Can I retire at age 64 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$495,474$491,061$486,755$482,552$478,448$464,810
2 years$245,284$240,716$236,289$231,996$227,833$214,198
3 years$161,899$157,311$152,895$148,642$144,546$131,343
4 years$120,214$115,640$111,268$107,088$103,092$90,421
5 years$95,210$90,663$86,349$82,254$78,369$66,265
6 years$78,545$74,033$69,782$65,779$62,010$50,485
7 years$66,647$62,173$57,990$54,081$50,431$39,484
8 years$57,728$53,294$49,180$45,367$41,837$31,463
9 years$50,794$46,402$42,359$38,643$35,233$25,421
10 years$45,250$40,901$36,929$33,310$30,020$20,757
11 years$40,717$36,412$32,512$28,990$25,819$17,089
12 years$36,942$32,681$28,853$25,428$22,374$14,161
13 years$33,751$29,534$25,779$22,449$19,510$11,796
14 years$31,018$26,846$23,162$19,928$17,103$9,868
15 years$28,651$24,524$20,912$17,772$15,059$8,284
16 years$26,582$22,500$18,960$15,913$13,309$6,974
17 years$24,759$20,722$17,253$14,298$11,801$5,885
18 years$23,140$19,148$15,750$12,885$10,492$4,976
19 years$21,693$17,746$14,418$11,643$9,352$4,215
20 years$20,392$16,491$13,232$10,545$8,354$3,575
21 years$19,217$15,360$12,171$9,570$7,475$3,035
22 years$18,150$14,338$11,218$8,701$6,701$2,580
23 years$17,177$13,410$10,357$7,925$6,015$2,195
24 years$16,287$12,565$9,579$7,228$5,406$1,868
25 years$15,469$11,791$8,872$6,601$4,865$1,591
26 years$14,715$11,082$8,228$6,035$4,382$1,356
27 years$14,018$10,429$7,641$5,524$3,951$1,156
28 years$13,373$9,828$7,103$5,061$3,565$986
29 years$12,773$9,271$6,610$4,641$3,219$841
30 years$12,213$8,756$6,157$4,260$2,909$718
31 years$11,691$8,277$5,740$3,912$2,630$613
32 years$11,203$7,832$5,355$3,595$2,379$523
33 years$10,745$7,417$5,000$3,306$2,153$447
34 years$10,315$7,029$4,672$3,042$1,949$382
35 years$9,911$6,667$4,368$2,800$1,765$326
36 years$9,529$6,328$4,086$2,579$1,599$278
37 years$9,170$6,010$3,825$2,376$1,450$238
38 years$8,830$5,712$3,582$2,190$1,314$203
39 years$8,508$5,432$3,356$2,020$1,192$174
40 years$8,203$5,168$3,145$1,863$1,081$148
41 years$7,914$4,919$2,949$1,719$981$127
42 years$7,639$4,685$2,766$1,586$890$108
43 years$7,378$4,464$2,596$1,464$808$93
44 years$7,129$4,255$2,437$1,352$733$79
45 years$6,892$4,057$2,288$1,248$666$68
46 years$6,666$3,871$2,149$1,153$604$58
47 years$6,450$3,694$2,019$1,065$549$49
48 years$6,244$3,526$1,897$985$498$42
49 years$6,047$3,367$1,783$910$453$36
50 years$5,858$3,217$1,677$841$411$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,000,000, adding $2,301 every year, while hoping to spend $56,099 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: 62/28/10 Blend
63$6,000,000$6,000,000$6,000,000$6,000,000
64$6,614,373$6,296,373$6,203,373$7,009,503
65$7,229,351$6,545,207$6,351,498$7,523,061
66$7,905,175$6,804,353$6,502,704$8,076,706
67$8,647,995$7,074,258$6,657,036$8,679,612
68$9,464,581$7,355,387$6,814,537$9,336,548
69$10,362,396$7,648,229$6,975,252$10,052,760
70$11,349,659$7,953,291$7,139,222$10,834,018
71$12,435,428$8,271,105$7,306,489$11,686,670
72$13,629,680$8,602,228$7,477,095$12,617,702
73$14,943,410$8,947,240$7,651,080$13,634,801
74$16,388,730$9,306,747$7,828,484$14,746,425
75$17,978,988$9,681,385$8,009,345$15,961,883
76$19,728,888$10,071,816$8,193,702$17,291,421
77$21,654,633$10,478,734$8,381,589$18,746,317
78$23,774,077$10,902,863$8,573,043$20,338,987
79$26,106,889$11,344,960$8,768,097$22,083,095
80$28,674,746$11,805,817$8,966,783$23,993,688
81$31,501,531$12,286,263$9,169,131$26,087,330
82$34,613,559$12,787,162$9,375,169$28,382,259
83$38,039,829$13,309,419$9,584,923$30,898,555
84$41,812,292$13,853,982$9,798,419$33,658,330
85$45,966,158$14,421,838$10,015,678$36,685,934
86$50,540,221$15,014,024$10,236,718$40,008,179
87$55,577,232$15,631,620$10,461,557$43,654,594
88$61,124,299$16,275,758$10,690,209$47,657,698
89$67,233,330$16,947,623$10,922,683$52,053,306
90$73,961,524$17,648,450$11,158,987$56,880,864
91$81,371,911$18,379,536$11,399,125$62,183,818
92$89,533,946$19,142,234$11,643,096$68,010,019
93$98,524,165$19,937,960$11,890,896$74,412,176
94$108,426,906$20,768,196$12,142,517$81,448,346
95$119,335,105$21,634,492$12,397,945$89,182,482
96$131,351,172$22,538,468$12,657,163$97,685,029
97$144,587,961$23,481,823$12,920,147$107,033,589
98$159,169,830$24,466,329$13,186,869$117,313,647
99$175,233,817$25,493,843$13,457,294$128,619,376
100$192,930,934$26,566,309$13,731,380$141,054,519