Can I retire at age 64 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$751,469$744,776$738,245$731,871$725,647$718,667
2 years$372,015$365,086$358,371$351,861$345,546$338,515
3 years$245,546$238,588$231,890$225,441$219,229$212,364
4 years$182,324$175,387$168,757$162,417$156,356$149,711
5 years$144,401$137,506$130,962$124,752$118,859$112,453
6 years$119,127$112,284$105,837$99,765$94,049$87,890
7 years$101,082$94,296$87,951$82,023$76,487$70,578
8 years$87,554$80,829$74,589$68,807$63,453$57,793
9 years$77,037$70,376$64,244$58,608$53,437$48,024
10 years$68,629$62,033$56,009$50,521$45,531$40,363
11 years$61,754$55,224$49,310$43,968$39,158$34,230
12 years$56,029$49,566$43,761$38,566$33,934$29,241
13 years$51,189$44,794$39,098$34,048$29,591$25,127
14 years$47,043$40,716$35,129$30,224$25,939$21,700
15 years$43,454$37,195$31,717$26,954$22,839$18,817
16 years$40,316$34,126$28,756$24,135$20,185$16,374
17 years$37,551$31,428$26,167$21,685$17,897$14,291
18 years$35,095$29,041$23,887$19,542$15,914$12,504
19 years$32,901$26,915$21,867$17,658$14,184$10,965
20 years$30,928$25,011$20,069$15,993$12,670$9,633
21 years$29,146$23,297$18,459$14,515$11,338$8,477
22 years$27,527$21,747$17,013$13,197$10,163$7,470
23 years$26,052$20,339$15,709$12,019$9,123$6,591
24 years$24,702$19,056$14,528$10,962$8,200$5,821
25 years$23,461$17,884$13,456$10,011$7,378$5,147
26 years$22,318$16,808$12,480$9,154$6,646$4,554
27 years$21,261$15,818$11,588$8,379$5,992$4,032
28 years$20,282$14,905$10,773$7,677$5,407$3,573
29 years$19,372$14,061$10,025$7,040$4,882$3,167
30 years$18,524$13,279$9,338$6,461$4,411$2,809
31 years$17,732$12,553$8,706$5,933$3,988$2,493
32 years$16,991$11,878$8,122$5,453$3,608$2,213
33 years$16,297$11,249$7,584$5,015$3,265$1,965
34 years$15,645$10,661$7,086$4,614$2,956$1,746
35 years$15,031$10,112$6,625$4,247$2,677$1,551
36 years$14,453$9,598$6,197$3,912$2,426$1,379
37 years$13,907$9,116$5,801$3,604$2,199$1,226
38 years$13,392$8,663$5,432$3,322$1,993$1,090
39 years$12,904$8,238$5,089$3,063$1,808$969
40 years$12,441$7,838$4,770$2,825$1,640$862
41 years$12,002$7,461$4,473$2,607$1,487$767
42 years$11,586$7,105$4,196$2,406$1,350$682
43 years$11,189$6,770$3,937$2,221$1,225$607
44 years$10,812$6,453$3,696$2,050$1,112$540
45 years$10,453$6,154$3,470$1,894$1,009$481
46 years$10,110$5,870$3,259$1,749$916$428
47 years$9,783$5,602$3,062$1,616$832$381
48 years$9,470$5,348$2,877$1,493$756$339
49 years$9,171$5,107$2,705$1,380$686$302
50 years$8,885$4,878$2,543$1,276$623$268

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $9,100,000, adding $5,067 every year, while hoping to spend $36,645 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: 66/12/22 Blend
63$9,100,000$9,100,000$9,100,000$9,100,000
64$10,033,427$9,551,127$9,410,077$10,638,956
65$11,017,846$9,980,142$9,686,324$11,475,321
66$12,101,448$10,428,951$9,970,598$12,384,677
67$13,294,311$10,898,484$10,263,128$13,377,989
68$14,607,539$11,389,718$10,564,151$14,463,512
69$16,053,368$11,903,674$10,873,910$15,650,327
70$17,645,281$12,441,424$11,192,656$16,948,435
71$19,398,136$13,004,090$11,520,645$18,368,840
72$21,328,302$13,592,846$11,858,143$19,923,657
73$23,453,819$14,208,926$12,205,421$21,626,224
74$25,794,565$14,853,620$12,562,759$23,491,224
75$28,372,443$15,528,280$12,930,444$25,534,824
76$31,211,590$16,234,323$13,308,772$27,774,824
77$34,338,602$16,973,235$13,698,046$30,230,825
78$37,782,788$17,746,572$14,098,579$32,924,411
79$41,576,442$18,555,964$14,510,692$35,879,348
80$45,755,154$19,403,121$14,934,714$39,121,812
81$50,358,138$20,289,832$15,370,986$42,680,626
82$55,428,610$21,217,976$15,819,855$46,587,538
83$61,014,188$22,189,517$16,281,680$50,877,511
84$67,167,349$23,206,517$16,756,831$55,589,056
85$73,945,919$24,271,136$17,245,685$60,764,589
86$81,413,619$25,385,638$17,748,631$66,450,829
87$89,640,669$26,552,395$18,266,071$72,699,238
88$98,704,448$27,773,893$18,798,415$79,566,503
89$108,690,226$29,052,738$19,346,086$87,115,066
90$119,691,968$30,391,662$19,909,519$95,413,713
91$131,813,220$31,793,525$20,489,160$104,538,217
92$145,168,090$33,261,329$21,085,468$114,572,052
93$159,882,319$34,798,218$21,698,915$125,607,176
94$176,094,472$36,407,487$22,329,986$137,744,897
95$193,957,246$38,092,592$22,979,178$151,096,821
96$213,638,909$39,857,153$23,647,004$165,785,905
97$235,324,889$41,704,965$24,333,990$181,947,614
98$259,219,526$43,640,006$25,040,677$199,731,190
99$285,547,998$45,666,446$25,767,620$219,301,063
100$314,558,448$47,788,657$26,515,390$240,838,392