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%14.3%
1 years$751,469$744,776$738,245$731,871$725,647$712,746
2 years$372,015$365,086$358,371$351,861$345,546$332,593
3 years$245,546$238,588$231,890$225,441$219,229$206,626
4 years$182,324$175,387$168,757$162,417$156,356$144,201
5 years$144,401$137,506$130,962$124,752$118,859$107,187
6 years$119,127$112,284$105,837$99,765$94,049$82,873
7 years$101,082$94,296$87,951$82,023$76,487$65,811
8 years$87,554$80,829$74,589$68,807$63,453$53,273
9 years$77,037$70,376$64,244$58,608$53,437$43,748
10 years$68,629$62,033$56,009$50,521$45,531$36,324
11 years$61,754$55,224$49,310$43,968$39,158$30,423
12 years$56,029$49,566$43,761$38,566$33,934$25,659
13 years$51,189$44,794$39,098$34,048$29,591$21,763
14 years$47,043$40,716$35,129$30,224$25,939$18,545
15 years$43,454$37,195$31,717$26,954$22,839$15,864
16 years$40,316$34,126$28,756$24,135$20,185$13,614
17 years$37,551$31,428$26,167$21,685$17,897$11,715
18 years$35,095$29,041$23,887$19,542$15,914$10,104
19 years$32,901$26,915$21,867$17,658$14,184$8,732
20 years$30,928$25,011$20,069$15,993$12,670$7,558
21 years$29,146$23,297$18,459$14,515$11,338$6,552
22 years$27,527$21,747$17,013$13,197$10,163$5,686
23 years$26,052$20,339$15,709$12,019$9,123$4,940
24 years$24,702$19,056$14,528$10,962$8,200$4,296
25 years$23,461$17,884$13,456$10,011$7,378$3,739
26 years$22,318$16,808$12,480$9,154$6,646$3,256
27 years$21,261$15,818$11,588$8,379$5,992$2,838
28 years$20,282$14,905$10,773$7,677$5,407$2,474
29 years$19,372$14,061$10,025$7,040$4,882$2,158
30 years$18,524$13,279$9,338$6,461$4,411$1,883
31 years$17,732$12,553$8,706$5,933$3,988$1,644
32 years$16,991$11,878$8,122$5,453$3,608$1,435
33 years$16,297$11,249$7,584$5,015$3,265$1,253
34 years$15,645$10,661$7,086$4,614$2,956$1,095
35 years$15,031$10,112$6,625$4,247$2,677$957
36 years$14,453$9,598$6,197$3,912$2,426$836
37 years$13,907$9,116$5,801$3,604$2,199$731
38 years$13,392$8,663$5,432$3,322$1,993$639
39 years$12,904$8,238$5,089$3,063$1,808$558
40 years$12,441$7,838$4,770$2,825$1,640$488
41 years$12,002$7,461$4,473$2,607$1,487$427
42 years$11,586$7,105$4,196$2,406$1,350$373
43 years$11,189$6,770$3,937$2,221$1,225$326
44 years$10,812$6,453$3,696$2,050$1,112$285
45 years$10,453$6,154$3,470$1,894$1,009$250
46 years$10,110$5,870$3,259$1,749$916$218
47 years$9,783$5,602$3,062$1,616$832$191
48 years$9,470$5,348$2,877$1,493$756$167
49 years$9,171$5,107$2,705$1,380$686$146
50 years$8,885$4,878$2,543$1,276$623$128

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 $2,841 every year, while hoping to spend $33,346 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: 51/44/5 Blend
63$9,100,000$9,100,000$9,100,000$9,100,000
64$10,031,130$9,548,830$9,407,780$10,530,981
65$11,018,826$9,981,243$9,687,461$11,303,013
66$12,106,149$10,433,727$9,975,394$12,137,921
67$13,303,225$10,907,229$10,271,819$13,044,657
68$14,621,215$11,402,744$10,576,986$14,029,962
69$16,072,413$11,921,312$10,891,149$15,101,241
70$17,670,368$12,464,025$11,214,571$16,266,626
71$19,430,009$13,032,026$11,547,522$17,535,050
72$21,367,787$13,626,513$11,890,282$18,916,325
73$23,501,830$14,248,741$12,243,135$20,421,233
74$25,852,114$14,900,026$12,606,377$22,061,625
75$28,440,648$15,581,746$12,980,309$23,850,522
76$31,291,689$16,295,346$13,365,245$25,802,240
77$34,431,965$17,042,341$13,761,503$27,932,515
78$37,890,927$17,824,318$14,169,415$30,258,651
79$41,701,030$18,642,938$14,589,320$32,799,672
80$45,898,039$19,499,946$15,021,565$35,576,502
81$50,521,363$20,397,167$15,466,512$38,612,150
82$55,614,430$21,336,516$15,924,528$41,931,928
83$61,225,096$22,320,000$16,395,995$45,563,677
84$67,406,098$23,349,722$16,881,302$49,538,027
85$74,215,547$24,427,885$17,380,853$53,888,677
86$81,717,481$25,556,801$17,895,060$58,652,704
87$89,982,470$26,738,889$18,424,350$63,870,910
88$99,088,275$27,976,688$18,969,159$69,588,193
89$109,120,593$29,272,859$19,529,939$75,853,967
90$120,173,854$30,630,190$20,107,153$82,722,615
91$132,352,121$32,051,603$20,701,276$90,253,996
92$145,770,068$33,540,162$21,312,800$98,513,998
93$160,554,063$35,099,079$21,942,227$107,575,153
94$176,843,363$36,731,719$22,590,077$117,517,305
95$194,791,424$38,441,611$23,256,883$128,428,356
96$214,567,353$40,232,454$23,943,192$140,405,083
97$236,357,504$42,108,126$24,649,571$153,554,041
98$260,367,236$44,072,690$25,376,597$167,992,551
99$286,822,850$46,130,408$26,124,869$183,849,796
100$315,973,728$48,285,745$26,895,000$201,268,028