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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.6%
1 years$751,469$744,776$738,245$731,871$725,647$697,683
2 years$372,015$365,086$358,371$351,861$345,546$317,706
3 years$245,546$238,588$231,890$225,441$219,229$192,389
4 years$182,324$175,387$168,757$162,417$156,356$130,721
5 years$144,401$137,506$130,962$124,752$118,859$94,495
6 years$119,127$112,284$105,837$99,765$94,049$70,972
7 years$101,082$94,296$87,951$82,023$76,487$54,689
8 years$87,554$80,829$74,589$68,807$63,453$42,914
9 years$77,037$70,376$64,244$58,608$53,437$34,126
10 years$68,629$62,033$56,009$50,521$45,531$27,413
11 years$61,754$55,224$49,310$43,968$39,158$22,191
12 years$56,029$49,566$43,761$38,566$33,934$18,074
13 years$51,189$44,794$39,098$34,048$29,591$14,792
14 years$47,043$40,716$35,129$30,224$25,939$12,152
15 years$43,454$37,195$31,717$26,954$22,839$10,015
16 years$40,316$34,126$28,756$24,135$20,185$8,274
17 years$37,551$31,428$26,167$21,685$17,897$6,850
18 years$35,095$29,041$23,887$19,542$15,914$5,681
19 years$32,901$26,915$21,867$17,658$14,184$4,718
20 years$30,928$25,011$20,069$15,993$12,670$3,923
21 years$29,146$23,297$18,459$14,515$11,338$3,264
22 years$27,527$21,747$17,013$13,197$10,163$2,719
23 years$26,052$20,339$15,709$12,019$9,123$2,266
24 years$24,702$19,056$14,528$10,962$8,200$1,889
25 years$23,461$17,884$13,456$10,011$7,378$1,576
26 years$22,318$16,808$12,480$9,154$6,646$1,315
27 years$21,261$15,818$11,588$8,379$5,992$1,098
28 years$20,282$14,905$10,773$7,677$5,407$917
29 years$19,372$14,061$10,025$7,040$4,882$766
30 years$18,524$13,279$9,338$6,461$4,411$640
31 years$17,732$12,553$8,706$5,933$3,988$534
32 years$16,991$11,878$8,122$5,453$3,608$447
33 years$16,297$11,249$7,584$5,015$3,265$373
34 years$15,645$10,661$7,086$4,614$2,956$312
35 years$15,031$10,112$6,625$4,247$2,677$261
36 years$14,453$9,598$6,197$3,912$2,426$218
37 years$13,907$9,116$5,801$3,604$2,199$182
38 years$13,392$8,663$5,432$3,322$1,993$152
39 years$12,904$8,238$5,089$3,063$1,808$127
40 years$12,441$7,838$4,770$2,825$1,640$106
41 years$12,002$7,461$4,473$2,607$1,487$89
42 years$11,586$7,105$4,196$2,406$1,350$74
43 years$11,189$6,770$3,937$2,221$1,225$62
44 years$10,812$6,453$3,696$2,050$1,112$52
45 years$10,453$6,154$3,470$1,894$1,009$43
46 years$10,110$5,870$3,259$1,749$916$36
47 years$9,783$5,602$3,062$1,616$832$30
48 years$9,470$5,348$2,877$1,493$756$25
49 years$9,171$5,107$2,705$1,380$686$21
50 years$8,885$4,878$2,543$1,276$623$18

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 $5,948 every year, while hoping to spend $40,608 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: 43/48/9 Blend
63$9,100,000$9,100,000$9,100,000$9,100,000
64$10,034,335$9,552,035$9,410,985$10,439,442
65$11,014,631$9,976,878$9,683,047$11,146,661
66$12,093,556$10,421,178$9,962,861$11,907,757
67$13,281,127$10,885,844$10,250,646$12,731,335
68$14,588,382$11,371,831$10,546,623$13,623,127
69$16,027,484$11,880,137$10,851,021$14,589,421
70$17,611,833$12,411,810$11,164,076$15,637,116
71$19,356,197$12,967,945$11,486,030$16,773,784
72$21,276,846$13,549,692$11,817,129$18,007,736
73$23,391,711$14,158,253$12,157,629$19,348,100
74$25,720,547$14,794,889$12,507,791$20,804,894
75$28,285,126$15,460,922$12,867,885$22,389,127
76$31,109,436$16,157,734$13,238,186$24,112,887
77$34,219,910$16,886,775$13,618,978$25,989,458
78$37,645,679$17,649,565$14,010,552$28,033,434
79$41,418,840$18,447,695$14,413,206$30,260,854
80$45,574,761$19,282,832$14,827,248$32,689,347
81$50,152,420$20,156,723$15,252,994$35,338,292
82$55,194,764$21,071,200$15,690,767$38,228,991
83$60,749,121$22,028,180$16,140,899$41,384,869
84$66,867,644$23,029,674$16,603,732$44,831,682
85$73,607,803$24,077,788$17,079,616$48,597,757
86$81,032,928$25,174,728$17,568,912$52,714,248
87$89,212,805$26,322,808$18,071,989$57,215,424
88$98,224,337$27,524,451$18,589,226$62,138,980
89$108,152,267$28,782,197$19,121,013$67,526,389
90$119,089,982$30,098,708$19,667,751$73,423,280
91$131,140,388$31,476,773$20,229,848$79,879,860
92$144,416,887$32,919,314$20,807,728$86,951,377
93$159,044,445$34,429,396$21,401,822$94,698,629
94$175,160,770$36,010,228$22,012,575$103,188,529
95$192,917,615$37,665,176$22,640,442$112,494,723
96$212,482,207$39,397,765$23,285,892$122,698,273
97$234,038,827$41,211,691$23,949,405$133,888,409
98$257,790,552$43,110,828$24,631,474$146,163,355
99$283,961,165$45,099,235$25,332,605$159,631,247
100$312,797,273$47,181,167$26,053,317$174,411,132