Can I retire at age 64 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$536,764$531,983$527,318$522,765$518,319$502,936
2 years$265,725$260,776$255,980$251,329$246,819$231,448
3 years$175,390$170,420$165,636$161,029$156,592$141,715
4 years$130,232$125,277$120,540$116,012$111,683$97,414
5 years$103,144$98,218$93,544$89,109$84,899$71,277
6 years$85,091$80,203$75,598$71,261$67,178$54,215
7 years$72,201$67,354$62,822$58,588$54,634$42,329
8 years$62,538$57,735$53,278$49,148$45,324$33,670
9 years$55,027$50,269$45,888$41,863$38,169$27,154
10 years$49,021$44,309$40,007$36,086$32,522$22,131
11 years$44,110$39,446$35,221$31,406$27,970$18,185
12 years$40,021$35,405$31,258$27,547$24,238$15,039
13 years$36,563$31,995$27,927$24,320$21,136$12,502
14 years$33,602$29,083$25,092$21,589$18,528$10,437
15 years$31,039$26,568$22,655$19,253$16,313$8,743
16 years$28,797$24,375$20,540$17,239$14,418$7,345
17 years$26,822$22,449$18,691$15,489$12,784$6,185
18 years$25,068$20,744$17,062$13,959$11,367$5,218
19 years$23,500$19,225$15,620$12,613$10,132$4,409
20 years$22,091$17,865$14,335$11,424$9,050$3,731
21 years$20,818$16,640$13,185$10,368$8,098$3,161
22 years$19,662$15,533$12,152$9,427$7,259$2,680
23 years$18,609$14,528$11,221$8,585$6,516$2,275
24 years$17,644$13,612$10,377$7,830$5,857$1,932
25 years$16,758$12,774$9,611$7,151$5,270$1,641
26 years$15,941$12,005$8,914$6,538$4,747$1,395
27 years$15,187$11,299$8,277$5,985$4,280$1,187
28 years$14,487$10,647$7,695$5,483$3,862$1,010
29 years$13,837$10,044$7,161$5,028$3,487$859
30 years$13,231$9,485$6,670$4,615$3,151$732
31 years$12,666$8,967$6,218$4,238$2,849$623
32 years$12,137$8,484$5,802$3,895$2,577$530
33 years$11,641$8,035$5,417$3,582$2,332$452
34 years$11,175$7,615$5,061$3,296$2,111$385
35 years$10,736$7,223$4,732$3,034$1,912$328
36 years$10,324$6,856$4,427$2,794$1,733$279
37 years$9,934$6,511$4,143$2,574$1,570$238
38 years$9,565$6,188$3,880$2,373$1,424$203
39 years$9,217$5,884$3,635$2,188$1,291$173
40 years$8,887$5,598$3,407$2,018$1,171$147
41 years$8,573$5,329$3,195$1,862$1,062$126
42 years$8,275$5,075$2,997$1,718$964$107
43 years$7,992$4,836$2,812$1,586$875$91
44 years$7,723$4,609$2,640$1,465$794$78
45 years$7,466$4,395$2,479$1,353$721$66
46 years$7,221$4,193$2,328$1,249$655$57
47 years$6,988$4,002$2,187$1,154$594$48
48 years$6,764$3,820$2,055$1,067$540$41
49 years$6,551$3,648$1,932$986$490$35
50 years$6,346$3,485$1,816$911$445$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,500,000, adding $3,947 every year, while hoping to spend $24,238 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: 85/10/5 Blend
63$6,500,000$6,500,000$6,500,000$6,500,000
64$7,167,071$6,822,571$6,721,821$7,776,054
65$7,872,324$7,131,088$6,921,213$8,482,116
66$8,648,699$7,453,910$7,126,473$9,253,893
67$9,503,427$7,791,712$7,337,770$10,100,950
68$10,444,473$8,145,203$7,555,282$11,030,829
69$11,480,614$8,515,122$7,779,188$12,051,840
70$12,621,522$8,902,248$8,009,676$13,173,134
71$13,877,853$9,307,395$8,246,937$14,404,789
72$15,261,352$9,731,415$8,491,167$15,757,904
73$16,784,959$10,175,203$8,742,570$17,244,705
74$18,462,932$10,639,696$9,001,354$18,878,658
75$20,310,985$11,125,875$9,267,733$20,674,594
76$22,346,432$11,634,768$9,541,928$22,648,852
77$24,588,351$12,167,455$9,824,165$24,819,428
78$27,057,767$12,725,065$10,114,680$27,206,146
79$29,777,848$13,308,782$10,413,710$29,830,844
80$32,774,124$13,919,848$10,721,504$32,717,578
81$36,074,726$14,559,561$11,038,316$35,892,849
82$39,710,655$15,229,287$11,364,406$39,385,854
83$43,716,072$15,930,453$11,700,045$43,228,753
84$48,128,622$16,664,556$12,045,507$47,456,980
85$52,989,788$17,433,165$12,401,078$52,109,572
86$58,345,283$18,237,927$12,767,050$57,229,536
87$64,245,480$19,080,563$13,143,724$62,864,253
88$70,745,889$19,962,881$13,531,410$69,065,925
89$77,907,683$20,886,775$13,930,425$75,892,067
90$85,798,269$21,854,230$14,341,097$83,406,047
91$94,491,932$22,867,326$14,763,763$91,677,680
92$104,070,528$23,928,245$15,198,768$100,783,890
93$114,624,265$25,039,271$15,646,470$110,809,432
94$126,252,546$26,202,802$16,107,233$121,847,688
95$139,064,916$27,421,349$16,581,435$134,001,551
96$153,182,087$28,697,546$17,069,464$147,384,390
97$168,737,086$30,034,151$17,571,716$162,121,119
98$185,876,502$31,434,058$18,088,602$178,349,375
99$204,761,879$32,900,300$18,620,544$196,220,815
100$225,571,232$34,436,056$19,167,973$215,902,542