Can I retire at age 64 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$478,959$474,692$470,530$466,467$462,500$459,393
2 years$237,108$232,692$228,413$224,263$220,238$217,104
3 years$156,502$152,067$147,798$143,688$139,728$136,665
4 years$116,207$111,785$107,559$103,519$99,655$96,686
5 years$92,036$87,641$83,470$79,512$75,756$72,890
6 years$75,927$71,566$67,456$63,587$59,943$57,184
7 years$64,426$60,101$56,057$52,278$48,750$46,098
8 years$55,803$51,517$47,540$43,855$40,443$37,899
9 years$49,101$44,855$40,947$37,355$34,059$31,622
10 years$43,742$39,538$35,698$32,200$29,020$26,689
11 years$39,360$35,198$31,428$28,024$24,958$22,731
12 years$35,711$31,592$27,892$24,580$21,628$19,504
13 years$32,626$28,550$24,919$21,701$18,860$16,836
14 years$29,984$25,951$22,390$19,264$16,533$14,606
15 years$27,696$23,707$20,215$17,180$14,557$12,726
16 years$25,696$21,750$18,328$15,383$12,865$11,127
17 years$23,933$20,031$16,678$13,821$11,407$9,758
18 years$22,368$18,510$15,225$12,456$10,143$8,581
19 years$20,970$17,155$13,938$11,255$9,040$7,562
20 years$19,712$15,941$12,791$10,193$8,075$6,678
21 years$18,576$14,848$11,765$9,251$7,226$5,907
22 years$17,545$13,860$10,844$8,411$6,477$5,232
23 years$16,605$12,963$10,012$7,660$5,814$4,641
24 years$15,744$12,146$9,260$6,987$5,226$4,121
25 years$14,953$11,398$8,576$6,381$4,703$3,664
26 years$14,225$10,713$7,954$5,834$4,236$3,260
27 years$13,551$10,082$7,386$5,340$3,819$2,902
28 years$12,927$9,500$6,866$4,893$3,446$2,586
29 years$12,347$8,962$6,390$4,487$3,112$2,306
30 years$11,806$8,464$5,952$4,118$2,812$2,057
31 years$11,302$8,001$5,549$3,782$2,542$1,836
32 years$10,830$7,571$5,177$3,476$2,299$1,639
33 years$10,387$7,170$4,834$3,196$2,081$1,464
34 years$9,971$6,795$4,516$2,941$1,884$1,308
35 years$9,580$6,445$4,222$2,707$1,706$1,169
36 years$9,212$6,117$3,950$2,493$1,546$1,045
37 years$8,864$5,810$3,697$2,297$1,401$935
38 years$8,535$5,522$3,462$2,117$1,270$836
39 years$8,224$5,250$3,244$1,952$1,152$748
40 years$7,930$4,995$3,040$1,801$1,045$669
41 years$7,650$4,755$2,851$1,661$948$599
42 years$7,384$4,529$2,674$1,533$860$536
43 years$7,132$4,315$2,509$1,415$781$480
44 years$6,891$4,113$2,355$1,307$709$429
45 years$6,662$3,922$2,212$1,207$643$384
46 years$6,444$3,742$2,077$1,115$584$344
47 years$6,235$3,571$1,952$1,030$530$308
48 years$6,036$3,409$1,834$952$482$276
49 years$5,845$3,255$1,724$880$437$247
50 years$5,663$3,109$1,621$813$397$221

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $5,800,000, adding $4,444 every year, while hoping to spend $57,819 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: 59/20/21 Blend
63$5,800,000$5,800,000$5,800,000$5,800,000
64$6,396,184$6,088,784$5,998,884$6,737,713
65$6,987,076$6,325,615$6,138,328$7,206,941
66$7,636,301$6,572,114$6,280,505$7,711,776
67$8,349,748$6,828,692$6,425,446$8,261,086
68$9,133,904$7,095,780$6,573,181$8,859,187
69$9,995,918$7,373,829$6,723,738$9,510,826
70$10,943,664$7,663,308$6,877,145$10,221,227
71$11,985,816$7,964,709$7,033,428$10,996,141
72$13,131,934$8,278,545$7,192,613$11,841,895
73$14,392,549$8,605,351$7,354,723$12,765,454
74$15,779,262$8,945,686$7,519,779$13,774,484
75$17,304,859$9,300,137$7,687,804$14,877,425
76$18,983,424$9,669,312$7,858,814$16,083,566
77$20,830,476$10,053,852$8,032,828$17,403,136
78$22,863,117$10,454,423$8,209,860$18,847,397
79$25,100,186$10,871,722$8,389,922$20,428,747
80$27,562,446$11,306,476$8,573,024$22,160,840
81$30,272,770$11,759,448$8,759,175$24,058,711
82$33,256,364$12,231,433$8,948,379$26,138,916
83$36,541,001$12,723,261$9,140,638$28,419,687
84$40,157,285$13,235,803$9,335,952$30,921,104
85$44,138,937$13,769,966$9,534,315$33,665,283
86$48,523,114$14,326,699$9,735,719$36,676,579
87$53,350,760$14,906,996$9,940,154$39,981,820
88$58,666,992$15,511,893$10,147,604$43,610,554
89$64,521,524$16,142,476$10,358,048$47,595,329
90$70,969,140$16,799,877$10,571,463$51,971,995
91$78,070,205$17,485,284$10,787,820$56,780,045
92$85,891,239$18,199,935$11,007,085$62,062,981
93$94,505,541$18,945,128$11,229,217$67,868,724
94$103,993,883$19,722,216$11,454,174$74,250,067
95$114,445,273$20,532,619$11,681,902$81,265,166
96$125,957,791$21,377,817$11,912,346$88,978,091
97$138,639,518$22,259,362$12,145,442$97,459,424
98$152,609,553$23,178,875$12,381,118$106,786,928
99$167,999,138$24,138,051$12,619,297$117,046,272
100$184,952,899$25,138,665$12,859,892$128,331,843