Can I retire at age 64 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$553,280$548,351$543,543$538,850$534,267$525,200
2 years$273,901$268,800$263,856$259,063$254,413$245,306
3 years$180,787$175,664$170,732$165,984$161,410$152,547
4 years$134,239$129,131$124,249$119,582$115,119$106,568
5 years$106,317$101,241$96,423$91,850$87,512$79,297
6 years$87,709$82,671$77,924$73,454$69,245$61,376
7 years$74,423$69,427$64,755$60,390$56,315$48,794
8 years$64,463$59,511$54,917$50,660$46,718$39,544
9 years$56,720$51,815$47,300$43,151$39,344$32,512
10 years$50,529$45,673$41,238$37,197$33,523$27,028
11 years$45,467$40,660$36,305$32,372$28,831$22,666
12 years$41,252$36,494$32,220$28,395$24,984$19,141
13 years$37,689$32,980$28,786$25,068$21,787$16,256
14 years$34,636$29,978$25,864$22,253$19,098$13,871
15 years$31,994$27,385$23,352$19,846$16,815$11,882
16 years$29,684$25,125$21,172$17,770$14,862$10,211
17 years$27,647$23,140$19,266$15,966$13,177$8,799
18 years$25,839$21,382$17,587$14,388$11,717$7,600
19 years$24,224$19,817$16,100$13,001$10,443$6,578
20 years$22,771$18,415$14,776$11,775$9,328$5,702
21 years$21,459$17,152$13,591$10,687$8,348$4,951
22 years$20,267$16,011$12,526$9,717$7,482$4,303
23 years$19,181$14,975$11,566$8,849$6,717$3,745
24 years$18,187$14,031$10,696$8,071$6,037$3,261
25 years$17,274$13,167$9,907$7,371$5,432$2,843
26 years$16,432$12,375$9,188$6,739$4,893$2,480
27 years$15,654$11,646$8,532$6,169$4,412$2,164
28 years$14,933$10,974$7,932$5,652$3,981$1,890
29 years$14,263$10,353$7,381$5,183$3,595$1,651
30 years$13,638$9,777$6,875$4,757$3,248$1,443
31 years$13,055$9,243$6,410$4,369$2,936$1,262
32 years$12,510$8,745$5,980$4,015$2,656$1,104
33 years$11,999$8,282$5,584$3,692$2,404$965
34 years$11,519$7,850$5,217$3,397$2,176$845
35 years$11,067$7,445$4,878$3,127$1,971$739
36 years$10,641$7,067$4,563$2,880$1,786$647
37 years$10,239$6,712$4,271$2,654$1,619$567
38 years$9,860$6,378$3,999$2,446$1,468$496
39 years$9,500$6,065$3,747$2,255$1,331$434
40 years$9,160$5,771$3,512$2,080$1,207$380
41 years$8,837$5,493$3,293$1,919$1,095$333
42 years$8,530$5,231$3,089$1,771$994$292
43 years$8,238$4,984$2,899$1,635$902$256
44 years$7,961$4,751$2,721$1,510$819$224
45 years$7,696$4,531$2,555$1,394$743$196
46 years$7,444$4,322$2,400$1,288$675$172
47 years$7,203$4,125$2,254$1,190$613$151
48 years$6,972$3,938$2,119$1,099$556$132
49 years$6,752$3,760$1,991$1,016$505$116
50 years$6,542$3,592$1,872$939$459$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,700,000, adding $4,402 every year, while hoping to spend $46,947 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: 49/36/15 Blend
63$6,700,000$6,700,000$6,700,000$6,700,000
64$7,387,941$7,032,841$6,928,991$7,719,059
65$8,091,559$7,327,499$7,111,161$8,242,473
66$8,865,374$7,635,021$7,297,860$8,805,508
67$9,716,494$7,955,990$7,489,190$9,416,085
68$10,652,755$8,291,011$7,685,256$10,078,681
69$11,682,787$8,640,722$7,886,164$10,798,214
70$12,816,101$9,005,787$8,092,020$11,580,087
71$14,063,176$9,386,903$8,302,935$12,430,237
72$15,435,557$9,784,799$8,519,021$13,355,193
73$16,945,966$10,200,236$8,740,390$14,362,130
74$18,608,420$10,634,014$8,967,159$15,458,935
75$20,438,365$11,086,966$9,199,445$16,654,282
76$22,452,818$11,559,967$9,437,366$17,957,711
77$24,670,532$12,053,933$9,681,045$19,379,710
78$27,112,171$12,569,819$9,930,604$20,931,819
79$29,800,501$13,108,630$10,186,168$22,626,730
80$32,760,613$13,671,413$10,447,865$24,478,406
81$36,020,150$14,259,266$10,715,823$26,502,210
82$39,609,575$14,873,341$10,990,173$28,715,046
83$43,562,456$15,514,839$11,271,048$31,135,515
84$47,915,781$16,185,020$11,558,583$33,784,085
85$52,710,309$16,885,205$11,852,914$36,683,287
86$57,990,953$17,616,772$12,154,179$39,857,914
87$63,807,205$18,381,168$12,462,518$43,335,260
88$70,213,601$19,179,907$12,778,074$47,145,366
89$77,270,239$20,014,573$13,100,990$51,321,306
90$85,043,341$20,886,825$13,431,411$55,899,487
91$93,605,883$21,798,401$13,769,485$60,919,995
92$103,038,281$22,751,120$14,115,360$66,426,961
93$113,429,148$23,746,887$14,469,187$72,468,979
94$124,876,133$24,787,697$14,831,117$79,099,554
95$137,486,844$25,875,639$15,201,304$86,377,605
96$151,379,857$27,012,900$15,579,903$94,368,012
97$166,685,842$28,201,772$15,967,069$103,142,223
98$183,548,793$29,444,654$16,362,961$112,778,922
99$202,127,386$30,744,058$16,767,736$123,364,766
100$222,596,479$32,102,616$17,181,555$134,995,193