Can I retire at age 64 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$718,438$712,038$705,795$699,701$693,750$676,430
2 years$355,662$349,038$342,619$336,395$330,357$313,017
3 years$234,753$228,100$221,697$215,531$209,592$192,774
4 years$174,310$167,678$161,339$155,278$149,483$133,317
5 years$138,054$131,462$125,205$119,269$113,635$98,165
6 years$113,891$107,348$101,185$95,380$89,915$75,158
7 years$96,638$90,151$84,085$78,417$73,125$59,081
8 years$83,705$77,276$71,311$65,782$60,664$47,328
9 years$73,651$67,283$61,420$56,032$51,088$38,448
10 years$65,612$59,306$53,547$48,300$43,530$31,570
11 years$59,040$52,797$47,142$42,035$37,437$26,141
12 years$53,566$47,388$41,837$36,871$32,442$21,791
13 years$48,939$42,825$37,379$32,551$28,290$18,262
14 years$44,976$38,926$33,585$28,895$24,799$15,372
15 years$41,544$35,560$30,323$25,770$21,835$12,986
16 years$38,544$32,626$27,492$23,074$19,298$11,004
17 years$35,900$30,047$25,017$20,732$17,111$9,347
18 years$33,553$27,765$22,837$18,683$15,214$7,956
19 years$31,454$25,732$20,906$16,882$13,561$6,784
20 years$29,569$23,911$19,187$15,290$12,113$5,793
21 years$27,864$22,273$17,648$13,877$10,839$4,953
22 years$26,317$20,791$16,265$12,617$9,716$4,240
23 years$24,907$19,445$15,018$11,491$8,722$3,632
24 years$23,616$18,219$13,889$10,480$7,839$3,114
25 years$22,430$17,097$12,864$9,571$7,054$2,672
26 years$21,337$16,069$11,931$8,751$6,354$2,293
27 years$20,327$15,123$11,079$8,010$5,729$1,970
28 years$19,390$14,250$10,299$7,339$5,169$1,692
29 years$18,520$13,443$9,584$6,730$4,668$1,454
30 years$17,709$12,696$8,928$6,177$4,217$1,250
31 years$16,953$12,002$8,323$5,673$3,813$1,075
32 years$16,244$11,356$7,765$5,213$3,449$925
33 years$15,580$10,754$7,251$4,794$3,121$796
34 years$14,957$10,193$6,775$4,411$2,826$685
35 years$14,370$9,668$6,334$4,061$2,560$589
36 years$13,818$9,176$5,925$3,740$2,319$507
37 years$13,296$8,715$5,546$3,446$2,102$437
38 years$12,803$8,282$5,193$3,176$1,906$376
39 years$12,336$7,876$4,866$2,928$1,728$324
40 years$11,894$7,493$4,561$2,701$1,567$279
41 years$11,475$7,133$4,276$2,492$1,422$240
42 years$11,076$6,793$4,011$2,300$1,290$206
43 years$10,697$6,472$3,764$2,123$1,171$178
44 years$10,337$6,169$3,533$1,960$1,063$153
45 years$9,993$5,883$3,318$1,810$965$132
46 years$9,665$5,612$3,116$1,672$876$114
47 years$9,353$5,356$2,927$1,545$796$98
48 years$9,054$5,113$2,751$1,428$723$84
49 years$8,768$4,883$2,586$1,319$656$73
50 years$8,494$4,664$2,431$1,219$596$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $8,700,000, adding $6,034 every year, while hoping to spend $41,313 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: 55/34/11 Blend
63$8,700,000$8,700,000$8,700,000$8,700,000
64$9,593,624$9,132,524$8,997,674$10,094,326
65$10,528,217$9,536,061$9,255,139$10,837,815
66$11,556,754$9,957,987$9,519,845$11,641,894
67$12,688,773$10,399,158$9,791,990$12,516,407
68$13,934,785$10,860,474$10,071,779$13,468,068
69$15,306,371$11,342,875$10,359,421$14,504,256
70$16,816,290$11,847,346$10,655,132$15,633,081
71$18,478,605$12,374,919$10,959,132$16,863,458
72$20,308,808$12,926,675$11,271,648$18,205,189
73$22,323,972$13,503,747$11,592,913$19,669,053
74$24,542,907$14,107,321$11,923,166$21,266,900
75$26,986,343$14,738,640$12,262,652$23,011,768
76$29,677,122$15,399,005$12,611,623$24,917,992
77$32,640,413$16,089,780$12,970,336$27,001,343
78$35,903,950$16,812,395$13,339,058$29,279,173
79$39,498,296$17,568,345$13,718,059$31,770,568
80$43,457,128$18,359,200$14,107,620$34,496,533
81$47,817,556$19,186,601$14,508,026$37,480,178
82$52,620,473$20,052,271$14,919,571$40,746,936
83$57,910,942$20,958,013$15,342,557$44,324,798
84$63,738,618$21,905,716$15,777,294$48,244,568
85$70,158,222$22,897,361$16,224,098$52,540,156
86$77,230,051$23,935,022$16,683,295$57,248,884
87$85,020,550$25,020,872$17,155,220$62,411,839
88$93,602,941$26,157,190$17,640,214$68,074,251
89$103,057,910$27,346,361$18,138,631$74,285,916
90$113,474,371$28,590,887$18,650,829$81,101,658
91$124,950,305$29,893,388$19,177,180$88,581,840
92$137,593,683$31,256,611$19,718,062$96,792,925
93$151,523,486$32,683,433$20,273,865$105,808,100
94$166,870,830$34,176,869$20,844,987$115,707,954
95$183,780,198$35,740,080$21,431,838$126,581,234
96$202,410,812$37,376,377$22,034,839$138,525,671
97$222,938,127$39,089,232$22,654,418$151,648,897
98$245,555,493$40,882,281$23,291,017$166,069,449
99$270,475,976$42,759,336$23,945,090$181,917,877
100$297,934,374$44,724,392$24,617,099$199,337,970