Can I retire at age 65 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%15.2%
1 years$528,506$523,798$519,205$514,722$510,345$499,428
2 years$261,637$256,764$252,041$247,463$243,021$232,076
3 years$172,692$167,798$163,088$158,552$154,183$143,551
4 years$128,228$123,349$118,686$114,228$109,964$99,728
5 years$101,557$96,707$92,105$87,738$83,593$73,780
6 years$83,782$78,969$74,435$70,165$66,144$56,766
7 years$71,090$66,318$61,856$57,686$53,793$44,851
8 years$61,576$56,847$52,458$48,392$44,627$36,117
9 years$54,180$49,495$45,182$41,219$37,582$29,500
10 years$48,267$43,628$39,391$35,531$32,022$24,359
11 years$43,432$38,839$34,679$30,923$27,540$20,286
12 years$39,405$34,860$30,777$27,123$23,865$17,010
13 years$36,001$31,503$27,497$23,946$20,811$14,341
14 years$33,086$28,636$24,706$21,256$18,243$12,146
15 years$30,561$26,159$22,306$18,957$16,062$10,326
16 years$28,354$24,000$20,224$16,974$14,196$8,805
17 years$26,409$22,104$18,403$15,251$12,587$7,528
18 years$24,682$20,425$16,800$13,744$11,192$6,450
19 years$23,139$18,929$15,379$12,419$9,976$5,537
20 years$21,752$17,590$14,114$11,248$8,910$4,761
21 years$20,498$16,384$12,982$10,208$7,974$4,099
22 years$19,360$15,294$11,965$9,282$7,147$3,533
23 years$18,322$14,304$11,048$8,453$6,416$3,048
24 years$17,373$13,402$10,217$7,709$5,767$2,632
25 years$16,500$12,577$9,463$7,041$5,189$2,274
26 years$15,696$11,821$8,777$6,438$4,674$1,966
27 years$14,953$11,125$8,150$5,893$4,214$1,701
28 years$14,264$10,483$7,577$5,399$3,803$1,472
29 years$13,624$9,889$7,051$4,951$3,434$1,275
30 years$13,028$9,339$6,567$4,544$3,103$1,104
31 years$12,471$8,829$6,123$4,173$2,805$957
32 years$11,950$8,354$5,712$3,835$2,537$829
33 years$11,461$7,911$5,334$3,527$2,296$719
34 years$11,003$7,498$4,984$3,245$2,079$623
35 years$10,571$7,112$4,659$2,987$1,883$540
36 years$10,165$6,750$4,359$2,751$1,706$468
37 years$9,781$6,411$4,080$2,535$1,546$406
38 years$9,418$6,093$3,820$2,336$1,402$352
39 years$9,075$5,794$3,579$2,154$1,271$306
40 years$8,750$5,512$3,355$1,987$1,153$265
41 years$8,441$5,247$3,146$1,833$1,046$230
42 years$8,148$4,997$2,951$1,692$949$200
43 years$7,869$4,761$2,769$1,562$861$173
44 years$7,604$4,538$2,599$1,442$782$150
45 years$7,351$4,328$2,441$1,332$710$131
46 years$7,110$4,129$2,292$1,230$645$113
47 years$6,880$3,940$2,153$1,137$585$98
48 years$6,660$3,761$2,024$1,050$532$85
49 years$6,450$3,592$1,902$971$483$74
50 years$6,249$3,431$1,788$897$438$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $6,400,000, adding $2,371 every year, while hoping to spend $40,505 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: 50/21/29 Blend
64$6,400,000$6,400,000$6,400,000$6,400,000
65$7,055,246$6,716,046$6,616,846$7,349,912
66$7,731,784$7,002,035$6,795,413$7,842,438
67$8,475,971$7,300,680$6,978,605$8,373,276
68$9,294,665$7,612,559$7,166,533$8,949,505
69$10,195,422$7,938,275$7,359,313$9,575,455
70$11,186,566$8,278,461$7,557,060$10,255,888
71$12,277,269$8,633,779$7,759,896$10,996,041
72$13,477,639$9,004,923$7,967,941$11,801,671
73$14,798,812$9,392,618$8,181,320$12,679,112
74$16,253,057$9,797,623$8,400,161$13,635,329
75$17,853,896$10,220,733$8,624,594$14,677,988
76$19,616,226$10,662,781$8,854,750$15,815,519
77$21,556,462$11,124,638$9,090,765$17,057,200
78$23,692,692$11,607,217$9,332,777$18,413,241
79$26,044,849$12,111,473$9,580,927$19,894,875
80$28,634,894$12,638,405$9,835,358$21,514,469
81$31,487,027$13,189,061$10,096,217$23,285,631
82$34,627,917$13,764,538$10,363,653$25,223,341
83$38,086,948$14,365,984$10,637,819$27,344,089
84$41,896,499$14,994,600$10,918,868$29,666,028
85$46,092,253$15,651,646$11,206,961$32,209,143
86$50,713,526$16,338,440$11,502,257$34,995,437
87$55,803,644$17,056,362$11,804,922$38,049,135
88$61,410,351$17,806,859$12,115,122$41,396,914
89$67,586,256$18,591,444$12,433,028$45,068,146
90$74,389,333$19,411,704$12,758,813$49,095,176
91$81,883,466$20,269,298$13,092,654$53,513,623
92$90,139,053$21,165,967$13,434,732$58,362,714
93$99,233,669$22,103,533$13,785,228$63,685,648
94$109,252,800$23,083,902$14,144,330$69,530,006
95$120,290,646$24,109,075$14,512,226$75,948,188
96$132,451,017$25,181,143$14,889,110$82,997,913
97$145,848,302$26,302,301$15,275,177$90,742,752
98$160,608,560$27,474,846$15,670,627$99,252,728
99$176,870,702$28,701,182$16,075,662$108,604,973
100$194,787,805$29,983,831$16,490,487$118,884,449