Can I retire at age 64 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$437,669$433,771$429,967$426,254$422,629$409,429
2 years$216,668$212,633$208,722$204,930$201,252$188,070
3 years$143,010$138,958$135,057$131,301$127,683$114,933
4 years$106,189$102,149$98,287$94,595$91,064$78,845
5 years$84,102$80,086$76,275$72,658$69,226$57,569
6 years$69,382$65,396$61,641$58,105$54,776$43,692
7 years$58,872$54,920$51,224$47,771$44,547$34,036
8 years$50,993$47,076$43,442$40,074$36,956$27,010
9 years$44,868$40,988$37,417$34,134$31,123$21,730
10 years$39,971$36,129$32,621$29,424$26,518$17,665
11 years$35,967$32,164$28,719$25,608$22,806$14,478
12 years$32,632$28,868$25,487$22,461$19,764$11,942
13 years$29,813$26,089$22,771$19,830$17,234$9,901
14 years$27,399$23,714$20,460$17,603$15,107$8,243
15 years$25,308$21,663$18,473$15,699$13,302$6,885
16 years$23,481$19,875$16,748$14,057$11,756$5,767
17 years$21,870$18,304$15,240$12,630$10,424$4,842
18 years$20,440$16,914$13,912$11,382$9,268$4,073
19 years$19,162$15,676$12,736$10,285$8,261$3,432
20 years$18,013$14,567$11,688$9,315$7,379$2,895
21 years$16,975$13,568$10,751$8,454$6,603$2,445
22 years$16,032$12,666$9,909$7,686$5,919$2,067
23 years$15,173$11,846$9,149$7,000$5,313$1,748
24 years$14,387$11,099$8,461$6,384$4,776$1,480
25 years$13,664$10,416$7,837$5,831$4,297$1,254
26 years$12,998$9,789$7,268$5,331$3,871$1,062
27 years$12,383$9,213$6,749$4,880$3,490$901
28 years$11,813$8,681$6,274$4,471$3,149$764
29 years$11,282$8,190$5,839$4,100$2,843$648
30 years$10,789$7,734$5,439$3,763$2,569$550
31 years$10,327$7,311$5,070$3,456$2,323$467
32 years$9,896$6,918$4,731$3,176$2,101$396
33 years$9,492$6,551$4,417$2,921$1,902$336
34 years$9,112$6,209$4,127$2,687$1,722$285
35 years$8,754$5,889$3,858$2,474$1,559$242
36 years$8,418$5,590$3,610$2,278$1,413$206
37 years$8,100$5,309$3,378$2,099$1,281$175
38 years$7,800$5,046$3,164$1,935$1,161$148
39 years$7,515$4,798$2,964$1,784$1,053$126
40 years$7,246$4,565$2,778$1,645$955$107
41 years$6,990$4,345$2,605$1,518$866$91
42 years$6,748$4,138$2,444$1,401$786$77
43 years$6,517$3,943$2,293$1,293$713$66
44 years$6,297$3,758$2,152$1,194$648$56
45 years$6,088$3,584$2,021$1,103$588$47
46 years$5,888$3,419$1,898$1,019$534$40
47 years$5,698$3,263$1,783$941$485$34
48 years$5,515$3,115$1,676$870$440$29
49 years$5,341$2,974$1,575$804$400$25
50 years$5,175$2,841$1,481$743$363$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,300,000, adding $6,900 every year, while hoping to spend $59,871 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: 48/29/23 Blend
63$5,300,000$5,300,000$5,300,000$5,300,000
64$5,847,717$5,566,817$5,484,667$6,089,918
65$6,380,482$5,775,889$5,604,701$6,468,884
66$6,965,583$5,993,199$5,726,750$6,873,640
67$7,608,293$6,219,087$5,850,817$7,311,964
68$8,314,425$6,453,908$5,976,906$7,787,037
69$9,090,381$6,698,034$6,105,016$8,302,361
70$9,943,212$6,951,850$6,235,147$8,861,781
71$10,880,689$7,215,759$6,367,293$9,469,531
72$11,911,371$7,490,184$6,501,450$10,130,264
73$13,044,690$7,775,562$6,637,607$10,849,101
74$14,291,035$8,072,351$6,775,754$11,631,675
75$15,661,855$8,381,031$6,915,876$12,484,183
76$17,169,763$8,702,100$7,057,956$13,413,445
77$18,828,654$9,036,078$7,201,974$14,426,966
78$20,653,841$9,383,511$7,347,904$15,533,004
79$22,662,195$9,744,964$7,495,720$16,740,650
80$24,872,302$10,121,031$7,645,391$18,059,909
81$27,304,645$10,512,330$7,796,880$19,501,794
82$29,981,792$10,919,507$7,950,148$21,078,431
83$32,928,607$11,343,235$8,105,151$22,803,167
84$36,172,491$11,784,220$8,261,839$24,690,698
85$39,743,634$12,243,195$8,420,160$26,757,204
86$43,675,302$12,720,930$8,580,052$29,020,503
87$48,004,152$13,218,224$8,741,453$31,500,212
88$52,770,574$13,735,916$8,904,291$34,217,934
89$58,019,077$14,274,879$9,068,488$37,197,461
90$63,798,702$14,836,028$9,233,962$40,464,992
91$70,163,492$15,420,316$9,400,622$44,049,383
92$77,172,997$16,028,740$9,568,372$47,982,412
93$84,892,835$16,662,341$9,737,105$52,299,083
94$93,395,315$17,322,206$9,906,708$57,037,946
95$102,760,115$18,009,472$10,077,061$62,241,467
96$113,075,036$18,725,326$10,248,032$67,956,420
97$124,436,832$19,471,009$10,419,483$74,234,326
98$136,952,117$20,247,816$10,591,264$81,131,940
99$150,738,377$21,057,104$10,763,215$88,711,783
100$165,925,076$21,900,286$10,935,167$97,042,726