Can I retire at age 64 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$528,506$523,798$519,205$514,722$510,345$496,197
2 years$261,637$256,764$252,041$247,463$243,021$228,873
3 years$172,692$167,798$163,088$158,552$154,183$140,477
4 years$128,228$123,349$118,686$114,228$109,964$96,807
5 years$101,557$96,707$92,105$87,738$83,593$71,020
6 years$83,782$78,969$74,435$70,165$66,144$54,167
7 years$71,090$66,318$61,856$57,686$53,793$42,412
8 years$61,576$56,847$52,458$48,392$44,627$33,835
9 years$54,180$49,495$45,182$41,219$37,582$27,371
10 years$48,267$43,628$39,391$35,531$32,022$22,377
11 years$43,432$38,839$34,679$30,923$27,540$18,446
12 years$39,405$34,860$30,777$27,123$23,865$15,306
13 years$36,001$31,503$27,497$23,946$20,811$12,767
14 years$33,086$28,636$24,706$21,256$18,243$10,695
15 years$30,561$26,159$22,306$18,957$16,062$8,991
16 years$28,354$24,000$20,224$16,974$14,196$7,580
17 years$26,409$22,104$18,403$15,251$12,587$6,406
18 years$24,682$20,425$16,800$13,744$11,192$5,425
19 years$23,139$18,929$15,379$12,419$9,976$4,601
20 years$21,752$17,590$14,114$11,248$8,910$3,908
21 years$20,498$16,384$12,982$10,208$7,974$3,324
22 years$19,360$15,294$11,965$9,282$7,147$2,830
23 years$18,322$14,304$11,048$8,453$6,416$2,411
24 years$17,373$13,402$10,217$7,709$5,767$2,055
25 years$16,500$12,577$9,463$7,041$5,189$1,754
26 years$15,696$11,821$8,777$6,438$4,674$1,497
27 years$14,953$11,125$8,150$5,893$4,214$1,278
28 years$14,264$10,483$7,577$5,399$3,803$1,092
29 years$13,624$9,889$7,051$4,951$3,434$933
30 years$13,028$9,339$6,567$4,544$3,103$798
31 years$12,471$8,829$6,123$4,173$2,805$682
32 years$11,950$8,354$5,712$3,835$2,537$583
33 years$11,461$7,911$5,334$3,527$2,296$499
34 years$11,003$7,498$4,984$3,245$2,079$427
35 years$10,571$7,112$4,659$2,987$1,883$365
36 years$10,165$6,750$4,359$2,751$1,706$312
37 years$9,781$6,411$4,080$2,535$1,546$267
38 years$9,418$6,093$3,820$2,336$1,402$229
39 years$9,075$5,794$3,579$2,154$1,271$196
40 years$8,750$5,512$3,355$1,987$1,153$168
41 years$8,441$5,247$3,146$1,833$1,046$143
42 years$8,148$4,997$2,951$1,692$949$123
43 years$7,869$4,761$2,769$1,562$861$105
44 years$7,604$4,538$2,599$1,442$782$90
45 years$7,351$4,328$2,441$1,332$710$77
46 years$7,110$4,129$2,292$1,230$645$66
47 years$6,880$3,940$2,153$1,137$585$56
48 years$6,660$3,761$2,024$1,050$532$48
49 years$6,450$3,592$1,902$971$483$41
50 years$6,249$3,431$1,788$897$438$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,400,000, adding $2,508 every year, while hoping to spend $25,295 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: 55/28/17 Blend
63$6,400,000$6,400,000$6,400,000$6,400,000
64$7,055,387$6,716,187$6,616,987$7,411,325
65$7,748,123$7,018,366$6,811,742$7,956,393
66$8,510,670$7,334,505$7,012,174$8,546,708
67$9,350,122$7,665,260$7,218,446$9,188,957
68$10,274,297$8,011,320$7,430,726$9,888,108
69$11,291,807$8,373,406$7,649,187$10,649,625
70$12,412,143$8,752,274$7,874,007$11,479,515
71$13,645,763$9,148,718$8,105,368$12,384,379
72$15,004,191$9,563,566$8,343,458$13,371,480
73$16,500,126$9,997,688$8,588,471$14,448,804
74$18,147,560$10,451,995$8,840,606$15,625,133
75$19,961,911$10,927,443$9,100,066$16,910,130
76$21,960,170$11,425,032$9,367,062$18,314,424
77$24,161,059$11,945,810$9,641,811$19,849,708
78$26,585,209$12,490,876$9,924,533$21,528,847
79$29,255,353$13,061,381$10,215,457$23,366,000
80$32,196,543$13,658,533$10,514,819$25,376,746
81$35,436,384$14,283,595$10,822,860$27,578,230
82$39,005,297$14,937,893$11,139,827$29,989,323
83$42,936,802$15,622,815$11,465,976$32,630,795
84$47,267,839$16,339,817$11,801,570$35,525,509
85$52,039,114$17,090,423$12,146,878$38,698,631
86$57,295,483$17,876,233$12,502,177$42,177,867
87$63,086,375$18,698,921$12,867,753$45,993,720
88$69,466,261$19,560,243$13,243,899$50,179,770
89$76,495,165$20,462,041$13,630,915$54,772,992
90$84,239,233$21,406,242$14,029,111$59,814,098
91$92,771,354$22,394,868$14,438,806$65,347,917
92$102,171,854$23,430,037$14,860,328$71,423,812
93$112,529,245$24,513,972$15,294,011$78,096,144
94$123,941,071$25,648,998$15,740,203$85,424,778
95$136,514,818$26,837,558$16,199,258$93,475,641
96$150,368,938$28,082,207$16,671,541$102,321,341
97$165,633,961$29,385,626$17,157,429$112,041,848
98$182,453,729$30,750,626$17,657,307$122,725,236
99$200,986,755$32,180,151$18,171,572$134,468,514
100$221,407,715$33,677,290$18,700,631$147,378,535