Can I retire at age 64 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$445,927$441,955$438,080$434,297$430,604$423,994
2 years$220,756$216,645$212,660$208,797$205,049$198,406
3 years$145,709$141,580$137,605$133,778$130,092$123,622
4 years$108,192$104,076$100,141$96,380$92,783$86,536
5 years$85,689$81,597$77,714$74,029$70,532$64,526
6 years$70,691$66,630$62,804$59,201$55,809$50,052
7 years$59,983$55,956$52,191$48,673$45,388$39,880
8 years$51,955$47,964$44,262$40,830$37,654$32,395
9 years$45,714$41,762$38,123$34,778$31,710$26,698
10 years$40,725$36,811$33,236$29,979$27,018$22,249
11 years$36,645$32,771$29,261$26,091$23,237$18,705
12 years$33,248$29,413$25,968$22,885$20,136$15,836
13 years$30,376$26,581$23,201$20,204$17,559$13,485
14 years$27,916$24,161$20,846$17,935$15,392$11,538
15 years$25,786$22,072$18,821$15,995$13,553$9,910
16 years$23,924$20,250$17,064$14,322$11,978$8,541
17 years$22,283$18,650$15,528$12,868$10,620$7,381
18 years$20,826$17,233$14,175$11,597$9,443$6,394
19 years$19,523$15,972$12,976$10,479$8,417$5,550
20 years$18,353$14,842$11,909$9,490$7,518$4,825
21 years$17,295$13,824$10,954$8,613$6,728$4,202
22 years$16,335$12,905$10,096$7,831$6,031$3,664
23 years$15,459$12,069$9,322$7,132$5,413$3,198
24 years$14,658$11,308$8,621$6,505$4,866$2,794
25 years$13,922$10,612$7,985$5,941$4,378$2,443
26 years$13,244$9,974$7,405$5,432$3,944$2,138
27 years$12,617$9,386$6,877$4,972$3,556$1,872
28 years$12,035$8,845$6,393$4,555$3,208$1,640
29 years$11,495$8,344$5,949$4,177$2,897$1,438
30 years$10,992$7,880$5,541$3,834$2,618$1,261
31 years$10,522$7,449$5,166$3,521$2,367$1,106
32 years$10,083$7,049$4,820$3,236$2,141$970
33 years$9,671$6,675$4,500$2,976$1,937$852
34 years$9,284$6,326$4,205$2,738$1,754$748
35 years$8,920$6,001$3,931$2,520$1,589$657
36 years$8,576$5,695$3,678$2,321$1,440$577
37 years$8,253$5,409$3,442$2,139$1,305$507
38 years$7,947$5,141$3,223$1,971$1,183$445
39 years$7,657$4,888$3,020$1,818$1,073$391
40 years$7,383$4,651$2,831$1,676$973$344
41 years$7,122$4,427$2,654$1,547$883$302
42 years$6,875$4,216$2,490$1,427$801$266
43 years$6,640$4,017$2,336$1,318$727$233
44 years$6,416$3,829$2,193$1,217$660$205
45 years$6,203$3,652$2,059$1,124$599$180
46 years$5,999$3,484$1,934$1,038$544$159
47 years$5,805$3,324$1,817$959$494$139
48 years$5,619$3,174$1,707$886$448$123
49 years$5,442$3,031$1,605$819$407$108
50 years$5,272$2,895$1,509$757$370$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,400,000, adding $6,569 every year, while hoping to spend $25,043 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: 44/36/20 Blend
63$5,400,000$5,400,000$5,400,000$5,400,000
64$5,957,576$5,671,376$5,587,676$6,184,951
65$6,538,603$5,922,628$5,748,218$6,597,060
66$7,178,056$6,185,352$5,913,298$7,040,513
67$7,881,867$6,460,083$6,083,043$7,520,673
68$8,656,573$6,747,384$6,257,581$8,040,947
69$9,509,379$7,047,840$6,437,045$8,605,079
70$10,448,221$7,362,070$6,621,571$9,217,178
71$11,481,844$7,690,716$6,811,298$9,881,755
72$12,619,886$8,034,455$7,006,371$10,603,770
73$13,872,965$8,393,994$7,206,935$11,388,668
74$15,252,783$8,770,075$7,413,143$12,242,435
75$16,772,232$9,163,474$7,625,149$13,171,648
76$18,445,521$9,575,006$7,843,112$14,183,535
77$20,288,305$10,005,521$8,067,197$15,286,044
78$22,317,835$10,455,915$8,297,571$16,487,912
79$24,553,121$10,927,121$8,534,406$17,798,744
80$27,015,110$11,420,121$8,777,880$19,229,106
81$29,726,885$11,935,941$9,028,173$20,790,614
82$32,713,884$12,475,658$9,285,473$22,496,048
83$36,004,133$13,040,399$9,549,970$24,359,463
84$39,628,522$13,631,346$9,821,861$26,396,323
85$43,621,085$14,249,736$10,101,347$28,623,640
86$48,019,329$14,896,866$10,388,635$31,060,133
87$52,864,584$15,574,096$10,683,938$33,726,400
88$58,202,394$16,282,849$10,987,473$36,645,107
89$64,082,948$17,024,619$11,299,463$39,841,198
90$70,561,552$17,800,968$11,620,138$43,342,130
91$77,699,151$18,613,536$11,949,733$47,178,121
92$85,562,905$19,464,040$12,288,490$51,382,433
93$94,226,823$20,354,279$12,636,656$55,991,684
94$103,772,460$21,286,140$12,994,485$61,046,182
95$114,289,689$22,261,599$13,362,238$66,590,306
96$125,877,547$23,282,728$13,740,183$72,672,914
97$138,645,172$24,351,696$14,128,594$79,347,802
98$152,712,829$25,470,779$14,527,752$86,674,201
99$168,213,053$26,642,362$14,937,946$94,717,334
100$185,291,889$27,868,943$15,359,473$103,549,023