Can I retire at age 64 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$454,185$450,139$446,192$442,340$438,578$435,814
2 years$224,844$220,656$216,598$212,663$208,847$206,058
3 years$148,407$144,201$140,153$136,255$132,501$129,775
4 years$110,196$106,003$101,996$98,164$94,501$91,858
5 years$87,275$83,108$79,153$75,400$71,838$69,286
6 years$72,000$67,864$63,967$60,298$56,843$54,386
7 years$61,093$56,992$53,157$49,574$46,229$43,867
8 years$52,917$48,853$45,081$41,586$38,351$36,085
9 years$46,561$42,535$38,829$35,422$32,297$30,126
10 years$41,479$37,493$33,852$30,534$27,519$25,442
11 years$37,324$33,377$29,802$26,574$23,667$21,682
12 years$33,864$29,958$26,449$23,309$20,509$18,615
13 years$30,938$27,073$23,630$20,578$17,885$16,079
14 years$28,433$24,609$21,232$18,267$15,677$13,959
15 years$26,263$22,480$19,170$16,291$13,804$12,170
16 years$24,367$20,625$17,380$14,587$12,200$10,648
17 years$22,696$18,995$15,815$13,106$10,817$9,345
18 years$21,211$17,552$14,437$11,811$9,618$8,223
19 years$19,885$16,267$13,217$10,673$8,573$7,252
20 years$18,693$15,116$12,130$9,666$7,657$6,409
21 years$17,615$14,080$11,157$8,773$6,853$5,673
22 years$16,637$13,144$10,283$7,976$6,142$5,029
23 years$15,746$12,293$9,494$7,264$5,514$4,464
24 years$14,930$11,518$8,781$6,625$4,956$3,967
25 years$14,180$10,809$8,133$6,051$4,459$3,529
26 years$13,489$10,158$7,543$5,532$4,017$3,142
27 years$12,850$9,560$7,004$5,064$3,622$2,800
28 years$12,258$9,009$6,511$4,640$3,268$2,497
29 years$11,708$8,499$6,059$4,255$2,951$2,228
30 years$11,196$8,026$5,644$3,905$2,666$1,989
31 years$10,717$7,587$5,262$3,586$2,411$1,777
32 years$10,269$7,179$4,909$3,296$2,180$1,588
33 years$9,850$6,799$4,584$3,031$1,973$1,419
34 years$9,456$6,444$4,283$2,789$1,787$1,269
35 years$9,085$6,112$4,004$2,567$1,618$1,135
36 years$8,735$5,801$3,746$2,364$1,466$1,016
37 years$8,405$5,510$3,506$2,178$1,329$909
38 years$8,094$5,236$3,283$2,008$1,205$814
39 years$7,799$4,979$3,076$1,851$1,092$729
40 years$7,519$4,737$2,883$1,708$991$653
41 years$7,254$4,509$2,703$1,575$899$584
42 years$7,002$4,294$2,536$1,454$816$524
43 years$6,763$4,092$2,380$1,342$740$469
44 years$6,535$3,900$2,234$1,239$672$420
45 years$6,318$3,719$2,097$1,144$610$377
46 years$6,110$3,548$1,970$1,057$554$337
47 years$5,913$3,386$1,851$977$503$302
48 years$5,724$3,232$1,739$902$457$271
49 years$5,543$3,087$1,635$834$415$243
50 years$5,370$2,949$1,537$771$377$218

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,500,000, adding $4,988 every year, while hoping to spend $48,619 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: 48/22/30 Blend
63$5,500,000$5,500,000$5,500,000$5,500,000
64$6,066,145$5,774,645$5,689,395$6,305,059
65$6,633,162$6,005,872$5,828,260$6,705,375
66$7,256,384$6,246,801$5,970,147$7,134,742
67$7,941,495$6,497,853$6,115,106$7,600,138
68$8,694,753$6,759,474$6,263,188$8,104,992
69$9,523,055$7,032,125$6,414,442$8,653,074
70$10,433,999$7,316,292$6,568,918$9,248,531
71$11,435,957$7,612,480$6,726,666$9,895,924
72$12,538,152$7,921,218$6,887,737$10,600,268
73$13,750,745$8,243,060$7,052,178$11,367,082
74$15,084,935$8,578,584$7,220,040$12,202,439
75$16,553,059$8,928,394$7,391,371$13,113,018
76$18,168,708$9,293,124$7,566,220$14,106,172
77$19,946,862$9,673,432$7,744,634$15,189,989
78$21,904,024$10,070,012$7,926,661$16,373,374
79$24,058,377$10,483,586$8,112,347$17,666,127
80$26,429,959$10,914,909$8,301,738$19,079,036
81$29,040,847$11,364,772$8,494,879$20,623,976
82$31,915,370$11,834,002$8,691,813$22,314,018
83$35,080,333$12,323,463$8,892,584$24,163,557
84$38,565,275$12,834,060$9,097,234$26,188,438
85$42,402,743$13,366,740$9,305,801$28,406,108
86$46,628,603$13,922,490$9,518,326$30,835,779
87$51,282,375$14,502,347$9,734,844$33,498,608
88$56,407,608$15,107,393$9,955,392$36,417,890
89$62,052,290$15,738,760$10,180,004$39,619,280
90$68,269,299$16,397,635$10,408,709$43,131,034
91$75,116,904$17,085,256$10,641,538$46,984,268
92$82,659,316$17,802,921$10,878,517$51,213,255
93$90,967,289$18,551,987$11,119,670$55,855,742
94$100,118,792$19,333,874$11,365,018$60,953,306
95$110,199,743$20,150,068$11,614,580$66,551,743
96$121,304,819$21,002,123$11,868,371$72,701,498
97$133,538,350$21,891,667$12,126,402$79,458,135
98$147,015,306$22,820,403$12,388,680$86,882,866
99$161,862,377$23,790,113$12,655,211$95,043,116
100$178,219,172$24,802,660$12,925,992$104,013,165