886$60,154,170
94$95,746,866$19,158,023$11,520,044$65,806,698
95$105,424,293$20,008,013$11,817,212$72,019,381
96$116,086,021$20,896,857$12,121,540$78,848,763
97$127,832,363$21,826,370$12,433,178$86,357,131
98$140,773,856$22,798,454$12,752,282$94,613,103
99$155,032,313$23,815,103$13,079,008$103,692,270
100$170,741,968$24,878,402$13,413,514$113,677,905