Can I retire at age 64 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$511,990$507,430$502,980$498,637$494,397$489,641
2 years$253,460$248,740$244,165$239,729$235,427$230,636
3 years$167,295$162,554$157,991$153,597$149,365$144,688
4 years$124,221$119,495$114,977$110,658$106,528$102,001
5 years$98,383$93,685$89,227$84,996$80,981$76,616
6 years$81,164$76,501$72,109$67,972$64,077$59,881
7 years$68,869$64,245$59,923$55,883$52,112$48,086
8 years$59,652$55,070$50,819$46,879$43,232$39,376
9 years$52,487$47,949$43,770$39,931$36,408$32,720
10 years$46,758$42,264$38,160$34,421$31,021$27,500
11 years$42,074$37,625$33,596$29,956$26,679$23,321
12 years$38,174$33,771$29,815$26,276$23,120$19,922
13 years$34,876$30,519$26,638$23,198$20,161$17,120
14 years$32,052$27,741$23,934$20,592$17,673$14,784
15 years$29,606$25,342$21,609$18,365$15,561$12,820
16 years$27,468$23,250$19,592$16,443$13,752$11,156
17 years$25,584$21,413$17,828$14,774$12,194$9,737
18 years$23,911$19,786$16,275$13,315$10,842$8,519
19 years$22,416$18,338$14,899$12,031$9,664$7,471
20 years$21,072$17,040$13,673$10,896$8,632$6,563
21 years$19,857$15,872$12,577$9,889$7,725$5,775
22 years$18,755$14,816$11,591$8,991$6,924$5,089
23 years$17,750$13,857$10,703$8,189$6,215$4,490
24 years$16,830$12,984$9,898$7,469$5,587$3,966
25 years$15,985$12,184$9,168$6,821$5,027$3,506
26 years$15,206$11,451$8,503$6,237$4,528$3,103
27 years$14,486$10,777$7,895$5,708$4,083$2,747
28 years$13,818$10,155$7,340$5,230$3,684$2,434
29 years$13,198$9,580$6,830$4,796$3,326$2,158
30 years$12,621$9,048$6,362$4,402$3,006$1,914
31 years$12,081$8,553$5,931$4,043$2,717$1,699
32 years$11,576$8,093$5,534$3,715$2,458$1,508
33 years$11,103$7,664$5,167$3,416$2,224$1,339
34 years$10,659$7,264$4,828$3,143$2,014$1,190
35 years$10,241$6,890$4,514$2,894$1,824$1,057
36 years$9,847$6,539$4,222$2,665$1,653$939
37 years$9,475$6,211$3,952$2,455$1,498$835
38 years$9,124$5,902$3,701$2,263$1,358$742
39 years$8,791$5,613$3,467$2,087$1,232$660
40 years$8,476$5,340$3,250$1,925$1,117$587
41 years$8,177$5,083$3,047$1,776$1,013$522
42 years$7,894$4,841$2,859$1,639$920$465
43 years$7,624$4,612$2,682$1,513$835$413
44 years$7,366$4,397$2,518$1,397$758$368
45 years$7,122$4,193$2,364$1,290$688$327
46 years$6,888$4,000$2,221$1,192$624$291
47 years$6,665$3,817$2,086$1,101$567$259
48 years$6,452$3,644$1,960$1,017$515$231
49 years$6,248$3,480$1,843$940$468$205
50 years$6,053$3,324$1,732$869$425$183

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,200,000, adding $4,014 every year, while hoping to spend $29,096 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: 85/5/10 Blend
63$6,200,000$6,200,000$6,200,000$6,200,000
64$6,836,540$6,507,940$6,411,840$7,407,410
65$7,502,910$6,795,872$6,595,679$8,068,946
66$8,236,273$7,096,936$6,784,701$8,791,304
67$9,043,434$7,411,747$6,979,050$9,584,063
68$9,931,888$7,740,946$7,178,871$10,454,291
69$10,909,894$8,085,206$7,384,317$11,409,777
70$11,986,552$8,445,230$7,595,541$12,459,099
71$13,171,891$8,821,757$7,812,702$13,611,703
72$14,476,960$9,215,559$8,035,963$14,877,999
73$15,913,934$9,627,445$8,265,492$16,269,450
74$17,496,229$10,058,264$8,501,460$17,798,685
75$19,238,630$10,508,905$8,744,045$19,479,619
76$21,157,426$10,980,296$8,993,426$21,327,576
77$23,270,567$11,473,415$9,249,789$23,359,441
78$25,597,834$11,989,281$9,513,326$25,593,817
79$28,161,022$12,528,965$9,784,232$28,051,195
80$30,984,151$13,093,589$10,062,708$30,754,154
81$34,093,685$13,684,326$10,348,960$33,727,567
82$37,518,791$14,302,408$10,643,200$36,998,839
83$41,291,605$14,949,123$10,945,645$40,598,165
84$45,447,542$15,625,823$11,256,517$44,558,810
85$50,025,627$16,333,924$11,576,045$48,917,428
86$55,068,863$17,074,908$11,904,465$53,714,401
87$60,624,638$17,850,330$12,242,016$58,994,226
88$66,745,173$18,661,819$12,588,946$64,805,928
89$73,488,013$19,511,080$12,945,508$71,203,524
90$80,916,570$20,399,902$13,311,962$78,246,535
91$89,100,722$21,330,160$13,688,574$86,000,541
92$98,117,473$22,303,815$14,075,619$94,537,804
93$108,051,681$23,322,927$14,473,377$103,937,944
94$118,996,853$24,389,651$14,882,136$114,288,697
95$131,056,036$25,506,248$15,302,192$125,686,734
96$144,342,783$26,675,085$15,733,846$138,238,575
97$158,982,227$27,898,645$16,177,411$152,061,597
98$175,112,264$29,179,528$16,633,204$167,285,134
99$192,884,851$30,520,461$17,101,552$184,051,703
100$212,467,442$31,924,301$17,582,791$202,518,343