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%17.6%
1 years$718,438$712,038$705,795$699,701$693,750$672,351
2 years$355,662$349,038$342,619$336,395$330,357$308,985
3 years$234,753$228,100$221,697$215,531$209,592$188,917
4 years$174,310$167,678$161,339$155,278$149,483$129,663
5 years$138,054$131,462$125,205$119,269$113,635$94,724
6 years$113,891$107,348$101,185$95,380$89,915$71,931
7 years$96,638$90,151$84,085$78,417$73,125$56,065
8 years$83,705$77,276$71,311$65,782$60,664$44,518
9 years$73,651$67,283$61,420$56,032$51,088$35,837
10 years$65,612$59,306$53,547$48,300$43,530$29,153
11 years$59,040$52,797$47,142$42,035$37,437$23,908
12 years$53,566$47,388$41,837$36,871$32,442$19,733
13 years$48,939$42,825$37,379$32,551$28,290$16,372
14 years$44,976$38,926$33,585$28,895$24,799$13,639
15 years$41,544$35,560$30,323$25,770$21,835$11,401
16 years$38,544$32,626$27,492$23,074$19,298$9,557
17 years$35,900$30,047$25,017$20,732$17,111$8,030
18 years$33,553$27,765$22,837$18,683$15,214$6,759
19 years$31,454$25,732$20,906$16,882$13,561$5,699
20 years$29,569$23,911$19,187$15,290$12,113$4,811
21 years$27,864$22,273$17,648$13,877$10,839$4,067
22 years$26,317$20,791$16,265$12,617$9,716$3,440
23 years$24,907$19,445$15,018$11,491$8,722$2,913
24 years$23,616$18,219$13,889$10,480$7,839$2,468
25 years$22,430$17,097$12,864$9,571$7,054$2,092
26 years$21,337$16,069$11,931$8,751$6,354$1,774
27 years$20,327$15,123$11,079$8,010$5,729$1,505
28 years$19,390$14,250$10,299$7,339$5,169$1,278
29 years$18,520$13,443$9,584$6,730$4,668$1,085
30 years$17,709$12,696$8,928$6,177$4,217$921
31 years$16,953$12,002$8,323$5,673$3,813$782
32 years$16,244$11,356$7,765$5,213$3,449$665
33 years$15,580$10,754$7,251$4,794$3,121$565
34 years$14,957$10,193$6,775$4,411$2,826$480
35 years$14,370$9,668$6,334$4,061$2,560$408
36 years$13,818$9,176$5,925$3,740$2,319$347
37 years$13,296$8,715$5,546$3,446$2,102$295
38 years$12,803$8,282$5,193$3,176$1,906$250
39 years$12,336$7,876$4,866$2,928$1,728$213
40 years$11,894$7,493$4,561$2,701$1,567$181
41 years$11,475$7,133$4,276$2,492$1,422$154
42 years$11,076$6,793$4,011$2,300$1,290$131
43 years$10,697$6,472$3,764$2,123$1,171$111
44 years$10,337$6,169$3,533$1,960$1,063$95
45 years$9,993$5,883$3,318$1,810$965$80
46 years$9,665$5,612$3,116$1,672$876$68
47 years$9,353$5,356$2,927$1,545$796$58
48 years$9,054$5,113$2,751$1,428$723$49
49 years$8,768$4,883$2,586$1,319$656$42
50 years$8,494$4,664$2,431$1,219$596$36

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 $4,978 every year, while hoping to spend $53,317 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: 52/21/27 Blend
63$8,700,000$8,700,000$8,700,000$8,700,000
64$9,592,535$9,131,435$8,996,585$10,018,550
65$10,514,244$9,522,146$9,241,242$10,705,544
66$11,528,182$9,930,216$9,492,307$11,446,652
67$12,643,697$10,356,437$9,749,940$12,251,804
68$13,871,094$10,801,642$10,014,303$13,127,133
69$15,221,724$11,266,701$10,285,561$14,079,380
70$16,708,095$11,752,525$10,563,882$15,115,963
71$18,343,989$12,260,067$10,849,441$16,245,038
72$20,144,593$12,790,327$11,142,414$17,475,574
73$22,126,637$13,344,349$11,442,981$18,817,443
74$24,308,560$13,923,228$11,751,326$20,281,502
75$26,710,677$14,528,109$12,067,639$21,879,696
76$29,355,372$15,160,194$12,392,112$23,625,174
77$32,267,314$15,820,736$12,724,941$25,532,400
78$35,473,680$16,511,053$13,066,327$27,617,296
79$39,004,422$17,232,521$13,416,476$29,897,385
80$42,892,541$17,986,583$13,775,595$32,391,955
81$47,174,402$18,774,747$14,143,900$35,122,237
82$51,890,079$19,598,597$14,521,608$38,111,604
83$57,083,726$20,459,788$14,908,942$41,385,786
84$62,804,003$21,360,055$15,306,128$44,973,112
85$69,104,527$22,301,213$15,713,399$48,904,772
86$76,044,382$23,285,165$16,130,990$53,215,108
87$83,688,674$24,313,903$16,559,144$57,941,937
88$92,109,148$25,389,514$16,998,105$63,126,897
89$101,384,865$26,514,184$17,448,124$68,815,847
90$111,602,942$27,690,200$17,909,458$75,059,284
91$122,859,384$28,919,961$18,382,366$81,912,823
92$135,259,980$30,205,978$18,867,115$89,437,713
93$148,921,308$31,550,882$19,363,974$97,701,415
94$163,971,834$32,957,427$19,873,219$106,778,226
95$180,553,120$34,428,501$20,395,131$116,749,984
96$198,821,167$35,967,126$20,929,997$127,706,829
97$218,947,881$37,576,470$21,478,106$139,748,049
98$241,122,699$39,259,851$22,039,757$152,983,013
99$265,554,375$41,020,744$22,615,250$167,532,197
100$292,472,953$42,862,793$23,204,892$183,528,312