Can I retire at age 64 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$569,796$564,720$559,768$554,935$550,216$536,697
2 years$282,077$276,824$271,732$266,796$262,007$248,471
3 years$186,183$180,907$175,829$170,939$166,228$153,097
4 years$138,246$132,986$127,958$123,152$118,555$105,931
5 years$109,491$104,263$99,301$94,592$90,124$78,041
6 years$90,327$85,138$80,250$75,646$71,312$59,783
7 years$76,644$71,499$66,688$62,193$57,996$47,021
8 years$66,387$61,288$56,557$52,172$48,113$37,689
9 years$58,413$53,362$48,712$44,439$40,518$30,636
10 years$52,037$47,036$42,468$38,307$34,524$25,172
11 years$46,825$41,873$37,389$33,338$29,691$20,856
12 years$42,484$37,583$33,181$29,242$25,730$17,397
13 years$38,814$33,964$29,645$25,817$22,437$14,590
14 years$35,670$30,873$26,637$22,917$19,668$12,289
15 years$32,949$28,203$24,049$20,438$17,317$10,389
16 years$30,570$25,875$21,804$18,300$15,305$8,809
17 years$28,473$23,830$19,841$16,442$13,571$7,488
18 years$26,611$22,020$18,112$14,818$12,066$6,379
19 years$24,947$20,408$16,581$13,389$10,755$5,443
20 years$23,451$18,964$15,217$12,127$9,607$4,652
21 years$22,099$17,665$13,997$11,006$8,597$3,980
22 years$20,872$16,489$12,900$10,007$7,706$3,409
23 years$19,754$15,422$11,911$9,113$6,917$2,923
24 years$18,730$14,449$11,016$8,312$6,217$2,508
25 years$17,789$13,560$10,203$7,591$5,595$2,154
26 years$16,922$12,744$9,463$6,941$5,039$1,850
27 years$16,121$11,994$8,787$6,353$4,543$1,590
28 years$15,379$11,302$8,168$5,821$4,100$1,367
29 years$14,688$10,662$7,601$5,338$3,702$1,176
30 years$14,045$10,069$7,080$4,899$3,345$1,012
31 years$13,445$9,519$6,601$4,499$3,024$871
32 years$12,883$9,006$6,159$4,135$2,736$750
33 years$12,357$8,529$5,750$3,802$2,476$646
34 years$11,862$8,084$5,373$3,498$2,241$556
35 years$11,397$7,667$5,023$3,220$2,030$479
36 years$10,959$7,277$4,699$2,966$1,839$413
37 years$10,545$6,912$4,398$2,733$1,667$355
38 years$10,154$6,569$4,119$2,519$1,511$306
39 years$9,784$6,246$3,859$2,322$1,371$264
40 years$9,433$5,943$3,617$2,142$1,243$227
41 years$9,101$5,657$3,392$1,976$1,128$196
42 years$8,785$5,388$3,181$1,824$1,023$169
43 years$8,484$5,133$2,985$1,684$929$146
44 years$8,198$4,893$2,802$1,555$843$125
45 years$7,926$4,666$2,631$1,436$765$108
46 years$7,666$4,451$2,471$1,326$695$93
47 years$7,418$4,248$2,322$1,225$631$80
48 years$7,180$4,055$2,182$1,132$573$69
49 years$6,954$3,872$2,051$1,046$520$60
50 years$6,737$3,699$1,928$967$473$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $6,900,000, adding $6,746 every year, while hoping to spend $38,911 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: 74/20/6 Blend
63$6,900,000$6,900,000$6,900,000$6,900,000
64$7,610,758$7,245,058$7,138,108$8,168,461
65$8,345,655$7,558,665$7,335,834$8,850,032
66$9,154,207$7,886,335$7,538,879$9,590,839
67$10,043,885$8,228,715$7,747,382$10,401,232
68$11,022,924$8,586,484$7,961,481$11,288,076
69$12,100,393$8,960,352$8,181,321$12,258,925
70$13,286,287$9,351,064$8,407,050$13,322,096
71$14,591,620$9,759,398$8,638,818$14,486,742
72$16,028,526$10,186,169$8,876,779$15,762,940
73$17,610,376$10,632,232$9,121,091$17,161,782
74$19,351,903$11,098,480$9,371,917$18,695,481
75$21,269,342$11,585,850$9,629,421$20,377,483
76$23,380,581$12,095,323$9,893,773$22,222,591
77$25,705,333$12,627,926$10,165,146$24,247,108
78$28,265,317$13,184,735$10,443,719$26,468,981
79$31,084,467$13,766,875$10,729,672$28,907,978
80$34,189,158$14,375,527$11,023,191$31,585,863
81$37,608,451$15,011,927$11,324,466$34,526,608
82$41,374,369$15,677,367$11,633,692$37,756,610
83$45,522,202$16,373,205$11,951,068$41,304,945
84$50,090,834$17,100,860$12,276,797$45,203,633
85$55,123,116$17,861,819$12,611,086$49,487,942
86$60,666,266$18,657,640$12,954,149$54,196,718
87$66,772,316$19,489,955$13,306,204$59,372,748
88$73,498,602$20,360,474$13,667,472$65,063,163
89$80,908,309$21,270,986$14,038,182$71,319,875
90$89,071,060$22,223,368$14,418,564$78,200,073
91$98,063,580$23,219,585$14,808,858$85,766,749
92$107,970,416$24,261,695$15,209,306$94,089,297
93$118,884,737$25,351,857$15,620,156$103,244,163
94$130,909,210$26,492,328$16,041,661$113,315,560
95$144,156,974$27,685,477$16,474,082$124,396,264
96$158,752,704$28,933,783$16,917,681$136,588,480
97$174,833,786$30,239,845$17,372,730$150,004,808
98$192,551,621$31,606,386$17,839,505$164,769,300
99$212,073,046$33,036,258$18,318,288$181,018,625
100$233,581,912$34,532,451$18,809,367$198,903,355