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%15.6%
1 years$751,469$744,776$738,245$731,871$725,647$708,968
2 years$372,015$365,086$358,371$351,861$345,546$328,835
3 years$245,546$238,588$231,890$225,441$219,229$203,007
4 years$182,324$175,387$168,757$162,417$156,356$140,748
5 years$144,401$137,506$130,962$124,752$118,859$103,910
6 years$119,127$112,284$105,837$99,765$94,049$79,773
7 years$101,082$94,296$87,951$82,023$76,487$62,887
8 years$87,554$80,829$74,589$68,807$63,453$50,524
9 years$77,037$70,376$64,244$58,608$53,437$41,168
10 years$68,629$62,033$56,009$50,521$45,531$33,909
11 years$61,754$55,224$49,310$43,968$39,158$28,168
12 years$56,029$49,566$43,761$38,566$33,934$23,557
13 years$51,189$44,794$39,098$34,048$29,591$19,808
14 years$47,043$40,716$35,129$30,224$25,939$16,731
15 years$43,454$37,195$31,717$26,954$22,839$14,184
16 years$40,316$34,126$28,756$24,135$20,185$12,061
17 years$37,551$31,428$26,167$21,685$17,897$10,282
18 years$35,095$29,041$23,887$19,542$15,914$8,784
19 years$32,901$26,915$21,867$17,658$14,184$7,518
20 years$30,928$25,011$20,069$15,993$12,670$6,445
21 years$29,146$23,297$18,459$14,515$11,338$5,531
22 years$27,527$21,747$17,013$13,197$10,163$4,753
23 years$26,052$20,339$15,709$12,019$9,123$4,088
24 years$24,702$19,056$14,528$10,962$8,200$3,519
25 years$23,461$17,884$13,456$10,011$7,378$3,031
26 years$22,318$16,808$12,480$9,154$6,646$2,612
27 years$21,261$15,818$11,588$8,379$5,992$2,252
28 years$20,282$14,905$10,773$7,677$5,407$1,943
29 years$19,372$14,061$10,025$7,040$4,882$1,677
30 years$18,524$13,279$9,338$6,461$4,411$1,448
31 years$17,732$12,553$8,706$5,933$3,988$1,250
32 years$16,991$11,878$8,122$5,453$3,608$1,080
33 years$16,297$11,249$7,584$5,015$3,265$933
34 years$15,645$10,661$7,086$4,614$2,956$806
35 years$15,031$10,112$6,625$4,247$2,677$697
36 years$14,453$9,598$6,197$3,912$2,426$602
37 years$13,907$9,116$5,801$3,604$2,199$520
38 years$13,392$8,663$5,432$3,322$1,993$450
39 years$12,904$8,238$5,089$3,063$1,808$389
40 years$12,441$7,838$4,770$2,825$1,640$336
41 years$12,002$7,461$4,473$2,607$1,487$291
42 years$11,586$7,105$4,196$2,406$1,350$251
43 years$11,189$6,770$3,937$2,221$1,225$217
44 years$10,812$6,453$3,696$2,050$1,112$188
45 years$10,453$6,154$3,470$1,894$1,009$163
46 years$10,110$5,870$3,259$1,749$916$141
47 years$9,783$5,602$3,062$1,616$832$122
48 years$9,470$5,348$2,877$1,493$756$105
49 years$9,171$5,107$2,705$1,380$686$91
50 years$8,885$4,878$2,543$1,276$623$79

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 $2,488 every year, while hoping to spend $20,127 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: 67/22/11 Blend
63$9,100,000$9,100,000$9,100,000$9,100,000
64$10,030,766$9,548,466$9,407,416$10,678,981
65$11,032,490$9,994,926$9,701,150$11,557,006
66$12,135,714$10,462,588$10,004,049$12,513,979
67$13,350,771$10,952,470$10,316,399$13,559,726
68$14,689,047$11,465,637$10,638,495$14,702,934
69$16,163,086$12,003,210$10,970,642$15,953,159
70$17,786,714$12,566,360$11,313,151$17,320,913
71$19,575,164$13,156,317$11,666,347$18,817,766
72$21,545,223$13,774,369$12,030,562$20,456,447
73$23,715,391$14,421,868$12,406,140$22,250,965
74$26,106,050$15,100,229$12,793,436$24,216,738
75$28,739,666$15,810,939$13,192,814$26,370,736
76$31,640,990$16,555,553$13,604,652$28,731,638
77$34,837,300$17,335,705$14,029,337$31,320,004
78$38,358,656$18,153,105$14,467,271$34,158,469
79$42,238,180$19,009,549$14,918,865$37,271,950
80$46,512,374$19,906,916$15,384,547$40,687,880
81$51,221,462$20,847,181$15,864,755$44,436,464
82$56,409,769$21,832,410$16,359,942$48,550,957
83$62,126,140$22,864,773$16,870,575$53,067,977
84$68,424,403$23,946,543$17,397,135$58,027,847
85$75,363,872$25,080,104$17,940,119$63,474,967
86$83,009,912$26,267,954$18,500,039$69,458,235
87$91,434,555$27,512,716$19,077,422$76,031,499
88$100,717,177$28,817,136$19,672,813$83,254,061
89$110,945,249$30,184,096$20,286,772$91,191,235
90$122,215,165$31,616,618$20,919,880$99,914,955
91$134,633,148$33,117,868$21,572,732$109,504,447
92$148,316,253$34,691,168$22,245,943$120,046,977
93$163,393,478$36,340,002$22,940,148$131,638,663
94$180,006,971$38,068,021$23,656,002$144,385,377
95$198,313,383$39,879,054$24,394,179$158,403,740
96$218,485,338$41,777,118$25,155,374$173,822,215
97$240,713,069$43,766,423$25,940,305$190,782,310
98$265,206,208$45,851,384$26,749,712$209,439,910
99$292,195,770$48,036,630$27,584,356$229,966,736
100$321,936,331$50,327,018$28,445,024$252,551,963